Ongun

Luckiest man alive. Retired Professional Poker Player.

[Ongun @RealWayneDaBang]

@finance_schmidt Current mcap seems like fair value to me giving current growth outlook. Even when factoring in a successful cost cutting campaign. Company needs growth to achieve rerating.

[Ongun @RealWayneDaBang]

@finance_schmidt Appreciate these hints. That’s a good direction.
Tried to get at this: Say they are very successful and fast in cost cutting and can generate 2mm of EBITDA NTM. If there’s only low single digit growth going forward, no one will pay more than current mcap for that.

[Ongun @RealWayneDaBang]

@finance_schmidt Not necessary to add new sales rep right now. I mean strategy rather than execution. What’s the plan for growth after they are done cutting costs? How accretive will future growth be to bottom line? Realistic expectations here and start of execution next year would be great.

[Ongun @RealWayneDaBang]

@david_katunaric I stopped reading all pitches beginning with or otherwise containing the words critical bottleneck

[Ongun @RealWayneDaBang]

@DadInvest German here. Don’t think most Germans would put it that way. Much more prevailing opinion is that Americans have gone mad and can’t be trusted with electing responsible administrations anymore. Current administration is predatory and will throw anyone under the bus for a buck.

[Ongun @RealWayneDaBang]

@bryanrbeal Should be normalized for age. Europe‘s population is much older.

[Ongun @RealWayneDaBang]

@pernasresearch At current levels they will dilute share count by 20%, if it is on par with last year and there are no cuts.

[Ongun @RealWayneDaBang]

@AKWilk How will a company that’s proud of their 2 for 1 programm for glasses reach those levels of profitability? That’s a mystery to me.

[Ongun @RealWayneDaBang]

@Michigan_Value Management is missing guidance every fucking quarter. If you don’t have a clue what your revenues will be, don’t issue guidance man, and obviously it’s a shitty business, since they don’t have pricing power.

[Ongun @RealWayneDaBang]

@evfcfaddict So far, their promised EBITDA growth of double digit CAGR from 2023-2027 hasn’t materialized. So, they must forecast significant growth ahead? It also seems like they pulled the slide with 2027 EBITDA estimates from their most recent investor presentation.

[Pernas Research @pernasresearch]

Poker & Investing

Having spent an inordinate amount of time in both realms, I feel qualified to comment on the lessons I’ve learned in poker that are massively helpful in investing.

Would really appreciate a retweet, especially if you have poker players following you.

Huge thanks to my poker pro friend Jacob Miller for reviewing this. (1/n)

[Ongun @RealWayneDaBang]

@gaborgurbacs Wait werent you the guy celebrating Victor Orban sabotaging every EU move against the Russians while leading his own people to be one of the poorest on a per capita basis in the EU, right? How come you celebrate this?

[Ongun @RealWayneDaBang]

@FluentInQuality 7832.T?

[Ongun @RealWayneDaBang]

@bp22 My amateur view:
US and Israel haven’t accomplished anything by killing current leadership. Iran is a theocracy with thousands of the same mullahs, who have learned, they can impose fees on ships in the Strait. If true, it’ll be felt most by Asian countries through energy ⬆️

[Ongun @RealWayneDaBang]

@MishGEA Didn’t mention Israel though

[Ongun @RealWayneDaBang]

@puppyeh1 At this point the conflict of interest are so apparent that Abercrombie shouldn’t be able to vote any of his shares. They also shouldn’t contribute to voting thresholds. They should just be disregarded completely. In any case he‘s cooked 👨🏻‍🍳

[Ongun @RealWayneDaBang]

@gaborgurbacs No they weren’t. They are in russias pocket. That’s all.

[Ongun @RealWayneDaBang]

@mikemcglone11 Saying other cryptos are copycats of BTC is like saying equity shares of other companies are dilutive to Apple shares. How do you get payed for „analysis“ this bad?

[Ongun @RealWayneDaBang]

@timevalueofbtc LOL if anything EU will get larger. Gold trades like USD is a shitcoin and no one wants to take on American debt anymore.