SMBoperator

[PhotonBull @PhotonBull]

They are giving you a discount on the best space names ahead of the largest IPO

Is this free money or am I crazy?

$RKLB $ASTS $SATS $PL $FLY $SPCX $NASA

[Lance Lambert @NewsLambert]

The average 30-year fixed mortgage rate today: 6.37%

Same day last year: 6.24%

----------------------
10-year Treasury yield: 4.14%
Spread today: 223 bps

[Lance Lambert @NewsLambert]

WILD volatility.

The 10-year Treasury yield has jumped up around 40 bps since the Sunday night low.

[SMBoperator @SMBoperator]

@CREGraveDancer @dollarsanddata The ones that don’t perform at a high level lower the life expectancy of their employees

[SMBoperator @SMBoperator]

@nickywonka Would love to see it. Thanks!

[SMBoperator @SMBoperator]

@notlouisck Anyone having 4 or more kids is exempt from paying federal income taxes for life.

[SMBoperator @SMBoperator]

@Sam_Rosati A common example seen on multiple deals: CIM shows FY24 projections of X. Receive the actual TTM 9/30/24 number which is down 20%.

This results in seller being attached to the original bid, broker pissed off for looking dumb, and buyer wasting time and resources.

[SMBoperator @SMBoperator]

@Sam_Rosati Forcing you to bid off of little or no data is the first problem. Getting underLOI to find out there was little to no work done vetting or preparing financial data is the bigger issue.

[SMBoperator @SMBoperator]

@bowtiedfarmer This one hits home. I started with two hives initially because I was concerned about handling too much the first year. I made every rookie mistake possible and failed to make it through the first winter. 3+ is the only way to be successful.

[SMBoperator @SMBoperator]

@AdamMarkleySMB @ClintFiore Call it returns, cash flow, risk, or profit; at the end of the day, paying 5x SDE on a sub-$1 million business doesn’t leave enough money in the bank

[SMBoperator @SMBoperator]

@commbankerguy @CorpusCol The worst are the wave of new managers between the ages of 57 and 65 who get promoted because they are deemed to be "safe". Their successful peers have retired, giving them the opportunity. Many of them are low-IQ individuals who lack the social skills required to be leaders.

[SMBoperator @SMBoperator]

@brandonadixon Until it is signed, assume your LOI will serve as the basis for the next bid.

[Lance Lambert @NewsLambert]

JEROME POWELL: THE FED CAN'T FIX THE BROKEN HOUSING MARKET—THE MARKET AND GOVERNMENT WILL NEED TO DO SO

"The real issue with housing is that we have had, and are on track to continue to have, [is] not enough housing" Powell says
https://t.co/Fq1X1RafEU

[SMBoperator @SMBoperator]

@LisaGForrest I never understood the math on the <10% cash equity SBA deals. They need 8 rate cuts next year.

[SMBoperator @SMBoperator]

@Eli_Albrecht There has to be a better way for both buyers and sellers.

[SMBoperator @SMBoperator]

@Eli_Albrecht Brokers overpromise buyers price in order to secure mandate. As a result, the seller has inflated price expectations.

Buyers are overbidding to reach the absurd asking price, but they have no intention of paying it. Buyers obtain exclusivity in order to negotiate a lower price

[SMBoperator @SMBoperator]

@SMBfugazzi Broker: we have 35 other bidders all over $40mm.

[SMBoperator @SMBoperator]

@SMBfugazzi I have been asking the same question recently. I wonder how many of those deals actually get done.

With today's interest rates, you can't put that much leverage on an 8x deal, and if someone had the capital to invest outright, they wouldn't settle for that kind of return.