M
Macy's Inc.
stock NYSE

The stock market was so much more fun to trade when Trump's punching bag was China and not Iran. The volatility then was based on tariffs, M&A, and cutting off trade routes. The volatility now is based on Oil & Inflation

Millions worth of 1 kilo Gold bars.
They're 1 kilo Gold Bar from N.M. Rothschild Samuel Montag, a 1960s vintage.
If they're real, each one of those bars has 32 ounces of gold.
Really lucky find! Safe selling.

Support response "14:09 **Erick\_M**: I do apologize, it doesnt appear we have a setting to fix the box permanently."

#YA'LL MOTHAFUCKAS THOUGHT I WAS DEAD IN JULY. BITCH I'M STANDING RIGHT HERE 🫵😂

Shills in the reddit today

"No, he's diluting us and his own money so that, ummm..... he can lose money?"
"He clearly doesn't know what he's doing. This is only GameStop's most profitable quarter in history..... the board just wants to dilute their own money because they're incompetent"
"he shouldve M&A sooner, but now that he's doing it, it's a bad thing!"
and so on

Get an interest free credit card (M&S do one)
Use that to fund your life, (food, petrol ....).
Now you can put more of your salary for the next 8 month in your stocks and shares ISA.
Rule I'd follow: whatever your credit card balance is, have the same amount as CASH (or money market fund) in your stocks and shares ISA.
Don't be tempted to buy stocks with the "borrowed" money. This is just a means of getting your ISA maxed out before April

Jag är inte avundsjuk alls.. jag har 29.99 M kvar bara

This person's username hurts my very soul.
On the lighter side, way to scream out "I'M A EASY MARK" to everyone on Shitter.

Berkshire is also a collection of 2 dozen wholly owned subsidiaries and has a another 3-400 billion under management. They can hold some cash. Don't hold 9 billion in cash when you promised to M&A, and then ask for 2.5 billion shares before offering the dumbest M&A deal ever made. Berkshire also doesn't dilute their shareholders into the dirt.

It doesn't say if you and the Oracle are in competition or co-operation.
If in cooperation, the Oracle will always write either 1 and 1014 and the winning probability is 1. And so M = 2
If you and the Oracle are in competition. If the number 1 or 1014 is revealed, you can immediately get the correct answer. And so the Oracle will never write those two numbers. As a result, you will immediately know the same, for 2 and 1013. And so on, and so on, except for the number 508, which your guess must be random with no advantage. The Oracle will know this, and will always write 508 and a different number, X. The probability of having X revealed is strictly 1/2. The probability of having 508 revealed, and randomly guessing correctly is 1/4. Following this strategy, the probability of winning is 75% and M = 4.
What if the Oracle reads your mind, and decides to avoid this conclusion, will it lead to a lower probability of winning by picking two numbers randomly? For instance, picking 506 and 507 will lead to the correct answer only half the time.
If you strictly follow the above strategy, now for any random given number X revealed, there are 1014 other possible numbers for Y. The probability of winning is given by P1=(1015 - X)/1014 if X is smaller than 508, the probability of winning is given by P2=P1 if X is bigger than 508, by symmetry, and the probability of winning when X=508 is exactly P3=1/2.
We can then take the probability of winning by averaging over all possible X (1014 possible choices), which is given by
P = (2×P1 + P3) / 1014
= (2 × Σ_j (1015 - j)/1014 + 1/2)/1014
= (2 x 1015 / 1014 × 507 - 2 × Σ_j j/1014 + 1/2)/1014
= (1015.5 - 2 × Σ_j j/1014) /1014
= (1015.5 - 2 × 508 × 507 × 1/2 × 1/1014) /1014
= (1015.5 - 508 × 507/1014) / 1014
= (1014 + 0.5 - 254) / 1014
= 0.75
where j runs from 1 to 507 inclusive, and M=4

Im Vergleich zum Dow dann doch immer noch Peanuts (Linde ist ja nicht mehr im DAX):
Im internationalen Vergleich sind solche Vergütungen für Topmanager aber immer noch gering. Die Vorstandsvorsitzenden (CEO) der Unternehmen im europäischen Aktienindex Euro Stoxx 50 kassierten der Auflistung zufolge für das Geschäftsjahr 2025 ohne die dort gelisteten deutschen Konzerne durchschnittlich 9,5 Millionen Euro. Bei den CEOs der 30 Unternehmen im amerikanischen Dow-Jones-Index waren es im Schnitt sogar 30,5 Millionen Euro.
An der Spitze im Dow-Jones-Ranking steht David M. Solomon von der US-Großbank Goldman Sachs mit einer Gesamtvergütung von umgerechnet 105,3 Millionen Euro - davon 93,3 Millionen Euro langfristig variabel. Es folgen Satya Nadella (Microsoft) mit 85,5 Millionen Euro und Tim Cook (Apple) mit 65,8 Millionen Euro.
28 der 30 Dow Jones-CEOs verdienten im vergangenen Jahr mehr als der bestverdienende DAX-Vorstandsvorsitzende, SAP-Chef Klein. Im Euro Stoxx 50, der die 50 größten börsennotierten Unternehmen des Euro-Währungsgebiets abbildet, liegt Klein auf Rang sechs. Spitzenverdiener in diesem Index ist Michel Doukeris vom Brauriesen AB Inbev mit 63,9 Millionen Euro Gesamtvergütung.

Because they were hedge fund plants? That can be true, and it can also be true that RC has no idea on how to manage a holding company, even if he's good with fundamentals. We should have already done M&A. It should not have taken 5+ years for this ebay offer.

Thank you. Just to note, the assumptions I listed are not my own thesis. I was rather looking to understand what is roughly embedded into the current price. Happy to walk through each component and tell you if I have comfort and why:
1. ARPU – This is the central uncertainty and basically the reason for the post. How far monetisation can develop, and how quickly, dictates a large part of the value
2. User growth. Management has an aspirational long-term target of 100m US DAU and 1bn global DAU – I do not anchor to those figures. International DAU growth has been very strong so far. Where it ends up in 4–5 years is admittedly a finger-in-the-air assumption; I wouldn't be surprised by roughly doubling from today's level
3. Margins. Correct, I am using GAAP margins after D&A and SBC. Adj. EBITDA is largely a BS metric anyways. First, the 45% endpoint itself is plausible, IF management executes monetisation. Meta’s ‘Family of Apps’ (Instagram, WhatsApp, Facebook etc) already above 50% op. margin. Google services is at low 40s, but they have very high traffic acquisition costs, which Reddit does not. Second, on path to 45% - current margin is around 29% and has been expanding rapidly. G&A and R&D have been growing far below the revenue growth rate – as you would expect. S&M costs have been growing linearly though — management said on the Q2 call that marketing spend ticked up as a % of revenue, tied to needing more paid user acquisition as organic/search-referral growth weakens. This could be pretty bearish if it holds long-term
4. 13% discount rate seems high. I think I understand where it is coming: I guess 2x beta is from its own trading history, which has not been long. My view is that it should stabilise and smoothen once the platform matures. Currently, the market is in more active price discovery mode, since reddit’s long-term value is still an open-ended question. So in short, 10% may not necessarily most conservative now, but fairly comfortable long-term

I agree with it being a great stock. It’s not gojng to be a Stock that doubles in a year but at these prices it’s a great compounder. There current issue stem from energy, still spinning off the mobility sector which didn’t align well with the entire business and currently high intrest rates. They are getting good growth from M and A, but if interest rates drops it will become way more attractive bring in short term investors. Over the next years there eps will grow rapidly and should be able to gain more operating leversge. It’s a good stock you can put in your portfolio that you know will more then Likley stay in line or beat the s and p.

Big investor news on a battleground stock! Bearish sentiment and jitters concerning missed M&A opportunities, coupled with concerns over viewer engagement have weighed on Netflix near term. Does Ackman’s new position change the equation? Where does our value investor community fall on this news? I look forward to your input.
Here’s my take, concerns over engagement and missed M&A opportunities are misplaced. Netflix’s management team has remained discipline while driving up acquisitions costs for competitors like paramount. Netflix’s new ad revenue, along with AI enhancements and new offerings like video games and live sports, offers increased value to consumers at a competitive price point. Ad revenue should continue to increase, AI should drive down some production costs and reduce viewer selection friction by filtering its large catalogue. New video game offerings and live tv make Netflix a cheap, one stop shop, for price conscious families and cash strapped viewers. Netflix also maintains a unique international content and reach, giving it, at least in some sense, a larger TAM than its competitors. As long as Netflix continues its disciplined fiscal approach, why shouldn’t the stock continue to grow?
Input from both bulls and bears are highly appreciated. I look forward to your input.

No they aren't. Ebay was never a serious offer, and before this half assed offer he had 2 years with 9 billion in cash to start the M&A. I'm on the fence on wether or not RC is in on the scam. He literally said "I'm not passionate about gamestop." And i don't want to hear a single fucking word about how it was taken out of context when is immidiate next words were "I am passionate about ebay."
If such is the case he should fuck off from GameStop and go buy an eBay board seat with his own money, not mine. He turned the core business around. Great. He did the job WE hired him to do, and cutting unprofitable stores and selling Pokémon cards is not strategic genius. Now its time for him to step aside and let an actual strategic investor do the next job we need done.
I've said it before, and I'll keep saying it. RC is the guy Warren buffet has in his rolodex to handle the day to day shit Buffet can't personally be bothered with. RC is not any kind of warren buffet himself.

Wir kennen den Mindestpreis nicht! Vielleicht liegt dieser bei 20! Der Verleiher wird kein Geld in die Hand nehmen, um umter diesem zu landen! Das macht finanziell keinen Sinn!
Die nachträgliche Absicherung ist zudem längst beendet.
Aber wir werden es sehen, wenn der Deal abgeschlossen ist. Dann werden Zahlen genannt!
Ein Übernahmeangebot oder Deal ist vertraglich bindend und wird nicht über den freien Markt „zusammengezimmert“. eBay oder GameStop legen fest: Pro Aktie gibt es Betrag X.
Und was glaubst Du wie lange der Kurs bei 12 bis 15 Dollar bleibt. Stunden?!
1. Wird bei solchen Kursen kein Deal stattfinden. Ist nicht im Interesse von Gamestop.
2. Der Freie Markt (Arbitrage) lässt keine riesigen Lücken zwischen Deal-Wert und Börsenkurs zu!
Ich mag echt nicht mit Dir Streiten.
Aber in Deiner Theorie sind Marktmechanische Fehler!
Alles nicht böse gemeint....
Aber Du übersiehst den Markt, die Bondholder, wie ein M&A Deal rechtlich funktioniert!
Sollten wir tatsächlich die 12 sehen, schütteln ich Dir die Hand und nenne Dich von da an nur noch Meister! 😉

> It is a financial argument because it involves allocating the money.
This is not a financial argument: "the needs of permanent place is higher", that's a lifestyle choice.
> All money you spent on rent is vanished, you are not building equity.
Okay, so you really don't understand rent vs own. You need to do a holistic view of networth in both scenarios.
[**Renting**]
- In many markets, including OPs and my own, rent is much less than PITI+M. If you invest what would be your downpayment and the delta between rent and PITI+M every month.
- You counterbalance those gains against rent and renter's insurance.
- Invested in a broad index fund, you'll expected ~10% returns each year. And yes, in the end, you'll need to pay taxes on those stocks, but LTCG at 15% (+state) that you can structure over years is advantageous.
[**Buying**]
- Your downpayment is sequestered away in your equity.
- Every month, you're paying PITI + Maintenance. In many markets, the TIM is going to be substantial.
- Note that with rates at ~7%, you'll only contribute ~18% of your total mortgage payments go to principal. Let's say you'll be able to refi at some point, that's still only 29% of all payments going to principal. And let's be honest: 5% isn't looking likely any time soon.
- The biggest variable is going to be appreciation: every market is different, but I think the fairest approach for this is to use the long running national average of 4%.
- When you sell, you'll also have to pay 8~10% in transaction costs (realtor fees, local fees, staging costs, and prepping it to sell). Sure, you'll get a 250k/500k tax exclusion - but in VHCOL that doesn't go that far *and* anything in excess could push you into the 20% LTCG bracket (no way to break up the gain over years).
Hope that makes some sense. Every market is different and every potential owner should consider the above.

CAUSE I'M ONE STEP CLOSER TO THE EDGE
ANDIMABOUTTOBREAK!!!
😳

Gross margin of 55% again is so impressive... no other LP can touch that.
Also glad to see Auxly finally surpass $40 M in net icome