Wreckfish Capital

Analyze companies that are interesting and then buy them if they're cheap

[Wreckfish Capital @wreckfishLLC]

$NKE -13% today…

[Wreckfish Capital @wreckfishLLC]

"Value investors" will now be averaging down on $NKE for the next 10 years while achieving steady -10% returns. They'll justify this using what will probably be a contracting earnings multiple which is probably the funniest part.

[Wreckfish Capital @wreckfishLLC]

$MU, with quite literally the most mind boggling financials I have ever seen, down 6% going into the open 😂

[Wreckfish Capital @wreckfishLLC]

Also hold like 80% of their market cap in cash and paid off like 25% of their long term debt in 1 year. Idk maybe this pile of trash is interesting at these levels. $TDOC

[Wreckfish Capital @wreckfishLLC]

$TDOC haven’t been growing revs at all last three years and have consistently negative NI. They made so many bad investments during their hype/growth phase that if you strip away those amortization costs and goodwill impairments you get a company that’s trading at like 3x FCF

[Wreckfish Capital @wreckfishLLC]

Recessionary rate cuts often lead to flat or negative stock returns (-5% to +5% for S&P 500) and volatile bond markets in the next 12 months.

Looks like people cant see the forest for the trees #RateCuts #Recession

[Wreckfish Capital @wreckfishLLC]

@doomerzoomer Recessionary rate cuts have almost always been bearish in the short term. Long bonds is probably the move

[Wreckfish Capital @wreckfishLLC]

@doomerzoomer @wreckfishLLC

[Wreckfish Capital @wreckfishLLC]

@mvcinvesting @wreckfishLLC

[Wreckfish Capital @wreckfishLLC]

End of thread. Hope you enjoyed the read! There is also a holistic synthesis and an overall framework along with an explanatory appendix in my full submission that I may share in the coming days so stay tuned... #economics #stocks #investing @RayDalio

[Wreckfish Capital @wreckfishLLC]

Here is my list of 20 predictions for the @Bridgewater Forecasting the Future: A Modern Economics Challenge. The aim of the challenge is to make 20 economic predictions for the next decade where a new world order is defined by "modern mercantilism" as opposed to globalization. 🧵

[Wreckfish Capital @wreckfishLLC]

Resolution Criteria: UN, International Seabed Authority (ISA), or credible media (e.g., Reuters, Bloomberg) confirm that a nation (e.g., China, U.S.) enacts legislation or secures international recognition for exclusive mining rights in international waters by 2033.