ASR

D_Pablo67

Emerging Markets Ex China (EMXC) is my favorite non US investment. ASR and PAC are both airport ground ops and concessions companies in Mexico with monopolies and stream revenues. Banco del Crédito de Perú (BCP) is the largest bank in Peru, which solid revenue and earnings. Newmont Mining is my gold stock. Agnico Eagle is also good. GLD and GDX are gold and gold miner ETFs. If you believe in digital assets, I would invest in companies that use it for payment rails like Sofi. Bitcoin tends to trade in sync with the NASDAQ 100, but also a month ahead.

Capital-Row6633

Am I missing something, or is $HTZ just not what people think it is? Sure Q2 ER showed better than expected results so I would expect 20-30% upside movement as the stock was already bottoming but has anyone actually read the S-3ASR filing before piling into calls? Yes, Knighthead/Certares (\~59%) and Ackman's Pershing Square (\~19.8%) control \~79.8% of the company. But separately, as part of the $350M exchangeable notes deal in late June, Hertz lent roughly 37 million shares to J.P. Morgan Securities which was delta hedged via short sales. This is 1/3 of the current float which I doubt will be covered due to a short squeeze Another thing to keep in mind is that just a day before earnings call, Hertz was officially removed from the S&P SmallCap 600 index which is the exact reason why it dumped to $1.50 range right before earnings amidst the sell off by mutual funds and etfs. There was also another class-action lawsuit against Hertz filed on August 5 which allege that Hertz misled investors in May about their liquidity right before suddenly dropping the dilutive $300 million note offering and slashing guidance in June. What prevents them diluting the shares even more? With that being said, HTZ was undervalued at $1.50 due to mutual funds and etfs selling it off due SmallCap 600 exclusion so anyone who got under $2.5 is in a good spot. But I highly doubt that this short squeeze will live up to the hype and anyone chasing the momentum at $3+ per share is taking on massive risk. Sure it might keep skyrocketing but I would rather wait and see how it evolves even if it means missing the pump phase Update: Seeing how current CEO is under SEC investigation for fraud in turnaround figures in previous earnings and stock being heavily botted in the first 3 hours, I really don't think this is going to play out the way people expect

Capital-Row6633

its funny how everyone conveniently fails to mention that as part of the $350M exchangeable notes deal Hertz itself lent roughly 37 million shares to J.P. Morgan Securities so they could hedge their positions via short sales. Check the SEC filing (S-3ASR), its written in plain English. So in the end we end up with almost 1/3 of the short float being a delta hedge. None of this means a squeeze can't keep running, but its vastly different from 79% short float. I would keep an eye on NXTC rather than htz

Capital-Row6633

Appreciate the diamond hands energy, but its funny how everyone conveniently fails to mention that as part of the $350M exchangeable notes deal Hertz itself lent roughly 37 million shares to J.P. Morgan Securities so they could hedge their positions via short sales. Check the SEC filing (S-3ASR), its written in plain English. So in the end we end up with almost 1/3 of the short float being a delta hedge. None of this means a squeeze can't keep running, but its vastly different from 79% short float. I would keep an eye on NXTC rather than htz

spicykimchi_inmybutt

seeing folks say DRAM is down because it tracks the KOSPI SK but shouldn’t it still track the implied value based on ASR price movement? Genuinely confused how the ADR can be up 10%+ and DRAM is shitting the bed

SpiritedVoice2

In my opinion there's is much less of a moat for Voice models due to the lower computational complexity of training and running them.  Additionally the field is moving fast and any edge a company may have today could quickly be swallowed up. I wonder what could set $SOUND (or any company in this space) apart longer term. Take a look at Nvidia Parakeet - high quality open ASR model trained on just 128 GPUs - orders of magnitude less than any commercial LLM. https://build.nvidia.com/nvidia/parakeet-tdt-0_6b-v2/modelcard?utm_source=chatgpt.com In the conversational space here is a good indication of where things are heading ... https://research.nvidia.com/labs/adlr/personaplex/

data-with-dada

PLANET FITNESS to the moon thesis below. Yes I used Claude but with the direction of a data scientist like yours truly, you are in good hands. PLNT — Optimistic Thesis to May 15, 2026 Current price: ~$73.32 | All-time high: $113.55 (July 2025) | Analyst avg. PT: $116.93 The Setup PLNT closed at $73.62 on March 13th, sitting nearly 35% below its all-time high from last July. That’s a significant dislocation in a company that — by most fundamental measures — has been executing well. That gap is the core of any near-term bull case. What the Fundamentals Actually Say Full-year 2025 revenue was up 12.1% to $1.3B, adjusted EBITDA climbed to $551.6M, and the company ended the year with $607M in cash and marketable securities. System-wide same-club sales rose 6.7%, memberships grew by roughly 1.1 million, and 181 new clubs opened. Q4 specifically beat on both lines — $0.83 EPS vs. the $0.79 consensus, and $376.26M in revenue against estimates of $366.48M, representing 10.5% year-over-year growth. The business itself isn’t broken. The stock has pulled back on sentiment, not fundamentals. Catalyst #1: Q1 2026 Earnings (likely before May 15) Q4 2025 was reported February 24th. Based on historical patterns, Q1 2026 results will almost certainly land in late April or early May — right inside the window. The company has beaten EPS estimates consistently in recent quarters, with Q1 historically benefiting from New Year’s resolution membership surges and peak season dynamics. If that pattern holds and they reaffirm the 2026 growth algorithm, the stock likely moves meaningfully higher. KeyCorp issued fresh Q1 2026 EPS estimates on March 11th, suggesting analysts are actively resetting expectations ahead of that print. Catalyst #2: Black Card Price Hike Planet Fitness is raising the Black Card price to $29.99 post-peak season in 2026. Black Card penetration already sits at 66.1% of their 20.8 million member base — up 300 basis points year-over-year. That’s roughly a 20% price increase flowing through to roughly two-thirds of members. The margin math on that lands almost directly on the bottom line, and Q1 earnings will be the first place it shows up in guidance commentary. Catalyst #3: The CFO Noise is Actually an Opportunity — And Today’s Board Appointment Directly Addresses It Jay Stasz departed on March 9th, but the company immediately brought back Tom Fitzgerald — the former CFO from 2020 through 2024 — and reaffirmed 2026 guidance without modification. Fitzgerald’s prior tenure included guiding the company through COVID and executing the acquisition of one of Planet Fitness’s largest and best-performing franchisees. Then, on March 16th, Planet Fitness appointed Harmit Singh — the sitting Chief Financial and Growth Officer of Levi Strauss & Co. — to its Board of Directors, effective immediately. Singh brings over four decades of global finance and commercial leadership. He led Levi through its 2019 IPO, oversaw M&A and corporate strategy, and drove roughly 200 store openings over the past five years. He currently oversees finance, investor relations, franchise expansion, and corporate strategy at a publicly traded consumer brand of comparable scale. This is not a routine board appointment. Adding a sitting Fortune 500 CFO to the board one week after your own CFO departure is a direct, deliberate signal — management is telling the market they are shoring up financial governance at the highest level. It de-risks the CFO search narrative significantly, and it brings exactly the kind of franchise expansion and investor relations expertise that Planet Fitness needs as it pushes toward its 5,000-location target. The market sold off on the CFO headline. The bull case is that the board is now better positioned than before the departure, the overhang resolves when a permanent CFO is named, and you’re holding a stock that sold off on a personnel change while guidance and governance both remained intact. Catalyst #4: Buybacks Actively Working Planet Fitness entered a $350 million accelerated share repurchase agreement with Citibank, with settlement expected no later than Q1 2026, and authorized an additional $500 million repurchase program effective upon completion of the ASR. That’s $850M in total buyback capacity being deployed at current prices. Management is explicitly telling you they think the stock is cheap. Where Big Money Is Positioned Jefferies reiterated Buy with a $175 price target. KeyBanc just initiated with Overweight and a $100 PT. Wells Fargo also just initiated with Overweight. On March 10th, Morgan Stanley reiterated Overweight and TD Cowen maintained Buy — both flagging the CFO transition as manageable, not structural. The overall analyst breakdown sits at 3 Strong Buy, 11 Buy, 4 Hold, and 1 Sell, with an average price target of $116.93. Against a $73 stock, that’s roughly 59% implied upside from consensus alone. On the institutional ownership side: Norges Bank entered a new position worth roughly $116M in Q2 2025, Ninety One UK boosted their stake 20% in Q3 adding over 577,000 shares, and Gotham Asset Management increased their position by 33.8%. These are large, research-driven institutions adding at prices above where the stock trades today. The Macro Angle PLNT’s $10/month basic model is effectively a recession-hedge. In a choppy macro environment where consumer spending gets squeezed, people downgrade — but they don’t cancel a $10 gym membership. The company has 20.8 million members and management sees potential for 5,000 U.S. locations long-term against a current footprint of 2,896. There’s a lot of white space left. Risks to Acknowledge ∙ Q1 earnings could disappoint if membership churn picked up post-New Year. Easier online cancellations could weigh on net adds. ∙ The permanent CFO search is still unresolved. Singh on the board helps, but some institutional capital may stay sidelined until a permanent hire is announced. ∙ The stock dropped 35% from ATH for a reason — it ran hard in 2025 and is digesting that move. ∙ No confirmed Q1 earnings date yet. If it slips past May 15th, the primary catalyst window is gone. Bottom Line The optimistic case is getting stronger, not weaker. The fundamentals held up, guidance was reaffirmed, and in the span of one week the company brought back a battle-tested interim CFO and added a sitting Fortune 500 CFO to its board. Big money is positioning at current levels, buybacks are happening in real time, and a meaningful earnings catalyst almost certainly lands before May 15th. The stock is pricing in execution risk the underlying data doesn’t support. The average analyst thinks it’s worth nearly 60% more than it trades right now, and the governance moves announced this month suggest management is actively working to close that gap.​​​​​​​​​​​​​​​​

MitchCurry

Trex looking to take almost 2% of their s/o off the market ASAP. >WINCHESTER, Va. Trex Company, Inc., the world’s largest manufacturer of wood-alternative decking and railing, today announced an agreement to purchase approximately $100 million of its outstanding common stock through an Accelerated Stock Repurchase program (“ASR”) with Wells Fargo Bank, National Association. The ASR is part of the Company’s board-approved $150 million share repurchase authorization. >Under the ASR agreement, the Company paid $100 million to Wells Fargo and expects to receive an initial delivery of approximately 1.9 million shares of the Company’s common stock underlying the ASR agreement. The transactions under the ASR agreement are expected to be completed in the first and second quarters of 2026. >Commenting on the transaction, Bryan Fairbanks, President and Chief Executive Office of Trex Company, said, “Our repurchase program demonstrates our confidence in the long-term outlook for Trex, and we intend to continue opportunistic share repurchases for the balance of 2026, reflecting the growth opportunities we see ahead, current valuations, and meaningful reductions in capital expenditures we anticipate during the year.”

NVDAismyg0d

OMAB, PAC and ASR are going to tank tomorrow. Good idea to load up 

Financial-Rough-763

what is the new? ASR or GME buy PYPL?

Plate_Expensive

Stay international: ASR,grab, maybe meli….fnma, fmcc if US based

kenriko

PC hardware prices are going through the roof (RAM and SSD prices) Apple locks in their contracts for years at a time and they have unified memory that can run inference on big models. They won’t have nearly the component price issues that the rest of the industry does so they have pricing power in the consumer space. I’ve built a system that allows you to run LLMs with all the bells and whistles (tool calls, TTS, ASR) and it runs just fine on Apple laptops etc.. because of the unified memory.

PartyLook9423

IRBT has an ATM going through there filing last year. [S-3ASR](https://www.sec.gov/Archives/edgar/data/1159167/000119312524048072/d754540ds3asr.htm#tx1754540_14) Once the float went above $75 million they were no longer restricted by I.B.6. Which limits their selling to 1/3 of the $100 million stated in the S-3 filing. It's likely the IRBT squeeze was cut short because the company started flooding the market with additional shares through the ATM. However, the extra money might avoid them from needing to declare bankruptcy by Jan 16th. Insiders sold shares the other week. So, if they have completely given up on the company, and then sold their shares, they would be committing securities fraud. It's much more likely they sold while the price was up a little. Sold the $100 mil through the ATM. Now they are going to try their best to make it through the beginning of the year. Trump might do some kind of Robotics initiative that helps them, and it could end up similar to what happen to Intel.

creemeeseason

Ian Bizek posted that ASR bought the rights to operate some new airport rights at 10 EV/EBITDA. CAAP trades at 6.5x right now, with much higher quality assets. Should easily trade over $30, just to achieve parity on valuation.

DaveHervey

Tilray Brands are getting their 'Ducks In A Row' for flexibility for quick fundraising without needing new SEC approvals each time Bullish (bring on Sch3) Short Summary of Tilray Brands, Inc.'s Form S-3ASR Filing (Filed October 9, 2025) This 185-page SEC Form S-3ASR is a "shelf registration" document that allows Tilray Brands, Inc. (NASDAQ: TLRY), a global cannabis and consumer goods company, to register up to an unspecified amount of securities (like common stock, preferred stock, debt, or warrants) for potential future sale to the public over the next three years. Key Purpose: It provides flexibility for quick fundraising without needing new SEC approvals each time, as long as Tilray meets "well-known seasoned issuer" (WKSI) criteria. No immediate sales are committed—it's like pre-approving a "shopping list" of financing options to support growth in cannabis, beverages, wellness, and international expansion. The bulk of the pages include standard boilerplate: company overviews, risk factors, financials (cross-referencing recent 10-K/10-Qs), and legal disclaimers. It's a routine corporate housekeeping filing, not tied to a specific deal. Form S-3ASR for Tilray Brands INC filed 10/09/2025 https://ir.tilray.com/static-files/f976615a-cbac-44f1-b0c7-7ca92ae3a2b9

DaveHervey

Tilray Brands are getting their 'Ducks In A Row' for flexibility for quick fundraising without needing new SEC approvals each time Bullish (bring on Sch3) Short Summary of Tilray Brands, Inc.'s Form S-3ASR Filing (Filed October 9, 2025) This 185-page SEC Form S-3ASR is a "shelf registration" document that allows Tilray Brands, Inc. (NASDAQ: TLRY), a global cannabis and consumer goods company, to register up to an unspecified amount of securities (like common stock, preferred stock, debt, or warrants) for potential future sale to the public over the next three years. Key Purpose: It provides flexibility for quick fundraising without needing new SEC approvals each time, as long as Tilray meets "well-known seasoned issuer" (WKSI) criteria. No immediate sales are committed—it's like pre-approving a "shopping list" of financing options to support growth in cannabis, beverages, wellness, and international expansion. The bulk of the pages include standard boilerplate: company overviews, risk factors, financials (cross-referencing recent 10-K/10-Qs), and legal disclaimers. It's a routine corporate housekeeping filing, not tied to a specific deal. Form S-3ASR for Tilray Brands INC filed 10/09/2025 https://ir.tilray.com/static-files/f976615a-cbac-44f1-b0c7-7ca92ae3a2b9

dvdmovie1

I don't see this happening, but if you think that's where things are going you look at airports (OMAB, ASR, PAC etc), you look at rails (Groupo Mexico w/their stake in Ferromex, CP), you buy Wal Mart de Mexico SAB, you look at industrial REITs in Mexico (FIBRA Prologis, etc.) Again, I don't see this happening (at least to a signifcant degree), but if you really thought this was going to happen to a signficant degree, logistics is certainly an area I'd be looking at.

Feeling-Instance3149

Among other news: "SharpLink Gaming(SBET), a Nasdaq-listed company that is pursuing an ether ETH treasury strategy, tumbled 70% on Thursday in after-hours trading following a fresh filing to theU.S. Securities and Exchange Commission. The company submitted an S-3ASR registration statement, enabling the resale of up to 58,699,760 shares related to its private investment in public equity (PIPE) financing. The Thursday filing allows more than 100 shareholders in the PIPE round to sell their shares, effectively flooding the market and triggering a post-close sell-off,Charles Allen, CEO ofBTCS(BTCS), a publicly-traded firm that's pursuing crypto reserve strategy, explained in an X post and an interview with CoinDesk. The company raised$450 millionearlier this month through a PIPE round from a wide range of investors, including ConsenSys, Galaxy, and Pantera Capital, to acquire ETH for its treasury. Ethereum co-founder and ConsenSys CEOJoseph Lubinalso joined the firm as board chairman. However, there may be a larger strategy behind the latest move. Allen said in an X post that he thinks the company may have quietly raised up to$1 billionto buy more ETH using an at-the-market (ATM) offering that was previously announced in aMay 30SECfiling. "If they played cards right, they would expect a surprise PR tomorrow with$1Bof ETH purchases, which could light the match to reignite the stock," he said. ETH is down 4.1% over the past 24 hours at around$2,650as bitcoin and the broader crypto markets slid."

creemeeseason

I'm partial to airports, OMAB (I own), PAC, and ASR are the Mexican names. CAAP is mostly South America. There are a few others. Absolutely great businesses, with large moats and lots of recurring revenue. Aerospace is another great niche, it sort of gets lumped in with defense since many companies do both.

us1549

Israel wouldn't do this without US support. They don't have the hardware to do it themselves with all the tankers, jamming and other ASR assets required for a strike like this.

onwatershipdown

•My wife was at a music festival she usually goes to year after year. She noticed this year the restaurant was empty and people were eating picnic lunches. •I take decorative plastering classes every summer that usually fill up months in Advance, within 24-48hrs, there are still slots open for courses in six weeks. •some really good deals on vintage Hifi these days, but that is more of a macro trend. All the owners are dying and the kids buy those little ASR incel headphone DACs from Jyna and call it a day.

Hot-Bottle4610

Not sure if my comment will add any value seeing as this is a relatively old post, but hear me out: Been working in IR for over 3 years across 2 major companies, all with publicly listed subsidiaries as well. In that time, I had been tasked to clean up those shitty ass websites and let me tell you: it is a completely insane thing to manage that no one person should do (which happens to be the norm idk). The biggest pain is when the company itself handles all IR-website related stuff instead of 3rd party vendor, because then all documents will have to be collated and accounted for by an already overworked team. The point person handling the website will have to coordinate with all departments, especially Legal, to find out what the SEC requirements for disclosures are. Then youd have to constantly keep updating the website, which means having to rely on the company’s IT personnel for help in updating it (like some sites need to be whitelisted before any updates can be made etc) and most of the time this gets reprioritized at the very last minute. And these updates can oftentimes be subjected to what is legally supposed to show a company to make sure you’re compliant with regulations. And you do these every single quarter. Then there’s the issue of making sure your website is on brand with the company. IR handles the ASR and more often than not, that means that materials and any related visuals must be updated to show the company’s latest reports. And this happens every year, but collation of data for the annual and sustainability reports starts at the last quarter of the year. So if you had been updating the website before then, youre gonna have to update it again in the next few months — so what happens is companies just give up and dump all those filings wherever the minimum SEC requirements deem them appropriate. It’s shitty and I hope IR culture changes because as stewards of the public’s capital, it should be able to make these documents easily accessible.

MitchCurry

You own any (PAC, ASR, OMAB)? Haven't come across too many people who do. Definitely a niche area of investing.

purplecatfishbettie

aside from 'healthcare', one of the things that UAHC purports to be into, is 'rubber from dandelions'... "American Sustainable Rubber Company (ASR) is passionately pursuing large-scale domestic production of natural rubber through genetically modified dandelions to help satisfy America's massive demand. ASR is currently modifying the T.K. Dandelion to support commercial growth and harvesting. Ultimate success in this venture will reduce America's dependence on foreign rubber suppliers, through which the U.S. is exposed to geopolitical risks as well as environmental factors. ASR relishes the prospect of creating a profitable, useful, and environmentally-conscious business model that fills an economic and social need." [https://www.uahc.com/](https://www.uahc.com/) one thing is, dividend investor says that the 'record date' was july 11: [https://www.dividendinvestor.com/dividend-quote/UAHC/](https://www.dividendinvestor.com/dividend-quote/UAHC/) if so, is that some sort of twisted way to get out of paying? ex-div appears to be 6 sep... it looks like marketbeat says record date 9-9, pay 9-5, ex-div 9-6... [https://www.marketbeat.com/stocks/OTCMKTS/UAHC/dividend/](https://www.marketbeat.com/stocks/OTCMKTS/UAHC/dividend/) all in all it looks like UAHC are into 'healthcare, crypto, and rubber processes'... my guess is that the dividend might be on the up and up... but during pay/ex-div/record... somewhere in that timeframe if these dates are correct... UAHC falls back to .01 or thereabouts... good luck! couldn't really look at the other two; couldn't find usa ticker symbols...

That_guy_Garrett

Boards only meet so often and the share repurchase authorization at the end of the quarter had fallen to a level that wouldn’t allow management to fully capitalize on a pullback in share price. Authorization is not the same thing as announcing an ASR or the intent to repurchase shares over a specific period of time. Markets are forward looking and investors are tweaking their models to consider slowing growth rates and managements ability to retain margin as they grow the top line. The smaller beat this quarter is not a real issue. The sell side arrived at a more accurate consensus than prior quarters and that isn’t a bad thing.

creemeeseason

PAC coming into support around $145 looks really enticing. I'm always torn because I think PAC has better airports, but ASR seems to have a better balance sheet. Have you looked into CAAP by any chance?

creemeeseason

Really nice long form write up and valuation of Nubank (NU), found [here](https://open.substack.com/pub/wolfofharcourtstreet/p/nu-holdings-investment-thesis?utm_source=share&utm_medium=android&r=23ti9i). I recently opened a position on the Mexican election selloff. I continue to think Latin America offers a really amazing growth story. They have some of the best demographics in the world, and a long road towards modernization. Of course, the airport stocks...CAAP for more South America exposure is incredibly cheap (though has emerging market risk) and ASR/OMAB/PAC for a Mexican focus. Of course, the gem of indexes lately has been the NASDAQ (or XLE since the covid lows). Here is a [nice](https://www.thornburg.com/article/2024-outlook-emerging-markets-misunderstood-and-mispriced/#:~:text=Contrary%20to%20recent%20experience%2C%20over,behind%20emerging%20markets%20at%207.83%25.) breakdown of emerging markets vs US equities. If you believe the ZIRP era that drove tech is over, emerging markets present a more interesting story again.

Butterysmoothbrain

Cisco sucks. It’ll continue to trade in the same range it has for the past 20 years. Go to r/networking and read the opinions. Nobody’s first choice is Cisco. They’ve completely stopped innovating and have stagnated compared to their peers. Cisco completely lost the firewall market to Palo Alto and Fortinet. Every acquisition they make underperforms, ie: Meraki’s cloud managed offerings getting smoked by Juniper Mist, Webex (lol) getting smoked by Teams and Zoom, Duo getting smoked by Azure MFA. I guess OP’s post was about them benefiting from infrastructure spending, but I doubt Cisco is anyone’s top choice in default-free zone internet routing either. Usually you see Arista, Nokia, Juniper mentioned more than Cisco’s ASR line. Cisco is a good investment if you want to sell it in 10 years for the same price you bought it for. To be fair, I guess that means it’s better than what 99% of us are buying instead. So fuck it, buy boring ass Cisco.

creemeeseason

Found a little [update](https://open.substack.com/pub/bosinvest/p/all-mexican-stocks-part-3-bigger?utm_source=share&utm_medium=android&r=23ti9i) on some Mexican stocks. I was mostly into ASR, one of the three airport names. It's worth a read.

Magesunite

GOLD, BRK.A, ASR, CMG and SMR all on indefinite halt... what's going on NYSE...

Linkaex

What dip? NVDA, ASR and ASML are stil green today

Historical_Air_8997

I’m currently 5% VTSNX (cutting down to 2.5%), I don’t really have an interest in the index and I’m young with high risk tolerance. However, I have around 7% in individual companies that are international which I want to increase to 15%. Includes TSM, ASML, SPOT, MTY, ASR, MELI, and CNI.

thelastsubject123

stock buyback does not mean they are obligated to fulfill it, rather they can if they want to. they can choose to execute 0 share buybacks if they want to and just let the authorization expire this is different from an ASR- accelerated share repurchase where the company announces they recently spent X billion to acquire shares- an already done deal.

creemeeseason

OMAB, PAC, ASR....most Mexican airports are operated by publicly traded companies.

creemeeseason

Some info about the Mexican airports....heard an interview with Ian Bezek, one of the big airport bulls. There was this exchange: Like you mentioned, there was a sell-off a couple of weeks ago because the government, the full details are now that the government wants to lower tariffs, the fee is about 5% to 8%, which would kind of reverse. In 2020, the airports got higher tariffs to compensate them for COVID, but now it appears that since that has ended, the government wants the rates to go back down. But this was poorly communicated with the market, and so the stocks plunged, and you saw the headlines about socialism and how you can't trust South American markets and all. But I think now that cooler heads have prevailed, they say, oh, well, they kind of did earn more during COVID and it's kind of fair to return to 2019 profit levels. But yeah, I think there's a large opportunity in those names now because they have the lowest valuations aside from March 2020 of the past decade. You get starting in 4% or 5% dividend yields and should be double-digit earnings growth going forward. NB: Right. What was the company there? It's Grupo Aeroporto Del Norte? IB: Yeah, that is, Del Norte (OMAB) is Monterrey and then Pacifico (PAC) is Guadalajara and Tijuana and then Sureste (ASR) is Cancun. NB: And they all sold off if you look at the charts, right. But you think that was overblown and maybe presenting an entry opportunity? IB: Yeah, I would say the government's, what we know publicly that's been reported, I would say that lowered my fair value estimates 10% to 15%, but obviously the stocks dropped quite a bit more than that. So, that's the deal. I'm very interested. My bear case is still still a possible short term travel slowdown, but I'm longer term bullish. Still no position.

dvdmovie1

> Interesting company haven't heard of them before. Airport operators in Mexico - PAC, plus ASR and OMAB.

TheHiveMindSpeaketh

PAC OMAB ASR are the Mexican Airport operators, I recommend PAC and OMAB

thelastsubject123

Company buybacks are not guaranteed. What companies do is open a share buyback program, which they cap at let's say 10B at 5 years. The company now has the OPTION to buy back 10B of shares during the next 5 years, doesn't mean they necessarily will do it. This is different than an ASR- where a company instantly buys back large blocks of shares. Typically however, when companies announce a program, they will usually execute as otherwise, investors will distrust management

RichieRich-April

66% Stocks 16% Total World ETF 11% Gold miners ETF 7% REIT ETF Stocks: 11% Meta 10% Google 9% Ahold Delhaize 9% Baba 7% Corsair 7% ASR Insurance NLD 6% Cigna 6% Intel 5% Bank of America 4% Target 4% Ulta 4% Abn Amro 4% Cisco 3% Dominos 3% United Health 3% CVS 2% SoFi 2% MPW 1% Plug Power

TheHiveMindSpeaketh

Mexico City airport is the only major airport in the country which is publicly owned rather than private. OMAB does operate a hotel at the Mexico City Airport which is the only available exposure across PAC/OMAB/ASR but it's not a huge component of their results. I came to the airports after owning/researching $KSU (now $CP) whose track runs through the Mexican manufacturing heartland. $OMAB is most concentrated to that area primarily bc of about 50% of Rev coming from Monterrey, the key Northern trade city which imo will be the most important growth center for supporting trade with US/Canada. $PAC has Guadalajara but is also more diversified with eg Tijuana/Cabos (more leisure focused travel). $PAC:$OMAB market cap ratio is currently about 2.25:1 but I own them in a ratio closer to 1.4:1 to overweight the Monterrey exposure.

TheHiveMindSpeaketh

I have owned PAC/OMAB since 2019 and added heavily at the COVID bottom, by far my best picks ever. Outstanding exposure to the regionalization/nearshoring thesis IMO. Careful with ASR tho as it is more exposed to tourism and also gets more % rev outside Mexico (colombia). Happy to discuss in detail at any time.

_hiddenscout

ASR has come up on my screeners but haven’t pulled the trigger. Haven’t done much research, but an interesting play.

creemeeseason

Does anyone own the Mexican airport stocks (ASR, PAC)? Interesting play on travel and growth in Mexico.

OPINION_IS_UNPOPULAR

First, breathe. We want the same thing, an interesting place where novel, interesting, and occasionally funny, things happen. Now, short of going approve-only for all videos, or automatically processing all our content through some super well made classifier, anything that gets posted is moderated by hand after being posted. Since that content is going to be manually actioned if necessary, our existing policy to remove deepfakes that cross the line is in effect the same as what you're proposing. As you mentioned, none of the rules you mentioned apply here. * Political bullshit: This applies when 100% of the content is political and there are no market links. * No pump and dumps: This is when people try to co-ordinate market moving action as a group together. * No bullshitting: This is when people claim something is true, but it isn' * Impersonation: "While we permit satire and parody, we will always take into account the context of any particular content." With all these things in mind, it should be clear that: 1. Deepfakes cannot be stopped prior to submission, nor automatically after submission. They must be reviewed manually. 2. Deepfakes do not violate any existing subreddit or Reddit rules, and adding new rules to prevent their submission would necessarily make it more difficult to post content that people find enjoyable. Now, what do we do to prevent bad content and misinformation? 1. We have 25+ moderators covering all timezones to remove content, both reported and otherwise. 2. We have a highly robust system for people to report and remove content *without moderator intervention*, roughly 100 unique users use this function every day. 3. We have made significant investments in using OCR and ASR to automatically suggest content that should be removed, on top of a robust text matching system. I hope that quells your concerns.

SnipahShot

Well, just Google. Investopedia is such a great tool. Don't know what a shelf offering is? Google, the first result would be Investopedia (probably). After that, you can pick any company you want on the [SEC EDGAR site](https://www.sec.gov/edgar/searchedgar/companysearch) and search their name or ticker. Once you are there just click on the "View filings" button and search for S-3 (or S-3ASR) which is the form that is submitted for shelf offerings. If you want to see recent companies that filed S-3 or S-3ASR, go to the same link I put in the comment and just click on "Latest Filings" on the left, there just search for S-3 and you will see everyone who filed S-3 or S-3ASR.

Life_Relationship_77

Below are some screenshots that will clarify things: [424B5 Prospectus Supplement Common Stock Warrant Form refers to Form S-3ASR corresponding to Automatic Shelf Registration](https://imgur.com/OqrmoDg) [Post Effective Amendment to Automatic Shelf Registration (check out matching file number) Distribution Plan States Underwriter Details Required in Prospectus Supplement](https://imgur.com/z1c81s0) [424B5 Prospectus Supplement Underwriting Section Provides No Underwriter Details For Common Shares](https://imgur.com/FyHBFJJ) There is a provision for cashless exercise of Common Stock Warrants, if Registration Statement specifying underwriting details is not active, as in this [424B5 Prospectus Supplement Common Stock Warrant Form Cashless Exercise Section Screenshot](https://imgur.com/ofgZOed), but as can be seen from the highlighted snippet, in that case the common shares issued will be unregistered shares pursuant to [SEC Rule 144 holding requirements](https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144) of at least 6 months. Also, if such shares are issued the company will have to report them in SEC Form D filings, which hasn't happened, yet. There cannot be such a big omission or typo mistake in the prospectus supplement of unintentionally missing out specifying the underwriter for common shares and so your speculation about that doesn't make any sense. All this conclusively proves that there has been no dilution, so far, since this offering.

Life_Relationship_77

Check the 2nd screenshot from the S3-ASR in this [post](https://www.reddit.com/r/BBBY/comments/11al1kj/clear_evidence_that_there_is_no_dilution_no/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button). Check with any lawyer who will confirm that an underwriter has to be specified while issuing common shares.

StylishEuro

The Mexican airports are all worth owning. I'm long all of them. OMAB/ASR/PAC

pocketsquare22

Technically $1B notional of meta, if you assume a $200 strike, is 50,000 contracts. Spot notional would be 55,000 contracts. It’s doable. But a company wouldnt do that and cant do that. What most companies will do is enter into an ASR with a bank (accelerated share repurchase) which is actually vol dampening in general.

Flat-Cap9190

read feb filing. to get this 50M they have 2 condition ​ 1. pay down debt 2. authorize buy back the fact (or 90% possibility) the deal goes through is both conditions getting met; they also announce in public BB will be considered. with ASR they don't have to announce to public that they are buying, they just need to report they did. Price will spike and rally out of ideal zone if they announce in public they are buying "today".

Flat-Cap9190

Hi brother or sister, may peace be with you. Here’s my findings last 2 weeks The buyback is not “on” 32 august Same as Pipe deal language. They stated that it is “by” 31 august. There’s also no need for announcement to start doing buybacks. No need for SEC filing to start too. Apparently, There’s also something called ASR accelerated shares repurchase Buyback is most likely to the language of “increase shareholder value” and based on SEC filing in February that JS says the funding is conditional to (a) pay down debts (b) authorise share buyback So the fact the got the money is likely that is happening So there could be a chance buyback had started so they won’t squeeze the price with an announcement (which is needed to shrink the float as much as possible for “increase shareholder value”) At $5-7/share it’s approx 3-4 float to be taken out (with $25M) JS is essentially using 25M to make upwards of 100M+ with his capitalist wisdom Fair market value without squeeze is 27/share based on asset liquidation alone only. $60/share if factor in all the efforts that JS and other insiders management is doing in order for their effort to be worth it, logically. (This assessment is Per citron research’s report on APRN) Above are summary points I gathered hope it helps another beginner like me too!!!

Flat-Cap9190

According to urban myths floating around… I gathered that others have said In feb, JS says; to get my money I want 2 things happen 1. Pay down debt 2. Authorise buyback The fact they got money means they probably already have the authorised somewhere. PR announcement to protect legally still say, “not yet” But there is a chance they have started on ASR last week

kuracoin

Insiders are a pretty limited group of people though and those shares should already locked away from the float. If it’s the case that the shares are from some external holder like institutions, which I’m assuming it would be, then those shares would now be off the table to be used in shorting so it would still contribute to the squeeze in giving shorts less power to contain it. Either way the ASR would have a net positive in the end, it’s just a matter of when and if it’s going to happen lol. Your napkin math would apply with the open market buyback I think but I’m not sure what the terms of that would be or how long it would take…

GigaChadEnergy

>Bed Bath & Beyond has now filed a Form S-3ASR with the SEC, disclosing its intention to sell an as yet unnamed number of securities. I don't think you know what it means lol

lllGrapeApelll

General Fusion and ASR Group come to mind

262Chief

Was asked the following question yesterday re Trulieve S-3ASR filed July 8: Does this mean the insiders eg. Kim Rivers, are putting shares up for sale? Name/SVS owned before offering/SVS being offered/SVS held after the offering Kim Rivers/19,897,856/19,784,559/113,297/Ref: Prospectus filed 4 Feb 2021 Kim Rivers/17,280,506/16,973,401/307,105/Ref: S3 filed 7 Jul 2022 If my math is correct, she has at least 2,617,350 less shares than she did 17 months ago. Her compensation 2021 was $8,054,480

wingslevel001

I think manufacturing aimed at US markets will leave China for Mexico. Long Mexican infrastructure and the Mexican consumer; OMAB, ASR, PAC, KOF, FMX.

animositisomina35

Nothing about TWTR has fundamentally changed, Musk's move removes so many shares from trading: * Musk: 73,486,938 shares * Dorsey: 18,042,428 shares * Silver Lake: 2,116,800 shares + * $1B * x 0.375% 2025 converts at $41.50 * Bain: 2,035,328 shares * Noto: 2,308,267 shares TWTR previously authorized $2B program from 2020, of which ~ $819M remained as of 4Q21 (Feb 10, 2022). Authorized a new $4B repurchase program in which $2B ASR & repurchase the remaining $2B over time. * Basic Share Count as of Dec 31, 2020: 799.37M * Diluted Share Count as of Dec 31, 2020: 865.03M

pickleking01

Kohl's doubles quarterly dividend to $0.50, announces $3B buyback Mar. 01, 2022 7:05 AMKohl's Corporation (KSS)By: Gaurav Batavia, SA News Editor Kohl's (NYSE:KSS) declares $0.50/share quarterly dividend, 100% increase from prior dividend of $0.25. Forward yield 3.6% Payable March 30; for shareholders of record March 16; ex-div March 15. The board approved a $3.0 billion share repurchase authorization and the Company plans to repurchase at least $1.0 billion in shares in 2022, of which $500 million is expected to be repurchased through open market transactions or an ASR program executed in Q2 2022. If they do the full 3 billion buy back, that’s 33% of the current shares at its current price.

Long-Maximum-5325

And they could authorize a new ASR. They are targeting 3.0x debt to EBITDA by 2023x so if their EBITDA guidance for next year is $550m (conservative) they would be able to draw the revolver another $450-500mm to continue to buyback shares. They also have plenty of cash on the balance sheet to do this, but assuming that’s needed for net working capital swings throughout the year, it’s good to know they could support a substantial amount of debt drawdown without violating their 3.0x target. That would be the final nail in the coffin for remaining short sellers and would be hugely accretive to EPS assuming they achieve anywhere close to their 2023 EBITDA goals

spicyRengarMain

Accelerated Share Repurchase is where the dealer goes and just borrows a bunch of shares and delivers them to the grantee, then slowly buys up from the real market to avoid jumping the price. It's a way for a company to quickly buy back many shares. Once the ASR is concluded the company gets billed by the dealer. It usually causes the borrow rate to run up, and it doesn't count as a short position hence the SI% not really having gone crazy. There's a potential squeeze play if you can push the price and cause lenders to recall shares, but it's hard to trigger, and directly fucks the company because the ASR will just bill their losses to United Wholesale.

CKsacrificetoFreja

I would rather have never than someone who has violated manufacturing protocols on Tylenol, Motrin, Zyrtec, Visine Eye Drops and other products. ASR hip resurfacing, Physiomesh, Gynecare transvaginal mesh kids, Pradaxa and Xarelto, and of course talcum powder. Vaccines or any medication should not be a race of the drivers have a higher crash record than David Gilliland who has crashed on average 3x a year since 07 in NASCAR.

arjvillan

Soccer fans are already way ahead with $MANU $ASR $BVB

TDETLES

Post credit to u/_aware for visibility with regards to share dilution GME vs AMC: AMC: 160M with 36% shorted in December -> 513M now GME: 65M with 140% shorted in December -> 75M now(after the latest dilution) They are two completely different situations. With AMC, the dilution could've easily killed the squeeze with a 200%+ dilution. With GME, it's only 15% dilution on a stock that's shorted 140%(haha yea right). AMC is selling directly to hedgies and at below market prices, so AMC apes can't even buy if they wanted to. GME is selling in the open market at market prices, giving us a chance to soak up their offering at discount. Sources: AMC outstanding share history: [https://ycharts.com/companies/AMC/shares\_outstanding](https://ycharts.com/companies/AMC/shares_outstanding) GME outstanding share history: [https://ycharts.com/companies/GME/shares\_outstanding](https://ycharts.com/companies/GME/shares_outstanding) AMC selling to HFs at below market prices: [https://news.yahoo.com/amc-collects-250-million-giving-214224458.html](https://news.yahoo.com/amc-collects-250-million-giving-214224458.html) , [https://www.wsj.com/articles/amc-shares-soar-after-company-raises-230-million-in-stock-sale-11622571307](https://www.wsj.com/articles/amc-shares-soar-after-company-raises-230-million-in-stock-sale-11622571307) Movie Stock's SEC Filing Form S-3ASR, Apr 27, 2021, page 15-16. Read it when you get a moment. It's all there.

TDETLES

Again I wish you the best, but please take a minute to read AMC's SEC Filing Form S-3ASR, Apr 27, 2021, page 15-16. They state they can sell directly to short sellers. Here's a video talking about it. https://youtu.be/Tg25XN-xLtc They wouldn't do this shit if they didn't intend to do so.

TDETLES

No way I'm touching AMC, AA does not have AMC investors interests in mind and is actively killing the squeeze: Post credit to u/_aware for visibility with regards to share dilution GME vs AMC: AMC: 160M with 36% shorted in December -> 513M now GME: 65M with 140% shorted in December -> 75M now(after the latest dilution) They are two completely different situations. With AMC, the dilution could've easily killed the squeeze with a 200%+ dilution. With GME, it's only 15% dilution on a stock that's shorted 140%(haha yea right). AMC is selling directly to hedgies and at below market prices, so AMC apes can't even buy if they wanted to. GME is selling in the open market at market prices, giving us a chance to soak up their offering at discount. Sources: AMC outstanding share history: [https://ycharts.com/companies/AMC/shares\_outstanding](https://ycharts.com/companies/AMC/shares_outstanding) GME outstanding share history: [https://ycharts.com/companies/GME/shares\_outstanding](https://ycharts.com/companies/GME/shares_outstanding) AMC selling to HFs at below market prices: [https://news.yahoo.com/amc-collects-250-million-giving-214224458.html](https://news.yahoo.com/amc-collects-250-million-giving-214224458.html) , [https://www.wsj.com/articles/amc-shares-soar-after-company-raises-230-million-in-stock-sale-11622571307](https://www.wsj.com/articles/amc-shares-soar-after-company-raises-230-million-in-stock-sale-11622571307) Movie Stock's SEC Filing Form S-3ASR, Apr 27, 2021, page 15-16. Read it when you get a moment. It's all there.

flyonpoop

From Google: "The S-3ASR is an automatic shelf registration statement which is immediately effective upon filing for use by well-known seasoned issuers to register unspecified amounts of different specified types of securities. This Registration Statement is for the registration of securities under the Securities Act of 1933." The 43 million shares they announced and sold already were covered under shelf registration.

bauer5x

$DGX short squeeze candidate. Can't believe I'm saying this....short interest tripled in past week. High institutional ownership, low volume. Days to cover is now 8.5! And this is while they are doing a $1.5 billion ASR (accelerated share repurchase). Elite financials....see for yourself.

Jeff_Bezels

ASR is a holding company that owns airports around Cancun, so when vacation travel picks back up, they'll make money.

Jeff_Bezels

Not buy the dip on PTON? LULU: gotta get new gym clothes ASR: A holding company that owns a bunch of Mexican airports near Cancun ULTA?

hambone_83

The S-3ASR is an automatic shelf registration statement which is immediately effective upon filing for use by well-known seasoned issuers to register unspecified amounts of different specified types of securities. This Registration Statement is for the registration of securities under the Securities Act of 1933.

Low_Float_Catalyst

I am not familiar with S-3ASR filing. Is it a filing before an official shelf offering?

neversell69

Thank you! That actually helps me see your side of the arguement and while I agree the December 8th S-3ASR filing could he a potential concern the subsequent 8-k filing the same day for $100 million was not viewed favorably by shareholders or the board. It is far more likely in my opinion that this filing was an unpopular move by the CFO, and coupled with his inability to shed excess lease obligations from the balance sheet that led to his eventual 'resignation'. Looking at the cited risk factors in their 8-k filing, they dont commit to actually issuing any and simply state that they will use any cash generated as basically working capital and to fund their new ecommerce pivot. Based in Ryan Cohens chewy interviews his ecommerce model is not capital intensive at all and riding the high of the new console cycle and global publicity I feel like they should generate more than enough short term capital to make this transition without needing to issue any of the shelf offing. Ryan Cohen cancelling the offering would also be a huge statement for the company, and would be hugely favored by their enormous retail shareholder base who also happen to be a large part of their customer base as well. In my opinion it just doesnt make sense for them to raise capital right now and fuck over their public image on the brink of an attempted business pivot. I think robinhood basically showed what happens when you fuck over your customers and are probably going to lose out on billions with their ipo here soon.

ObservationalHumor

> So, either the CFO doesn't understand cash management, or he is a genius and he knows they will have so much cash around that the priority is to shrink shares outstanding, no matter the price because the future will be brighter (or not that worse off than it is today)... Or they had already authorized a buyback plan ages ago, did an ASR back in May after the stock tanked and it made sense to both due to the price being lower and financing costs dropping. Acquisitions and strategy changes also take time to pull off and the massive rally in tech also makes anything they purchase in that space more expensive. The bigger question is what they do when the current repurchase program ends.