HAL Research

thoughts on technology and business

[HAL Research @HALResearch]

@giacobocanegra The forward price / earnings multiple on $LX is laughable.

[HAL Research @HALResearch]

Revisiting $UMG as an investment idea. All below remain true, apart from the drawdown. It’s now down ~50% from its all time highs. Might make it a double digit percentage holding in the coming weeks. Too cheap to ignore.

[HAL Research @HALResearch]

A royalty on the world’s most streamed artists.

$UMG is down 35% from its highs.
Still trading on Euronext.
Still locked out of S&P 500 flows.
Invisible to most US institutions.

None of these are permanent problems.

This isn’t a broken business.
It’s a mispriced one.

[HAL Research @HALResearch]

@torovictorioso @eddie_beach3697 Any credible source for this?

[HAL Research @HALResearch]

@eddie_beach3697 @torovictorioso That’s doesn’t make it less true? Snapcash was discontinued. No signs of $SNAP reigniting the digital wallet strategy whatsoever.

[Snap Investor @SnapInvestors]

$SNAP Map has so much potential. Imagine the ad revenue generation for ‘promoted places’ if they’d put more work into it.

Adding ‘now playing’ and ‘safe arrival’ improves usability.

In-app reservation and ticket integration for example would be great as (new) features.

[HAL Research @HALResearch]

@Jack64128896 That’s exactly when the memory storage grace periods ends. Expecting this will increase $SNAP + subscriptions dramatically. This is also the main thing the market seems to miss. It’s just too obvious.

[HAL Research @HALResearch]

$TSLA x $SPCX merger incoming…

[Evan @StockMKTNewz]

Elon Musk will be on CNBC in the next hour to talk about Tesla $TSLA and SpaceX $SPCX

[HAL Research @HALResearch]

@EquityBrian Will be multiples of US economy in a couple of years.

[HAL Research @HALResearch]

@torovictorioso Coins don’t serve any purpose, other than to enriching issuers.

There’s really no utility.

[HAL Research @HALResearch]

@EquityBrian That’s the only argument? $JD is far superior as a business, trading at significantly lower valuations.

[Mr Moggington (mog/acc) @TokenFundament1]

$SNAP has solved spatial computing
$META solved AI slop

[HAL Research @HALResearch]

If @evanspiegel truly believes @specs is this iPhone moment, why isn’t he buying stock hand over fist right now.

Instead he’s been selling shares for years on end, not signaling any belief in $SNAP.

Would be a strong signal to the market. Just like @elonmusk did for $TSLA.

[HAL Research @HALResearch]

If @evanspiegel is willing to bet the future of the company on @specs, this is the moment to buy some shares on the open market to signal confidence.

$SNAP is in free fall. At this valuation, I can’t take him seriously when he keeps selling shares.

[Axios @axios]

Snap CEO says Specs are a bet on a shift back to in-person connection https://t.co/MxiuVFEaaK

[HAL Research @HALResearch]

Af this point $SNAP should just cancel the Specs release. Stock would be up 30%+ on that announcement alone. Follow the @IrenicCap playbook and be back to $20 a share by 2027.

[Wall St Engine @wallstengine]

$META is launching its 1st smart glasses under its own brand, moving below Ray-Ban pricing with $299 Adventurer & Fury models. $80 cheaper than the latest Ray-Ban Meta Wayfarer. Also launching a $399 Kylie Jenner Starfire model, while EssilorLuxottica will manufacture the glasses

[Jamesborow @JamesBorow]

Marketing budgets run on perception and performance. The @specs meme creates a narrative that @Snap has lost the plot and will do more damage than just the stock hit. The irony is that @Snapchat has ~1B MAUs. Painful to see a hardware bet crush a generational consumer platform.