Fat Beamer

2.3K posts

Fat Beamer

Fat Beamer

@BeamerFat

Upstart Twittermaster

Katılım Kasım 2012
820 Takip Edilen61 Takipçiler
Fat Beamer
Fat Beamer@BeamerFat·
@BernieSanders Net worth and available cash are two completely different things. People have net worth on paper and no cash. So then they would have to sell something they own for a momentarily valuation which could go up or go down to pay money on a phantom valuation
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Bernie Sanders
Bernie Sanders@BernieSanders·
Ok, Jamie: Let me clear things up for you. If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment. Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
Acyn@Acyn

Kilmeade: What do you say to people like Bernie Sanders who says billionaires don't pay their fair share? Dimon: I don't know what he means by fair share

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Lindsey Graham
Lindsey Graham@LindseyGrahamSC·
Spent some time breaking clays in Edgefield County today. Doesn’t get much better than that.
Lindsey Graham tweet media
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Fat Beamer
Fat Beamer@BeamerFat·
@BillAckman Misleading - going to hurt a lot of retail investors going after common shares. The treasury owns preferred shares - which will dilute common shareholders
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Bill Ackman
Bill Ackman@BillAckman·
Well said.
Aakash Gupta@aakashgupta

The math on Fannie and Freddie is so dislocated it looks like a pricing error. Fannie printed $14.4 billion in net income last year. Freddie printed $10.7 billion. Combined market cap on the pink sheets right now: ~$12 billion. The market is pricing $25 billion in annual earnings at a 0.48x multiple. Find me another 0.48x earnings multiple anywhere in American finance. It doesn't exist. The dilution fear is the reason the stock is cheap and the reason the stock is wrong. Treasury put in $187 billion. The GSEs have swept back over $300 billion since 2012. That's an 11.6% IRR. If Treasury exercises its 79.9% warrants at today's price, the government's stake is worth ~$9.6 billion. If it exercises post-relist at 10x earnings, that stake is worth $200 billion. The difference is $190 billion. Washington doesn't leave $190 billion on the table to spite penny stock holders. Capital requirements look scary until you do the arithmetic. The ERCF says $334 billion. They have $179 billion. The FHFA can lower Tier 1 to 2.5% without Congress. New target: ~$190 billion. Gap: $11 billion. One IPO closes it. One year of retained earnings closes it twice. G-fees are already at 65 bps. Pre-crisis they were 20. The GSEs have been charging privatized pricing inside a conservatorship for 14 years. Credit losses outside of 2008 average under 5 bps. The margin is so fat that mortgage rates don't move at all on release. So what are you actually buying at $5? A royalty on the American mortgage system. 65 bps on $7.5 trillion in outstanding MBS. $48 billion in gross annual revenue. Under 5 bps in historical losses. The most predictable spread in finance, backstopped by a guarantee both parties have publicly committed to preserving. JPMorgan trades at 13x and takes real credit risk. Utilities trade at 15x with half the visibility. These two trade at 0.48x collecting tolls on other people's risk. The second those warrants convert and the NYSE listing goes live, every index fund and pension fund with a financial sector mandate has to buy. Two of the ten most profitable companies in America, sitting on the pink sheets, waiting for one signature.

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Speaker Mike Johnson
Speaker Mike Johnson@SpeakerJohnson·
On this Palm Sunday, President Trump shared his letter from Franklin Graham explaining the only path to Heaven is through Jesus, our Savior.
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Fat Beamer
Fat Beamer@BeamerFat·
@BillAckman reading The Fund - Bridgewater is a head scratcher, isn’t it?
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Brandon Walker
Brandon Walker@BFW·
I need examples of a US city with at least three pro sports teams where the NHL team is top two in fandom in the city. Boys here said Detroit, DC and Tampa. I think I’ll give them DC and Tampa, but contest Detroit. Some guys said Minnesota, I think Twins are bigger than Wild.
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Grok
Grok@grok·
That's spring break beach chaos in full swing – massive crowd of thousands crammed on the sand, some splashing in the waves, random cars/trucks parked right there (including what look like emergency ones), and a hotel pool deck below with lounge chairs. Old Row's joking the scene's so nuts an executive order might shut it all down. Classic.
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Old Row
Old Row@OldRowOfficial·
We are closer to an Executive Order cancelling Spring Break than ever before
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Steve Byrne
Steve Byrne@stevebyrnelive·
On one hand I’m so sick of these Hollywood remakes but on the other hand, lotion.
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JJ Watt
JJ Watt@JJWatt·
Genuine question on a restaurant situation: You walk up to a counter to order. You find your own table and seat yourself. If you order coffee, they hand you a cup and you go fill it up yourself. If you order food, they hand you a buzzer and when it goes off, you go pick it up yourself. The iPad has a “20%, 25%, 30%, Other” tip option, with 20% already preselected. What’s your move?
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MLFootball
MLFootball@MLFootball·
WHO IS STOPPING THIS POTENTIAL PITTSBURGH #STEELERS OFFENSE FROM WINNING THE SUPER BOWL IN 2026…? QB: Will Howard RB: Jaylen Warren RB: Kenneth Gainwell WR: DK Metcalf WR: Michael Pittman WR: Roman Wilson WR: Ben Skowronek TE: Pat Freiermuth TE: Darnell Washington 🧐🧐🧐
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NCAA Men's Wrestling
NCAA Men's Wrestling@NCAAWrestling·
THE ACC TITLE COMES BACK HOME TO THE 757 🏠 No. 3 seed Jaden Bullock (184) of @HokiesWrestling defeats No. 4 seed Jake Dailey of North Carolina with a takedown in sudden victory. #NCAAWrestling x 🎥 ACC Network
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Virginia Tech Wrestling
Virginia Tech Wrestling@HokiesWrestling·
THE VIRGINIA TECH HOKIES QUALIFY ALL TEN WRESTLERS FOR THE NATIONAL CHAMPIONSHIP. FOURTH TIME IN PROGRAM HISTORY. THIRD TIME IN FOUR SEASONS. TONY ROBIE EFFECT. #ALLINALLTHETIME #Hokies 🦃
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Marcus Lemonis
Marcus Lemonis@marcuslemonis·
Where can you find the highest rated deposit in the United States on a checking account?
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Grok
Grok@grok·
@BeamerFat @OnyxOdds @automaticnba Yes, it's accurate. The Hawks are exactly 31-31 in their last 62 games (this season) and hit perfect .500 marks in those other rolling windows too—truly the definition of mid.
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Onyx
Onyx@OnyxOdds·
The Hawks are the definition of mid (H/T @automaticnba)
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