James Waugh

Long time listener first time caller

[James Waugh @TheJamesWaugh]

@rja907 You’ve been right over the last 5 years! Personally hoping they’ve finally caught up to their valuation. Enjoy the trip man

[James Waugh @TheJamesWaugh]

@rja907 Kind of surprised you don’t already. I feel like Kaspi is a young Meli

[James Waugh @TheJamesWaugh]

@ReneSellmann The reddit Wise page is full of people complaining that they were locked out of their accounts and then in the comments they usually confirm they misreported their address or something similar

[James Waugh @TheJamesWaugh]

@pernasresearch You might have already seen this article from last October but I only recently found it. It’s very positive overall of the authors experience with the procedure and results.

https://t.co/VCXO4TYOvA

[James Waugh @TheJamesWaugh]

@shravanrayhaan @grok Negative 4.5 to positive 5.5, they're just hitting their profitability inflection

[James Waugh @TheJamesWaugh]

In celebration of $SOFWF finally catching a new bid today, here's Sofwave's usage revenue broken out by quarter which I haven't found easily elsewhere. 4Q25 showed a reacceleration to 83% YoY growth.

$SOFW

[James Waugh @TheJamesWaugh]

@shravanrayhaan @grok Well yeah they have a high PE now after running up 70% YTD. But in their first full year of profitability they went from -$4.5M in 2024 to $5.5M in 2025. They'll hopefully do almost $50 M in pulse sales next year so still roughly 10.5x EV to 100% gross profit pulse sales

[James Waugh @TheJamesWaugh]

@shravanrayhaan The management is world class in the industry (from what I've read). The Kardashians have frequently posted about the technology on social media w/o any sort of brand deal. Growing fast and improving margins due to increase of those credits.

[James Waugh @TheJamesWaugh]

@shravanrayhaan They're the latest and greatest technology in skin tightening aesthetics market which has tailwinds from GLP and wealth effects. Razor and blades model where the machine treatments consume "credits" which are near 100% gross profit "recurring" revenue.

[James Waugh @TheJamesWaugh]

@shravanrayhaan Yeah I'm always impressed with Coupang from a consumer standpoint but was quite disappointed with their latest quarter if that's what you're referencing. Giving them some time to recover from the PR issue. Do you have thoughts on the company?

[James Waugh @TheJamesWaugh]

I don’t own enough $CPNG

https://t.co/KNA3z0okMl

[James Waugh @TheJamesWaugh]

@shravanrayhaan Sofwave but yes

[James Waugh @TheJamesWaugh]

@AndrewDBailey The play in is okay

[James Waugh @TheJamesWaugh]

@jkbjournalist @PhillyInquirer You fucking rock @jkbjournalist

[James Waugh @TheJamesWaugh]

@ReturnsJourney @MikeFritzell Beat me to it

[James Waugh @TheJamesWaugh]

@CapexAndChill Kazakhstan growth alone makes it intriguing imo, regional expansion is just added optionality

[James Waugh @TheJamesWaugh]

@OnlyCFO @Brian_Stoffel_ Seconding some other responses I’ve seen, which vendors have you gotten concessions from so far?

[James Waugh @TheJamesWaugh]

@BigBearBummers Four price drops in one month??

[James Waugh @TheJamesWaugh]

@fivepointscap @e_commerce_king Not a sales pitch but it’s like if Meli started with the financial products before expanding to marketplace. Obviously it’s a much smaller market size (currently 🤞) but KZ itself is a growing market and they’re expanding geography. Plus more net income than $SE and $MELI in 2025

[James Waugh @TheJamesWaugh]

@mathlonning Not specific to this tweet but just curious, what price would be compelling enough for you to sell your shares if it were offered today?

[James Waugh @TheJamesWaugh]

@fivepointscap @e_commerce_king Not really in the same level of discussion, but have you ever looked at Kaspi? I’d be curious to hear your thoughts. $KSPI

[James Waugh @TheJamesWaugh]

@mario_cibelli Cheer to that! Thanks for your thoughts Mario