Phester

@yenoms Gross negligence and shameful to anyone associated with this fund.

it's true.. it had zero shares as of march 30th.. now 291,605. considering this went $50+, worst $PFF gaffe of all time?

@iBladesi That was sump'in. VNO-L hit hard.

yep. PFFA puke for the ages. added more sub 21.3

Hype hype hype PFF day. 🚨🚨🚨 Already up 80bps. unruly Good day to all my nerds.

@Mr_Neutral_Man @JeffBeckMadDog @DailyREITBeat Boston Properties. Their C-suite is known to hate all bloggers and tweeters.

@JeffBeckMadDog @DailyREITBeat Name names

Today in David's REIT life? Received a cease-and-desist letter from one of the REITs cuz of a social media post.

@katiebindley 🥰🥰

Me: publishing stories for decades My dad: you have done it again this is on par w the moon landing

Uber won't be advertising its ground game but if you think they will not be ruthlessly and efficiently responding to competitive incursions in select cities/markets then you don't know Uber. (eom)

Price optimization is a known strength for Uber. Knowing how to treat the competition is another, likely underrated, power. With roots from Microsoft, Expedia and a very aggressive founder, Uber knows how to quietly play hardball when necessary. $UBER (1/few)

@athenaeumbc A related Chinese idom “Settle accounts at the autumn harvest.” (qiū hòu suàn zhàng).

A powerful scene in the Odyssey happens when Odysseus finally returns to Ithaca after twenty years of war and wandering. You would expect the story to end with celebration, with the hero coming home, the family reunited, and order restored. Homer does something far stranger. Odysseus arrives disguised as a beggar, because Athena warns him that the palace has been taken over by more than a hundred suitors who have been living there for years, eating his food, drinking his wine, and pressuring his wife Penelope to marry one of them. They believe Odysseus is dead and in their minds the kingdom is already theirs. So the king of Ithaca walks through his own halls dressed in rags while the men stealing his house sit comfortably at his tables. They mock him, throw scraps at him, and one of them even strikes him, and Odysseus takes it. That is the remarkable part, because the same man who blinded the Cyclops and survived twenty years of disasters now stands quietly while strangers insult him in his own home. Homer tells us his heart burns inside his chest and that he wants to attack them immediately, yet he restrains himself and waits. Instead of striking, Odysseus studies the room carefully. He counts the men, watches their habits, and quietly observes which servants remain loyal and which have betrayed him. The hero of the Odyssey does something most people cannot do, which is delay revenge until the moment is right. Eventually Penelope announces a contest and brings out Odysseus’ great bow, declaring that she will marry the man who can string it and shoot an arrow through twelve axe heads lined up in a row. One by one the suitors try and fail, because none of them can even bend the bow. Then the beggar asks for a turn. The suitors laugh at first, but the bow is eventually handed to him. Odysseus takes it in his hands and strings it effortlessly. Homer says the sound of the bowstring tightening rings through the hall like the note of a swallow. Then he places an arrow on the string and sends it cleanly through all twelve axe heads. In that moment the beggar disappears. Odysseus turns the bow toward the suitors and reveals who he is. What follows is one of the most brutal scenes in Greek literature. The doors are sealed and the suitors realize too late that they are trapped inside the hall. Odysseus, his son Telemachus, and two loyal servants begin killing them one by one. There is no escape, no mercy, and no negotiation. The men who spent years consuming another man’s house die inside it. It is a violent ending, but Homer wants you to understand something important. The real danger to Odysseus was never just the monsters and storms on the long journey home. It was the possibility that someone else might take his place while he was gone. When Odysseus finally returns, he reminds everyone in Ithaca of a simple truth: a man’s home is not truly his unless he is willing to fight for it.

@GardinerIsland 😂🤣

oil longs now like 50 fat guys trying to get through same doorway

@Mr_Neutral_Man Great work on this! 🫡

Just saw this $ALX Rego 1 sold for $235 mm gross, $202mm net Huge win. Seems like $20 per share of special divvy may have to be paid out. Will retain a good amount of cash. Northwell is the buyer. Rego 2 just got wayy stronger with many more high paying jobs in the future. finance.yahoo.com/news/alexander…

@iBladesi Agreed. Sad, indeed!

0 questions about the attempted nasty cap raise. Sad

$RPT bvps 31.80 vs 31.80 prior (really? 🤨). EAD -6c GAAP 33c. Press release is incredibly light on details and no slides up yet. A touch less resi, a touch more commercial. as is tradition. I'll update. Mike has some explaining to do.

NYC Mayor Zohran Mamdani: "We'll replace rugged individualism with collectivism"

@bigcoveranch Thanks! 🙏

@Phester Deferral, they issue a K1...

MY energy holdings main account 17.56%... MLP's Preferred's Equities $EPD 4.04% $ET-I 3.69%. $CNQ .55% $MLPX 3.70%. $XELLL .66%. $AETUF .25% $ET 1.78% $WES 1.07% $WMB 1.01% $OKE .81%

@bigcoveranch Is income from $ET-I taxed as ordinary or a preferential rate?

My Energy $CEF's in non tax accounts $PEO $NML $TYG $EIPI also $ENB...

@midteensyield @Mr_Neutral_Man Good question. I dunno. 🤷🏽

@Mr_Neutral_Man Why is apartment and single family still dropping like flies

Have not looked at $ARE results with the stock down yet today, the bat signal to go long would be when I get a bunch of texts from my value bro friends asking me if $ARE is cheap Until then, it's probably not a good technical set up. This is a mental model that I developed specifically for REITs with existential risk factors, i.e. indoor malls, offices etc in the past The key is to buy the best-in-class, i.e. Simon or Vornado or Alexandria The nice thing about the apartment REITs is that the market will not mistaken it for being broken or having existential risk with the exception of NYC or SF apartments in the post Covid era. But that was more about the geography rather than the asset class.

@iBladesi Smart.

ps: you have to not be apocalyptic about the energy sector to buy this. lots of energy exposure. equity and credit. I'm okay with it. It can get really nasty (see coof lows)

It seems like the market price of $PDX is tracking the NAV change (from VG being down bad) fairly well.. Interested to see nav perf after close.. at 9% discount to NAV (especially when VG is down in the dirt) i'd add to PDX

@iBladesi Sorry to hear this. Condolences. 💕

He didn't make it. Stomach cancer; large mass causing blockage. 😢 I might not be active on here for a bit.

@iBladesi Wishing him a good recovery. 🙏

My dog is very sick. But the emergency vet gave him little socks because his feet were cold and it warms my heart. 😢

@iBladesi Let's hope we see some action!

Happy PFF rebalance day to the 6 or so fellas that track this stuff.

@yenoms Nice! Thx! 🙏

Pref list from UBS It’s a solid and free resource, esp if you don’t already have lists created ubs.com/us/en/wealth-m…

@TarunAmasa @OpenAI I’m ready to give it a try! Invite please.

It’s official. We’ve raised $14m led by @OpenAI Startup Fund to bring AI to Excel. Endex is the first AI agent to live inside Excel. For the past year, we've been working with financial firms. Today we’re releasing it to the world. Our capacity is limited; comment below for an early invite 🧵

@iBladesi @yenoms Nightmare. Brokers executed standing limit orders to sell the shares being held... but then also tendered the same shares. This created unexpected short position in customer accounts. Shares are super illiquid and thinly traded. Disasterous.

@yenoms holy hell. sell mortimer

😂 $atco-h Games being played