Trevor Scott

No politics, sports or social tweets.
Just investing.
Tweets are not investment advice.

[Trevor Scott @TidefallCapital]

Q3 2021 Letter $FFH.to
https://t.co/4kMHXlytCB

[Trevor Scott @TidefallCapital]

@JimPGillies yes I wouldn't take that bet either then

[Trevor Scott @TidefallCapital]

@nearcertainty1 @Gold_Mansack More than enough. $78 trillion in stocks and $51 trillion in fixed income. One IPO isn't going to destroy the market due to liquidity, we've already just seen this with SpaceX.

[Trevor Scott @TidefallCapital]

@ariaradnia i want that cheap price to book lol I'll never get it unless delinquent accounts jump

[Trevor Scott @TidefallCapital]

@CapitalJurassic or just issue less sbc

[Trevor Scott @TidefallCapital]

This is like when $LULU started selling deodorant and keychains.

[Matt McClintock @MattJMcClintock]

Why can't $NKE just go back to making great product? Why are they so stupidly focused on expanding into every possible category just to blow the brand out even more than it already has been blown out? What is next, a Taco Bell collaboration?

[Trevor Scott @TidefallCapital]

@RagingVentures perfect timing with the IPO too!

[unusual_whales @unusual_whales]

SoftBank signals it may slow its AI spending after a $7 billion loss

SoftBank is weighing a pullback from its aggressive AI investments after swinging to a $7 billion quarterly loss.

“It is only natural that there is some discussion now about waiting and seeing how things play out for a little while,” CFO Yoshimitsu Goto said.

[Trevor Scott @TidefallCapital]

@jimmyinvest I've done this a few times too

[Kip Johann-Berkel @BerkelKip]

Another example of Constellation Software's $CSU.TO operational (and capital allocation) chops: Sygnity $SGN.WA now has more net cash/sh (PLN 12.36) than what $TOI.V paid for their shares in May 2022 (when SGN was net debt). h/t @wlep

[Trevor Scott @TidefallCapital]

@joemccann fcf?

[Trevor Scott @TidefallCapital]

@Short2Dirt How do you value it?

[Trevor Scott @TidefallCapital]

-9% off $CSU.TO is wild

[Vancouver Island Guy 🌊 @VanIsleInvestor]

$CSU Constellation Software Q326

[Trevor Scott @TidefallCapital]

@GaryMarcus it will pop on day 1 and you can probably make an insane IRR?

[Trevor Scott @TidefallCapital]

@rcarrick @lejeunesimon

[Trevor Scott @TidefallCapital]

@3Plantey2 @JudeClimacus hes joking

[Trevor Scott @TidefallCapital]

@MustangMowww I don't think PEMS is going to be material to the company. Spin off is far more likely. The business is executing well, it seems to trade inverse to the nasdaq now.

[Trevor Scott @TidefallCapital]

$CSU.TO Maintenance and recurring jumped back from +2% to +4%.
Q3 Rev: +19%.
Likely $3b in deployments for 2026 vs $1.9b in 2025.
Every Q is just further evidence of zero AI disruption.
Thesis is playing out as expected.
Sit back, compound and wait for the FCF multiple rerate.

[Trevor Scott @TidefallCapital]

@WillBiddy_ It's great value but I think raising prices here is the wrong move and being done for wall street. The reality is that although services like Youtube aren't direct comps, Netflix competes for screen time, even hastings said that their biggest competitor is sleep.

[Trevor Scott @TidefallCapital]

@SukhGill__ thanks. luckily added to it on the oil pull back last week too

[Trevor Scott @TidefallCapital]

$GFR.to being taken out by $SCR.TO
This was our new add for Q3. Sad to see it go! Become a Tidefall LP and get access to our quarterly videos, featuring questionable production quality but some decent investment insights.
https://t.co/IDOgNYM6f3