Ex-Hedgie, Full-Time Compounding Dad

Former hedgie turned bedtime alpha manager || FCF ≥ chaos ||
Teaching long-term thinking in a short-attention world

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

👋 Welcome. I’m a former hedgie turned full-time compounding dad.

I post about:
– Fundamentals over FOMO
– Quietly stacking alpha (and Legos)
– Cash flow > chaos
– Equities, diapers, & dad jokes

Follow for long-term thinking in a short-attention world. 🍼📈

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@Mr_Neutral_Man Selling that upside call almost never worth the heartache it brings... save $20 in premium but lose flexibility and lots of upside. Fairly certain a 1 turn move in EBITDA is almost $200 these days $CHTR

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

$CCOI leverage kills.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@Mr_Neutral_Man @stockgutter @DalFornoCapital This response reads much better if you read the MF as something other than multi-family.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

Ugh. I hate that this is so accurate. Share count down 30% since original tweet. 1 spinoff completed. Adjusted for spins/divs think that the stock is still down a couple percent. Fries comp still chugging along.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

The year is 2030, $LBTYA CEO Mike Fries has just taken home his 17th consecutive year of $1b in total comp. One single share remains outstanding after two decades of relentless buybacks. It is jointly owned by Seth Klarman and Ted Weschler. The stock price stands at $15.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@ToffCap Thoughts on today's restructuring and preannounce? Basically 50% cheaper than Feb...

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@acidinvestments Seem to be a lot of ways for them to extract value from here...

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

Narrator: It was, in fact, a V-recovery.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

Market's down hard in a couple days.

Now’s not the time to panic.

Go over your favorite names and re-underwrite your theses. Pick your levels/valuations. Be ready to be aggressive.

Do this every couple weeks. Not sure it's going to be a V-recovery this time so be patient.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@SchmagoogalBZC The “news” was not news. Had been telegraphed for months.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

Zaslav! $WBD

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@acidinvestments still following $PCG? this price action off of CA Becker bill? any view on likelihood of passage in current form?

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@Mr_Neutral_Man @robertqking @irbezek $BWEL ?

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@Mr_Neutral_Man I’m honored. Can’t help thinking you have another list titled “great investors” though 🤣

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@AduenamCap Think they are going to significantly beat their 50% growth guide? My concern is the low margin nature of that procurement biz - hard to get a big multiple on a 7-8% gross margin.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@acidinvestments Seems to me. It’s a levered option. They need those payments and a lot of other things to go right. I am a tourist here though.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@Mr_Neutral_Man @Foulke_David And then there’s $DDS. GOAT trade by Weschler during COVID.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@Mr_Neutral_Man Still watching $BERY - now $AMCR?

You believe they can squeeze out the requisite 3% from resin suppliers to get to synergy targets? Seems doable.. hopefully the combined entity gets AMCR's valuation over time and not legacy BERY

Nice dividend while you wait.

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

Pace of buybacks about to ramp up significantly and lots of room on leverage target $CHTR

[Ex-Hedgie, Full-Time Compounding Dad @KashFlowDad]

@Mr_Neutral_Man Shouldn't tide turning lift all boats? Why $AMBP and not $CCK or $BALL? seems overcapacity finally coming to an end... $AMBP is levered equity