Red Panda Invests

@glennhodl @Strategy STRK is fantastic at these levels. Saylor knows how good it is and stopped offering any more shares quickly. So it wouldn't surprise me if that's the only one they try to buy back. But they shouldn't do buybacks until they have over 2B in cash. But they might.

Attack is the best form of defense. Or something like that. The market offered @Strategy the opportunity to buy themselves out of $10 a year perpetual dividend obligations for just $49. My bet is they took it. $STRD and $STRK buyback charts.

@DimitryNakhla So just 25% (120b->150b) upside when the market finally decides it wants to take notice and value it fairly, which could be years away? Meanwhile other stocks do that in a week.

Back of the envelope $SPGI $SPGI trades for $120.82B market cap. Apply $MCO current 26.31x NTM multiple to $SPGI 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 business ($3.14B LTM operating profit) → $82.61B Apply $MSCI 27.20x NTM multiple to $SPGI 𝐈𝐧𝐝𝐢𝐜𝐞𝐬 business ($1.33B LTM operating profit) → $36.17B 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 + 𝐈𝐧𝐝𝐢𝐜𝐞𝐬 = $118.78B $SPGI entire market cap is $120.82B ___ You’re basically getting Energy (Platts), Market Intelligence, and the Mobility spin-off for free And here’s the value to those: 𝐄𝐧𝐞𝐫𝐠𝐲 (Platts): $975M LTM operating income (14.72% CAGR from 2021–LTM) — Conservative 15x multiple → $14.63B 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: $1.21B LTM operating income assuming 8.5x multiple (IYKYK) since according to Mr Market it’s never going to grow → $9.68B 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 (spin-off): low-end $7B All together = $31.31B ___ 𝐈𝐦𝐩𝐥𝐢𝐞𝐝 𝐭𝐨𝐭𝐚𝐥 𝐯𝐚𝐥𝐮𝐞: ~$150B, or ~25% higher than today’s market cap (~$510 share price) — $118.78B + $31.31B = $150B All while margins keep expanding and >80% of FCF is returned to shareholders At some point, Mr Market will take notice For now, let the accretive buybacks continue ___ Post inspired by @moats_multiples who shared an excellent piece titled “Inside TCI’s Conference: The Anti-AI portfolio” — link below 👇🏽 moatsandmultiples.substack.com/p/inside-tcis-…

@drayinvests What % gain is that ton the chart? a billion % in a day? You'd need to do 1000x leverage on a leveraged stock to get that, but more likely you lose 100% in a few seconds.

What stock this week is going to SKYROCKET like this?

@__Con_ $KO is at fresh highs. $CAT is about 5x above fair value. $HSBC bank is up 250%+ since early 2023. $JMG 2x. $XON hit highs. Gold has had a huge bull run the last few years. Lots of places money has gone.

Everything has been down. From The Space Sector: $ASTS, $RKLB, $SPCX The Robotics Sector: $AMBA, $VPG, $OUST The Biotech/Health Sector: $VKTX, $ABCL, $HIMS The Crypto Sector: $HOOD, $COIN, $CYPH The AI Enablers: $AAOI, $MU, $NBIS The AI Beneficiaries: $ZETA, $SOFI, $NOW And everything else: $RIVN, $NIO, $CVNA So where has money gone?

@Anawatlbtb Why do you rate their financial health weak? They have $7.13M cash and make $~2.5M/quarter. Each buildout has been financed by future equity at higher prices. They cancelled the current ATM because they do not need any immediate cash.

$VIVO Noticed an interesting pattern with DGXX two days before they announced their deal with CBRS: Day 1: +10% Day 2: +9% Day 3 (Announcement): ~ +33% 👉 The DGXX deal details (40 MW total): Phase 1: 15 MW Phase 2: 25 MW TL;DR: Starting at 15 MW → ramping to full 40 MW by 2027. Now looking at $VIVO. On Friday, it surged +10% before getting slapped down to close at +2%. The market seems hesitant, which is understandable. They just closed the acquisition of their 41.5 MW Data Center on April 21, 2026. Only 2 months ago, and now they're targeting a deal announcement by June 30? Yes, it seems incredibly fast. But here’s the kicker: this deal likely won’t be phased like DGXX. The entire 41.5 MW of power is already online and ready to go—no construction wait time. This is a true revenue-generating "power-backed AI infra asset." A deal like this could spark an even bigger run than DGXX. But of course, let’s see if they deliver by the 30th or if it gets delayed. Personally, even if it gets pushed back, it's still a solid hold for me. I believe this deal is bound to happen. Here is why: 1️⃣ 2/3 of the process is already done: $VIVO announced their shortlisted AI tenants back on May 21, 2026, following an RFP process that saw stronger-than-expected bids. Tenants have been selected; they are just finalizing the contracts. 2️⃣ High asset demand: During the process, they even received buyout offers for the entire asset at a premium over what VIVO paid, but the board rejected them. The demand is real—this isn't a case of struggling to find tenants. 3️⃣ Insane competitive advantage: Power costs are under $0.035/kWh, backed by 100% hydro energy—among the lowest in Europe. In an era where AI data centers consume massive amounts of power, this is a massive moat. 4️⃣ Not a random deadline: June 30 marks $VIVO’s fiscal year-end (FY ends June 30). They have high incentives for reporting and credibility to deliver on time. ⚠️ The Risk Case (Why it might stall): June 30 is a "target," not a hard legal deadline: The company used the phrase "target for agreement," meaning timelines can slip. Weak Financial Health: $VIVO’s financial health is currently rated weak with interest payment risks. Companies desperate for immediate cash flow can sometimes rush and break deals. Complex Negotiations: Finalizing 10+ year contracts with major AI operators rarely wraps up in just 1–2 weeks. Let's see how this plays out on the 30th. 🔍

@Anawatlbtb It is great to be conservative with your fair value market cap. I completely agree that current fair value is in that range, i'd argue upper side of it.

$VIVO Current Fair Value Outlook (Pre-Deal, June 26, 2026) Current Price: ~$5.6–6.1 (Market Cap: ~$95–103M) My Estimated Fair Value: $12–20 per share (Market Cap: $200–340M) Key Investment Thesis 41.5MW Data Center: Acquired for $41M, this asset currently generates $10M/year in EBITDA from crypto hosting, with an additional ~$1.9M EBITDA upside potential from the Statnett reserve market. +40MW Expansion: Offers a clear path to scale total capacity to >80MW—a massive optionality that remains largely unpriced at current levels. Tembo Spin-off: Management is targeting an $838M valuation, with VivoPower retaining a majority stake post-spin. This represents a major "hidden value" catalyst that the market has yet to fully credit. High-Quality Infrastructure: Premium assets backed by ultra-cheap hydropower (<$0.035/kWh) coupled with a highly strategic pivot toward AI Data Centers. Deep Valuation Discount: The stock is currently trading at an incredibly depressed valuation relative to the intrinsic value of its physical assets. My Conclusion If a solid deal is announced (meeting or beating the June 30 target timeline) backed by a robust contract structure: The stock has a strong potential to rerate into the $25–40 range in the short-to-medium term (Market Cap: $400–650M). This implies a massive 3x to 6x upside from current levels.

@StonkChris Yup. my bag is over $300 average. bit painful

$COIN looks incredibly heavy right now. I still think the path of least resistance is lower, and a move back below $100 later this year wouldn't surprise me. Big bagholders in this name.

@crypto1nfern0 If BTC yield > 0%, it deserves a premium. Couldn't be more simple than that.

Notice that the financially illiterate "investment case" for $MSTR assumes the stock will remain perpetually overvalued (and can therefore make "accretive" acquisitions in perpetuity). $MSTR deserves NO premium, and maybe that premium (and this mania) is finally going away.

@MattWalshInBos I agree, and I think the Strategy Board / Saylor do too, which is why they did the recent repurchase. I think they will keep buying them back, but they should be very very careful with what capital they do so with. They should not take the USD reserve down as low again.

1/9 I do not follow the company or every security religiously, so I may be missing something (almost certainly am!) But I have been trying to understand what happens next. My sense is that the convertible notes may now matter more than the preferreds. A few thoughts.

@StonkChris I actually thought BABA would nicely a couple of months ago. I was completely wrong!

I meant to say $BABA is the biggest pos stock of 2026

@AdamBLiv That's basically what they did last week, just add to the USD reserve with token BTC purchase

MSTR current CEBE: ~141,434 sats/share MSTR current CEBE mNAV: ~1.15x Still logical to swap MSTR equity for cash here at this premium to bolster the USD reserve. They could do this, and then just sit on their hands and do nothing for a long time. Pay the dividends, go to the Winchester and have a pint, and wait for this whole thing to blow over. 🍺

@RogersHistory The awful thing he did was let the media disinformation campaign against him go unanswered. It doesn't matter if he did a good or bad job, if all the coverage is negative, whether it's true or not. Media reforms are absolutely needed, but won't happen.

Can someone explain to me the awful things Keir Starmer has done since his landslide election that has led to him having to resign?

@StonkChris Hood are the only broker I've tried that I can access in the UK where options trading seems simple enough for me to even attempt it. Others like WeBull have much tricker interfaces or are restrictive in other ways. They also have more US stocks (but no EU markets)

I see so many people hate on $HOOD these days, but honestly, they're innovating faster than just about any brokerage in the industry, and they haven't even begun to fully tap into the global market opportunity. When you think about where technology is headed, people want speed, instant access to their money, 24/7 trading, and a seamless user experience. Robinhood is building around exactly those demands. At the end of the day, they're the "keep it simple stupid" brokerage. They remove friction, make investing accessible, and cater directly to the next generation of investors. That's a powerful combination, and I think many people are still underestimating how much runway they have ahead.

@vytiscapital $VIVO have said they have had multiple offers. So it is entirely possible those offers include Crusoe, Core42 and others. Who they choose to pick is a different question.

Update to my $VIVO tenant thesis. I originally had Crusoe as the most likely tenant for the Norway data center. After more digging, I think I underrated the stronger candidate: Core42. Here’s the case 👇

@RoaringRagnar @TNorth @PunterJeff OMG they've spent 142 years worth in 11 months!! That's 0.43/years spend every day, so they run out of money in 67 days. They will run out of money on 25th Aug 2026!!! (how's that for FUD?)

Net capital years of dividend coverage for $MSTR: July 2025: 171 years June 2026: 29 years I‘m sure the FUDsters will circulate charts showing how it‘s all going to zero. Bears sound smart, but the bulls are making all the money. h/t @TNorth @PunterJeff

@theYoungInv3str @qualtrim I have a 500+ day streak. Some of my family members are over 1000+ days. It has some niggles, but it's good overall and keeps getting better.

@qualtrim I have read users review about the app some aren’t very happy with the product, but $DUOL looks undervalued

Has Duolingo finally bottomed? Since 2025: - FCF/share: +32% - Stock price: -77% Fundamentals and price have rarely stay this far apart forever. $DUOL

@marc02200 I bought some at $400. I bought more yesterday.

Can you explain this to me… If you’re bullish on Bitcoin and you believe it will go higher in the future and you’ve happily bought $MSTR at the top.. Why wouldn’t you see this as a generational opportunity? Help me understand.

@TheLongInvest Not all of these companies did well: UNH: -38% since Nov 24. HIMS -51% since Nov 24. OSCR: +113% (good) AMD: (excellent) +300% NBIS? Incredible. +1618% since Nov 24. Imagine being bearish NBIS and bullish UNH/NVO that whole time.

$UNH proved everyone wrong $HIMS proved everyone wrong $OSCR proved everyone wrong $NBIS proved everyone wrong $AMD proved everyone wrong $ONDS proved everyone wrong $IREN proved everyone wrong Who’s next? $BABA $ETH $ZETA $NVO $SE

@TacticzH Thanks. From SA I hold $MELI, $DLO, and $NU at 6.66 : 2: 1 ratio, with 5.8% total port exposure. I think the EM fintech sector is undervalued here. I have long time horizon.

@RedPandaInvests Nice thesis. Couldn't be more clear :P

My thoughts on $DLO I bought more at $11.

@GabGrowth @TacticzH @the_zack_zhu @SixSigmaCapital @TheRayMyers @mkfilko @InvestingVisual @em013L @DrewCohenMoney I already followed a few, have now clicked on the rest. Drew is brilliant, love the Synopsis podcast.

I don’t do shoutouts often but in light of recent events, I thought it would be great to highlight some accounts who I trust and would recommend to you: @TacticzH @the_zack_zhu @SixSigmaCapital @TheRayMyers @mkfilko @InvestingVisual @em013L @DrewCohenMoney @wolfofharcourt @mvcinvesting