Horneterm

[Horneterm @Horneterm]

I graduated from HARVARD and MASSACHUSETTS online schools.

I read 50+ books in the last 3 years on bookkeeping and economics.

Now I have looked into #MTRN stock, and it is highly OVERPRICED!

Here is my research to prove it...

ꙮ Materion Corporation - makes high-performance speciality metals, so it is a producer business model. And it is a capital-intensive production.

ꙮ Profit to Turnover Ratio
Operating Income: $118,785k
Total Revenue: $1,916,044k
Ratio = 6.2%. Which is moderate but not particularly strong for a materials manufacturer...

ꙮ Inventory turnover
Cost of Revenue (2025): $1,477,924k
Inventory (12/31/2025): $461,231k
Stock Turn = 114 DAYS of inventory on HAND. HOW this business made it out from 1940 is crazy to me.

On the other hand

ꙮ Working Capital
Current Assets: $789,520k
Current Liabilities: $253,583k
Working Capital = $535,937k is substantial relative to current liabilities (~211% coverage)
And working capital has been trending upward, which suggests improving liquidity and operational health.

ꙮ Cash position:
End Cash Position (2025): $13,681k
Operating Cash Flow (2025): $103,243k
Free Cash Flow (2025): $23,676k
The company generates positive operating cash flow, which supports the healthy working capital position.

ꙮ Conclusion
Materion is financially stable and profitable, but recent valuation gains lack fundamental support from its books.

So please don't buy $MTRN rn, not the best time

[Horneterm @Horneterm]

https://t.co/HpXkN6A5Ff

[Horneterm @Horneterm]

I finished HARVARD and MASSACHUSETTS online courses.

I read 50 books in the last 3 years on bookkeeping and economics.

Here is the research on Wayfair....
Unprofitable yet ★GEM★

Wayfair is a furniture e-commerce company. Let me break down the numbers:

ꙮ Profitability
Profit Before Tax / Revenue = -298k / 12,658k = -2.35%
Currently unprofitable, BUT trust the process. The real story is different.

ꙮ Gross Margin
Gross Profit / Revenue = 3,808k / 12,658k = 30% ✓
Business is actually healthy. Losses come from debt servicing, not operations.

ꙮ Inventory Turnover
Cost of Sales / Inventory = 8,850k / 71k = 124x per year
They sell and replace inventory every 3 days. THIS IS ACTUALLY INSANE.

ꙮ Collections
Total Receivables / Revenue × 365 = 240k / 8,850k × 365 = ~10 days
They get paid in 10 days. No bad debt problems. It is SUPER important for a merchant business model like this.

ꙮ Cash Cycle
Inventory cycle (3 days) + Collections (10 days) = 13 days
With 30% gross margin on a 13-day cycle = EXCELLENT working capital model.

ꙮ Improvement Trend
2022: -$1,331M loss
2023: -$738M loss (-44%)
2024: -$492M loss (-33%)
2025: -$313M loss (-36%)
Losses shrinking 36% per year on average.

ꙮ Conclusion
Wayfair has:
✅ Strong 30% gross margins
✅ 124x inventory turnover (dropshipping model)
✅ 10-day payment collection
✅ 36% annual loss improvement
❌ Only problem: $4.3B debt

Once they pay down debt, this business will be highly profitable. This is a turnaround story.

Just bought $10K of W shares. Will update as results come in.

[Horneterm @Horneterm]

I graduated from HARVARD and MASSACHUSETTS online schools.

I read 50+ books in the last 3 years on bookkeeping and economics.

Now I have looked into #MTRN stock, and it is highly OVERPRICED!

Here is my research to prove it...

ꙮ Materion Corporation - makes high-performance speciality metals, so it is a producer business model. And it is a capital-intensive production.

ꙮ Profit to Turnover Ratio
Operating Income: $118,785k
Total Revenue: $1,916,044k
Ratio = 6.2%. Which is moderate but not particularly strong for a materials manufacturer...

ꙮ Inventory turnover
Cost of Revenue (2025): $1,477,924k
Inventory (12/31/2025): $461,231k
Stock Turn = 114 DAYS of inventory on HAND. HOW this business made it out from 1940 is crazy to me.

On the other hand

ꙮ Working Capital
Current Assets: $789,520k
Current Liabilities: $253,583k
Working Capital = $535,937k is substantial relative to current liabilities (~211% coverage)
And working capital has been trending upward, which suggests improving liquidity and operational health.

ꙮ Cash position:
End Cash Position (2025): $13,681k
Operating Cash Flow (2025): $103,243k
Free Cash Flow (2025): $23,676k
The company generates positive operating cash flow, which supports the healthy working capital position.

ꙮ Conclusion
Materion is financially stable and profitable, but recent valuation gains lack fundamental support from its books.

So please don't buy $MTRN rn, not the best time

[Horneterm @Horneterm]

@legen_eth Very strong portfolio, will analyse VST next

[Horneterm @Horneterm]

@philarekt For real, did anyone check their books? Tesla lived only on data collection. What does SpaceX have?

[Horneterm @Horneterm]

I finished HARVARD and MASSACHUSETTS online courses.

I read 50 books in the last 3 years on bookkeeping and economics.

Here is the research on Wayfair....
Unprofitable yet ★GEM★

Wayfair is a furniture e-commerce company. Let me break down the numbers:

ꙮ Profitability
Profit Before Tax / Revenue = -298k / 12,658k = -2.35%
Currently unprofitable, BUT trust the process. The real story is different.

ꙮ Gross Margin
Gross Profit / Revenue = 3,808k / 12,658k = 30% ✓
Business is actually healthy. Losses come from debt servicing, not operations.

ꙮ Inventory Turnover
Cost of Sales / Inventory = 8,850k / 71k = 124x per year
They sell and replace inventory every 3 days. THIS IS ACTUALLY INSANE.

ꙮ Collections
Total Receivables / Revenue × 365 = 240k / 8,850k × 365 = ~10 days
They get paid in 10 days. No bad debt problems. It is SUPER important for a merchant business model like this.

ꙮ Cash Cycle
Inventory cycle (3 days) + Collections (10 days) = 13 days
With 30% gross margin on a 13-day cycle = EXCELLENT working capital model.

ꙮ Improvement Trend
2022: -$1,331M loss
2023: -$738M loss (-44%)
2024: -$492M loss (-33%)
2025: -$313M loss (-36%)
Losses shrinking 36% per year on average.

ꙮ Conclusion
Wayfair has:
✅ Strong 30% gross margins
✅ 124x inventory turnover (dropshipping model)
✅ 10-day payment collection
✅ 36% annual loss improvement
❌ Only problem: $4.3B debt

Once they pay down debt, this business will be highly profitable. This is a turnaround story.

Just bought $10K of W shares. Will update as results come in.

[Horneterm @Horneterm]

@0xSpecter_ LFG

[Horneterm @Horneterm]

@Jackson060293 @PythNetwork good stuff!

[Horneterm @Horneterm]

@Aleksei_jdi Good update

[Horneterm @Horneterm]

@Akanksha_as17 Btc makes a move!

[Horneterm @Horneterm]

@glade1579857 @SleeplessAI_Lab @gensynai Next Gen!

[Horneterm @Horneterm]

If you liked my thread

Please give a Follow & Like & Comment

https://t.co/Vij8H1JDfv

[Horneterm @Horneterm]

You are behind if you don't know about this

Arbitrage bots are scam.

What I have is BRILLIANT!..👇🧵

[Horneterm @Horneterm]

You are behind if you don't know about this

Arbitrage bots are scam.

What I have is BRILLIANT!..👇🧵

[Horneterm @Horneterm]

5/ No bots. no backtesting. no autopilot.

Every trade is you, on a hotkey, with full key custody (AES-256-GCM, decrypted only at use).

It's a cockpit, not an autopilot. If you trade cross-exchange manually, this is the tool.

[Horneterm @Horneterm]

@kudrichonchain thank you! This will definetly improve the game

[Horneterm @Horneterm]

I have made 10K$ with arbitrage last month, but it seems that I could have made a lot more if there was an interface for it.

➷ Right now, I am developing an app where you will operate solely on API keys - so no connectivity errors.

➷ You will have the same buy/sell interface for all exchanges - quality of life change

➷ You will be able to trade and switch between exchanges using your set of hotkeys - extra speed buff for order/position management.

➷ Price spread calculators, funding trackers, simultaneous orders execution, and so much more are coming!

Starting my vibecoding journey. Congrats to me! Hehe.

Oh yeah, the name of the app will be NexTerm. If I see anyone take this handle before I do - fuk u

[Horneterm @Horneterm]

@Kris_b0t I have alert bots that ping me on every price deviation between SPOT-FUTURES and FUTURES-FUTURES. And as soon as I get an alert - I load up this app

[Horneterm @Horneterm]

@maybachxbt @ipdotworld @brainrotmanager oh yeah