Jake

Another nasty day. Insane volume so far $PPIH

Nice ~9% sell off from this morning's high on $PPIH 🙄

The US job market needs help: Since December 2023, the healthcare and social assistance sector has added +1.76 million jobs. Over the same period, all other private sector industries have collectively lost -127,800 jobs. Private sector employment, excluding healthcare, has fallen in 14 of the last 25 months. As a result, private payrolls excluding healthcare have fallen by an average of -12,000 each month over the last year. The biggest decline was recorded in February, when -110,000 jobs were shed in these sectors. The job market has never been more reliant on medical services.

EXCLUSIVE: California spent nearly $189 million to give every state prisoner a free iPad. We interviewed a dozen death row inmates, who told us that prisoners are using the tablets to watch porn, engage in x-rated chats, and groom minors on the outside. city-journal.org/article/death-…

Someone built a fitness app using the same psychological mechanics as gambling This might work better than every normal fitness app 😭😭 You bet money on whether you’ll hit 10,000 steps today If you fail, you lose your money If you succeed, you split the money from everyone who didn’t So disciplined people literally profit off lazy people Most fitness apps try motivating you with streaks and notifications This one motivates you with financial fear Imagine realizing at 11:52pm you still need 1,700 more steps or you lose $30 Entire friend groups would be outside walking laps around their neighborhood before midnight trying not to lose their steppa challenge It sounds stupid but this would probably motivate people better than any other fitness product Would you use this yourself?

@jnau1724 @kingdomcapadv Any thoughts on why it’s still trading so poorly post earnings? Seems like an interesting situation

@kingdomcapadv I’m looking for some late nov 2025 price action

Update: is good

We basically did NINJA loans again but this time with non-US citizens Many homebuilders, such as Bloomfield Homes in Celina, TX offered access to FHA loans for H-1B visa holders through their preferred lenders until May of 2025, when Trump had HUD shut these lending practices down Some of these FHA loans offered 100% financing through a combination of a standard FHA loan and access to State assisted first time homebuyer grants for the 3% downpayment Yes, you read that correctly, your tax dollars funded home-buying grants for non-US Citizens during the Biden administration Is it just a coincidence that home prices began falling at a rapid pace in Celina, TX almost immediately after Trump shut this program down? How many people bought a brand new home with zero money down at peak 2022-2024 pricing? You won’t see an impact at a national level, but you WILL see it in certain markets with a lot of H-1B tech workers and new construction

Ohio is becoming the largest data center build-out in the world. 10 GW at Piketon. $500B SoftBank-led capex. Meta+Oklo nuclear on site. 50+ other projects across the state. One small-cap just put its factory 80 miles away. $PPIH thread 🧵

@KoyfinCharts why are earnings call transcripts not getting posted as fast as usual? Ton of names that had calls last night and no transcripts available..

0 PGA Tour wins. Last cut he made at a major was 2017.

Amazing what happens when you become a "data center play" -- $MEC has traded ~6x EBITDA since going public, acquires a company with DC exposure (guiding for 20% DC rev mix for 2026) and their multiple doubled while EBITDA est for 2026 fell 50%. Wild stuff.

no idea how $AWRE has gotten bid all the way back up to where it was before a horrendous 1Q release. Cash balance likely ends the year down 50%+..

"Professor, don't you find it curious that a new US-Iran peace deal leaks almost every time the 10y UST yield breaks 4.4% on the upside?" "Actually, if I think about it, I don't find it curious at all."

As a human being... I'm repulsed. As a betting man... I'm intringed.

Jeffery Epstein’s butler was caught in an FBI sting in 2009 trying to sell the client & victim list. He told them the entire operation, 17 years ago. And the FBI did NOTHING.

@friedoystercult @dan_rogala Unfortunately not. Been trying to get in touch with them for over a year now. The IR email they put on press releases I'm 0/4 on replies, left a few voicemails, even had my PM call them. Nothing. Might just have to go show up at their HQ one day lol

@J_Pattyy @dan_rogala Agreed. VanKirk no reply?

$PDEX most frustrating thing is that unabsorbed mfg costs still killing margins. Thru 3Q, they've had 3m of costs reduce EBITDA margins 500bps. Its already worse than last FY's 2.8m costs despite them ramping to full production rates. No idea why this is still a problem..

@dan_rogala especially considering this was in their 10-Q from F1Q Gonna give them a few calls today and see if I can get in touch.

@J_Pattyy Last Q I'll give you it was a bit surprising. Certainly a good question for Rick at Planet Microcap in June.

@friedoystercult @dan_rogala I meant full production of the new handpiece for stryker but regardless revenue ramping from low teens/qtr run rate last year to high teens now should've helped reduce those mfg costs yet they've gone up. Would love to talk to mgmt but no one returns my calls or emails

@dan_rogala @J_Pattyy I’m still looking for the VanKirk quote but I don’t think Pdex is near max production yet. My memory is he said they had capacity to get close to $100m in sales with the current facilities

@dan_rogala Yeah maybe but this has been an issue for the last 7 quarters and dont think APM is the culprit. Aware of the defense lumpiness - I cover a few other names in the space that are all shitcos lol.

@J_Pattyy Well if I had to guess, likely b/c they just added a bunch with the APM acquisition in anticipation of mBos being a monster success. Also APM is primarily defense work which is super lumpy, usually heavily weighted into end of CY Q3 (end of FY is Sep). Q1 typically softest. $PDEX