Benjamin G Cap

[Benjamin G Cap @gram_benny]

@buccocapital Strong rare shell collection

[Benjamin G Cap @gram_benny]

@nachkari @thecashman22 @cap_zay This seems like (1) LNGC2 is a go (2) similarly ph2 is not going to be a panacea to the basin? Shell/petronas still going to be able to majority supply natgas volume needs internally. ARC got a not great deal to supply Ph1. Seems doubtful TOU or someone could get a good Ph2 deal

[Benjamin G Cap @gram_benny]

@LibertyRPF

[Benjamin G Cap @gram_benny]

@UpdatingOnRome This ended up being a really fun read. Thank you. I hope the author continues writing. I know the Gauls have taken some knocks so far, but I would bet they can make a come back and both Publius Crassus + even Caesar develop as humans and set aside their boundless ambitions

[Benjamin G Cap @gram_benny]

@astridwilde1 The guy at Cosmic Computers in Sunset did exactly this for me a few months back. He’s great

[Benjamin G Cap @gram_benny]

@P_Remarks Most supermarkets in the UK (socialist country) already won’t sell energy drinks to <= 16 year olds. I got carded when trying to buy a Red Bull

[Benjamin G Cap @gram_benny]

@ShitFund Guess where he went to school

[Benjamin G Cap @gram_benny]

@OtterMarket There are a lot of dummies with Harvard or HBS on their resume

[Benjamin G Cap @gram_benny]

@1_adoy 2023 change, right? Doesn’t really match up with the big $ spent in 2H24 then? Though admittedly those were no brainer WI acquisitions

[Benjamin G Cap @gram_benny]

@tangentstyle Yep. Probably similar to pre GFC local US banks lending in other “hot” US regions like Asheville. They were not the smart money there + turns out the high returns there were not sustainable

[Benjamin G Cap @gram_benny]

@tangentstyle UK homebuilders. Many had decent sized bizs also building in places like Spain

[Benjamin G Cap @gram_benny]

@natstewart5 @valuedontlie 3. The price people are actually willing to pay for US shoes is far less than what they say. I say that, but I also personally own way too many Rancourts

[Benjamin G Cap @gram_benny]

@natstewart5 @valuedontlie 2. It is not an easy job. Can actually be a bit brutal. At least the PNW bookmakers always say their #1 issue is attracting and retaining employees

[Benjamin G Cap @gram_benny]

@evfcfaddict @searching4value CAPEX wellll above depreciation here generally. Gotta fund the growth

[Benjamin G Cap @gram_benny]

@Rebelty_8 On the call they point to -3% industry volumes for 2024 and worse for 2025. Not far off from the ICCO forecast

[Benjamin G Cap @gram_benny]

@FRValue (1) Did not know about these guys and i look at ingredients companies, very cool (2) 7% ebit margins and low teens ebitda, yuck

[Benjamin G Cap @gram_benny]

@OutsiderRedmoon Not exactly a tremendous price…

[Benjamin G Cap @gram_benny]

@FRValue @LuchesiPhilippe Ahhh, yep then. Might be more like $40m in 2030 then? And at their option of course. Kinda surprised the family could only stump up $7.5m right now

[Benjamin G Cap @gram_benny]

@FRValue @LuchesiPhilippe I am certainly not 100% here, but there’s that line around “up to 1% of the capital each.” My interpretation was both new firms will own 51K ICs. Maubert SA could buy 1% x 2.3M, or 23K ICs from each