Sky

sharing my thoughts on all this nonsense

[Sky @likelybadadvice]

@QualityInvest5 2nd order effects. They aren't exposed to the credit risk, but the banks will be issuing less?
Unless your thesis is that the change never comes to fruition.

[Sky @likelybadadvice]

I don't think this feature is actually good for people lol

[Sky @likelybadadvice]

@readswithravi After reading the first tweet I immediately was going to come and say the same thing

[Sky @likelybadadvice]

Oh hey.. it's me!

So if I am understanding correctly, the reasoning ASML deserves a higher multiple is because future cash flows are more durable/certain to grow given the quality of competitive advantage in their respective industry?

Or is this more a reversion to historical multiples?

While you do due diligence on the business and quality of so, the actions are being taken based on mean reversion which seems different than focusing on the business.

I don't disagree with you, or think what you're doing is wrong. My prior comment was just a genuine question into your thought process.

I enjoy your content and have learned a lot about adobe largely due to you.

[Sky @likelybadadvice]

@kevg1412 Insider information **

[Sky @likelybadadvice]

@unusual_whales Thank you Jim for blessing 2026

[Sky @likelybadadvice]

@QualityInvest5 I respect that you keep your posts up even after realizing the mistake 👊

[Sky @likelybadadvice]

@ReturnsJourney 30x earnings can be cheap. Clorox is not a busines thats going to be putting up high teens or 20% growth.

[Sky @likelybadadvice]

@PronkDaniel Hudson technologies

[Sky @likelybadadvice]

@Alexand93085679 Large deterioration in quality of earnings

[Sky @likelybadadvice]

@JamesonCamp Onto better things! 🍻

[Sky @likelybadadvice]

@JamesonCamp Yikes. Any regrets?

[Sky @likelybadadvice]

@TacticzH Ebidta is not a good metric for a business that much opex/capex.. depreciation is a very real cost. The ev/ebidta should trade lower because the business has fundamentally changed in the last 10 years.

[Sky @likelybadadvice]

@QualityInvest5 Great call. I was shocked to see it come down so much at the time on just noise.

[Sky @likelybadadvice]

@QualityInvest5

[Sky @likelybadadvice]

@QualityInvest5 I can view the time-weighted return?

[Sky @likelybadadvice]

@QualityInvest5 You can track performance in WS?

[Sky @likelybadadvice]

Green is gold price, blue is $DNG.TO

The discrepancy at the ~$4 range was really wide.

For good reason. Management diluted shareholders to pursue projects that may not pan out. Current operations in Peru have deteriorated.

In my opinion, these issues are likely temporary. The expansion risk lies on the execution, but it reduces the single country risk of the existing operations. If the company can successfully repeat the process built in Peru and set up the complex supply chain of artisanal miners across multiple countries, the stock is very cheap.

If the investments don't pan out, there is downside, but it's not a catastrophic blow up. I think much of that risk is already priced into the stock today.

Iolite Capital has a meaningful stake in the business and is pushing for change. There's risk here, if nothing changes, they will likely start selling and the stock does not have a lot of volume.

[Sky @likelybadadvice]

@paulswaney3 Been on my list for quite some time!