Corvid Capital

Learning value investing.
You'd be a fool to take my opinions as financial advice.

[Corvid Capital @CapitalCorvid]

@Vienna13Capital @InvestInJapan Probably growing brand mentions on Reddit, as it's one of the main training sources for the AI companies.

[Corvid Capital @CapitalCorvid]

$NVDA actually *fell* 50% in the first 7 months after the release of ChatGPT 3.5

[Corvid Capital @CapitalCorvid]

$NVDA up 450% since the release of ChatGPT 3. 5

[Corvid Capital @CapitalCorvid]

@TSOH_Investing Their living room devices makes sense to gain a presence in the living room (to compete with Xbox), but why create content yourself?

[Corvid Capital @CapitalCorvid]

@TSOH_Investing Why are Big Tech ( $GOOG, $AAPL, $AMZN) even interested in TV? I don't see the synergies, yet all 3 are throwing big money behind it.

[Corvid Capital @CapitalCorvid]

@PythiaR @BeachedCapital Their target audience wasn't alive in 2016.

[Corvid Capital @CapitalCorvid]

@marcelolima They should just split it into its own tracking stock, so that investors can choose whether they want to be exposed or not.

[Corvid Capital @CapitalCorvid]

@10_ch_10 Paradox could avoid this problem by making their games forever games, monetized through their games pass and DLCs. Why do we need a Cities Skylines 2? Just keep releasing DLC and slowly improving the underlying game engine. It's worked for ten years. Do the same for EU, etc.

[Corvid Capital @CapitalCorvid]

@10_ch_10 It's tough to evaluate whether this is a real signal or not, since releasing unfinished games has been Paradox's style for 20 years. Have they released any games that didn't have bad reviews around release?

[Corvid Capital @CapitalCorvid]

Why are Coke's bottlers still independent? $KO has a PE (TTM) of 22.5, while its bottlers have much lower PEs: $FMX 10 $COKE 12 $KOF 14 $CCEP 15
Obviously Coke's net income margins are much higher, but ROTC isn't that much better. Why not buy all the bottlers with stock?

[Corvid Capital @CapitalCorvid]

@modestproposal1 This is a great proposal. Increases transparency and creates a more even playing field.
https://t.co/4xJzNi1RQS

[Corvid Capital @CapitalCorvid]

Since everyone is talking about buybacks, one reform I would actually like to see is increased transparency on the timing of the buybacks. Every morning when markets open, we should know exactly how many shares are outstanding. A Form 4 for buybacks should be required.

[Corvid Capital @CapitalCorvid]

@astridwilde1 "Before giving effect to any payments of severance or related costs, the Company expects to hold approximately $5.7 million cash and cash equivalents as of April 28,2023"
The last filing showed $9.3 in cash, so current quarter cash losses = $2.7M?
Market cap at $6.2M

[Corvid Capital @CapitalCorvid]

@astridwilde1 Delisting.
https://t.co/MN1o0pTVj1

[ACCESS Newswire @AccesswireNews]

$IDW IDW Media Announces Cost Cutting Measures https://t.co/66INhmMjZY

[Corvid Capital @CapitalCorvid]

@DicksonPau @modestproposal1 And I think they're guilty of it (e.g. the way they pushed Teams). I think it would be better for Microsoft shareholders and society it were split into parts (I also think Google and Amazon should split up too). https://t.co/RkSugvnQV7

[Corvid Capital @CapitalCorvid]

@TSOH_Investing I really wish $GOOG would spin YouTube off into its own company.

[Corvid Capital @CapitalCorvid]

@here4fintwit @astridwilde1 AI could potentially increase the size of top of the funnel (now everyone can make a comic), which could give them more leverage at step 2. But I wonder how much people will want comics (from new/unknown IPs) when they can just create their own using AI.

[Corvid Capital @CapitalCorvid]

@here4fintwit @astridwilde1 Potentially. I can see the case for it. Their funnel is:
1. Find new comic talent
2. Sign them to their first deal on favorable terms (IDW controls IP)
3. Use existing sales channels (from leveraging leased IP) to market new titles
4. Exploit IPs with potential

[Corvid Capital @CapitalCorvid]

@DicksonPau @modestproposal1 Which is what? Windows? Azure? Plenty of other companies build their products off those platforms without being subsidiaries of Microsoft. The main synergy is in enterprise sales: they were able to drive adoption of Teams by giving it away with Office and Azure sales.

[Corvid Capital @CapitalCorvid]

@AltaFoxCapital Why structure incentives this way instead of just providing RSAs or stock options, which have the same incentive but (presumably?) better tax treatment?

[Corvid Capital @CapitalCorvid]

@SleepwellCap I don't understand the reasoning behind having bonus compensation tied to mandatory stock purchases. Why not just give RSAs or stock options? Isn't the tax treatment better? Maybe Canada has different tax laws for bonus payments.