Tsachy Mishal

$CI had an analyst day yesterday. They reaffirmed 2026 earnings (on the last day of the quarter) and said 2027 will grow at least 10%. They are now at less than 8 times 2027 earnings

This article recounts how Israel trained dogs to rape Palestinian men. If you believe this I have a bridge to sell you. I would laugh but shit like this causes anti semitism. There are a lot of stupid people who believe this nonsense

With the caveat that software is dead, I am once again back with my old friend $CHKP. $CHKP trades at an EV of $9.5 billion and is expected to produce $1.25 billion in cash this year. At the current price they would repurchase nearly 15% of the float over the next 12 months

he shortfall was in the sales of physical firewalls. There is a world in which this is a hiccup . $FTNT had a fine quarter, pointing to the fact this was a sales force related problem. If the sales force shakeup works they could see double digit growth one day

With the caveat that software is dead, I am once again back with my old friend $CHKP. $CHKP trades at an EV of $9.5 billion and is expected to produce $1.25 billion in cash this year. At the current price they would repurchase nearly 15% of the float over the next 12 months

Realizing that he was not a salesperson, Gil hired a new CEO he believed would be better at sales. The shakeup of the sales force this past quarter did not go smoothly as salespeople were assigned to new roles & there was confusion

With the caveat that software is dead, I am once again back with my old friend $CHKP. $CHKP trades at an EV of $9.5 billion and is expected to produce $1.25 billion in cash this year. At the current price they would repurchase nearly 15% of the float over the next 12 months

I believe that the Bollore/Vivendi decision was a complete victory for Bollore and it being sent back to the court of appeals is a mere formailty. The high court indicated that procedurally the case was handled incorrectly but the eventual outcome is not uncertain

However, since the AMF never showed their math and it was never introduced as evidence all the high court could do is send it back so that it done properly

I believe that the Bollore/Vivendi decision was a complete victory for Bollore and it being sent back to the court of appeals is a mere formailty. The high court indicated that procedurally the case was handled incorrectly but the eventual outcome is not uncertain

The high court goes on to clearly state how you determine control. If only voting rights can be considered and not other soft factors than one must hold the majority of the shares voted at the annual meeting.

I believe that the Bollore/Vivendi decision was a complete victory for Bollore and it being sent back to the court of appeals is a mere formailty. The high court indicated that procedurally the case was handled incorrectly but the eventual outcome is not uncertain

The first procedural mistake was that the AMF did not show the math on why Bollore did not control Vivendi

Russell 2000/ S&P 600 To be in the S&P 600 you have to be profitable. Recently, profitability is a liability

I believe AI is a negative for tech companies that make money from ads - There will be greater competition from new players like OpenAI - AI is a massive additional cost, even in a world where they keep the same ad dollars they otherwise would have gotten

A DEI professor at a Canadian university thinks synagogues are fair game. She has since deleted her account. This is what the more educated people in the Free Palestine movement want to do to Jews. Never mind the common man

Let's say OpenAI is wildly successful and this contract works out well for $ORCL. Why would OpenAI renew it, and give $ORCL great economics, once it has the financial strength to pay for it's own capex

Started a position in $CHTR as they begin winding down their multi year elevated capex plans and the stock trades down to near multi year lows. $CHTR is currently a mid double digit FCF yield and should be closer to 20% once the elevated capex is reduced in a year or two

$CHTR broadband subscriber losses accelerated in the June 2024 quarter, when broadband subsidies for poor people ended. $CHTR was estimated to have ~5 million customers using these subsidies

Started a position in $CHTR as they begin winding down their multi year elevated capex plans and the stock trades down to near multi year lows. $CHTR is currently a mid double digit FCF yield and should be closer to 20% once the elevated capex is reduced in a year or two