StraightCap

L/S generalist

[StraightCap @StraightCap_]

@WaterworldCapi1 Se is a shitco relative to meli. Se is getting pinched in taiwan by cpng and massively deceld in Brazil. Mgmt is also c+ vs cpng and meli.

[StraightCap @StraightCap_]

@PrivatEquityGuy What do you think of windows?

[StraightCap @StraightCap_]

@gordocap18 I think the market is not appreciating the amount of folks planning on moving to Vantage in the near term…think material share loss is a q4’26/q1’27 possibility. Once that’s the narrative = 20x eps

[StraightCap @StraightCap_]

@nuancerocket @pekwat Was it fundless or did they raise the 30m as a fund?

[StraightCap @StraightCap_]

@evrgn11112231 Long biased l/s here -> try to be thematic about it vs timing quarters or tradey. Should do more but not really incentivized too.

[StraightCap @StraightCap_]

@ContrarianCurse its a genuine addiction my girlfriend is trying to have me curb

[StraightCap @StraightCap_]

@TimurNegru Perfect for a data center

[StraightCap @StraightCap_]

@evrgn11112231 Maybe not alpha but I materially have shortened the time it takes to do the other BS parts that come with working at an institutional fund

[StraightCap @StraightCap_]

@RAMCOCAPITAL Idk a single bank who makes credit decisions off a FICO fwiw.

[StraightCap @StraightCap_]

@b_cap21 It’s purely PR - good PR at that. Appease Pulte

[StraightCap @StraightCap_]

@Larryjamieson_ Market share for 10T if Vantage is also in market will be less than 100% which is more my point

[StraightCap @StraightCap_]

@DrewCohenMoney Argentina profitability high mainly because there are no main competitors in ecom + have underinvested in logistics as a result. They’re now starting to invest there + ramping credit cards which hurts profitability upfront

[StraightCap @StraightCap_]

@DrewCohenMoney I think Brazil e-commerce standalone is barely profitable but helped by a fast growing ads business. Credit card is unprofitable but the very large personal/smb loan book is extremely profitable. Acquiring biz/payments also very profitable.

[StraightCap @StraightCap_]

@WaterworldCapi1 Why do you think the change in messaging on margins between previews and earnings? Something change dramatically?

[StraightCap @StraightCap_]

@Fierce__beast Seems like a weird r/r where you either lose everything or make 300%. can't size it much

[StraightCap @StraightCap_]

@Fierce__beast Mind sharing your prompt? Sounds like a cool use case

[StraightCap @StraightCap_]

@gordocap18 I think the market is not appreciating the amount of folks planning on moving to Vantage in the near term…think material share loss is a q4’26/q1’27 possibility. Once that’s the narrative = 20x eps

[StraightCap @StraightCap_]

@evrgn11112231 @taobanker @SurfingSecular Just started ramping on this ..Found some of the back and forth here helpful / took me to the court filings.

Are you all still involved / think it's interesting? If acres burned continues to CAGR MSD% + HSD% pricing, isn't the core biz worth 50% more per sh than wholeco...?