# ![@Jonathan_Keith2 Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::487270970.png) @Jonathan_Keith2 Keith Dalrymple

Keith Dalrymple posts on X about $bn, $bam, $rxo, $wsc the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::487270970/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::487270970/c:line/m:interactions.svg)

- [--] Week [-----] -32%
- [--] Month [------] +246%
- [--] Months [------] -51%
- [--] Year [-------] +26%

### Mentions: [--] [#](/creator/twitter::487270970/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::487270970/c:line/m:posts_active.svg)

- [--] Month [--] -35%
- [--] Months [---] -18%
- [--] Year [---] +44%

### Followers: [-----] [#](/creator/twitter::487270970/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::487270970/c:line/m:followers.svg)

- [--] Week [-----] +1.70%
- [--] Month [-----] +8.60%
- [--] Months [-----] +18%
- [--] Year [-----] +32%

### CreatorRank: [---------] [#](/creator/twitter::487270970/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::487270970/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  [finance](/list/finance)  [countries](/list/countries)  [technology brands](/list/technology-brands)  [travel destinations](/list/travel-destinations)  [currencies](/list/currencies)  [cryptocurrencies](/list/cryptocurrencies)  [celebrities](/list/celebrities)  [luxury brands](/list/luxury-brands)  [automotive brands](/list/automotive-brands) 

**Social topic influence**
[$bn](/topic/$bn), [$bam](/topic/$bam), [$rxo](/topic/$rxo) #7, [$wsc](/topic/$wsc), [$bpy](/topic/$bpy), [$bip](/topic/$bip), [debt](/topic/debt), [$mgrc](/topic/$mgrc), [$bbu](/topic/$bbu), [$vrt](/topic/$vrt)

**Top accounts mentioned or mentioned by**
[@pavyg](/creator/undefined) [@steve382](/creator/undefined) [@pythiar](/creator/undefined) [@nestbetter](/creator/undefined) [@texasrunnerdfw](/creator/undefined) [@vtchakarova](/creator/undefined) [@thetennisletter](/creator/undefined) [@cristinancl](/creator/undefined) [@ryankalt](/creator/undefined) [@mpelletiercio](/creator/undefined) [@josemorgado](/creator/undefined) [@dindjic](/creator/undefined) [@billackman](/creator/undefined) [@danjmcnamara](/creator/undefined) [@business](/creator/undefined) [@prefshares](/creator/undefined) [@freightalley](/creator/undefined) [@wolfejosh](/creator/undefined) [@factsbalkans](/creator/undefined) [@matthewstoller](/creator/undefined)

**Top assets mentioned**
[Brookfield Corporation (BN)](/topic/$bn) [Brookfield Asset Management Inc (BAM)](/topic/$bam) [RXO, Inc. (RXO)](/topic/$rxo) [WillScot Mobile Mini Holdings, Corp. (WSC)](/topic/$wsc) [Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP)](/topic/$bip) [Mcgrath Rentcorp (MGRC)](/topic/$mgrc) [Brookfield Business Partners L.P.Limited Partnership Units (BBU)](/topic/$bbu) [Vertiv Holdings Co (VRT)](/topic/$vrt) [Uber Technologies, Inc. (UBER)](/topic/$uber) [XPO LOGISTICS, INC. (XPO)](/topic/$xpo) [United Rentals, Inc. (URI)](/topic/$uri) [Metadium (META)](/topic/$meta) [Digital Realty Trust Inc (DLR)](/topic/$dlr) [Morgan Stanley (MS)](/topic/morgan-stanley) [United Parcel Service, Inc. (UPS)](/topic/$ups) [GXO Logistics, Inc. (GXO)](/topic/$gxo) [Equinix Inc (EQIX)](/topic/$eqix) [Brookfield Infrastructure Corporation Class A Subordinate Voting Shares (BIPC)](/topic/$bipc) [Cheniere Energy Partners, LP. (CQP)](/topic/$cqp) [Brookfield Renewable Partners L.P. (BEP)](/topic/$bep) [Bancor (BNT)](/topic/$bnt) [Heroes of NFT (HON)](/topic/$hon) [Bank of Nova Scotia (BNS)](/topic/$bns)
### Top Social Posts
Top posts by engagements in the last [--] hours

"$AHT's management may be shocked. I am not. $BAM $BPY"  
[X Link](https://x.com/Jonathan_Keith2/status/1249717554219794432)  2020-04-13T15:14Z [----] followers, [--] engagements


"My favorite part of SEC corporate fraud settlements. Highlighted from $HRTZ"  
[X Link](https://x.com/Jonathan_Keith2/status/1294139849004314630)  2020-08-14T05:12Z [----] followers, [--] engagements


"@LSValue $MRCQF $MRCWF Cannabis SPAC. Only downside that could preclude a mania in the stock - might not leave enough to the imagination. The sponsor (also $AYRWF) focuses on companies that can/do generate cash"  
[X Link](https://x.com/Jonathan_Keith2/status/1361734227117576194)  2021-02-16T17:48Z [----] followers, [--] engagements


"$BPY disclosures show Minsky moment leverage for $BAM funds but returns look good. A circle looking to be squared. New Edper here: 👇👇👇👇 https://brookfield.substack.com/p/how-real-are-brookfields-private https://brookfield.substack.com/p/how-real-are-brookfields-private"  
[X Link](https://x.com/Jonathan_Keith2/status/1420756396799184908)  2021-07-29T14:41Z [----] followers, [--] engagements


"Apparently questioning projected fund returns hits a nerve. A few anonymous comments supporting $BAM $BPY. At least one reader apparently doesn't think interest expense exceeding income is problematic. Move along folks nothing to see here https://brookfield.substack.com/p/how-real-are-brookfields-private/comments https://brookfield.substack.com/p/how-real-are-brookfields-private/comments"  
[X Link](https://x.com/Jonathan_Keith2/status/1420823246379884544)  2021-07-29T19:07Z [----] followers, [--] engagements


"There was some pushback on last week's Edper questioning the returns of $BAM private equity funds. Some context: Trading statistics indicate that public real estate investors did not believe the BAM calculated NAV for $BPY"  
[X Link](https://x.com/Jonathan_Keith2/status/1422190109143834638)  2021-08-02T13:38Z [----] followers, [--] engagements


"I must have missed the point on the conference call when $BIPs management disclosed the debt of a data center was downgraded to Caa1 near default due to high leverage and struggling operations. $BAM"  
[X Link](https://x.com/Jonathan_Keith2/status/1424729210766217216)  2021-08-09T13:48Z [----] followers, [--] engagements


"@JTSEO9 I still own $NILSY which I bought $4 during the crash pre halt. It seems to be in a state of suspended animation in the US though it trades at pre-crash levels in Moscow"  
[X Link](https://x.com/Jonathan_Keith2/status/1509560268728193025)  2022-03-31T15:56Z [----] followers, [--] engagements


"If these are the bonds what is the equity worth $BAM $BPY"  
[X Link](https://x.com/Jonathan_Keith2/status/1537065787537641474)  2022-06-15T13:33Z [----] followers, [--] engagements


"@MattH203 @SumZero 2/23/22 [----] AOP guidance $525M 10/23/22 [----] AOP guidance $460M 9/8/21 E&I [----] EBITDA guidance $120M 3-mos later $54M actual Read the testimony in the lawsuit. These are your guys. https://www.blbglaw.com/cases-investigations/vertiv-holdings-co https://www.blbglaw.com/cases-investigations/vertiv-holdings-co"  
[X Link](https://x.com/Jonathan_Keith2/status/1602551068172369921)  2022-12-13T06:28Z [----] followers, [--] engagements


"Multi tenant data center leasing in [----] and [----] was driven by $META. For example in [----] $META accounted for [--] of the [--] largest turn-key leases of the year. $VRT $DLR $EQIX #datacenters"  
[X Link](https://x.com/Jonathan_Keith2/status/1603452856497061904)  2022-12-15T18:12Z [----] followers, [---] engagements


"According to this article the cancelled contract was worth 2.4B DKK that's $340M USD. Ripple effect anyone $VRT $DLR $PAAL B Termination of contract for data centre in Odense https://www.marketscreener.com/quote/stock/PER-AARSLEFF-HOLDING-A-S-1412992/news/Termination-of-contract-for-data-centre-in-Odense-42539736/utm_campaign=action++twitter_action_2022-12-15_user-partage++&utm_content=+++2022-12-15+&utm_source=twitter&utm_medium=user-partage"  
[X Link](https://x.com/Jonathan_Keith2/status/1603457945198596098)  2022-12-15T18:32Z [----] followers, [---] engagements


"$BAM bailed-out $BPY by buying it. Now a $BPY subsidiary is hitting a wall. Brookfield Warns of Potential Inability to Refi Debt on Los Angeles Offices #CRE #CMBS @Brookfield https://t.co/nbp63LYpiy https://t.co/tXe6nesCfo Brookfield Warns of Potential Inability to Refi Debt on Los Angeles Offices #CRE #CMBS @Brookfield https://t.co/nbp63LYpiy https://t.co/tXe6nesCfo"  
[X Link](https://x.com/Jonathan_Keith2/status/1619713242837950467)  2023-01-29T15:05Z [----] followers, [---] engagements


"$BN $AEL I love the frame: the transaciton gives AEL access to Brookfield's. Sure everyone buys that line"  
[X Link](https://x.com/Jonathan_Keith2/status/1674347454160879617)  2023-06-29T09:21Z [----] followers, [----] engagements


"@DonutShorts You know this but let's point out one of the early investors at $LTCH $BAM $BN"  
[X Link](https://x.com/Jonathan_Keith2/status/1678703829359927301)  2023-07-11T09:53Z [----] followers, [---] engagements


"@michaelxpettis Good God. Growing up in the age of over-produced blandness and arena rock when the dirty sound of The Clash emerged it was a revolution. I'll take a [--] minute Minor Threat no encore set at the stageless Cambridge MA VFW Hall over a [--] hr Taylor Swift spectacle any day"  
[X Link](https://x.com/Jonathan_Keith2/status/1687784348001398784)  2023-08-05T12:51Z [----] followers, [---] engagements


"It has been so long I thought people might need a preliminary post to prepare for the reboot of Edper. It has been a while people. $BN $BAM So if you like Brookfield or dislike Brookfield - sign up https://brookfield.substack.com/p/edper-reboot https://brookfield.substack.com/p/edper-reboot"  
[X Link](https://x.com/Jonathan_Keith2/status/1694360293743136990)  2023-08-23T14:45Z [----] followers, [----] engagements


"@PythiaR who is your landlord"  
[X Link](https://x.com/Jonathan_Keith2/status/1705281226087530988)  2023-09-22T18:01Z [---] followers, [---] engagements


"@danjmcnamara @business Lower property values Doesn't look that way when looking at $BPY's balance sheet. Or did you mean in the real world"  
[X Link](https://x.com/Jonathan_Keith2/status/1710363103626510713)  2023-10-06T18:35Z [---] followers, [---] engagements


"@TaylorAMarr @Redfin @Airbnb I hope you come to the correct conclusion that short term rentals have had no impact on housing in Venice Italy"  
[X Link](https://x.com/Jonathan_Keith2/status/1713142945862361208)  2023-10-14T10:41Z [---] followers, [--] engagements


"$BIP total fees paid to $BAM estimated to be 7.1% of NAV in [----]. 30% CAGR. NAV/unit estimated to be -$0.88"  
[X Link](https://x.com/Jonathan_Keith2/status/1716472592335286685)  2023-10-23T15:12Z [----] followers, [----] engagements


"This shows what I think are the two sides to $BIP's business model. I think selling equity to the public is its most profitable business"  
[X Link](https://x.com/Jonathan_Keith2/status/1716480546073686161)  2023-10-23T15:43Z [----] followers, [----] engagements


"Good to see management was able to get a reliable soldier to reiterate today. Serious question: How does the sellside do proportional EBITDA estimates for a fund with [--] positions when they have little if any financial informatioin on underlying companies Just askin"  
[X Link](https://x.com/Jonathan_Keith2/status/1716845646202765609)  2023-10-24T15:54Z [----] followers, [----] engagements


"@NestBetter It is IFRS [--] if I'm not mistaken. It's not all CapEx it is customer contribution toward CapEx"  
[X Link](https://x.com/Jonathan_Keith2/status/1716846898479284637)  2023-10-24T15:59Z [----] followers, [---] engagements


"@tho_capital I wonder how important the Brookfield group is to Canadian banks - equity underwriting preferreds bonds lending to the subsidiaries. I imagine they are one of the largest payers of fees in the Canadian investment banking system"  
[X Link](https://x.com/Jonathan_Keith2/status/1719427705307886070)  2023-10-31T18:54Z [----] followers, [--] engagements


"@Hottie_Baker_ My experience is that you can be in the queue but not ask a question"  
[X Link](https://x.com/Jonathan_Keith2/status/1719746335706870116)  2023-11-01T16:00Z [----] followers, [---] engagements


"@NestBetter Here's one piece:"  
[X Link](https://x.com/Jonathan_Keith2/status/1726316178296218104)  2023-11-19T19:07Z [----] followers, [---] engagements


"@operskapevacica I saw Norma performed in Bulgaria. No surprise in the land of Orpheus. They produce great singers like Serbs produce tennis players"  
[X Link](https://x.com/Jonathan_Keith2/status/1731292302390264103)  2023-12-03T12:40Z [----] followers, [--] engagements


"Brookfield under reporting carbon emissions by an "order of magnitued" Surprised Article highlighting @markjcarney's involvement Brookfield chair and UN Special envoy on Climate Change Mark Carney $BN $BAM"  
[X Link](https://x.com/Jonathan_Keith2/status/1732117709393920263)  2023-12-05T19:20Z [----] followers, [---] engagements


"@wolfejosh I couldn't tell if this was a joke: Clear evidence TikTok pulls posts they don't want you to see pushes others Stark contrast to US-social media free speech + our scales of justice ⚖"  
[X Link](https://x.com/Jonathan_Keith2/status/1732819671127097351)  2023-12-07T17:49Z [----] followers, [--] engagements


"@MPelletierCIO What's bought and what isn't has a political sheen. Gov't wants AI investment hoping gains drive the economy. Gov't doesn't want high oil prices which hinder the economy drive inflation and most importantly lead to elected officials being voted out"  
[X Link](https://x.com/Jonathan_Keith2/status/1734519666830090651)  2023-12-12T10:24Z [----] followers, [--] engagements


"@ft on Private equity: A "towering backlog of PE exits unclear of how asset sales will evolve." How creative can they get"  
[X Link](https://x.com/anyuser/status/1742064954532942156)  2024-01-02T06:07Z [--] followers, [--] engagements


"@josemorgado It will be good to hear someone comment who actually knows tennis has opinions and isn't afraid to voice them. John McEnroe can't carry they weight forever"  
[X Link](https://x.com/Jonathan_Keith2/status/1744431674442514905)  2024-01-08T18:51Z [----] followers, [---] engagements


"@BenBrey The youth have been turned over to social media and the virtual world leading to loneliness and depression. Then we look to pharmaceutical companies to solve the problem. They have been made consumers and cheated out of real life - and all the pain that goes with it"  
[X Link](https://x.com/Jonathan_Keith2/status/1745132040855466262)  2024-01-10T17:14Z [---] followers, [---] engagements


"@TripleNetInvest My favorite: . the heir of a famous NYC real estate family and he turned us down but he invested in all our ideas. So wouldn't pay them to do it but happy to steal their work"  
[X Link](https://x.com/Jonathan_Keith2/status/1747978248363844069)  2024-01-18T13:44Z [---] followers, [---] engagements


"@AustralianOpen Great pic"  
[X Link](https://x.com/Jonathan_Keith2/status/1748770576255107432)  2024-01-20T18:12Z [----] followers, [--] engagements


"@SurfThrash Where's that pic from Looks like Phil'nflash's work"  
[X Link](https://x.com/Jonathan_Keith2/status/1750767340122210371)  2024-01-26T06:27Z [----] followers, [--] engagements


"$BN CFO Nick Goodman when queried by Bberg on related party real estate transactions. Effiecient way to own That's odd. His response has the whiff of desparation IMO as if to say don't think that we are offloading assets to unsuspecting bagholders at inflated prices"  
[X Link](https://x.com/Jonathan_Keith2/status/1754933703439007903)  2024-02-06T18:22Z [----] followers, [----] engagements


"@TripleNetInvest That was a very interesting rant. For me the biggest takeaway is the key implication which is that the system is very fragile and 3% or 5% matters a lot. If we are going bust at 5% there is simply too much leverage in the system. That's his meta message"  
[X Link](https://x.com/Jonathan_Keith2/status/1755123136331161799)  2024-02-07T06:55Z [----] followers, [---] engagements


"@dpinsen I would put it differently. Ukr nationalism is a small part. The larger driver for the war is to weaken and dismember Russia if possible. Russians view it as existential for their civilization and a battle for a new multipolar order. The ideology is subtext not headline"  
[X Link](https://x.com/Jonathan_Keith2/status/1761640569019793454)  2024-02-25T06:33Z [----] followers, [--] engagements


"@texasrunnerDFW I would think DFW sububurbs have not always been home to transient residents. When did the trend start and why Boston the city (I'm from the area) has definitely become transient. Not many people from Boston live there and couples leave when they have kids"  
[X Link](https://x.com/Jonathan_Keith2/status/1762462267205927247)  2024-02-27T12:58Z [----] followers, [---] engagements


"@texasrunnerDFW @DiMartinoBooth Two terrific economic thinkers. Happy International Womens Day"  
[X Link](https://x.com/Jonathan_Keith2/status/1765986687379779906)  2024-03-08T06:23Z [----] followers, [---] engagements


"@SteveWps @NewcomerInvest @PeterChung13 How is it bullish They used $BN shareholder $ to buy $BPY at $19 when they could have paid $10. If $BPX $SGP or $VNO's balance sheet/income statement looked like $BPY's the stocks would be single digits. IMO they are struggling to keep the RE silo afloat"  
[X Link](https://x.com/Jonathan_Keith2/status/1771187473781039189)  2024-03-22T14:49Z [----] followers, [---] engagements


"@dindjic Good thing for your family that you are not British"  
[X Link](https://x.com/Jonathan_Keith2/status/1771923961594425703)  2024-03-24T15:36Z [----] followers, [---] engagements


"Here's a suprise $BN Brookfield found by court to have hidden conflicts of interest and abused minority shareholders with a squeeze-out. Generate value or appropriate it https://news.bloomberglaw.com/ip-law/brookfield-loses-3-3-billion-terraform-buyout-ruling-appeal https://news.bloomberglaw.com/ip-law/brookfield-loses-3-3-billion-terraform-buyout-ruling-appeal"  
[X Link](https://x.com/Jonathan_Keith2/status/1772505251716718945)  2024-03-26T06:05Z [----] followers, [----] engagements


"@DevinLaSarre I personally loath the business model of changing the delivery mechanism to make an addictive drug socially acceptable"  
[X Link](https://x.com/Jonathan_Keith2/status/1777678002119123322)  2024-04-09T12:40Z [----] followers, [---] engagements


"@nanosacchini For example credit metrics deteriorate with declining occupancy. We saw that with malls early in the pandemic. Empty malls stores out of business eroding credit metrics no change or even lower rates"  
[X Link](https://x.com/Jonathan_Keith2/status/1777681271344226503)  2024-04-09T12:53Z [----] followers, [--] engagements


"@texasrunnerDFW [--]. is food of 2.2% real Seems low. [--]. Transportation services - 10.7%. That's pretty hot. Is this industrial transport - trucking and rail"  
[X Link](https://x.com/Jonathan_Keith2/status/1778050695716807009)  2024-04-10T13:21Z [----] followers, [---] engagements


"@texasrunnerDFW So same answer as always for housing. Credit terms drive pricing"  
[X Link](https://x.com/Jonathan_Keith2/status/1779509475377819840)  2024-04-14T13:58Z [----] followers, [--] engagements


"$BIP seeded a $BAM managed fund - Brookfield Infrastructure Income Fund or BIIF. BIF is bought and sold at NAV pays NAV-based mgmt fees and income-based incentive fees. $BIP trades at 2x NAV and pays over 2x fees. Here are the expeted returns given expense structures"  
[X Link](https://x.com/Jonathan_Keith2/status/1780271480153981377)  2024-04-16T16:26Z [----] followers, [----] engagements


"$BIP and $BIPC filed a shelf yesterday AC. Direct sale or payment for an acquisition Either way selling is coming. Maybe management just fears the days of selling units at 2x NAV are coming to an end and wants to get them out while the going is good. https://www.sec.gov/Archives/edgar/data/1406234/000110465924047859/tm2411715-3_f3.htm https://www.sec.gov/Archives/edgar/data/1406234/000110465924047859/tm2411715-3_f3.htm"  
[X Link](https://x.com/Jonathan_Keith2/status/1780598513233203531)  2024-04-17T14:05Z [----] followers, [---] engagements


"@ana_analytics_ @Bob4Florida The buyer might not care about the cost but it doesn't mean insurers are lining up to insure it. Most US insurers will not operate in Florida which is why the state has a wonky market with a lot of tiny companies"  
[X Link](https://x.com/Jonathan_Keith2/status/1780641459860877426)  2024-04-17T16:56Z [----] followers, [--] engagements


"Two investment funds overlapping very similar portfolios massive differential in payouts. $BIP $BN Brookfield Infrastructure Income pays out 100% of income. BIP"  
[X Link](https://x.com/Jonathan_Keith2/status/1782783586082361591)  2024-04-23T14:48Z [----] followers, [----] engagements


"Moody's downgraded $BIP's Genesee & Wyoming. Adding leverage to fund a dividend that equates to 3.3x '23 free cash flow. Mgmt typically talks of FFO distribution coverage not cash-out refis. Cash out refis are ok but the whitewashing is not. Honesty and reality matter"  
[X Link](https://x.com/Jonathan_Keith2/status/1785286913991098652)  2024-04-30T12:35Z [----] followers, [---] engagements


"@PythiaR What happens if AI is not the revenue generator people think it will be or it takes a lot longer"  
[X Link](https://x.com/Jonathan_Keith2/status/1790719919362863189)  2024-05-15T12:24Z [----] followers, [----] engagements


"@PythiaR I think the only country bordering Russia (at the time) that was a founding member of the League of Nations was Poland"  
[X Link](https://x.com/Jonathan_Keith2/status/1795171579325747249)  2024-05-27T19:13Z [----] followers, [---] engagements


"@NickKyrgios @TheTennisLetter Good point. You have Elena Rybakina - doesn't mean enough and Rublev - disrespect. I think was officialdom wants is a nice Disney-appropriate expression that is predicable and bland enough for a Rolex commercial"  
[X Link](https://x.com/Jonathan_Keith2/status/1796775479510196619)  2024-06-01T05:27Z [----] followers, [----] engagements


"Some real estate investors will not be impacted. The tornado will swerve around their buildings. The New York City commercial real estate meltdown begins. A office building building built in [----] next to Penn Station recently sold at a foreclosure auction for $16 million This is shocking given the seller of the building reportedly spent $90 million to develop the https://t.co/nKlqHUF72r The New York City commercial real estate meltdown begins. A office building building built in [----] next to Penn Station recently sold at a foreclosure auction for $16 million This is shocking given the seller"  
[X Link](https://x.com/Jonathan_Keith2/status/1800321470264193072)  2024-06-11T00:17Z [----] followers, [---] engagements


"@MPelletierCIO Maybe all those GTA condos can be cash flow positive on rent after all"  
[X Link](https://x.com/Jonathan_Keith2/status/1806194318467596690)  2024-06-27T05:14Z [----] followers, [---] engagements


"@EndTribalism He's probably the only one with a chance and he's the one guy the Dems will never put up"  
[X Link](https://x.com/Jonathan_Keith2/status/1806937685153484827)  2024-06-29T06:28Z [----] followers, [--] engagements


"I have a new short out today. $WSC $MGRC holders should pay attention as well. Keith Dalrymple of Dalrymple Finance @Jonathan_Keith2 is short Willscot Mobile Mini ( $WSC). Based on extensive research Keith believes a portion of WSCs modular space fleet is unrentable which contributes to its industry-trailing utilization rates. Watch the full https://t.co/iRxWTyhIdG Keith Dalrymple of Dalrymple Finance @Jonathan_Keith2 is short Willscot Mobile Mini ( $WSC). Based on extensive research Keith believes a portion of WSCs modular space fleet is unrentable which contributes to its industry-trailing"  
[X Link](https://x.com/Jonathan_Keith2/status/1810677999911457272)  2024-07-09T14:10Z [----] followers, [----] engagements


"When was the last time this modular unit at $WSC Charleston West Virginia was rented $MGRC"  
[X Link](https://x.com/Jonathan_Keith2/status/1810679165336625534)  2024-07-09T14:15Z [----] followers, [----] engagements


"@EddyElfenbein and @bluff_capital have been interested in $WSC &/or $MGRC. They may be interested in this:"  
[X Link](https://x.com/Jonathan_Keith2/status/1810681338925560252)  2024-07-09T14:24Z [----] followers, [---] engagements


"$WSC a lot of layoff's recently according to this law firm. A good sign https://stlawyers.ca/blog-news/willscot-of-canada-layoffs-500-to-1000-employees-terminated-north-america/ https://stlawyers.ca/blog-news/willscot-of-canada-layoffs-500-to-1000-employees-terminated-north-america/"  
[X Link](https://x.com/Jonathan_Keith2/status/1810682535774711910)  2024-07-09T14:28Z [----] followers, [----] engagements


"NOT a photo still from the Walking Dead it's $WSC Syracuse"  
[X Link](https://x.com/Jonathan_Keith2/status/1810684273654952230)  2024-07-09T14:35Z [----] followers, [----] engagements


"The hole in the fence adjacent to this stack of portable storage units at $WSC's lot in New Hampshire made me think it has become a hangout for local teens. Just a guess"  
[X Link](https://x.com/Jonathan_Keith2/status/1810701629059924293)  2024-07-09T15:44Z [----] followers, [---] engagements


"$WSC in one minute"  
[X Link](https://x.com/Jonathan_Keith2/status/1810704045633569070)  2024-07-09T15:54Z [----] followers, [----] engagements


"Investors who believe $WSC can add debt ad infinitum while neglecting fleet renewal might as well believe in magic. For those tethered to reality here is how the debt works: By my estimates debt per unit on rent exceeds earnings power - bigly. It's like stealth bankruptcy"  
[X Link](https://x.com/Jonathan_Keith2/status/1810734664933593223)  2024-07-09T17:56Z [----] followers, [---] engagements


"Have these GE Capital modular units been rented since acquired [--] years ago or have they just sat on the lot doing their job as ABL collateral I wonder don't you $WSC $MGRC"  
[X Link](https://x.com/Jonathan_Keith2/status/1810740439731011596)  2024-07-09T18:18Z [----] followers, [----] engagements


"@Steve_382 What do the $MGRC shareholders get out of this transaction in your opinion"  
[X Link](https://x.com/Jonathan_Keith2/status/1810754248398758252)  2024-07-09T19:13Z [----] followers, [---] engagements


"@Steve_382 I don't understand why $MGRC would do this deal. They trade a modestly levered better run company for an interest in a company with a very old fleet and a ton of leverage"  
[X Link](https://x.com/Jonathan_Keith2/status/1810756671049760832)  2024-07-09T19:23Z [----] followers, [--] engagements


"A 1-page follow-up on $WSC. $MGRC holders should take notice"  
[X Link](https://x.com/Jonathan_Keith2/status/1811099489702478248)  2024-07-10T18:05Z [----] followers, [----] engagements


"For the record I sent my $WSC report to the $MGRC IR address the CFO a board member and the two sell-side analysts"  
[X Link](https://x.com/Jonathan_Keith2/status/1811108447582310902)  2024-07-10T18:41Z [----] followers, [----] engagements


"Is $WSC an American Evergrande $MGRC"  
[X Link](https://x.com/Jonathan_Keith2/status/1811129557283377354)  2024-07-10T20:05Z [----] followers, [----] engagements


"@JmSteverlynck @Steve_382 @OpeNSource000 Prob at least partly why WSC eliminated the fleet age disclosure. At one time MINI disclosed that data - box type and age - but stopped. Provide no useful data and bet that no one on Wall St gets off their ass and looks"  
[X Link](https://x.com/Jonathan_Keith2/status/1811639199935746381)  2024-07-12T05:50Z [----] followers, [--] engagements


"@Steve_382 I'm not sure it is $WSC specific. Here is $WSC vs $URI"  
[X Link](https://x.com/Jonathan_Keith2/status/1815422308640580061)  2024-07-22T16:23Z [----] followers, [---] engagements


"@Steve_382 It will be interesting. When $WSC and MINI merged they were questioned closely. Now WSC is 40-50% market share and the FTC is tougher than it was in 2020"  
[X Link](https://x.com/Jonathan_Keith2/status/1815428064681324744)  2024-07-22T16:45Z [----] followers, [---] engagements


"@CristinaNcl @beINSPORTS Come on just admit it. Novak Djokovic strikes fear in the hearts of not only mortal men but all men"  
[X Link](https://x.com/Jonathan_Keith2/status/1817844546199249290)  2024-07-29T08:48Z [----] followers, [--] engagements


"@CristinaNcl What's up with Eurosport One game into the match they switch to Romania/Croatia water polo"  
[X Link](https://x.com/Jonathan_Keith2/status/1819077364359238111)  2024-08-01T18:26Z [----] followers, [---] engagements


"$WSC's 2Q numbers were not good. As I pointed out in my report guidance was very aggressive. They are now lowering expectations. I think they likely wanted the deal to close before the erosion became apparent. Still want in $MGRC holders"  
[X Link](https://x.com/Jonathan_Keith2/status/1819115796771078474)  2024-08-01T20:59Z [----] followers, [---] engagements


"$WSC I believe this is what is referred to ask a collapse. 1Q23 storage utilization was 78.7%. Now 59.2%. Still bullish"  
[X Link](https://x.com/Jonathan_Keith2/status/1819117051761307751)  2024-08-01T21:04Z [----] followers, [---] engagements


"$WSC [----] revenue guidance - down; EBITDA guidance - down. CapEx guidance - FLAT. Under-investment under-maintenance catching up"  
[X Link](https://x.com/Jonathan_Keith2/status/1819121897541370303)  2024-08-01T21:23Z [----] followers, [---] engagements


"@MichaelAArouet In my experience Greece is less than the stated 51% and Bulgaria is at least 2x the 25%"  
[X Link](https://x.com/Jonathan_Keith2/status/1819364284473942518)  2024-08-02T13:27Z [----] followers, [--] engagements


"Premium for $MGRC holders down to a paltry 3.61% but even then with a current discount of -10.2% clearly the transaciton is at risk. $WSC"  
[X Link](https://x.com/Jonathan_Keith2/status/1819373541499810286)  2024-08-02T14:03Z [----] followers, [---] engagements


"@Steve_382 Good point. I was too focused on the shit show that was $WSC's report"  
[X Link](https://x.com/Jonathan_Keith2/status/1819482720462164435)  2024-08-02T21:17Z [----] followers, [---] engagements


"@Al_Stoyanov and the center of civilization is where The Balkans"  
[X Link](https://x.com/Jonathan_Keith2/status/1819805454941536439)  2024-08-03T18:40Z [----] followers, [----] engagements


"Friday afternoon in August news: Elizabeth Fetter resigns from $MGRC board for personal reasons. Why resign prior to the acquisition Ms. Fetter an industry veteran with expertise in finance and accounting. Dissention in the ranks 🧐 https://investors.mgrc.com/news-releases/news-release-details/mcgrath-announces-board-leadership-update https://investors.mgrc.com/news-releases/news-release-details/mcgrath-announces-board-leadership-update"  
[X Link](https://x.com/Jonathan_Keith2/status/1820452610685464926)  2024-08-05T13:31Z [----] followers, [---] engagements


"At current $WSC price premium for $MRGC holders just 1.5% but trading at a 10.6% discount to the offer price. That is a big spread"  
[X Link](https://x.com/Jonathan_Keith2/status/1820460441090310602)  2024-08-05T14:02Z [----] followers, [---] engagements


"$WSC There are two main reasons why this is the case both are bad: [--]. WSC expects 16% receivables are bad [--]. It is a cookie jar with which to pad future earnings"  
[X Link](https://x.com/Jonathan_Keith2/status/1820819439367143510)  2024-08-06T13:49Z [----] followers, [---] engagements


"At the current $WSC price the $MGRC offer is officially a take-under. $MGRC's current price is a 12% discount with an [--] days to earliest close implies 7% MONTHLY return 125% annualized. Either this is the best arb buy ever or the deal is not going to happen"  
[X Link](https://x.com/Jonathan_Keith2/status/1821280575266943185)  2024-08-07T20:21Z [----] followers, [----] engagements


"@BarackObama I hope this is not the real Barack Obama"  
[X Link](https://x.com/Jonathan_Keith2/status/1823316774638489759)  2024-08-13T11:12Z [----] followers, [--] engagements


"@jedshug As far as I can tell there is no difference in war policy between the parties"  
[X Link](https://x.com/Jonathan_Keith2/status/1826261622517821592)  2024-08-21T14:14Z [----] followers, [---] engagements


"@factsbalkans @ediramaal There was once a restaurant in Sofia with a nice sober portrait of Vladimir Putin on the wall. The restaurant is still there the food is still great but the portrait is gone"  
[X Link](https://x.com/Jonathan_Keith2/status/1826625674792329724)  2024-08-22T14:21Z [----] followers, [--] engagements


"@texasrunnerDFW I'm still waiting to see how cities like Boston highly dependent on CRE related revenue deal going forward"  
[X Link](https://x.com/Jonathan_Keith2/status/1827600956302754019)  2024-08-25T06:56Z [----] followers, [--] engagements


"@matthewstoller Let's assume that's true. How does Harris' campaign distinguish itself The abscence of policies and interviews Got joy TM"  
[X Link](https://x.com/Jonathan_Keith2/status/1828843773864124635)  2024-08-28T17:15Z [----] followers, [--] engagements


"@MidwestHedgie @MilaLovesJoe I recall you calling for American hegemony. How's that different from America first"  
[X Link](https://x.com/Jonathan_Keith2/status/1831768545388282279)  2024-09-05T18:57Z [----] followers, [--] engagements


"@write2Swag Figures Tiger Woods is a Nadal fan"  
[X Link](https://x.com/Jonathan_Keith2/status/1832450040763404755)  2024-09-07T16:05Z [----] followers, [----] engagements


"@dindjic @lilyslynch Consensus western frame of reference. Not a fan. The issue is that current economic model is extractive - both human and resource. Take the brightest like Drago and the remaining population is cheap labor either in the west or back in the Balkans. And about that lithium"  
[X Link](https://x.com/Jonathan_Keith2/status/1832710405128409531)  2024-09-08T09:19Z [----] followers, [--] engagements


"@lilyslynch @thebafflermag IMO the basic frame of reference is consensus western. There are a lot of stats but little illumination of them"  
[X Link](https://x.com/anyuser/status/1832712001753120817)  2024-09-08T09:26Z [----] followers, [--] engagements


"@MPelletierCIO @VassyKapelos Just when you thought Brookfield and the Canadian state could not merge any further"  
[X Link](https://x.com/Jonathan_Keith2/status/1834457362855330173)  2024-09-13T05:01Z [----] followers, [---] engagements


"@EndTribalism It's interesting that so much of the press presents RFK Jr as an insane person. You would have thought they would have encouraged him to debate with Biden/Harris and Trump to show it. But I suspect many know how it would have turned out"  
[X Link](https://x.com/Jonathan_Keith2/status/1834600476462944366)  2024-09-13T14:30Z [----] followers, [--] engagements


"$WSC for $MRGC is now officially terminated. This is good news for some and very bad news for others. @FTC @linakhanFTC"  
[X Link](https://x.com/Jonathan_Keith2/status/1836413249941655797)  2024-09-18T14:33Z [----] followers, [----] engagements


"Happy @Steve_382 $WSC for $MRGC is now officially terminated. This is good news for some and very bad news for others. @FTC @linakhanFTC $WSC for $MRGC is now officially terminated. This is good news for some and very bad news for others. @FTC @linakhanFTC"  
[X Link](https://x.com/Jonathan_Keith2/status/1836427785155350646)  2024-09-18T15:31Z [----] followers, [---] engagements


"@factsbalkans Actually Germany is becoing the yellow region as we speak"  
[X Link](https://x.com/Jonathan_Keith2/status/1837428482231369887)  2024-09-21T09:47Z [----] followers, [---] engagements


"New one on $WSC and the failure of the $MGRC acquisition http://dfresearch.substack.com http://dfresearch.substack.com"  
[X Link](https://x.com/Jonathan_Keith2/status/1839332942537167317)  2024-09-26T15:55Z [----] followers, [---] engagements


"Who is buying $WSC now that the FTC has killed the core of its business model"  
[X Link](https://x.com/Jonathan_Keith2/status/1839333294770708577)  2024-09-26T15:56Z [----] followers, [---] engagements


"New report on DF Research substack. Why are $WSC's provisions for credit losses roughly 15x others in the industry Red flag anyone"  
[X Link](https://x.com/Jonathan_Keith2/status/1839335573745803304)  2024-09-26T16:05Z [----] followers, [---] engagements


"$WSC going down $MGRC going up"  
[X Link](https://x.com/Jonathan_Keith2/status/1839344422322069703)  2024-09-26T16:40Z [----] followers, [---] engagements


"Even more so after the death of it's roll-up strategy $wsc $WSC in one minute. https://t.co/AtxOfL8s0c $WSC in one minute. https://t.co/AtxOfL8s0c"  
[X Link](https://x.com/Jonathan_Keith2/status/1839683029804937596)  2024-09-27T15:06Z [----] followers, [---] engagements


"@Steve_382 It's my understanding that the former growth stock known as $WSC is now viewed as a value company by some. It's kind of funny. Many mistakenly view current financials/cash flow as something that can be maintained in perpetuity. that is a mistake"  
[X Link](https://x.com/Jonathan_Keith2/status/1840990140027572611)  2024-10-01T05:40Z [----] followers, [---] engagements


"$WSC downside ahead"  
[X Link](https://x.com/Jonathan_Keith2/status/1846918504915652980)  2024-10-17T14:17Z [----] followers, [---] engagements


"@pavyg If Sinner is suspended in the end people and players will raise hell questioning the validity of [----] tournament results - and rightly so. V"  
[X Link](https://x.com/Jonathan_Keith2/status/1848649903733358853)  2024-10-22T08:57Z [----] followers, [--] engagements


"@MPelletierCIO With geopolitical tensions at multi-decade highs money printing abound much of the world (with most of the resources) forming a dollar alternative trading block and potentially a wider war in the middle east what possibly could you point to that would be bullish"  
[X Link](https://x.com/Jonathan_Keith2/status/1849492264474558848)  2024-10-24T16:44Z [----] followers, [---] engagements


"$WSC after today's print it might be time to pay attention. $WSC in one minute. https://t.co/AtxOfL8s0c $WSC in one minute. https://t.co/AtxOfL8s0c"  
[X Link](https://x.com/Jonathan_Keith2/status/1851732716531912986)  2024-10-30T21:07Z [----] followers, [----] engagements


"So tell me again how $WSC has "optional" CapEx that will be dialed down during downturns Just sayin'"  
[X Link](https://x.com/Jonathan_Keith2/status/1851733994947195217)  2024-10-30T21:12Z [----] followers, [----] engagements


"In September alone $WSC management either torched $40M in shareholder capital propping up the stock or "returned" it to shareholders via buybacks depending on your view"  
[X Link](https://x.com/Jonathan_Keith2/status/1851999733146952029)  2024-10-31T14:48Z [----] followers, [---] engagements


"New piece out on $BIP today. Both Edper and DF Resarch. There's a link this time. Let's see if anyone sees it. Superlatives over Substance https://open.substack.com/pub/brookfield/p/superlatives-over-substancer=17tdb&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/brookfield/p/superlatives-over-substancer=17tdb&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true"  
[X Link](https://x.com/Jonathan_Keith2/status/1852020645141373230)  2024-10-31T16:11Z [----] followers, [---] engagements


"$BIP on Edper and DF Research"  
[X Link](https://x.com/Jonathan_Keith2/status/1852021275549458512)  2024-10-31T16:14Z [----] followers, [----] engagements


"@Steve_382 Good choice Steve selling $WSC and keeping $MGRC. Nice job. Not so much for the guy buying the call spreads"  
[X Link](https://x.com/Jonathan_Keith2/status/1852049132728521000)  2024-10-31T18:04Z [----] followers, [---] engagements


"$WSC employee"  
[X Link](https://x.com/Jonathan_Keith2/status/1853815090283155661)  2024-11-05T15:02Z [----] followers, [----] engagements


"If you want to say "nice timing bro" I get it. A new piece on $WSC"  
[X Link](https://x.com/Jonathan_Keith2/status/1854182757590524316)  2024-11-06T15:23Z [----] followers, [----] engagements


"@carnitastaco @matthewstoller Never thought of jailed. She's the best thing the Dems have IMO"  
[X Link](https://x.com/Jonathan_Keith2/status/1854185560279015925)  2024-11-06T15:34Z [----] followers, [---] engagements


"$WSC Utilization at levels not compatible with a financially viable rental busines. Storage has collapsed over [----] basis points since 2022"  
[X Link](https://x.com/Jonathan_Keith2/status/1854196422133887408)  2024-11-06T16:17Z [----] followers, [----] engagements


"I never believed $WSC's optional CapEx story. There is a price to pay for their tactics only starting to come due"  
[X Link](https://x.com/Jonathan_Keith2/status/1854204422240293225)  2024-11-06T16:49Z [----] followers, [---] engagements


"$WSC That my friends is a broken business model - and it's only the beginning"  
[X Link](https://x.com/Jonathan_Keith2/status/1854255089818439827)  2024-11-06T20:10Z [----] followers, [---] engagements


"Apparently Toms Capital Investment Managment has taken an activist stake in $WSC. Do you think they did the work simply saw the stock decline or are hired guns Whatever the case do you think they are aware of this: My estimates"  
[X Link](https://x.com/Jonathan_Keith2/status/1854606475185799474)  2024-11-07T19:26Z [----] followers, [----] engagements


"@SSGY12356 A massacre"  
[X Link](https://x.com/Jonathan_Keith2/status/1854973198124958182)  2024-11-08T19:44Z [----] followers, [---] engagements


"Classic $BN LA building appraised at $189M previously $600M. $400M in debt came due in Sept. Funny ending with Brookfield Corp. President Nick Goodman cc quote on how things are improving. https://finance.yahoo.com/news/brookfield-bofa-tower-la-sees-201027298.html https://finance.yahoo.com/news/brookfield-bofa-tower-la-sees-201027298.html"  
[X Link](https://x.com/Jonathan_Keith2/status/1858953986566504810)  2024-11-19T19:22Z [----] followers, [----] engagements


"@NestBetter @PrefShares @Rodbhar @plasticnewt3 @PythiaR $BIP owns $CQP which trades at $58 at 2.9x buyers of BIP at $35 are paying $169 a share for their CQP stake. They can't make money from BIP's investments only from finding a greater fool to pay a higher multiple for their units"  
[X Link](https://x.com/Jonathan_Keith2/status/1862537136655815069)  2024-11-29T16:40Z [----] followers, [--] engagements


"@dindjic Wait until people understand what PE owned insurance cos are doing with their annuity/life ins float and surplus. . 🎇"  
[X Link](https://x.com/Jonathan_Keith2/status/1866403198333747573)  2024-12-10T08:42Z [----] followers, [--] engagements


"New post on $BIP today:"  
[X Link](https://x.com/Jonathan_Keith2/status/1866868624503484657)  2024-12-11T15:32Z [----] followers, [----] engagements


"$BIP Fees are 9% of NAV going forward distributions 17% for a cash expense structure of 26% of NAV. Equity is evaporating in the quiet collapse"  
[X Link](https://x.com/anyuser/status/1866901774151348274)  2024-12-11T17:44Z [----] followers, 23.7K engagements


"$BIP announces deconsolidation of Rutas de Lima aka Peruvian toll road operations. S&P downgrades the asset as it is about to collapse:"  
[X Link](https://x.com/Jonathan_Keith2/status/1866918810969657718)  2024-12-11T18:51Z [----] followers, [---] engagements


"Business as usual according to $BIP's 3Q24 MD&A segment disclosure. FFO growth - check. Inflation protected revenue - check. That nettlesome Brazilian Real - ok. Obliteration of Peruvian asset - not worth mentioning"  
[X Link](https://x.com/Jonathan_Keith2/status/1866920020208484430)  2024-12-11T18:56Z [----] followers, [---] engagements


"S&P writes the welcome to oblivion note. $BIP"  
[X Link](https://x.com/Jonathan_Keith2/status/1866920507121057885)  2024-12-11T18:58Z [----] followers, [---] engagements


"@Rodbhar @unfixed_income @PrefShares @plasticnewt3 @PythiaR Rod perhaps your focus should be: I know BIP ( and other Brookfield vehicles) own assets largely through BAM funds. Why can't I open a report and figure out what they own what it is valued at how much it distributes and financial performance"  
[X Link](https://x.com/Jonathan_Keith2/status/1866923525510140292)  2024-12-11T19:10Z [----] followers, [---] engagements


"@dindjic @TheFCA Who will be in charge of teaching the AI program what a good company/investment is That is the golden goose and rabbit hole of conflict"  
[X Link](https://x.com/Jonathan_Keith2/status/1867187323437539718)  2024-12-12T12:38Z [----] followers, [--] engagements


"@J3_III It's a complicated capital structure with a lot of non-controlling interests pfds etc"  
[X Link](https://x.com/Jonathan_Keith2/status/1867469481813119329)  2024-12-13T07:19Z [----] followers, [--] engagements


"@pavyg It's interesting that Niggli states that the reputation of the player is the first concern. I would think the first concern should be protecting the integrity of the sport"  
[X Link](https://x.com/Jonathan_Keith2/status/1868027844695314859)  2024-12-14T20:18Z [----] followers, [---] engagements


"@pavyg Excellent contrast/point. I remember the hell he caught during that time"  
[X Link](https://x.com/anyuser/status/1869396587535011879)  2024-12-18T14:57Z [----] followers, [---] engagements


"@NateHindenburg To put this in context the Senate Finance Committee asked Brookfield Asset Management for a list of its investors among other things. Brookfield did not give them the info according to this letter from teh committee: https://www.finance.senate.gov/chairmans-news/wyden-continues-investigation-into-kushner-conflicts-of-interest-influence-on-us-foreign-policy https://www.finance.senate.gov/chairmans-news/wyden-continues-investigation-into-kushner-conflicts-of-interest-influence-on-us-foreign-policy"  
[X Link](https://x.com/Jonathan_Keith2/status/1869412395107713395)  2024-12-18T16:00Z [----] followers, [--] engagements


"Motley Fool @themotleyfool is at it again. Matt DiLallo is so far off with his $BIP analysis here it is not funny. I'm surprised it doesn't have a giant disclaimer on it. https://www.fool.com/investing/2024/12/19/this-4-yielding-dividend-stock-is-a-top-buy-for-in/ https://www.fool.com/investing/2024/12/19/this-4-yielding-dividend-stock-is-a-top-buy-for-in/"  
[X Link](https://x.com/Jonathan_Keith2/status/1869762101801341091)  2024-12-19T15:09Z [----] followers, [---] engagements


"Interesting. $BIP Insider Monkey picks up my latest substack write-up. https://finance.yahoo.com/news/brookfield-infrastructure-partners-l-p-143824114.html https://finance.yahoo.com/news/brookfield-infrastructure-partners-l-p-143824114.html"  
[X Link](https://x.com/Jonathan_Keith2/status/1872731264031289521)  2024-12-27T19:48Z [----] followers, [---] engagements


"@CuiBonoCapital Everyone needs to lose the tribal tropes and pay attention"  
[X Link](https://x.com/Jonathan_Keith2/status/1876300140606067054)  2025-01-06T16:09Z [----] followers, [--] engagements


"I'm not surprised about a monetization event. $BBU and $BAM's PE funds need the cash. I'm surprised it is a dividend recap. Why no IPO for Clarios in this market https://finance.yahoo.com/news/brookfield-clarios-plans-raising-debt-223355638.html https://finance.yahoo.com/news/brookfield-clarios-plans-raising-debt-223355638.html"  
[X Link](https://x.com/Jonathan_Keith2/status/1876622444342964594)  2025-01-07T13:30Z [----] followers, [---] engagements


"@matthewstoller No one should expect the status quo to work in an economy that is producing this: https://x.com/WinfieldSmart/status/1785695022685311453 HOMEBUYER 🏡 CHANGE SINCE [----] VIZUALIZATION https://t.co/VSkQlb2Y5i https://x.com/WinfieldSmart/status/1785695022685311453 HOMEBUYER 🏡 CHANGE SINCE [----] VIZUALIZATION https://t.co/VSkQlb2Y5i"  
[X Link](https://x.com/Jonathan_Keith2/status/1878692544747614291)  2025-01-13T06:36Z [----] followers, [--] engagements


"@Steve_382 @sellnowbuylater If you look at what they are paying for $HEES cheap or acceptable is a long way from here"  
[X Link](https://x.com/Jonathan_Keith2/status/1881723624622899234)  2025-01-21T15:20Z [----] followers, [--] engagements


"@GunterFehlinger @vonderleyen @ManfredWeber @magnusbrunner @EP_President @BoykoBorissov @KirilPetkov @Bulgaria It's a terrible idea for BG"  
[X Link](https://x.com/Jonathan_Keith2/status/1882836578416152853)  2025-01-24T17:03Z [----] followers, [---] engagements


"I put out short piece on Edper this morning. What's up with the sub-par realized gains in the private infrastructure funds $BAM $BIP $BN"  
[X Link](https://x.com/Jonathan_Keith2/status/1884237636052860980)  2025-01-28T13:50Z [----] followers, [----] engagements


""How does Brookfields infrastructure fund performance stack up against competitors 🧐 Our analysis shows slow realizations thus potentially inflated returns. Check out the latest on my Edper substack #Investing #Infrastructure #PrivateEquity $BAM $BIP $BN"  
[X Link](https://x.com/Jonathan_Keith2/status/1884239430837498250)  2025-01-28T13:57Z [----] followers, [---] engagements


"New piece out on DF Research and Edper on $BIP"  
[X Link](https://x.com/Jonathan_Keith2/status/1884621174358835222)  2025-01-29T15:14Z [----] followers, [----] engagements


"Hitting the crack pipe $BIP sell-side"  
[X Link](https://x.com/Jonathan_Keith2/status/1887245112758976742)  2025-02-05T21:01Z [----] followers, [---] engagements


"$BN "Management has started to simplify the equity story and improve its communication with investors." Who told them to say that of all things"  
[X Link](https://x.com/Jonathan_Keith2/status/1887624643751678422)  2025-02-06T22:09Z [----] followers, [---] engagements


"@joecarlsonshow @BillAckman Although he invokes Buffett he is copying the business model of $BN Brookfield who pioneered the model of charging fees that are not linked to results - market cap based rather than growth in value. It's better than owning the assets"  
[X Link](https://x.com/Jonathan_Keith2/status/1892228061971595502)  2025-02-19T15:01Z [----] followers, [--] engagements


"New Edper out today. How about that fund-raising $BAM"  
[X Link](https://x.com/Jonathan_Keith2/status/1894407650495848465)  2025-02-25T15:22Z [----] followers, [---] engagements


"$BAM boasted of fund-raising trends on teh 4Q24 call. This is what capital raising looks like in BAM's core private market silos. It doesn't look pretty"  
[X Link](https://x.com/Jonathan_Keith2/status/1894454256985350364)  2025-02-25T18:27Z [----] followers, [---] engagements


"@amorphous_soul @EpsilonTheory @DanClar07859723 Not helpful. Let's just stick with discrediting him with ad hominem attacks rather than focus on the factual (or not) content of his speech. It's easier that way"  
[X Link](https://x.com/Jonathan_Keith2/status/1895000722095145037)  2025-02-27T06:39Z [----] followers, [--] engagements


"New piece on $WSC out on DF Research"  
[X Link](https://x.com/Jonathan_Keith2/status/1895148748721840142)  2025-02-27T16:27Z [----] followers, [----] engagements


"Looks like $WSC had quite the investor outreach program in 4Q25. I wonder what they promised Dividend and"  
[X Link](https://x.com/Jonathan_Keith2/status/1895525783856431607)  2025-02-28T17:25Z [----] followers, [---] engagements


"Canary Wharf is still "oozing occupiers at an alarming rate". Is it still Brookfield's largest property position by equity $BN https://www.thebanker.com/content/c0047f5b-22cf-4755-98e9-f54fa98e5767 https://www.thebanker.com/content/c0047f5b-22cf-4755-98e9-f54fa98e5767"  
[X Link](https://x.com/Jonathan_Keith2/status/1896949268914815117)  2025-03-04T15:42Z [----] followers, [---] engagements


"$WSC still has massive allowances for credit losses. Still no disclosure explaining the number still a critical audit matter. For context $MGRC's is 1.3%. WSC is almost 15x that"  
[X Link](https://x.com/Jonathan_Keith2/status/1897325048291319998)  2025-03-05T16:35Z [----] followers, [----] engagements


"Dan McCrum at the FT published a long-form article on $BN $BAM ($BIP not mentioned). I made a cameo appearance. https://www.ft.com/content/6e070b14-74cc-4ade-bd80-7bd3900c6a82#comments-anchor https://www.ft.com/content/6e070b14-74cc-4ade-bd80-7bd3900c6a82#comments-anchor"  
[X Link](https://x.com/anyuser/status/1897668037701972393)  2025-03-06T15:18Z [----] followers, [----] engagements


"$WSC impressive investor day 💀"  
[X Link](https://x.com/Jonathan_Keith2/status/1898115816488681644)  2025-03-07T20:57Z [----] followers, [---] engagements


"@BreakoutPoint @BillAckman @muddywatersre Bill made a huge long bet this year on Brookfield $BN- a financial. Investment finance can be ironic too"  
[X Link](https://x.com/Jonathan_Keith2/status/1899831705638203436)  2025-03-12T14:35Z [----] followers, [---] engagements


"DF Research published a piece on $WSC today. Did the ABL lenders cut-off credit Is an aged-out fleet a valuable asset in disguise"  
[X Link](https://x.com/Jonathan_Keith2/status/1900257699222139367)  2025-03-13T18:48Z [----] followers, [---] engagements


"$BIP $BN The Peruvian toll road saga continues. Gov't took back the concession saying one of Brookfield's toll was "inhuman and harmful to residents". Brookfield files $2.7B lawsuit. Shareholders need not worry. They will never mention it. https://www.bnnbloomberg.ca/business/company-news/2025/03/14/brookfield-files-27-billion-arbitration-against-peru-over-toll-roads/ https://www.bnnbloomberg.ca/business/company-news/2025/03/14/brookfield-files-27-billion-arbitration-against-peru-over-toll-roads/"  
[X Link](https://x.com/Jonathan_Keith2/status/1900628373149200400)  2025-03-14T19:21Z [----] followers, [---] engagements


"@Nacho_Elnandez It is not either or. The fund can provide adequate asset-level disclosure without a press release. It's easy if done on an ongoing basis"  
[X Link](https://x.com/Jonathan_Keith2/status/1900796294072787102)  2025-03-15T06:28Z [----] followers, [--] engagements


"Said without irony. $BN $BAM $BIP $BEP $BBU https://www.theglobeandmail.com/politics/article-carney-promises-conflict-of-interest-screen-to-prevent-him-from-making/ https://www.theglobeandmail.com/politics/article-carney-promises-conflict-of-interest-screen-to-prevent-him-from-making/"  
[X Link](https://x.com/Jonathan_Keith2/status/1902798279944937533)  2025-03-20T19:03Z [----] followers, [---] engagements


"If there are still those who don't believe $WSC's attempt to purchase $MGRC was a Hail Mary to save the company here is comparative performance after abandoing the acquisition- MGRC +13% WSC -26%"  
[X Link](https://x.com/Jonathan_Keith2/status/1905322377065492714)  2025-03-27T18:13Z [----] followers, [---] engagements


"@BarclayCard18 Congrats to Andy on the win"  
[X Link](https://x.com/Jonathan_Keith2/status/1905381760315064803)  2025-03-27T22:09Z [----] followers, [---] engagements


"New piece out on both Edper and DF Research on $BIP"  
[X Link](https://x.com/Jonathan_Keith2/status/1907798260619583741)  2025-04-03T14:12Z [----] followers, [----] engagements


"$BN $BIP Mark Carney ran Brookfield Asset Management one of the most toxic private equity giants in the world. It's funny he's now running Canada. Mark Carney ran Brookfield Asset Management one of the most toxic private equity giants in the world. It's funny he's now running Canada"  
[X Link](https://x.com/Jonathan_Keith2/status/1908150715115089937)  2025-04-04T13:32Z [----] followers, [---] engagements


"If institutions liquidate $BIP's underlying funds for 80% of NAV how long with investors pay 2-3x NAV for the public units $FT"  
[X Link](https://x.com/Jonathan_Keith2/status/1909238979020333058)  2025-04-07T13:36Z [----] followers, [---] engagements


"Still a ways to go IMO $WSC"  
[X Link](https://x.com/Jonathan_Keith2/status/1912202275675644205)  2025-04-15T17:52Z [----] followers, [---] engagements


"$BN can't refinance retail. Surprised Loan market frozen An $885 million leveraged loan to refinance Brookfield Properties Retail's existing debt has been postponed until the market stabilizes and investors can agree on pricing. The loan's marketing was paused due to lack of demand despite Wells Fargo's efforts to Loan market frozen An $885 million leveraged loan to refinance Brookfield Properties Retail's existing debt has been postponed until the market stabilizes and investors can agree on pricing. The loan's marketing was paused due to lack of demand despite Wells Fargo's efforts to"  
[X Link](https://x.com/anyuser/status/1913259093537567216)  2025-04-18T15:51Z [----] followers, [----] engagements


"$BN Tropy Core More retail problems. @Jonathan_Keith2 Brookfields $260M CMBS loan in South Florida heads to special servicer Debt is secured by struggling Pembroke Lakes Mall in Broward County https://t.co/Y7eg3lGLGX @Jonathan_Keith2 Brookfields $260M CMBS loan in South Florida heads to special servicer Debt is secured by struggling Pembroke Lakes Mall in Broward County https://t.co/Y7eg3lGLGX"  
[X Link](https://x.com/Jonathan_Keith2/status/1913284810975437048)  2025-04-18T17:33Z [----] followers, [---] engagements


"Is Cramer right this time $BN $BAM"  
[X Link](https://x.com/Jonathan_Keith2/status/1917568488895402245)  2025-04-30T13:15Z [----] followers, [----] engagements


"@Steve_382 $URI said specialty is doing well. Talked about modular openly (1st time). They are gaining share less in McGrath's markets than $WSC's IMO. $MGRC had an ok Q pricing was on their side. $WSC is not in a good position IMO"  
[X Link](https://x.com/Jonathan_Keith2/status/1918026509748469874)  2025-05-01T19:35Z [----] followers, [---] engagements


"$WSC is being smoked IMO"  
[X Link](https://x.com/Jonathan_Keith2/status/1918043961664405529)  2025-05-01T20:44Z [----] followers, [---] engagements


"I shared my $WSC thesis with a large long. The PM said my analysis was very flawed (though he declined to say how). He said he would forward it to management to get their reaction. If mgmt said I was onto something he would reach out. Pure roll-up your sleeves rigor"  
[X Link](https://x.com/Jonathan_Keith2/status/1919402098044584026)  2025-05-05T14:41Z [----] followers, [----] engagements


"There was one important think in $WSC's quarter. I talk about it in the DF Research post on Substack"  
[X Link](https://x.com/Jonathan_Keith2/status/1919416651960742304)  2025-05-05T15:39Z [----] followers, [---] engagements


"I just issued a correction on my latest $WSC piece. I misidentified an executive as President Tim Boswell when the speaker was in fact CFO Matt Jacobsen. Apologies to all for the error"  
[X Link](https://x.com/Jonathan_Keith2/status/1919432493951836621)  2025-05-05T16:42Z [----] followers, [---] engagements


"Net post on Edper today $BN $BIP"  
[X Link](https://x.com/anyuser/status/1921917102711087284)  2025-05-12T13:15Z [----] followers, [----] engagements


"RIP Healthscope. $BN $BBU purchased the co in [----] for A$5.7B. Healthscope - Australia's second-largest private hospital group - has fallen into receivership and is seeking to sell its [--] hospitals. The major private health group which is currently saddled with some $1.6 billion in debt says there will be no immediate impact on its https://t.co/EWzZW4lNmh Healthscope - Australia's second-largest private hospital group - has fallen into receivership and is seeking to sell its [--] hospitals. The major private health group which is currently saddled with some $1.6 billion in debt says there will"  
[X Link](https://x.com/Jonathan_Keith2/status/1926866800622420165)  2025-05-26T05:03Z [----] followers, [----] engagements


"Brookfield companies trying to leverage Mark Carney's position as PM What a surprise. $BIP $BN $BAM https://www.msn.com/en-ca/money/other/brookfield-firms-seek-help-from-carney-days-after-he-takes-office/ar-AA1FDX7h https://www.msn.com/en-ca/money/other/brookfield-firms-seek-help-from-carney-days-after-he-takes-office/ar-AA1FDX7h"  
[X Link](https://x.com/Jonathan_Keith2/status/1928070274760503563)  2025-05-29T12:45Z [----] followers, [---] engagements


"@unusual_whales Maybe it is only $349B worth"  
[X Link](https://x.com/Jonathan_Keith2/status/1929584722184716355)  2025-06-02T17:03Z [----] followers, [---] engagements


"Note to Connor Teskey: How about some transparency of valautions financial performance and accounting Brookfield may cultivate a squeeky clean image but behavior is something else. $BN $BAM $BIP $BBU $BEP Brookfield Asset Management President Connor Teskey joined @BloombergTV this morning at #SuperReturn to discuss where we see opportunities in todays market from private equity to #AI infrastructure. Watch the full interview: https://t.co/3d26lYVmRN Brookfield Asset Management President Connor Teskey joined @BloombergTV this morning at #SuperReturn to discuss where we see opportunities in"  
[X Link](https://x.com/Jonathan_Keith2/status/1930611816004030730)  2025-06-05T13:05Z [----] followers, [---] engagements


"Ok. I admit to fearing this nightmare scenario where PE rules the abscence of public markets means leverage has no bounds and valuations don't even have any reference point with reality. At least someone's happy. $BN $BAM https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/private-assets-giant-brookfield-expects-alternative-investments-replace-public-markets-25-years https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/private-assets-giant-brookfield-expects-alternative-investments-replace-public-markets-25-years"  
[X Link](https://x.com/Jonathan_Keith2/status/1932157158420045895)  2025-06-09T19:25Z [----] followers, [----] engagements


"The apparent undisclosed SEC investigation into $BN $BAM's private equity silo centers on accounting according to a lawsuit. $BBU $BBUC"  
[X Link](https://x.com/Jonathan_Keith2/status/1932818964968526291)  2025-06-11T15:15Z [----] followers, [----] engagements


"@ryankalt It seemed such a strange thing - to move the HQ domicile so passive investors have to buy the stock"  
[X Link](https://x.com/Jonathan_Keith2/status/1933016481102491776)  2025-06-12T04:20Z [----] followers, [--] engagements


"@ryankalt Imagine the thousands of Brookfield related entities Deloitte audits. You have to wonder how far they will bend to keep that gusher flowing"  
[X Link](https://x.com/Jonathan_Keith2/status/1933021102885753247)  2025-06-12T04:38Z [----] followers, [--] engagements


"The vast majority of $BBU's investments are rated deep junk with ratings hovering just above CCC+ where default is a real danger. Here is a chart of the debt distrbiution. $BN"  
[X Link](https://x.com/Jonathan_Keith2/status/1933163403041800311)  2025-06-12T14:04Z [----] followers, [----] engagements


"Large loans to offshore HoldCos financing who knows what assets is not what @BillAckman said $BN $BNT would do when he defended their insurance strategy. Yet there it is. $BBU"  
[X Link](https://x.com/Jonathan_Keith2/status/1933165210115993842)  2025-06-12T14:11Z [----] followers, [----] engagements


"@PythiaR I wonder if $BAM's out performance was due to expectation of S&P inclusion. It's a nifty trick for a large market cap (but small float)"  
[X Link](https://x.com/Jonathan_Keith2/status/1933197528813490313)  2025-06-12T16:19Z [----] followers, [---] engagements


"Heard someone queried $BN on whether insurance co funds were used to finance $BBU. The answer was yes. Why is this important and what we don't know Net/Net - BBU may be even more levered than it appears. [--]. If entity indicates 3P capital not available likely due to fin stress. [--]. If HoldCo means it's a general slushfund for mgmt. [--]. Is this debt on BBU balance sheet [--]. Why isn't it disclosed Large loans to offshore HoldCos financing who knows what assets is not what @BillAckman said $BN $BNT would do when he defended their insurance strategy. Yet there it is. $BBU https://t.co/0YPG6cFQy2"  
[X Link](https://x.com/Jonathan_Keith2/status/1933552716258947206)  2025-06-13T15:51Z [----] followers, [----] engagements


"@ryankalt Any explanation for how/why Connor Teskey was picked to be the next ruler Accounting guy sent to London to be JBF's right hand man. Next think you know he's annointed"  
[X Link](https://x.com/Jonathan_Keith2/status/1933577561444864106)  2025-06-13T17:29Z [----] followers, [--] engagements


"@tho_capital Agreed. For this one I was focused exclusively on $BBU related. Still no on knows where the $800M went or if it is reflected on the LPs balance sheet. I'm leaning toward undisclosed and off-balance sheet"  
[X Link](https://x.com/Jonathan_Keith2/status/1933749393980526835)  2025-06-14T04:52Z [----] followers, [--] engagements


"@KobeissiLetter Maybe it is discounting Iran losing + regime change hence the west gaining control over the resource"  
[X Link](https://x.com/Jonathan_Keith2/status/1934656677455729139)  2025-06-16T16:57Z [----] followers, [---] engagements


"@dindjic Are they saying that expected returns up the cap stack are higher than equity"  
[X Link](https://x.com/Jonathan_Keith2/status/1934982504425173051)  2025-06-17T14:32Z [----] followers, [--] engagements


"So S&P Downgrades 4x in [--] years to CCC- the thing goes cash flow negative [--] yrs ago Lima reclaiming the asset but has not written it down. $BIP $BN $BAM Still believe those IRRs https://financialpost.com/pmn/business-pmn/brookfields-bet-on-a-road-becomes-a-2-7-billion-headache-in-peru https://financialpost.com/pmn/business-pmn/brookfields-bet-on-a-road-becomes-a-2-7-billion-headache-in-peru"  
[X Link](https://x.com/Jonathan_Keith2/status/1937507324047794616)  2025-06-24T13:45Z [----] followers, [----] engagements

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