Zion Research Group

We do accounting and tax research. In our free time, we're all about the pizza research

[Zion Research Group @ZRGResearch]

Referring to the Hy-Five hyperscalers: Zion Research Group founder David Zion says, “analyst depreciation estimates for each of these companies are all over the place.” He says that the “consensus D&A estimates could be systematically understated.”
https://t.co/bW1z4UC0sj

[Zion Research Group @ZRGResearch]

Yo @djkhaled, if you ever find yourself sitting courtside at another @NBA Finals game (maybe tonight at MSG) and u still can't put down your phone 🤯, we suggest something more stimulating than watching people microwave squishy toys, like our piece on SBC tax headwinds

[Zion Research Group @ZRGResearch]

The Hy-Five hyperscalers plan to spend nearly $750B on CapEx this year alone. That mind-boggling # is even more than the cost of @nyknicks tix tonight at MSG! The impact of all that spending on earnings is the focus of our new piece Depreciation Appreciation.

[Zion Research Group @ZRGResearch]

Big game tonight, @nyknicks fever is in the air: the energy, the excitement, the people sitting courtside staring at their phones during the action 🤯 To enhance your pregame, check out the latest ZRG Watch(out)list, its at an all-time low as the market hits new highs!

[Zion Research Group @ZRGResearch]

Every time we read about the "strength" of tech cash flow, we hear a little voice inside our head, it's Rocky Balboa saying tech cash flow "ain't so bad!" if driven by financial engineering. See Big Tech Free Cash Flow: Fueled by Financial Engineering?
https://t.co/G8OP7IGwOm

[Zion Research Group @ZRGResearch]

Looking to keep warm as temps plummet 🥶? Try curling up with a comfy blanket, ☕️and the new & improved tax footnote from your favorite 10-K (doubles as a hot water bottle). For more, check out: Tax Transparency? A First Look at the New Tax Disclosures
https://t.co/SLG6fgMKzd

[Zion Research Group @ZRGResearch]

"Some banks have been notably adept at timing repurchases. Over the 10 year ended Sept. 30, Goldman Sachs and Morgan Stanley each generated 22% annualized rates of return on the shares they bought back, according to Zion Research Group."
https://t.co/A3i6TqZgYP

[Zion Research Group @ZRGResearch]

"Zion, founder of Zion Research Group, says investors evaluating the quality of a company's cash flow 'are like judges at a bodybuilding competition: How much credit do you give a company for taking financial-engineering steroids?'"
https://t.co/cEq4tVfSjW

[Zion Research Group @ZRGResearch]

"Shareholders in the tech companies are struggling to adequately gauge the risk of the AI investments. That's in part because companies disclose very little about their experience using chips, said Ravi Gomatam, co-founder of Zion Research Group..."
https://t.co/bKGEdzX7Gi

[Zion Research Group @ZRGResearch]

You better watch out, you better not 😭 (even if a name you own shows up on our list), better not pout, I'm telling you why, the ZRG Watch(out)list (and its underperformance) is coming to town. It has a lucky 13 names with 🚩 we are keeping an 👁️ on.

[Zion Research Group @ZRGResearch]

Scrambling to find that last-minute gift? Looking for a conversation starter around the holiday table (or ender for that crazy uncle of yours)? Try some #accounting research, like our latest piece Supply Chain Finance: Greasing Corporate Cash Flow https://t.co/llN7abgb7M

[Zion Research Group @ZRGResearch]

Looking for a more neutral take on the @nvidia accounting debate? Check out our latest piece, where we examine NVDA's response & @michaeljburry claim that focused on stock-based comp and buybacks.
https://t.co/oNvf6K9fod

[Zion Research Group @ZRGResearch]

Excited about underperformance? We are! As the stock market keeps hitting new highs the ZRG Watch(out)list continues to underperform 👍, that's a good thing for a list of names we're concerned about. Check out the latest edition, a lucky 13 names with🚩 we are keeping an 👁️ on.

[Zion Research Group @ZRGResearch]

A lot happened since our estimates of the #OBBBA's impact on FCF: @coldplay kisscam, @Giants 1st team since 40s to open 3 straight seasons w/o a TD and companies began discussing #OBBBA. Expect to hear much more soon (3Q), are you ready? See the latest in our big beautiful series

[Zion Research Group @ZRGResearch]

"More cash in the company's pocket. Less cash in Uncle Sam's pocket. That in theory should be good for investors," said David Zion, founder of @ZRGResearch and a longtime 👴accounting and tax analyst.
https://t.co/czpscmwgfk

[Zion Research Group @ZRGResearch]

To get ready for tonight's @nyknicks game watch Patrick Ewing's putback dunk in '94 (I was there, in the last row) and check out the latest ZRG Watch(out)list, 13 names with🚩we are keepin' an 👀on
https://t.co/qhqSTlV8b0

[Zion Research Group @ZRGResearch]

Yesterday, on National Dance Like a 🐔Day, @WaysandMeansGOP advanced the biggest #tax bill ever! Lots of stuff in it: repeal excise tax on indoor tanning (wonder why?), plus corporate tax proposals like upfront expensing of R&D, the 2nd topic in our big, beautiful series.

[Zion Research Group @ZRGResearch]

Struggling to get your mind of #tariffs? Relaxation techniques: yoga, meditation, rooting for the @nyknicks not working? Try #taxes instead! We kick off our big, beautiful series of pieces on the upcoming tax bill with full expensing of #capex.
Go NY, Go NY, Go!

[Zion Research Group @ZRGResearch]

The useful life of @Meta #AI servers went 🆙, Ravi Gomatam of ZRG says: "While there may be legitimate reasons to extend the server life based on their actual experience, it also decreases the depreciation in the short run and improves the bottom line"
https://t.co/IsqcR0bwks

[Zion Research Group @ZRGResearch]

Commenting on Strategy's (the company formerly known as @MicroStrategy) exposure to the 15% corporate AMT, Dave Zion said "unless they get some relief from the US Treasury, they could be looking at a pretty nasty #tax bill"
#Bitcoin
https://t.co/q6LISvuaq1