Garpy Guy

[Garpy Guy @garpyguy]

@RJCcapital Sandisk has been around for a very long time

[Garpy Guy @garpyguy]

@calvinfroedge

[Garpy Guy @garpyguy]

@Nedrickhm @Remzztrades lol no it’s not

[Garpy Guy @garpyguy]

@calvinfroedge You realize you can make money from bubbles instead of just complaining about them, right?

[Garpy Guy @garpyguy]

@calvinfroedge Cope

[Garpy Guy @garpyguy]

@richardartoul Skill issue

[Garpy Guy @garpyguy]

@F_Compounders $LRN

[Garpy Guy @garpyguy]

@AggieCapitalist Anything in particular worth noting? Curious who you spoke with (customer, competitor, etc) and if they had anything to say about accounting practices or FCF conversion

[Garpy Guy @garpyguy]

@lexfridman @MrBeast Can you please do Ed Thorp

[Garpy Guy @garpyguy]

@Michhhhh43 @LukeWolgram Yes it’s >=10% if they are doing buybacks (assuming multiple stays the same or expands relative to cost basis), but in terms of growth capex, if there’s no growth then the return on any incremental reinvestment is 0% at best

[Garpy Guy @garpyguy]

@LukeWolgram But you just said it doesn’t grow… 10% yield to equity for 10 years is 2.0x MOIC, 7.2% IRR. S&P has returned ~10% IRR since 1926

[Garpy Guy @garpyguy]

@LukeWolgram Not sure what kind of math you are doing but a 10% yield to equity in year 1 does not equate to a 10% IRR

[Garpy Guy @garpyguy]

@OtterMarket I think you are giving the market too much credit. The stock trades like $50k a day and has close to zero institutional ownership. These are not sophisticated buyers

[Garpy Guy @garpyguy]

@AltaFoxCapital $MVP.TO

[Garpy Guy @garpyguy]

@TheRealDavey2 @RemindMe_OfThis Just talking shit. I do not short, hedge, or even take strong macro views/positions

[Garpy Guy @garpyguy]

@TheRealDavey2 @RemindMe_OfThis Haha no but I wish I did. I still think this and ARK puts were a fairly cheap hedge at the time. But yeah you’re 100% right that you could’ve been assigned and totally crushed shortly after

[Garpy Guy @garpyguy]

@TheRealDavey2 @RemindMe_OfThis

[Garpy Guy @garpyguy]

@TheRealDavey2 @RemindMe_OfThis in 1 year

[Garpy Guy @garpyguy]

@ccinvest2 Yes but the unlevered IRR on new stores is 50%+ by my estimates (avg. across all markets, with cult. capex allocated into startup cost). Hard to justify not investing all $ into new stores even at the current share price (maybe getting close, but not there yet imo) @rivers_kim

[Garpy Guy @garpyguy]

@AltaFoxCapital I’m surprised you didn’t mention the fact that the vast majority of NGMS employees are based in the Ukraine, or that Caesar’s fully exited their 25% stake. Those 2 things have been much more significant drivers of stock price decline that what you’ve discussed here imo.