Ryan Lundeen @lundeen_ne Twitter profile | Pikagi

Pikagi

Ryan Lundeen

@lundeen_ne

771

Followers

222

Following

505

Media

1,809

Statuses

pie chart abolitionist

Nebraska, USA

Joined February 2024

Don't wanna be here? Send us removal request.

Pinned Tweet

@lundeen_ne

Ryan Lundeen

4 months

My plea to all of fintwit posting their portfolios: please stop with the pie charts. A horizontal bar graph is a far superior method to portray that information. Hope Rahul doesn’t mind me using him as an example. It’s platform wide. @david_katunaric

Tweet media one

@RahulSetty_

Rahul Setty

4 months

Q2 2024 portfolio update: Another phenomenal quarter, thanks to $HIMS $TMDX $SE whose fundamentals are now much more reflected in their stock prices vs 6-9 months ago. My deep understanding of these biz’s dynamics and future growth/margins have paid off, and enabled me to make

Tweet media one

8

3

77

5

1

17

Last Seen Profiles

@kafka2046

@wulantobrut

@stwmaniax

@LibAV

@h_dlw9

@Benji_lpdla

@theweedout

@opiacollective

@w9HI0gWsjsOuMe4

@AyoubErgragui

@__2605__

@armfrds

@BelsizeVillage

@aj_112484

@zuadordenomes

@iris_s_e_e

@AndyTheFounder

@toui20773

@wujiaji41545335

@Mc_Gipson

@PuspitaXBT

@Epz8pp

@utaladriz

@Lunar_815

@Tante_Binal69

@BlueFozxyR34

@xtrinabx

@ZhaSiaTianFuLuo

@james_trftrf

@qiyigaoxia2635

@xiaoxue777888

@QAQfulan

@yauntonmi

@xnaoke0705

@wanyingbaobao

@Andersonmica

@lundeen_ne

Ryan Lundeen

22 days

@xjr358 @loneelmcapital @nntaleb @_LukasFreund_ @jbetancourt015 *You’re

1

0

71

@lundeen_ne

Ryan Lundeen

4 months

In 2023, $WBD generated $8.1 per share in cash. $5.6 went towards capex (content + pp&e) $2.4 towards debt The stock is at $7.2 Net debt is $13.8

10

2

32

@lundeen_ne

Ryan Lundeen

1 month

“The Kiewit Story” aka “the red book” is a good history on them

Tweet media one

@turtlebay_io

Turtle Bay

1 month

The other Omaha-based investor: Kiewit You know Kiewit as an engineering and construction company. But did you know they also have a Berkshire-like investment record? Infrastructure, mines, energy, LBOs, stocks. Kiewit has done it all. Here's a rare look at Kiewit's financials:

Tweet media one

Tweet media two

Tweet media three

6

23

265

3

2

31

@lundeen_ne

Ryan Lundeen

28 days

@dirtcheapstocks Nice looking spot to strike it rich

Tweet media one

1

0

30

@lundeen_ne

Ryan Lundeen

28 days

@turtlebay_io Also, re your comment on him sounding like a good guy..

Tweet media one

1

0

25

@lundeen_ne

Ryan Lundeen

5 months

Thought about getting back in $RIG. Hasn’t gone anywhere in the year+ since I was last in. But upside today less than before imo, even though they crossed that $500k contract mark. Doesn’t seem like the most attractive opportunity out there (plug $WBD)

@judahrhodie

Judah Rhodie

5 months

In case you missed it $RIG

Tweet media one

7

4

96

4

0

24

@lundeen_ne

Ryan Lundeen

5 months

Some numbers on $WBD primarily surrounding debt & NBA/TNT. TL;DR version is assume $WBD loses NBA contract + assume that "FCF" declines 30% each year for the next 10 years, and $WBD still generates enough "FCF" to pay off all maturities due through 2041 (assuming no refinances).

4

2

23

@lundeen_ne

Ryan Lundeen

4 months

$BATS $BTI FCF/Share + as % of revenue ————— ‘12: £1.93 | 25% ‘13: £2.02 | 25% ‘14: £1.70 | 23% ‘15: £2.27 | 32% ‘16: £2.16 | 28% ‘17: £2.22 | 23% ‘18: £4.16 | 39% ‘19: £3.64 | 32% ‘20: £4.04 | 36% ‘21: £4.00 | 36% ‘22: £4.35 | 36% ‘23: £4.60 | 38%

3

3

21

@lundeen_ne

Ryan Lundeen

3 months

Can we please get back to companies putting 10-15 years of financials in their AR

Tweet media one

3

0

20

@lundeen_ne

Ryan Lundeen

3 months

The author of this book is currently selling some signed copies previously in storage in the printer's original packaging. He saw the outrageous prices on Amazon a few months ago (almost $5k for a copy) and decided to sell some again after 38 years.

Tweet media one

@turtlebay_io

Turtle Bay

1 year

@Secrets4stocks @45WallSt My all-time favorite business book: [Runnerup: The Prize or Ashes to Ashes]

Tweet media one

6

2

28

9

1

21

@lundeen_ne

Ryan Lundeen

5 months

Here’s where I’m at: Cash 35.6% $WBD 25.6% $TSLA (short) 13.7% $MKO.V $GXS.V 8.2% $BTI 5.8% Compounder basket 3.1% $OGI 2.4% $VTSI 2.4% $CRON 2.1% $PM 1.1% Might add 1% to $WBD every week it’s below $10 until I run out of cash. If anyone has any good ideas drop me a line.

9

0

18

@lundeen_ne

Ryan Lundeen

3 months

@blondesnmoney What’s there to hear? Collecting dividends, paying down debt and buying back shares. Not a cheerleading event. It’s a stock to snooze on.

2

0

18

@lundeen_ne

Ryan Lundeen

3 months

@7LukeHallard I have one request

@lundeen_ne

Ryan Lundeen

4 months

My plea to all of fintwit posting their portfolios: please stop with the pie charts. A horizontal bar graph is a far superior method to portray that information. Hope Rahul doesn’t mind me using him as an example. It’s platform wide. @david_katunaric

Tweet media one

5

1

17

5

0

17

@lundeen_ne

Ryan Lundeen

4 months

@ZeroSumBond They’ve said it’d be fine if he had sex with their wives. I honestly don’t think they care if he dumps on them. It’s for humanity.

0

0

16

@lundeen_ne

Ryan Lundeen

3 months

Getting one good idea from this platform per year like $NLOP makes putting up with all the other stuff worth it. Literally.

5

0

16

@lundeen_ne

Ryan Lundeen

3 months

BofA analyst’s idea of breaking up $WBD is so dumb it’s almost annoying the stock is up. Almost.

4

0

16

@lundeen_ne

Ryan Lundeen

2 months

Is there anyone who doesn’t like $HAYPP and/or has decent bear case? My first impression is like everyone else’s. Which, makes it seem like a no-brainer. And you know how I feel about no-brainers.

9

0

16

@lundeen_ne

Ryan Lundeen

4 months

@dirtcheapstocks @turtlebay_io Also Teledyne options, commodities. And most importantly, leverage.

2

0

15

@lundeen_ne

Ryan Lundeen

4 months

$WBD

@knveth

knv

4 months

Tweet media one

131

1K

13K

2

1

15

@lundeen_ne

Ryan Lundeen

1 month

$VNO is the only overlap we’ve had, but I always enjoy reading @david_katunaric ’s write-ups. You can tell he puts in the work, and presents it well.

@david_katunaric

Mikro Kap David

@david_katunaric

1 month

I don't want to interrupt your peaceful Saturday But a new piece, diving deep into $MSV.AX transformation, is out at the usual place

Tweet media one

2

4

63

1

1

15

@lundeen_ne

Ryan Lundeen

1 month

@_triangulate_ Tries to talk like a statistics textbook and can supposedly zero in on key drivers of businesses in 5 minutes or less but has horrible takes and can’t handle questions/pushback.

Tweet media one

Tweet media two

1

0

14

@lundeen_ne

Ryan Lundeen

5 months

Never imaged I’d be one of those people but I spent the last few weeks building up a 8% gold position in $GXS.V $MKO.V

2

2

14

@lundeen_ne

Ryan Lundeen

2 months

@WTIBull $250+ oil was legitimately one of the dumbest things to ever hit the fintwit community.

1

0

13

@lundeen_ne

Ryan Lundeen

28 days

@dirtcheapstocks Don’t think there’s anything super riveting in the actual documents I have but I have that front page printed out in my office. Can email you the docs if you want

Tweet media one

1

0

14

@lundeen_ne

Ryan Lundeen

2 months

@burrytracker “Chinese companies now make up 45% of his entire portfolio” It literally doesn’t. Ffs. Report it right or change your name. ~$200M AUM ~$50M AUM reported on 13F

4

0

16

@lundeen_ne

Ryan Lundeen

1 month

I really liked the book

Tweet media one

@lundeen_ne

Ryan Lundeen

3 months

The author of this book is currently selling some signed copies previously in storage in the printer's original packaging. He saw the outrageous prices on Amazon a few months ago (almost $5k for a copy) and decided to sell some again after 38 years.

Tweet media one

9

1

21

6

0

13

@lundeen_ne

Ryan Lundeen

4 months

@philoinvestor Oh and just because you had a number of Warren Buffett quotes in your article, here’s another: “Declining cash-flow businesses can be wonderful investments if they are bought at the right price.”

1

1

12

@lundeen_ne

Ryan Lundeen

5 months

What if I told you the equity IV of $WBD increased ~14% today.

@loneelmcapital

Lone Elm

@loneelmcapital

5 months

$WBD taking advantage of duration with their debt tender

Tweet media one

2

2

21

3

0

12

@lundeen_ne

Ryan Lundeen

4 months

🫡 The best part about this is it took him so long to block me after I posted 1 thing about him you know he doom scrolls his name to see what people say about him, blocking his way to an echo chamber of wannabe Buffett/Munger praise. Pabrai is a grifter of the highest caliber.

Tweet media one

4

0

12

@lundeen_ne

Ryan Lundeen

1 month

@david_katunaric There was no market pre-2010 as far as most market participants today are concerned.

1

0

12

@lundeen_ne

Ryan Lundeen

3 months

A college graduates first day on the job (Sound on)

@planefag

planefag

3 months

5

11

49

1

2

11

@lundeen_ne

Ryan Lundeen

3 months

38 years hot off the press

Tweet media one

@lundeen_ne

Ryan Lundeen

3 months

The author of this book is currently selling some signed copies previously in storage in the printer's original packaging. He saw the outrageous prices on Amazon a few months ago (almost $5k for a copy) and decided to sell some again after 38 years.

Tweet media one

9

1

21

1

0

11

@lundeen_ne

Ryan Lundeen

4 months

Feeling cute, might delete later. $BORR $DO $NE $RIG $SDRL $VAL

Tweet media one

0

0

10

@lundeen_ne

Ryan Lundeen

4 months

@dirtcheapstocks Especially locally. There was a pair of brothers in Omaha, both doctors. Put all their discretionary income into Berkshire stock every year from very early on. Never showed up on a Forbes list but probably could’ve. But also like so many others who benefited, gave it away.

0

0

11

@lundeen_ne

Ryan Lundeen

3 months

I disagree with, “Don't think about per-share numbers.” I think that’s pretty stupid. It’s cool to pretend you’re the sole owner of a stock. But you’re not. So per share matters. Dilution etc. But, he’s the Chinese Warren Buffett billionaire investor so who am I to argue.

@marketplunger1

Brandon Beylo

@marketplunger1

1 year

Bruce Greenwald invited Li Lu to speak to his class on value investing. The result is a 90 minute masterclass on how to be a value investor. If you haven't watched the video, do it now. If you have, it's worth re-watching. Here is a list of my favorite quotes from Li Lu 👇

137

4K

15K

3

1

11

@lundeen_ne

Ryan Lundeen

5 months

$WBD isn’t without risk, but when no one in the market or industry likes it, the risks are usually priced in. The best time to buy something is when no one else wants it. One thing I am confident of: leverage is not an issue. People saying that haven’t looked. See you at $5 🫡

@MichaelCrush73

Michael Crush

@MichaelCrush73

5 months

$WBD is the worst S&P 500 stock of the last 10 years losing -80.71%. See list here 👇

Tweet media one

0

0

1

2

2

11

@lundeen_ne

Ryan Lundeen

2 months

$WBD breakup rumor breaking hearts

Tweet card media

Warner Bros Discovery looks to avoid break-up with smaller asset sales

Executives fear ‘years of legal challenges’ if TV and movie studio businesses are split

3

0

10

@lundeen_ne

Ryan Lundeen

5 months

I put all this out because I’ve seen a ton of nonsense around $WBD either not being able to cover their debt, someone even suggesting they’re a zero… $FUBO may be a zero. But I don’t see how $WBD. Studio segment did Barbie. They did Dune series. This company is not a trash can.

0

0

10

@lundeen_ne

Ryan Lundeen

28 days

Not sure what’s going on with $SIRI aside from par for the course stock declining. Maybe people closing out from trying to arb. In any case, I bought 6% position at around $26/shr recently. Might start accumulating more. Don’t love the business but cash flow is cash flow.

4

0

10

@lundeen_ne

Ryan Lundeen

5 months

Just because an asset is critical to society, doesn’t mean it isn’t a terminal zero for equity holders. In commodities that’s almost always the case There’s profits to be had. But understand the limits & don’t get caught up in romanticized narratives. They’re shitco’s on a clock

2

2

10

@lundeen_ne

Ryan Lundeen

2 months

Debt that they paid off was (in table below) mainly 2047-55 debt. Long story short, buying at a discount they were able to lower gross leverage. So, looks like progress being made. But no real cash flow benefit, especially with new debt maturing sooner. Seems more for show.

Tweet media one

2

1

9

@lundeen_ne

Ryan Lundeen

2 months

Wow. $PARA with a $6B write down. Someone fire Zaslav.

1

1

9

@lundeen_ne

Ryan Lundeen

3 months

$BATS $BTI adding another board member to $OGI Opening qualification, “In his role at BAT, Craig has contributed to a range of significant projects, including BAT’s USD $49 billion merger with Reynolds American Inc.”

0

1

9

@lundeen_ne

Ryan Lundeen

2 months

@BichonRedux First rule of economics is don’t listen to economists

0

1

9

@lundeen_ne

Ryan Lundeen

5 months

The reason I make the $RIG investment/speculation point is b/c of Nick Radical types of people. Nothing against him personally. Had several good DM talks with him. He led me to $VNO But he 100% romanticizes his ideas & people tended to eat it up, to their ultimate detriment imo

3

0

9

@lundeen_ne

Ryan Lundeen

2 months

Bankruptcy sure does have a funny way of revealing itself. $VNO

1

0

9

@lundeen_ne

Ryan Lundeen

13 days

Son, It took me 9 seconds on Google to learn this, but I’ll tell you in 3. Warren Buffett didn’t say that.

@DearS_o_n

Dear Son.

15 days

Son, It took me 9 years to learn this, but I’ll teach it to you in 3 minutes:

Tweet media one

127

6K

36K

1

1

9

@lundeen_ne

Ryan Lundeen

5 months

Pretend $RIG could capture the following average day rates, along with 7.3k operating days and the following EBITDA margins: 2024: $420k | 40% 2025: $460k | 40% 2026: $500k | 52% 2027: $575k | 54% 2028: $660 | 58% 2029: $760k | 60% 2030: $875k | 64%

1

0

8

@lundeen_ne

Ryan Lundeen

5 months

@FoamOnTheRunway @ICBarrett Even though in 04-09 cycle they generated $16B OCF, it basically all went to creditors and new builds (and some buybacks which isn’t any better). So your only chance of making money is trading the stock. Absolutely shareholder return policy changes valuation.

3

0

8

@lundeen_ne

Ryan Lundeen

4 months

@retireearlyguy The problem is their main source of cash is declining (networks). So depends on pace of decline and if/when there’s any bottom. But debt isn’t a problem. FCF could decline 35% per year for 10 years and still handle the debt pay down. DTC international rollout just started.

1

0

8

@lundeen_ne

Ryan Lundeen

25 days

Top three positions right now are Cash @ 71% $SIRI @ 9% $NLOP @ 8% $TSLA various expiry puts thru next 15mo properly fukt atm. $VTSI down 40% from first purchases. Down 20% on current cost basis Finished selling $BTI Took the L on $OXY $RIG trades Sold $WBD (again) for gain

7

0

9

@lundeen_ne

Ryan Lundeen

1 month

@turtlebay_io @ebitdaddy90 @John_Hempton Isn’t the Sinclair gas station in his early twenties the only thing he lost his shirt on (proportional to net worth)?

1

0

8

@lundeen_ne

Ryan Lundeen

5 months

I’ve detested $BOC for a while. Started when I read one of their letters. Was solidified when I went to their annual meeting. The abrasive attempt to develop a ‘Warren & Charlie’ reputation was too cringe.

@jay_21_

Sterling Capital

5 months

This $BOC announcement is truly awful Grifting at its finest by using association with Warren and then stepping down and selling all your shares to the Company And toss in a nice $7.3mm control premium while you are at it

Tweet media one

8

5

55

2

0

8

@lundeen_ne

Ryan Lundeen

4 months

If Zaslav pays $15B for CBS, my $WBD equity is fuqt

@MasaSonCap

Masa Capital

4 months

When a SOTP analysis says that $PARA is worth $40, but the stock is trading at $10, perhaps there is a problem with the analysis There is so much wrong with this...

Tweet media one

20

4

93

1

0

8

@lundeen_ne

Ryan Lundeen

26 days

If anyone else wants this, DM me. Like I’ve said, nothing riveting. I don’t have the financials unfortunately, but happy to share what I have. Mainly like the high res picture printed out in my office but cool history nonetheless.

@lundeen_ne

Ryan Lundeen

28 days

@dirtcheapstocks Nice looking spot to strike it rich

Tweet media one

1

0

30

0

0

8

@lundeen_ne

Ryan Lundeen

2 months

Ari Gold is one of the greatest characters in the history of television

3

1

7

@lundeen_ne

Ryan Lundeen

3 months

I’ll be selling at least half of my $WBD this morning. At current price it’ll be ~8% gain Thinking is 1) I’m irresponsibly overweighted in it 2) I don’t believe the news, which a) if it is true, not sure I want to own it and b) if it’s not, I’d expect the price to come back down

2

0

7

@lundeen_ne

Ryan Lundeen

4 months

Don’t know who, but someone carved my dad’s name into a local bar shortly after he passed away in ‘01. Recently painted over but still partially legible. By reputation, he was a wild one and a hell of a good time. Happy Father’s Day to all the dads out there, past and present.

Tweet media one

Tweet media two

Tweet media three

Tweet media four

0

0

7

@lundeen_ne

Ryan Lundeen

5 months

I estimate ~$11B cumulative FCF 2024-30. 70% of that FCF doesn’t happen until 2028-30 They’d have to refinance 25% of their 2025-26 maturities, 15% of 2027 and then they’d be fine That bakes in reduced int. exp. as debt is paid down and minimal capex (no new builds) of $400m/yr

1

0

6

@lundeen_ne

Ryan Lundeen

2 months

So the $WBD debt buyback seems more like an optical illusion than value added transaction. I’d assumed when they did it, it’d be funded with short term debt (given sporadic nature of cash flow timing of business) but ultimately paid with cash flow / cash on hand However…

3

0

7

@lundeen_ne

Ryan Lundeen

20 days

@ShaleTier7 Value investors go through a lot of trouble just to underperform like everyone else.

0

1

7

@lundeen_ne

Ryan Lundeen

22 days

I just spent two nights trying to reconcile the below cumulative returns with the “average annual gains” where I assumed “average annual gain” = CAGR, which is 17.8% for $WRB & 11.2% for S&P But they literally took the arithmetic average, giving you a nice useless 23.3% number

Tweet media one

3

1

7

@lundeen_ne

Ryan Lundeen

13 days

@david_katunaric Fertilizer. Synthesis of ammonia via Haber-Bosch process allowed nitrogen-based fertilizer at scale which is the only way we support the global population that we do.

Tweet media one

3

0

7

@lundeen_ne

Ryan Lundeen

20 days

A fund which has been going for ~7 years has <1% CAGR returns and spends every letter preaching the benefits of picking stocks vs “blindly” indexing. They talk about the creative process of investing, being unique etc etc etc. S&P 500 CAGR is ~14% since the funds’ inception.

2

0

7

@lundeen_ne

Ryan Lundeen

3 months

People talk about Zaslav being a failure over a merger that took place just 2yrs ago. Was poorly timed but has more to do w/ industry headwinds than actual CEO (he’s not in charge of $PARA). They never talk about the 14yrs before that Zaslav grew Discovery’s worth at 11%. $WBD

@buckorama1

Steven Buckman

3 months

@banana_capital_ You have that mountain of debt and a CEO who thus far has been all hat and no cattle--a dismal failure.

1

0

12

2

0

7

@lundeen_ne

Ryan Lundeen

5 months

When the results are so bad you have nothing to do but try the the right-to-left trick $EAF

Tweet media one

0

1

7

@lundeen_ne

Ryan Lundeen

5 months

$WBD

Tweet media one

Tweet media two

2

1

7

@lundeen_ne

Ryan Lundeen

5 months

Seems like best hope for profits here is basically trading sardines before the next down leg of the cycle If that’s the approach, historical multiples during the bull cycle put $RIG at $9-18/share. I’m not opposed to sardines, but $WBD is mine. Anyway, Sunday night ramble /end

3

0

7

@lundeen_ne

Ryan Lundeen

1 month

Is this Succession? $WBD

@tradernewsai

tradernews.ai

1 month

$WBD Warner Bros. Discovery Announces New Global Division Covering Experiences, Theme Parks, Studio Tours, Exhibitions, Retail Destinations and More

0

0

0

2

0

7

@lundeen_ne

Ryan Lundeen

2 months

I was unaware $SEG is selling their assets. Why else would everyone be throwing around SOTP valuations.

0

0

6

@lundeen_ne

Ryan Lundeen

2 months

If you think something is a no-brainer, 99/100 the no-brainer is you.

4

0

6

@lundeen_ne

Ryan Lundeen

2 months

@BichonRedux No wonder you’re stressed. Para is one thing. wtf are you doing in qrtea

1

0

6

@lundeen_ne

Ryan Lundeen

3 months

I got several messages about me selling $WBD First off, I believe in thoughtful opinions loosely held. I try not to get attached. It’s why I like liquid positions. If I change my mind, the thesis or odds change etc, I don’t stick around.

1

0

6

@lundeen_ne

Ryan Lundeen

2 months

My Robinhood account I funded on June 24, 2024 is up approximately 85,000%* Here’s 10 things I’ve learned on my path to build generational wealth to have my money work for me, not me work for money 👉🧵

2

1

6

@lundeen_ne

Ryan Lundeen

4 months

You good $WBD?

2

0

6

@lundeen_ne

Ryan Lundeen

3 months

I don’t believe it. It goes against 1) logic, 2) everything Zaslav had talked about and signaled - including last week - about wanting further consolidation. $WBD

@wallstengine

Wall St Engine

3 months

Warner Bros Discovery $WBD is exploring options to split its streaming and studio businesses from its legacy TV networks, per FT. As per report, CEO David Zaslav is considering asset sales or forming a new company with Warner Bros and Max streaming service. The group's debt,

Tweet media one

1

4

14

1

0

6

@lundeen_ne

Ryan Lundeen

18 days

“YOU DONT OWN THE ASSETS!” $BABA

Tweet media one

2

0

6

@lundeen_ne

Ryan Lundeen

5 months

@FoamOnTheRunway @ICBarrett Even Buffett said a business where you control the cash flow is worth more than a business where you don’t. $OET is the gold standard for how to play a commodity business cycle. They told you from the start they’re playing a cycle. They got some ships, made profits, paid it all

1

0

6

@lundeen_ne

Ryan Lundeen

3 months

Heinz should’ve remained independent. $KHC

Tweet media one

Tweet media two

2

0

6

@lundeen_ne

Ryan Lundeen

6 days

“Intriguingly, as the date for the airing of the documentary has drawn near, a number of high-value wallets from the “Satoshi era” have become active for the first time since 2009.”

@POLITICOEurope

POLITICOEurope

@POLITICOEurope

11 days

A new HBO documentary claims to have cracked the true identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto. If its findings are widely accepted, it could send shockwaves through world financial markets and even the US presidential election.

421

219

1K

1

0

7

@lundeen_ne

Ryan Lundeen

2 months

My son’s artwork at preschool yesterday. I think he’s a pragmatist.

Tweet media one

1

0

6

@lundeen_ne

Ryan Lundeen

4 months

Correction: three $PARA

Tweet media one

@lundeen_ne

Ryan Lundeen

5 months

Two Twitter arenas I refuse to enter: $MTCH and foot fungus

0

0

3

1

0

6

@lundeen_ne

Ryan Lundeen

3 months

Tonight’s slightly interesting/totally useless info $PG same auditor since 1890 (Deloitte & Touche) $GM Deloitte & Touche 1918 $JNJ PricewaterhouseCoopers “at least” 1920 $KO Ernst & Young 1921 $DIS PricewaterhouseCoopers 1938 $GE KPMG 1909-2020, Deloitte & Touche present

1

0

6

@lundeen_ne

Ryan Lundeen

5 months

@loneelmcapital “Heads, I win; Tails, I don’t lose much.” 🚩 Every. Single. Time.

0

0

2

@lundeen_ne

Ryan Lundeen

2 months

Two ways to approach the market 1. You est. what something is worth to you - in which case you shouldn’t care what market prices it at or 2. You guess what something will be worth to others & when - in which case it’s pointless to complain if the market doesn’t agree with you

3

0

6

@lundeen_ne

Ryan Lundeen

2 months

More time later tonight but initial $WBD reaction is par for course TTM Rev | EBITDA Studio: -1.1% | -5.5% Networks: -2.3% | -1.9% DTC: -1.6% | -75% (nm) Subs * ARPU up 6% Max int’l rollout didn’t start til end of May so next Q first full 2Q (per share) OCF: $1.65 Capex: $1.56

1

0

6

@lundeen_ne

Ryan Lundeen

8 days

@Alpaca_Capital @Josh_Young_1 @sequoia @shaunmmaguire Can’t remember where I read it but always stuck with me the idea that a big way smartest people often fail is b/c they’re better at articulating/debating their ideas. So smart that it works against them b/c they have the mental capacity to outmaneuver people who are right.

3

0

6

@lundeen_ne

Ryan Lundeen

5 months

@TheSeeqer @FoamOnTheRunway @ICBarrett Agreed. I always enjoy that. And have no feelings one way or the other really. Wasn’t trying to be provocative. Just shared my thoughts after looking at it again. I traded it last year for ~50% gain and then went to $NOL.OL for another 25%. No problem with trading a sardine.

0

0

5

@lundeen_ne

Ryan Lundeen

4 months

@PetitRetard Stay on LinkedIn.

0

0

6

@lundeen_ne

Ryan Lundeen

4 months

@bentan__ Would Visa, Schwab, BlackRock and MSCI have become what they are today if they’d stayed under banks umbrella, though?

1

0

6

@lundeen_ne

Ryan Lundeen

3 months

Why is nobody talking about the fact we found the Eye of Sauron on Venus in 1993?

Tweet media one

1

0

6

@lundeen_ne

Ryan Lundeen

1 month

@WTIBull @BichonRedux If you’re not going to independently research a business in depth, you can’t place blame on management if it doesn’t work out. It’s on you. Calvin asked how he was supposed to know. WTI told him. Now people say that’s an autistic level of detail to know.

1

0

6

@lundeen_ne

Ryan Lundeen

3 months

When you ask Karen, the head of IR, if there’s any more annual reports, and she lives up to the name.

Tweet media one

4

1

6

@lundeen_ne

Ryan Lundeen

2 months

My 3yr old pronounces ‘tornado’ as “tomato” So our storm a couple nights ago, “Are those the tomato sirens?” “Yep (given up trying to correct it), and what do they tell us?” “That there’s a tomato in the sky.” Way he says it melts my heart every time.

0

0

5

@lundeen_ne

Ryan Lundeen

3 months

@returnoncap I’d have to find it but a year or so ago he talked about banks and his comment suggested the only reason he kept holding $BAC while he sold every other bank was because of his ‘promise’ to them during GFC when he made the original deal. But…then still a surprise he’s selling ha

1

0

6

@lundeen_ne

Ryan Lundeen

2 months

Price drives narrative (and analyst ratings) every single time.

@KonekoResearch

KonekoResearch

@KonekoResearch

2 months

$VNO BMO upgrades VNO. Prime Manhattan retail has fully recovered to 2019 valuation. BMO believes NYU will take over 700 Broadway (META leaving).

Tweet media one

1

1

5

0

0

6

@lundeen_ne

Ryan Lundeen

24 days

I had a conversation with Adequate Ryan once where we talked about his approach of basically finding one theme per decade to play, buy it early & sit His was uranium. (I think) was up 300% last we talked Basically extreme punchcard method Really does make you think differently

1

0

6

@lundeen_ne

Ryan Lundeen

5 months

@ICBarrett @Ultradeep3 Good comments. We’ll see what happens. If rates keep going up, RIG will be a good trade. But not much “intrinsic/terminal value” imo.

1

0

4

@lundeen_ne

Ryan Lundeen

2 months

@PedroLamento @david_katunaric For the record, it’s not no reason. It’s a petty reason. I like David. I like the little study thing. And I don’t give a fuck about Luke. Don’t tell people to leave fintwit if they don’t like popular ideas and trash talk other stocks but get salty when it’s dished back.

1

0

4