Anthony Afterwit

When art critics get together they talk about Form and Structure and Meaning. When artists get together they talk about where you can buy cheap turpentine.

[Anthony Afterwit @afterwt]

@Mr_Neutral_Man @mu2myoc Can you open your DM's?

[Anthony Afterwit @afterwt]

@slamcandie Like the stock is down 50 vs say down 25 because the new pricing algorithim implies margins will be down sequentially off '24 and the algorithim to any kind of improvement is muddled

[Anthony Afterwit @afterwt]

@slamcandie If I didn't put pencils down after thinking through the degree of difficulty given poor pricing, modest volumes, and expanding opex I think figuring out the volume ramp was knowable, cudos, but the pricing delta within 90 days i think is what is absolutely shocking people

[Anthony Afterwit @afterwt]

@slamcandie Nice call, I didn't have the stomach

[Anthony Afterwit @afterwt]

@Mr_Neutral_Man GS & MS I think do the best works on apartments.

[Anthony Afterwit @afterwt]

@rev_cap So, basically, they roll-up a bunch of adjacent distributors, they show a few years of growth as they step up those acquired distributors onto their contracts, and eventually when they underperform they divest it to CDNR. We have seen this movie before.

[Anthony Afterwit @afterwt]

Reits QoQ, software is probably some version of YoY because of NRR and $ Qoq, aerospace always YoY (since covid practically just % of 2019). All different

[Anthony Afterwit @afterwt]

Obvious will vary business to business, but what mode of analysis do people think endears the best “numbers accuracy”: YoY, QoQ, 2 Yr stack, qoq in 2 Yr stack, q as % of full year?

[Anthony Afterwit @afterwt]

These are the analyst X’s and O’s, not that of the investor.

[Anthony Afterwit @afterwt]

@rev_cap Im game shoot me the dm

[Anthony Afterwit @afterwt]

@rev_cap Another 50?

[Anthony Afterwit @afterwt]

@KeyserSozeBro1 @rhunterh Your niece did that one right. You just need to round out the evening at trinity and your 100% of the way there

[Anthony Afterwit @afterwt]

@KirkSimon9 Think your resulting. Sometimes a 90/10 bet hits the 10. Don’t think swinging at the struggling apparel co hoping it trades north of ~15x is repeatable good bet. Maybe if your post involved TikTok and product led earnings inflections but even then too gamey for me

[Anthony Afterwit @afterwt]

@ChairliftCap Kind of. Most of the time I hear about share-count mismodeling it is for a company trading at 5-7x pe market thinks is either over earning or going to go away. So the buyback is just a double down on the earnings being sustainable

[Corry Wang @corry_wang]

6/ This 2017 paper looks at 22 more CPG categories: the top 20% of US adults account for…

70% of ice cream consumption
75% of coffee consumption
77% of soda consumption
87% of cigarette consumption

[Anthony Afterwit @afterwt]

@patrick_oshag @PaulBuser @buhrman_rick "Now the railroads have been a really s***** business for 100-plus years...And then the one thing just flipped and the whole dynamic flipped." Can somebody explain to me what exactly this was? Consolidation?

[Anthony Afterwit @afterwt]

@modestproposal1 Because when you do it on Bloomberg the implication is that SMID CAP software, for example, which is currently earnings negative, has zero value (TB et al. would gladly take other side of you).

[Anthony Afterwit @afterwt]

@modestproposal1 Are you certain that the “ex non-earners” is backing it out of the equity value too and not just the estimates? Because I remember the pain on Bloomberg is that looking at the “ex negative earnings” estimates simply means they don’t ding consensus by the negative numbers