Mark Yetman

Greenblatt wannabe focused on special situations biased to smaller cap stocks. Também falo português e gostaria de conhecer mais investidores Brasileiros 🇧🇷

[Mark Yetman @yetman_mark]

@SleepwellCap At least they got that $90M party!

[Mark Yetman @yetman_mark]

@bobspaysubstack I am not following this one as closely because I am out of it, but tangentially follow it and was updating some information. I thought they said that they were going to report organic growth and highlighted that they were doing it on last call, but I didn't see it in the letter.

[Mark Yetman @yetman_mark]

@bobspaysubstack Feel like the only premium buyout would be from Elon who would buy it back to complete his X vision for when he started the thing. Wild that he could buy PayPal for not much more than he bought twitter.

[Mark Yetman @yetman_mark]

@HowardHughesHQ The release says: "Cash G&A is expected to range . . . excluding non-cash stock-based compensation and quarterly variable fees paid to Pershing Square." Will SBC be paid to PSH?

[Mark Yetman @yetman_mark]

@ohcapideas Couldn’t agree more! I started buying at about O.7x BV and the fact I didn’t go all in is crazy in retrospect. Even dumber was selling a good chunk at 1.1 BV only to have to buy it all back and much more at higher prices (not to mention the incredible compounding in the interim)

[Mark Yetman @yetman_mark]

@OutSkied How is the swap when your stock is trading at 0.7 bv and you’re doing a $1B tender offer a bad idea?!?

[Mark Yetman @yetman_mark]

@BillAckman @PershingSquare It makes it sound as though $PSH is going to be receiving SBC. I don't think that is the intent, but wanted to confirm.

[Mark Yetman @yetman_mark]

@BillAckman @PershingSquare saw the release on $HHH today and I think there may be a typo (or at least an ambiguity in the release:
"Cash G&A is expected to range . . . excluding non-cash stock-based compensation and quarterly variable fees paid to Pershing Square."

[Mark Yetman @yetman_mark]

@ACIPartnerhship Interesting to me that $BRK buys $CB at a premium to its own BV, but hasn't bought any of $BRK despite the massive amount of cash on the balance sheet. Maybe there were some additional buybacks this Q (seems unlikely given p/bv has not substantially dropped).

[Mark Yetman @yetman_mark]

@atelicinvest @vanckzhu That is my thought also. I have no idea who wins or loses, but I like the VMS market in general, and feel like the folks at CSU are people I can trust to figure out what works and can do so at a reasonable valuation.

[Mark Yetman @yetman_mark]

@vanckzhu @atelicinvest Am curious what you're looking at for SaaS. I have bought $CSU, but just don't have the confidence or conviction for anything else.

[Mark Yetman @yetman_mark]

@bobspaysubstack Great summary. I had actually recently run a similar analysis and had very similar numbers. $TOST gives me concerns with the ramping CAC and how CAC growth is outpacing GP/location growth (I realize int'l is a factor but the trend is not ideal)

[Mark Yetman @yetman_mark]

@buccocapital Honest question, if SBC as % of revenue is higher than revenue growth, how does a shareholder ever actually expect to make money on the investment?

[Mark Yetman @yetman_mark]

@Brian_Stoffel_ Is 20% op margin 10 years out reasonable for $MELI. That seems optimistic for marketplace (particularly as they expand to 1P) and the fintech seems really optimistic when comparing to mature businesses like PYPL/XYZ. Genuinely asking as trying to decide where MELI is a no brainer

[Mark Yetman @yetman_mark]

@ACIPartnerhship So remaining Pref of $FFH.TO are I, J, and K of around $450M?

[Mark Yetman @yetman_mark]

@ACIPartnerhship Was surprised to see this. On last call, Fairfax said that it had not deployed the 900M from the last debt issuance and had over $3B cash on the BS. AWAC option isn’t for a while so wonder if there’s a different acquisition target. Doubt it’s a large tender or anything.

[Mark Yetman @yetman_mark]

@VikingVan100 To be fair, I think the numbers should be reduced by interest and overhead which reduces the number by about $1B for 2025, but agree wholeheartedly.

[Mark Yetman @yetman_mark]

@elonmusk, seems like a good resting ground for #AmericaParty. Who you got local?

US Rep. Mark Green will step down July 20. Who could replace him?

https://t.co/jkMVaFQdNY

[Chicano Marine 🇲🇽🇺🇸💙 @elchicanomarine]

They’ve lost Joe Rogan…

[Mark Yetman @yetman_mark]

@NutritionMadeS3 Enjoyed the video! I hadn’t sen that @KevinH_PhD paper on obesity energetics before so thanks for the introduction to
It. Really interesting paper and though it did a particularly good job explaining the components of energy expenditure!