Aggressive Value

25 yrs investing in the markets. Deep value/ asymmetric opportunities.

Nothing posted here is financial advice. Just another opinion. DYODD

[Aggressive Value @aggresivevalue]

@Zerosumgame33 You are now a memory bro.

[Aggressive Value @aggresivevalue]

@puppyeh1 You should add 16B dollars of held deposits to your bv calc. If the deal don’t break then they make 130b

[Aggressive Value @aggresivevalue]

@drilcadence Per call today people calling. Feel that existing easier to refurbish than new permits.

[Aggressive Value @aggresivevalue]

$CCOI

[Nicholas Mugalli @RealNickMugalli]

*NVIDIA HAS APPROACHED APOLLO ABOUT CREATING A NETWORK OF SMALL AI DATA CENTERS POTENTIALLY SPANNING 20 STATES ACROSS THE US

*NVIDIA IS EXPLORING RETROFITTING OLD TELECOM BUILDINGS FOR AI DATA CENTERS🤯🤯

[Nicholas Mugalli @RealNickMugalli]

*NVIDIA HAS APPROACHED APOLLO ABOUT CREATING A NETWORK OF SMALL AI DATA CENTERS POTENTIALLY SPANNING 20 STATES ACROSS THE US

*NVIDIA IS EXPLORING RETROFITTING OLD TELECOM BUILDINGS FOR AI DATA CENTERS🤯🤯

[Aggressive Value @aggresivevalue]

@kimriiiii @EhrmantrautCap_ Check transcripts

[Aggressive Value @aggresivevalue]

@EhrmantrautCap_ @kimriiiii They are take or pay contracts. They’d get sued.

[Aggressive Value @aggresivevalue]

I would find the whole data center bear narrative if the stocks were not cut at least in half coming in. Feels like pressing.

[Aggressive Value @aggresivevalue]

@blondesnmoney Everyone knows the bear case. Question is:
A) Is it enough tempering demand to make a real dent?
B) They are down 50-75% coming in.

[Aggressive Value @aggresivevalue]

@CorneliaLake I’m giving you key to how this multi bags. You can put in any cap rate you like

[Aggressive Value @aggresivevalue]

@CorneliaLake And I’m giving zero value for rest of port. There is def an option value to that.

[Aggressive Value @aggresivevalue]

@CorneliaLake One could argue that at 6 cap (which is appropriate for the tenor and quality of tenant outside of current scare),should be 15b valuation with 6.5 billion debt at end 27.

[Aggressive Value @aggresivevalue]

@CorneliaLake And the rest is gravy. The lowered assets are worth money too.

[Aggressive Value @aggresivevalue]

@CorneliaLake They are funded on the 700mw 17 year tenor at 850+. If don’t build rest only have current debt 6.7 at 4-4.5% for 5-6 years. Shares would stay same. 600-650 FCF on current facilities that are funded

[Aggressive Value @aggresivevalue]

Funny How $INTC went from Turkey to bellwether. Until they actually deliver on all the big promises it’s the same Turkey. The CEO thinks he’s Jensen when he has proven nothing at Intel thus far.

[Dean Marantis🇺🇸🇬🇷 @Deenobrown123]

Samsung just made $80 billion dollars in profits in one quarter. $80 Billion with a B! To put that in perspective, Tesla has made about $40 billion dollars in combined profits for its history. Not for a year, in its combined history. Samsung just made double that amount in one quarter. But I know, it doesn’t matter, memory is cyclical! Cyclical money doesn’t count! lol. Absolute clowns out there. MSFT just announced that they spent $5 billion less on cap ex this quarter than they were supposed to because they couldn’t get their hands on enough compute. They delayed it a few quarters. They increased cap ex for the next quarter! But the market thinks cap ex is drying up! You can’t make this shit up. So many people want this Ai revolution to be over. So many don’t want to believe it can keep going. They are so stubborn and so stupid it makes me laugh! More fake news!

[Aggressive Value @aggresivevalue]

@MacroPupster It depends. $GLW growth isn’t high enough. Other may deliver much higher growth.

[Aggressive Value @aggresivevalue]

We gonna see a narrowing. With memory higher while HDD stalls

[Ehrmantraut Capital @EhrmantrautCap_]

$STX reported great numbers, but is down after-hours.

Perhaps we're seeing a negative re-rating in HDD, closer to the forward multiples of memory stocks? If one calls memory a cyclical commodity with boom/bust periods, what is HDD then?

On top of that, for the Memory Big 3, HBM share of total revenue is growing. HBM has no exposure to the very cyclical consumer market, is less sensitive to price changes and in the near future we will see customised HBM, which kills the idea of it being a commodity.

In my opinion, the discrepancy between the forward multiples of memory stocks and HDD stocks will shrink in the coming year.