BWK Capital

Investor, business analyst, curious observer of the world around me. Tweets are intended to provoke thought and stimulate discussion.

[BWK Capital @BwkCapital]

Buying when there is “blood in the streets” is how you make big money. It’s also how you lose big money; that’s why people who get it right are in the Forbes 400 and those who don’t are broke. Don’t delude yourself into thinking it’s easy because you read some pithy Buffett quote

[BWK Capital @BwkCapital]

@IgnoreNarrative @BrockHBriggs @DadInvest I mean, champagne and caviar, and I get to hang with you and C?? Well worth the commute, can’t wait!

[BWK Capital @BwkCapital]

So great to have you back @JeffMarek, you are as good as ever!!

[Jeff Marek @JeffMarek]

Today on The Sheet I’m joined by Troy Smith of Hockey IQ.

https://t.co/lhrz582Ye2

[BWK Capital @BwkCapital]

@DeepSailCapital $SSD

[BWK Capital @BwkCapital]

@JeffMarek It’s been great to see just how much support there is for you Jeff. Add me to the very long list of people who will enthusiastically support you in your next endeavor.

[BWK Capital @BwkCapital]

@SleepwellCap Sent you a DM, happy to share my thoughts.

[BWK Capital @BwkCapital]

Imagine being a billionaire, free to live your life any way you want, and you choose to spend your vacation tweeting incessantly about politics.

[BWK Capital @BwkCapital]

@johnarnold @patio11 Loss ratios are low because most title defects are identified and cured before closing. That is what you are paying for, you pay to identify title defects before they cause losses. The cost/value ratio for title defects”insurance” is quite low. $FAF

[BWK Capital @BwkCapital]

@pekwat @InnocenceCapit1 @PythiaR @TidefallCapital The person I assume you are referring to made two 6-figure purchases of the stock in the last 3 months. Sharing an idea that you believe in and have your own money invested in for the long-term is not pumping. I have no opinion on the stock but the person is an A+ human being.

[BWK Capital @BwkCapital]

@taobanker Leases have 5-year terms with no escalators and very minimal leverage over the USPS upon renewal. And they have lots of floating rate debt. Tough asset to own in an inflationary environment. Great assets to own during a recession.

[BWK Capital @BwkCapital]

@buccocapital Companies should fund their ERP implementations by writing calls on their own stock. Should be included in SAP’s sales pitch. $LW

[BWK Capital @BwkCapital]

@bdnwheatkings RIP Big Casino ❤️

[BWK Capital @BwkCapital]

@QuisitiveInvest @InnocenceCapit1 @310Value $TPL has returned 25% per year since 1994. You don’t think that has paid off?

[BWK Capital @BwkCapital]

@RecoveryTrade You mean other than EPS going from $5 to $25 in four years?

[BWK Capital @BwkCapital]

Andrew Clyde is the best CEO you've never heard of. $MUSA

[BWK Capital @BwkCapital]

@InnocenceCapit1 You have too high of an IQ to invest in gas stations. This is low-IQ investing, my specialty.

[BWK Capital @BwkCapital]

@DeadX93804 @TidefallCapital In fairness, I am not aware of any “dumping” of any of these stocks. The individuals who tweeted about these stocks are still heavily invested, I am not aware of a single share that has been sold. Stock performance notwithstanding, this is an unfair/inaccurate characterization.

[BWK Capital @BwkCapital]

@DavidKillion4 @sinstockpapi Vaping is not nearly as close of a substitute for cigarettes as IQOS - very different experience. Also, to the extent you do switch someone from cigarettes to vaping the economics are dramatically worse. $BTI needs cigarettes more than $PM.

[BWK Capital @BwkCapital]

@sinstockpapi $PM has an aggressive (and credible) plan to convert smokers to IQOS at improved economics. Banning cigarettes accelerates their plan as smokers are forced to find alternatives. $BTI loses as they have no credible alternative for cigarettes - their customers become IQOS customers

[BWK Capital @BwkCapital]

$FNV: "We try and avoid having long-term debt through the cycle...we put a premium on having financial flexibility over the benefits you get from financial leverage."

This is the right philosophy...the next few years are going to be rough for over-levered companies.

[BWK Capital @BwkCapital]

Over the last 2 years, as the 10-year has gone from 1.3% to 4.5%, the S&P 500 has produced a 2.65% total return. Fight the Fed.