Surinder Capital

Sr Analyst at very fancy hedge fund (TMT L/S). Standup comedian. ex-McK, ex-Taco Bell. Views my own.

[Surinder Capital @SurinderCap1tal]

@P_Remarks To be more specific: It dropped 15% first (AH) because everyone was anticipating that retail was actually highly profitable (bull case at the time). It was not, and so the knee jerk was lower, only to reverse when ppl realized AWS was actually a total juggernaut.

[Surinder Capital @SurinderCap1tal]

@HedgeyeComm @buccocapital Hard time believing enough work moves fast enough, that such that digital collaboration tools need not exist. Today 0.1% of work is done by agents…in 3 years maybe it’s 3%? Many still need a unified view of who’s, what, by when. 1.5x ARR says they’re going away fast

[Surinder Capital @SurinderCap1tal]

@Crussian17 @OnodaCapital Adding ~$500M of net new YoY. If they keep that number close next year this is ~$2B, 30% FCF, growing 33%, trading at ~4x.

If you don’t want to own any of this go ahead and say so but starting to feel like the guys who couldn’t own COST or TGT or ROST 10yrs ago. Plain wrong.

[Surinder Capital @SurinderCap1tal]

@DarkoStateNews @biasedmsufan @OdellBretthamJr Now do UMs 16% acceptance rate. Accepting a much smaller % from an even more qualified applicant pool is a clear indication of academic selectivity. Michigan is the #20 university in the country and MSU is #64 (US News). This isn’t a complicated situation.

[Surinder Capital @SurinderCap1tal]

@LaneB7777 @MarcoFoster_ You are aware of the … actual inspections that occurred… 20 of them by the International Atomic Energy Agency? No? Or the uranium that they actually shipped to Russia? All this was undone when Trump pulled out in 2017. And now… here we are. #winning

[Surinder Capital @SurinderCap1tal]

@P_Remarks @sinstockpapi Realizing now this just a list of shorts.

[Surinder Capital @SurinderCap1tal]

@Rebrand_As_Y @longshortlalo @sinstockpapi I’ll just leave this here:
$SHAK >100x P/E
$WING >100x P/E
$CMG >50x P/E

[Surinder Capital @SurinderCap1tal]

@MaxWeisenstein @DarkoStateNews I hear this retort often. Always some obscure program like Bovine Science. UM Engin is top 5 nationally. Glad you made the right choice but “no one at MSU even applied” is absurd. 80% of those who apply to UM don’t get in, and many land at MSU as the next best in-State school.

[Surinder Capital @SurinderCap1tal]

@Droppingballss @stateofMIman @DarkoStateNews Specifically referring to this part: “You’re the only fan base that belittles the quality of your rival’s education without actually attending the school.” Doesn’t seem ambiguous that “without attending the school” is the qualifier.

[Surinder Capital @SurinderCap1tal]

@Cenobiteisright @DarkoStateNews Yup. Happy to pick a number on any bet you’d like. Pretty flattering you think so highly of the school’s academics that I would lie about it. Michigan BBA (Ross) ‘08. Even one of the fancy programs!

[Surinder Capital @SurinderCap1tal]

@P_Remarks I literally laughed out loud reading that one. Of course if you can’t grow more than 20% you’re doomed to a single digit FCF multiple.

[Surinder Capital @SurinderCap1tal]

@GlockMaster6 @Lederacher @KobeissiLetter @grok It’ll unlock about 10x that amount in frozen funds. So you’re correct about that part.

[Surinder Capital @SurinderCap1tal]

@John_Hempton You’re short software that is basically being long semis.

[Surinder Capital @SurinderCap1tal]

@JaredSleeper At some point the telecom hooks, integration know-how, and sticky customer book likely worth a lot to someone who has great AI tech but lacks the distribution and hard won experience building & integrating the full voice CX stack. FIVN much more valuable to a buyer than alone.

[Surinder Capital @SurinderCap1tal]

@ReesePolitics He’s going to issue more stock ATM: not that hard actually, but probably doesn’t want to say it out loud and issue at $20 instead of $25.

[Surinder Capital @SurinderCap1tal]

@katyperry (Waiting for anyone to look up the age of consent in Canada)

[Surinder Capital @SurinderCap1tal]

@ChairliftCap I was skeptical 3 months ago, neutral 6 weeks ago, but the data is just relentlessly positive NTM (capex going up, capacity booked thru ‘27, older GPU pricing going UP, NVDA/AVGO demand relentless). Harder to not believe. net exposure lower than months but debating ripping it

[Surinder Capital @SurinderCap1tal]

@Thomus0x @marketplunger1 How do you think people valued AMZN and NFLX when they were losing money? Those of course, turned out horribly. Sales multiples express an expectation of future margins. It’s not hard.

[Surinder Capital @SurinderCap1tal]

@TechFundies Although admittedly this isn’t really an investing style but I would bucket into narrative regime investors — most similar in DNA to earnings revision guys but different trade.

[Surinder Capital @SurinderCap1tal]

@TechFundies There’s also shorting on narrative shifts — even when numbers aren’t coming down, you may have deceleration + a boogey = severe multiple compression. Prime example is $IGV. These companies aren’t missing the beats are just less inspiring and AI narrative it too hard to ignore.