TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>Snap had yet another earnings related meltdown as management has lost all credibility in forecasting its business. </li>
<li>Because co-founders Spiegel and Murphy have 99.5% voting shares, there is not an opportunity for an activist to fix the situation like Pinterest and Twitter.</li>
<li>The issues plaguing Snap are likely not hurting META as much given a broader ad base, better ROI on its ads, and a mgmt team that has already guided down.</li>
</ul>


Snap had yet another earnings related meltdown as management has lost all credibility in forecasting its business. 
Because co-founders Spiegel and Murphy have 99.5% voting shares, there is not an opportunity for an activist to fix the situation like Pinterest and Twitter.
The issues plaguing Snap are likely not hurting META as much given a broader ad base, better ROI on its ads, and a mgmt team that has already guided down.


Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>
Delaware Chancery Court rejected Elon Musk's excessive demand for more time to support his dubious claims against Twitter than he took to create and ram through his hostile buyout.</li>
<li>
Twitter's solid legal case against Musk improves odds the sale of the company could be court-ordered before year end.</li>
<li>If so, this is by far the best outcome for Twitter's wary bondholders.</li>
</ul>



Delaware Chancery Court rejected Elon Musk's excessive demand for more time to support his dubious claims against Twitter than he took to create and ram through his hostile buyout.

Twitter's solid legal case against Musk improves odds the sale of the company could be court-ordered before year end.
If so, this is by far the best outcome for Twitter's wary bondholders.


Finally, Hopeful News For Twitter Bondholders: Court Grants Fast-Track Trial Against Elon

<ul>
<li>TikTok's business model advantage: short form video creates greater signal for algorithmic addiction is forcing rivals to react (where possible).</li>
<li>META is best positioned to copy TikTok, and is trading at a valuation approximating cable networks during cord cutting.</li>
<li>Netflix is worst positioned... as YouTube, Instagram, and Snap incorporate TikTok's short form video, more attention will be drawn away from the streaming services. Tough spot to be in.</li>
</ul>


TikTok's business model advantage: short form video creates greater signal for algorithmic addiction is forcing rivals to react (where possible).
META is best positioned to copy TikTok, and is trading at a valuation approximating cable networks during cord cutting.
Netflix is worst positioned... as YouTube, Instagram, and Snap incorporate TikTok's short form video, more attention will be drawn away from the streaming services. Tough spot to be in.


<ul>
<li>
Tesla announced 3-1 Stock Split in a down market plus a surprising board shakeup as Larry Ellison quietly exits. 
</li>
<li>Is this another red flag with Elon's troubled funding for his messy Twitter buyout?</li>
<li>If so, this could trigger a stampede to the exits for already wary investors in Elon's now comically overpriced hostile buyout of Twitter
</li>
</ul>



Tesla announced 3-1 Stock Split in a down market plus a surprising board shakeup as Larry Ellison quietly exits. 

Is this another red flag with Elon's troubled funding for his messy Twitter buyout?
If so, this could trigger a stampede to the exits for already wary investors in Elon's now comically overpriced hostile buyout of Twitter



Plunging Tesla Stock to Split 3-1; Larry Ellison Chooses Now to Leave Board—and Twitter Deal?

<ul>
<li>
Elon can't get out of his stupidly overpriced, but solidly binding agreement to buy Twitter. But he can tie it up in court indefinitely. </li>
<li>Meanwhile, Twitter's prospects for operational improvement are mixed at best.</li>
<li>Twitter is left in limbo, as are its investors. What should bondholders do?
</li>
</ul>



Elon can't get out of his stupidly overpriced, but solidly binding agreement to buy Twitter. But he can tie it up in court indefinitely. 
Meanwhile, Twitter's prospects for operational improvement are mixed at best.
Twitter is left in limbo, as are its investors. What should bondholders do?



Elon's Trying To Get Out Of Buying Twitter—As We Knew He Would

United States

Twitter, Inc. provides online social networking and microblogging service. The Company offers users the ability to follow other users activity, read, and post tweets. Twitter serves customers worldwide.

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Twitter Inc (TWTR US)

Snap 2Q22: Why We Buy Meta

Snap caught 14 downgrades. Astonishing, but deserved for a management team that has no handle on its business. Snap still has a healthy user base...

Aaron Gabin

Finally, Hopeful News For Twitter Bondholders: Court Grants Fast-Track Trial Against Elon

Elon had demanded 2-3x more time to support his dubious claims of securities fraud against Twitter than he took to commit securities fraud by...

Vicki Bryan

TMT Pre-2Q Earnings: The TikTok Impact

TikTok is wreaking havoc on the advertising and streaming ecosystems by stealing attention. META is best positioned to respond, NFLX is least well...

Aaron Gabin

Plunging Tesla Stock to Split 3-1; Larry Ellison Chooses Now to Leave Board—and Twitter Deal?

Tesla announced 3-1 Stock Split in a down market plus a surprising board shakeup as Larry Ellison quietly exits. Is this another red flag with...

Vicki Bryan

Elon's Trying To Get Out Of Buying Twitter—As We Knew He Would

Elon can't get out of his stupidly overpriced, but solidly binding agreement to buy Twitter. But he can tie it up in court indefinitely. What...

Vicki Bryan

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