@TomSmith839 Avatar @TomSmith839 Tom Smith

Tom Smith posts on X about $pax, $eeft, $four, $ver the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

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Social Influence

Social category influence stocks 45.97% finance 29.84% cryptocurrencies 16.13% countries 5.65% financial services #2483 technology brands 2.42% currencies 1.61% champions league 0.81% travel destinations 0.81%

Social topic influence $pax #5, $eeft #1, $four #35, $ver #1, in the 8.06%, business 7.26%, $vrv #1, $1b #224, more than 4.84%, $apo #44

Top accounts mentioned or mentioned by @jszhang0912 @kab604 @ilyakan2004 @snowcapresearch @noalgos @bobspaysubstack @jimmcmullenkc1 @kairospraxis @felixschreibe13 @dimitrynakhla @fiscalai @kilroyjay @aggiecio @p14capital @mikechambers @benfranksaltego @invesquotes @bargainticker @industtourist @davidkatunaric

Top assets mentioned Patria Investments Ltd. (PAX) Euronet Worldwide Inc (EEFT) 4 (FOUR) Apollo Global Management, Inc. (APO) Vinci Partners Investments Ltd. (VINP) Mastercard, Inc. (MA) Ares Management, Corp. (ARES) Blue Owl Capital, Inc. (OWL) PubMatic, Inc. (PUBM) Western Union Co (WU) Magnite, Inc. Common Stock (MGNI) Civic (CVC) UnitedHealth Group (UNH) Alphabet Inc Class A (GOOGL) Eden (EDEN) 8B People vs [-----] Billionaires (8B) Wise (WISE) AcuityAds Holdings Inc. (ATY) Integral Ad Science Holding Corp. (IAS) RAMP (RAMP) AppLovin Corporation (APP) DoubleVerify Holdings, Inc. (DV) Trade Desk, Inc. (TTD)

Top Social Posts

Top posts by engagements in the last [--] hours

"And yet people are bearish private credit managers like $APO $ARES $OWL"
X Link 2025-12-11T12:35Z [----] followers, [----] engagements

"$EEFT Euronet acquires Crediabank Merchant Acquiring & (offsite) ATM business Should be 24k POS terminals and 20k merchants (who can confirm William Blair Nopte). Assume 50k TPV per merchant (bad estimate by me) that's $1B in TPV Given Euronet gets the merchant acquiring the ATM outsourcing and a 3Y partnership to 'develop payments and digital-wallet services' I would assume they paid a fair price of let's say 2k per merchant so 40m Any input is welcome https://twitter.com/i/web/status/2008085191936352428 https://twitter.com/i/web/status/2008085191936352428"
X Link 2026-01-05T07:56Z [----] followers, [----] engagements

"The level of volatility in these companies is pretty insane if you consider how steady the earnings have grown over the last [--] and even [--] or 15Y"
X Link 2026-02-05T12:53Z [----] followers, [---] engagements

"Advertising will remain difficult for some time but some companies do look very cheap here Net cash profitable & cheap: $PUBM $ATY $TRMR $CRTO Net debt profitable & cheap: $MGNI $APPS $APP $MDGIF (Optically) expensive: $TTD $DV $IAS $RAMP $IS"
X Link 2023-03-08T10:02Z [----] followers, [----] engagements

"$ADYEN $ADYEY $ADYEN.AS is a great business if not one of the best there is. But the investment thesis cannot be that 100x 80x or even 60x FCF multiple is justified can it"
X Link 2023-09-12T08:44Z [----] followers, 19.4K engagements

"$CVC $CVC.AS wants to go public at a 15B valuation which is 32x [----] FRE (MFE) and around 24x EV/EBITDA 186B in AUM and 98B in FPAUM Pricey"
X Link 2024-04-23T08:11Z [----] followers, [----] engagements

"These exercises are usually useless but not bad to see $FOUR double the 'rule of 40' in '24 & '25 compared to software and fintech "peers""
X Link 2024-06-16T11:16Z [----] followers, [----] engagements

"$FOUR down 6% in sympathy with $V $MA is one of the dumbest things Ive seen today (second dumbest is neutral position on V MA)"
X Link 2024-07-10T17:47Z [----] followers, 10.3K engagements

"Everyone out there spending hours to find deep value illiquid micro caps for a [--] bps outperformance while $MA still puts out 15% EPS CAGR targets $MA new targets through [----] https://t.co/AJM9MjVYTr $MA new targets through [----] https://t.co/AJM9MjVYTr"
X Link 2024-11-13T18:16Z [----] followers, 10.8K engagements

"$GLXZ (soon to be part of $EVO) extends licensing agreement with Pragmatic for another 5Y Pragmatic also known as $EVO competitor now sources games from their competitor"
X Link 2025-02-20T14:22Z [----] followers, 11.1K engagements

"Idea is that alternative investments will get above 1% of AUM (as it is in US EU) and that $PAX & $VINP have some local advantages compared to their bigger peers https://www.df.cl/senal-df/el-deal/patria-investments-vs-vinci-compass-la-carrera-de-los-assets-managers-por https://www.df.cl/senal-df/el-deal/patria-investments-vs-vinci-compass-la-carrera-de-los-assets-managers-por"
X Link 2025-03-06T07:34Z [----] followers, [----] engagements

"Looking forward to $APO buying $HSBC private credit unit in 2Y because they messed up Market top confirmed: HSBC enters private credit. https://t.co/HiJSGpheMb Market top confirmed: HSBC enters private credit. https://t.co/HiJSGpheMb"
X Link 2025-04-11T19:18Z [----] followers, [----] engagements

"$PAX Patria Investments reportedly bidding $1B for Banmedica ( $UNH Latam division) They make 'more than $200m EBITDA per year' which would be an undemanding multiple Don't really care whether this deal goes through or not I'm excited that this (relatively) small LatAm asset manager is (able to) doing $1B bids https://www.reuters.com/business/healthcare-pharmaceuticals/unitedhealth-eyes-1-billion-deal-exit-latin-america-insurer-refocuses-us-sources-2025-06-09/"
X Link 2025-06-10T09:02Z [----] followers, 10.4K engagements

"For the total execution failure that Worldline $WLN $WLN.PA is I remain convinced someone should be willing to pay more than 3B EV (1B MC) for a company that does 500B in MSV They make 850m in Adj. EBITDA & are selling non strategic assets (whatever that means)"
X Link 2025-07-30T08:49Z [----] followers, [----] engagements

"A lot of information in this answer by Shift4 CEO Taylor Lauber $FOUR"
X Link 2025-08-08T14:03Z [----] followers, [----] engagements

"Funny that analysts still have $FOUR [----] EBITDA growth at 15% (while they re-confirmed 30% CAGR through 2027) and have $ADYEN [----] EBITDA growth at 30% while [----] (& 2026) is going to be barely above 20% Adyen is a great company maybe not 3x Shift4 valuation though"
X Link 2025-08-14T09:02Z [----] followers, 12.1K engagements

"$VER $VRV Verve Group still nr [--] mobile SSP in US on iOS and Android in Q225 Also nr [--] in Germany France Spain the Netherlands the UK Canada Singapore India Mexico & Australia Nr [--] in China & Brazil $MGNI & $PUBM pretty high on CTV in US & Canada (& Verve also growing in CTV) $VER $VRV Verve Group still nr [--] mobile SSP in US on iOS & now also on Google Play Store Also nr [--] in Mexico & Australia Top [--] in China & Singapore Top [--] in Germany & Canada Top [--] in France & Japan Top [--] in Brazil Spain & UK On iOS & Google Play Store Expect a very good Q1 https://t.co/BhGiKD4AuH $VER $VRV Verve Group"
X Link 2025-08-26T13:19Z [----] followers, [----] engagements

"$CVC $CVC.AS"
X Link 2025-10-02T12:35Z [----] followers, [---] engagements

"$VINP Investor Day today Preceded by the acquisition of Verde Asset Management (50% now 50% in 5Y) 16B BRL in AUM ($3B) so quite big and also accretive on FRE/share Lots of dilution last few years (Compass and now Verde) (I dont own $VINP as I put it in $PAX earlier this year) https://s3.amazonaws.com/b2icontent.irpass.cc/2819/rl158231.pdf https://twitter.com/i/web/status/1975470405189030351 https://s3.amazonaws.com/b2icontent.irpass.cc/2819/rl158231.pdf https://twitter.com/i/web/status/1975470405189030351"
X Link 2025-10-07T07:57Z [----] followers, [----] engagements

"$VINP [----] ID presentation is online They are keeping (upping from R$550) the FRE target but lose the FRE & DE per share targets which is the biggest crime any company can do Either way take 66m shares outstanding (flat incl. Verde) gives you R$9/share in FRE (1.7 USD/share)"
X Link 2025-10-07T13:55Z [----] followers, [----] engagements

"$WLN $WLN.PA MC down to 670m and EV to 2.8B They managed to sell the only growing segment in the business (MeTS) for 410m or 4.1x EV/EBITDA Where does mgmt expect the non-growing remaining business to trade at Either way if you subtract the 100m MeTS EBITDA assume 5% decline in the remaining business & a 50m cost reduction it's currently trading at 3.1x [----] EV/EBITDA https://twitter.com/i/web/status/1978061921837297674 https://twitter.com/i/web/status/1978061921837297674"
X Link 2025-10-14T11:34Z [----] followers, [----] engagements

"Edenred $EDEN $EDEN.PA"
X Link 2025-10-21T09:24Z [----] followers, [----] engagements

"Targeting 35% private assets by [----]. Good news for $PAX & $VINP as it's probably still 2% in LatAm right now Idea is that alternative investments will get above 1% of AUM (as it is in US EU) and that $PAX & $VINP have some local advantages compared to their bigger peers https://t.co/FubTYYQMN7 https://t.co/LsWdV20H0T Idea is that alternative investments will get above 1% of AUM (as it is in US EU) and that $PAX & $VINP have some local advantages compared to their bigger peers https://t.co/FubTYYQMN7 https://t.co/LsWdV20H0T"
X Link 2025-10-22T13:21Z [----] followers, [----] engagements

"$WLN.PA $FOUR"
X Link 2025-11-03T07:53Z [----] followers, [----] engagements

"Patria Investments $PAX [--] out of the [--] largest LatAm PE funds 7.8% of Afores (pension funds) in Alternatives vs. 30% in US"
X Link 2025-11-03T11:05Z [----] followers, [----] engagements

"@DimitryNakhla Why are they down"
X Link 2025-11-03T16:54Z [----] followers, [----] engagements

"Anyone knowledgeable about Patria Investments $PAX as to why they can end up raising $7B in [----] (17% above target of $6B) and still only end up in the lower end of FRE range when fee rate (94 bps) and FRE margin (59%) are not the issue Timing of FEAUM Slower deployment/higher pending FEAUM . https://twitter.com/i/web/status/1986090358451671513 https://twitter.com/i/web/status/1986090358451671513"
X Link 2025-11-05T15:16Z [----] followers, [----] engagements

"The poor people subscribing to the $500m $WLN $WLN.PA capital increase at [----] while the SP now drops to 1.8"
X Link 2025-11-06T08:39Z [----] followers, [----] engagements

"I refuse to believe the market is correct on $EEFT (NTM EPS estimates keep on going up . for now) $EEFT https://t.co/zVfQxP4JRk $EEFT https://t.co/zVfQxP4JRk"
X Link 2025-11-14T12:44Z [----] followers, [----] engagements

"I am getting interested in Vinci Compass $VINP again FRE margins already at 31-32% excl. Verde and about 35% incl. Verde Still not entirely clear how 'the AUM to FEAUM' is tracking and net inflows (proxy for organic fundraising) isn't stellar $VINP [----] ID presentation is online They are keeping (upping from R$550) the FRE target but lose the FRE & DE per share targets which is the biggest crime any company can do Either way take 66m shares outstanding (flat incl. Verde) gives you R$9/share in FRE (1.7 USD/share) https://t.co/i4nagQc7rj $VINP [----] ID presentation is online They are keeping"
X Link 2025-11-14T14:23Z [----] followers, [----] engagements

"What does appropriately means $APO"
X Link 2025-11-24T20:27Z [----] followers, [----] engagements

"$PAX & $UNH agree on $1B deal on Banmedica A small asset manager like Patria Investments doing $1B deals 🙌 $PAX Patria Investments reportedly bidding $1B for Banmedica ( $UNH Latam division) They make 'more than $200m EBITDA per year' which would be an undemanding multiple Don't really care whether this deal goes through or not I'm excited that this (relatively) small LatAm asset $PAX Patria Investments reportedly bidding $1B for Banmedica ( $UNH Latam division) They make 'more than $200m EBITDA per year' which would be an undemanding multiple Don't really care whether this deal goes through"
X Link 2025-12-01T09:34Z [----] followers, [----] engagements

"1 week later and Solis acquires ITER Investimenos so adds another $550m to the Credit AUM of $PAX Pretty smooth"
X Link 2025-12-05T17:37Z [----] followers, [----] engagements

"Now $WLN $WLN.PA selling an asset with 80% EBITDA and 60% FCF margins"
X Link 2025-12-08T15:01Z [----] followers, [----] engagements

"$APO Marc Rowan on public vs. private liquidity"
X Link 2025-12-11T07:47Z [----] followers, [---] engagements

"Actually pretty decent interview of Verve Group $VER $VRV Platform unification was a big shitshow and communication thereabout was even worse (but efficiency gains are visible now) One can take this further that the business is good but mgmt is really worst in class in evert aspect Ended the interview that there are 'regular' inquiries into a takeover but at current valuation it doesn't make sense (obviously). One can wonder what mgmt will do about this In this interview we sit down with Verve Groups CEO Remco Westermann reflecting on [----] and the path forward. We have gathered all of your"
X Link 2025-12-17T10:42Z [----] followers, [----] engagements

"New CFO and new (role) COO for Patria Investments $PAX https://ir.patria.com/news-releases/news-release-details/patria-investments-limited-announces-new-chief-operating-officer https://ir.patria.com/news-releases/news-release-details/patria-investments-limited-announces-new-chief-operating-officer"
X Link 2025-12-22T09:26Z [----] followers, [---] engagements

"On the news of Apple Card moving from GS to JPM Chase some notes from $CCRD & $EEFT mgmt: - They will get another $35m in [----] and in [----] from GS (based on Apple/JPM Chase news it will take [--] months to coonvert - A termination fee still applies when GS ends the contract before [----] (the earlier it terminates the higher so could assume this is another multi million $) - GS gap can be filled within 2-3Y - Non-GS revenue was said to grow 30% CAGR through [----] by CCRD (EEFT said they can get that higher ; cross-sell with REN) - Euronet mgmt was fully aware they weren't going to get GS revenue"
X Link 2026-01-08T08:56Z [----] followers, [----] engagements

"Another sign in the right direction for Verve Group $VER $VRV 'SSP Rankings: 'Direct' Access to Top [---] Mobile Apps' by Pixalate: 93% on Android & 97% on iOS in November [--] (left) vs. 83% on android & 93% on IOS in July [--] (right)"
X Link 2026-01-12T07:08Z [----] followers, [----] engagements

"Shfit4 management is the exact opposite 🙌 $FOUR"
X Link 2026-01-19T09:33Z [----] followers, [----] engagements

"$THRY share price 62% lower in [--] months and at 1x [----] EV/SaaS Sales and 6.5x EV/Saas EBITDA SaaS is about half of the business (in 2025) and set to grow double digits for the foreseeable future On track to pay off (all) debt with legacy marketing CF If not vibe coded away by AI pretty good deal (I thought this [--] months ago as well though) Thryv Holdings $THRY now at 1.7x [----] EV/SAAS Sales (not including the Marketing Services) and medium term targets for the SAAS are 20% CAGR & 20% EBITDA margins. Would result in $1B in SAAS Revenue (= Total Revenue) & $200M in EBITDA in [----]. In the"
X Link 2026-01-21T08:02Z [----] followers, [----] engagements

"First cross-sell (CCRD + REN) out of [--] by April [----] following $EEFT notes on the Northland Call Includes revolving credit (= CCRD) 300m deposit accounts and $5T in deposits globally As mentioned in the comments by DXC & MasterCard previously (see third screenshot) there is essentially [--] player that can quickly launch (revolving) credit card programs 7x [----] P/E currently https://twitter.com/i/web/status/2013959637343625695 https://twitter.com/i/web/status/2013959637343625695"
X Link 2026-01-21T12:59Z [----] followers, [----] engagements

"The most staggering fact about $CSU $CSU.TO 45% drop from ATH is that valuation was never excessive (given double digit growth 20% ROIC etc.)"
X Link 2026-01-22T12:28Z [----] followers, [----] engagements

"$EQT purchases Coller Capital for $3.2B (& $500m earnouts) or 17.5x [----] EV/ FR EBITDA $40B FEAUM by end of [----] (Not apples to apples but $PAX still at (only) $2.8B with probably north $50B in FEAUM by end of [----] and $70B by end of 2027)"
X Link 2026-01-22T15:57Z [----] followers, [----] engagements

"Edenred $EDEN $EDEN.PA & Pluxee $PLX $PLX.PA share price back at or even below when Federal Court of So Paulo (temporarily) suspended the cap on MDR (For Pluxee specifically: said they can (modestly) grow [----] EBITDA even in the worst case Brazil outcome)"
X Link 2026-01-23T12:25Z [----] followers, [----] engagements

"I fully acknowledge I sound like a broken record but the most beautiful thing about this table is that Shift4 $FOUR buys companies at the same multiple (EBITDA instead of Revenue obviously) and usually EBITDA doubles within the next 3Y Adding Brex to long list of #B2B M&A comps. Giving them forward revenue of $825MM () implies 6.2x at lower end of range. $BILL at 3x. https://t.co/NkE793ALXe Adding Brex to long list of #B2B M&A comps. Giving them forward revenue of $825MM () implies 6.2x at lower end of range. $BILL at 3x. https://t.co/NkE793ALXe"
X Link 2026-01-23T12:42Z [----] followers, [----] engagements

"I've also skimmed through the Patria Investments $PAX short report and Snowcap did put work in it but it's pretty nitpicking from the start: [--]. On PE valuation marks of on avg. 15x EV/EBITDA: high but not uncommon. These companies do seem to be performing badly but BR interest rates at 15% and could reasonably go to 10% [--]. On PE exits to own funds: also not uncommon and Delly's was JV between Patria and CVC (wouldn't question CVC) [--]. On PE concentration: as you said PE going down in favor of Infra Credit & RE. Solis and RBR M&A alone bring the estimated 'PE & Infra FRE concentration down from"
X Link 2026-01-28T12:37Z [----] followers, [----] engagements

"@IlyaKan2004 @SnowCapResearch Patria Investments $PAX brings forward its Q4 & FY25 results to tomorrow (probably to talk about the short report (& its [--] acquisitions) Should bring some comfort to investors https://ir.patria.com/news-releases/news-release-details/patria-announces-date-change-its-fourth-quarter-full-year-2025 https://ir.patria.com/news-releases/news-release-details/patria-announces-date-change-its-fourth-quarter-full-year-2025"
X Link 2026-02-02T13:48Z [----] followers, [---] engagements

"@fiscal_ai Just for fun: add SBC to the graph"
X Link 2026-02-06T06:36Z [----] followers, [----] engagements

"Solis (now under $PAX Patria Investments) ended the year with $28B BRL in AUM ($5.3B at today's FX) and aims to more than double by [----] to $60B BRL ($11.4B) Assuming figures ($3.5B FEAUM) from Patria M&A announcement are also more or less YE25 figures could assume FEAUM/AUM is 66% so holding this constant Solis FEAUM by YE28 could be $7.5B. Also assuming same fee rate (60 bps) and FRE margin (45%) this could be runrate FRE by YE28 of $20m I (wrongfully) said they paid $70m for Solis but they paid $70m for 51% of Solis and are to pay another tranche in [----] (if they want to go through with"
X Link 2026-02-06T06:59Z [----] followers, [---] engagements

"@Noalgos I previously held Vinci & Patria. Didn't seem necessary to hold both and Patria seems to be executing a bit better so only have Patria now"
X Link 2026-02-12T07:58Z [----] followers, [--] engagements

"@kilroy_jay @Aggie_CIO Whats runrate revenue/EBITDA when BK is complete"
X Link 2026-02-12T18:33Z [----] followers, [--] engagements

"@bobspaysubstack People don't like it but FOUR gonna be higher topline growth at half the valuation"
X Link 2026-02-13T15:18Z [----] followers, [---] engagements

"@jimmcmullenkc1 @P14Capital The company trades at 6x P/E. PE firm or competitor would probably pay more than 6x an then you have a fast(er) growing company which should/could rerate to 12x"
X Link 2026-02-13T17:48Z [----] followers, [--] engagements

"All you can do in this world is do what's right. You can't necessarily do what's gonna works tomorrow. You can't tell the quality of the decision based on the outcome"
X Link 2023-11-24T15:02Z [----] followers, 17.8K engagements

"$VER $VRV Verve Group still nr [--] mobile SSP in US on iOS & now also on Google Play Store Also nr [--] in Mexico & Australia Top [--] in China & Singapore Top [--] in Germany & Canada Top [--] in France & Japan Top [--] in Brazil Spain & UK On iOS & Google Play Store Expect a very good Q1 result and FY25 guidance $VER Verve Group still nr. [--] mobile SSP in US on iOS and increased market share to 44% Similar story in Japan China UK Brazil . on iOS and Google Play Store https://t.co/cKG2ZdjidA $VER Verve Group still nr. [--] mobile SSP in US on iOS and increased market share to 44% Similar story in Japan China UK"
X Link 2025-05-20T20:39Z [----] followers, 31.8K engagements

"6.9% dilution at a time when shares trade at 10% FCF yield is no bueno $VER $VRV Average daily volume is 700k shares (in Sweden) so would take a while for new investors to get 13m new shares but still don't like this at all"
X Link 2025-06-18T06:53Z [----] followers, [----] engagements

"Not a chart guy but buy at [---] not the worst idea in the world $VER $VRV"
X Link 2025-07-01T07:22Z [----] followers, [----] engagements

"Enjoyed the [----] Citizens Financial Services Conference with $ARES & $OWL Stark difference in how the two companies communicate Very interested in how/where we will end up with private credit"
X Link 2025-11-19T13:09Z [----] followers, [---] engagements

"Another week later and we have to acquisition of RBR Gesto $PAX Another 3.3% bump to FEAUM $1.3B FEAUM at [--] bps spread and 'highly accretive FRE margin' could be around $8m FRE Increases [----] FRE ($1.3) with $0.05 or 4% (together with Solis 8.5%) Totally different M&A than Solis (lower growth but higher spread highly accretive lower 'effort' low integration risk) Very very sweet deal (nu purchase price mentioned but let's assume 10x FRE so $80m"
X Link 2025-12-11T13:31Z [----] followers, [----] engagements

"All this talk about cash going away and cash withdrawals at ATMs in the UK up YoY for the fourth consecutive year (by @mike_chambers) $EEFT $NATL $BCO"
X Link 2026-01-12T07:37Z [----] followers, [----] engagements

"Now also $CXI.TO $CURN CEO making the bull case for $EEFT"
X Link 2026-01-24T08:51Z [----] followers, [---] engagements

"Anyone interested in 19% ROIC $FOUR The Greystone Capital Q4 letter is available on the site. Included in the Appendix is a writeup on $FOUR our newest investment and a business solving what appears to be an intractable problem. https://t.co/0kU9EgbsjR The Greystone Capital Q4 letter is available on the site. Included in the Appendix is a writeup on $FOUR our newest investment and a business solving what appears to be an intractable problem. https://t.co/0kU9EgbsjR"
X Link 2026-01-27T12:43Z [----] followers, 24.9K engagements

"$EEFT https://www.riamoneytransfer.com/en/blog/you-can-now-send-money-with-ria-through-whatsapp/ https://www.riamoneytransfer.com/en/blog/you-can-now-send-money-with-ria-through-whatsapp/"
X Link 2026-01-28T18:34Z [----] followers, [---] engagements

"Do analysts have it wrong about $PAR $60m FCF in [----] (about $30m in SBC) on a $1.2B MC & $1.5B EV"
X Link 2026-01-29T12:20Z [----] followers, [----] engagements

"Third M&A for Patria Investments $PAX in a rather short timespan: buys WP Global Partners for $30m (1.7% of $1.8B FPAUM) Adds +10 investment professionals and +120 GP relationships Assume [----] bps fee rate and 30% FRE margin (just guessing here) it's about 7x FRE Would add $4m in FRE or 2.5$c/share which would put [----] FRE/share very close to $1.6 (which is the bottom range of [----] outlook FRE/share) https://twitter.com/i/web/status/2018276438906908701 https://twitter.com/i/web/status/2018276438906908701"
X Link 2026-02-02T10:52Z [----] followers, [---] engagements

"Partly from the sideline but very much looking forward to $APO $ARES & $OWL earnings calls"
X Link 2026-02-04T07:44Z [----] followers, [----] engagements

"I know it's a bear case right now but Shift4 $FOUR trades at roughly 10x [----] Subscription (& other) Revenue (or SaaS Revenue/ARR if you want) 30% YoY and it is very much not part of the business model"
X Link 2026-02-04T10:40Z [----] followers, [----] engagements

"Some follow on from Q4 & FY25 earnings: - Fundraising was very good in Q4 ($1.7B) and FY25 ($7.7B) ; mgmt keeps fundraising guidance for [--] ($7B) & [--] ($8B) and calls out 'conservatism' as momentum is good - AUM up 26% YoY FEAUM up 24% FRR up 13% FRE up 17% & FRE/share up 15% ; Pending FEAUM $2.9B ; NAPF $1.58/share (mgmt called out this does not include PE Fund IV & V as they are not performing (cfr. Snowcap short report) ; Important note here is that FRR or Unrealized Performance Fees (bonuses) aren't calculated on NAV or in other words: revenues aren't tied to marks of the funds (in the"
X Link 2026-02-04T12:58Z [----] followers, [----] engagements

"$PAX Patria Investments @IlyaKan2004 @SnowCapResearch Some follow on from Q4 & FY25 earnings: - Fundraising was very good in Q4 ($1.7B) and FY25 ($7.7B) ; mgmt keeps fundraising guidance for [--] ($7B) & [--] ($8B) and calls out 'conservatism' as momentum is good - AUM up 26% YoY FEAUM up 24% FRR up 13% FRE up 17% & FRE/share up 15% https://t.co/YCpWxFHl1Z @IlyaKan2004 @SnowCapResearch Some follow on from Q4 & FY25 earnings: - Fundraising was very good in Q4 ($1.7B) and FY25 ($7.7B) ; mgmt keeps fundraising guidance for [--] ($7B) & [--] ($8B) and calls out 'conservatism' as momentum is good - AUM up"
X Link 2026-02-04T13:33Z [----] followers, [----] engagements

"Imagine for some reason you bought $BX at $10 in [----] and you held it through today would you ever sell given the yearly dividend now is roughly $5/share (assume Blackstone isn't a total zero) Yes No What's a dividend Yes No What's a dividend"
X Link 2026-02-04T13:42Z [----] followers, [---] engagements

"We dont even consider the possibility anymore that these software companies (you know up until 2Y ago the best companies in the world) arent total zeros"
X Link 2026-02-05T17:43Z [----] followers, [---] engagements

"In light of the Euronet $EEFT Q4 & FY25 ER tomorrow: "Zaggle has entered into an agreement with Euronet to launch co-branded prepaid card solutions for corporates." Euronet has existing partnerships with all of the companies on this November [----] list of 'Strategic Zaggle Alliances' (AU Small Finance Bank IDFC Standered Chartered & MasterCard) for either REN (which is now debit prepaid & credit) ATM management or realtime XBP Euronet is indispensable if you want to launch a card https://twitter.com/i/web/status/2021522941469470856 https://twitter.com/i/web/status/2021522941469470856"
X Link 2026-02-11T09:53Z [----] followers, [----] engagements

"Not directly related to Solis but Patria Investments $PAX "Prepares Next Vintage of Latin America Private Credit Strategy to Capture Structural Scarcity in Corporate Lending" http://ir.patria.com/news-releases/news-release-details/patria-prepares-next-vintage-latin-america-private-credit http://ir.patria.com/news-releases/news-release-details/patria-prepares-next-vintage-latin-america-private-credit"
X Link 2026-02-11T10:42Z [----] followers, [---] engagements

"@KairosPraxis Terminal P/E range 20x to 40x And the CAGR on 20x is [---] Youre writing a bear case"
X Link 2026-02-13T21:31Z [----] followers, [---] engagements

"Patria Investments $PAX acquires 51% of Solis Investimentos CLO leader in Brazil 10% bump to FEAUM 40% bump to credit FEAUM Solis Investimentos grew FEAUM 45% CAGR over the last 4Y No purchase price mentioned"
X Link 2025-11-26T14:42Z [----] followers, [----] engagements

"$EEFT in Q425 call on Crediabank deal in the 'few millions of dollars rather than hundreds of millions of dollars' so let's assume $10m (in contrast to my estimate of $40m) Would be CAC of $500k per merchant $EEFT Euronet acquires Crediabank Merchant Acquiring & (offsite) ATM business Should be 24k POS terminals and 20k merchants (who can confirm William Blair Nopte). Assume 50k TPV per merchant (bad estimate by me) that's $1B in TPV Given Euronet gets the merchant acquiring https://t.co/ZgBTUN1Lin $EEFT Euronet acquires Crediabank Merchant Acquiring & (offsite) ATM business Should be 24k POS"
X Link 2026-02-12T14:56Z [----] followers, [----] engagements

"Nothing official but looking to raise $500m"
X Link 2026-02-14T08:36Z [----] followers, [---] engagements

"And we have a gateway volume number: $90B Just for fun: Shift4 can convert 15% (low point batting average as mentioned in [----] ID) to E2E at [--] bps and 50% (incremental) EBITDA margin = $40m (purchase price of 70m) This is fun $FOUR 70m purchase price for 140k merchants puts the upfront CAC per merchant at [---]. Add another [----] to convert the merchant from gateway to E2E so [----] CAC (while competitors spend 10x that on 'organic' S&M) Textbook Shift4 indeed $FOUR https://t.co/15Bw7gb51q 70m purchase price for 140k merchants puts the upfront CAC per merchant at [---]. Add another [----] to convert"
X Link 2025-11-06T12:52Z [----] followers, [----] engagements

"$MILDEF down to 14x NTM EV/EBITDA (down from 30x earlier this year) - Continues to see growth at 25% per year - Gross margin above 50% - Net Debt/EBITDA at 2.9x (Roda acq.) No need to rush in but interesting to follow $MILDEF not the cheapest name out there but at 25% CAGR for the next 10() years who cares https://t.co/x5sjp1SXma $MILDEF not the cheapest name out there but at 25% CAGR for the next 10() years who cares https://t.co/x5sjp1SXma"
X Link 2025-11-14T13:49Z [----] followers, [----] engagements

"This is criminal $EEFT $WU"
X Link 2025-11-18T20:58Z [----] followers, [---] engagements

"18 months later $OPRA back down to $1.2B and a +$260m investment in Opay. At 7.5x [----] EV/EBITDA $OPRA at 10x [--] EBITDA at a $1.2B MC and a +$200m investment in Opay Maybe time to buy some Either way advertising is back to growth mode https://t.co/AiNd2n3NXx $OPRA at 10x [--] EBITDA at a $1.2B MC and a +$200m investment in Opay Maybe time to buy some Either way advertising is back to growth mode https://t.co/AiNd2n3NXx"
X Link 2025-11-19T08:40Z [----] followers, [----] engagements

"This is pretty incredible $ATKR"
X Link 2025-11-20T11:56Z [----] followers, [----] engagements

"Another (useless) anecdote: third day in Canary Islands and Ive seen about [--] ATMs of which [--] werent Euronet. Btw all the Euronet ATMs were BaaS (ING in this case) $EEFT"
X Link 2025-11-30T17:52Z [----] followers, [----] engagements

"In Las Palmas (capital city of Canary Islands) and at the Airport less Euronet and more competitors (Sabadell BBVA CaixaBank ) Makes sense to be where the competition isnt $EEFT"
X Link 2025-12-04T12:43Z [----] followers, [---] engagements

"SmartPay (& Bamboora) could also help a little bit. UK expansion catching real steam. GiveX cross-sell should be starting to ramp up. Regarding GB: some positive signs about Chinese consumer luxury in general & cross-border spending by LVMH and JPM recently. [--] extra tailwinds all free of charge"
X Link 2025-12-09T18:50Z [----] followers, [---] engagements

"Euronet $EEFT investor call with Oppenheimer on [--] December (can we access) Investor call with Northland on [--] December: https://fnbo.zoom.us/webinar/register/WN_OOY7Eu1wQOib7mBtmKPrrg#/registration https://fnbo.zoom.us/webinar/register/WN_OOY7Eu1wQOib7mBtmKPrrg#/registration"
X Link 2025-12-10T15:34Z [----] followers, [---] engagements

"Northland $EEFT investor call notes Feel free to add/comment"
X Link 2025-12-19T14:05Z [----] followers, [----] engagements

"I want to like TIC Solutions $TIC but 4% growth in [----] and 4x Net Debt/EBITDA"
X Link 2025-12-30T09:39Z [----] followers, [----] engagements

"$CRNT with a new update on [----] revenue: $370m (26% below the guidance given not even 1Y ago) Someone should get fired for this 8% operating margin on $370m of revenue should be $30m of OI. $195m MC 6.5x multiple $CRNT light on [----] growth (4% YoY) but keeps $500m target in [----] (22% YoY) [----] operating profit should come in $41m Current MC is $332 so an 8x multiple for a company with net cash and accelerating growth in [----] Not the worst setup https://t.co/Kvm45j8Ib7 $CRNT light on [----] growth (4% YoY) but keeps $500m target in [----] (22% YoY) [----] operating profit should come in $41m Current"
X Link 2026-01-08T12:30Z [----] followers, [----] engagements

"In light of Burry selling his $FOUR shares and calling out 'shady transactions' I'm re-reading the [----] Blue Orca short report and it is too funny: Shift4 'overstated' Adj. EBITDA with $70m in [----] and BO thinks: "the party ends with stagnant growth or aggressive dilution" 4Y later Adj. EBITDA is $1.25B or up 331% and dilution has been minimal (even negative if you account for the current $1B buyback that starts appearing in Q4/Q1 results) They were dead-ass wrong about the company (irrespective of where the share price is as it can trade anywhere in a short time span)"
X Link 2026-01-13T11:06Z [----] followers, 16.3K engagements

"Two interesting points from $PAR at Needham Conference Full service dining outperforming quick service (guess which two players mostly serve the former) [----] was a though year for restaurants but seems to improve since December"
X Link 2026-01-14T09:11Z [----] followers, [----] engagements

"I have no strong opinion on $PAR and some very smart investors own shares but I cant imagine a future where Toast doesnt eat its lunch"
X Link 2026-01-14T09:38Z [----] followers, [----] engagements

"Even bots don't like Shift4 $FOUR"
X Link 2026-01-14T10:23Z [----] followers, [----] engagements

"This is the ridiculousness of how $FOUR is treated DB: organic growth could be 'as low as' 12-15% in Q425 and FY26 so they set a PT of 10x FCF. Other companies can do the same 12-15% organic growth and analysts would put a 20x multiple on it. This is step [--] of the ridiculousness. Step [--] is that this organic growth rate of 12-15% (you can set the bar higher or lower at your own liking) is about half of total growth. This is what makes Shift4 management team so special. They keep finding ways to increase TPV (be it geographic expansion new verticals new cross-sell customer base .). They can and"
X Link 2026-01-16T12:30Z [----] followers, 11.9K engagements

"SBC is 100% of OCF and 26% of Revenue $TEAM Its zero $ for shareholders zero I really didnt think it was going to be this bad"
X Link 2026-01-19T20:11Z [----] followers, 55K engagements

"$CRM looks way better Not cheap at 24x OCF ex-SBC but they do make $"
X Link 2026-01-19T20:17Z [----] followers, [----] engagements

"$NOW SBC 16% of revenue How can anyone expect to make money on this 50x OCF ex-SBC"
X Link 2026-01-19T20:22Z [----] followers, [----] engagements

"- Doesn't matter whether it's M&A or not (spend capital at good returns; nothing more nothing less) - [----] M&A was 1% interest rate debt (lol) now obviously higher at 6% - Acquired companies are indeed already in OPEX but not 100% in revenue (the cross-sell part) so profit/profitability will improve significantly in the coming years https://twitter.com/i/web/status/2016156037502415207 https://twitter.com/i/web/status/2016156037502415207"
X Link 2026-01-27T14:27Z [----] followers, [---] engagements

"@BenFranksAltEgo I get it but didn't they get a discount deal as well"
X Link 2026-01-27T15:32Z [----] followers, [---] engagements

"Could probably help short term but longer term these two are key: [--]. Massive buybacks. Stock is at 7x P/E and EPS should grow 10% even without buybacks so can reasonably get to 20% EPS growth. Stock can't stay at 7x P/E with continued 20% growth [--]. Highlighting the new growth verticals (REN Dandelion .) https://twitter.com/i/web/status/2016797567288291609 https://twitter.com/i/web/status/2016797567288291609"
X Link 2026-01-29T08:56Z [----] followers, [--] engagements

"@Invesquotes Depends on the relative return on capital"
X Link 2026-01-29T15:44Z [----] followers, [---] engagements

"@bargainticker *640m SEK of hot air"
X Link 2026-01-30T14:22Z [----] followers, [---] engagements

"@IndustTourist @IlyaKan2004 @SnowCapResearch This was one of the funniest parts of the short report: they accuse Patria of not marking to market or in others words: they accuse Patria of being an alternatie asset manager. Now the concentration and marking in the PE funds is definitely something to watch"
X Link 2026-02-03T09:23Z [----] followers, [--] engagements

"@FelixSchreibe13 @david_katunaric Difference is that PYPL is in no growth (or even decline) mode so rather hard to make money FOUR is chugging along double digits with occasional bursts into the +40% range (as is the case in Q3 & Q425 and Q1 & Q226)"
X Link 2026-02-03T14:29Z [----] followers, [--] engagements

"@Nasiraltaf91 Not sure it will rerate in the short term. Its at 10x FRE which could be argued is fair given BR interest rates are at 15%. Could indeed rerate higher if BR interest rate goes to for example 10% In the meantime you get a 15% grower with a 4.5% dividend yield at 10x FRE"
X Link 2026-02-05T11:47Z [----] followers, [--] engagements

"Anyone planning on buying the US $CIX IPO $CIX.TO Why (not) An extensive article on $CIX.TO on the globe's website tonight. People want to hate on CIX. Debt seems high but they've said they'll reduce it. Outside leverage is the strategy really that bad If US RIA advisors stick around could work out well. https://t.co/5dyvcPMW0G An extensive article on $CIX.TO on the globe's website tonight. People want to hate on CIX. Debt seems high but they've said they'll reduce it. Outside leverage is the strategy really that bad If US RIA advisors stick around could work out well. https://t.co/5dyvcPMW0G"
X Link 2023-03-27T09:11Z [----] followers, [---] engagements

"$WISE $WISE.L growing high teens for the foreseeable future in an infinite TAM while reported PBT way higher than underlying PBT Can do worse"
X Link 2025-04-04T09:15Z [----] followers, [----] engagements

"Verve Group $VER $VRV Every media buyer should have a strategy for buying and measuring IOS. To ignore the overwhelming majority of Apple users is a massive miss. Ask anyone on the supply side there is almost zero competition for those auctions. Every media buyer should have a strategy for buying and measuring IOS. To ignore the overwhelming majority of Apple users is a massive miss. Ask anyone on the supply side there is almost zero competition for those auctions"
X Link 2025-05-25T16:58Z [----] followers, 19.4K engagements

"Imagine a company trading at 6x [----] EV/EBITDA putting out 25% CAGR for the next 5Y and being down 13% on that guidance Verve Group should repurchase every share they can get their hands on $VER $VRV"
X Link 2025-05-28T11:10Z [----] followers, 45.4K engagements

"Verve Group now in a position to repurchase up to 10% of its own shares $VER $VRV Let's see if they officially announce it at next ER https://press.verve.com/verve-group-se-held-its-annual-general-meetingutm_source=prezly.com&utm_medium=campaign&utm_campaign=Verve%20Group%20SE%20held%20its%20Annual%20General%20Meeting&utm_id=5fe3b66d-5d44-472f-bf20-feb8b6690a53&utm_content=story%20header"
X Link 2025-06-11T08:36Z [----] followers, [----] engagements

"@evfcfaddict Some names you're willing to share (I am one lazy mf)"
X Link 2025-07-10T07:10Z [----] followers, [---] engagements

"Everyone a fan of pricing power until they're not"
X Link 2025-07-14T20:41Z [----] followers, [----] engagements

"$VER back under [---] (same MC due to capital raise (which I expect an answer to)) Q2 results probably a little soft (FX & [--] day-outage (apparently). I think SP has been dropping due to results from lower quality inventory web based companies ( $PUBM $PERI .) but Verve Group is higher quality so [----] should still be well within guidance and longer term guidance of +20% CAGR is also pretty exciting Buying shares before ER is stupid so obviously I am adding a bit here Marked the exact YTD (& 1Y) top on $VER Either way market gives multiple opportunities to buy companies Should get [----] guidance"
X Link 2025-08-14T09:26Z [----] followers, [----] engagements

"After a 50% drawdown $DUOL entering bargain territory of 75x FY25 EV/EBITDA ex-SBC"
X Link 2025-09-05T12:36Z [----] followers, 36.1K engagements

"$WU CEO continues to make the $EEFT bull case. This time at Citi's 14th Annual FinTech Conference"
X Link 2025-11-19T18:43Z [----] followers, [----] engagements

"Anyone interested in Intermap Technologies Corporation $IPM.TO $ITMSF Some disappointing news (contract delays) which should be delivered in 2026"
X Link 2025-12-26T12:10Z [----] followers, [----] engagements

"Hearing this more often (& also that Canada is taking on the travelers that would have gone to US)"
X Link 2026-01-24T08:54Z [----] followers, [----] engagements

"Oaktree $BN $BAM now in the business of running football clubs Inter Milan should be worth $1B https://www.morningstar.com/news/marketwatch/20240522228/oaktree-says-its-now-the-owner-of-inter-milan-after-soccer-club-failed-to-repay-loan https://www.morningstar.com/news/marketwatch/20240522228/oaktree-says-its-now-the-owner-of-inter-milan-after-soccer-club-failed-to-repay-loan"
X Link 2024-05-22T10:53Z [----] followers, [----] engagements

"$WISE $WISE.L"
X Link 2025-10-21T09:31Z [----] followers, [---] engagements

"$WU CEO laying out the bull case for $EEFT"
X Link 2025-11-18T21:06Z [----] followers, [----] engagements

"Community notes are great"
X Link 2026-01-28T14:41Z [----] followers, [---] engagements

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