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i’m currently a freshman in business analytics at NC State and i love stats and my goal is to work in sports analytics one day. i currently have enough credits where, if i continue with business and add a stats major i can graduate on time, but it’ll take a lot of work (i’ll be taking 16 credits per semester plus summer courses along with the rigor of a STEM major compared to a business major). is it worth it to add a stats major so i have a better chance in the sports analytics field? NC State also has one of the best stats programs in the country but i have no idea if it’s that big of a difference maker lol | r/sportsanalytics | post | r/sportsanalytics | 2025-01-21 | Z0FBQUFBQm9OZU1CQmpkMktLNkRocGkybFpNNnl0dE9qU0d1TVBSYVgycy1vdi1BQjVaV3VvTGhsX29yWEI4aTRnNGJDRDhNS1FSTUNxY2hiUW10cnhfMjJ1NFNVM3VzcDlfMGVwQjJMRkNxS29ibldKa2IwaUE9 | Z0FBQUFBQm9OZU1JUVRTeDlYbUVoT1VWTWdFMEhCLXpVOFNnWmVyRXJqU3RraC1JV3JCS2h3X3VfTEw0azR2V2dFdkw3MjZsQ19GamtrRml5MmV4aEc0RWdkMmFVVWgxMHhkcC0zdUxXYTQ0VFJvVXQ1VnVvc2FZQXoxSTBfQkNwWEVLUU1BTEdaNXVtSW5YbFR5Tm82R3BvaGx3T2VMZGRTSVB5TDcyTnZiNnBvbzhkYkFuS3FRPQ== |
Those drawdowns in 2018 and 2022 are nuts. More volatile than both bogeys provided and underperforming at the same time. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-21 | Z0FBQUFBQm9OZU1Cems2blF5SHhqWEZ1cmFUOGxYTHpOWHh1NG8xSmVZUUNNX2ZOdXR1cHNQajZKMzZfdWQtano3SE84bVB1WE9LOGtacDJQeTlzRnpDTG5ySThobkhyX0E9PQ== | Z0FBQUFBQm9OZU1JNnFEeUFuRVJlQmJVUmw1aWpVaHRKR3M1akhSQlVZYnpNcHpidXlBNW1rRnVEY3hkbThLZVVYTGZaSElqSjl4TDJiQjlQLWdHeEo5cEpwTFBrZXVQMjVTSmV4ZWhEcHV2Mlk0YUdBUkVBUkptQ2xsRkVIUlphQjFPUlJnTWVXVWhvWHlXZFZneWpLSDRCY0RPUWg2WTNxZG82N3BQTjRrZ29jVTBzamsxOURUazdrN3d0MllFUVk4N2RaNE5qaF9W |
Anyone have any suggestion for best place for me to get sports data for a NFL based model I want to train | r/sportsanalytics | post | r/sportsanalytics | 2025-01-21 | Z0FBQUFBQm9OZU1CclFkNEhkSDlzQ2hJbGxFOG43TGlzUVlYdXExQVVleVZtUGdHRnRaLUY0WVVDXzU0RGJyUzh3ZkJxeExrRmpFUm92T1dVc2ZtTWtmdmo2d01DeV9qV1E9PQ== | Z0FBQUFBQm9OZU1JZ1FoRDZKb0Z2RzhmZHdSUFFSZXY4eXFPN0FMQzJYanVhNGl6LXdmWDJ2VTdqcl9YRzVKd1c0Ym15dXBIUkw5S0NhZ2lQWEtEQlg5Sm55N3R1Nm9zUWRINTY1SW1lWXdzenpWOFpabEc5ZDFTUzZNRkRFV0FILVowb1NmaTZTa1k2aXBBTi15b1FXeGEyb1B1ZzlYamZiYW9kc01YMFRKSC1NU2k5RGctTk1sU0llUHNJNmRaYWxNZXR3QldkdDdxeTZWX0xIUGxzZEFrSndtRTdxUzNkdz09 |
Have faith it will soon move! 🙏🏻 | r/filecoin | post | r/filecoin | 2025-01-22 | Z0FBQUFBQm9OZU1CUFQydTZrY0tMWTNheFF1QXFXekhNaDh6NDZPa3otWk03cWhud1NiM0xZaElRM3FfRU44b2xfb0ZSS0d1V1hoQkxEenloYnVSNFcycjQ3SjBLbzFZMjJSbFJCbnVJdFRmdThxTVJSMWNxdXM9 | Z0FBQUFBQm9OZU1JMGJ3OFFLZ3I0S1ItVFFSUzI2Mkg0c196X0VhS1VoTUhhczBBcGtjLVZ4NW9YVGd2bVM2TXdpY0pIanZCenBVa1lsWW5rZW5Ycm95dzFCMndxTkYxYzVRYVYtQlZ3eXo0SXdoNnhhZ2NrRF9CWTgzb0VmakdSZ0JVWGpRbm16WEJtMlc2eHRtbGk0dUNUSjE1V0dWU29zQUZFYlRMTDhaaHZPMnpXM3M4TFJFTGZJVTJPWW91bGpBZ0w5bWp1RWJT |
I recently completed a research on Football Performance Analysis in Africa and found some findings interesting. A lot of analysts complained about African coaches not embracing data and equally, financial challenges in software subscriptions.
What do you think is the way forward for football analysis in Africa? Equally, do you think analysis has a future in African sports? | r/sportsanalytics | post | r/sportsanalytics | 2025-01-22 | Z0FBQUFBQm9OZU1CN2l5UjI4Tnc5OTdhdXFmUkpXVkZtUTRqWkp3U2RxNmNJcl9MaHdIYlE0NkRvb2RodHUwR0xZVExfU1I0R3lWZS10TXluSWMyNnBDSDdkY0lWRHhqWkE9PQ== | Z0FBQUFBQm9OZU1JVzQzZF9nazFkSnR5VnhLcmF3bWpqbmlJM3VPQnRwRk83T0FyamVOazZQSzdFMEgtOWtzb1ZnRXBzY25iM1hySlVJVkVUN3pqWlJtX0V5bVNnNUd1Zm4wRVZ0UGdKRVdhQ24wUG9BemVxTHJkTVc1QlE2VG1NVDR1dGp1UXRiZU13SE41OWZ4OFJLa3Z4Nk9wZHB1UF9IM2g5MmdXUFY1NzJiZVNzY0kxdEp3c2JFZTIteGo3cGZiWFkta2RTSEpB |
Is Greenlight Q4 out? Thanks! | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-22 | Z0FBQUFBQm9OZU1CM1lDUEx6RXM0SmRMa1NEdTBkRC1pODh5VlFHSWNxa2hXNG5EVW02bWpTeHJ4b0N0amNfOEI1U1ZCZkhoZlNsNFRpa2JfYlBIc2ltdHZYTTZKU1Fqemc9PQ== | Z0FBQUFBQm9OZU1JNjhaczhIalE4ak1mdlhiSVpDQmhNZHRsUFhva0Z4WHFLMDUyOHJWYWtJd3k0Um9naEJSUExydTlUNkhpVDkzTGR3UE5wdmNIbl96aXA0NHZUeWgyNk5QdjBkcXFNZnR1LXpGU1FZY1RmU3owV0dUeHU3U1AyMG94Sk55V2YzZDJVZ1pQYjBQZ2dIemNQSnBSQ0RDbGdvX2lMZjdRQ3ZkQTlMN2lyY01fdDkxdkVLMXVmejFiM0NhWU9hZnpDMTU0 |
Hey y’all I bought FIL a few years ago on KuCoin and have been informed that KuCoin is removing users from he US by shutting them down. Wondering how to store my coin into either a hot wallet or cold wallet? I have the original ELLIPAL titan cold wallet but I need to update it but not sure which network to use? (I think I asked that correctly?) I see that on KuCoin they provide both BSC and HECO contract addresses but I was reading FIL went to its own network?
Sorry if I am asking the wrong type of question as I am still pretty new to this. | r/filecoin | post | r/filecoin | 2025-01-22 | Z0FBQUFBQm9OZU1CaTJQc3VEVjZrb252SDJ5V0I0elA1aWlsUU9IWHdCRjV1OEtsejBVb0FNbHY2U09nS2Y2TE91dVgtU3pWMkw5R3NBUUVvcUtyS3hZSkM2dzZvUVVwY0E9PQ== | Z0FBQUFBQm9OZU1JTkRtZUNrcFpvY3R4bEZVT3pPQzFycXNhay01cUdTcVBPM1FNSUFkazJNSWtUQVV1Y3JwNWNTREYyVXFtdlZjTjM5YmluVDA2dHE3SDVRTUV1N2FZeHZEc0prQWVHaVcyM1JCcGdsV3VoZnk3X3VNWWgzdkxBLVZyblZRWmlwTUZGemhINVZ1azFyR1ZQT3RoUFRxSm9xbDBOeGtERmQzd1BBTk5uQ2wwWTIwPQ== |
Is there any ready built application to interface with the network? It does not need to have a UI.
From what I understand the files need to be split to buckets and in general they need to be preprocessed and go through IPFS (?).
Please do not suggest to go through gateways, that destroys any meaning for me. | r/filecoin | post | r/filecoin | 2025-01-23 | Z0FBQUFBQm9OZU1CM244S0QtYUUtT3draUxnTGc3cVQ2OUxtSXJlUlNjZ0c0T1Ixbm8tYllUUWtaTjczSVNCbmx5RlppcFcyV0h2U1E2VmdaeWsxTG52YmUyX0JyeEFuOVE9PQ== | Z0FBQUFBQm9OZU1JQjEzYWEtV0wwX2hEbFJtTGtBd3RScVRoYjV6eml0QzFxcG92QTVpbXp2U25zRWhQcXFFakZMdXI5djl4NFUwdXZHdjN3bXdPa0dVc196V1lGSUNfQVA2Uk1MUVdGTV92TldhTGJLakVXUVI0SjdMRm14S0YxNjdpblpBck9LdFY2R1AwRVFyRHplR0cxMWNFM24tUUhBMy1QUUV3bGxRVm9wNXZkdnExeFo0UDh6dlhWTnRjZ3RPQjgtcFlyaVZDM0ZWdG9tSVZFWnBhRERlOWl0ZkpEQT09 |
Anyone seen a copy of the letter online? | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-23 | Z0FBQUFBQm9OZU1CVHpvNWFTdVE2S1RDLWw2bnlaanByRkhuN0toU0FCZVY0QVowcUtmOXZXRzJQSVdIWmV5QjAtdHpPNFg4cEJ1T044RFZIOW15emJhUnhpUlJ5bV95cnVhUUJGRG1HQjIwcDhQTFEtM0VzeVE9 | Z0FBQUFBQm9OZU1JV09ibkpaSFRKSDhfVXVSNHRsLTZpLWZpXzF3VDNocUpxTXpGa1JrV2tYTldod1lYd0pzaUVKdEFSYTlWaElucDZDSERfOWJCNUZMalp4M3Zva1h6dnRfb2p5eFF1SzhLcW1JWk9jV3BtRC16d0Z6VFdKa3ZzeTlJLTRwaWo0LUY5cEd1ZTcybkVTanRQdGlKWFU0Um9Mek9HT1RLZ2xldXVlQ2NIcjdtUVhUcXdEdVBwWmlndXdYd2VEc05Odl9DRllSd1lUek9sOVYyQXdSTDRrcTk5eDFPYUJtX2t6M2k4c3JIVFBydUdaRT0= |
I would close the fund and start a new one with those numbers... | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-23 | Z0FBQUFBQm9OZU1Ca3dZQm5wMnNORGMtSFpMMXlEZ1ppeXkyejR4Ym9pQjhVZklrTjdIYzhzMVl6dWVuUG1oazVrQTlGNk9YUjFSSEFrd1RucWdIZ0pvRXU5WXlMUzNYWHc9PQ== | Z0FBQUFBQm9OZU1JX3prcEZUYWoxUEdaRE4zTkItM0l2YUJ5WGNzYXUzc0JSbDRGR1VBd296Q3FTZ2Uxb1dPdnh3bUJ1NEFuSE5rRmtjS2F4Y3VQdVozVEJkeWRqX0FhM0JlZmQybmFFd1h1NW5hOGRsd2h3d0VBaXNIV1hFdjJPSjU3a1BVQWsxTVBqMm9CTVRJYWVveXoydHlhakk5VHUxM3lCaG1ZSDdIU2dtd0N2YzVBQ0J2MDE1Y3hfMXk3ald6Ykt6RXJSWTkw |
Greystone Value's [Q4 2024 Letter](https://www.greystonevalue.com/_files/ugd/47fd79_a54ed5fe7f17447083511063bba629d1.pdf)
Mentioned: SYZLF, IVFH, LMB, NRP, BELFB
Full pitch on NRP | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-24 | Z0FBQUFBQm9OZU1CQzNQUkdaSUVSaU9nLTFPY0NmX1pQd0pYTmlLMGRfRzdXSGJBNUZNY2VFM0FjVmpHb3NCTjRPWUJGTmpOb3VxU2RrdEZjc29oZURzNldTcUhMbU5HclRxU1dCVTNmdlZqcXFYYnFzelRPMHM9 | Z0FBQUFBQm9OZU1JWkg0S2dlRHcwWEZaS3Ftb2JxblV5SEVMaDdZVlZ2SnVrank0RkR2ZW1UZG41SFEzWjJqOUROSzZPdnIxRXpIU296S0N3M3VubFQ5X0VKNEhRM2l3UWM1Y2NiRmxad081YmJobXhYQmdsUFNnQWppNm9OdDNjR3VJREFhSkd5QkY2b1Y0YWtwQW1uWnh3MlJlcG14THBpVG5jS3ZoNnNhcVlJc2QzeTU5aXd3TGlYZlZTTkpRbnVwQUZBaGh5R0s0 |
[Sweet Spot by GS](https://www.gspublishing.com/content/research/en/reports/2025/01/20/a2d2935c-4bfb-49c0-ad1a-c5d67ad0e498.html) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-24 | Z0FBQUFBQm9OZU1CaVNHOXZnRzRWY21BWmxxbkV1R1pnUVJmTnBfb0Fiemk2cllxTkYtSXFGbXNNVzNUU3RfY0hBU29nWWdaZVJBTGlhSXpiWWVyLWcyNkcwY0FtcFc3V1E9PQ== | Z0FBQUFBQm9OZU1Jd05zSDZuRE1jaHVKMWVHYmFqdVE1aUtONGFobUZoaUZVWG5rb2ZidUhIWkdiM19GdGJNbVNCZFNJQ1hoNmF3VTFYQ1pEUlVoTjFTNjNnOThMQ1lTZmdMR2Q0TnNGazVfb1JadENJRU0xQzE0RDBFWU42LW1SQjNIdHZ5OEtfdEVybzl1NVo5ZjgtUHVJNnZvQ05jU0FSM0V6RE84T1lrS0xsemF1SHB0QkZVa1c2T3g0RDJFeEgwRlN2TGdqN09w |
Was curious about how folks felt about the future of the sports industry and the sky rocketing of usage of analytics, I believe it is a great thing for sports and will lead to more efficient and better run organizations, what is everyone else's thoughts? | r/sportsanalytics | post | r/sportsanalytics | 2025-01-24 | Z0FBQUFBQm9OZU1CQVZFMWdyeDFvb0wxZEg4ZEVYVkF4cHU0VkZCb25CMUJFbi1KQ0JyVEhsU1lYblE1clBLQkc2U0lqb1lMY3Y1Rmk4ZGNXTUpjNWRZRGlpV2tNcl9yVFE9PQ== | Z0FBQUFBQm9OZU1JX2IyX21wY0JweVJXZzdwbTdfdEw1SWJKTmNQdXNnQ01MWUhEZGhIZllLdl9sbEt0d0k0TGFSUmZMRDBZaVJOSzhPUUpSX0hiTnFmbk95dFJndUdJZExwZHlLcnlEWElhTG9lQTRUT09BUjJfSXN0Y09GdWpQMno2VzNTdFhTUEQwakoyY3FsLTVyX0ZXdHFZX1lTZE5HZWpZMndCQ0hxdFNVR0JfTXNFYmx1VEFjWW9LcXN0M2tZVmxLWEZNRXlE |
[Pernas Research](https://pernasresearch.com/quarterly/2024-q4/) \+45.6% XOM RELY UPWK TSSI | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-24 | Z0FBQUFBQm9OZU1CM29ETGVpelNLWFRoTEVJTjBGbnJFaFUyTFBxZS1IdlpodWpfVWNjS3ZjYzFkRDRrQm01UXl0TmxMelg1YUV2QTdkSWE0UnV6M0EtemNBb25relpGS0E9PQ== | Z0FBQUFBQm9OZU1Ja3lLTWVUekJLN1l0SGJYb0hxRlNwRVlTTmtCQnhrcUJud1dHUjNtdmhMQ1hTOWQ3TDFoS2xyc1lfb1ZrUDlxX2pCNG85UGs0dndkcDlNaVpGMFQ5RWpGSUN1ZTJPdTRYNjhhOTNwRjFzMDROWGZweHkzR3dCQkdTdDVXMXdjVkRnbWVraDVVTERsTjc5ME5odmZyaGxITHBIRHVaR1M1R1dLdGRlRVpHYVlrU3JpLW5UQWk0VTRzZlYtQlVDTnh6 |
[Rowan Street](https://www.rowanstreet.com/post/rowan-street-2024-year-end-letter) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-24 | Z0FBQUFBQm9OZU1CUXZOa3ltelhiLUI2ZHlxRHQwYUo5UlZpcmJveDZETkR0SDQ5d2lFMnF2b3lyamE0ZU5ISlljb3dJdEd4aXhHZm16WmRQbW9IUnV6SXotVEJWNTJMWHc9PQ== | Z0FBQUFBQm9OZU1JRFVXMmJ6bFBUWlBQZGJyNDdiQTd0TXJCal9LNmFpenJnbVdpVERkMVRkWlNOTFlEWWI3cEZKXzhwYkh3dTktZVBnZXY4YlhhUWhwSXdjVmZ0dDhYaVJpa00tM0l5VTlOQkRmRDJqUHVaYmlkdE5vYW1GeU9kMGJFaEd6MEVRSXk3VjdaRlkxZWJ6d0V2Zy11dDJBZ3FFdS1UMXgwRkVrSzl4bXlrQkRST1RYUHFKczBOQlpvcmVVRjNBNUpDdXZo |
Has anyone here competed in hackathons like the Big Data Bowl or Big Data Cup? Curious about what people think about these competitions and if they helped you find a job in sports. | r/sportsanalytics | post | r/sportsanalytics | 2025-01-24 | Z0FBQUFBQm9OZU1CR1gyYXJFTjdqVzdXS2dYdUZiMzVaZnRhVnMzdXAwQXpmYndWOVlTRmNlVUZZNk5wTC1oNTc5cVNWX2lkUXVDd0JoNDFaeWw0X0lValQzRHZhRGx1WGE0aF94VTBqa0JMMWZ3eVNORWhrbnM9 | Z0FBQUFBQm9OZU1JcDJ5UU1XQUtuRW5zcVE5ZzBhb0VWTllZWk9yMl9MNnNkbjhvR0NDeEdpemxEUGZacnNDZnBSU1lHcHhBekE0UmRidVAyWDQtRHd4azZNaWFKN2p1LUxieTlhUmdLdzljbi1Qa28tZ1VXQXR0MXBwZTBkc2pVOVc2M1BqZ3FUaFBRMHR3dlVnQ1pvbFYwR29JQWctU0sxX1NoQlpnTDFHX3dlUDFuQzJERThNPQ== |
I am a high school senior and have some experience in sports analytics and coding with python and R. I’m planning to major in data science and I’m worried that I don’t have enough experience in coding to do well. I was curious for anyone who works in sports analytics or as a data scientist about what level of experience in programming you had heading into college and how did college prepare you to work in the field. | r/sportsanalytics | post | r/sportsanalytics | 2025-01-25 | Z0FBQUFBQm9OZU1CbHNqcHhEbDd2Tl9vZlk5N29BVmYxRk5nQ3cxb21hSDRfWXkzb3Z2SE9US0pLU3hJdTIwY1hUWFFheEVXR1Jmb0JXbEFwY3didS1xaUY2OHA4Mk5UN2c9PQ== | Z0FBQUFBQm9OZU1JRmlnRFV5MXdrTmp0NllmZmRCV0wtUUxhcEdPaXFJSV81LVhtN1N4bUNUWnVBOG1jaVBBNWpiQnc1OTViY2I1Ums2ZnVIOHR1Y0RYMzhzWTdsN0piMnFlSFV3OWtuZFVDTDhjX0J6S2ZyTkhGclBBUnpoTjFzaGt1Q3hDOFpZX1R0dXZsSmRnNmV2QXp4QmxaWkRlS0FFbHJsem1pdE1MNEhZamNOLVlDZk8yZ1hzSmRKdU1hM1I0VFdocUlUV3h5 |
I am looking to pursue a career in sports analytics. Is this a good option? Please guide me and suggest classes for sports analytics. | r/sportsanalytics | post | r/sportsanalytics | 2025-01-25 | Z0FBQUFBQm9OZU1CTEcxSXJwYW5uUVJwQWtRM2VrVUhWS0VCeG1sVkJoYkZzWF9HZGdZRU5UTzczUWxoVjlCVTZxMjMxSGtXTzZJVU5qMGFpZWxQcUQ0c1d3akxXMXpjQkE9PQ== | Z0FBQUFBQm9OZU1JWmdzamhqVnlZWWFjUXB4d3hscUFMZHdHdTlCNkU3V1N2bGQzbmlWTkpIQlFEWmFoUnFGZUgtNkZ5aTdLUUlxRlhZNmRzclBrNGRQVGx1RU5lUzRVN3FMbG0td2p5cU1fZGJUck55eEsxNnNYel9TWmV4ZXBIcnd2TER3VmJMX0h6MXZVNXowb3NTa0NJWVBlUlRDRHRWdW1uUDVxMmI2QnlYX2tyekFsVHhnTEFiMUxiVWVFeFlzZlFiWHBNXzFaNDE2bXRVN1ZicDBWVDkwemdtMjFyUT09 |
[Alluvial Capital Q4 2024, +16.4% net for 2024](https://alluvialcapital.com/wp-content/uploads/2025/01/Alluvial-Capital-Management-Q4-2024-Letter-to-Partners.pdf) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-25 | Z0FBQUFBQm9OZU1CX2N5T2Z2b0JyUG9lZjFaeC1TVmcybFBxUFVfbXdYUWNyaGZheHhfVWowZGNOZDZfbi1sc3hCdXdnZFZRU2ctdHdPMlJKelNTWHBsZFRLVHZfU1JQaWR2S1VuU2xiZmxqU0lqLUpNYUhXeFk9 | Z0FBQUFBQm9OZU1JcFh6OGV3N1FsUFllZ0t0WmdjeTdyNktWZDNGUDdCc081X1JYWnNoMXVjd002cTNfQlE0NlhremMzR2xFYkNaUjVDRUMySDhSUkNIMFJXeFBWSHRmU0tZdFp0dmZIY0s3a3k1a1dDcXg0ODFqWldUOHVEMkV0bU54cWRBRGlSZm5Calp2WDV6TnByb01KeXFoWkdmMkVIWnB0MU90MUFYMU9XRkxfeTlMaGZPUnR6bzNHTnZKcTFFT2VkdXBEMi1n |
Hi!
I hope to find everyone ok!
In the last week several leagues in FBREF suffered a decreased on available stats. Now they only have "Basic" stats when prior to this had advanced stats, like the Primeira League (Portugal's league).
Someone know where I can find this data?
Now - https://fbref.com/en/comps/32/Primeira-Liga-Stats
Before - https://web.archive.org/web/20241220052021/https://fbref.com/en/comps/32/Primeira-Liga-Stats | r/sportsanalytics | post | r/sportsanalytics | 2025-01-25 | Z0FBQUFBQm9OZU1CY2UwX1BnUTlLeVZBa3BRcjVIWmZlMk1qYVpjZHFtWGNDN1dlSFVvUXZSNmdwZFBDaW5xWk1vR25zUlB5YVQyZDdQVExENC1nV181MEQ4Nll2NkduN0E9PQ== | Z0FBQUFBQm9OZU1JV3FtZEhoaG9EWmdFNGFaN0ZJMkdTeWs5NllGclpHbmQ0QzdHeDBDbmxlSUF5RTBycHFTQ2tTTTQ5WmozMzhkUzk4U0RCYnFJVkpPaWxiWlJpS2JWV3U3WW5YZ0RiTER4MVpucHZBdWQ4SDdhZzhjNVczYkhvRDJqbW9iV09vX0VGaWVWZEdzVnhkdmNubVVoUHhIVUJ1bVFaQXBxRkJGMHIyZlZfb0o3UzVoMC1EaUJrWXNZN0g1dlRXRlJYRERV |
Thanks for posting. Very interesting article. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-26 | Z0FBQUFBQm9OZU1CMWE2ZUI5NDhxbWQ4UWMxMWlGWjJqME5BSFJZeWxZeDZfTFZHaVZoU3hHUG1iWVB4MlVtNWI4VGFNNDJ6eEpkYXJJNzAySXM0ZmVEVy1VdVdyQ2R0N2c9PQ== | Z0FBQUFBQm9OZU1JR0pNdDlXRi1nV2I2SGFNeW1CZy1VWllOalVaa0psSElROWkteWRheFRnaTlQeHI5Z3Rmak82S2Y3aTFuQkp5Q0hqbHk2N3Z1U1kyaWVCdWlKYWFXcURHUDdOQ2RQTGFJOGZxb1FYcy1SSnJZVDJpd2R4QmdVSmwxLXY0TFE0OEhGazJzWTlxOHlBbWpZbHlnYkl4c3VUYmUwZ3JjUlhWSG1YMnlERHVKQU9tWkx3Q29hSkp4ZUZjcExYa0oxTVN4MWRyR0dQaC12bjhEcTRjWUNkWFQzUT09 |
Great find, thanks for this beren | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-26 | Z0FBQUFBQm9OZU1CYUxKcEY3WXZ3Nm51NU0wdk4ybUdydjhuSGxqd2JDY0hRdlBER0JiM3dnX3U5Y3VmUUNJUG9uNFFvRzZuNkVYei0yZTJUNDRkekZvN3MydXlaSXdHdmc9PQ== | Z0FBQUFBQm9OZU1JeEJpelZwS3pYcHNCMWQ4UFltdE55OExFX3BrdkpTakM4RWpRRFNDeWFESXNDVmJja2dsaDF4MFpMWGhnaWhRb1pzdHA0MW5EZVluUjdUcEE4bTN3RV80ZGZzVC05MGxKQ3RQODRnOXVqNHRtdG96cG92M0I1eDFWMmxzMGpUUGdwTjE2SG1tc0FXVE82bWZGNV8zQTA4MlhRZ0RfdGFtSTVZRC1UZmtsZHNvLTkwb1ZKZzhvMnNhMWdNWndUaEJW |
Nice!!! | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-26 | Z0FBQUFBQm9OZU1CTV9Wb2NucFk0WHIzbV9NcGxjekFNdzZnaU02dlRwRXQ0bjVNeS1yc2loZGhidHRHMFRNT1JXMnhvMU84QkR1RXBtbUdwTTA1X21hU0RINk8yblpqQ1E9PQ== | Z0FBQUFBQm9OZU1JRjlGSm10bldwdDZPblE2bTZDSlZHUWdGdkptMElkZkdUOS12VHQwQ2FOMWl4b0d1M1p5Zl9nb09Hb2dyejlmRW85dmtYSGlHMjh3U3hFakFmWjUtcVpicmpmc0hlVlZ3R1lvOXNPaG04cHRHajJRbWpnTGFiSWxibFJHQ2Q2MTdkelVMV04zeENkN1kyNzRTMThESE5zWmdzbVRxOEdYMVFqMFBVMW9wcW1vek12WldsaEZmODNUN0VGTVRPR3Zw |
This is great research, even utilizing satellites to check inventory levels.
I'd like to know why they chose to burn so much on stock buy backs while they're still in expansion to flagship stores in some states. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-26 | Z0FBQUFBQm9OZU1CZ0N2bEdVV2twMWc3emxjSUk2bU1aLUdmYWNwQ1J0aXhxWUJseDRxU1pTVFhxNE1YdlRDM1BQTzFRVGtqZTJ2SlJORGk1elI3UVM4Tnh4QXBxWkI1M0E9PQ== | Z0FBQUFBQm9OZU1JMkdkLVNWYnhibU9ubGRzbUNYbkZNMEh6VUJ2dERLaDJRZTVJRXhhU0lOZWxaWGlEZ0xYa3E3UlNMcG9EdGZ3OTFUTTRya1luLTFzYjBlZDB4M09WODFRRGVfNER1TmlZNGNkM1JvMnFkZ19xSDJKelZ1WktoX3NtaWxXcFpheWVqX3hxb29iYkp1aGNFMlo5UlY0YXNFeDBFYmtyWGxFakJUbFZBWFZuOTVkQnl4YzFNTWxUOG9zS1VWTTVFOC00eTlFUGZZQzNtb1haTVF4OFJtWldyUT09 |
Nope. Paying a company to try out your product doesn't counts, especially when that company doesn't proceeds with using it, like Archive.org. And having dozens fake sites "using" Filecoin is not cool. | r/filecoin | post | r/filecoin | 2025-01-26 | Z0FBQUFBQm9OZU1CdkU5U3BPSlVOcnUyR29fODRMMXRPdG01UEc5bVJwdm1XVzBfVW1UZjhhdUEzOEJNYXZCcUE0eWEyeWxIS0MySFMwcDFmVUlwWEo1SldwMnFtbjlmQkE9PQ== | Z0FBQUFBQm9OZU1JemljaFlxNThuZlVJWGFFelFyR3d5Z2lrb1c3LXdCdmRIQm50N0h1clRnYlBPTldFN2txV0VjZjYyOE9ud0NBMzA5Rm45N2FQOEgzcU8yQVFmd1NuM2N2UXZ0WGFsTzNNeWUxSEpBSzd4d3Bmb3Nfb3hRSnBoaG1ELU5YR3BJOVlmazZMQW5wRDVFaTRuZzJSZ19ucGh4RXNtSHNLUFctS2d1cUtMYjR3QmY3U0wyRU9KbkowdnpBMTdvUGctVENfanJidXlxclMtSzR0S0JmYVItLXh3QT09 |
Very informative, great article | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-27 | Z0FBQUFBQm9OZU1CYmNlVUhwMUpZVW1wYXZCZDZvamhCN0JSbnZEMEJ1YUN5YnNoRGNFTEE2cHJCay1UZ1Q2OWxzXzVOMVBCZnBTT2RiRno4ZUlfQXE0QnRGUWVCT0VVU1E9PQ== | Z0FBQUFBQm9OZU1JM21xc01UdG5lY09HUTk4ZlpQZ3hmaHRyVlpLSkVCVkJqakx4N2g1Q2JtZGFjR0xEMEF0dVdZMlhqSFBQdHlZT0VGXzhEbzBxd0lISVNyY19sX1c4VDNvSlg1dzdLbU1aTG1ISll5NnM0bGVLa2RzbHJDRk1naGJpSHpxTl9NdGt2bVhkN21pc0R1eVA1V3hDUjQ3c1BYMmptV1lGNmt0UTQyUV9EeVVUNU9nTzYzNjBmSlBheHhDMUdSNFEwLW1t |
Does anyone know if his memoir / autobiography is going to be available in English? I haven't had success finding it. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-27 | Z0FBQUFBQm9OZU1CTVIzVVRKbmE1MUZfNGo0MkY3WnVMZ2hnd0EwXzVidkdvZnhWb1pLZml2X3hGVGUwWF8wWVBMRGFOR1FhYV8tRFNVREUyWmRodGF4N3AzMHJHcWJPcFE9PQ== | Z0FBQUFBQm9OZU1JRFh6eHJ0TEhLNmIwSnF5VlQxZVNIQThSdmdFazI5MWJEazdaUHJnclB2R05PMjVRWFVVVE1EN0FFYW9NNEcyVUU5eUF6cXl0Y2xRYnYyTFlPUUQwRjZrWmQ5YjluOXhMWVhjb1hyUzJVZm0tOWJTeHJBMmVzeTVCVFVHMVZKSEVQN0ZVc2lHZVdkRjlhdDN4MkdPT2thQlJ1MkowMzNFZngxUFVDYXUzR054SHp0UU56SmJlYVBRQ2xpLTJaT0xJTXhsZGNIc2RhQ1pVbDJrcG9oM0pRdz09 |
test | r/ethfinance | comment | r/ethfinance | 2025-01-27 | Z0FBQUFBQm9OZU1CNUhiVm8xdVdWYmhVYXRBa013VzhhNVg4Q0kxSDF1VzJrM0JhR1liTW15UGxheXRHanhDT0dqWDRPSHNTQ1d0TnYyLUdfZjc3UVpUcERzRlREdjBrcWc9PQ== | Z0FBQUFBQm9OZU1JZC10YVVCaFJMSjljY2JwdmwtbUlBa2wtQlNXQXJveXlZblE1ZjI1YkhjRWcwUTg2ZWlaNDlNeHhMbm5qMktudVN0S0tsSUdWTlFPZjQyb2czUUpUUDNnWWlDd3BjckMxYjhRQkxOdmNldTRmdEhXQ3RrQjU1bHdBUHcwMHBYdGV6VTlJUXEyMzJfcHNjQVZwWU5vNjBab3ppbk1mbHkwZ2RaV1h1MWJaM1I0eWRwMXZRVy1pbmhGSzJBdTlEYkV0U2NFanBIZkIwY1hQUnRKa1gtQnl0QT09 |
[https://medium.com/@nciordas25/data-driven-tennis-how-height-serves-up-an-advantage-ead153378bea](https://medium.com/@nciordas25/data-driven-tennis-how-height-serves-up-an-advantage-ead153378bea)
All feedback is welcome, thanks! | r/sportsanalytics | post | r/sportsanalytics | 2025-01-28 | Z0FBQUFBQm9OZU1CRFBGdTh3TDdxT1BSS0pvVXZWVTZKUlN5OGNKQm5XV01zX3RIaDFsVUxKTll4UDNrTjdnXzh2SUtQNmRvakdJZHdzaHBweXpMaHEyb0ZvdlJCSkY1VVhUUE41Wm45aDVLMzUzRnNybEwwa009 | Z0FBQUFBQm9OZU1JaU11d0s2QTFGcWYxQkVyOFJZc0dvVG42Yl9uRXg4a3E2OG91NWVDU3ZTb0pWcmJMUkl4R3h1X2xUSXEtbFNVenJ1R3hzNFItMU5KbFNLYlZlTmZKT3JVaHhodWNmYURkT3BpeG5mNFM4NHY0RzU1c2VnUWUzOVQ3eXBOc21zVGxpZDEyWWxOQXlpQmk4Y1BVeDZna0V0bkpUZVZLaG9TTkU0YXJTZXJKYW81Y1I1QWdOUW1NNW53SVlmU3FJSEd5THlFaW1KNkxXV3RwYmZRekR4Vmd5QT09 |
Hi | r/ethfinance | comment | r/ethfinance | 2025-01-28 | Z0FBQUFBQm9OZU1CSDVZVnZhYnNsX1Y5Rjc0a05Nam9McTB3WEdUUnpvVzFPV0Z2RklfWFFrODgwM1k5eEFwOEwtejFac2FLV1NKNENnQW1uWGhISjlwVHFPQXozSGFObE1fSHloeFVDUGZRV29ad3Npdzl5am89 | Z0FBQUFBQm9OZU1JelBhNWloeEN6TUs4TmNhWnlPR1VPQVduZWZJNjdNdXFqWXB6dEd4RllsNEpEcFZMMVppWHpqaS1LbHBrakszZEdHNlhVNF9aLWhYazY2OHJJTkRHOGRVSDM3SnhMdjdyQ21mc1J5YTBuRmR0TWJ4ZjhpTU9HaGhCUzNRSlo4eDJlREU5NkNLYzNsY1hXd2JFc241aXJiVEM5Z2YxLTVZNDFucVN5NGx0MFN2QnJTWWotejZrUVNBd0NBSVZyU0gxUlo5T3JlQ3ZxMGFLVDBhMHFpYkxOQT09 |
Thanks for sharing! I’m the author of the article. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-28 | Z0FBQUFBQm9OZU1CeVBSNkFYVkotdDlwSkdlRTVHZkRFUEFDVDVaX1k3SklrUE12R29VaWtNTURUeFo5VE9qODFYVnVmcjBrcFlBV1VrTnVtX3lfX0x0OWYyYmZ3Mklhb2c9PQ== | Z0FBQUFBQm9OZU1JREFRYjViRW9KajQzekMyRWtNSzZoVXBxZkNjX0JERkpnaG9aSW1tWDlaamNvUVJpM2xOVUEwYmdiTnFCdEJxbzhCNlJhYjhJSktySlZFVnhXTUF2NWt6VW9NQ1o2UzNTcG1hS1BGTG4zWGU3SVRsRm9WR0dnYXRYVDdGS0gtTDh2T0Fnd1JNN1UtVEYzY3JOaWQyYXhJeWxTWV95MGE5bE1RTzU5WVZqUjZUMFhWTFlhQkJvdUFZZVFDYmpZNDBU |
[Tsai Capital](https://tsaicapital.com/files/Tsai-Capital-Annual-Investor-Letter-2024.pdf) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-28 | Z0FBQUFBQm9OZU1CSHRRVFRxcE1XeXV5TFM3cnVrZ0JLU1ROVi13dnJBV0RqZFJDMWRLa202Y20zRy1RUE5HVXYtWDF1VlhZWFNtVWhtN01wMmFvSU0xMEtCQlNSbWFyNFE9PQ== | Z0FBQUFBQm9OZU1JeDdBa0FDNzhfYXc1V0tIN2hpaWxlYWxUaENRSmM0WW5xeEpaWkthOEE5NDBXY09waUJybVpXNW5oS3o4ZndSQXIwbi1aY0REajBMRVhET0hPOUIzQ2RoUWhoQ0RZMGxidWRkdDRwcDNxLTFMUmhmMkFqWkoxUGhRODhWR1BLbm1fYzAweFJqYjNNb1RpWUtKYXE5TlJxeC1QX3pyaTFhUm5FU24yOVRKUHRDRGJtQmh1Q0E4aElmNmdiam5uR2ZV |
Interesting data on first home games in NHL - home teams are 191-109-29 after a road trip. Makes sense why we see wild swings in betting markets after road trips. Interesting to see how this plays out as we get into late April.
https://sports.yahoo.com/analysis-nhl-teams-vulnerable-first-155720010.html? | r/sportsanalytics | post | r/sportsanalytics | 2025-01-28 | Z0FBQUFBQm9OZU1CSUxzNDd6VnM0c0ZsTnVEQW91VVZzOXFoYWNYd2xGdy1zN1dlcV9wUjNWandVU003RkJSVHU0VGxHVFRWNXJ2bEV1MVVPYzM0bHRNMldhcTZZWV9qQndhajc2eDMtX2ZXTzc2MUtQazBrVmM9 | Z0FBQUFBQm9OZU1JWk40X2RRY2FSVzVpUEcwY3dSWFd1b1FhMFVud25JV3BIcGlLUnd3RVJHQ3JHc3I0VGdacVY3NlB5aW9USExRYlgwZzdPY3lkSTRBUDJsX2wya2p6OUE4MVRmUlp1RE9OdGJvSUFUY1JlbS1xQXhZRXFMMHpmX0FnTnpidVhGX2FHV3V1NXVraXp6cXRTbkRhSFVjdGxiRWVzLWo4dkVyaHd6UFRITXhBWVVjYjVPMFNzSkstQl8ybWxnUDFTQ0JjVU0ycnNodlBkNlBLbXEtMzNOem1mUT09 |
Does anyone know how to import retro sheets into R studio? I’m trying to come up with a new stat that measures a hitters ability to hit to the situation and am having trouble importing the files | r/sportsanalytics | post | r/sportsanalytics | 2025-01-29 | Z0FBQUFBQm9OZU1CMmJIMGlVRUdDekV5OHBxMUN6SXVfaS1VUGlOOElPR083TGgwTmxKSEZTcWFNR29iNENNNmdxOTVHbzRKN0ZsQThSZFkwbl9uMGNvb1FKVjFsU3RLSThYR3FHUmFDeFFydEc1WHE1Q1l3bG89 | Z0FBQUFBQm9OZU1JV2VneENoWEw5aVBRQ3g3MGFNX3pzRVNLVDFtbFZQQWs0amhJX2ZMN1oyZnlJNVpzdnotM3BFNXBSNkJEOFI1S2UxZGUzM045bUlSSUV4cXF4ODQ5Rmlhb3NpNXNybm1wMWVBb1Q1Yk5Gb3ZIRHJQeEFKWFg3dTdsWE5ONW1mOGxEMG1TdkZCeWR5UjZ3U2VNRmh3OTIzY3h0TWNzOEFYM3k2OUU4ZmhxSGNVc3N5akZPWlgyZHFWZmgzS21JYlFE |
Interesting article. I'd say a few things:
1. Servers really do last 5+ years on their own. It's been that way for as long as cloud has been around. Yes teh software has put less stress on it, yes the manufacturers have been better to build more resistent servers that can tolerate things like temperature swings better (ASHRAE TC 9.9 is basically irrelevant now), and yes data center designs at scale have gotten much better to minimize stress on the hardware. But in a cloud enviornment customers
2. To be clear, buildings are depreciated over 39 years not 25-30 years. It's the individual components of a building (generator, chilelrs, etc) that would be depreciated on a faster timeline. You'd see this after a cost segregation study if you acquire a piece of property.
3. GPU service life is NOT 1-3 years. Go on [AWS right now](https://aws.amazon.com/ec2/instance-types/) and you can buy a P4 instance, which is comprised partly of the NVidia A100 chip. That was generally available by AWS in [Nov 2020](https://aws.amazon.com/blogs/aws/new-gpu-equipped-ec2-p4-instances-for-machine-learning-hpc/) and was probably deployed over the next 3 years. It's early 2025 which is already 3 years, they have not said they will stop selling what they have in stock, and they don't just kick people off the instance for years. Yes the technology is old at this point if you need the latest and greatest training chip but plenty of customers will continue using it.
Now this doesn't really match with the quotes in the article but this is from personal experience. The large cloud firms have very specific models and production runs that they buy from Nvidia. They don't buy the same GPUs that we can find in the store. It's enterprise grade and designed for each cloud with lifecycle analysis to remove failure. If you dig into the Meta quote of 9% failure rate in 3 years, you can see that 70% of those failures were from things [outside of the GPU itself](https://www.tomshardware.com/tech-industry/artificial-intelligence/faulty-nvidia-h100-gpus-and-hbm3-memory-caused-half-of-the-failures-during-llama-3-training-one-failure-every-three-hours-for-metas-16384-gpu-training-cluster). So you would not depreciate the GPUs in 3 years regardless because they are still used
4. I do think he's on to something though | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-29 | Z0FBQUFBQm9OZU1CMXN6dmVqaTNlcDhQM3A5WUNnYWVBZmxXWWpDb0FYMXRqOWxKaG9fUVNTS0N0VGlIS3pXVUt3MGN1aDRNSS1GT0hLTW1pa0NRMDN1c2FLeXRJQVRoU0E9PQ== | Z0FBQUFBQm9OZU1JU0JtWkkzVjN2Mm5nUzVyVVJNRnZWSThIZ3o3TTV4MEhMbnZMYVdPZnlLY3k3SWFRN3ZTTWd5TDFwYmdhUG1Uc0swbHhKMXJLcWVHNUlPRlpUXzduamJ2S1hfbFVtSGhsQVMxdVB5YWZfN1NKUW94QnlKZHhWMlpUbWY0S0xoeVI1cFBTOW0wVlJkY0NEMDg1cXdVY1FRanR4aUo0N3k2Nm5UZlE2emFwakpRaWd2QW91Z2dCd2xjaGl2b3d3MWpMaEM0aHlSRTF1eWVlU2k0anpKTHhGUT09 |
Hi all.
I create my post shots xg model using free avents data release from statsbomb.
But i have a dubt on shot speed features.
I calculated it as shot distance divide by duration event value for every shots.
The probelm is i obtained too fast shot speed, never recorded some shots with it speed in professional football.
Have anyone calculated shot speed using statsbomb data and have some adavice to give me?
Thanks in advance | r/sportsanalytics | post | r/sportsanalytics | 2025-01-29 | Z0FBQUFBQm9OZU1COXFSRHYxTl9rTnIzTlBLamo4Zktnc2xnWllUUWNiRDUxanktbkZ3VHM4cFc5QTBWX0VzLUtPWGxfZWV4R21iRVNvdTlYcUpjVmYtLUpxcXBQZER5ckE9PQ== | Z0FBQUFBQm9OZU1JT2VkU1lqM3o0SWRLOG5KMXY4eldJNnNDWkQ0SjNfTzBpMWQwV0VUM3VPSThSdXU2UjM5bkRkWV9FT3dNS0ZPSnNobzhvVUo5Q2Z5MFo0UFY5N0Z2aUFaR0VnRG5BZVRqNnlDUzJ0eFEtZ2VlMElENENvck84MkREQUhRVzljd0F2VkdhaWdpb0VnOFpfaG5MZkt3ekdweG1jWEgycnZMek9oUHRYc29TRnhaWTQycmtBRVVyc21CNVhXODJ4UW13T1pLRlpITHlIbW44eDdXcnVESWJ3UT09 |
Loool the guy has underperformed over 1/5/7/10 years despite buying Tesla at $40. Only outperformed by 50bps over 25 years despite seemingly entire portfolio in growth stocks. Spends the whole letter quoting Proust and namedropping famous people, to try reflect external validation on himself. And has an 'advisory committee' to manage $100m. Middlebury college. Strong grifter/nepo baby/Pabrai/Spier/Combs energy | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-29 | Z0FBQUFBQm9OZU1CUXFEbWc4Zk5icTdjYjBaS3NmVER1Y0pwRDNtWldkWFNNSENjWDRsZ1YzdW5heFBfMGplMlVLQVpXSF91bzZoOTExN01aelZkaG1NV1hiU19nMW1faXExLTVFSHBxRWEyMW1uaGRXcG1lSXc9 | Z0FBQUFBQm9OZU1JRU4wUXZGdVdyWDVLeHhmZHN5MW5OcFU3bzhDNkdsUmVPN2Y5OXAwU2o5RjJOU3ZzMk9VdE9mZHE0OGU0TGdvc1N6bXR2dW9vcnFYUmRiSTNkWXFvaEhZQUxQVDFQd2tCYVlGZGt3ZGFVVFZ5NjFTVnBvSWtmR2pnaU9fN0xFM1EwWDdYODBXWVJxT0JrSzZ5bGpVMHRSV1VLTF9FZWJ5MFJSZlVvV3J1MXNCeWY1cUhwcVo2Z0VCeGxza2tHMFkt |
About half a year ago, I posted some thoughts on alternative career paths with limited feedback: [https://www.reddit.com/r/SecurityAnalysis/comments/1evjra1/alternative\_career\_paths\_for\_equity\_analysts/](https://www.reddit.com/r/SecurityAnalysis/comments/1evjra1/alternative_career_paths_for_equity_analysts/)
Today, I want to discuss some of my reflections on the career path for research analysts. For background reading, you might view this on Bloomberg, sorry that it's behind a paywall: [https://www.bloomberg.com/news/features/2025-01-08/wall-street-analyst-pay-drops-30-as-banks-slash-equity-research?sref=ClWOCq5H](https://www.bloomberg.com/news/features/2025-01-08/wall-street-analyst-pay-drops-30-as-banks-slash-equity-research?sref=ClWOCq5H)
These thoughts are really intended for myself, 15 years earlier. I don't think I would have changed anything though because the work is deeply satisfying on an intellectual level. The ability to learn effectively "how the world works" is unparalleled. Alice Schroeder (who wrote "The Snowball") once explained how Warren took her to the Nebraska Furniture Mart and would walk through the store with her explaining all the pricing dynamics and nuances of what was on sale and so on with a real passion/excitement. With time, an analyst can be that excited as they learn about things around us that many of us take for granted, but the insights come with a lot of time and experience. I'm not giving my own examples for privacy, but one doesn't have to look too far :)
That said, I would remind my 15 year younger self of the challenges. There are a few challenges that people should be aware of:
1. The industry continues to decline in headcount due to passive flows. This is a really big deal in my opinion because it sets you up to be in a bad environment with a long-lasting toxicity as people are grappling to hang onto their jobs and careers, especially those who are 30 years in and don't want to change careers in their 50s or 60s. It also means that if your employer closes up shop or cuts headcount, you have added career risk finding a new role. No one has a solution either, just listen to Munger on the topic: [https://www.youtube.com/watch?v=cZmi92vyUvw](https://www.youtube.com/watch?v=cZmi92vyUvw)
2. This toxic behavior also pushes positioning towards closet indexing. It's not the "purist" view you'd get after you read Security Analysis, Margin of Safety, and the countless other real business-like books. The closet indexing is a necessity, but detracts from "real" investment decision making and would weigh on any passionate analyst.
3. As a consequence of 1 and 2, time horizons become shortened. It's very easy/routine to replace actively managed funds with a passive product, so fund managers can't underperform for too long and still have a job. In this way, it's better to closet index, and instead of focusing on the long-term of a business, just keep it to the next 1 quarter to 2 years and call it a day. If you look beyond that time horizon, consider it more on the fringe of your research. This is disappointing for those of us with a deeper curiosity or interested in real fundamental valuation as opposed to short term pops/declines. Secondarily for this topic, think about how a portfolio manager should have behaved in the run up to 1929. Looking back, you'd have looked like a genius if you were more in cash because you felt equities were overpriced or that banking was unsound (or that corporate disclosures were so bad some published their "10K" on a 3x5 notecard. But if you underperformed a passive benchmark for the years leading up, in today's environment, you'd have been given the boot before that came to fruition. To be rational can be very different than what a client wants, which is performance.
This leads to a key point: Many investors select their exposures for what they need based on various processes like SAA, their time horizon (ALM), etc. In this method, they're focused much less on the price and more just on the "right" product. In this context, they compare each fund to a passive alternative and don't allow for that much independent thinking across asset classes, geographies, or whatever creativity you may have. If you're running a small cap US fund, you have to stay in that space even if you think it's overvalued, you can't find ideas, or whatever you may think. This is rather different than what Peter Lynch and Peter Cundill espoused (see their books for examples of how they use convertible bonds or foreign govt bonds in their equity portfolios).
I wonder if we will ever see funds emerge with a "business like" mentality that don't care as much about benchmarks, but focus on just finding decent opportunities wherever they may emerge. This doesn't fit the process for most today unfortunately. I think it would be a hard sales pitch for most.
One of the final conclusions I came to is why Buffett is right yet again. By setting up Berkshire the way he did, and creating the right culture, he and the firm are most likely to manage all these various cycles. With his insistence, for example, on underwriting insurance policies that at least break even on their own (100% combined ratio or lower), you are not required to make investments that could later cause trouble - by keeping the insurance book profitable on its own, you can be patient and business-like with your approach to investing. Most firms cannot do this because everything revolves around predictable or at least growing revenue over time - he is such an outlier. The same goes for being able to hold cash or take advantage of market dislocations such as when high-yield bonds blew up in the late 90s or early 00s. You can't do that easily as a fund manager if you're not in that specific space when it happens.
I wish I had a more positive message for my past self or future analysts. This is a challenging field, but if someone can prove me wrong, please do so. I do not believe cycles are gone, and I believe in the next decades, there will be times where it rains gold to use Buffett's words. An independent analyst should be able to take advantage of those and find some great deals, but I wish I knew how people could more soundly make it a career without short term time horizons, closet indexing, and so on. | r/securityanalysis | post | r/SecurityAnalysis | 2025-01-29 | Z0FBQUFBQm9OZU1CYktCWmJ5YXVoUzhXUTI4Y3JkdE5uNHlSTTJHLVFfaHMtMkNQbm01WEJlMExRZHlyYjNBSDNqZVBpdU1uNnN3NnhqSTB2TmVNZm5yaFNCWXRWc2tvM3VhNWZqaXFtU2JHMUtEZXFUZ0l6UlU9 | Z0FBQUFBQm9OZU1JTk1PZTgwU1pyT2dNNkZwQXJuTVl5WW52NkphNUh0Z2pRSy03dFozaWRTVHJHZWtKQVEyV0hnbUR2amxzMG5BdmlrMWp5S21oczYwVFh2WTAwby1udHFaaF9oeG1lVHlISXpjLTk3QVpJN0tzWWFNX2N2VFVmZWc5b1VsU1BLbEZUbXd2NjU1Nm15VnB1SFRJa09ZNHlMMUhZTWZOUG1vMzFzQ3dnNEF6RFRsVDJuRzUwUmJXN0V5c2tua1hkVVZVVTFQX3dOTEhpOEhPdGRuLU5pZ0FzUT09 |
At $4-something per coin, Filecoin has lost more than 99% of it's all time high. Will it ever bounce back? I think not. What's going on here? Looks like Filecoin is a kind of ponzi scheme. These should be **big red flags** for anyone considering investing in Filecoin:
* You can't use Filecoin in the real world. They'll tell you that to store data on IPFS you need a lot of it, and you need to invest in Filecoin. Any rewards you reap will trickle down from that initial investment - classical **Ponzi scheme**. Compare with Amazon, Google and others for ease of storage.
* There are no real world case scenarios of Filecoin being used by any company or organization: giving [Archive.org](http://Archive.org) 50,000 Filecoins credits to try it out, doesn't mean it's being used outside of the trial period.
* The Filecoin companies in China ran a **pyramid scam scheme**, and founders were actually imprisoned.
* Filecoin development APIs do not work and haven't been updated in years on GitHub.
* Filecoin Foundation advertises a lot of similar-looking websites, touting them as if they are doing something Filecoin-related that moves things forward. They all appear to be **fake storefronts**.
* The idea behind Filecoin is nothing that hasn't been done already: take P2P sharing and Torrents. Same candy. Just that these actually work, unlike Filecoin.
Filecoin has failed. | r/filecoin | post | r/filecoin | 2025-01-29 | Z0FBQUFBQm9OZU1CMWtoTE01SUcwYVBVMndCSWl4dE5wcERpbjNfSjM0WlpfeDNwdFhMZWVXbHVnSG1qNnhkb3g1TmJBVTNvdEVibjMtem52TmFGTDVvcXNQNEtfT1E5X3c9PQ== | Z0FBQUFBQm9OZU1JdG1LMWcySm4wOGNpcmtPY21jbVF1NC1ZSnBxVTZBTUMyQ2FKM2JST05xcmxnXzJKalEwR3JWWU9NZ2h3TkVUTWZuUmJSUE9wZ2MwSHdfVWFhQkxOdXBNeW9IM0dlUkpXd25mcjAtWGZ1SFRRcTI2d2hoY2I4ZXhGMW9iMl94ZVc2TXduMGwyT3R4QnhLdFRqS2EzUVBnNmhJdEN6NlZpeDd4WVVhMTJTZjlSLXhYOFMxZnBId01xU0NZc2NwcmdOM2p1dWRoRGEzZ1hOeWJndkpkZ3lwQT09 |
Data redundancy:
By having multiple copies spread across the network, Filecoin mitigates the risk of data loss if one provider experiences issues.
It's written the client chosen how many copies he wishes to create. But what is the standard minimum ?
I'm asking this because 25 EiB of available storage might get filled by 10EiB of client data.
Also does filecoin break client data into several encrypted pieces & spreads it across different storage providers ?
Then it creates multiple copies & again spreads it.
Thanks for answering 🙂 | r/filecoin | post | r/filecoin | 2025-01-29 | Z0FBQUFBQm9OZU1CTnlRekNpMGozSEJVMklrTE9fanZPbUVuTDJZX3lWeEpaZ0k2WlB5UjVIeGU4SThoNGNUM2FqYlJqQTJCM2pYdGd4aEM0UzIxeFZOZElMWkRpbjlJcXc9PQ== | Z0FBQUFBQm9OZU1Ja2RIQmNXWHpyWmN2cVZScFRtUkJNZjJQMjNLTU1RUWVBc3VVNFZkVmwwYlZtUi1LYmJ5Z0xNMDBvSy1TX0EwRFI3RFBCM2NUc0tWMHlKTFFoQ2ZmNVFuS3g4TmNXOFlTR3dDbVdEeXQyZHlWT1FaR2tmc2VDZkNBOVpHRGVYeXdfN3hmV3ZQWWZON3k0Q1JEYUZVeTlHaG85RURkbWhzYVdYRV9vdFBTRUhOaFpBSU9ZZUdUbnF3WjJUMGtuV1FPMzB1V1VSYWk3bklUWnRzWWY5UTlfUT09 |
Thanks for taking the time to write this. I’m curious for your take on the explosion of low quality ‘analysis’ on the internet and how it affects professional equity analysts.
In my experience, I never seem to find amateur analysts that have the kind of depth of experience/knowledge in an industry that the professional analysts do.
On the other hand, I have seen some professional analysts striking out on their own with independent newsletters that are very high quality. I would never have had access to this kind of research/knowledge if it remained an institutional product.
When I do my own research I depend on the questions that analysts ask and their takes on nuanced issues with the company, and I use “fireside chats” and investor presentations to get a feel for an industry. Would be a shame if this kind of deep company/industry research gets phased out. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-29 | Z0FBQUFBQm9OZU1CU1o2V1JSU2t4eUZyRVo4X0JLSmJuakh6WWpac0s2a1NDV25TRGRwZzFjX3NFanJIQkpvdGVaRXdMS3Q5ak4tendsZnFPRHFqZnFkVC10R0k5dTR1eUFGb24tY25kTFZpMlZHbUloU3p4bms9 | Z0FBQUFBQm9OZU1JVW9CQ3F4ZlpyTmJ4WDFqZnBvclVJTHk5VndReXpYNFd6Z19EMURWR0lqTmxBYk1LM3dVaXZRT2ZPZFROQzdTS2NuMU50UXhPc2sxYVVjbTE2UlVJRnc2US0tVy14QmgtVmZ5VFYyQTRNcXVNcmIzYm56YnR6MEY5d0dkeGc4UnBxRzlhUUR5bVgxZGpUc29RMEVWNXVkUnlUTVgwcEJzeW4zeEhfSkhOSFZjYmFYNGdZcEM1THQ1aWJlNkQyaW56cWJ3N3NZdGxwa1plM3pIX1lMZmJ2Vmk0S21sdXhxZUhDSGRNOE4yT0ZKND0= |
Came to comment something similar. If there is too much career risk for these analysts they will become less inventive, more cautious and rigid with their ratings and questions. I think this goes hand in hand with the rise of passive and increasing inefficiency we see with these ETFs. I suspect (but also hope) this is cyclical and there will be a point where demand for equity research returns if these passive funds aren't able to consistently put up the 20%+ returns that seems expected by investors these days. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-29 | Z0FBQUFBQm9OZU1CRHlvdXI3WTIxSDFKRUFCUkMyYXRJUzFCNHJHank4Q25SV1pVdm5ZYkNTV3ROTldwR2NaZG84WUpKY1ZWS0V6RlhDVW1RVkJCOXQwczVPTUEzaF9udWc9PQ== | Z0FBQUFBQm9OZU1JM1REbngwNlJweVJqUzA2ZlI3N1YtTmFVdTVYRDFNcTdLOUVrUjVqYUV0aVcxQVlEazY4TXBuRWd4Mzd3S0E5YkxYRVhvblVDcjZ1cy12OU1EOEdXZHk2NHFpLUFiNDdLNGtDMEs0VmFQZXpaU3FvakxyRk9IWGlyaU0wbHlHZ3RaVHFOQlNXVGRWY3J5QlhURE5WeW1fX2l3WTE1eGxLQmhtNGxKU1A5MFVWaEhIcWxyb2pST3dpTkJXeEFQb0MxaGZ0T0RDOTh3TGVYWGxQM3MxUjgwWjEwRzlNcjRwX2NHeW9CQ3ByS0I0WT0= |
Summers Value Fund LP
YE24 Letter:
[https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:6e2b5403-7fec-4abe-ad90-901110241bc2](https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:6e2b5403-7fec-4abe-ad90-901110241bc2) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-29 | Z0FBQUFBQm9OZU1CbWI0bVFQSE1GWDNUNGtDN1pJUDljV0RNbEY5d3ZORERhMjg4NG50VGlNR1BvTkZzSmRNTkZpVjNPQlBIMmE3TWhIMUF1YzNoaTZGMHZvcHRaQkJpOXc9PQ== | Z0FBQUFBQm9OZU1JX1R5ejlhY2NQdzkwU0VjTWhpWFRXT1NVSnBwTktDcWZMUHJCTkxXam1iUnVxOUF0aWpxWTdMY3NFb042enhoMURiY3pSUHpwNzh0QXgtenRCRkQ1ZFVGeDRtWnRkM2FzN3JnS1ZmNXVhSjdFN1poNS1qczRZMlRvX0dYOXJWRGlXOUM2OXFYQ1c5LVgxR0VoaU1KSks3QjFLM3dzYjMzYTdWNzhTOEdzX0p2S3JLb3VYWWNxdVpYMGJkME9pek0y |
You're welcome and thanks for the compliment. I'll give you a few perspectives on the question of how low quality internet research could affect professional analysts:
1. Sell-side analysts? Probably no impact to their careers in a direct manner. Directly, their salaries aren't usually justified on research/trading alone, but rather the other side of the house (banking), so they will continue. (There is a book called House of Morgan that discusses this in more detail) At most firms, one should basically assume if there's sell-side coverage, then it's because the bank wants to win investment banking or other fees (maybe they're a lender, etc.). In my talks with banks, they view the relationship "holistically" when they evaluate which clients to keep and imply that keeping sell-side coverage is just a part of the total package. Indirectly, maybe it's a positive if the low quality internet analysis drives up asset prices and that leads to more issuance, which is good for bankers. Obviously, high prices due to low quality research would have to be ephemeral in the long run...
2. Buy-side analysts? I rarely used independent analyst opinions, but wish I had done more of it. Occasionally, a former investment banker would start a substack, and they would very succinctly describe the situation a company or industry was in whereas it might have taken me a few paragraphs vs their few sentences. I think there's a lot of potential there, but I don't know if it affects buy-side analysts by headcount at this point. What I was increasing use of more recently were chatbots like chatGPT, Claude, etc. because they sped up the initial research process. There were occasionally some deeper questions that even they couldn't get me an answer to (maybe I need to do better at prompting them!) and sell-side analysts themselves don't have answers on.
I personally agree that former professional analysts striking out on their own offer a compelling product and use case. I've paid for some of these in the past myself, but wish I knew of more of them and I'd subscribe. I'm guessing there's a balancing act for them between price and subscribers. Too small of a niche might be tough to support. If you ever see a list of what is available in this realm, please let me know! There was one that I subscribed to before anyone else because I wanted to toss them money during their first trial launch, and they've gone on to start a firm since then - I'm somewhat proud of that. It's probably been 10-15 years since then.
I hope I answered the question you asked properly. Please let me know if not. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-30 | Z0FBQUFBQm9OZU1CM0JOeGRXaHliWXBvN1lXTTI3V0x3SWh5U0RVbG1ubGhiclVLU1ZaWEE2R2lhMHF0OHdKWGVwOUowU2drU29sUXlURGZxUTA4cG1lNHRUX3hRWXpXeThaaEpxd1pUTWRUUFBuRC1GazUxSmc9 | Z0FBQUFBQm9OZU1JVW5vd25ELTVCaFg5WDdEaEtYeS1IRFZGQnFZN3NmV2d2NlRUczhqZjRQWHhIN2pLMjNHVDFWT2syYmRoZXNobnZMNTdhNUJhX1pBZVRqbHI1bGMweWZlYzExZnBXdVI1TGs5WmJuY1Q4YVFHOHJ0Mlg1ZkY2bEF2OUN4T21VNVBwUFRHZlFhUTU3MDBKQWFOSGpNWGU4bkY0UE9lNTRadlhOckNjc1RMZWF5N1RVeExEOVhOaU9qTFkyZmV1R2ZyaERaZk1mckhhX0t5ekRFRkNoZnpVZVFQaWNFanlOeXUwUW5TZ1VZT2FoOD0= |
Yep. From the perspective of a sell-side analyst, they are far less likely to be knocked for being too optimistic (short of Enron scandals, they won't knock you for a buy rating on a stock that is flat for example). The bank makes money on deals and they prefer buy rating so the corporation is more likely to use them for various transactions.
It's interesting you bring up the impact of passive and ETFs. I think many companies have a direct, and thus far successful, strategy of getting into indexes because it lifts their valuation. If the markets were efficient, why would it matter if they're in an index or not? I think it's just that passive flows are so large and meaningfully tilted to various indexes/ETFs that they get a lower cost of capital or higher valuation without much other reasoning.
This type of strategy doesn't require much of anything from the analyst. If you're the CEO or CFO of a company, you simply work on whatever is needed to get into a US index. Maybe you change your HQ to a US address, maybe you merge with a US company to increase your market cap and HQ in one go, there's a whole list of things you can do to achieve this outcome, but it's obviously further and further from real fundamental research driving returns and rather just about appearances (Buffett might say putting lipstick on a pig). | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-30 | Z0FBQUFBQm9OZU1CUjlWUV9SV2tJUGRPSjBRQWNKN2tQaUlHV3BodTBkbzJ3WUdWaHVabjE1VWZySVFwdUNCcWE2RTQ3ZHdVcXl4ZUEtSkZCQllOUUNwUUpfMFBucUNFLUZWYnh3N2FDWFE4dUNjcC1XYU9NUjQ9 | Z0FBQUFBQm9OZU1JbXhmR1NBSUxMRlhMdXZkOTlzLXEzRTFaNUpVVnFyZUFiUkQxUnVkT3ltNGRNYjJaVFE2dllGcURSWUNQLUdJeU1qamxrcHM3bzhGcUtSVDJGb0FQVjgxZUV6WVBwVkYyM1R5ZWktMHlhUjFJLVdZOHMxTXBvQVdOZnhIeU1NcmJ2NnpHZWZyWkhmTVNqQlJkSkF6NUxRbnJvQ1R2akFEVTdYNjRfUTlUNzBoQm5yN3N3QU8ydTltVVR1ams4T3pfNE5zazdSdVVqNl83dGVFcnBGSFQ0WjVpaXRjLWt0YnJWaTNlQUVWZ3dlYz0= |
I agree with you. Although to your question "if the markets were efficient, why would it matter if they're in an index or not". It depends how granular you're being about the definition of efficiency and i'm not sure if i'm fully understanding where you're coming from but from what i've been able to see it's amazed me how much flows are impacting price and 'fundamentals' particularly for the no mans land stocks in index's within the S&P500 that people don't know they're buying.
This links back to the original comment where i think this is a vicious cycle, more valuation impacted by index inclusion / exclusion & flows the less impact and more career risk / cautious an equity research analyst (particularly for a bank) has to be, afraid to miss rate a stock, back to flows etc etc.
Where i do have some hope is i hope to see a 'lost decade' where the S&P500 is flat and active has some time in the sun. I am ranting at this point and pretty sure i'm echoing exactly what you said aha apologies. Will be interesting to see how it all plays out over the next five years. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-30 | Z0FBQUFBQm9OZU1CTlY2b3QzNmlEUUtkZlJZRk5kbnFlTTBfMVFmWG5lOE4zVm9CVHp3T3pnNGhxdEJpa2JRX2huMm5wb3hvSXdraGFld2dkVEdoVUp3UTRDSENEcXJPU1E9PQ== | Z0FBQUFBQm9OZU1JaDBWaVY3VnMxWTEtZkNTUVR1UFA4eU1Ga0g2SUdZMWxVQXk1ZVNCWko4RXY5aXlTQmNmOUZ5eXh4WHpqQk9zV2VHUGJkaXp3dTdMWEtEdUwyal92STZoMl9tOEtjS2YwUGNkZGI4c3JnR0Y4NFZjcTRYWkQyTTFwRC1YbWI2LTQ1c19mZHZEbENJalFxMVE1amN2dUh5Ui0wTE9TQzMyZ04tMWZ3LXlfT1ZwSldLcW42akw2ekV6d0kzVGtqT0Yybk9QcjVOaGpBRHZwR3djcTZ4N0JDRHBNbzFDRkJQTlpwUmNIYVRfYWxuMD0= |
Hi, I'm trying to utilize the KenPom functions in the cbbdata library in R.
When trying to connect my account using cbbdata::cbd\_kenpom\_authorization(password=pw), I keep on getting the error
"Invalid email or password. cbbdata email MUST match KenPom email!".
Has anyone run into this issue before? I am confident that the cbbdata email matches my KenPom email, and that the password I am using is correct.
Thanks! | r/sportsanalytics | post | r/sportsanalytics | 2025-01-31 | Z0FBQUFBQm9OZU1CVGFYa2JTY1ZlQzM5ZDFHbklSNnM4Yi1vMHhpNk13UmE1dFVIQW0xSG9jRDZ3WEpTYVBYbEFBUm0yTHYxN2hFenFHczN3Ul9ZTzB6Nnh3NWZnOW8tdHc9PQ== | Z0FBQUFBQm9OZU1JRVROSlBUTnFPUURJRE93elJhNWwyMzAyeWp3cUVNVjZFeWd5YzE0TWNTQkR2Y1BJZFFPWE1vSzJ4Z0RoSDc3c1F1VFJ3YUlmMm85bGRjSVdieE1jM0JJaV9RUmh6dGc2VkNrM2VPMGtzWmgyVm9DUnowNlRxbkVHUVp3ejVUM19ZLTk0RTBjdWpBYWlVQXJLVU1Zd3dsdHRwOWxyZjJJX1lqMnNlNmpzeS1vS3lydDBGOTl0a2xxb3BjSmhVUDAxaGpocTZnSVlMZkwtcHFhc0VkOGk5Zz09 |
For the full article/analysis, visit my substack: [https://databetweenthelines.substack.com/p/identifying-triple-threat-forwards](https://databetweenthelines.substack.com/p/identifying-triple-threat-forwards) !
Inspired by Ian Graham's definition of the Triple Threat Forward: those that add value to possessions via dribbling, passing, or shooting - I decided to use clustering algorithms to try and identify these types of players using statistics from fbref.
Ousmane Dembele is a force of nature this season and stands out as the most 'triple threat-y' of anyone in Europe. Meanwhile, there are some surprising inclusions too, like Adama Traore.
Other clusters were identified such as Shooting Specialists and Creative Dribblers, and also Bad Forwards (those who excel in nothing). Rasmus Hojlund and Marcus Rashford were members of the Bad Forward gang this scene which validates the methodology...
If you're interested in a deeper dive, click the link at the start and check out the full article!
https://preview.redd.it/l36uzogd1age1.png?width=892&format=png&auto=webp&s=fba95043bdd0c6da086b2ffbd9bd63b142196942
| r/sportsanalytics | post | r/sportsanalytics | 2025-01-31 | Z0FBQUFBQm9OZU1CTWZXVzk4RXRDcXd2WFVHY1BsNmIzWS1MN0RQWEl4TGpXM1hRal9sdnpEVlRaZEszSm1TY3RleG9VMVVid2txWTByYUoxWVpHVTVacmRvZmdIOUJiYVE9PQ== | Z0FBQUFBQm9OZU1JdGJMTGxXRmtiV3dRamEyRVJHUXB6OWo3X1VneE1UOG5ybTEteXBxNV9obzk0SlcwNmROQlRhWlBOdThfZU1vTTI5V2RXc3IzWi1lbnVEaE5TTlRFQno2R0FqYTFaMFFOSzZSQlNTNlkwU1ZnMnZSUGNHQUlPVm9LSGtPd2t4WE9EREhyM1AzVm9ndC02cHpERFVwNy03bjhDeUFFMWkxa1dmdEwwdzVGem0zXy1sZWV3aUg0VXJJTU9sUWtpdGE2LW9oNExYOHNEV0xwMnV0czBwN042UT09 |
[DeepSeek by GS](https://www.gspublishing.com/content/research/en/reports/2025/01/30/af0de2b4-7fc8-4652-93cd-5a476327f4e8.html) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-31 | Z0FBQUFBQm9OZU1CT2NNUXlqNjFiWlRiS0hVa0J2aDdJU0ZtNm54dzBZZ1d6S1UyZ085RWFxT2VaNFdLdkVCajZWLVhlMXg3am9ya3NOXzEyZWVlZXcxdlNjcjFyd2RyUFE9PQ== | Z0FBQUFBQm9OZU1JSzV5MzJPbGhiT1ZGWHlPWTliTXByMWNOeVJEa09xQ2kwTjVlTWZSalU0MHhIYkE5NDMzUHdmNTV1Q0tfSTdkYkJEY3kxV0dhNGU3d2xxR1p6N3NWTkVtdWZvazNCczR0bTVsYUZyS3VHdmNBMmFWWG80Z3VzS1NBWWhQcWFDMXJFSy1UWThuZHRKTDNEbEpqZ2QtU3p4ekIzN2Vfd1JnMVpfdkE1SnRZbXE5LThzRTcyWlcxLWlKc0lYUDJFNjFW |
Love hearing these guys thoughts.
[https://youtu.be/UmztSIQGiME?si=unwbZam\_zOS3-5wN](https://youtu.be/UmztSIQGiME?si=unwbZam_zOS3-5wN) | r/securityanalysis | post | r/SecurityAnalysis | 2025-01-31 | Z0FBQUFBQm9OZU1CYjh0ZjhiSkxKalNYSTEyZEtXSFZ0dFhzd2R2dVB4SmhwSnJ4TndaX0lyWlVYZzhFQ0Qyd1dQd3Rqby1DUk5JbWVMQ3c5UXBVTEhvdlZHODRUME1GWmc9PQ== | Z0FBQUFBQm9OZU1JTks0eS0xbEZISk5VT1Qzay1Kc0pldUtLT1pUSTVfU1d4Zjd3dnJBSVBXWW9JTkpGZC1nOWpUbG1PX1Q4T3psLWFReXFyNmx4RVozcm5jR1JTTG5DNV9zd0oxejVDbzFvdkRhV0FzN2ZyUXA0Wm9QNk52VUFNNWFkU1g4bnpfQ2lodnB1UmVuLWdmWGM1U0E5ekNWZDE2SmtKVnRhaG10SjVIcFlYaTd3a2RiUDNPdmJid3ZZOUdNbmNCQU5Jdkc3UHQ5M0hCMXZKVloyVHVVOXloTVd6QT09 |
Disclaimers:
* I do not hold a position with the issuer such as employment, directorship, or consultancy.
* I hold an investment in both AONC & AONCW.
Key Points:
* AONC is an undervalued and illiquid OTC stock with recurringly growing revenue, currently at $1.59 billion LTM (20%+ CAGR)
* AONC has a complex capital structure that includes publicly traded, long-dated warrants (expiring in September 2028).
* Comparable acquisitions in the past two years show that private equity firms as well as larger public firms have an appetite for sizeable oncology networks such as AONC.
* Based on comparable acquisitions, AONC’s undervaluation offers an upside range of 1.8x to 7.5x.
* Private equity firm AEA Growth already owns upwards of 20% of AONC.
* AONC’s CEO, who already had a fully vested position of over 860,000 shares, has been awarded an additional sizable stock grant that would vest immediately upon a “change in control” of the company.
* A new CFO has been put in place who, unlike the previous CFO, does have private equity experience. The new CFO has also been awarded a sizable stock grant that will vest immediately upon a “change in control” of the company, along with a meaningful cash award.
* The AONCW long-dated warrants offer a speculative opportunity with value-like characteristics. You should calculate the upside opportunity of the warrants on your own. Naturally, their downside is the warrants may go to zero if they are out-of-the-money at expiration in September 2028.
* While I argue that AONC and AONCW are undervalued, the company’s complex capital structure, the illiquidity of both these securities on the OTC market, and the company’s recently filed Form 15 (please see details about this form below because this is a key risk) indeed make AONC and AONCW **speculative** opportunities.
**AONC Business Overview**
American Oncology Network (AONC) provides comprehensive oncology services across the United States to patients in 20 states through 102 locations. AONC provides economies-of-scale to the oncology practices within its network via administrative systems that alleviate the healthcare management and pharmacy procurement burdens of its network practices. According to AONC, it can provide lower costs to patients in its community-based system compared to the higher costs that patients would incur in a hospital setting.
**AONC’s Short and Peculiar History in the Stock Market**
Before going public on September 2023, AONC was owned almost exclusively by oncologists. Prior to going public, AONC also took a convertible preferred investment from private equity firm AEA Growth that gave the private equity firm, at the time, about 10% of the company, if converted.
AONC went public via a de-SPAC transaction on September 2023, and it traded initially on the NASDAQ. At this time, it had LTM revenues of $1.178 Billion, which meant a P/S ratio of 0.56, on a fully diluted basis at the original de-SPAC $10 per share.
The 0.56 P/S multiple at IPO was no screaming bargain, but it was not outrageous either because the recent acquisition of peer oncology network OneOncology by private equity firm TPG happened at a P/S of about 0.7.
AONC was one of the few, if not the only, company with growing revenues of over $1 billion to go public in 2023 via SPAC. Also, AONC achieved this sizeable and growing revenue without recurring financial losses and little debt. Nonetheless, prior to de-SPAC, almost all the public SPAC shareholders redeemed their shares, resulting in the tradeable, non-locked-up, float of AONC being at less than 1%.
Once AONC began trading on the NASDAQ, the extremely low tradeable float, lack of analyst coverage, and possibly, the recent advent of short-term strategies such as “short all de-SPACs”, resulted in the price of AONC to initially rocket upwards of $30 per share and then quickly crash below $5 a share.
Soon after the share price declined below $5, the company delisted its shares and warrants from the NASDAQ, and both instruments began trading OTC on May 2024.
The company’s management said that they chose to delist and move to OTC because without proper analyst coverage, the costs of NASDAQ listing compliance outweighed the benefits they got as a non-analyst-covered stock in NASDAQ.
However, one could conjecture the cynical view that they chose to delist because they realized they were able to continue growing the business without public funding and delisting would depress the stock price and allow management to grant themselves more shares as part of their stock-based compensation.
After delisting happened, the share price declined steeply, but it has since recovered to pre-delisting pricing. As of this writing, the stock last traded at $5.29 per share.
**AONC’s Complex Capital Structure, Real Market Capitalization, Undervaluation, and Upside**
At $5.29 per share, Yahoo Finance has the Outstanding Market Cap of AONC at $134.068 million and Google Finance has it at $237.06 million. However, neither of these calculations considers the complex capital structure of the company properly, which includes non-traded shares held mostly by the pre-SPAC oncologist owners which are exchangeable for publicly traded shares on a 1-1 basis, preferred shares held by private equity firm AEA Growth which are equally exchangeable, private warrants held by the SPAC Sponsor, and the publicly traded warrants (AONCW).
According to the latest Prospectus (Form 424B3) filed on November 2024, after considering the complex capital structure, the fully diluted number of shares is 74,112,665. At the current $5.29 per share, this gives AONC a real, fully diluted market cap of about $392 million.
AONC continues to grow, has only a little debt, and is not experiencing recurring losses, so a **valuation based on P/S** is reasonable. The latest 10Q puts the LTM revenue of AONC at $1.59 billion. Considering AONC’s diluted market cap of $392 million, the company’s diluted P/S ratio is currently 0.25, which, as will be shown, demonstrates deep undervaluation.
The low end of my valuation range for AONC comes from TPG’s acquisition of OneOncology, announced in April 2023. This transaction valued OneOncology at $2.1 billion, and OneOncology had an estimated $3 billion in revenue at the time. This meant a takeover P/S ratio of about 0.7 for OneOncology.
Applying a 35% discount for lack of control to the 0.7 takeover P/S ratio of OneOncology, we obtain a discounted P/S ratio of 0.45 for AONC. Considering AONC’s current LTM revenue of $1.59 billion and this discounted ratio, my low-end, expected market cap for AONC is $715.5 million. Comparing this $715.5 million figure to the current diluted market cap of $392, we arrive at an upside of about **1.8x** for AONC stock at the low end.
The high end of my valuation range for AONC comes from two other, more recent, peer transactions. The first is the acquisition of 70% of “Florida Cancer Specialists & Research Institute’s Core Ventures” (Core Ventures), announced on August 2024, for $2.49 billion in cash by McKesson Corporation (NYSE: MCK), which fully valued Core Ventures at $3.55 billion. The second is the acquisition of “Integrated Oncology Network” (ION), announced last week on September 2024, for $1.115 billion in cash by Cardinal Health (NYSE: CAH).
Pre-acquisition revenue figures were reported neither for Core Ventures nor ION. However, the total number of pre-acquisition oncology locations was reported for both. Core Ventures reportedly had 100 oncology locations, and ION had 50. Accordingly, Core Ventures’ oncology locations were valued at $35.5 million each and ION’s locations at $22.3 million each, giving an average of $28.9 million per location.
Depending on their maturity and other factors, oncology locations will be valued differently, so I’ll apply the $28.9 million per location average figure to arrive at a high-end valuation for AONC. In its latest 10Q, AONC reported it had 102 oncology locations. At the $28.9 million per location figure, AONC would be valued at about $2.95 billion at the high-end.
Comparing this $2.95 billion figure to the current $392 million diluted market cap, we obtain a high-end upside of **7.5x**.
**AEA Growth’s Private Placement of AONC Stock**
AONC’s latest 10Q, released on November 13, 2024, disclosed that the private equity firm AEA Growth, which already owned upwards of 10% of AONC, completed a private placement of 8,500,000 shares of AONC at $6.0 per share for a total additional investment of $51 million. The investment was completed on November 12, 2024, when the AONC stock closed at $3.6, so AEA Growth paid what was then a premium of 67%. With this investment AEA Growth raised their ownership of AONC to about 20%, on a fully diluted basis.
**Management Incentives**
When AONC IPO’ed, the company disclosed that the CEO had a large, fully vested position of 869,459 non-traded shares of the company, which are exchangeable on a 1-1 basis for the publicly traded shares.
On July 2024, the company disclosed that the CEO had been awarded an additional position of 300,000 publicly traded shares, which would vest over a multi-year period, but would immediately vest upon a “change in control”.
On May 2024, the company announced that the CFO was resigning and that he was being replaced by a new CFO who had private equity experience.
On July 2024, the company also disclosed that the new CFO had been awarded 150,000 publicly traded shares, which would vest over a multi-year period, but would immediately vest upon a “change in control”. Furthermore, the company disclosed that upon a “change in control” the new CFO would receive an additional cash award of $1 million.
Currently, executives from AEA Growth as well as from the former SPAC Sponsor sit on AONC’s Compensation Committee. Together, these two groups own about 35% of the company, on a fully diluted basis.
**Form 15**
This is a key risk when analyzing AONC. Public companies with less than 300 shareholders of record are allowed to file Form 15 which suspends their obligation to file 10Ks, 10Qs, and other periodic filings. This process is informally called “going dark.” On January 2, 2025, AONC filed this form because they reportedly only had 217 shareholders of record.
Consequently, the company is now at liberty to stop filing periodic reports, which would surely depress the stock price. However, AONC currently trades in the OTC Market “OTCQX” tier which obligates companies to file periodically. As of this writing, AONC has made no announcement of downgrading from “OTCQX” to a lower OTC tier. Therefore, no announcement of stopping to file periodic reports has been made.
If they decide to stop filing, they’ll be downgraded to the OTC “Expert Market” tier which is heavily restricted by most retail brokers, and as mentioned, would surely cause a steep decrease in the stock price.
At this point, one can only speculate if the company will decide to continue filing and remain in OTCQX or not.
**Warrants**
If AONC is to be acquired, the AONCW warrants would likely be in the money and offer an attractive return. You should calculate the potential upside of the warrants on your own. However, we should bear in mind that warrants add an additional layer of speculation to the AONC situation because they may potentially expire worthless by September 2028.
**Risks**
* In my opinion, the current main risk is the one highlighted above about Form 15 and the possibility of the company potentially “going dark.”
* AONC is not a huge company, but it is within the realm of possibility that potential buyers may hesitate to attempt to acquire AONC if they fear regulatory obstacles. The acquisition of ION by Cardinal Health that ION that I detailed on the writeup did get all required approvals, signaling that a potential AONC acquisition would get approved as well, but with regulatory matters, there are never guarantees. The other announced acquisition I mentioned of Core Ventures by McKesson is still under regulatory review, so it would be worthwhile to keep an eye on that peer transaction.
* While it is commonly assumed that private equity backed companies, such as this one, have in the private equity firm a champion for shareholder value, there is an important factor in AEA Growth’s investment in AONC that must be borne in mind. About half of AEA Growth’s investment is in preferred shares that are exchangeable at $10 per share. However, these preferred shares do not pay interest in cash, but in further ownership of the company. Originally, this was an investment of $65 million in AONC, which at $10 per share could be converted into 6.5 million shares for about 8.7% ownership of the company. About 22 months have passed since this investment was made, so AEA Growth’s investment is now over $65 million thanks to the “interest payments”, and this investment continues to grow. One could speculate that, with their presence on the board of directors, AEA Growth might be incentivized to keep the stock below $10 per share as a pretense to not convert and continue accumulating further ownership of the company.
**Catalyst**
* AONC is a possible acquisition target for a private equity firm or larger public company at a sizable premium to current trading value.
* The CEO and CFO have been granted share-based compensation that would vest immediately upon “change in control” of the company.
| r/securityanalysis | post | r/SecurityAnalysis | 2025-01-31 | Z0FBQUFBQm9OZU1CYmpTeU9CMmFYQnJNRS1CcFMyM1pfS3BQaVNQQzI5TlN1S2pPSjZQbFBQRGhXRk5xRjRpWGtzRkpyU0ZWUF9BU2QwcHdmbC02MU9lenl4RGtzZUs2blE9PQ== | Z0FBQUFBQm9OZU1JWXNkdDZXSjBhVTNWcW9zRW91RjgzTFZIQ2JpRWxCZ19UZ2N2d0hncElvZnpXSjZsLVBycnlZLVFwQU9QVUt0VDNOTFd2ZG1BVHUyV2FMV1FzRWZIYjBlODhNYXBkRzRvdUtTQkFRYmRSRVFZUVhUUU9ESHo2ODUzS1hBUjVZSG1PTDk0THVCRW5EYTI1MFREeGpqRFZybFlldFBBb3B1UE1wQnljVXZ6SXRQLWszRTdvLThkZFNRNVJqUXZUOS0yQVZLRmdkQ0ZublY1aWw0bVA1ZDEydz09 |
[Crossingbridge Advisors](https://blog.crossingbridgefunds.com/blog/q4-2024) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-01-31 | Z0FBQUFBQm9OZU1CNXYxVGFsam1pMDVxUXQyVEhqZ1Z4ZEN5OFp6ZzBKTHlIZzJsOUZZQV9PYkROTldHOHFnd0RkSk1VN3BzZlVoU2dyODVla0hhZHp1ekMxRDBTbENpNHc9PQ== | Z0FBQUFBQm9OZU1JbGZyV1UyS1JxM05vZ28zdTJtOTBoamtfVU5MMXE2bVJqZFB3OXRBQTdKdU5HWk9sOHcwSktkenlTWVlFN3FzSVhibDFqRTVhOWZITjVkVEJrMTZfaGYwX2xqSW00bnZwWXdQb0htWkVKdTJxbGF4Uk1yMVJDbjNNTGU0YkgzRDMyeGR0MTA1SF93RUZ0RFFDTzlJVm9DRG9pTjZpeDJOcUw0YnUzWGZtYkJqOTFTR2xnd1JsZ3BhcWZWT3FweUNZ |
[Legacy Ridge Capital](http://www.legacyridgecapital.com/wp-content/uploads/2025/02/LRCM-2024-Letter.pdf) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-01 | Z0FBQUFBQm9OZU1CbDNXYWZOTlJGZlFFTjh6Sk12UVZqNHI0TlhuVXpYT0RMNFpLN1FJM1N2SUR5cmtCR2kyenVpaVBsZ20xXzloU3BxX3ZNTm1fYnZLNWdRMlhSVXB1clE9PQ== | Z0FBQUFBQm9OZU1Jdkg3UnpGX1JSNENTLXBkWVUtTElaM1JodG9VbWd5cWdXNUxyTnExaTlBMm9GUHV5TTdjRHpUaEk5X1dXNzVhSHAyd0ptdkZ3VENlcHpmWFpxUXZ1MjFxN083cXl4U1QwZno3M25FR0M3cU41b1NTdzRuTHc3M3Q4OHk2cVZqNzZwaW1mY3JveEU2Y2s1eU9HOF9fUHMwVExSeFBTcXVXU0RISlViX0Z1WmdGeXA2UEdjVnVFOWhnZWtkVDRVRXIx |
I haven’t read her, but was involved in short selling back in the oughts. I think FTD is not that big of an issue. I’ve been closed out on stocks that went to zero because my broker accepted my short sale without first locating shares. So I’ve contributed to the FTD issue, and it was resolved by settlement date. They always are.
The stats have been up on the [SEC site](https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data) since 2004. Patrick Byrne was complaining about the delay in revelation allowing malfeasance back before 2009. You can see there definitely are some stocks that stay FtD issues, but they cannot last longer than a few months. If a broker is allowing long-term, unlocated shorting, they’re gonna get in big trouble with regulators and the exchanges, | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-02 | Z0FBQUFBQm9OZU1CYmJXbUxtVmJiYWdsRlN5TlBwdkZRVnVoLUt3cXR4dFNvYzBCTmQ0SEhIcXFHZjV3N3dyUEV4QmJ0RFJHdWp5S3FkdE4zMVFMcEJZb014ZE9yWGxMV3RraTZIWHpQS3VpTmV6ZEpTejczNjA9 | Z0FBQUFBQm9OZU1JRGwwQ3A5VVZzSGNQZnFvQlNnYVNnYjNkTU5YaW54MGY0QTNuQWN5YlNTZzZtNVNIMmc5MkhtaEI2dURPM1lqd19jd01yS0ZEc3hSRDdiNk1IdlgxWVlnYVRXbTFNaGlHWHJjOFpJMFp0Qkl4clpSdm04UnhNRjZzMU9qWUJVeTNfVUNUd2VPMWlGaVBVNjhtN0Rka0VMSTJweVlLOWdiYmw4anlnYm5FOEJucUtHWVR1ZzJXNWZTbFFRQUVNNHY1TlZnUGI5V3ZqSGRxT1lIMlotWk1tQ01MOW5qTHZJT3NneVlMVTlUQlJDOD0= |
Seems like the shenanigans around Lehman Brothers put an end to whatever problems there might have been. The book was originally brought to my attention in another forum, and I checked out some probable areas for manipulation looking at the SEC data. If there is a problem, it's not showing up where I look. (Note this is NOT AMC/GME where this book is very popular). | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-02 | Z0FBQUFBQm9OZU1CNS05eVJtenNzSnAxcVJFNHdEMkdBMDN3NDBRZkR2N2UzZWNjaDNvSUpQcFI4R1l2MWpZYm9QamRtV1lnT3R2SlZzN0RyREhSZWVIYm50clBRc1ZpclE9PQ== | Z0FBQUFBQm9OZU1JSGtHaUQ2SVhDSDVkR0RSVDZWYlBWRzB3X0FCSWhkX013dGNqNUMwaklvSVp6cHpDdVBnM3BaN1Myb1ctV2xLSmw4ajJMZVZfSi0yMUlvR3d6dGZCYVJxSkdSelhOOGlIRVlzNWlNWTB3bzBfamR2Y1hCT0VFNlF4YVJkb01mcWpzanRJTDFXd2ZqVEZpajFSYk53cEdLengxRW5fSGZwaDVLY2Zfdl9td0NmWEt5ZnZsMnlpNWRjSWN6R052ZHFvSkJITXlBcWRTS1JwSWRxMjh4NHI0VnFmQnlYQVpRcWZLRDdveUZNQUxaTT0= |
[Hirschmann Capital](https://www.hcapital.llc/public-letters) \+61.8% GLD GDX GDXJ "The US superbubble should burst soon" | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-02 | Z0FBQUFBQm9OZU1CVDZlVG1lcUtyM2NodzNfbzhZQVFlMGNiaXd5cklob1dFMDZtS292T2hzMWQwTGdsYjh5aUxNSnBSd3h5Q3VwSmRPVGxqNjJ4VFBLSG9tUmV3Y3dpTmc9PQ== | Z0FBQUFBQm9OZU1JOWZUYzNPYzR3UjZ5b2ljNFZ2a0lCTjh1R3lXVUYzM0tQWE9aaWo4QWtqdmUzU21ERWlVX2QtNjlMeDN2NnlvdE9GR29iTVZTRkhQM2NCRTlMMEdwSlBsOTFSQ01yRmxkaXFwVVNvTkFhN3dKVzhoTzVFSE4yR3NmZExQOFJzcC05S2Q0MFBjSVpTeVJqLTFSTmpCMXFueUpnMmFSV0U0ZXY3NnZrUWhweWRabTQyckNNa1hWQ1E3RTNkMm5KY2Uz |
Swish Analytics is hiring for numerous roles in sports analytics in the US for roles such as Data Scientist, Sports Traders, Software Engineers, Data Engineering and more! Please DM for more details! | r/sportsanalytics | post | r/sportsanalytics | 2025-02-03 | Z0FBQUFBQm9OZU1CRk9odWl3VU1nNE12UWluTHFCbjVjX2g0c1BsT0swTUprRmFjZFNYbXlmQUVLb3RvMmV3Nlh3QkxBUVd6WU1vR3VtcFVLZEFCcEdYNnY4N1dKWFBObmc9PQ== | Z0FBQUFBQm9OZU1JdUFZdnJZYzZ2bUtEOFpoalFkYTAzUE5JRGxETjV4dWd6ZUw5emZKTTIwMWxfNzFnRmFLYmEzQUo0aGo4dG9ZdmRwTy1fbFVNT1JMNkZ2eW5pV01nOThlTjBtSHhvZ2VhdTR4N3BCeC1RMG0tOUM5dk01LTVLVWhnUnlBeTF3Vnk4SGZ2YWpXZDFlWWdCRDVuQURTdHZsQllad1FiRHdPcklXQVA3T0oxT1hyN2JmMnh3N3VoYTRBTkRrbWhCblVrajI4OS1zdUpLMXlSMFAydlVhUlNWUT09 |
Hi! I was looking for professionals who would be willing to do a workshop on sports analytics for an audience of people who are interested in the field but essentially have 0 experience. This would be part of a club event at a university. Anyone living in Vancouver would be perfect for an in person option, but we are open to hosting workshops on zoom too. Please DM or comment if this sounds interesting to you and I can provide more details, | r/sportsanalytics | post | r/sportsanalytics | 2025-02-04 | Z0FBQUFBQm9OZU1CUVp4QUpETkJFZmFzendnTXBaV0hOQXdBOXl3ajdwQ1dlX3V0T3ZWNGhvWHdkcVA1Nm83UUVhaWxmT3hIbnVra2l1dklaR0VJSlpmM3pLUUZxbllKYWc9PQ== | Z0FBQUFBQm9OZU1JTWlSVnh2eG5IY3RwRjhEQUxGRW1CR1V5S2NPZk85X1ZwaDU0NUVQZVVTVGM0RmlJTVl2QkVZSlVkbFBjaXcyMlQ0VXd3RnFaSDJ6Mm4yeC00cUkwVVp2Y0EwWmRTN0dmcmZacFVOSnFhY21QelhramRqLVBfR1VUT0NjMzFLTEttSE5TbnJFY0F6cnpRQ1FndnRocWowWWlUaDQ5a184YzNUdHRDbHdlcjFtSDNxdnNaZlNCUEtrR19icGxHNHBNNUVsM3JlRkRIWC1QS3dPZzY1ei1Cdz09 |
Using variation scores to understand phase-wise effect of variations in a T20 game. | r/sportsanalytics | post | r/sportsanalytics | 2025-02-04 | Z0FBQUFBQm9OZU1CLW5OMHdBX21HR0VCdnNpQkpmZW04TkFsQlJGUXJSaXRRcmNzS0JpOVVyZmN0dWF0TURyQ0VrZWlTMzJDUnF1OXJkMDNZZkhsLVkycnR1T09sNlZGZ2c9PQ== | Z0FBQUFBQm9OZU1JYUVncWlUTVIyUkZBLW5Vb1JlTWVtSlFOZDlheTJoMHY5R1JXQ21pZWkxOUM4RXQ3ekJfMHVIeVBqYjBOZ2ZLWHAxSFI4QjBrUTFaUmVLRm5HbC0xaEZ6cV9kVXNRRzFoRWc3bXpHUmJZNU5FeDI2cVRRbzFVVHVFMDVVYzkzSW40eEdiZnlwa3o0SUNSU0F1VXRhbFlqMlkxLXgwUUg4NjdXa2haM0lKUzFxQmFFdUxKWUlXWV92VGRVMWM0RGlydmFFSHhlWHlPQlhabnRiU0Z6MlB1QT09 |
Hello everyone,
I am 29 years old and starting my journey in sports analytics. I first learned data analytics through a bootcamp, and now I am trying to focus on sports analytics, especially football. However, I feel stuck and unsure of what to do next.
Since I am a woman and live in Türkiye, many opportunities in this field seem to require a coaching certificate right away. I have been working on visualizations like radar charts, but I often hear that technical directors may not fully understand these kinds of analyses.
Would it be better for me to pursue a master’s degree, or should I focus on building a strong portfolio? Since I didn’t graduate from this field, I’m unsure about the best path forward.
I would really appreciate your advice on what steps I should take. | r/sportsanalytics | post | r/sportsanalytics | 2025-02-04 | Z0FBQUFBQm9OZU1CVnJXTFJOOThkYTNhal9hQ01kUTBHd3hwVUFyNTJmejBHYnFqUE1IcU5kc0JNdmgwNDh3eFZHeWR1VG0xaWpUb2UySlJKLWVERkZKY21ZeFFGRkdXcVE9PQ== | Z0FBQUFBQm9OZU1JR3R2b0RSdThiZ3dIanNXbkZfZlBpaVRCOFpuNG50cXJLT2JPME1KNnF2OG1TYXl4WHBiYzlCWTRCNjZDSzBDeEtWVzZjcFB6WjNaN1MwbDFEeUdOM2hzdVNSMEZFX1M3azNqeXFjU2wtMk1yX3d3REpHQXo1OHd5RFF1OEdBWDduMDByTi0zN3VoQmNQaXVUb2s1b2ViRXRDZ0pnc3pCM2JrOHBGM3VtNlNJPQ== |
[Horizon Kinetics](https://horizonkinetics.com/app/uploads/Horizon-Kinetics-Q4-2024-Commentary_Final.pdf) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-04 | Z0FBQUFBQm9OZU1CMGZCcWpiYzJEaE0zWFMzQVZPRU12aEtKd1pxRGYwejJDQ3FMV2l3OTJxRV9LVUg0NE13WDAxOFdlcnlURjlsWlRtVVVVRUNpUFZJZV9ZTy1GSEM0N1E9PQ== | Z0FBQUFBQm9OZU1JaU9HTW1OeERwZWtHaEtVNEhjcEl1V0Zsenc3V1FYVTJXclVoTDg2TjQteE5Hb29MdFdVQjJHY3E2NXBWT3pIdjhLWURpOUNaWXJ0S19ZQW4taWVNQk5UcmMxRVd0UnczeE5USEViSy1TMUlqbm9INmNtak81ZExDWjVfLVRZTzl4R2M3aTlfM1ZPNUxtVTJjY040dnE0S3QxRlJBUm9XcU0tam1CM0xsYjZKdExXbUZDM2lPalJVVWdJdVNBS2I0 |
Currently working on a project for my stats class. For all 32 NFL teams from 2024-2015, I am working to identify if there is a correlation on offseason spending and wins the following year. Also trying to find how much of the cap max was utilized by each team. Is there an easier code to write for this? Thank you! | r/sportsanalytics | post | r/sportsanalytics | 2025-02-04 | Z0FBQUFBQm9OZU1CODhodTJEc3JrZDNiLVRTNTViXy1XaS1id0c1Ymd0ZXZ6ejkydEdteENnQWJuMFR0NzNLaHZfRGVpOTAxaDJ4SXJ4Zi1xRjB0YlFQNmVDbUo4WHdNN1E9PQ== | Z0FBQUFBQm9OZU1Jb2F4cUpVcDB4QS1iU0RRa29RQmdvWEMyd1lmbm15Qmw3dUZpeE5Fc1NQd0dzZGpYNEtmNVJhVldIY3lGZFhjUmpnVzROUGhLd1hFZmM2djVUWFh0U2tNdXYyaF9MTjVvVXpBTGxWeTkwX2RZNlA0MHdrcGhqdXA2RnZWU2Z6UUM5YUg0dGhsLV9EOFNrRExQQ3FDcTVxeUFoaUhLWkhUY2EtQWZNZjlheFpVPQ== |
[Broyhill](https://22324760.fs1.hubspotusercontent-na1.net/hubfs/22324760/Broyhill%20Letters/The%20Broyhill%20Letter%202024.Q4.pdf?utm_medium=email&_hsenc=p2ANqtz-8_mND_K4Zqunjn3DNa94TqdmdFy9O_v4VCsmF4kJ-k5TR5gpqi9gqXDk1YKSCQV4AHWu7sMvgRd7K8e-dMuelL7GSETQ&_hsmi=345688062&utm_content=345688062&utm_source=hs_email) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-04 | Z0FBQUFBQm9OZU1CaUFmN3RqbjlodzdtQWdmdWRWaFZsV0I2S2tCMTJvbkJCX2tjdUR3cTdPQ3FMU2xTdWZYekxtUmlEbmswbmVXZlFXcWdRYjNJN3lVWXBzWW1NNkhjMWc9PQ== | Z0FBQUFBQm9OZU1JbmF2RURXRGczbllocGlQeHl6M2tjaHdqOVd5MjUxcWVibWlhZGgtUGpHcElqWWVlTWxua2tQVlFIMDctR0U0VFVZZG1vYmNnSmRqaWFXbXlvcFc2WWdERDVYR251MmVQamFvNDFIZ3FvSVFNUC14aml5dmNzeE9UczVKbnNHVnVKak9IVVFUMnRBVEFYbEh5Zm40aEstVXRqRGNjM3lQTE9HUFc5MWRmSFYyVkVQdEhzOHVzZHp4VmhsZDdKMTZR |
Still hodling it? And it'll tank even more. | r/filecoin | post | r/filecoin | 2025-02-05 | Z0FBQUFBQm9OZU1CVEJWdzRocnFGN3V3RGE4TU5NcVhTckJWTUo0cmE4clRTMTVOTGZfSHNRQnkxUThRSVRrVm5HdExwVm1ZY0RBYmxNQVhsQmtOYVhDVUVCdkNyMF9hdmc9PQ== | Z0FBQUFBQm9OZU1JaW9ZYllfSHowdzB0bjhwdXJYSElXRTZBd1JYSkMwNVdPVHljMDhMLVFOVDUyUzRvVXZLb05wOXoxZjNuSVEySnhuRHliZlZGRUZGTE9JZ2Z3UzNmQTlTZ2xSaDJtajVna3JNdEU4djZMSXVsRzllOHgzNTJxNkNKb01hTmFmUlFHRDk0V1J0c2hUNW9IbzRPWUJOYl9YR3NPMUEtT29lcnBObEt5XzFDcDZQdWVjWmg2SEYtSHV5MlROT2laMXJtVUx2alQ0ZG5kQlhtR3A2OWtONEFqUT09 |
[O'Keefe Stevens Advisory ](https://dominickdangelo.substack.com/p/q4-2024-investor-letter?r=qj288)(BYON & DFIN) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-05 | Z0FBQUFBQm9OZU1CbklDdjBuOElRcVZvYmVJRjdmeUs3dllKVGU0XzVselRIanE1ZWFzaFNFdEJRXzhzeEJvLVFxb0pBaFphYWZoalJnZ25VQ0dPQVBxUURmU0tOSV82WUE9PQ== | Z0FBQUFBQm9OZU1JRFhDZG1OdUNiZVVNTDFfdjdEVHR0MVNlQ2hydTZhMGRUZTMwT3ROLWsyTW4xYjdmeHRlV3V4bVJkM0hfZUg5bW10N2YzZ05ZdkpuSDEyUDBTRm1YcXZIbVJkWW9rTzZLX25tcjR5VUtrdFBlWG5GWXZZRmJabkVXZ29BZEdvNEYycDlfN3AtZC1wdW1FSzdBUkprRzh3ZlFlRjlWOWs5NVZhN2I4aTRjc2N6bnVlVk52anBTWExiTGFGd2Y5RmRC |
Hello All! Has anybody attempted to reimplement the receiver prediction component of Deepmind/Liverpool's TacticAI paper (https://www.nature.com/articles/s41467-024-45965-x), or know of anybody that has tried this?
I'm currently trying to do this myself but unfortunately the best top 3 accuracy I've achieved is ~46%, well below their reported best models accuracy of 75%+. | r/sportsanalytics | post | r/sportsanalytics | 2025-02-05 | Z0FBQUFBQm9OZU1CVzJDRTJXYmJJTGdqV2wzQ3ROa3lwMEVYSXBHV2RqZ0pfYjRXLThNZ0dpWWxkSTJNY0JUUEduUFYxWUxxNjhXSVN0WVE4TF9DZ2lsdDJjTHFHUGJXQlJHVGVxWFhJS0NFWS1aUFd3STNFTmM9 | Z0FBQUFBQm9OZU1JcUxSQ2wwcngzWnhnWGg5WVFxTXk1UHV0eG1IVnNHcEItUFRaWkZnZWpTVEN5aWVoZlZOWElaMVl6dkI2aUtiNkhtRHNHTEwwZl9DVWNUenZYRE5EcmdXdDNwUkM1bkd0V1RnYl9OUmZhY0Z1RVFYZzJtdzhRaUIyM29fQ3NmU2RVUlhlX0FOejdnbkU4Wl9EeDQzTkQxZ184eXp3Um5ILWdQQU1nd091NHRFOHhoVVdueVBEeWpsSHRaUGxWLXhKWW45X3pXOUZOSTRrVmpFa2dRd0p3Zz09 |
Would anyone be able to provide recommendations for NFL data sources that allows API connection for free or at a low cost? My refresh frequency would only be once a week, preferably once a day.
I have a technical background from an IT Infrastructure point of view, but I'm new-ish to Sports data science/data analytics. Hoping someone can point me in the right direction, and this time around I want to leverage AI technologies or maybe other visualization tools.
Worst case scenario, I'd be okay with a CSV export or something that I can manually download & ingest. I'm even considering trying web-scraping again (tried in the past, but didn't have much success as I'm not a very strong Python developer - maybe will have better luck this time around)
Welcoming any thoughts & ideas. Thank you in advance!
**WHAT I WANT**
Team Data
* Season Stats
* Weekly Stats
* Betting data (Optional)
* Player data (Optional) | r/sportsanalytics | post | r/sportsanalytics | 2025-02-05 | Z0FBQUFBQm9OZU1CaGlBdzRhM09TZklMcC1WWDFjbEl4cnlsdHlCVEl3UHpFangxWlZNaTZoN1RsQWRveDE3Um9fTXpyZHBRQWFXSU9iaFpNdi1PbUp2ai12STFEWGV2VlE9PQ== | Z0FBQUFBQm9OZU1Ja2ZEdW8zZjRDcUpzdmEyR2l3Vk9iWFppMFFvcVZyYmpBanVtQXduRDRBTDd0cm1KMmQ3VUN4Um10bDhwbUNwV1IwYTVTWHJialR4Z2xfcjZwb0l2WnhNUXowVkRUOEpPczdPRWdIeXFmZDZlN1U2dkM1cjBFRzNxY2FXZW05MEdJTGlTd193UFdPeU9nSFVrUXhIZTlQOUVPeDR0c1JhQ2oyWV9DbGJhMjFvb0cxV3FMcEVTVFJQM3ZUVVEzS00tMk1SWnNoTUR1SWRVMmF4akJrbnFhZz09 |
https://medium.com/@jake.e.rubin/siacoin-the-filecoin-killer-c87eff2a8715
Utreexo coming up the first one to have a full utreexo node! Don’t miss out or you will be sorry that the rocket left without you!
| r/filecoin | post | r/filecoin | 2025-02-05 | Z0FBQUFBQm9OZU1CX0VBYmh4dWxNMFpFWTZELWowSjUzd1pPdlNHdUdXVldPVDlENVhkNTR3VjZaTDRsaW5Dc25JQnBHbU5XdVVKX1NpYzBXTFplRzc5VExvZ2R4RDhNVVE9PQ== | Z0FBQUFBQm9OZU1JOFhjTDFuX3EtZGFsQnNFRmdMQV94SWdIZUZYS2RQcHFrWWtxZEhhZnhOSjVaN245WlliSmFtVXJqRHFTaVl4QkxVVDNKY1phT0MwVFRhZWFLbFROejZ0alhBTDB1ZFgyZnFQaFVvQl94OW80NjR5NHBjOWg3UE0tdTNwSkF6V1V5ZU5wRktrai01UkkzWlRGRzNiaXRvTHNvY3J2b0NvME1fS1d6VXo3V1ZjTWtFT25RY0FYM1p6TVNySGt4cWc0 |
Dan Loeb [https://assets.thirdpointlimited.com/f/166217/x/4b18f84f6d/tpil-q4-2024-investor-letter\_05022025\_final.pdf](https://assets.thirdpointlimited.com/f/166217/x/4b18f84f6d/tpil-q4-2024-investor-letter_05022025_final.pdf) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-06 | Z0FBQUFBQm9OZU1Cd1lLTGI3dDRfWGU4dVFHeFdtSEs2dUZUbWE4cDVwRXRON1h4UzZNUkNfNnc4TlZTenE3bjhKd2VoZUVqZUt4alFPZzJwNkxIR29XVDdxbzlXTmYtQ2c9PQ== | Z0FBQUFBQm9OZU1Jc1FQQndsRE9VLTc5aXZoUXVLckNNYTFZSDEwY09sOVQ2VGJZczRJNGhvNTZaa25aRFRsd1pfU1hxVFRoanJjdG9jdUJWRHgxS3c2V01Ma25BcDAyOG8tTFMzbGNjRDlPR0VjQ3N1YmRfaWJYYnA4d25ZNkVBXzRtaGhLZW1GazdqeHJTZ2h1SlRYSldQU0J6SUxsQ2JpZlFhakZTQk9HNlRGTGNxLUdtYkItLVNqaUlLTzNjZk9neDU0b2Y4ZTJH |
This is a great company, well positioned in current under supplied housing market. I want to add to my position but the stock keeps marching higher and I'm holding out for a more severe housing market correction which may not come for years. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-07 | Z0FBQUFBQm9OZU1CcnptZzM1MFFSNmVoQUZpN1pKNjdHb0I2T0VnMnUySHJ2dFp1Zmt5VFJSWUd3RUxRU3lRVzVkbThJaUZsNG5tMHhtNnQyMlRuaEVDM1BPUzBCRE54X1E9PQ== | Z0FBQUFBQm9OZU1JeFpPYktJbXF4bC1vXzBRVTBqT0Ixd1dQeWd2U0Z4SWI0VFo4andESXhrNGI3VVRSZWR3RlVxWFE0VDl5SU5HYUxwTzFtU1NHMjlNcnhvQk91TUh0Z1lFbnFRS0MwT21RbjAyTl9LYzhwTDVmMzFTM2VZV3RFNU5SSnFZd3VRVFAzanliNWROOEZrTlFaaXpIMDVwemxXbGlzYURLVEVNcXhBdG9QSEh6VnhxQmhqNlgxNU9hd3QxYVZFelUzVmI2VWZxSUY1WU1namw3VnJtdzhsWWpJOVg5Wk9kazZzS2MzUldtUFRDTEdZST0= |
Anyone got Elliott? There was an article paywalled by the FT saying there was an investor memo that went out. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-07 | Z0FBQUFBQm9OZU1CLUliM0UwQzZMajFLUjNKQl93Y0dsUTNTUFJoN3o1UG1rVzZScDdfZm1mQ0hKRWZ1VmpGTUFnM1BOdzd1MVlHcDEtM2EtQzROVk1VenllUXJ1TWJfOUE9PQ== | Z0FBQUFBQm9OZU1JWWRHMEl4RVVUMnNPZnEwVU9UTWxqT2I1Wl84bnFtRm85ODN5ajlJV1ZKd2JScEF3YkVrenBaZ3ZBcGR4bzlfSjI1eTNjLVdRaTBMc3U3UVZiYVRxcUcxWmNiS2ktNFRBanZEVDlmZjhMb3NkaXN3UlhmSndZaXlZd29jeS0yZEFvYkZoSmRWQnhNWEE4U3NySkp3dnN4UXlXTVNBei1qdGtMNFZHZHBNVW5VRUR0S05sYTd1Sm10NlVsbUhGM3N0 |
One year ago rip | r/ethfinance | comment | r/ethfinance | 2025-02-07 | Z0FBQUFBQm9OZU1CV2dNYlg0eGExeTJrb2JVY2I0UWZYRUR1YnlfZFJDbGMzMGZjYWNrUm0xWDg3S1o0cmdEeG1TUWpZY01LeV9kZ1U0bzRqZEFWRkhiMDZRV2FKaUN6OXc9PQ== | Z0FBQUFBQm9OZU1JMEoxV3JrYzJpVjF0aUR4YzNRWlRITUVKS0xRdlpGNmFTQ0RkZ3lGLU5ycHhUaWZjODY5T0w0SUszWF9MV21GTy13UlVDX0F0YXA2Q2xOREg2ZmU5aFJ6TEs2aTBTazJaSVd6dzdCTFJvVkpveWJFVmw0TG41X1d1YUI4V2tpel96bzlPUHpHZXljdHBsWGdEZi1sY3BwU0k1U1FxU2xidHBzeHQ5R1E2RFk1VlFCS1BQeGlsLXJyTWoxZkU3RnJKRGNxLWZ4cDRvSGdEb0JfT0JDOGdCdz09 |
From a sports analytics and modeling perspective what do people find to be a more effective tool, Python or R? | r/sportsanalytics | post | r/sportsanalytics | 2025-02-07 | Z0FBQUFBQm9OZU1CWTdTdDZKci04aGNITDN0XzBWa2x4cXpnRExUTHNsUnRtcEFja2d1aWMyOGVJdHdFVjhDOWVvdTBDM2xDVjY2N1Vza19YU0dUVHBkQ1QtNmtVdlZVaHc9PQ== | Z0FBQUFBQm9OZU1JQ0dTdXRKbzFndlBXUkJZQ0FFOEJJY0lsbVVhNk4tWnY4dkw1cHFuVVZEQXQ5Um5ZbTFMOEE0OW9oU2RzOWk0R1haQ2lkZTJPS19YV2s0Smt4U2FvbGFRTWVTbGxmZG1WcGZxeEh5YzhEcnBRVGluVEJpWkxEN3cxOTR1YUlfSXl4ZXhlMXZWRzN0NW02eDlWbWliYjEyOTg1Nl9Bcjl1czZ4XzJ6eFhvWV9RPQ== |
Hey all,
Big baseball fan and looking to build some sort of excel type sheet to do a variety of predictions mainly for fun but with a personal betting element too.
Wanting to have a load of data team to individual players, down to the level of even have the ability to select certain players and see how they perform against other players, at certain stadiums that sort of thing.
I think some of this can be done with online resources but most of it seems fairly manual and restrictive so I’d love to build something, just wondering where to get the data from?
Anyone have any suggestions? Thanks :) | r/sportsanalytics | post | r/sportsanalytics | 2025-02-07 | Z0FBQUFBQm9OZU1CdFBldlZNTGRfdkJkMExOTG1lTGlmeVJnSFc5VFVhN2VGTlFXY21NSFg1Q0dCakIxa1hRLUtmMUZ4bjNYV2F3VjdiSGo5b2hUUFZhcmI4TXQ0ZGZjbnc9PQ== | Z0FBQUFBQm9OZU1JeEZ6cGJ1YzF1cDJLQjNvQWRENDZyanpfUzFBODJmU1FpZ2h1YWs2bXF0cmpzMGRraTZmYk11c0xjaDJMNzF5ekFWakZvblBMX2dyLV9CYUJvc0VrRDRvWmJrNEx2MDktcGRsdFdyeHY0azFRc0J0eUc2Ny1CRG5wMHYzMVBWVkIyejdCb1pRM05TRUJtQkxNb2NHeWVHX0VqYkVCcVQ2dFRHdlJPZ2hMVFlHU01GSFRtNGEwWHA4V19MZUIwUlo2 |
It’s still basically just a bank. BRL 10y is at 15%. At 10x PE, it’s got an earnings yield of 10%, and growth is really only expected to be 10%. So you’ve got a premium of about 5%, which seems low for a Brazilian financial. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-09 | Z0FBQUFBQm9OZU1CcVRvNFM3TkQ5cmdNTFNzWnNpZGtRd1k4d1B4YTREcVNtSTA2VDlxZFhCa1FRRlJwendfbFFmNVJjcm1IM1g4MXVsNWdRVG5kLTFaZzUwSC1aNVdzOUw0RWluWEQ2MnJ6bjBRbG45cG5qemc9 | Z0FBQUFBQm9OZU1JUzlwTkYyd1NLRkJ4TjJWQWI5MUlSaWtOck1EQUs3SklZZzFMSXN1X19pMmtDSkE4TU14SldwWXJSSXAtdVNMdXV3ek5XdjVuVTRrazFkOVZnRFZFYXMzNG9ScUVGUmFZcGJBXzlQcjZ1aVhCWl85X2o0SG9hYTdMOGViNHF6RkpTcV9GMnQ3eno2cEsyYUItaDhxZ3VoOVFRaEpRQVpZTUliTGMzX2NEWEcwRWVqeFhfYTJCMGEtS253UEpXeVhScHVZczQ1RTRSWHVNalVweXNJenJMYzdWeG1BWDVOZzJONDFGelVwcHZHcz0= |
Filecoin Redefines Activation of F3 with an Exclusive Smart Contract
https://cryptonews.net/30498634/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared | r/filecoin | post | r/filecoin | 2025-02-10 | Z0FBQUFBQm9OZU1CNF9Zd1diQUE5Zld4Wmg5MzloeUVXUFkzNU0xdHBnVjVVaXpKT3VZcHUzTllEZHc4SkhzS3h4ZjJDcjZkenFidHhOQkI2cXE1S0N2V1hoaV9CN1FxcEE9PQ== | Z0FBQUFBQm9OZU1JUS1yeDlIU2pONmxBU0g0YVhVMmh2c3NJdnB2WFJoZnpOTGRRRlRKQ2trMFU4bUNBSlM3a29meHN5YTF2MnkxdEQxMkd2TUhOS2tEd2Jnc0I3QjF3VDNhQ3EtU2RrSXZHUVk1VGhhcmM4MjZFMlhJaUlBV0hGWUJiMVJzV1lfdERsa090QnpsMHBkUWxXMUF1S01WWnF2aWk0TXBUczFIYlhzYnZQYVJ5UmJPMk9UdWN4MGRxZzJ5VV9jdDZmSUlmNzlPcVFhUlNGeEo5d01jcXViaGZKQT09 |
Title says it all.
This is a throwaway acc for them luls
Usually im not so cocky. But fuck it
This is my first leverage trade, kid you not
Also please explain how does the funding rate is going to kill this long term trade.
Planning to go all in on one trade
Not selling until half a milli
To those who say alt season is not happening. Liquidate me! | r/filecoin | post | r/filecoin | 2025-02-12 | Z0FBQUFBQm9OZU1CVVNLb1pGT2lRR0g1T2Y5Ulh2eG9hakxlSmpTM3RXMTltOERaSlA2TGRXX3dqSXNmT0ZBWlA2M3M2a3g2R1VZeEZ3bFFkc2dsNXh1eU5HV2p0ay1wS2c9PQ== | Z0FBQUFBQm9OZU1Jb1RvMloxTkZoQ3RxM3d4WUk4cXJ2TndYMlh1S1piVzFsR2Q5aV9PdEFQdktGQkpBMktnUm1ENUVpdTducEFqaWtwRzVob2RzVzh5eE5GN2E3ZGt1NDVtcWxhbkhPbkd1elVFdlBSS09ONVhaMkRCQU43VkFyMHNWWW51a0Zya2Z0YXlSUkp2U0JlV2lIbEc5SjRobTRjS0hkMGlyMl94UzlsVmpDWEZVYmFBVzgtbDhtT3JLeFJITHNuWEVxMTRVRTVqeTl2NXBsN1VBRFJVSUJ4bERlQT09 |
Dear Members of the Board:
We are writing to you on behalf of funds managed by Elliott Investment Management L.P. (together with such funds, “Elliott” or “we”). We have an investment of more than $2.5 billion in Phillips 66 (the “Company” or “Phillips”), making us one of your top five investors.
As you know, this is not the first time we have publicly shared our views on Phillips’ opportunities and challenges. In November of 2023, we published a letter to the Board noting the Company’s ambitious targets in the areas of operational improvement, portfolio-streamlining and improved capital return to shareholders. To repair Phillips’ damaged credibility with investors and ensure the right oversight and accountability, we called for collaboration on the addition of two new directors with refining-operation experience. And if Phillips failed to show material progress, we suggested an alternative path similar to the one taken by Marathon Petroleum (“Marathon”) following our engagement there in 2019. In that situation, board and management enhancements led to operational improvement, portfolio-rationalization and significant long-term share-price outperformance. Since our engagement, Marathon’s total shareholder return has outperformed Valero Energy Corp. (“Valero”) by 120% and Phillips by 178%.1
The 2023 publication of these views put a spotlight on the significant opportunity present at Phillips and initially sparked market optimism for a long-overdue turnaround at the Company. Unfortunately for investors, patience has been punished.
As detailed in the enclosed presentation, available at Streamline66.com, Phillips has failed to make meaningful progress on its targets. It abandoned serious collaboration on Board and corporate governance improvements by failing to honor its commitment to add a second director and reverting to a combined CEO-Chairman role. And despite possessing valuable assets and a clear, achievable path to realizing their full potential, Phillips’ total shareholder return has continued to disappoint, lagging well behind peers. Over the past decade, Phillips has underperformed Valero by 138% and Marathon by 188%.2
This experience has been frustrating but has clarified the scale of the problem and reinforced the urgent need for the Company to pursue an alternative path, namely (i) an overhaul of the Company’s conglomerate structure, (ii) demonstrable improvements in its operating performance and (iii) a refresh of the Board and executive team.
We remain committed, engaged investors in Phillips due to our conviction in the significant opportunity for value creation represented by the quality of the Company’s assets. These underappreciated assets benefit from significant scale and strong competitive positioning across the Company’s businesses. In addition to its core refining business, Phillips has a highly valuable midstream business focused on the NGL value chain and a world-class chemicals joint venture.
However, Phillips today trades at a substantial discount to a sum-of-its-parts valuation, and investors have plainly lost confidence in the Company’s ability to unlock this value under its current structure.
We believe the factors driving this underperformance are clear:
Conglomerate Structure: Phillips’ inefficient structure obscures the true value of its assets. Within a single conglomerate, the Company’s disparate businesses lack a natural shareholder base and a coherent equity story. Phillips delivers weaker capital returns than leading refiners and slower growth than midstream peers, resulting in the worst of both worlds for investors. This structure hinders management’s ability to focus on the unique needs of each business, weakening its ability to drive operational excellence.
Poor Operating Performance: Phillips has repeatedly failed to meet key targets. The Company’s 2024 refining EBITDA per barrel has trailed best-in-class peer Valero by $3.75 per barrel, widening to a $4.75 per barrel shortfall in the most recent fourth quarter.3 Former employees and other industry executives have described Phillips as a company unable to control costs or stay commercially competitive, citing a management team and Board that continue to lack refinery operating experience and have outsourced key operational initiatives to management consultants.
Damaged Credibility: Persistent financial misses and the pursuit of acquisitions instead of portfolio simplification have eroded investor confidence in management. The market still does not appear to take this leadership team’s 2025 and new 2027 mid-cycle EBITDA targets seriously. Worse, the management team’s continuous claims of a successful turnaround without corresponding tangible financial results have further eroded its credibility. Long-term shareholders recall the 2019 Analyst Day “AdvantEdge66,” where management’s claims fell far short of Phillips’ actual operating performance. Even the Company’s recent $3 billion in promised divestitures, initially earmarked for shareholder returns or debt reduction, was immediately redeployed into a near equivalent amount of new acquisitions. The Board has repeatedly failed in its fundamental oversight duties, rewarding management with compensation disconnected from the Company’s performance.
As detailed in our “Streamline66” presentation, we believe Phillips can resolve these issues through decisive action. Another year of empty rhetoric and broken promises is unacceptable. We believe that Phillips must pursue the following initiatives without delay:
1. Streamline Portfolio – Phillips’ world-class midstream business should be sold or spun off, as we believe it could command a premium valuation in excess of $40 billion.4 This standout business should separate from a corporate structure that both diminishes and obscures its value. Phillips should also sell its interest in CPChem, an asset that we believe would likely attract significant interest from its existing JV partner or other potential buyers. The Company should execute on the frequently discussed sale of its JET retail operations in Germany and Austria. Divesting non-core assets, such as CPChem and select European retail operations, would allow Phillips to increase capital returns to its shareholders and sharpen its focus on operational excellence within its core business.
2. Operating Review – A more focused Phillips can better prioritize refining profitability. The Company should commit to ambitious refining targets that reflect best-in-class performance. We reaffirm our November 2023 call for Phillips to close the EBITDA-per-barrel gap with its peers, a gap that has actually widened since our initial engagement with the Company.
3. Enhanced Oversight – Meeting operational targets requires a comprehensive review of the Company’s management team. In addition, fresh perspectives on the Board would strengthen this leadership evaluation. Phillips should add new independent directors to bolster accountability and improve oversight of management initiatives.
Taken together, this plan offers a pathway for restored investor credibility and a realization of the full value of the Company’s attractive asset base, which is currently obscured by its conglomerate structure. More than a decade ago, after spinning out its refining and midstream assets, Conoco became a purpose-built upstream business that has flourished. The mix of assets that became Phillips in 2012 has since lacked cohesion, limiting the potential of its disparate businesses. A transformation of Phillips is long overdue.
The past year has provided strong evidence that change is needed. In our November 2023 letter, we wrote, “At present, we believe [CEO Mark] Lashier and the rest of the management team deserve investor support so long as they demonstrate meaningful progress against [their financial] targets.” Since then, Phillips has failed to do so. As such, investor support has evaporated. The Board and management team must now recognize the severity of their credibility crisis and seize the opportunity to address it by pursuing the initiatives outlined above.
[Streamline66 Link](https://streamline66.com/) | r/securityanalysis | post | r/SecurityAnalysis | 2025-02-12 | Z0FBQUFBQm9OZU1CeVNTVkVzRjIyOUk1ZVJBTDhNTHN3YVRBT0gydGw5Ym9vbm9Cbk5tZEMtb3JWUTVmWXplcnVsYk90YkN6OWdiRjJzM0otYTg2NG5Jdkt5WlE4ZENWS3c9PQ== | Z0FBQUFBQm9OZU1JTDlyWG1tVm1QVm12ajBSSFpSdF92UUlfS0VkNHRoYjI5aG1XbUlZeGFkY0JDcjBPZEwwQlBsZVJTQU1rQVJ0U1loaks0b2dvcW1KQkNQOTlSeWNTeXEyWmJXV0NIb1NTOGo1d1JsS29Fc0JOcGliNzVVNFRDaEYybWtiRjA0eThKQWZoNE9RMVcyVDlWZ2U2bF84cUZTOG8yZS1UWkxHeGpuVnUyR3lIdlZibFhQcG1GXzdmdVNkRWdUOF92UUViZjY1d0h2UlFWbVpKZUFFNm90YjFHUT09 |
I want to build an SEC tracker that monitors and tracks these types of investments/deals. Think it'd be helpful to see 13Ds, 13D/As, and Form 4s on a deal-level to analyze trends and changes to the investment thesis over time. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-12 | Z0FBQUFBQm9OZU1CNGc4TUFDM1M2ZFpzSVpGM3hSVm1Xal9iRHdHZmNQY0U3Z3Z5MU5PN3g2aWFwVFlXSDAwWmRpZWRtZERqT2FqY2xveF9OTzB0TVFxSGpnQ1NHZ3hiZ3c9PQ== | Z0FBQUFBQm9OZU1JNmdZVEgzQWhNMHNueU13b3VjRjlyUWxHTG1QcUhnNzd4UXpvYWdBSm1MeDBWNlBKVXh5NGcxNWc5by1Va3hxRDBUTjYybVZ3UEJKU1Y2NkNnd3I0dFU4Qzh1VkljZFRFdUFXdHNlUHlEXzNyTDQ1bF9qTEVMa2YyMmJVcWVsLVh0NUdLTVdVdEY2NzBOZlctcDduVXlwNXp2ZmV5cTJzdW1VNDFJUWFlbWE5LWRnVUJZVXRMOW00LXJNUUtpakZMSmVNUjY0a29kaFZXV0JFTlpqZXNMa1RRVTNJb051NDhqQklwSml4XzZqYz0= |
Yeah it’s definitely possible. Might not be 100% perfect, but close enough. The data is out there. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-13 | Z0FBQUFBQm9OZU1CdVk1eWdvM3B3eG9ZRW16VzlwdldvQ2VfUElndEtwcmJHa2FobUlkWktNX08wN3RQazJESlg4ajZJTXZ0NzJMNHVuRXR5cWpqQkkzb25iTXZsYlpfeWc9PQ== | Z0FBQUFBQm9OZU1JcHhJTGVfeUtEYVU5bk01Q2Q0THFJQklBOXJNU1VFYXhINDFKUkd5Zmg3c2NIdU91R29jaTNHcTdOZ2pqeTRXY010eFYwcFFuUWdoRlpSTXI0b1daZGlVa3BtWUxkejhjUE5nN3l5ZDl3YW4yckU0WDRmQlNqUy02c2dhdmNUZDlZRTFFdWVBZDJoaHBRYmxZV09ndTJBdGNEUmV3QV9kbWJaTUJjNndDM3VCaFNRNHI3dkVJQ005QmR2cWJjanB0QldmNUx2NjltWWh1cDlyLWZLYS1VVXlyN0k3S2tZYlB2aDhhUmlXeEg5ST0= |
CURI has achieved eight consecutive quarters of improved FCF, the last three of which were positive, while maintaining a cash-heavy, debt-free balance sheet and a minority stake in Nebula, the largest creator-owned internet streaming platform. At last week’s Needham Growth Conference, the CEO guided for significant growth in the year ahead, highlighting that licensing revenue are expected to surpass 50% of direct subscription revenue for the foreseeable future, driven by licensing deals with hyperscalers for AI model training following years of licensing declines. With ongoing cost-cutting efforts, the adoption of new monetization methods, such as the launch of FAST channels on smart TV ecosystems and streaming services, efficient capital deployment (e.g., the recent dividend introduction and an active share buyback program without jeopardizing liquidity), and expansion into the AI space and its associated tailwinds, CURI warrants prompt research, particularly in light of its recent price surge.
https://preview.redd.it/83vl36i2qyie1.png?width=1292&format=png&auto=webp&s=681b291b1c3c85fa3b8bac77f85f5bf1458b29bf
| r/securityanalysis | post | r/SecurityAnalysis | 2025-02-13 | Z0FBQUFBQm9OZU1CdGhsWFZ0d3FjQWJGZzZESDFyZHp6OUwxOU4tSmlvZ0pOUmRpQnhNVnlreldlak1mZWNSSkhNVUNHT0R6YVpwUFRvXzNqS2ExLUxpbHdxVW8yN2h6N3c9PQ== | Z0FBQUFBQm9OZU1JWVZiSFVsSW12Z3ZPbmNZeDVsb1FyRUpVRjYzRHlSLWE3M0p1SjJfZ1Vhc0k4SlBTMUthc3BGNm8teERVb2hlWmFhUkVnV0xSTkoxbXloR244MkVxRUZkTFRLcXlUTnI2ZHgxVURYRk94a1ZrY0FWWERWSXdjUTJDMWRtcy15MzdiZ0NqMnJ4WFJXZ1VfYmNpeWQ1YmRHSUxNRzBkWEdSY3R2bXpzYV8wbmhNNTltTUNmNURrOTAtRU03akVjRlJk |
In this [article](https://fansided.com/2019/09/06/nylon-calculus-defense-adjusted-3-point-percentage/) Mike Bossetti walk through his creation of a metric he called defense-adjusted 3-point percentage, i'll give it a brief rundown but i suggest reading the article as well.
Using [nba.com](https://www.nba.com/stats/players/shots-closest-defender) shot dashboard stats he breaks down a players 3s by closest defender categories (0-2ft, 2-4ft, 4-6ft, and 6+ ft), calculates the league average 3PT% for each category and multiplies it by each players attempts to come to a sum multiplied by 3 to derive their expected points from 3s based on the shot difficulty. From this he compares it to their actual points from 3s to come to a points added metric which when converted from a counting to rate stat brings me to points added per 100 shots.
From this Mike partially describes how he goes from this rate metric to his defense-adjusted 3-point percentage stat in this paragraph:
"For a statistic to be effective, people want to compare it against numbers they’re already using. Saying that Curry added 25.35 points per 100 3-point attempts is nice, but without a subset to base it off of, we don’t have much to judge it against. Instead, we can look at how much value a player created per shot attempt, translate that to their “expected percentage above/below average,” and factor the league average back in for a “Defense-adjusted 3-point percentage.”"
From my understanding this would entail taking points added per attempt and finding the league average and then calculating a percentage better or worse than this average and using that and league average 3PT% to derive Defense-adjusted 3-point percentage, but I'm struggling with the math due to a statistic that centers around zero with positive and negative values.
If anyone could be of any help to solving this that would be much appreciated, here's what i've calculated for Steph Curry so far for example in the 2018-19 season. If anything else is needed I have a google sheets with my data so far [here](https://docs.google.com/spreadsheets/d/11mHZsYdbQohGdQVPmhpf-Thp6UVtGge7Q4DGRlyRzDI/edit?usp=sharing):
|3PA|PTS|EXP. PTS|PTS Added|PTS Added/100 3PA|
|:-|:-|:-|:-|:-|
|801|1038|824.36|213.64|26.67|
\*EDIT\*:For those interested I figured it out:
By taking a players overall points scored from 3 divided by their attempts get their points per shot on threes. If you take this and subtract their expected points per shot and divide by their expected points per shot you get their percentage of points per shot above/below what would be expected of an average shooter with their same shot selection. Taking this + 1 and multiplied by the league average 3PT% gives you their defense adjusted 3-point percentage. For 2018-19 Steph the calculation would go as follows:
((PTS/3PA) - (EXP. PTS/3PA))/(EXP. PTS/3PA) = % PPS Above/Below Avg. Shooter
((1038/801) - (824.36/801))/(824.36/801) = 0.259 or 25.9% Above Avg. Shooter
(% PPS Above/Below Avg. Shooter + 1)\*League Avg. 3PT% = Def. Adj. 3PT%
(0.259 + 1)\*35.5 = 44.7% | r/sportsanalytics | post | r/sportsanalytics | 2025-02-13 | Z0FBQUFBQm9OZU1CaGlQdFNyREwxZlJWVEpPcGE1cVZqTXJRd051bW1pMEtFVVhXUDF6WWdOQmVDS3NsNktkaXdrdlJyeHBIR0RLRmVEcGJnYjJGT09sTVFfRUlVVUxNTFE9PQ== | Z0FBQUFBQm9OZU1JMV9COWJJTFdBUHNxQU9feFZjSFFGZ1hHemJXMzBZZlI2bXpKdG9IZ2Nud0xSMzdCdFpCZHNJOXpqQ2FuWkNSOEhuei1pcm50WVJkT25Td3BqTVFOYkxVdWp5U2R6Q1Q4VG9nRmt1RWk0ZkpqTVpGRGhtVjdsU3J2ck1YSERyZ1EwVmhtU3JtNjZVaHVPYS1KY052TTlYMHJrNGFaSjZoeFJVWGZwNFVvVGFKWld2QWNZLXdjOUwyeXJaTzF6U1d3OEs1UjU1S3F3ZlFEU2t6dmhYY3JvZz09 |
How's this metric looking now? | r/ethfinance | comment | r/ethfinance | 2025-02-13 | Z0FBQUFBQm9OZU1CaDRLYm1rOF9ldVhRajRmdTVRaE9HRFhOMTFCX3IxQzhmLTdOMjVKSVdaS0hIODV4RFctcVRkOGtTTXBsaHJsN1RGdVY2Z296b1Q0TldaXzNzSzlRSnc9PQ== | Z0FBQUFBQm9OZU1JYTZDaGNBdG1oMzJrY3EyZVBGWlNkSGhSOUlrSkgwcU1XQnp4dlY2NHgzd1R1V3JYQW1QZXFOaFNXNFR4SlJZYXhnaU9sVV9iZXdPbkRJcG9JWFhWRDhBRVo5NjF4cEZQdUhiQzlFcUx5LVRsTXp2Ym0td1VfVkhJVmNIc2ZlWXNNM2x4dE9Hb3EtMG1kSExmelFvcTlVbVQzN19PejkzYS1ZRWNQTUd2QlROOXRROHR2MmZfZGlNYlYtWGF4a0ZHbTVKZWcyejhKcFRmMmQ0c0lXVFZzZz09 |
Filecoin and TOP AI Network Collaborate for AI Efficiency
https://cryptonews.net/30519516/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared | r/filecoin | post | r/filecoin | 2025-02-13 | Z0FBQUFBQm9OZU1CdGk0RXlmbU95U19MVUVaMnpDVV9iNUduMUdPa2pmYmxFWjdxbWE0LVo5WXpqaWJLT0dqQWcwWk1xMHZJdnhZRk1ld1NaelhUd0M3QWdBaC0ycWVBdVE9PQ== | Z0FBQUFBQm9OZU1JMFZaVE0tek55XzlQbThJbG8tYzBFajk4YVFjenRaYkhya0dEcGFRdTBidVF4dzVzS09XUkJaeVNaZ2hTVFQwU3I3eU5BZk5sSGtyek14ckFMNW95X25rRkVxUGJtcXE0dmF3TDBKcWxuRTVBZHdQdzM2b0EwSU5sUHM0QjNUSHRPLWxUQkh1Vk91ak5MWVpHQU5mVF95RGxHSy1tblQ4emk5NXpaYlprV1ZSbk00V3QxcG11RHdkQk1MVWRvNTN3c21SU0h1RHFKY1oyLTlYaWpRRnhKdz09 |
Anyone here have a podcast? I have a project I'm working on and would love to chat! If you know anyone that runs their own podcast, I'd love to talk to them too! | r/sportsanalytics | post | r/sportsanalytics | 2025-02-15 | Z0FBQUFBQm9OZU1CUHJ4Q3hib1JmSkNLbXRpSS1TRnBUcUFPSzkzRWZsYm9DOV9TWWpjY1VGV3gxZC1RWlBveFVHXzVkVjNyMHRBMEpNcElYcW9kYjJqYkc2V2VFYV80cEE9PQ== | Z0FBQUFBQm9OZU1JMHgyTjBaZTlEMlU1OWFHMVpJUUVrZkRfeXdfLWp0WlJ3Yk9obWo0UVlESnF4SkdkX2lVUjN2VXlNSDQ3amtZMFdBUm1KU2xSRVpEN0ptX0g1ZUIzOWNVR2d2N1l0aFpVVW9YQ3k5NlRXNDhWcEJsMXBDVmZ4T2lHOWN0T2pQeVZ2OXpYd0xMZmtaYnVsdnhIYW52SHJHYnJVeVZRRlMtQ3BxTlg3NURyVVJRPQ== |
Hello,
I work as data analyst in a european american football team.
I would contact with any ncaa football team to learn and improve on how to analyze football and how to create best reports pre-match and post match and help my team with a better analysis.
I'm trying to have some meetings with some universities but it's very difficult, because I don't find any email from football team to write, I only find human resources emails and they told me to apply a position, and I don't want any position. I only want to collaborate and learn more and share my work with my team.
Anyone can help me with my goal? | r/sportsanalytics | post | r/sportsanalytics | 2025-02-15 | Z0FBQUFBQm9OZU1CRS16Q1A0TllhOEZ4Vllac3hvcVNQbjZOZG9ydHdhWDhsZlZmSnZGUktrV284QjZwRUVaSUJkdW9YTGtZbTRkX1JfVDJkT1V0am9VdkpXbkE2ako5OXc9PQ== | Z0FBQUFBQm9OZU1JQUVXZkdYSUhfNzl6dVo2RnJoUFViLXhVT3JhaXk0ZHhobkVrSkFQUW9pMm1FcEVrcFBkOG5FZjdWM3plaGpuV0lVcld0SUU0RFpYbWQ2ZWhDTXJacTlRRmVDVlhTcWdrUTZIc1hCRVdvMFpwaHZ0RXI0NUwzNnppM1pIR280Vjg4SWlqcVVHbnMteWY3UjI0dXY4NWMzWE9QeXVXcFB3SXY4cWJQTlVEcTd0cG9qS3pxYURwNGZnXzJyczE3bXV0aGhnQ2VUUWd6NFpHQmFsUVZMc3R0dz09 |
If so, how would someone rent 100TB of storage and manage it over standard protocols like s3 or sftp or something compatible with rclone.
What is the rough FIL/TB
Don't link me estuary, that's 10GB and not a paid service. It would be unreasonable to expect a free service to provide the volume of data I want to store. | r/filecoin | post | r/filecoin | 2025-02-15 | Z0FBQUFBQm9OZU1CR1l5aERGTDVLRkQ3cF9TcWJoZzNVWjdjQjJPQmlZM3U4NG9vdnMxUkZGeGpZN0VfbDExYU5TcFBjTFllcW90MmpOdUU4dVVZVGRTVnliMExjTmg2MEE9PQ== | Z0FBQUFBQm9OZU1JdDVZeW1xX1hnbzhZbTV1X1RXcXpOUzkwbWYxRGgyT19Cc1lVdk9nVDNrWlRpbEZhRS1iNDh5cGE2djNVMFhLamZKMGV0MHZBd0t1ZkZJWFFrMDY4VmJCcFNMSTJFb2VoVTduTUZQb0N4dkJ3V0JsMUVIZ2dONGhvZFJVVUVJNWEyd3NjTlpTX1FnLWRCUVZaS1NuRnFlbkZtR1JjX3dQeWQ2NUVGM0RjNVZYVmtQSjhteFhBSzEtTHQ2TFRraEFwcFlBZHlBMFE4TjB1V3AzWEdVNU9mdz09 |
Hi sub! I have written an article that looks at their fighting style and extracts four keys to the victory. If you like charts and opinions based on data, this article might interest you.
I have recently picked up writing. Let me know what you think and if you'd like to read more articles like this
Enjoy the card ! | r/sportsanalytics | post | r/sportsanalytics | 2025-02-15 | Z0FBQUFBQm9OZU1CeE1ZMDBrTlVXX24ydEE3cVJyMFNmNmViZ2ZHQ2Q0dlE3OHNKYnBGYWl1TzRkeTN6THBMSVN2a25FUkhfX2NrV0tCXzJKczluSFVpYWdUVUNwanU5dXc9PQ== | Z0FBQUFBQm9OZU1JTzNzaUZWVmoyU3ZIRHRTSjFZSjY1ZWlkRUhiNjd1WWhEQzJ1WTBOaGdvR0FvQjc5dEk0RUNTUmRFMEhfYXVmS0ExbURxRks5ak5ad1NxU0hXMmhEemtncnJid3FtcmQ1aHZwa1JFRVUxVTVYenY3cWU4MXhyalZXdXVfMlh2ODR6bmJDaTdSd2NiYTQ1ajNwMDgwcU1tX3RIZ1czWl9aeTg1Y2Fvc0paM3NjUUJGWkdjRzU4SU1tQXFma1diazhlUkxXNWpJT2c2NUF4cW9sVG1DTXg2UT09 |
Burford Capital $BUR, the largest litigation funder, <1% mkt share with long runway.
* Impressive 80%+ ROIC, 20%+ IRR, 20% ROE since inception (2009)
* 3x Tangible Book Value in 7 years ($3.2 -> $10.5/share)
* Own 39% of a $16Bn+ YPF claim win against Argentina
Yet, at $14.5/share, its stock return since EoY2017? **0%**
The disconnect is outrageous but not without reasons. My analysis explains why the oppo exists, what the market misread (Argentina's tactics) and overlooked (potential shift in the DoJ's position).
Here is the bull case for Burford Capital
[https://underhood.substack.com/p/a-not-so-late-bull-case-for-burford](https://underhood.substack.com/p/a-not-so-late-bull-case-for-burford) | r/securityanalysis | post | r/SecurityAnalysis | 2025-02-15 | Z0FBQUFBQm9OZU1CMXY2aGxrTDh0MTVHY0dBa2pjLTktc2F5UzYtdEpJdWxXWkpjemdRNHdtMUZIMExnOVh0Z2NpUF91LWg4eU1MckI2R1hPSFBqU3ZLeU9nbHRZOWtINnBrQlNWSkdyRHlXRDBNR1doRVVRTWc9 | Z0FBQUFBQm9OZU1JbFhFZ25sQkxoamVuR0JOakZ4bXhKbFBhX0pCcFJfaHJReGMzazdRdnRGNEUwM3ByVFZMT0VxLWtEaG8tUXdCclhvaGZKSkFNcTlMZ09CejY2NUZtSW1uclFEZVR4WUNRc19PY0U1b09DV3ktQU5VWUdSdGpweGI0WUhlYUY4eVJuQTgyaEpnbnhrVXNlY1VOdEpReEppQTV1M1lZNEFHWnROUjhPZURtOXdXOVNjbG1OOTIyY3J6emJjcFhqazhZWlZfVlRwb3ZZT0hCakVMRUJGVzBOUT09 |
Anyone have Greenhaven Road Capital's?
Of all the boutique investement fund's, I think he's the best. Well sort of...
When he's right, he's *really* right (i.e. Lousiana Pacific, Sable Offshore Corp, KKR).
But then, there's a lot of ideas make me scratch my head. I remember seeing his write-up on Digital Turbine and thinking "oh god, this will not end well." And well, it did not end well. Similarly, PAR Technologies gives me quite mixed feelings. Hearing Scott Miller talk about the company only lowers my confidence.
If only he had a Charlie Munger to filter his ideas, I think he'd done very very well by now. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-15 | Z0FBQUFBQm9OZU1CRHdJdVRGd1dfMEhCakZhMnM0TjBKTFhWWWg1MnVXajR1WEZsTVQ5MGhBVGV4Rk1YS05ieXNEelRoUkNTN1A3OGdIT2hZY2VNYlZ2cUtsTFU0LW5xaFIxZm40b2FFdnZDbmp1X2FvSF9WMWc9 | Z0FBQUFBQm9OZU1JdW42bFdwOUxLSnFGUnUtUHUyNDZiZUExdW5FRG14dm1BMDJkWWhzTGpGM0JJcEszNTR4dnp2MzdGQUpadmVKMHpmMFRVdThnR1VZSnAtMUYtSV9neHRzY3ZvbUdUM0VwWHVwTzJjdndFWUp0Znh4WFo3Z1V2cVloQ0p0aWpfUEpLS3pEU2o0dDRwU0xBRExPT3lzWHhEbEFoUTVUUW1lV3dCakd0dmNzTmt2NGRCbmhmeEhGVUJCM1FRQ05WSzRN |
Thanks , also sharing a VIC write-up from last year: [https://www.valueinvestorsclub.com/idea/BURFORD\_CAPITAL\_LTD/5322640630#description](https://www.valueinvestorsclub.com/idea/BURFORD_CAPITAL_LTD/5322640630#description) | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-16 | Z0FBQUFBQm9OZU1CU1BubXpmMmliVXNLREhBVGZaUGFpNURkdGFpbjNpbXJHUk9JMHk0T3B1N0FQVmNDckxNTWpLRWFwODNsUzNyUHFHUldBTmh0LXVPWlFVOGZxVk83T3c9PQ== | Z0FBQUFBQm9OZU1JT3VpMXF2ZlVCWTUzTmlXZXpfbXg2SThkUmc5VzVXZTFiY2QtZWlNb1Nad205QmQ3Tl8yVEtkSEo5UTVBU0hCX01vSFlaUjc1MFdKYUpBVmdMbGo1NGc5Qmk1Q1ZTbkFJby16ckwxdVc0MXF2WmoxU1VMU0IzUlRCT3RZenBhdVY5UHlCSFFYb2h1N3lMLTh2YW1CM0k0VlV6TmpRM3FsZ0pLWUk2VVRELWJaWmVOZG1XMnQ3a0RmcFhLeVQ1Z3ozbVJQNnVSRU1TRDVLT05mT21qVUdJVXpTY1kyMV9XWl83RjI0Q1RoZDJHUT0= |
Radius Recycling - RDUS
Market cap $370
Tangible Book of $540 million
EV of $940 million
Net debt $400 million with $160 million of operating lease liabilities
TTM operating loss of $83 million. 2021-2022 operating income was circa $200 million annually.
P/Book of 0.68.
Estimate of fair value: **0.9-1X tangible book, with further upside if profitability can get to 2018 or 2021-2022 levels.**
**20-50% upside, possibly 70%+ if profitability gets close to 2018 or 2021-2022 levels**
Radius Recycling is a metal scrapper based in Portland, Oregon, but with scrapping locations in California, Mississippi, Tennessee, Kentucky, Georgia, and Alabama. The two biggest products are "ferrous scrap" and "non-ferrous scrap" which are metallic scrap processed/recycled from junk - think old cars, railway cars, etc.
Ferrous scrap was $370 million in revenue, 56% of Fiscal Q1 2025 revenue of $660 million. The division produced 1.1 million tons of ferrous scrap priced at $338/ton in Q1 2025. Ferrous scrap can be fed into electric arc furnaces (like those at Nucor NUE or Steel Dynamics STLD) to make new steel.
Non-ferrous scrap produced $180 million in revenue, 27% of Q1 2025 revenue. Non-ferrous scrap is dominated by aluminum and copper scrap, so prices mainly off of aluminum and copper pricing.
The company has also done some vertical integration, and it built its own electric arc furnace steel mill, which can process the company's own scrap. RDUS own EAF produced 125,000 tons of steel, sold at $771 per ton last quarter, for $97 million in revenue, or 15% of total revenue.
The company had a surge of profitability in 2022 during the strong pricing environment, but if you look over its history, it has been a boom and bust cyclical. It did very well in the pre-2008 industrial metals bull market, and has struggled to make consistent profits since, occasionally doing well like in 2017-2018, then a weak 2019-2020, then a strong 2021-2022, and now an abysmal 2023-2024 cycle.
So why would it be worth book? A crummy cyclical that can barely earn a 20% ROE in good times and earns a -10-20% ROE in bad times should get a discount to book right?
I think there's a thesis the situation has changed with the latest tariffs.
The thesis:
The 25% tariffs on steel and aluminum imports from Trump are likely not going away. IMO, the 25% Canada/Mexico universal tariffs were likely a negotiating chip, but the 25% tariffs on steel from Canada and Mexico are for real.
The initial tariffs under Trump 1.0 were enacted March 8, 2018 and included a 25% tariff on steel and a 10% tariff on imported aluminum. This led to an improvement in operating margins at Radius to 6%, resulting in over $180 million in operating income. This was despite relatively flat steel scrap prices (priced $300-360 per ton during 2018). This was mainly on the back of higher VOLUMES in steel scrap and capacity additions. That capacity is still available today but has been underutilized.
In 2019, the tariffs on Canadian and Mexican steel and aluminum were lifted under the USMCA. In 2020 Trump briefly placed on aluminum tariffs back on Canada before pulling them again. Then the Biden admin weakened the impact of the tariffs further through strategic exemptions for Japan, Europe, and the UK, and allowed Chinese shipments of steel as long as it was "melted and poured" in the US, Canada, or Mexico. China took great advantage of these re-routing semi-finished steel through Mexico to avoid tariffs, and Biden admin had to crack down again in July 2024: [https://www.swlaw.com/publication/new-tariffs-and-metal-melt-and-pour-requirements-implemented-to-prevent-chinese-circumvention-through-mexico/](https://www.swlaw.com/publication/new-tariffs-and-metal-melt-and-pour-requirements-implemented-to-prevent-chinese-circumvention-through-mexico/)
Ultimately, volumes fell at RDUS and then eventually scrap prices went into a deep bear market 2019-2020 where they went to the $200-300/ton range. Furthermore, RDUS had previously sold a lot of scrap from the US to China for processing, and this was effectively shut down in the wake of the 2018 tariffs, so the company had to find alternate buyers, domestically and internationally and volumes suffered.
This time around, Trump has announced a 25% tariff on all steel AND ALUMINUM imports, with no exemptions for Canada or for semi-finished steel that is "melted and poured" in the US. These tariffs will take effect on March 12, 2025. Importantly, this tariff also applies to steel scrap, and does not allow for imports of scrap for EAF processing to get around tariffs. This means that a domestic producer of scrap like RDUS should get a boost.
Steel scrap pricing has already been doing better and has been back in the $300-360/ton range which enabled RDUS to produce good profits in 2018. Combined with tariff effects, I think the volumes should boost and capacity should get fully utilized, pushing the company back into profitability and maybe back into that 10-20% ROE range.
The company is currently producing around 4 million tons of ferrous scrap per year, and has capacity for 5 million tons. If pricing gets to $360/ton, this could be over $1.8 billion of revenue from the ferrous scrap division alone.
The downside:
There is a risk these tariffs could backfire. RDUS still sells about 55% of its scrap internationally for processing, mostly to Bangladesh, Turkey, and India, and they would have to reroute transportation to get their scrap to US EAF mills in the midwest and east coast of the US to take full advantage of the shift these tariffs represent. Since they have a lot of facilities in the Southeast, these may be easier to reroute. There is limited takeaway capacity and higher transport costs from the west coast to the Midwest and East Coast.
At a P/TBV of 0.68, I think the scrapping plants are already below replacement cost, so there is a limit to how low the pricing gets.
The biggest issue is the debt, and they have $400 million of debt, most of which is held under a credit facility with an interest rate of over 8% currently. This is a pretty steep cost of financing and they paid over $30 million in interest expenses in the last 12 months on this. They have up to $800 million available on the credit facility, so I don't think there's a major liquidity issue for them on the horizon as long as the bank keeps the facility open.
They also have operating leases on some of the scrapping facilities, scrapping machinery, and offices, though they do own some proportion outright. Currently carrying value of the operating leases is around $160 million, with an average lease life of 8 years.
The base case:
I think there's a good case for a re-rating to closer to 0.9-1X book, if the company can get back to profitability on increased volume and a continued fair to strong scrap pricing environment. I've mostly focused on the ferrous scrap environment, but the current tariffs are also much more significant than anything we have seen in aluminum markets, so should really benefit non-ferrous scrap as well. If the company gets to a 0.9-1X book, this would be a market cap of around $480 million, or a $17.30 share price.
I think the primary reason this is overlooked is there is only 1 analyst covering the company nowadays and the conference calls are a ghost town. However, there was a small pop on tariff news and if I am right on the thesis, we should know pretty quickly in the Q2 earnings and conference call.
The best case:
If US scrap pricing improves and US EAFs have to ramp up production to overcome reduced imports, US based scrappers could do really well. I think RDUS could get back to the $200 million operating income range. At a 6X EV, that would be around $1.2 billion in EV. After $560 million in debt and operating lease liabilities, that leaves a $640 million market cap, or a $22 share price, compared to the current $12.65 share price, for 74% upside.
At the $12-13 range, I think its a decent value with some downside protection from replacement cost of the owned scrapping facilities. It has some upside with optionality if things go well in the domestic steel and steel scrap market, as well as domestic non-ferrous scrap markets. | r/securityanalysis | post | r/SecurityAnalysis | 2025-02-16 | Z0FBQUFBQm9OZU1CVkZ6eEdvTG4yZFh1bFpEZV9oZkxMd0czMzN4ckVYZnEwaUotdnFzYXVsY1JtZUR5cS05N1VHZG1MODlYb2hRNW4xZjRJUFB2WlVVQ09UemMtWGFtTFVSZ2FFd0E2My1wdVV3Z0VoZTF4V2c9 | Z0FBQUFBQm9OZU1JWjcwWDZkdmhsUWdNcEtzVWNHUlU2eklDdW1SeUp0cVVZS3BOQWxIdHV0Z3BKdmV2djRYQTRjaUY2bjE2TnhQb3hnQ1FSQlBLWTFTTFRxd0pCSkxTOFdzWGlFd2p4U2twcTVOOEhtT0l4U0Z5ME4xWW1qdE5kM3ZyYl9uR2QtWUljLS1tZkhvZ285Mm13VXcwUEtMRmZrU183ODVVMi1ScGd4eDN0eDFoSExIdEJsb3pIMktsNFRDUk9VR19VTGVH |
Hey everyone,
I used to rely on WyScout for football (soccer) data, but they recently changed their plans and pricing. Now, it seems like you can mostly access videos, but the data, search, and analytics tools are either gone or locked behind a much more expensive tier.
I’m looking for a large and reliable database with comprehensive stats, ideally including leagues like the Moroccan league. Does anyone know of good alternatives that still provide in-depth data, player metrics, and scouting tools?
Would love to hear your recommendations! | r/sportsanalytics | post | r/sportsanalytics | 2025-02-16 | Z0FBQUFBQm9OZU1CV0lmdHRzX25SczdWSkNzQkpjUVVJbUx2RkFQV3FlV2pVZEJYZnJFdm9vQVZTbXlSeWxBc3c0UEY2enp1RS1Ed0NtNS1OY0xOT3VvUFYtUW1wYlQtRkE9PQ== | Z0FBQUFBQm9OZU1Jcko3UUV1N0s2V0l4eXdncWxLWUxRSUpXOW1IeS1Kb1lyRWU5RlM5R3QwWThsbG9DdkkzM0lzdHVLUDM5aFZLUUctbmZvQTNMUkxsbmdDSHhReHViYVJRbnZIQjQ2cXoxd2tqeTZ1SlJvRUU2ME90bldoV3lmUFVKTks2em5ueHBoMmVaTjJyUE03X1FsOEZWdTFzclBHUWU1UVlkWmVmS3NndnNvMXFwazN2bVBtVFl6Y2xRd3Q5NW13TEFfV3lZMlY4eWV4RW4ydTZ0S2lMdE5nQ2FpQT09 |
Just getting started in sports analytics and wanted free data to try analysing. I know that FBRef used to be free but is more difficult to get data from now. StatsBomb releases data for free from time to time. Is there any other source? | r/sportsanalytics | post | r/sportsanalytics | 2025-02-16 | Z0FBQUFBQm9OZU1CcGNqdWVVVkhVLTFLSWNvSlJ1Vy1iRlVyblowRUw5Qy0yOWFZQWphNUhFTVkwTExYS2Viem1Xb0gzTDNJYTRlZXRaWGQwclkwMlliY1ktME94MDJGT0tsbHc5c3RtQ1VHdEQxMWY3ZVUzNlk9 | Z0FBQUFBQm9OZU1JcERxcEplNTBNMjhVUE1jMlByd3VxbWRuYy1ESGl5Y1ZlcmJfMGVsNjRWTkVDWDhtdGtoLVg2YTZ2Wk1tUVB1bkt5TDU4U0tsYU5QRlRSdHJrblkydlhUczEySDJTcjV5ZTM0bVhQRDcwbjBqQ2F2YUlvcXdoVFFoeXZYTjYwRVhMdDB5UlJESFpTNkVLeWVtOUpUbWc1S0ZUMVRaWV9qeVBkekpKZGFTeHcwYUVXSkFRZ243Vk1WbEJyWGtTUzRyVHF0V2R3T2t3YUQ3VXp0S2hQSlJsZz09 |
Had a look at the TAV Havalimanlari Holding AS:
100bio TRY market cap, 35bio net debt and 16bio EBITDA. Looks okay at face value. But are these peak EBITDA values? Or should we be closer to the 30% mark? Operating cash is very choppy. And what's driving the growth in revenue? The devaluation of the lira? How does Pabrai communicate about these companies and their prospects and risks? You can't even get a KIID googling the name of the fund. This would be a pass for me. | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-16 | Z0FBQUFBQm9OZU1CQjc3cTBiTG5Ga1R5bkpzMVE2eHpSWHpIaWtRbWd5MjVoWGhQYjRGZ3drMDkwTXJoQ1RDNzJhd0dHc2RkYTFkMTFkZjdwREtxYjJBYnZCY2daWVRianc9PQ== | Z0FBQUFBQm9OZU1JV0gxZjFOajZXbnhjbUxTZFZtZmxxUjBnWlp6QWk0cjlmVDdLWUt0MUY1QVVjSXJvc2U4Yk5PUGFaUklVNDR2cHBleGQyX0didE1WaHQzWVpVOU1XY2tWVmdUd2tHb09RWlB6V2dzYXVVQWlKVUZ6ZUNOSnAtS0ZKN3Zxa1d5dVRINW1STnozMmhBckE4NFh1M19xd3NjWGI3SVJvQUpkU1R1bGVsdTV1N0RyWHdIY18yUGd3QmwxQmY3TjFiOHdp |
Anyone got the source letter/presentation? I agree that performance is not that great, but considering how much EM he's got and how little FAANG, not awful either | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-16 | Z0FBQUFBQm9OZU1CWTczdkNVaDloSjgyWjAtWXhtV1kxX0pMdUJLOVdTUnVwcEJlWWpuNkd4LWJ0Qnd5SnIzS1hqemRNeE90aE5GSjJ6Tld1TmVZSTl1RnBjRXQ1LUpXWWNfUFpfNlBzMllZekV1VTlsUFNYNlk9 | Z0FBQUFBQm9OZU1JVlJjSEdSMTU5M3p1amtfR2M5STRoM0lNbnlUSWdyU2w5M1RNZkZ1M2VraDR5MzBONWF4ckhfa3ZRUk91N3ctSG9OcTZXMlp2WXdIMEpzUGZLdjA4NmFRRGFOeENFcmNTVWJicHRZVEM2anpqYnlUMUxwNV81dWFpZjdLRzVTR3FVVXQ2WnBCdm5QVTlKTWhIWTZVUGpXX2lwVjUtRDdrajVTQ3BsT05wbUFhUFFrRmJJMHdyMHZ2SkxfUURENUV6ZVFPemlkYWFzZ0VBczYwRnJ4anZVOGtPZVRlSjk3VWJwVDY3MXBjdXhYdz0= |
the ultimate grifter | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-16 | Z0FBQUFBQm9OZU1CaWpscm11bnlBQ3FlajBXbnlGaUZCN2ZMTml1V28zcHQ5d25lOVpuei1XQU5oT25ZVFY5LUJtUVprMHQyd01yN1Y4N05mSFJzRlJHX1pLZXFfTDdabDJiVnd2WDZlaEtaQlh5bkRZekVEZWc9 | Z0FBQUFBQm9OZU1JVWc1Ni02SjFEdHNNbkQ4ME81R2VidzY4SXBDdXpWQU16Q2pzeVRQcmdKQ05QSWc1LXVoS0Rnd1BfdlVpUGdvVDNIcHV4cHFqNHVpSFRYZnVQLS1rRXBoTEpNc1NsU1RMYll4S0FjbkJGVi1OdVZpaVdkQTRNQVhpdE91cjdHaHpkTm1ubUtENEhvUzV6Zmtja1ktWnhQUWladlU3eWdSTHNETF9kWnk1TDN6eFBFN3hKTXZwMFhZVjFfbWJfeTNnTlg4VUI5ZEFvU2doT1E3eGoycm9QN09WcF9NdHJ5dWxsc0RXVTZWYXFEZz0= |
His big bets in Turkey and India seem to have paid off. I wonder why he has underperformed. I know his Micron, Tencent and BABA investments haven’t been very successful. Any other major bets that didn’t perform well? | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-16 | Z0FBQUFBQm9OZU1Cbmt2WTg2RzFFaFR5ck1OTFQxMTF5a0Q3X3NxS1hiSGE3VmRjdDJnc3ZPQUR1NWdoZzhRQUdyVU1oTEREVmZsekhTTDVYMmhDNU5NWEFtSHl2UTQ4b0E9PQ== | Z0FBQUFBQm9OZU1JczVzUk9BUFR4SExEY253Q09lVFZyaDVuNmNsVlQ4SDFPdlpIRG81Z3BqOHF2X2REeGRLejBTR2lzc1AxcUYxNWk1M01sM3E5QmZiZmhjRk5PdmRKSUNKbTFZZGF6MEdMbXBEVGNkb3FCS0dnOVZ4LTdSeC0zcUpQd2gybjlQZ1V5d3RXXzRuSVNISTE2eFlfTmROSzR5YnpCQXBNU05zNTNlMVJlUXNramlJd24yRTBIWVZYanZrQjkyNXlKZ1NXVF9DSF91eTR2TjJ2cW00eWk1TjRGMklrbnpPTVVmVjQ3bktSOUNya0tfWT0= |
Reversion imminent 😂 | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-17 | Z0FBQUFBQm9OZU1CMUtFaHF6ejRjNWw2UUw1SVVUSTNFOU5rTFFCejFfX3pqVU9WMThrRXBBdmlHalhWbmRmUWVfOWtUbHFtY2tTZkVkNmZRODU1V0FPWk5CTWhtYmJnZmc9PQ== | Z0FBQUFBQm9OZU1JNkpuVFNSUGVzQ1NPUlRXeDZCMUlmWjFMRDdaNjhvTHFyRng0WHJRblBmdXA1WVM2RmdyS0dPc2RfcVRtVktmREVac0t0WVlVTnBEUGRzMTVXTUJUUFZXbzhJWkNHM1d4bDJsSWFLTlBud3N1T2k1b3BBMW1ZamNyd0JtYU5RTmZBbVpCRTcxQWZwcHR3NklNelNNSnlXVkRFUVIyRTROUXdBOU43NDJHU09pa0dSVjVtbnFtaDVUVXVPZll4eExmQ2hRNmx0ay1RY3VxdmNTb04xRUVHSV9xN285WDNQRnozZlZmVmFLN0k3ST0= |
Op please post full slides | r/securityanalysis | comment | r/SecurityAnalysis | 2025-02-17 | Z0FBQUFBQm9OZU1CTmM5b1VzamtNYVhRd1RxMWdnLUpzT2FnSm10a2JSS3RiNzdLWkdLdFFMUkVGSXJpYVhPN2d0MG9yQXl4LXlITGpIdVV5V1RCMHdaYW1TR0h5ZzZlanZwYkJ1QThxTFk2b3hacnZNcFNqTk09 | Z0FBQUFBQm9OZU1JcHkzc1ZWNVFyYW1DSnB6T19rTXZFYWc2VGd0MjR0Vmk5Y0FOYVpjUWhiSlpuZ015TUFXakYtRnhZUmJfWHZHSkI3b2RwaUsybEZ4TkQzRzM2N2NIZHhBX19CWVktaUhnX0s1cDVjNDZZTkhoa2lXTmFFLVhQSE1XSk9RNFBYRlNPQlYxNkhPMnFjZEdySUlPTkRLU0FSV0daMjd6U3owWFd5eVJyXzZ6dmxkMnZRU0Z6c2lvc1dPUXl6WDBnR0V0 |
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