firstprinciplescapital

Travelzoo ($TZOO) and why the market may be mispricing it: It is not a broken travel business. It’s an asset-light media + marketplace platform transitioning to a subscription model. The stock is priced as if the business is structurally impaired. That’s the mistake. 1/N

Lol. Rolling your eyes at the performative philosophy of a member of the most corrupt family in American history is apparently 'fuming'? Although if there was anything to be mad about these days, I think objecting to people lighting the world on fire so they can make a killing in prediction markets and kickbacks is probably it. yahoo.com/entertainment/…

@tunguz @grok what’s he talking about

I think he is being super nice because he knows the end is almost here.

RIP @SpiritAirlines Choked up listening to the final pilot announcement

@paulswaney3 😂😂😂😂everyone’s TL today

My whole feed is Bryan Johnson’s word vomit & JPM

@scottnero56 True, but they haven't shared any plan at all. $40 power cost appears to be the aggressive number. They will have rely on traditional sources to support HPC/AI

Good question, the photo below explains how they’re thinking about it. Most of what’s operating today is smaller-scale BTC hosting/mining (flexible load). The bigger AI projects (300MW+) are still in development — likely where you’d see more stable + hybrid power setups. So yeah, stranded energy alone isn’t enough yet, but that’s exactly what they’re trying to scale into. Still early.

Been digging into a small-cap name that’s actually interesting: Soluna Holdings $SLNH They’re building data centers directly next to wind/solar farms and monetizing stranded energy — power that would otherwise be wasted. Today it’s mostly BTC mining/hosting. But the real angle is where this goes: → AI / HPC compute demand is exploding → Power is becoming the bottleneck → Soluna is positioning as a low-cost, flexible energy + compute layer They’re still early: • Small operating base • Large development pipeline (a lot not built yet) • Execution + funding risk is real But that’s also where the asymmetry comes from. CEO @jbelizaireCEO is worth following — very active, consistently explains the thesis, and actually engages. This looks like a real opportunity hiding in plain sight. Microcap (~$150M), so it doesn’t take much for this to move. If they execute → this re-rates fast If they don’t → it stays a story What would you pay to get early exposure to compute infrastructure like CoreWeave or Nebius at this stage? I just bought in. Positioning while it’s still mispriced.

@chamath You can buy Loro Piana but not a sense of humor

@Greenbackd @grok why is it up

Small and micro caps continue to offer huge dislocations from intrinsic value. Here's $KFRC up 43% on the day. Disc: Long through $DEEP .

@InvestorDenis on top that, if this become cheaper, x.com/SecretaryBurgu…

@fpcapital_ We'll soon find out

$EOSE's moat is not only building an alternative to lithium-ion batteries. It’s also simplified the production process: 1/ No clean rooms are required. The Eos Z3 battery is based on zinc and an aqueous solution. Lithium-ion batteries require clean rooms to avoid moisture and dust. Being able to manufacture the batteries in a standard industrial environment reduces the capex. 2/ $EOSE stacks conductive plastic electrodes directly on top of each other. The electrodes are non-degradable, reduce internal resistance, and make the module mechanically tough. 3/ The battery box is a sealed polymer casing. This design minimizes materials, manufacturing, and maintenance. 4/ The battery is based on 5 abundant components. Zinc, titanium, graphite, plastic, and water. There’s no cobalt or lithium. 5/ $EOSE has a mostly domestic supply chain. Most of the components are within a day’s drive to its manufacturing facility in Pennsylvania. If $EOSE proves it can turn profitable, its upside will be huge.

@OpulentVocation What made you say do

Once I saw the make up of the firm and who they were hiring I gave them three years….. already returning cash in less then my 3 year mark

@KingKris90 @jbelizaireCEO @SolunaHoldings

Yup. $SLNH @SolunaHoldings

Recognize the juice of George Soros:

@disruptorinvest Who will be running the AI data center? since Soluna doesn’t have expertise in that area

@7FlyingPlatypus @disruptorinvest I think it’s still a narrative, they don’t have any AI data centers

@disruptorinvest With such a low market cap, and so many MWHs in development and such high demand for power, what doesn't the market believe about the narrative? Most likely the implied dilution? Please address financing needs and the dilution overhang.

@disruptorinvest When it comes to AI uptime is super important. How do you only rely on stranded energy

Is anybody on Fintwit hiring? Or looking to be hired? Try fintwitjobs.com. Would appreciate a RT for visibility! Thanks all

The SpaceX IPO is coming, and it will be a doozy, a futuristic company (spaceships, satellites and AI), a founder who will keep things interesting (Musk) and a price tag that may make it the most highly priced IPO of all time. bit.ly/3OYYWPp

@jbelizaireCEO @SolunaHoldings Isn't it a low margin commodity business? are you guys still be involved with bitcoin mining

"Key Takeaways: @SolunaHoldings Holdings and Blockware signed a 4th expansion deal, adding 3.3 MW at Project Dorothy 1B in West Texas. Blockware now holds over 17 MW across Soluna sites, making it the first customer at Dorothy 1B. Soluna plans to develop Project Dorothy 3 at the Briscoe Wind Farm campus as buildout continues." $SLNH @SolunaHoldings news.bitcoin.com/soluna-holding…

@JPSInvestments ya.. they also said Apr renewal number was good. but I still have no idea what Christina does

$TZOO - Management executing no differently as they've been guiding...stock up 50% today (+108% from my initial flag). • Cutback sales & marketing, dropping CAC significantly ($27 CAC against $50 membership), added another +50K members • Pace of member adds stable despite price increase • Advertising & Commerce revenues stable (~5% decrease YoY) • Repurchased 500K shares in Q1 • Still cheap...trades 8x annualized Q1 earnings with 12M net cash position with ~20% sequential growth in membership revenue x.com/JPSInvestments…