Wonderer

ValueInvesting, which is evolving. Constantly wondering.

[*Walter Bloomberg @DeItaone]

VANCE OPENS DIRECT CHANNEL TO IRAN AS US STRIKES LOOM

Vice President JD Vance has reportedly contacted Iranian security chief Mohsen Rezaei in an effort to restart peace negotiations before potential US military strikes following the midterm elections.

According to The Wall Street Journal, Vance sent a letter at President Trump's direction, exploring a framework for renewed talks rather than a finalized peace proposal.

Washington continues to demand nuclear concessions, while Tehran seeks sanctions relief and an end to the US naval blockade.

[*Walter Bloomberg @DeItaone]

DOLLAR ON TRACK FOR WORST FIRST HALF IN DECADES

The dollar is heading for its steepest first-half drop in at least 40 years. The ICE Dollar Index is down over 10% in 2025, while the WSJ Dollar Index is down 8%, the worst since 2002.

The decline reflects concerns over Trump’s tariffs, Fed independence, and rising U.S. debt, weighing on the world’s key trade currency.

Some analysts say the selloff may be overdone and expect a rebound, while others warn of a deeper slide as more investors hedge against further dollar weakness.

[Wonderer @deegut]

@stockspinoffss $MODG seems like would fit bill

[Wonderer @deegut]

@StevenPulteFam Too

[Wonderer @deegut]

@treesandquiet For sure. Prob more realistic. Relative to past. W also has 20% internalized last mile and logistics. And they at 5-6% ebitda so seems likely it tracks that.

[Wonderer @deegut]

@marcuslemonis Very smart….

[Wonderer @deegut]

@fear_munger @marcuslemonis @TylerWa21305228 @susanleepoole Not sure any logic in any of this.

[Wonderer @deegut]

@marcuslemonis @TylerWa21305228 @susanleepoole What’s your view on giving an update on holiday sales considering where the stock price is? Or sharing any information that has progressed positively.

[Wonderer @deegut]

@marcuslemonis @TylerWa21305228 @susanleepoole What is the status in the building sale?

[Wonderer @deegut]

@marcuslemonis @ChefJasonPer @JoseyWalesPace @fear_munger @EastGlacierMT @BizzyBiz33 @BedBathBeyond @Overstock @ContainerStore @marcuslemonis
Serious question do you think that Gary Friedman at Rh is insane for having bought back so much stock in such a cyclical space? I admire it for the boldness and the long-term thinking curious if what you would do that the second you break even with that loc?

[Wonderer @deegut]

@Troutslayer7272 Was my original thought at 15-20 per share. Been wrong so far. But yes

[Wonderer @deegut]

@Troutslayer7272 Depending what value you put on grain and tzero. Likely quite negative EV from here. Yes we may use some more cash. But geez core business priced at $0 or negative. Roughly

[Wonderer @deegut]

@RossJir @Dhiren_jogia01 Don’t you think maybe this stock price reflects this? Zero EV is quite something

$byon

[Wonderer @deegut]

@JackCambell14 @fear_munger @lilinvestor @AriRianae @GrainChainIO @tZERO @Pelion_VP @medici_ventures @marcuslemonis just dont know why people keep saying 30% in this platform
be great for @marcuslemonis to just reply and straighten this out

[Wonderer @deegut]

@Dhiren_jogia01 @idkandthatsokay @bUrRpPPP Was on the June 14th spaces. 2/3 way through

[Wonderer @deegut]

@Dhiren_jogia01 John is still in the stock. Have spoken to him about BYON. He owns options and has traded down his initial position. His original letter was perfect. Last piece is selling Medici. Just need to stabilize business. All will be well. Balance sales growth with prof. Tough one

[Wonderer @deegut]

@Matt_Ebl @EastGlacierMT @fear_munger @LKPreserve @marcuslemonis @Byon @GrainChainIO @tZERO False expectations. They would iust act and not talk about. They would enter a process or strategic review for non core assets …. They would never estimate value publicly