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Biotech News to Help You Prepare for Next Week
Biotech News to Help You Prepare for Next Week
Inhibikase Therapeutics Announces FDA has Lifted the Full Clinical Hold - Catalys!
[ATHE] Alterity Therapeutics Announces Regulatory Authorization to Proceed with ATH434 Phase 2 Clinical Trial in the United Kingdom
Vivopower has an EV currently being tested with TOYOTA, Market cap 55m, over $400m in agreement already.
Vivopower, 75m market cap, hundreds of millions in distribution deals over the next 5 years.
Opendoor is full of red flags
Opendoor earnings don’t paint the full picture
Vivopower, one of the only undervalued EV stocks out there
Vivopower, one of the only decently valued EV play out there, 100m market cap, over 500m in deals in the next 5 years.
Vivopower, solar, generators and Ev trucks, 100m market cap, $40m in revs, $500m+ over 5 years in LOI for their EV trucks.
VVPR earnings tomorrow, 100m market cap and over 350m in deals over the next 5 years.
[ATHE] Alterity Therapeutics granted a new US patent targeting major neurodegenerative diseases including Alzheimer's and Parkinson's
The best form of charity is giving Water
The best form of charity is giving Water
Rkt and Uwmc are extremely undervalued
UWM looks like it could be a good value play for long-term investors. The company's shares are significantly undervalued at the time of writing.
Mentions
Based on what I learned from MSA and SMT they are leaning towards at least $200 silver. MSA says it could go as high as $500 at the peak. Take it with a grain of salt, that is the wise thing, but considering all the fundamentals it is truly possible. Silver miners typically do better than the silver, averaging 1.5x roughly. If Silver does do 10x it's previous all time high there is a good chance of silver miners doing 15x or more. SIL and the XAU have only recently broken through their all time highs. This has a long way to go. I myself am in high Beta silver miners, riskier but better returns.
> The fact that like 30% of the American economy appears to be the same 10 companies giving each other a bunch of money and pretending it’s real revenue is not a ‘vibes based’ concern. Its true. But that’s also been true for a long time now. On a very broad level, the appetite for speculative assets (crypto, AI, etc) is driven by emotion. If most people are happy and hopeful for the future, they will keep investing in the promise of the future (and future growth). If people are uncertain or fearful, their risk tolerance drops and they don’t want speculative assets anymore. Emotion is part of the explanation for why *now.* Not the why in general. There is a reason why MSA can provide useful information.
A modestly better quarter from Curaleaf with results ahead of expectations, modest growth, and some margin expansion, although underlying cash flow generation and balance sheet quality remain entirely reliant on their challenge of 280e obligations. The domestic business stabilized after several quarters of declines while the international business continues to grow (up 12% QoQ and 55% YoY) to $46M (the largest of any cannabis operator). Similar to others, their uncertain tax position is rapidly ballooning (now $510.2M) and their $95.3M in reported YTD operating cash flow is actually negative when you factor in those unpaid 280e taxes making the legal challenge top-of-mind. Looking ahead, Cura should continue to see growth in the international segment while the domestic business has few immediate catalysts outside of growth in NY and select store openings. Full review: **Revenue:** QoQ: $314.5M to $320.2M / YoY: $330.5M to $320.2M *Up 1.8% sequentially and down 3.1% YoY was better than expected ($317M), as the US business held stable while the international business grew 12% sequentially and 55% YoY to $46M. Cura opened 4 new stores during the quarter (2 in OH and 2 in FL), stared an MSA with a Maine store, and acquired the remaining ownership in Cura International (now 100% owned).* **Adjusted EBIDTA:** QoQ: $65.5M to $69.3M / YoY: $75.3M to $69.3M *Up 5.8% sequentially and down 8.0% from last year was also ahead of expectations ($66M), with margin up to 21.6% in Q3 from 20.8% last quarter (although down from 22.8% last year). Still behind most Tier 1 peers but good to see improvement.* **Gross Margins:** QoQ: 48.5% to 49.9% / YoY: 48.6% to 49.9% *Nice improvement here at a good level as management highlighted efficiency improvements.* **Operating Expenses:** QoQ: $149.3M to $155.7M / YoY: $151.3M to $155.7M *Increase here sequentially and YoY largely due to higher SG&A and SBC, offsetting margins gains to an extent.* **Operational Cash Flow:** QoQ: $6.7M to $4*8.4*M / YoY: $40.3M to $48.4M *As always, have to look at tax payments dynamics for proper read through. Adjusting for unpaid taxes, OCF was -$8.2M in Q1, -$20.3M in Q2, and +$9.4M in Q4 for -$19.1M YTD. CapEx spend was $16.6M and now $47.9M YTD.* **Cash:** QoQ: $102.3M to $107.5M / YoY: $90.0M to $107.5M *Positive OCF offset CapEx spend. Cura also paid down some debt with a new credit facility. Debt stands at $543.7M, Income tax payable of $19.9M, and now an uncertain position of $510.2M*
I sold my CSAI to buy more UAMY when it dipped before $8, but I agree it’s primed for a jump. I just wish they’d share more about that new MSA they signed
CSAI trying to take off with their new deal, but they probably need to disclose a little more about what that MSA matters. I have a small position while I dig in more, but I like the balance sheet and growth story. AREC also looking good but I know that one is more well-known EDGM is the dumbest bag I hold (thankfully very small) and at this point I don’t even remember why I bought in
The entire AI industry is incestuous circle jerk of cash flowing between Nvidia and the companies buying the chips. I expect it to blow up gloriously at some point, especially once the masses realize AI is just a mirror and not truly capable of generating novel ideas. Coreweave MSA is pretty insane & the LAMBDA deal seems like a downside risk too. We are in the overbuild, over value, and malinvest in anything with AI. Expect to get wrecked.
Well Walmart is the suspected other party in their recent MSA based on the redacted details and it being signed with one of the worlds largest retailers
Price targets came before all the bullish news they've had the last 2-3 weeks. I'd imagine targets will update once MSA details are known
The price targets haven't been updated because MSA details and client are unknown to public so far.
MSA with Bosch. MSA with one of the largest retailers in the world. Humanoid robot teased for October release at Nvidia GTC. Tons of cash, no debt and contracts getting signed. Expanded their HQ 4x the size earlier this year and they have tons of job postings. I'm long
Listen to any of these YTers and you'll learn why. - Andy Schectman of MilesFranklin - Liberty and Finance - Michael Oliver of MSA - John Rabino - Rick Rule - Lynette Zang - Michelle Makori - Daniella Camboni - Danielle DeMartino Booth - NorthstarBadCharts - Andrew McGuire of Kinesis - Jason Cozens of Glint - Ed Sheer - Mike Maloney - Hidden Secrets of Money - Marc Faber - Rafi Farber - Clive Thompson - Alasdar Macleod - Mario Eneco, he recommends good books.
People who live in those big cities over-estimate the number living outside them. Chicago is one I am familiar with. The number of people living in Chicago proper is dwarfed by those living in the Chicago MSA, in suburban communities divorced from the big city. Only a relative small percentage commute in to work.
I've been in since June 2024. No plans on exiting fully for years. Sold a little at 2.50 today because I can see them setting a bear trap tmw morning. This is SIGNIFICANT news with the MSA signing as well as being one of the first robotics company with new Nvidia Jetson.
Richtech Robotics (RR). Heavy institution buying since beginning of the year. Should be getting their first MSA contract details with earnings later this month. Over 20% of the float is shorted, I've seen as much at 50% on dark pool. Has been in a symmetric triangle pattern for about 8 months now. They've had a lot of positive news the last 6 months. 6000+ shares at $2...been buying for 13 months now.
Lots of strategies available. Can take over $90K in long-term capital gains at 0% Federal tax if your total income is low enough. Otherwise, it's 15% until your income is a lot higher. If you take gains in a tax-deferred account (IRA, 401k, and others), you only pay taxes when you take a distribution from the account. If you take gains in a Roth account, they're tax-free. The hardest way to avoid taxes in the US is to have a legitimate job with earned income and not contribute any of it to a 401k, IRA, or some sort of medical savings account like an HSA or MSA.
That's the Census Bureau MSA. San Jose has its own MSA.
$PRIM * Revenue of $1,648.1 million, up $235.4 million, or 16.7 percent, compared to the first quarter of 2024 primarily driven by strong growth in both the Energy and the Utilities segments; * Net income of $44.2 million, or $0.81 per diluted share, up $25.3 million, or $0.46 per diluted share, from the first quarter of 2024; * Adjusted net income of $53.5 million, or $0.98 per diluted share, an increase of $27.8 million, or $0.51 per diluted share, from the first quarter of 2024; * Total backlog of $11.4 billion, down $0.5 billion from the fourth quarter of 2024, including total Master Service Agreements (“MSA”) backlog of $5.8 billion; * Adjusted earnings before interest, income taxes, depreciation and amortization (“Adjusted EBITDA”) of $99.4 million, up $25.7 million, or 34.8 percent, from the first quarter of 2024. * Announced share purchase authorization of up to $150 million of common shares over a three-year period “Primoris had another great quarter to start 2025, delivering solid execution on our strategy to expand margins and increase cash flow generation,” said David King, Chairman and Interim President and Chief Executive Officer of Primoris. “We remain focused on serving the needs of our customers through safe, reliable and quality performance and I want to thank our employees for their efforts in achieving these goals in the first quarter.” “Despite uncertainty in the current regulatory and economic environments, the fundamentals of our end markets remain strong. We continue to see elevated levels of demand for our infrastructure services, particularly in meeting the utility and power generation needs of North America. We believe the need to support increased electrification of industry, further investments in manufacturing and the construction of facilities to support emerging technologies provides significant opportunities for Primoris in the years ahead.”
Lots of housing supply relative to most highly populated areas within the US. Houston MSA is almost 10,000 square miles with lots of undeveloped land.
A weaker end to what had been a year of strong margin improvement for Cresco Labs. The good: FY margin improvements and good cost control helped increase improve cash flows as the year of the core strategy paid dividends. The bad: margins dipped in the final quarter of the year and a lack of growth remains the most significant concern (FY 2024 revenue was below 2021/22/23 and the $175.9M in Q4 was the lowest quarterly revenue since Q4 2020). Management did note a need to expand capacity in PA/IL, a good sign of continued demand for their products and signed an MSA agreement for the largest grow license in the new medical market in Kentucky. Full review: **Revenue:** QoQ: $179.8M to $175.9M / YoY: $188.2M to $175.9M FY: $770.9M to $724.3M *Decline of 2.2% sequentially and 6.5% YoY, as the company goes on 3.5 years of top-line declines (note revenue way back in Q1 2021 was $178M), although this was ahead of expectations ($172M). FY revenue was down 6.0%. Management pointed towards their recent MSA deal in Kentucky, and store openings in PA/FL/OH as drivers in the coming years, although indicated price compression will be tough to offset.* **Adjusted EBIDTA**: QoQ: $51.3M to $41.5M / YoY: $54.8M to $41.5M FY: $173.6M to $199.8M *Big slide to close out what had been a year of improvement. aEBITDA dropped 19.1% sequentially and 24.3% YoY, short of expectations ($45.5M). FY aEBITDA was up a healthy 15.1%, a good result considering the top-line declines. Margin dropped 28.5% to 23.6% sequentially, and down from 29.1% last year. FY margin increased from 22.5% to 27.6%.* **Gross Margins:** QoQ: 52.0% to 47.8% / YoY: 51.1% to 47.8% FY: 47.0% to 50.3% *Similar story to aEBITDA, a decline in Q4 but a nice improvement for the full year.* **Operating Expenses:** QoQ: $64.8M to $64.6M / $69.0M to $64.6M FY: $299.2M to $254.8M *Note I removed impairments to compare equally. Good cost control on the year with FY OpEx dropping 14.8%.* **Operational Cash Flow:** TBD *Waiting on financials still so will update when they arrive. Management highlighted $29M of Q4 OCF and $132M for the full year, although the majority of which is due to 280 tax-deferrals. CapEx was $3.2M in Q4 and $19.5M for the full-year.* **Cash:** QoQ: $156.6M to $141.0M / YoY: $108.5M to $141.0M *Again waiting on the financial statements for exact dynamics but positive OCF appears to be offset by $40M in debt paydown during the quarter. Debt stands at $370M.*
Good potential for long term gain with potential partnership and advanced FDA approval on the short term horizon. Potential billion dollar market cap putting the potential share value at $100 if brought to market within the year. There is no know treatment currently for MSA and they have a Parkinson’s phase 2 trial ending this year also providing further potential for this stock to take off.
So let’s say you go with Canadian utilities LTD, 53 years of consecutive increases, Pepsi Co, 53 years of consecutive increases, national fuel gas, 55 years of consecutive increases, MSA safety, 55 years of consecutive increase, Target 54 years of consecutive increases. Your yearly dividend payout is 3.25% when averaged out. That’s $32,250 year 1 + unrealized gains. Now if they continue their 50+ year trends of paying out higher dividends every single year, and that dividend increases an average of one percent of your initial investment on average per year, in five years, you will be earning 8.25% of your initial investment in dividends, or $80,250 per year. If you reinvest the dividends for those five years, it’ll be closer to $90,000. 10 years 13.25% or $132,500. And again if you reinvested the dividend for those 10 years it’d be about 150k-160k. And again you’re still paying significantly less tax than a W-2 employee or small business owner making the same income. just because of the way long term capital gains tax works, you’re probably doing as good as someone making about 50k a year more then you who is a W-2 or self employed/small business owner. Between FICA, city, state, federal, I pay almost 30% on 100k with capital gains I would pay $6,000 or 6%…
**Bird Construction Q3 2024 Results** * Construction revenue of $898.9 million earned in the quarter compared to $783.8 million earned in the prior year's quarter, representing a 15% increase year-over-year. Construction revenue of $2,460.7 million was earned in the first nine months of 2024 compared to $2,006.7 million in 2023, representing a 23% increase year-over-year. * Net income and earnings per share were $36.2 million and $0.66 in Q3 2024, compared to $28.8 million and $0.54 in Q3 2023, representing increases of 26% and 23%, respectively. Net income and earnings per share for the nine months ended September 30, 2024 were $67.6 million and $1.25, compared to $47.7 million and $0.89 in 2023, representing increases of 42% and 41%, respectively. * Adjusted earnings and Adjusted earnings per share were $37.7 million and $0.69 in Q3 2024, compared to $29.0 million and $0.54 in Q3 2023, representing increases of 30% and 27% respectively. Adjusted earnings and adjusted earnings per share were $71.0 million and $1.31 year-to-date in 2024, compared to $49.9 million and $0.93 in the prior year, representing increases of 42% and 41%, respectively. * Adjusted EBITDA of $70.1 million, or 7.8% of revenues, compared to $49.3 million, or 6.3% of revenues in Q3 2023, representing an increase of 42%. Adjusted EBITDA for the first nine months of 2024 was $140.9 million, or 5.7% of revenues, compared to $94.9 million, or 4.7% of revenues in 2023, representing an increase of 48%. * The company's margin profiles in the third quarter of 2024 continued to improve compared to the prior year, with gross profit increasing to 11.4% compared to 9.3%, and adjusted EBITDA margin increasing to 7.8% from 6.3%. * Bird added over $1.3 billion to its Backlog in the third quarter ($2.8 billion year-to-date), increasing backlog to $3.8 billion at September 30, 2024. Pending backlog, which is work awarded but not yet contracted, grew 14% in the third quarter (36% year-to-date) to $4.1 billion, and continues to include over $900 million of MSA and other recurring revenue to be earned over the next six years. * Operational cash flow generation remained strong in the quarter, generating $72.3 million before changes in non-cash working capital, a 44% increase over the $50.4 million generated in the third quarter of 2023. The company generated cash from non-cash working capital related to operating activities of $6.7 million in the third quarter of 2024, a $59.2 million improvement compared to 2023 when non-cash working capital increased by $52.5 million. * During the third quarter of 2024, the Company announced that it was awarded five projects with a total combined value exceeding $575 million. These projects include civil site works and foundations at two industrial projects in Alberta and Saskatchewan, a multi-year master service agreement ("MSA") in a strategic growth sector, an expansion in scope of an existing multi-year task order in the nuclear sector in Ontario, and a long-term care project in British Columbia.
i can do things like "go through my docs and find my resume and suggest changes to it' "go through my emails and find my next trip details and suggest me things to do with toddlers" "go through my emails and find the whatsapp group for kids MSA class" It is pretty crazy it doesn't just answer questions based on the internet database but also can skim through your content to answer personal questions.
I'll take this part: "once I take it out and put it in my bank" Nope. The word is "realized." In a regular brokerage account (nonretirement), f you buy and hold shares and then make trades, and earn interest or dividends, these are reported to the IRS and you pay taxes based on how it impacts your Form 1040. No one pays 50% on these, unless you are explaining some combined tax rate of Fed, State, Local, and now Washington State has an asset windfall tax. Even if you *never* deposit the amounts, but let them be reinvested, you have Realized the gain or earnings, and it is in a taxable account, so if that holding is not a Tax Exempt type of investment, you pay taxes because you had the choice of what to do with the realized funds. You could have gone to Disneyland or reinvested, in other words. "would you say someone who isn't investing long term will go with the former and the one investing in long term go with latter?" We're all investing for the long term. So, Nope. The value of investing early means you benefit from compounding growth. Once you determine if you even qualify for pre-tax (and therefor, deductible) Traditional IRA contributions, or once you realize you exceeded the Roth IRA contribution eligibility income limit, you do what makes sense for your financial picture *and your age* and your employment scenario. A person working right out of college making good enough money to put post-tax money into Roth IRA, from only ages 25-45, might be able to stop contributing entirely at that point, because it's all tax free growth and gravy for the rest of their working days. Having an employer retirement plan offering (401(k) is most typical) which also comes as Roth offerings, means you can stash away amazing amounts, especially if the employer offers a match. There's also HSA (health savings account related to a high-deductible health care plan) and my State has a similar account (MSA) offering. There're are so many options to round out your financial picture, if you have enough earnings and the net worth to need even more provisions. Having a mix of investments in brokerage accounts, IRAs, employer accounts, decent emergency funds, liquid funds, short term investments, etc, is called Diversification.
I suspect this is a play to cash in on CS’s insurance. In the MSA, Delta probably required proof of insurance from CS. This will likely result in a claim on that and maybe some cut from CS. I don’t think this buries CS. The question is how much of their client base can they keep and at what discount. The answers to those determine their future viability.
First, they likely have a Master Service Agreement which has different than the language in the EULA. Second, Delta will argue that there was gross negligence and therefore the caps in the limitations of liability do not apply. That argument can vary based on if there was gross negligence caps in the MSA. I negotiate these for a living and always require uncapped liability on gross negligence.
To your point, Crowdstrike has a Limitation of Liability clause in their MSA. How would a lawyer for Delta overcome that?
It’s in the MSA I’m sure. And you never allow for damages more than the contract value (i.e the cost of the actual outage)
I’m sure their MSA is pretty tight for this kind of stuff. Not sure how much they’ll pay out in settlements. But they will definitely be giving existing customers a LOT of free service. And probably a lot of churn
In most states, disclaimers of liability for negligence in a contract are enforceable if the terms are clear and unambiguous. This includes California which CrowdStrike’s standard MSA uses in its choice of law clause
They have verbiage in their legal documents for SLAs. They are still within the SLA requirements. Ultimately it is the organization installing patches to do their due diligence and not auto-install across production critical system. If everyone failed, who is really at fault? Crowdstrike can easily point to a line in their MSA that puts the onerous on the client; most have that indemnity clause. This should be more of a wake up call - our infrastructure is weak and the lack of proper security testing and trust between these firms is the problem. Everyone who was taken out are highly vulnerable to cyber attacks.
I would guess the "damage cap" in the MSA is related to CrowdStrike uptime and has nothing to do with harm to the client PCs.
I'd be surprised if their MSA/SLA covered this type of issue, it's pretty unusual. MSA for a cloud software usually covers the host uptime/availability. Compensation and damage caps would be for CrowdStrike's service being unavailable. CrowdStrike itself wasn't down during any of this, instead they just bricked PCs.
You can’t know that without reviewing every MSA they’ve signed. Standard T&Cs are edited for just about every sales cycle and liability is the most commonly marked up item.
Any larger companies refuse to sign others' MSA, except in very limited circumstances .Basically they agree on terms and use the MSA the purchaser has.
Their standard MSA does cap damages but whether that sticks is a different issue. I doubt their large customers would have let those terms slip and many customers were affected through Microsoft, which might pass the cost to Crowdstrike.
Would be interesting to get a legal opinion from a corp lawyer who has reviewed a CrowdStrike MSA. I recall there being a great deal of back and forth on the MSA during a CrowdStrike procurement in the past. I’m making the assumption that CrowdStrike’s standard terms would cap damages.
That’s not how this works lol. They will have an MSA with their clients that the clients legal team will have reviewed before signing. Also an MSA doesn’t cover negligence, if that was the cause of the outage
$PRIM * Revenue of $1,412.7 million, up $155.8 million, or 12.4 percent, compared to the first quarter of 2023 primarily driven by strong growth in utility-scale solar and industrial construction within the Energy segment; * Net income of $18.9 million, or $0.35 per diluted share, up $17.6 million, or $0.33 per diluted share, from the first quarter of 2023; * Adjusted net income of $25.8 million, or $0.47 per diluted share, an increase of $15.9 million, or $0.29 per diluted share, from the first quarter of 2023; * Total backlog of $10.6 billion, down $0.3 billion from the fourth quarter of 2023, including total Master Service Agreements (“MSA”) backlog of $5.8 billion; * Adjusted earnings before interest, income taxes, depreciation and amortization (“Adjusted EBITDA”) of $73.8 million, up $21.0 million, or 39.6 percent, from the first quarter of 2023. “Primoris had a strong first quarter to begin 2024, delivering improved revenues, margins, earnings per share and adjusted EBITDA compared to the prior year,” said Tom McCormick, President and Chief Executive Officer of Primoris. “Our employees’ continued dedication to safe, consistent execution remains a primary driver of our ability to successfully perform for our customers.” “We continue to see growing demand for our Energy and Utilities services as the energy transition and infrastructure modernization of North America continues to progress. Our solar and industrial businesses are capitalizing on opportunities to help meet the growing demand for power generation, while our power delivery business supports the increased need for transmission and distribution services.” [https://ir.prim.com/news-and-events/news-releases/2024/05-08-2024-211649193](https://ir.prim.com/news-and-events/news-releases/2024/05-08-2024-211649193)
It’s interesting that you say this - I can’t go into specifics but one of the companies we’re partners with has us developing a dynamic pricing model based on MSA and concentrations of EVs within a certain mile radius of the CostCos.
The MSA I live in was in the top 10 Happiest Places to live. 
Not true. Not everywhere anyway. In South Florida the residential real estate market has been so hot that developers have been converting CRE to residential in order to cash in. And with new residential development you need supporting local retail... so really, it makes the remaining CRE just THAT much more valuable. But it absolutely doesn't stay empty. Google "commercial real estate competing with residential florida" for several articles on the exact subject. And before you think South Florida might not be large enough to be considered... Out of the total state population of 21+ million, its an area (MSA) of 6+ million people, larger than the population of 31 entire states. In European terms the tri-county area alone is bigger than Denmark, Finland, Norway, Sweden, or Ireland. The tri-county area itself has a GDP of $409 billion of $1.4 Trillion state-wide, 15th in Europe ahead of Denmark and 7th ahead of Turkey, respectively.
I think the problem with tobacco is more complex than that though. The MSA gave them a complete monopoly over all nicotine product (even if they are created from tobacco.) The problem is that part of the MSA makes it so that no new products, even the vapor tech can be altered after 2018 without a PMTA. (Even the batteries) This puts big T is sort of a weird spot. Without the ability to innovate vapor products they can’t actually create good vapor products because all the best and newest products are breaking FDA guidelines and bypassing pmta, something that big T can’t do. So big T’s success in the vapor industry is wholly dependent on the FDA’s success in upholding the PMTA requirements, which they have completely failed at doing so far (in fairness, it’s sort of an impossible task). In many ways Big T companies are actually at the most disadvantage when competing in vapor as they are already part of the MSA while other companies aren’t. If I were to invest in big T. I would only look towards the lifetime free cash flow ability of cigarettes. Can any of the big T companies produce enough free cash flow over the next 20 years to cover the market cap cost with a reasonable rate of return? I’m not sure… I think the answer is “possibly” though
A million apartments?? There are only 3 million people (people - not households) in the Denver MSA. I need a source.
We're not talking bumblefuck. I live 5 miles outside a city of 150,000 people, in an MSA of nearly a million. 25 miles south is another city of 250k in 1.5 million MSA, with a half-dozen fortune 500 companies. 75 miles east we have a city of 800k in a metro area of nearly 2 million, which is a global hub for two different industries (clothing retail, and insurance). We have plenty of jobs and career opportunity. We have the housing stock to absorb tens of thousands of new residents. The problem isn't economic. The problem is cultural, or of narrative management. People think the rust belt is a bumblefuck backwater, full of deplorable racists and racists, which is utterly inane.you only think that because the media tells you so. Point is, I could never afford 8 acres and a house 5 miles outside DC, or Boston, or Seattle. Opportunity lives in the rustbelt. As for house size, 1200 is perfectly adequate for our purposes. We have plenty of space. This was a normal house for all of human history until like 25 years ago. Normalize your expectations for what you need to be happy, and you will be happier.
It's COPIÚMSA, NOT COPIUMSÁ
I've heard the same argument 100 times before. Multifamily or Retail? What MSA do you operate in? You do any development or upgrades to the properties? Could hook you up with a good space lender who could push first payment out a couple of years if any upgrades or development is recent (within past 2 years)
Every local govt in the MSA I live in is signed up with DocuSign. The state I live in has a huge contract as well. Govts left and right are signing up with them. Just the facts
This is an interesting one. The generic guidance is that the expenses must be incurred after the HSA is established. [Per the IRS](https://www.irs.gov/publications/p969#en_US_2022_publink1000204083): >State law determines when an HSA is established. An HSA that is funded by amounts rolled over from an Archer MSA or another HSA is established on the date the prior account was established. So, you're obviously good on any expenses after you opened the current account but, for older ones, looks like it may come down to state law (what's your state?) and/or whether the current is a rollover of an old one.
SFR is a scale game. If you have 200+ homes within a close area in any given MSA, you get scale advantages. There’s a lot of institutional capital behind this concept and some of the operators do it well, but those are the ones that have been doing it since 2011-2013
On CNBC, some dude from MSA Capital. Anchor: Why should the world care about these VC's to bail out Ben Harburg, Professional Asshole: 'These are the future companies that will innovate in America..."the future AirBNB's, Uber's..." of the world' Wow apparently the future of American innovation is learning how to build business that successfully burn billions of dollars a year for a decade. That was a bleak outlook on the future of America if those are the companies some asshole holds up as the gold standard as to the great companies being "incubated" there. California truly is a self righteous shit show in all things.
Bingo. The Austin MSA is constantly in the top five on all these housing price correction charts, but the Austin MSA is pretty large and that 10-15% loss of value isn't being seen across the entire area. We've been looking out and Dripping Springs for a while, and prices there have barely moved. I definitely think exorbitant is a fair description of the prices we're seeing. Look out in Headwaters, where you've got $550,000 homes that are listing for $775,000+. It's insanity.
Tampa MSA median price is creeping up this month, half of lakewood ranch offers are all cash, and when the 10 year dipped mort apps jumped 30%. Going to take a good long while for this mess to sort out.
when's the last time a regulator actually financially impaired a company's balance sheet even big tobacco companies survived the MSA just fine so... what base rate are people using in MMM's case, i ponder...
It depends on the definition of "bubble". If bubble means a glut in housing, then you are right, there is no excess supply anywhere except maybe in ghost towns or crime ridden neighborhoods in big cities. But if bubble is talking about prices that have far surpassed the household income growth, then definitely yes, there is a bubble. With the exception of fed and investment banks fueled 2003-2008 epic housing bubble, we have never witnessed a period where home prices have gone up 2x to 3x in just 6 yrs in most MSAs across the nation . Although i am not in the market, in my town ( ATL MSA), i see homes bought for $350k in 2017 are still getting listed for over $700k, and in the same period an average household (with the exception of those employed by big tech), would have seen their household income go by 20%. Similar disparity between income growth and home prices can be seen everywhere even in small cities. It has reached a point where unless the banks go back to the notorious "stated income" documentation and throw in negative adjustable rate mortgages like it is 2005, it is practically impossible for many households to afford a home. While i don't expect to see home prices drop 30% to 50% the way it did in some markets in 2008-2011, i wouldn't be too surprised to see a 15%-20% correction in housing.
Oh maybe it's that, was about to doom about MSA.
The difference is between looking at the metropolitan statistical area vs the city itself. The MSA is what you would typically think of as the "city" in question which includes suburbs and everything that you would consider part of the metro area of a given city. For example San Francisco is lower on the list of city population than Columbus: https://en.wikipedia.org/wiki/List_of_United_States_cities_by_population SF is obviously the anchor of a larger metropolitan area than Columbus but looking at only the city population you would draw a questionable conclusion. You can also see on that list where it includes the total area of the cities which is interesting in this context. Washington DC is another interesting case with a relatively small city population in a large metro area.
Columbus is #32 in MSA population according to this: https://en.wikipedia.org/wiki/Metropolitan_statistical_area I don't know anything about the city as to whether it's good or bad but that's where it sits.
You misunderstand. Kingman isn’t apart of the Vegas-Henderson-Paradise MSA. Lake Havasu-Kingman *is* apart of the CSA. They are different things.
Kingman isn’t Vegas metro. Kingman is part of the Lake Havasu-Kingman MSA
Me too 100%, I actually "enjoy" being stressed, but last year I got some crazy symptoms, felt like I was getting MSA or some shit, so I've been playing it down since.
1. Who cares? Now we get access to 401ks, MSA, Roth IRAs. Take advantage and adjust your spending saving accordingly. 2. Who cares? Interest rates are cyclical. Adjust according. 3. Weren’t you told when you were a kid, “pretend your never going to get social security” and thus, adjust accordingly your spendings and savings. Eliminate victim mentality and take charge of your life. You will be happier in the long run.
A buddy of mine lives in Colorado Springs, dates a realtor, and told me that there are usually around 400 listed properties at any time in his MSA that has been for sale for 30 days or more. A few months ago there were 27.
Calls on: • $URA (URA) Uranium etf • $MSA (MSA) protective equipment producer • $ITA (ishares defense etf) • $WCBR (wisdomtree cybersecurity etf) • $ZM (zoom) Puts on: • Everything else
You must be living under a rock I guess. Real estate prices are crashing hard. Two months ago I listed a house in Phoenix MSA for 825. Had a cash buyer for 800 two days later. I rejected - stupid me, because the builder was selling the same thing for over 850 with six month delay and mine was available right away. Guess what? Builder slashed the prices by 70k and overnight I had to cut the prices too. Finally entered into a contract for 690k last week. 800k cash offer to 690k financial contingency offer in two months. I know this is anecdotal but I’m showing the reality on the ground/
He also purposely waived his right to due diligence in the MSA. Dude did everything as stupid as humanly possible.
Wrong. 3.1% of new Austin residents came from the entirety of New York. > Inbound flow was dominated by people arriving from other counties in Texas (51.3%), followed by California (8.7%), Florida (3.1%), New York (3.1%), and Illinois (2.4%). Each state that contributed at least 1.0% of inbound migrants to Austin MSA are labeled in the pie chart below. https://www.austinchamber.com/blog/02-08-2022-migration
8.7% of new residents of Austin are from California. 51% are from other parts of Texas. The idea that California is overrunning Austin is a myth that dumb Texans like to tell. Source: I am a homeowner in Austin. Second source: > Inbound flow was dominated by people arriving from other counties in Texas (51.3%), followed by California (8.7%), Florida (3.1%), New York (3.1%), and Illinois (2.4%). Each state that contributed at least 1.0% of inbound migrants to Austin MSA are labeled in the pie chart below. https://www.austinchamber.com/blog/02-08-2022-migration
You split 'community funds' (i.e. 100% of your income if you're the sole earner) 50/50 up to the date of separation. After that you pay short-term support as calculated by the Dissomaster software(in CA) up to the point you craft a marital settlement agreement(MSA). Then you do whatever the MSA says. In my case, the MSA expired but it's a better deal than what I would likely get if I went back to court(and I'd probably have to pay her legal fees). So right now I just pay the MSA amount hoping she doesn't try anything.
Is it MSA or my anxiety is off the charts? 
I’ve come across this data in pharma (they’re really using it for patient share, diagnosis, and prior treatment). It’s been years since I’ve seen it but believe the data removes names, uses only the first three digits of the area code (so you may know MSA) and year of birth. I think it’s largely just combined in a database to spit out the cumulative information (i.e, X% of patients with HER2+ breast cancer and aged 65 and older received Product x).
I think Boise is the fastest growing MSA in the nation.
https://fred.stlouisfed.org/series/MEDLISPRIPERSQUFEE27860 Average sq foot cost has risen. You live in a small city MSA that is still considered undersupplied. New construction doesn’t have some of the same limitations as other larger MSA because housing isn’t nearly as dense. New construction can still be built in most surround communities in Jonesboro MSA without high land costs. Average day in market is still a very healthy 31 days. Anything less than 4 months is a seller market. Long and short, new construction is going to be the same or slightly cheaper in your area. Go look at realtor.com. Lots of existing nice and recently renovated homes are listed at 130-140 square foot. New construction I’m seeing similar. Note: I’m doing this from my cell on a Sunday and not near my workstation.
He lives in Williamson County TN, one of the wealthiest counties in the US. Home prices are up 70-100% or more since the GFC in Nashville MSA. Even with a 20% drop in prices, his statement would hold true. From what I’ve been told he is a slum lord that was buying ORE properties decades ago, so while his investment advice may not be sophisticated…I’m guessing he has made millions in real estate.
OK, but you have to look at the whole economy to draw conclusions about worker behavior writ large. You can't take a look at one MSA. We are just now getting back to about the same number of total employees in the US as we had pre-pandemic. At the same time, unemployment is slightly lower than it was before the pandemic. What conclusion can we draw from this? There are two possibilities: 1) A certain number of people have not rejoined the workforce; and 2) There are more jobs than there were previously. Both of these would have the effect of lower unemployment with a similar number of workers in the labor pool. Both of these can be true at the same time, which seems likely.
lmao okay dude try nuance it's a crazy thing where you connect the dots. white people in detroit, a highly segregated city, left with their money because of the riots. the riots did not kill the auto industry for the greater detroit MSA.
I don't mind where I live rural St. Louis MSA. But I hate the weather. Except tornado season is fun. I'd rather be in Florida or California
Could you please explain how major MSA lockdowns are good even in the long run?
Nationwide we theoretically have a balanced supply, but that doesn’t account for the geographical distribution. Drill down to just about any major MSA and you’ll find big shortage. In other words, the vacant/surplus homes are largely located in areas that people don’t want to live.
well lmao as a canadian these arent small caps to me, im really into micro caps from the TSX.v i guess. dont wanna get ban from here for talking about small caps company but im gonna do it anyway coz its 5am in the daily thread and mods gotta give us some slack. VEV- about to go online with a new plant in washington state, Ev buses and trucks. VVPR- MSA with toyota to convert ICE landcruiser in EV, Aim at the mining market. GDNPF- Bioplastic, good growth at decent value prices. VLD- Additive manufacturing, they printed the new engine from Space X and has a bunch of great customers. RDW, MDALF- Two space plays, gonna benefit from the paradigm change coming with starship. ASTL- Steelmaking in Ontario ZMDTF- digital Ads, growth at value prices. and i could go on.
Honestly that’s fine. Wfh is a joke and everyone knows it. Economy needs productive people not mfers putting 20 hr work weeks. I’m in sales and I know for a fact negotiating an MSA or other contracts does not take a full calendar quarter. It’s because 2/3 of the people involved on the other side shut the laptops at 2 pm and don’t do shit. The party’s over fuckers.
We don’t have a good source for OPs data. It could be limited to a specific MSA. My graphs are from FRED and therefore nation wide.
My main counter claim that makes my B.S meter go off, is his whole DD is based off of the idea that modifications happen in loans due to a 'simple 2 factor risk analysis', and claims he is right because 'they don't factor in things like the economics of the area where these loans are housed' and b.s like that, sue me I paraphrased. Modification and measurement of tranche paydown (there are usually 5 tranches, not 6 btw), and the modeling of those rates are calculated using literally every economic factor that moody's provide. Unemployment, FICO, NetMigration, MultiFamilyPermits/Completions(relevant for commercial mortgage), CrimeRate per MSA, LTV, etc. Which are a lot more than just FICO and income, like he claims with no knowledge of the industry.
Here's a "boomer" story for you. Summer 1988, I got my first summer office job in a small branch of Dean Witter. I worked in the "cage" where the orders were entered. The broker would write a physical ticket with the trade info on it. Then hand the ticket to a person in the cage who would then hand it to the person on the order entry computer. The computer person would enter the details of the trade and then time stamp the ticket. That computer order would then go to a central location which would send the order on to the New York Stock Exchange where an other physical ticket would be generated and literally carried to the specialist desk for that security where it would again be manually entered into another system and matched against other orders. Just think about all the steps for human error in this process. There was a picture on the wall from the October 1987 crash. After the market closed that day, the pile of tickets THAT HAD YET TO BE ENTERED INTO THE COMPUTER was close to 3 feet tall. This is at a branch in a town with maybe 150,000 people in the MSA, a branch in an upper middle class medium town. This was the default order entry system for all full service brokerage firms in the country. Just imagine what the branches in NYC, DC or LA looked like that day?
Yes - 100%. Most realtors have a preferred lender that are local to the area. Full disclosure, most have MSA agreements, which in short, is where the lender gives kickbacks to the realtor, but in the form of marketing money… this is how you stumble upon us when you search for homes on the internet, and most likely why you have multiple realtors chirping in your ears right now. However, going with who they suggest will almost guarantee you close on time, and aren’t paying the seller to extend your settlement at the last second because Rocket needs more time to clear your loan to close.
On the surface, it looks like a better quarter from Acreage with the consolidation of their Ohio business which previously fell under an MSA outside of their reported numbers. But when comparing pro-forma numbers (Q3 reported + MSA vs Q4 reported), a largely negative quarter for Acreage with lower revenue and drop in operating margins. Acreage did show better OpEx control (not including the impairment), yet it remains extremely elevated relative to peers (especially their ridiculous executive compensation package). Note there was a large impairment in the quarter ($31.4M) hence the large net loss. Comparisons to Q3: **Reported Revenue:** Q3 $48.2M to Q4 $58.1M **Pro-forma Revenue:** Q3 $64.25M to Q4 $58.1M *Q3 had $48.2M on a reported basis but also $16.1M in MSA rev. So on a reported basis- growth of 21% but pro-forma revenue is down 9.6% on the quarter (assuming this includes a full Q of consolidated Ohio revenue).* **Adjusted EBIDTA:** Q3 $6.5M to Q4 $8.5M **Pro-forma adjusted EBIDTA:** Q3 $9.9M to Q4 $8.5M *SImilar to revenue, adj EBIDTA up on a reported basis but down on pro-forma. Adj EBIDTA margin increases from 13.5% in Q3 to 14.6% on a reported basis, but is down sharply on a pro-forma basis from 20.5% to 14.6%.* **Gross Margins:** Q3 49% to Q4 48% *Second quarter in a row of decline although not terrible, likely reflective of the tough Q4 market we've seen across the board.* **Operating Income:** Q3 -$6.5M to Q4 -$35.6M *Big drop here, although largely driven by $31.4M in impairments that hit OpEx. Would be -$4.2M in OI without the impairment so a slight improvement from Q3.* **Operating Expenses:** Q3 $30.3M to Q4 $63.2M *Huge jump here although almost entirely from a $31.4M impairment they took in the quarter. Without the impairment, OpEx would be $31.8M- a modest increase from Q4 and solid considering the consolidation of the Ohio business. OpEx as a % of revenue w/o the impairment decreased from 62.9% in Q3 to 54.7% in Q4. Still way too high, although largely driven by their excessive compensation packages ($16.2M here in Q4- just egregious)* **Operational Cash Flow:** Q3 $2.7M to Q4 TBD *Did not provide. Appears to be negative.* **Cash:** Q3 $27.87M to Q4 $43.2M *Acreage took on $75M of their debt facility in Q4, so likely offset by negative OCF and CapEx. Will have to wait for CF statement for clarity.*
Our MSA population is around 800k; drive time would need to be under 2 hr.
CRE is the king of acronyms to keep the moat from poor people. MSA: Metropolitan Statistical Area (usually includes a big city + a couple smaller cities) GSE: Government-Sponsored Enterprise (Fannie Mae, Freddie Mac, they insure housing mortgages and sell them off as agency MBS) MBS: Mortgage Backed Security (Big Short, pools of mortgages in a bond) LIHTC: Low Income Housing Tax Credit (subsidized financing for “affordable housing” development/renovation) Sorry I tried to cut down on the acronyms I took out at least half before I posted it lol
Affordable housing prices are up 70-100% from two years ago. It’s hilarious and awesome for us because our equity multiples are 20x and 4-7yr levered IRRs are 300%+ for these fucking dogshit assets. Institutional investors are paying ~65-75%, $200-325k/unit depending on the region, of the median home price for multifamily affordable housing (specifically LIHTC) without regard to the MSA.
Nishan Vartanian from MSA Safety. I work with the company, and employees have consistently been with the company for a long long time, not many leave the company. They pay well, they trust their employees, they provide for the employees and they hold a lot of "normal" values in high regards. I've seen sales people talk back to customers who we're being assholes and it's refreshing to see that that is totally fine. Of course they are a big company with big company problems and can't make everyone happy, but overall they do very well with their employees.
Imma take one out for MSA or MBA 😎can’t go tits up
I'm in a pretty busy market (Washington DC MSA) and most homes are selling at list. Maybe 1/3rd go over asking by 10-20k (3-5%) but those are the ones that were cheaply priced. The bigger issue here is that they got gobbled up at list after 2 days on Redfin. As someone with a $500k pre-approval, it's very frustrating, but maybe the market collapses and it's a blessing in disguise.
Since we are talking about Tesla and a lot of their workforce is engineers, let’s take BLS’s job code of 15-1256 in May 2020 bulletin CA vs Texas Total jobs - 249,700 vs 113,140 Mean Wage - 137,620 vs 109,570 Bay Area (SF MSA + San Jose MSA) vs Dallas-Fort Worth MSA Total jobs - 142,000 vs 52,490 Mean Wage - 145,000/157,480 vs 111,180
**At this time last year Vvpr was announcing the acquisition of tembo** **since then this is the Current LOI and MSA for Tembo e-LV conversion kits that they signed.** \-LOI with Toyota for 5 years(+2 in options) in Australia. \-250m with GB autos for 7 years in Australia. \-120m with Access until 2026 in Canada. \-58m with Artic until 2026 in Scandinavia. \-30m with Bodiz until 2026 in Mongolia. *meanwhile the stock corrected 80%* *Vivopower is definitely "cheap"* *Market cap 75m, 2021 revs 40m*
**At this time last year Vvpr was announcing the acquisition of tembo** **since then this is the Current LOI and MSA for Tembo e-LV conversion kits that they signed.** ​ * LOI with Toyota for 5 years(+2 in options) in Australia. * 250m with GB autos for 7 years in Australia. * 120m with Access until 2026 in Canada. * 58m with Artic until 2026 in Scandinavia. * 30m with Bodiz until 2026 in Mongolia. ​ meanwhile the stock corrected 80% Vivopower is definitely "cheap" Market cap 75m, 2021 revs 40m
I actually did know this. They are projecting that Lagos could have an MSA of around 100 million by 2100.
>Gryphon Digital Mining ("Gryphon") and Sphere 3D Corp. (NASDAQ:ANY) ("Sphere 3D") today announced that they have entered into an agreement to purchase an additional 250,000 Certified Emission Reductions ("CERs" or "Credits"), with each company purchasing 125,000 credits, subject to closing conditions (as further defined below). These credits will help support the two companies ESG commitments in light of the recently announced initiatives to substantially increase crypto mining capacity. In addition, Sphere 3D and Gryphon have entered into a Master Services Agreement ("MSA") that will allow Sphere 3D to utilize the world class expertise of the Gryphon team for the direct purchases by Sphere 3D of crypto mining equipment while parties work towards closing their previously announced Agreement and Plan of Merger that will see the two companies merge. If I am reading this correct and if they are carbon natural/negative why are they buying "credit"?
Their closest comp, as far as I can tell, is MSA. They have a 1% dividend and more debt. So certainly possible.