VALENCIAN BAT CAPITAL

Private investor & Msc structural engineer. Lover of learning 》 hard work 》hard saving 》owner excellent long-term businesses 》freedom of conscience.

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

@ColubeatID Link to road condition information:
https://t.co/rkA1fG8cxz

And you will be able to find several links similar to these for each area to check the status of the roads:
https://t.co/7pBSwBriPx

A lot of lime consumption there! Congratulations on the thesis!

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

@ColubeatID And they still face issues with JCP and CRCP pavement types (10%). Additionally, there are the renovations of older roads that, due to industrial growth, now endure much heavier traffic. All of this is compounded by a State that has grown horizontally rather than vertically.

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

Bruce Flatt already called it back in April 2025: 'If I tell you, you should buy Google'. The stock is up over 130% since then. $BN $GOOG 😉

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

$BN $GOOGL

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

Alphabet's latest move is textbook capital allocation:
-Issue $80B in shares at near-ATHs & premium multiples.
-Achieve maximum institutional credibility, with Berkshire Hathaway $BRK backing 10 billion dollars.
$GOOGL

[Sawyer Merritt @SawyerMerritt]

My 75-year-old mom’s FSD usage rate since taking delivery of her 2026 Model Y three months ago.

[ADHD Capital LLC ™ @ADHD_Capital]

Imagine getting to buy $APO led by this credit mastermind at 12x normalized EPS growing mid teens annually.

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

$SES.TO SECURE shareholders have overwhelmingly voted in favour of the transaction.

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

Abrams Capital now owns 10% of the shares of https://t.co/ptulgHLtTl
"The firm does not believe that the Arrangement is in the best interests of SECURE and its shareholders and intends to vote against it".

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

Hace un par de semanas construí una posición del 3.5% de mi portfolio en $RLI Corp. Y como tenía la tesis muy fresca, y he tenido unos días libres, me decidí a compartir mi visión. 🧐

[Kevin Carpenter @kejca]

Warren Buffett: "[BNSF Railway] is going to be around for 100 or 200 years."

"If the American economy prospers, the business prospers. The biggest thing is that the United States is going to do well. We can't move the railroad to China or India."

[Kevin Carpenter @kejca]

Brookfield CEO Bruce Flatt on data centers in space.

"I think eventually that will happen. It makes more sense, instead of bringing power back [to Earth], to bring compute back. It makes sense. It's just going to be a while."

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

17th Annual Gabelli Omaha Value Investor Conference
7:40 Capital allocation process at $MKL
13:10 AI will be of great help to businesses that AI itself cannot replace. For example, those based on physical laws, like railroads
17:35 Stock selection process
https://t.co/uI5HDPqKOq

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

@AccionEAFI Creo que es muy claro. "Buyers looking for solid assets are moving back from software to real assets like these. Given all the drama in the news over the last 5 years, I will repeat that comment". 😅

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

"Buyers looking for solid assets are moving back from software to real assets like these. Given all the drama in the news over the last 5 years, I will repeat that comment". Bruce Flatt. Q1 2026 Earnings Call. $BN

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

$BN's Counter-Cyclical Investment & The Halo Effect:
-Built Two Manhattan West at a cost of $1,000 psf (at the depths of COVID in 2020)
-Constructing it today would cost $2,500 psf
-Newest lease signed at ~3x initial rents
-5.5% refinance netted $400M cash via asset appreciation

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

$BN's Counter-Cyclical Investment & The Halo Effect:
-Built Two Manhattan West at a cost of $1,000 psf (at the depths of COVID in 2020)
-Constructing it today would cost $2,500 psf
-Newest lease signed at ~3x initial rents
-5.5% refinance netted $400M cash via asset appreciation

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

https://t.co/Qxl6vCVzQ8

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

Q1 2026 Letter to Shareholders. $BN. As always, a must-read.
"In the short term, price of an asset is influenced by sentiment and narratives. Value is determined by the cash flows a business generates and the ability for management to reinvest capital at attractive returns".

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

"U.S. apartment construction starts declined to approximately 55,000 units nationwide in the first quarter of 2026, a 73% decrease from the peak reached in early 2022 and the lowest quarterly level since 2011". $MAA $CPT

https://t.co/owaNnnEGlr

[Adam Wilk @AKWilk]

Greystone recently sent the attached letter to the Board and Special Committee of SECURE Waste Infrastructure Corp. $SES.TO opposing the proposed acquisition by GFL Environmental $GFL.

We believe the current offer materially undervalues SECURE, arrives at the wrong point in the company’s trajectory, and transfers too much future upside away from long-term shareholders.

Full letter below.

Disclosure: Greystone Capital and/or its clients own shares of SECURE Waste Infrastructure Corp. This reflects our opinion as of today and is not investment advice or a recommendation. We may change our position at any time without notice.

https://t.co/LDIfUv8Xhc