Jason

The problem is 60% not leaving will vote for kotek because it “feels” right. The state needs a change or conservative working families will continue to leave this state. They will simple have no other choose as jobs exit, costs rise, schools get worse, families shrink, and working class Oregonians are taxed out. Tina priorities don’t align with the majority of this state but portland controls so much of the vote. If you don’t win this time there might be no turning back. Need to take a stand right now. Just not sure it will matter unfortunately. They always find the votes in the end.

40% of Portlanders are considering moving. The solution from Tina Kotek’s allies: impose more tax and fee hikes to make the city even less affordable. The average Portlander will see $1500 in new taxes and fees for utilities, water rates and trash collection. Even the art tax is going up. This is what happens when our leaders put their own agendas before serving our communities. It has to change, and it starts at the top. axios.com/local/portland…

I have been in NOW & Microsoft LEAPS with smaller starter leaps in CRM & ZETA. When you recommend being selective. I agree. What are other SAAS opportunities that will benefit most from this Ai rotation? My thesis is Ai is commoditized while value added products will benefit from less capex spend. I don't need to own the railroad I want the FCF beneficiaries and see these companies benefiting. Microsoft is is except from capex thesis but the distribution/built in base of consumers thesis is very strong.

$NOW People looking from the outside are probably thinking they missed the run up but in truth we’re not even remotely close to fair value. $150-175 is more fair value today with 200 a price target by the end of 2027 is very possible. It became oversold relative to the underlying business fundamentals because of the AI disruption narrative. This pushed forward multiples down even with growth keeping pace. This also resulted in capital flight from SaaS in hardware names that were running last year. This makes the expectation hurdle higher for hardware names on a forward basis and lowers the hurdle for SaaS names. Another factor is market weighting by index funds like QQQ which indiscriminately sold off strong SaaS names without considering AI disruption risk on a per company basis. This gave Managment a rare opportunity to deploy significant capital towards share repurchases at a significant discount to issuance prices over the last 5 years. This will boost future EPS. What we see on the cashflow statement of SBC being a cash equivalent expense just got flipped. If you issued shares to employees at $200/share and bought those same share back at $100. Did you pay the employee at $200/share or $100? Most SaaS businesses have little to no debt and strong free cashflow margins. Companies like $CRM can opportunistically lever up the balance sheet and do multiple ASR programs to claw back all the past dilution and slowly pay down the debt while retaining most of the upside for shareholders because of the significant difference in upside on share repurchases vs debt issuances. While some future cashflows do end up going towards debt servicing, cashflow on a per share basis climbs much faster. Next 6-12 months will see more money rotate into select SaaS names as disruption fears subside. The key is to be selective and not just buy every SaaS name thinking everyone’s recovery potential is the same. Pick the strongest companies with proven leaders, technology and durable moats + cashflows. As for Service Now… this is only the beginning up the move up. Have a great weekend.

@TinaKotek @grok how much did Trumps Big Beautiful bill save the Average Oregon household. Can you provide context on SALT impact for middle class earners, tax on tips, and retirees

Oregon families are paying the price of President Trump’s recklessness. His tariff taxes added $845 to Oregon households’ costs for basic essentials.

@HaterReport Not a fan of either team but like sports and basketball. For casual sports fans like me it's pretty obvouis OKC is a bunch of foul baiters and flopers. Not sure why the NBA would encourage this.

Alex Caruso ran into Stephon Castle ON PURPOSE and fell down lmao. Castle got whistled for a foul 😭😭

I bought $60 2028 leaps. I target an 80 delta and met criteria on buy. Looking to add as I like the value NOW can bring in agentic as Ai is commoditized. My concern is the IV crush here which is currently elevated. How do you weigh risk of IV crush in a company that is down as much as NOW? Vs missing an entry

You could buy 100 shares of $NOW right now for $9,497. Or you could buy the $80 call LEAP expiring June 2027 for $3,265. Same directional exposure for 66% less capital. Strike: $80 Expiration: June 17, 2027 Premium: ~$32.65 per contract Breakeven: $112.65 If $NOW hits $115, this LEAP returns ~7% If $NOW hits $130, this LEAP returns ~53% If $NOW hits $145, this LEAP returns ~99% 100 shares at $145 returns ~53%. The LEAP nearly doubles. Why I like the setup: - Q1 revenue hit $3.8B, up 22% year over year - Now Assist AI is tracking toward $1.5B in annual contract value, up from a $1B internal target - AI customers spending over $1M in ACV grew over 130% year over year - Raised full-year subscription guidance to $15.755B - Stock pulled back 14% after Q1 on geopolitical headwinds - potential oversold entry point - 398 DTE gives you time through multiple earnings cycles The max you can lose on a LEAP is the entire premium you paid. In this case, that's $3,265 per contract. LEAPs are leveraged and can lose value quickly if the stock drops or stays flat. Only size this so you're comfortable losing all of it. Note: LEAPs are one tool inside a broader portfolio. Owning shares is always the primary use of capital. This is a selective add-on for high-conviction moments when conditions align. NFA DYOR

@SpacePoke212 @Hero_OfThe_Day @NBA Yeah. Good point. LA is not beating OKC even if all the OKC flops don't get called. Lakers have always benefits from the whistle so in that regards they Kinda deserve this in a way. Lol

WHAT!? Chet Holmgren steps on a landmine, foul on the Lakers!! The @NBA has fallen……. 🤡🤡

@SpacePoke212 @Hero_OfThe_Day @NBA The nba is a joke at this point. It's like the wwe…i don't really care who wins. Just annoying the games are about officials. And OKC doesn't need to flop around to win. Clearly the superior team

Flopping is wild. If they started calling flopping fouls maybe it wound stop. I watched this game and OKC is to good to also get away with exaggerating every contact and holding/grabbing to get extra calls/leverage throughout the game. Once LA started trying to mimic the behavior the game was about officials vs athletes. It's not what the game should be,

@GovTinaKotek Enormous homeless complex being build few blocks away. Let’s see how this ages,

Oregon City Brewing Company transformed a former carpet store into a thriving local hub. Supported by the Small Business Sustainability Fund, they're expanding production and markets, boosting Oregon's craft beer and small business growth. #WeLoveOregon365

@dom_lucre At 16 you have all the natural T you need. Just gotta get in the gym and eat steak. Unless he has medical issues this shouldn’t be allowed.

🔥🚨BREAKING: This 16-year-old revealed he doesn’t care if he dies in 14 years from taking steroids because he is “looksmaxing” and wants to be like the “looksmaxers” he sees online. Young boy: "If I have a heart attack at 30, I have a heart attack"

grocery outlets doing fantastic and growing tremendously. They even opened a new DC in north Vancouver. Grocery stores closing in portland have more to do with local taxes - CAT tax, homeless tax, daycare tax & crime. These are local issues. It’s way higher WFH earners are leaving the state. The data is available? Can you not see this?

Trump’s tariffs are driving up costs on groceries, medications, and everyday essentials. Businesses need predictable conditions to succeed, not chaos from D.C. I’m working hard to protect Oregon’s economy. Let’s keep pushing back together.

@KATUNews Grocery outlets aggressively growing and expanding. Why would they close the Portland store location in an area with limited options already per this article? Why?

Food deserts are becoming more dire as the price of gas goes up and fewer grocery store options narrow consumers' choices even further. katu.com/news/local/eas…

@grok @TheRealFarley @grok do all the homeless people that are downtown count as part of the foot traffic being reported?

Not deception—Downtown Portland Clean & Safe's 2025 Placer.ai report shows 32M pedestrians (up 5.5% from '24), busiest summer since pre-pandemic, Saturdays at 89% of 2019 with some exceeding. Weekdays lag on office return. You're right there downtown—what street/time feels empty? Local view counts.

@grok is Portland over?

I am in transportation. Touch almost all industries. The core food/beverage are getting by. Only those with gov contracts expanding or growing. OLCC, city contracts. No new private industries, or business moving in unless severely underserved.,No one adding into Portland Metro. Vancouver metro, Pasco, remote is better. Portland businesses going north to get away from oregon taxes. WFH high earners will be leaving Oregon now as oregon continues to put all burden on middle class. It’s going to be seen in mid/high value homes soon.

When is the last time you saw a crane in downtown Portland? The only building is being done by the government, using taxpayer money - and none of their projects are being built to benefit these same taxpayers.

@Rothmus I am 90% confident Oregon and Washington would also be red. Thank you.

I have a suggestion.

@SenJeffMerkley @grok how much did costs increase per household under Joe Biden?

Trump’s philosophy: Families Lose, Billionaires Win.    Let’s build a vision where families thrive and billionaires pay their fair share.

@Punity32 @YayaPatriot lol. Most Oregonians are former Californians.

@YayaPatriot Please tell your friends Washington doesn't need any more Oregonians here. Would rather fill our cities with Californians.

Friends from Oregon are moving to WA because "no income tax" and they are retiring. I let them know about the income tax that the legislature is trying to pass and they said we'll, we just have to live in our house for 2 years and we have options. Then I shared about the 35% estate tax and they said, well, we won't die in WA. x.com/i/status/20234…

If estates over 1m in Oregon it's taxed. that number jumps to 3m in WA but % runs up aggressively to 35% over 9m in WA. Estates under 4m would be better off in WA vs Oregon which are more common. Or just build a trust. Income tax in Oregon is 8.75 over 22k and 9.9 over 125k. Portland tri-counties add 1% homeless and 1%+ daycare tax on top earners. Basically all dual incomes. Portland metro taxes are horrific. If you’re moving it makes sense to cross the River even with WA having similar issues. As oregon resident I hope they do t implement an income tax in WA. I would like to see Oregon eliminate it and go to sales tax. Will never happen however.

@Oregonian @grok how does portland bankruptcies compare to other major cities?

Oregon business bankruptcies hit a 12-year high oregonlive.com/business/2026/…