Valuefiend

Market Participant searching for value in a hopeless place

[Valuefiend @valuefiend]

@taobanker you have been absolutely spitting today. fighting the good fight

[Valuefiend @valuefiend]

I don't think this is a 10%+ position but it seems like a decent bet if you can hold your nose. Strong upside rooted in incredible FCF yields you only get when you sacrifice a large amount of cable bulls

[Valuefiend @valuefiend]

Feels like Charter ($CHTR) is hated enough at this point that is has some merit as an investment. It has burned enough investors and destroyed enough value through the Malone levered playbook that the scars keep long time bulls away even though the numbers are super enticing.

[Valuefiend @valuefiend]

On the downside, the underlying business is bleeding, although slowly and there is a mountain of debt. Also based on past experience of the market, I think the downside will see amplification as it is on Charter to disprove the perceived spiral

[Valuefiend @valuefiend]

Looks like $MIAX is back on the menu

[Valuefiend @valuefiend]

Could be a very costly lesson for myself but the platform has differentiated value to customer, and growing faster than market. I made my bed, gotta sleep in it

[Valuefiend @valuefiend]

$FTCI Straight out the window for the last month straight. Painful moves. Some of it deserved. ATM is still up, not even spoken about on their Q2 call. They also added the ELOC, which I think this is just a placation tool for debt holders but two very contradictory

[Valuefiend @valuefiend]

I am still nibbling down here, hindsight is 20/20 and I wish I was just scooping up shares down here instead of after Q1 but 🤷‍♂️

[Valuefiend @valuefiend]

well wasnt expecting this, may open a position AH or in the AM

[Valuefiend @valuefiend]

was a busy day and was thinking of initiating an $EVC position. blew the doors off again it seems

[Valuefiend @valuefiend]

@be4_the_h3rd Missed out on buying back in today, pain for the P&L

[Valuefiend @valuefiend]

$BW also exploding. Bad day to not pull the trigger for me

[Valuefiend @valuefiend]

This is pretty crazy, to footnote an acquisition the day before your ER and then not mention it. But I think with that response from shareholders at the current price and how bombed out sentiment is, $FOUR is probably a buy here

[Lazy Compound | Road to #FIRE @tembelvitesi]

🧵 $FOUR just disclosed a new acquisition in their Q2 10-Q — an account-to-account (A2A) payments company.

💰 $143M cash upfront
📈 Up to $173M in earn-outs
🎯 $316M max total consideration
📅 Signed Aug 5, 2026, expected to close H2 2026

Small deal on paper. Could matter a lot.
Here's why 👇
1️⃣ Shift4 pays roughly ~60% of gross revenue out to card rails (Visa/Mastercard network fees + interchange). That's the single biggest cost line on their P&L.
A2A payments skip card rails entirely; bank account to bank account, no card network in the middle.

2️⃣ If Shift4 can push merchant volume; especially new merchants onboarded via Shift4 One; onto A2A rails, this isn't just diversification. It's a direct shot at take rate expansion and margin, not just cost-cutting.

3️⃣ The deal structure is the tell: $143M cash + $173M contingent earn-out = more than half the value is performance-based.

That's classic early/growth-stage startup structuring, not a mature cash-flowing asset.

My guess: a UK/Europe-based A2A player. Europe has had bank-to-bank payment regulation in place for years (PSD2), forcing banks to open up their systems. So A2A infrastructure there is way ahead of the US. Combined with Shift4's recent Europe-heavy M&A, Europe is the more likely home for this.

4️⃣ Other things working in their favor here:

They already have merchant distribution; no cold-start problem

Natural cross-sell into Global Blue's 400,000+ European locations

Cuts card-network dependency risk (pricing power, interchange regulation, outages)

Fits the proven playbook: buy capability, plug into one platform, don't build from scratch

5️⃣ This is genuinely the Shift4 strategy; stack capabilities via M&A instead of grinding organic build cycles.

Worth noting: Adyen and Toast, both historically pure organic-growth shops, have started copying this exact playbook with their own recent acquisitions. Shift4 was doing this before it was trendy.

6️⃣ Still don't know who the target is; no press release yet, only the 10-Q footnote. But if the take-rate thesis holds, this could be one of the more margin-accretive deals in Shift4's history, not just another logo.

The devil is in the detail; let's see who it turns out to be.

And a final note to investors like me; i know we want to see returns on the share price but i mean this just simply makes sense and it is the right move for the long term. So, i have nothing against adding a capability but lets wait for the official announcement to be sure.

[Scott Lincicome @scottlincicome]

Trump: Nationalizes companies, imposes trillions in unilateral taxes, conducts show trials, does crimes.

Dems: Let's ban Thanksviging.

American politics is just a daily nightmare.

[Valuefiend @valuefiend]

Todays action makes a lot more sense with the call. Probably traders that washed out yesterday

[Valuefiend @valuefiend]

Seems like the market is extrapolating $KBR collection issues continuing. STS bookings and backlog are stellar (plus rebuilding/ energy security tailwinds) MTS backlog looks good when you look at awards under protest (plus DOD budget hikes tailwind)

[Valuefiend @valuefiend]

Makes me want to get stupidly long into the spinoff

[Valuefiend @valuefiend]

@ScarcityTrade Korea has a ton of interesting opportunities. The retail dynamics of the market keep alot of investors away. I think there are some true value gems