matthew2129

Though the counterparty is almost certainly just some bank that turned around and purchased an equivalent amount of shares in the open market, and is just in the TRS to earn LIBOR + margin fee from FFH

For purposes of determining the "paid-up capital" basis , can FFH not cherry-pick the stock that was issued in connection with the Allied Word acquisition for US ~$470?

Thank you! Based on page 38 of the PDF, it looks like US shareholders would only be subject to a long-term capital gains tax for any profit above their cost-basis

Are you sure the taxable amount isn't based off of the tendering shareholder's cost basis? I'm not familiar with the tax treatment of Dutch auctions but that would seem logical

added to ATCO and XPDI

Optimistic rollups arguably increase, not decrease, decentralization. Any node can dispute a fraudulent transaction, slash an attacker and get rewarded for doing so. As for shading, Nodes get assigned and reassigned to shards randomly, so it really shouldn't impact centralization (at least not in a systematic way, which is all people care should about).

Not a believer in the pending scaling solutions? Rollups offer a ~100x increase in throughput. Sharding offers a ~64x increase. Rollups on top of sharding will offer a ~6400x increase. Transactions that currently costs $64 will soon cost 1 cent

In the first case she would have $20k out of an $80k market cap company (so also 25%, not 24%). The market cap in the first example goes down from $100k to $80K ex-dividend; and her stock would go down to $16k ex-dividend, then back up to $20k after buying the shares on robinhood

Starting to look like BB may be starting to go parabolic for the 3rd time on heavy volume...what will be the obscure securities reg preventing FFH from monetizing this time around?

Now that the Riverstone and Brit sales are closed, I'd really like to see to FFH ratchet up the buybacks this month. Given the large TRS in place, they shouldn't be shy to smash the ask

BB pumping on heavy volume today....let's see if the investment Gods give FFH one more chance to dump this POS at $15+ in the coming days

Curious why you picked PFIX instead of something like XLF or VFH? I don't know much about PFIX.

Damn, even as someone who's been pretty bearish on FFH I've got to say these results are surprisingly stellar

I don't think ATCO, KW and STLC in the aggregate have even outperformed SPY in the period that FFH has held them. I'd prefer FFH's 13F portfolio consist exclusively of VT and leave their "value investing" to private markets in undeveloped countries

They bought at a great p/b ratio! /s

Don't they have had to file within 5 BDs if they sold anything? Meaning we're still stuck with this P.O.S

PRX

Bit of MCHI and COIN

I am also concerned by Prem's relentless criticism of FAANG stocks in the past couple of annual shareholder letters (all while holding super expensive/cash flow negative BB). I can understand criticizing TSLA, Zoom ect. valuations, but FB, AAPL, GOOG and AMZN? I'll take Tom Gaynor over Prem as an analyst any day, but FFH's price to book value right now is too cheap not to own.

Are you sure FFH is subject to BB's blackout period? I thought blackout periods were just voluntarily imposed by a company on its directors and employees to avoid insider trading violations (as opposed to being imposed by security law)? If FFH had MNPI they would obviously need to cleanse themselves before trading but I'm not sure that FFH is technically subject to BB's blanket blackout period otherwise.

Wow 300M shares of volume if Prem doesn't capitalize on this I'll never forgive him

Praise be the investment Gods they have not forsaken us

BB up another 14% in after hours after being up 15% today. I hope at the very least FFH starts selling boatloads of covered calls tomorrow while the volumes pumping

WSB getting back on board the BB hype train. FFH might have a second bite at the apple at unloading this pos above $15 w/ no selling restrictions this time around

Any hope of us getting out of the BB commons any time soon? Prem is always reaming on FANG for their high P/E's, but BB hasn't had positive earnings in years and makes FANG look like a basket of dirt cheap deep value stocks