@BobLeFlambeur91 @Annatar_I It used to be extremely poor compared to Europe. Now it's not anymore, therefore net migration has turned negative.
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Nenko
48 posts
@Annatar_I Why are people leaving Bulgaria? Seems like a nice place to live if you are from there. And it’s not like there’s a lot of options of better places nowadays.
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It is amazing the extent to which the primate city keeps growing in depopulating countries, Bulgaria's pop is down 30% since 1991 yet Sofia is up 10%, if you visit Sofia, its impossible to tell this is the capital of a nation whose pop has declined by 30% in the last 35 years.
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@apppro1 @TradersCom @ThePitBoss16 @Cheniere As I understand it the issue is they are not allowed to recognize the mark-to-market gains from the long-term LNG sales contracts. So the loss in itself is not an issue. What I would like to know is if there is a duration mismatch between the nat gas buy and LNG sale agreements.
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@TradersCom @ThePitBoss16
@Cheniere $LNG damn. those once loved long term contracts are now no good I guess.
MORE revenue doesnt matter either when there is a PAPER LOSS.
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@txgermanbre Where I come from DW comes along as a terribly far left outlet annoying and trying to lecture everyone. It makes sense that a. Most Germans don't know what it's broadcasting and b. It's financed with the GEZ
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Me: Do most Germans get their news from DW?
Marcel: No. Not a single German watches
DW.
Me: Oh so it’s a psyop
Marcel: no
Me: So German CIA
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@DaleCloudman @rwlesq Absolutely, empire building on Big corporations is very real
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I generally agree (from first economics principles), but some counterexamples w/ institutions/bureaucracies
e.g. a middle or upper manager will look better the more headcount/larger budget they have, so they will hire people to fill *that* role, which does not benefit the company economically, but ends up being a bs job
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Even after the death of its author, "Bullshit Jobs" remains a cancer on the discourse. It was perhaps the most incurious book I have ever read (strictly speaking, I only read the first third).
Companies are not "subsidizing" anyone. If they are hiring someone to do something, there is almost certainly a reason beyond "we wanted to give this random person money." If you can't figure out why, it is probably a problem with you.
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@therobotjames I've done quite a bit ot all mentioned arts of betting with moderate success during the years. Looking forward to the articles of the series.
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sports betting for profit
platforms like polymarket let you trade in and out of sports bets like financial markets.
trying this is probably not a good use of your time.
you should probably go outside.
but i wouldn't listen to me and you won't either.
so i wrote a thing
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@leevalueroach Even after this pullback I find it very difficult to find undervalued software names on GAAP-earnings basis.
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Software stocks are getting destroyed right now.
Some of these names are approaching levels where you're buying the recurring revenue stream at a discount. Real deep value territory.
But before you back up the truck, check the stock-based comp. A company trading at "15x earnings" means nothing when SBC is diluting you 5-8% a year.
That cheap multiple is a mirage if they're printing shares faster than they're buying them back.
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@rhunterh @Abude_al_asaad my advice would be buy puts on such names before they actually decline
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Terminal value of 99% of companies is ~$0, the terminal value in a DCF is a statement of belief about how quickly it gets there. In the full course of time every business is a declining annuity.
Long Equity@long_equity
Sometimes compounders stop compounding. What lesson do you take away from this?
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@Floebertus @illyquid @origoinvest SK Hynix is listed in Frankfurt but SK Square is not listed anywhere but in SK, no?
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You can buy SK Hynix at a see-through market cap of $270B market cap via SK Square
Analysts now projecting >$300B of EBIT in 27E
Not a typo - just saying
Jukan@jukan05
Macquarie sharply raises earnings forecasts for Samsung Electronics / SK hynix 1. Samsung Electronics • Target price: KRW 340,000 (+24% vs. prior) • Operating profit (OP): FY26E KRW 301tn (US$208.8B) / FY27E KRW 477tn (US$330.9B) 2. SK hynix • Target price: KRW 1,700,000 (+21% vs. prior) • Operating profit (OP): FY26E KRW 272tn (US$188.7B) / FY27E KRW 447tn (US$310.2B)
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@DeepMoatSociety @ReturnsJourney @EveryTicker Thanks for sharing the ticker & how do you arrive at 14 P/E if I may ask? Koyfin shows me 84.6 NTM P/E for this one
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Exail Technologies (EXA.PA) - The "Sea-Drone" Specialist
• The Play: A French mid-cap leader in autonomous underwater vehicles (AUVs) and high-end robotics for naval defense.
• Valuation: Often overlooked by the "herd," trading near 14x P/E despite a massive backlog.
• The Moat: Their "iXblue" navigation technology is world-class, used by 40+ navies. As the world moves toward unmanned naval warfare, Exail is the primary hardware/AI beneficiary.
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Any defense / AI plays in europe under 15 times profit
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21.6% of my portfolio is in these 3 companies. $TMV $GXI $HFG
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@JaguarAnalytics $AXP maybe as they extend credit themselves, $MA and $V do not and only earn on the transaction fees. They could at most get hit by second order effects (less transactions), but then so could non-cc companies as well.
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@KGBULLANDBEAR What makes you think it is hard to extract? I read the exact opposite opinion from experts on the field
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1) Proven reserves does not mean readily available.
2) Venezuela oil is heavy sour, tough to extract, and will take time to ramp up infrastructure. Years not months. Well beyond Trump's term and will not be reflected in gasoline prices anytime soon outside of futures moving lower on the news.
3) Light Sweet crude( what we mainly produce) is ideal for gasoline and other light byproducts. Heavy sour more for heavy byproducts generally.
Shay Boloor@StockSavvyShay
Venezuela holds ~20% of the world’s proven oil reserves yet accounts for just ~1% of global production. The significance of today is that the largest untapped oil reserve on earth is effectively being reopened. Lower oil prices translate directly into cheaper gasoline which eases pressure at the pump which matters a ton heading into the midterms.
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@ReturnsJourney @MikeFritzell @irbezek The one I am interested in (Odontoprev) doesn't have an ADR unfortunately. They used to have one but not anymore. IBKR offers a CFD but than you need to pay the financing rate, which for BRL is quite high these days, so not an option for me either.
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People apply high discount rates to equities in emerging markets as if they were bonds: Brazil, Argentina.
They'd probably be better off applying high discount rates to companies in countries with poor corporate governance/unreliable accounting instead: the PRC/Vietnam/Korea.
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@MikeFritzell On a related note, how does one buy Brazilian equities? Have had no luck in IBKR. ChatGPT says I need a Brazilian broker.
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It's hard to say how much of the Brazilian equity market slump is due to politics vs high interest rates, or maybe both. But it must be one of the factors.
If you want to buy Brazilian equities cheaply, you should buy them right now and not wait until rates have come down.
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@taobanker I am heavily considering adding this one to my "nothing ever happens" basket.
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no one has tweeted about $tep.pa for over a month
kab60@kab604
It's also funny how $TEP.PA got wacked on Klarna laying off customer service agents, whereas it seems to matter little to sentiment that Klarna did a 180, as their customers hated autocomplete bots
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@autistocrates Sure, the religious aspect of art is implicit, but that is not the point. Furthermore: "thou shalt not bow down thyself to THEM, nor serve THEM". It clearly refers to images and sculptures of "outsider" gods. God's kingdom is out of scope. That's what I read into it anyway.
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@nenko_g No. It explicitly bans art. The religious aspect of art is implicit, yes, because the artistic instinct is inherently religious.
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Wrong. The Bible explicitly forbids sculpture, paintings and other forms of imagery. It's not "my logic", it's what the text says.
Is the Bible right? If so, Christian art is vile idolatry and must be condemned.
Is the Bible wrong? If so, why be Christian?
Which is it?
Communio@Communio13
Idolatry is not that. It's putting false gods before God. Worshipping them, adoring them; which is distinct from veneration. If your logic followed, sculpture, paintings, carvings of mundane men and women "or any thing on the earth" would be prohibited. The Decalogue was passed down in the context of the Jewish people creating and worshipping a golden calf statue in the desert. God however did allow them to build a bronze seraph serpent sculpture which when looked upon would heal the punishment for the sin of their anger and rebellion against Him (prefiguring Christ crucified). Therein He is instructing the thing you think He is forbidding, because you are wanting to be blind to the intention for preserving or creating these representations.
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@joinyellowbrick @taobanker Not bad, though ChatGPT has the total return for the S&P 500 for the same period at 36,9%. On the other hand, since it is from multiple countries it is possibly better diversified. Interesting to observe as the sample grows. Do you track return on the insider trades?
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Yellowbrick Portfolio just crossed +40% (started May 2024).
Not bad for only copying stock ideas from the best free investment write-ups using no leverage, no options, and equally weighted position sizes across 30+ stocks from multiple different countries.
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