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just another investor with an opinion or two

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@off_the_run @AndrewYAVB @YetAnotherValue Hopefully he DMs us the username of his soon to be created anon account!

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$FPH guidance revision, as a result of a timing issue at the Great Park, should come as no surprise to anyone. Rates have moved materially higher.

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$CBBI increases dividend by 20%

cc: @Ron284Ron

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@jamllc They literally gave out pairs of Costco men’s underwear.

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Some drama at the $BWEL annual meeting. They refused to take any questions! Wonder if something is coming.

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In their letter to shareholders on August 18, 2026, they do mention a Q+A session. So clearly something happened in the last two months that changed their mind.

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@Ron284Ron Cameron isn't a very impressive person, so it would fit! I do question whether or not the family's heart is really in it anymore. It's a tough business and they're not very good at it.

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@Ron284Ron Looks like around ~$200/share of earnings in quarter excluding the one-time item

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@aurelius28 @Ron284Ron This was previously announced on 8/31/26.

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@DataTracker87 They reduced the size to pay for the overfunding

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@taobanker Hard to know given lack of transparency.

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$BWEL annual meeting is next week in Pasadena. Since the last meeting, the company raised dividend back to $5/quarter and did the largest buyback in recent memory. Additionally, there is some new blood in the C-suite (although Jim Boswell is still there). Will be interesting!

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@ShmuelLon Roll up insurance assets at or near book value and then flip them at 2x+ TBV

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$TIPT is trading at 70% of cash value. Has traded off ~10% for no good reason, probably because its a source of funds for investors who want to redeploy given the revaluation of small caps.

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@CapitalFang Technically nothing is due. These are securitizations.

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@SPACuity Being able to earn +200bps vs treasuries is pretty incredible if you ask me

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@Ron284Ron Why do they bother press releasing this stuff?

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@thewritser @Ron284Ron I moved all my cash from $SGOV to $VBIL to save 3bps/yr and also you get your monthly dividend one day faster.

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@BillAckman Going asset light is the right move. Not sure why you didn't pursue this earlier.