“bought by a company called ATI which is listed on the New York Stock Exchange. Eli Lily has come out and made a bid for that company... I think it severely undervalues the company... if someone else c”
Eli Lilly is scooping up ATAI for $6.75 per share plus a $2.50 CVR, creating a deeply discounted arbitrage play with potential for a higher bid.
“I just looked up the MAG 7 performance... investor fatigue setting in with the whole tech thing. There's an understanding that these companies are moving from being cash flow positive... to being gene”
A record $200 billion in AI capital expenditures is dragging Amazon into negative cash flow and exhausting investor patience with the stock.
“in some cases maybe Oracle in a pretty precarious place and an understanding that there is no real sign that they're going to make any money out of all the expenditure they're making.”
Oracle bleeds $23.7 billion in negative free cash flow as the tech sector pivots to unprofitable AI business models with no clear path to monetization.
“I just looked up the MAG 7 performance... investor fatigue setting in with the whole tech thing. There's an understanding that these companies are moving from being cash flow positive... to being gene”
Google is incinerating cash on AI infrastructure to the tune of a $5.9B deficit with zero proof of profitability, dragging its historic model into the red.
“I just looked up the MAG 7 performance... investor fatigue setting in with the whole tech thing. There's an understanding that these companies are moving from being cash flow positive... to being gene”
Meta is torching its cash-flow positive model by doubling its 2026 CapEx to $145B for AI, with zero proof this massive spending will ever turn a profit.
“Microsoft as being a great exemplar and it is. It's a compounding company, but it could just tread water for a couple of years, if not more. Yeah, this business model, the core business model could be”
Microsoft torches its core business model by sinking $190 billion into AI capital expenditures that drag the tech giant into negative cash flow territory.
“Maybe it's the safe haven in the tech area and the fact they didn't spend and they're not spending. I think their capital expenditure this year is onetenth that of of um the the other mag seven compan”
Investors reward Apple as a tech safe haven because it dodges the cash-burning AI arms race by keeping capital expenditure at one-tenth of its peers.
“UK North Sea companies will probably gain tax advantages will be allowed to drill more... So you're looking at companies like Ithaca as an example um being which are big companies or uh being attracti”
The UK government is relaxing punitive drilling rules, allowing North Sea producers like Ithaca Energy to unlock $320M in tax advantages.
“we're probably towards the upper end of the range at the moment. So bonds are a buy and um I would only buy the longdated ones because you don't get sufficient leverage on the short dated ones.”
US wage growth dropping below 3% kills the inflation narrative, meaning government bonds hit the ceiling of their range and offer a massive buying setup.
“The Japanese will, as they always do, stampede back into their own assets... and that will improve the value of the yen... we could see 110 to 120 on the Japanese yen against the US dollar.”
The Japanese Yen will surge to 110-120 against the dollar as the government forces domestic investors to stampede their massive overseas wealth back home.
“plenty of gold miners out there which are making very large profits... all in sustaining costs of the production generally speaking around $2,000... generating huge amounts of cash... buy the gold ETF”
Gold miners are printing massive cash flows because their all-in sustaining costs sit around $2,000 an ounce while gold prices hover near 4,000.
“I own a which I've owned for a long time something called metals expiration... and that looks very cheap um very leveraged to the price of gold.”
Metals Exploration mints massive cash flow with production costs around $2,000, offering a dirt-cheap 5.0 P/E ratio to play the ongoing gold boom.
“I own Equinox which is a company that sort of morphed and it's a very big Canadian producer... if I said said it was selling at three times cash flow. I think that's pretty accurate.”
Equinox Gold prints massive profits with production costs far below spot prices and trades at an absurdly cheap valuation of just three times cash flow.
“UK smaller companies are extremely attractive... we're talking there about P ratios of between 10 and 11, free cash flow yields of about 9%, dividend yields of 4 to 5%. It's extraordinary attractive.”
UK small caps generate massive value right now, throwing off 9% free cash flow yields while acquirers snap them up one by one.
“Tokyo market could having been morabund for the best part of 30 years actually double from here again and but it has been quite strong already... the Japanese market's still not very expensive.”
Japanese investors are stampeding to repatriate capital from declining overseas markets, setting up Tokyo's inexpensive domestic equities to double from here.
“Chinese stocks are very attractive at the moment. They're a fraction of the cost of comparable US stocks... the Chinese government actually realizes that these companies are overcompeting with each ot”
Beijing is actively stepping in to kill vicious price wars, letting you scoop up Chinese equities at a P/E of 10 while US stocks trade at 25.
“gut feel is that that we're on a downward trajectory at the moment... gamification of the US market... margin debt is at an all-time high.”
Retail gamification on apps like Robinhood pushed US margin debt to a record $1.53 trillion, setting the heavy S&P 500 up for a painful downward trajectory.
“there is going to be a huge outflow of unlocked shares as soon as he produces his first quarterly results which is very very soon now. So I can't see any reason why SpaceX would go up from here.”
Elon Musk only floated 3% of SpaceX shares, setting up a 911.5 million share lock-up expiration on August 6 that will flood the market and crush the stock.