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Aninpooh
Aninpooh
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2022-08-19
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EV Stocks Slid in Morning Trading
EV Stocks Slid in Morning Trading.Tesla, Lucid, Rivian, Nio, Xpeng, Nikola, Canoo, Tusimple, Arrival and Fisker fell between 2% and 7%.
EV Stocks Slid in Morning Trading
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2022-08-19
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$100M College Whiz Who Scored As BBBY Squeezed Says He "Wasn't That Aware It Was A Meme"
ZINGER KEY POINTS“I wasn’t that aware it was a meme stock,” Jake Freeman told Benzinga.Investor focu
$100M College Whiz Who Scored As BBBY Squeezed Says He "Wasn't That Aware It Was A Meme"
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Aninpooh
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2022-08-17
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"The Mother of All Shorts" Is Also an Extremely Risky Trade
AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping s
"The Mother of All Shorts" Is Also an Extremely Risky Trade
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Aninpooh
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2022-07-15
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Aninpooh
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2022-06-20
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Reminder: U.S. Market Will Be Closed on June 20 for Juneteenth
Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday,
Reminder: U.S. Market Will Be Closed on June 20 for Juneteenth
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2022-05-10
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2022-05-10
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Aninpooh
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2022-05-08
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Intel: Q1 Earnings And Buffett's 10x Pretax Rule
SummaryThis is an updated coverage of an analysis I published in August 2021 on Intel Corporation.Th
Intel: Q1 Earnings And Buffett's 10x Pretax Rule
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2022-05-05
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2022-05-04
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Stocks Slid in Morning Trading.</p><p>Tesla, Lucid, Rivian, Nio, Xpeng, Nikola, Canoo, Tusimple, Arrival and Fisker fell between 2% and 7%.<img src=\"https://static.tigerbbs.com/2dfb71d7f5881d98d8207cc0512668ec\" tg-width=\"431\" tg-height=\"721\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","RIVN":"Rivian Automotive, Inc.","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134195721","content_text":"EV Stocks Slid in Morning Trading.Tesla, Lucid, Rivian, Nio, Xpeng, Nikola, Canoo, Tusimple, Arrival and Fisker fell between 2% and 7%.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NIO":0.9,"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":1852,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998921681,"gmtCreate":1660920944745,"gmtModify":1676536423836,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":"Thanks ","listText":"Thanks ","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998921681","repostId":"1117983793","repostType":4,"repost":{"id":"1117983793","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by 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referrerpolicy=\"no-referrer\"/><b>Jake Freeman</b>, the 20-year-old college student who reportedly banked $100 million trading Bed Bath and Beyond stock, purchased 4.69 million shares of the retailer <b>Bed Bath & Beyond Inc</b></p><p>BBBY in July at roughly $5.20 per share along with his uncle, Dr. <b>Scott Freeman.</b></p><p>That netted their Freeman Capital Management family fund a 6.21% passive stake in the meme stock.</p><p>“I wasn’t that aware it was a meme stock,” the University of Southern California student told Benzinga on Thursday.</p><p>“I approached it more from a mathematical side — looking at the balance sheet and the intersection of the debt side, the equity. I did not expect in any way the stock going up so fast.”</p><p><b>The Bed Bath & Beyond Investor's Plan:</b> In a July 21letter to Bed Bath & Beyond, the younger Freeman outlined Freeman Capital’s plan for the realignment of the retailer, which consisted of two crucial legs: cutting debt and raising capital.</p><p>Fast forward just four weeks later, coupled with a carefully orchestrated short squeeze by Reddit's WallStreetBets community known as the "Apes," shares of Bed Bath rocketed to $28.60 at the highs on Tuesday — the same day Freeman Capital exited its entire stake in the company.</p><p>Curiously, on the same day, <b>GameStop Corp.</b> Chairman <b>Ryan Cohen</b>, who sparked the Bed Bath & Beyond fanfare with the Apes, filed with the SEC saying he intended to sell as many as 9.45 million shares of the company beginning that day.</p><p>The Freeman Family Fund's sale was well-timed. It closed at more than $130 million after spending $25 million in the initial investment, netting around $105-$110 million, or between 420%-460%.</p><p><b>MindMed Shares Skyrocket:</b> Jake, who previously interned at Volaris Capital Management invests with his uncle Scott, who is the co-founder and former chief medical officer of <b>Mind Medicine (MindMed) Inc</b>. MindMed shares rocketed 77.4% from the previous day's highs on Thursday after the Bed Bath & Beyond sale was disclosed.</p><p><i>Read more: EXCLUSIVE: Food Wholesaler Talks Crazy Chicken And Beef Prices — 'Fresh Meat Arbitrage'</i></p><p>The investor focus is now on MindMed, which was originally a privately owned company, Savant, co-founded Scott.</p><p>The Freemans have built a 5.6% stake in the company and sent astrategic value enhancement planto MindMed, outlining the fund's interest in working "hand-in-hand" to cut the development time of MindMed's two original drugs and slash its annual cash-burn rate.</p><p>Analyzing the letter, which the younger Freeman confirmed to Benzinga, FCM is focusing on MindMed's core drugs, cutting cash burn and terminating MindMed's at-the-money equity offering.</p><p>“I’ve been in drug development since I was in high school,” Scott said in an Aug. 16 interview on the YouTube channel Psychedelic Invest.</p><p>“About 13 years ago I partnered with <b>Stephen Hurst</b> and we founded a company called Savant.It was a private company working on drugs to treat addiction.”</p><p>After MindMed bought Savant, where he was previously CMO, Scott became the company's first CMO. Heleft the organizationaround a year after he arrived, making him the first senior member of the team to do so.</p><p>Benzinga asked the younger Freeman why Scott left the company; he said he could not divulge the reason for Freeman’s departure due to a non-disclosure agreement.</p><p>“As a co-founder,” Scott said in the aforementioned interview. “I’ve been sitting on the sidelines watching, and one of the reasons why I want to go back is that I think there are things that I think need to be done differently.”</p><p>In the letter to MindMed, the pair call for an overhaul of the company, including cutting 11 of its 22 employees; the elimination of more than $21.8 million in non-core expenditures; and half of its cash burn rate over time.</p><p>It also calls for the immediate development of a proposal to approach the FDA to upgrade its MM-120 drug from a Phase 2 trial to a Phase 3 trial, which the Freemans said could bring the drug to market in four years rather than the expected seven to eight years.</p><p>The enhancement plan calls for a 50% reduction in executive compensation as well.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$100M College Whiz Who Scored As BBBY Squeezed Says He \"Wasn't That Aware It Was A Meme\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$100M College Whiz Who Scored As BBBY Squeezed Says He \"Wasn't That Aware It Was A Meme\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-08-19 22:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2>ZINGER KEY POINTS</h2><ul><li>“I wasn’t that aware it was a meme stock,” Jake Freeman told Benzinga.</li><li>Investor focus now, however, is on MindMed, which was co-Founded by Jake's uncle.</li></ul><p><img src=\"https://static.tigerbbs.com/2254510fd8e5225fad6178e4e1680a38\" tg-width=\"5616\" tg-height=\"3744\" referrerpolicy=\"no-referrer\"/><b>Jake Freeman</b>, the 20-year-old college student who reportedly banked $100 million trading Bed Bath and Beyond stock, purchased 4.69 million shares of the retailer <b>Bed Bath & Beyond Inc</b></p><p>BBBY in July at roughly $5.20 per share along with his uncle, Dr. <b>Scott Freeman.</b></p><p>That netted their Freeman Capital Management family fund a 6.21% passive stake in the meme stock.</p><p>“I wasn’t that aware it was a meme stock,” the University of Southern California student told Benzinga on Thursday.</p><p>“I approached it more from a mathematical side — looking at the balance sheet and the intersection of the debt side, the equity. I did not expect in any way the stock going up so fast.”</p><p><b>The Bed Bath & Beyond Investor's Plan:</b> In a July 21letter to Bed Bath & Beyond, the younger Freeman outlined Freeman Capital’s plan for the realignment of the retailer, which consisted of two crucial legs: cutting debt and raising capital.</p><p>Fast forward just four weeks later, coupled with a carefully orchestrated short squeeze by Reddit's WallStreetBets community known as the "Apes," shares of Bed Bath rocketed to $28.60 at the highs on Tuesday — the same day Freeman Capital exited its entire stake in the company.</p><p>Curiously, on the same day, <b>GameStop Corp.</b> Chairman <b>Ryan Cohen</b>, who sparked the Bed Bath & Beyond fanfare with the Apes, filed with the SEC saying he intended to sell as many as 9.45 million shares of the company beginning that day.</p><p>The Freeman Family Fund's sale was well-timed. It closed at more than $130 million after spending $25 million in the initial investment, netting around $105-$110 million, or between 420%-460%.</p><p><b>MindMed Shares Skyrocket:</b> Jake, who previously interned at Volaris Capital Management invests with his uncle Scott, who is the co-founder and former chief medical officer of <b>Mind Medicine (MindMed) Inc</b>. MindMed shares rocketed 77.4% from the previous day's highs on Thursday after the Bed Bath & Beyond sale was disclosed.</p><p><i>Read more: EXCLUSIVE: Food Wholesaler Talks Crazy Chicken And Beef Prices — 'Fresh Meat Arbitrage'</i></p><p>The investor focus is now on MindMed, which was originally a privately owned company, Savant, co-founded Scott.</p><p>The Freemans have built a 5.6% stake in the company and sent astrategic value enhancement planto MindMed, outlining the fund's interest in working "hand-in-hand" to cut the development time of MindMed's two original drugs and slash its annual cash-burn rate.</p><p>Analyzing the letter, which the younger Freeman confirmed to Benzinga, FCM is focusing on MindMed's core drugs, cutting cash burn and terminating MindMed's at-the-money equity offering.</p><p>“I’ve been in drug development since I was in high school,” Scott said in an Aug. 16 interview on the YouTube channel Psychedelic Invest.</p><p>“About 13 years ago I partnered with <b>Stephen Hurst</b> and we founded a company called Savant.It was a private company working on drugs to treat addiction.”</p><p>After MindMed bought Savant, where he was previously CMO, Scott became the company's first CMO. Heleft the organizationaround a year after he arrived, making him the first senior member of the team to do so.</p><p>Benzinga asked the younger Freeman why Scott left the company; he said he could not divulge the reason for Freeman’s departure due to a non-disclosure agreement.</p><p>“As a co-founder,” Scott said in the aforementioned interview. “I’ve been sitting on the sidelines watching, and one of the reasons why I want to go back is that I think there are things that I think need to be done differently.”</p><p>In the letter to MindMed, the pair call for an overhaul of the company, including cutting 11 of its 22 employees; the elimination of more than $21.8 million in non-core expenditures; and half of its cash burn rate over time.</p><p>It also calls for the immediate development of a proposal to approach the FDA to upgrade its MM-120 drug from a Phase 2 trial to a Phase 3 trial, which the Freemans said could bring the drug to market in four years rather than the expected seven to eight years.</p><p>The enhancement plan calls for a 50% reduction in executive compensation as well.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MNMD":"Mind Medicine (MindMed) Inc.","BBBY":"Bed Bath & Beyond, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117983793","content_text":"ZINGER KEY POINTS“I wasn’t that aware it was a meme stock,” Jake Freeman told Benzinga.Investor focus now, however, is on MindMed, which was co-Founded by Jake's uncle.Jake Freeman, the 20-year-old college student who reportedly banked $100 million trading Bed Bath and Beyond stock, purchased 4.69 million shares of the retailer Bed Bath & Beyond IncBBBY in July at roughly $5.20 per share along with his uncle, Dr. Scott Freeman.That netted their Freeman Capital Management family fund a 6.21% passive stake in the meme stock.“I wasn’t that aware it was a meme stock,” the University of Southern California student told Benzinga on Thursday.“I approached it more from a mathematical side — looking at the balance sheet and the intersection of the debt side, the equity. I did not expect in any way the stock going up so fast.”The Bed Bath & Beyond Investor's Plan: In a July 21letter to Bed Bath & Beyond, the younger Freeman outlined Freeman Capital’s plan for the realignment of the retailer, which consisted of two crucial legs: cutting debt and raising capital.Fast forward just four weeks later, coupled with a carefully orchestrated short squeeze by Reddit's WallStreetBets community known as the \"Apes,\" shares of Bed Bath rocketed to $28.60 at the highs on Tuesday — the same day Freeman Capital exited its entire stake in the company.Curiously, on the same day, GameStop Corp. Chairman Ryan Cohen, who sparked the Bed Bath & Beyond fanfare with the Apes, filed with the SEC saying he intended to sell as many as 9.45 million shares of the company beginning that day.The Freeman Family Fund's sale was well-timed. It closed at more than $130 million after spending $25 million in the initial investment, netting around $105-$110 million, or between 420%-460%.MindMed Shares Skyrocket: Jake, who previously interned at Volaris Capital Management invests with his uncle Scott, who is the co-founder and former chief medical officer of Mind Medicine (MindMed) Inc. MindMed shares rocketed 77.4% from the previous day's highs on Thursday after the Bed Bath & Beyond sale was disclosed.Read more: EXCLUSIVE: Food Wholesaler Talks Crazy Chicken And Beef Prices — 'Fresh Meat Arbitrage'The investor focus is now on MindMed, which was originally a privately owned company, Savant, co-founded Scott.The Freemans have built a 5.6% stake in the company and sent astrategic value enhancement planto MindMed, outlining the fund's interest in working \"hand-in-hand\" to cut the development time of MindMed's two original drugs and slash its annual cash-burn rate.Analyzing the letter, which the younger Freeman confirmed to Benzinga, FCM is focusing on MindMed's core drugs, cutting cash burn and terminating MindMed's at-the-money equity offering.“I’ve been in drug development since I was in high school,” Scott said in an Aug. 16 interview on the YouTube channel Psychedelic Invest.“About 13 years ago I partnered with Stephen Hurst and we founded a company called Savant.It was a private company working on drugs to treat addiction.”After MindMed bought Savant, where he was previously CMO, Scott became the company's first CMO. Heleft the organizationaround a year after he arrived, making him the first senior member of the team to do so.Benzinga asked the younger Freeman why Scott left the company; he said he could not divulge the reason for Freeman’s departure due to a non-disclosure agreement.“As a co-founder,” Scott said in the aforementioned interview. “I’ve been sitting on the sidelines watching, and one of the reasons why I want to go back is that I think there are things that I think need to be done differently.”In the letter to MindMed, the pair call for an overhaul of the company, including cutting 11 of its 22 employees; the elimination of more than $21.8 million in non-core expenditures; and half of its cash burn rate over time.It also calls for the immediate development of a proposal to approach the FDA to upgrade its MM-120 drug from a Phase 2 trial to a Phase 3 trial, which the Freemans said could bring the drug to market in four years rather than the expected seven to eight years.The enhancement plan calls for a 50% reduction in executive compensation as well.","news_type":1,"symbols_score_info":{"BBBY":0.9,"MNMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993429497,"gmtCreate":1660717985921,"gmtModify":1676536386282,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":" Thanks ","listText":" Thanks ","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993429497","repostId":"1121757689","repostType":4,"repost":{"id":"1121757689","kind":"news","pubTimestamp":1660714565,"share":"https://ttm.financial/m/news/1121757689?lang=&edition=fundamental","pubTime":"2022-08-17 13:36","market":"us","language":"en","title":"\"The Mother of All Shorts\" Is Also an Extremely Risky Trade","url":"https://stock-news.laohu8.com/highlight/detail?id=1121757689","media":"Bloomberg","summary":"AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping s","content":"<div>\n<p>AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping short sellers at bayBy any conventional measure, AMTD Digital Inc. is one of the world’s most ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-17/-the-mother-of-all-shorts-is-also-an-extremely-dangerous-trade\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"The Mother of All Shorts\" Is Also an Extremely Risky Trade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"The Mother of All Shorts\" Is Also an Extremely Risky Trade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 13:36 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-08-17/-the-mother-of-all-shorts-is-also-an-extremely-dangerous-trade><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping short sellers at bayBy any conventional measure, AMTD Digital Inc. is one of the world’s most ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-17/-the-mother-of-all-shorts-is-also-an-extremely-dangerous-trade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-17/-the-mother-of-all-shorts-is-also-an-extremely-dangerous-trade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121757689","content_text":"AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping short sellers at bayBy any conventional measure, AMTD Digital Inc. is one of the world’s most overvalued stocks.The barely profitable Hong Kong financial services firm trades at more than 400 times its latest fiscal-year earnings, compared with about 6 times for Goldman Sachs Group Inc., according to Bloomberg-compiled data. Even after tumbling more than 90% from its peak in early August, AMTD Digital’s 2,221% gain since listing in New York five weeks ago rivals GameStop Corp.’s surge at the peak of meme-stock mania.One analyst has called AMTD Digital -- whose leader is appealing a ban from Hong Kong’s securities industry -- “the mother of all shorts.”Yet ask professional short sellers about the stock, and they’re more likely to say it’s incredibly risky to bet against. AMTD’s tiny free float and low turnover makes borrowing shares prohibitively expensive for short sellers, while its extreme volatility could wipe out bearish positions in an instant.“As a professional short seller, you want to stay a mile away from this,” Soren Aandahl, whose Blue Orca Capital is best known for betting against companies based in China and Hong Kong, said in an interview. “It’s so enormously volatile that it’s really dangerous.”That reticence helps explain why AMTD Digital -- little-known even within Hong Kong financial circles until its eye-popping gain -- is still valued at more than $30 billion, making it bigger than about half the companies in the S&P 500 Index.With stocks like GameStop and Bed Bath & Beyond Inc. climbing once again, AMTD Digital offers a stark reminder that seemingly irrational gains can last far longer than one would expect even in the age of meme investing. That’s partly because shorting the stocks is so risky, a lesson that hedge funds including Melvin Capital Management learned the hard way.AMTD Digital has been raising eyebrows across Wall Street after a mysterious rally that exceeded 32,000% at its peak. At one point the company was worth about $400 billion on paper, more than the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co. Other newcomers from Hong Kong or mainland China have also posted similarly inexplicable gains, catching the attention of US regulators.AMTD Digital hasn’t returned multiple requests for comment. It said in an Aug. 2 statement titled “Thank you note to investors” that it’s monitoring the market for any trading abnormalities and doesn’t know of any “material circumstances, events, nor other matters” that could be affecting the stock price.Market observers interviewed by Bloomberg have been baffled by the move. Tellimer Ltd. became the first and sole brokerage to initiate coverage of the company, according to data compiled by Bloomberg, assigning it a sell rating on Monday in a report titled “AMTD Digital: The mother of all shorts.”While the gains in AMC and GameStop were fueled by by a coordinated effort among retail investors to squeeze short sellers, Tellimer analyst Nirgunan Tiruchelvam said AMTD “seems to be a very curious case.”AMTD Digital’s short interest as a percentage of shares outstanding is less than 0.1%, according to Markit data. One big deterrent for bears is the excessively high cost of borrowing the stock to sell it short. AMTD Digital’s IPO prospectus lists revenue from contracts with customers of just $21.5 million and profit of $23.9 million for the ten months ended in February.As of Monday, investors needed to pay an annualized interest rate of 900%, according to Blue Orca’s Aandahl. That compares to about 1% for companies with large market capitalization.Only about 10% of AMTD shares are available for trading, limiting the pool for investors and making the stock susceptible to wild swings.“There’s much easier things to short,” Aandahl said.","news_type":1,"symbols_score_info":{"HKD":0.9}},"isVote":1,"tweetType":1,"viewCount":2471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076227186,"gmtCreate":1657854504745,"gmtModify":1676536073364,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":"Thanks. ","listText":"Thanks. ","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076227186","repostId":"2251610452","repostType":4,"isVote":1,"tweetType":1,"viewCount":1753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040522101,"gmtCreate":1655686771003,"gmtModify":1676535684835,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":" Thanks. ","listText":" Thanks. ","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040522101","repostId":"1145347873","repostType":4,"repost":{"id":"1145347873","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1655263188,"share":"https://ttm.financial/m/news/1145347873?lang=&edition=fundamental","pubTime":"2022-06-15 11:19","market":"us","language":"en","title":"Reminder: U.S. Market Will Be Closed on June 20 for Juneteenth","url":"https://stock-news.laohu8.com/highlight/detail?id=1145347873","media":"Tiger Newspress","summary":"Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday,","content":"<html><head></head><body><p>Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday, 20 June 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><h2><img src=\"https://static.tigerbbs.com/4989a261ddb67ec705ca36de413a2f98\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/>What is Juneteenth and why is it a holiday?</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7bf04d06d6904956a7564f3d1ccafe6\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>People gather at a Juneteenth rally in 2020 in Brooklyn, N.Y.</span></p><p>Juneteenth, a portmanteau of June 19, is a holiday that honors the last enslaved Black people in Texas learning they were free.</p><p>On June 19, 1865, federal troops marched on Galveston, Texas, to take control of the state. Even though the Civil War had been over for two months, slavery remained in Texas.</p><p>Union General Gordon Granger arrived in Texas and famously read General Orders No. 3, which stated, “The people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free.”</p><p>That day came two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on Jan. 1, 1863. Not all states immediately ended slavery when Lincoln signed the order during the Civil War.</p><p>While other dates — such as the Confederate Army’s surrender in the Civil War, the ratification of the 13th Amendment abolishing slavery, or the day Lincoln signed the Emancipation Proclamation — could similarly be viewed as the “end” of slavery in the U.S., Juneteenth is the day most people associate with its conclusion.</p><p>Congress moved to establish Juneteenth as a federal holiday in June 2021, and the holiday went into effect immediately. The bill, signed into law by President Biden, designated the date as Juneteenth National Independence Day.</p><p>June 19 this year falls on a Sunday, so most federal employees will get Monday, June 20 off. Some private companies last year also made Juneteenth a paid holiday for employees.</p><p>Congress had not added a federal holiday since Martin Luther King Day in 1983.</p><p>Juneteenth celebrations may include religious services, educational events, family gatherings and festivals. Some areas of the country, including Kansas and Texas, have had parades on Juneteenth.</p><p>Despite the U.S. recognizing Juneteenth as a federal holiday last year, many Americans still didn’t know the meaning of the observance. In a 2021 Gallup survey, 28% of U.S. adults said they knew “nothing at all” about Juneteenth.</p><p>Awareness of the date’s significance also broke along party lines. The survey found that 16% of Democrats knew “nothing at all” about Juneteenth, compared with 45% of Republicans.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. Market Will Be Closed on June 20 for Juneteenth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: U.S. Market Will Be Closed on June 20 for Juneteenth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-15 11:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday, 20 June 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><h2><img src=\"https://static.tigerbbs.com/4989a261ddb67ec705ca36de413a2f98\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/>What is Juneteenth and why is it a holiday?</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7bf04d06d6904956a7564f3d1ccafe6\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>People gather at a Juneteenth rally in 2020 in Brooklyn, N.Y.</span></p><p>Juneteenth, a portmanteau of June 19, is a holiday that honors the last enslaved Black people in Texas learning they were free.</p><p>On June 19, 1865, federal troops marched on Galveston, Texas, to take control of the state. Even though the Civil War had been over for two months, slavery remained in Texas.</p><p>Union General Gordon Granger arrived in Texas and famously read General Orders No. 3, which stated, “The people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free.”</p><p>That day came two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on Jan. 1, 1863. Not all states immediately ended slavery when Lincoln signed the order during the Civil War.</p><p>While other dates — such as the Confederate Army’s surrender in the Civil War, the ratification of the 13th Amendment abolishing slavery, or the day Lincoln signed the Emancipation Proclamation — could similarly be viewed as the “end” of slavery in the U.S., Juneteenth is the day most people associate with its conclusion.</p><p>Congress moved to establish Juneteenth as a federal holiday in June 2021, and the holiday went into effect immediately. The bill, signed into law by President Biden, designated the date as Juneteenth National Independence Day.</p><p>June 19 this year falls on a Sunday, so most federal employees will get Monday, June 20 off. Some private companies last year also made Juneteenth a paid holiday for employees.</p><p>Congress had not added a federal holiday since Martin Luther King Day in 1983.</p><p>Juneteenth celebrations may include religious services, educational events, family gatherings and festivals. Some areas of the country, including Kansas and Texas, have had parades on Juneteenth.</p><p>Despite the U.S. recognizing Juneteenth as a federal holiday last year, many Americans still didn’t know the meaning of the observance. In a 2021 Gallup survey, 28% of U.S. adults said they knew “nothing at all” about Juneteenth.</p><p>Awareness of the date’s significance also broke along party lines. The survey found that 16% of Democrats knew “nothing at all” about Juneteenth, compared with 45% of Republicans.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145347873","content_text":"Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday, 20 June 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.What is Juneteenth and why is it a holiday?People gather at a Juneteenth rally in 2020 in Brooklyn, N.Y.Juneteenth, a portmanteau of June 19, is a holiday that honors the last enslaved Black people in Texas learning they were free.On June 19, 1865, federal troops marched on Galveston, Texas, to take control of the state. Even though the Civil War had been over for two months, slavery remained in Texas.Union General Gordon Granger arrived in Texas and famously read General Orders No. 3, which stated, “The people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free.”That day came two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on Jan. 1, 1863. Not all states immediately ended slavery when Lincoln signed the order during the Civil War.While other dates — such as the Confederate Army’s surrender in the Civil War, the ratification of the 13th Amendment abolishing slavery, or the day Lincoln signed the Emancipation Proclamation — could similarly be viewed as the “end” of slavery in the U.S., Juneteenth is the day most people associate with its conclusion.Congress moved to establish Juneteenth as a federal holiday in June 2021, and the holiday went into effect immediately. The bill, signed into law by President Biden, designated the date as Juneteenth National Independence Day.June 19 this year falls on a Sunday, so most federal employees will get Monday, June 20 off. Some private companies last year also made Juneteenth a paid holiday for employees.Congress had not added a federal holiday since Martin Luther King Day in 1983.Juneteenth celebrations may include religious services, educational events, family gatherings and festivals. Some areas of the country, including Kansas and Texas, have had parades on Juneteenth.Despite the U.S. recognizing Juneteenth as a federal holiday last year, many Americans still didn’t know the meaning of the observance. In a 2021 Gallup survey, 28% of U.S. adults said they knew “nothing at all” about Juneteenth.Awareness of the date’s significance also broke along party lines. The survey found that 16% of Democrats knew “nothing at all” about Juneteenth, compared with 45% of Republicans.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065301562,"gmtCreate":1652142139156,"gmtModify":1676535038242,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":"Thanks. ","listText":"Thanks. ","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065301562","repostId":"2234884616","repostType":4,"isVote":1,"tweetType":1,"viewCount":2471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065303745,"gmtCreate":1652142091987,"gmtModify":1676535038225,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":"Thanks. ","listText":"Thanks. ","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065303745","repostId":"2234884616","repostType":4,"isVote":1,"tweetType":1,"viewCount":2069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062300107,"gmtCreate":1651996053009,"gmtModify":1676535011369,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":"Thanks. ","listText":"Thanks. ","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062300107","repostId":"1136606270","repostType":4,"repost":{"id":"1136606270","kind":"news","pubTimestamp":1651978218,"share":"https://ttm.financial/m/news/1136606270?lang=&edition=fundamental","pubTime":"2022-05-08 10:50","market":"us","language":"en","title":"Intel: Q1 Earnings And Buffett's 10x Pretax Rule","url":"https://stock-news.laohu8.com/highlight/detail?id=1136606270","media":"Seeking Alpha","summary":"SummaryThis is an updated coverage of an analysis I published in August 2021 on Intel Corporation.Th","content":"<html><head></head><body><p>Summary</p><ul><li>This is an updated coverage of an analysis I published in August 2021 on Intel Corporation.</li><li>The main update is twofold. First, it has just released its 2022 Q1 earnings and some of the financials in my original analysis need updating.</li><li>Second, the business fundamentals have also changed in several respects.</li><li>Both its fab initiative and Mobileye have achieved major milestones, and it also announced new R&D and fab investments in Europe.</li><li>All told, it is a growth stock priced as a value stock. It is similar to owning an equity bond with ~9% yield and coupon payments that grow up to ~9% per year.</li></ul><p>The investment thesis</p><p>This is an updated coverage of an analysis I published on August 26, 2021, on Intel Corporation (NASDAQ:INTC). That article argued that INTC was a good fit for Buffett’s 10xPretax Rule. At that time, it was valued at 10x of its pretax earnings, and the article argued it was similar to owning an equity bond with a 10% yield and at the same with a coupon payment that increases 6~9% per year.</p><p>Since then, a few things have changed and the thesis deserves a reassessment. The conclusion is that it is still a good fit for Buffett’s 10x pretax rule. And I am still maintaining my bullish thesis and am optimistic about its double-digit annual return potential in the next few years. More specifically, the updates will be twofold.</p><p>First, the bad news is that both the stock price and its earnings have declined since then. The earnings have declined faster than the price, so as a result, the valuation has slightly expanded to about 11.6x pretax earnings now. Thus, its valuation is not exactly the best fit for the 10x pre-tax rule anymore, but still pretty close. And we will interpret the valuation implications more closely when we review its financials released in the 2022 Q1 earnings call.</p><p>Secondly, this article will also provide an updated evaluation of its growth potential. Since my last thesis, there have been more developments in these new growth areas such as the fab initiatives and Mobileye. And in Q1 2022, 3 of its 6 newly formed business segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Going forward, it projects large CAPEX expenditures in the next few years (around $27B in 2022 alone) to support further growth. We will explore the implications of these developments in our thesis too.</p><p>What is Buffett’s 10x Pretax Rule?</p><p>As detailed in my other earlier writings, it is not a coincidence that many of Buffett's best and largest investment successes are from buying businesses at 10x pretax earnings, because:</p><blockquote><ul><li><i>Buying an average business that stagnates forever at 10x pretax would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond.</i></li><li><i>In case you get to buy an above-average business (like INTC here) at 10x pretax, then any growth would be a bonus on top of the 10% yield above, leading to a double-digit return.</i></li></ul></blockquote><p>As seen from the chart below, the market now presents INTC as such an opportunity. The following chart shows the price history of INTC and its 10x pretax earnings. Pretax earnings are also referred to as "EBT", Earnings Before Taxes, in this article. As seen, for a business like INTC, whenever the price is near or below 10x EBT, it had a good time to buy (and vice versa). At the time of my last analysis, its valuation was at 10x EBT, and now it is about 11.6x FW EBT. Not the exact fit for the 10x EBT rule, but pretty close.</p><p><img src=\"https://static.tigerbbs.com/1967f3ce8090057ad32e37940872e829\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: author based on Seeking Alpha data</p><p>So, in this case, even if INTC stagnates forever, by paying 11.6x pretax, the investment would already provide a 9% pretax earnings yield, directly comparable to a 9% yield bond. And to be seen next, INTC has an excellent prospect to grow also.</p><p>As also detailed in my earlier writings, a strong warning is in order here:</p><blockquote><ul><li><i>I am NOT suggesting you go out and start buying every/any stock that is below 10x EBT. Investors face two major risks A) quality risk or value trap, i.e., paying a bargain price for something of horrible quality, and B) valuation risk, i.e., paying too much for something of superb quality. The 10x pretax rule is mainly to avoid the type B risk AFTER the type A risk has been eliminated already.</i></li><li><i>Then how do we eliminate type A risks? I look for three things primarily. First, the business should have not an existential issue in the long run (largely a subjective judgment in the end). Second, the business should have no existential issue in the short run either. This can be quite reliably and objectively evaluated based on the cash flow and debt coverage. And finally, the business should have a decent chance to grow its earnings in the long term (and estimate the so-call perpetual growth rate). This will be a plus.</i></li></ul></blockquote><p>So with this framework, let’s examine INTC more closely.</p><p>INTC: does it have any short-term existential issues?</p><p>With INTC's market-leading position, scale, and management, I do not see any short-term survivability issues at all. As a matter of fact, INTC just affirmed a quite healthy 2022 outlook as shown below.</p><p>It projects a $76 billion revenue, representing a 2% year-over-year growth. And the management raised its EPS guidance by about $0.10 to $3.6 (non-GAAP) from its previous guidance. Note that the GAAP EPS outlook is $4.19. Also, the outlook for the tax rates is 9% in GAAP terms and 12% in non-GAAP terms. In my analysis here in this article, I used an effective tax rate of 10%.</p><p>Another reliable metric for checking on the short-term survival issue is debt coverage. The business is essentially debt-free with an average debt coverage above 50. Looking forward, its debt coverage will be a bit lower with the lowered EPS guidance and the heavy CAPEX expenditures expected. But it is still above 40 based on my projections, nowhere near levels that need to be concerned.</p><p><img src=\"https://static.tigerbbs.com/200376c4b4534816aa369f14a7fb1b48\" tg-width=\"640\" tg-height=\"342\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>INTC 2022 Q1 earnings report</p><p>NTC: does it have any long-term existential issues?</p><p>If any of us think INTC has issues surviving in the long term (say 10 to 20 years), it is probably mainly because of the competition from other chipmakers like Advanced Micro Devices (AMD), NVIDIA Corporation (NVDA), et al. I think these perceived threats are exaggerated for several reasons.</p><ul><li>Investors should not be too alarmed by the competition, especially not by the quarter-to-quarter fluctuations in their active users and margins. Furthermore, the pie is getting bigger at the same time. Emerging technologies such as autonomous driving, artificial intelligence, and smart appliances create an almost insatiable demand for chips. The global market for Multi-Core Processorswas estimated at $36.2 Billion in the year 2020. It is projected to reach $76.5 Billion by 2026, growing at a CAGR of 13.3%.</li><li><p>INTCiswell-positioned to compete on scale, existing products,new products, and its fabrication initiatives, etal.INTC's new CEO, Gelsinger's priorities on manufacturing are expected to tap into a high growth area and further diversify its revenue sources.</p></li><li><p>At the same time, the chip business also enjoys the government’s long-term support. The government now understands the chip business is a matter of national security. And INTC’s investment in foundry also enjoys support from the U.S. government. The Biden administration had recently pledged $52 billion toward building out domestic production.</p></li></ul><p>As such, the current valuation views INTC as a business that will never increase profits, but I think in the mid to long term, it will – which brings me to the third and last requirement.</p><p><img src=\"https://static.tigerbbs.com/41a248eab1f46afa2a4098a5aa40b741\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>INTC 2022 Q1 earnings report</p><p>INTC: what are its perpetual growth prospects?</p><p>With the above, I would be already happy to buy a quality business like INTC at 10x EBT if it stagnates forever. But in INTC's case, I think there are good perpetual growth prospects too. As detailed in my original article,</p><blockquote><i>In the long term (like 10 years or more), the growth rate is “simply”:</i></blockquote><blockquote><i>Longer-Term Growth Rate = ROCE * Reinvestment Rate</i></blockquote><blockquote><i>ROCE stands for the return on capital employed.</i></blockquote><p>Detailed analysis of ROCE has been provided in my earlier article and I will just show the results directly. As seen, it was able to maintain a respectably high ROCE over the past decade: on average 41.5% for the past decade.</p><p><img src=\"https://static.tigerbbs.com/e6191096d2e6607e35bf4282b47314dd\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: author.</p><p>I am optimistic that INTC can maintain and even improve its ROCE In the near future. It has been pursuing several high-growth and high-margin future directions. In Q1 2022, 3 of its 6 newly formed segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Mobileye saw a record quarterly revenue of $394M, up 5% YoY. Mobileye also demonstrated its Level 4 self-driving system in Jerusalem, a major milestone in preparation for its upcoming robotaxi services. IFS also saw record quarterly revenue up 175% YoY thanks to increased tool deliveries and increased automotive revenue.</p><p>Going forward, INTC projects large CAPEX expenditures in the next few years to support further growth. We will explore the sustainability and implications of the CAPEX expenditures next.</p><p><img src=\"https://static.tigerbbs.com/aab1977428c731dae6933f250fdb1426\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>INTC 2022 Q1 earnings report</p><p>With the ROCE estimated, we can estimate the long-term growth rate, as shown in the next chart. This table shows the long-term growth rate at different combinations of ROCE and reinvestment rate. I assume a 10~15% as a long-term reinvestment rate for INTC even though it will be reinvesting more in the next few years due to the foundry initiative. Note that in this table, I also added 2.5% of inflation to the growth rate. I think this is justified as INTC has demonstrated in the past it has the pricing power to adjust for inflation.</p><p>As seen, the long-term growth rate is in the single upper-digit range, about 6~9%. Now to put the pieces together and conclude:</p><ul><li>In INTC's case here, its current valuation is about 11.6x EBT, equivalent to a 9% yielding equity bond.</li><li>At the same time, there is a good prospect of 6%~9% long-term growth – a growth rate that can be funded organically and sustained by the business itself.</li><li>So an investment here is similar to owning a bond with a ~9% yield and at the same time with the coupon payment increase of 6~9% per year, leading to very favorable odds of double-digit return in the long term.</li></ul><p><img src=\"https://static.tigerbbs.com/d5999d8662191a542bafaddc136e268a\" tg-width=\"640\" tg-height=\"285\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: author.</p><p>Final thoughts and risks</p><p>This article analyzes INTC, an industry leader that is for sale around 11.6x EBT. The current valuation views INTC as a business will stagnate permanently. Well, under its current valuation, our investment generates a handsome return already if it does.</p><p>Furthermore, on the contrary, there are good odds that it can grow its profits, by a healthy 6~9% per year. Its strategic initiatives in AXG (Accelerated Computing Systems and Graphics Group), IFS (Intel Foundry Services), Mobileye, and new expansion of R&D and fab investments in Europe add further growth catalysts.</p><p>Although, INTC faces some macroscopic risks and also risks unique to its operations as detailed below:</p><ul><li>Macroscopic risks. The Ukraine/Russian conflict is a big near-term uncertainty. The ripple effects (such as disruption to the supply chain) create further and higher-order risks.</li><li>Also, the PC demand is showing a declining trend in the post-COVID market, which can soften the demand for INTC chips. The COVID pandemic has boosted PC demand when people change their working habits, and now the worldwide PC demand is showing signs of renormalization. The duration and degree of such decline is an uncertainty.</li><li>In the longer term, INTC competes with other players in the chip space. Even though INTC still dominates the chip market, it has lost significant market share to AMD in recent years.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel: Q1 Earnings And Buffett's 10x Pretax Rule</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel: Q1 Earnings And Buffett's 10x Pretax Rule\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 10:50 GMT+8 <a href=https://seekingalpha.com/article/4508340-intel-stock-q1-earnings-buffett-10x-pretax-rule><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThis is an updated coverage of an analysis I published in August 2021 on Intel Corporation.The main update is twofold. First, it has just released its 2022 Q1 earnings and some of the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4508340-intel-stock-q1-earnings-buffett-10x-pretax-rule\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4508340-intel-stock-q1-earnings-buffett-10x-pretax-rule","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136606270","content_text":"SummaryThis is an updated coverage of an analysis I published in August 2021 on Intel Corporation.The main update is twofold. First, it has just released its 2022 Q1 earnings and some of the financials in my original analysis need updating.Second, the business fundamentals have also changed in several respects.Both its fab initiative and Mobileye have achieved major milestones, and it also announced new R&D and fab investments in Europe.All told, it is a growth stock priced as a value stock. It is similar to owning an equity bond with ~9% yield and coupon payments that grow up to ~9% per year.The investment thesisThis is an updated coverage of an analysis I published on August 26, 2021, on Intel Corporation (NASDAQ:INTC). That article argued that INTC was a good fit for Buffett’s 10xPretax Rule. At that time, it was valued at 10x of its pretax earnings, and the article argued it was similar to owning an equity bond with a 10% yield and at the same with a coupon payment that increases 6~9% per year.Since then, a few things have changed and the thesis deserves a reassessment. The conclusion is that it is still a good fit for Buffett’s 10x pretax rule. And I am still maintaining my bullish thesis and am optimistic about its double-digit annual return potential in the next few years. More specifically, the updates will be twofold.First, the bad news is that both the stock price and its earnings have declined since then. The earnings have declined faster than the price, so as a result, the valuation has slightly expanded to about 11.6x pretax earnings now. Thus, its valuation is not exactly the best fit for the 10x pre-tax rule anymore, but still pretty close. And we will interpret the valuation implications more closely when we review its financials released in the 2022 Q1 earnings call.Secondly, this article will also provide an updated evaluation of its growth potential. Since my last thesis, there have been more developments in these new growth areas such as the fab initiatives and Mobileye. And in Q1 2022, 3 of its 6 newly formed business segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Going forward, it projects large CAPEX expenditures in the next few years (around $27B in 2022 alone) to support further growth. We will explore the implications of these developments in our thesis too.What is Buffett’s 10x Pretax Rule?As detailed in my other earlier writings, it is not a coincidence that many of Buffett's best and largest investment successes are from buying businesses at 10x pretax earnings, because:Buying an average business that stagnates forever at 10x pretax would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond.In case you get to buy an above-average business (like INTC here) at 10x pretax, then any growth would be a bonus on top of the 10% yield above, leading to a double-digit return.As seen from the chart below, the market now presents INTC as such an opportunity. The following chart shows the price history of INTC and its 10x pretax earnings. Pretax earnings are also referred to as \"EBT\", Earnings Before Taxes, in this article. As seen, for a business like INTC, whenever the price is near or below 10x EBT, it had a good time to buy (and vice versa). At the time of my last analysis, its valuation was at 10x EBT, and now it is about 11.6x FW EBT. Not the exact fit for the 10x EBT rule, but pretty close.Source: author based on Seeking Alpha dataSo, in this case, even if INTC stagnates forever, by paying 11.6x pretax, the investment would already provide a 9% pretax earnings yield, directly comparable to a 9% yield bond. And to be seen next, INTC has an excellent prospect to grow also.As also detailed in my earlier writings, a strong warning is in order here:I am NOT suggesting you go out and start buying every/any stock that is below 10x EBT. Investors face two major risks A) quality risk or value trap, i.e., paying a bargain price for something of horrible quality, and B) valuation risk, i.e., paying too much for something of superb quality. The 10x pretax rule is mainly to avoid the type B risk AFTER the type A risk has been eliminated already.Then how do we eliminate type A risks? I look for three things primarily. First, the business should have not an existential issue in the long run (largely a subjective judgment in the end). Second, the business should have no existential issue in the short run either. This can be quite reliably and objectively evaluated based on the cash flow and debt coverage. And finally, the business should have a decent chance to grow its earnings in the long term (and estimate the so-call perpetual growth rate). This will be a plus.So with this framework, let’s examine INTC more closely.INTC: does it have any short-term existential issues?With INTC's market-leading position, scale, and management, I do not see any short-term survivability issues at all. As a matter of fact, INTC just affirmed a quite healthy 2022 outlook as shown below.It projects a $76 billion revenue, representing a 2% year-over-year growth. And the management raised its EPS guidance by about $0.10 to $3.6 (non-GAAP) from its previous guidance. Note that the GAAP EPS outlook is $4.19. Also, the outlook for the tax rates is 9% in GAAP terms and 12% in non-GAAP terms. In my analysis here in this article, I used an effective tax rate of 10%.Another reliable metric for checking on the short-term survival issue is debt coverage. The business is essentially debt-free with an average debt coverage above 50. Looking forward, its debt coverage will be a bit lower with the lowered EPS guidance and the heavy CAPEX expenditures expected. But it is still above 40 based on my projections, nowhere near levels that need to be concerned.INTC 2022 Q1 earnings reportNTC: does it have any long-term existential issues?If any of us think INTC has issues surviving in the long term (say 10 to 20 years), it is probably mainly because of the competition from other chipmakers like Advanced Micro Devices (AMD), NVIDIA Corporation (NVDA), et al. I think these perceived threats are exaggerated for several reasons.Investors should not be too alarmed by the competition, especially not by the quarter-to-quarter fluctuations in their active users and margins. Furthermore, the pie is getting bigger at the same time. Emerging technologies such as autonomous driving, artificial intelligence, and smart appliances create an almost insatiable demand for chips. The global market for Multi-Core Processorswas estimated at $36.2 Billion in the year 2020. It is projected to reach $76.5 Billion by 2026, growing at a CAGR of 13.3%.INTCiswell-positioned to compete on scale, existing products,new products, and its fabrication initiatives, etal.INTC's new CEO, Gelsinger's priorities on manufacturing are expected to tap into a high growth area and further diversify its revenue sources.At the same time, the chip business also enjoys the government’s long-term support. The government now understands the chip business is a matter of national security. And INTC’s investment in foundry also enjoys support from the U.S. government. The Biden administration had recently pledged $52 billion toward building out domestic production.As such, the current valuation views INTC as a business that will never increase profits, but I think in the mid to long term, it will – which brings me to the third and last requirement.INTC 2022 Q1 earnings reportINTC: what are its perpetual growth prospects?With the above, I would be already happy to buy a quality business like INTC at 10x EBT if it stagnates forever. But in INTC's case, I think there are good perpetual growth prospects too. As detailed in my original article,In the long term (like 10 years or more), the growth rate is “simply”:Longer-Term Growth Rate = ROCE * Reinvestment RateROCE stands for the return on capital employed.Detailed analysis of ROCE has been provided in my earlier article and I will just show the results directly. As seen, it was able to maintain a respectably high ROCE over the past decade: on average 41.5% for the past decade.Source: author.I am optimistic that INTC can maintain and even improve its ROCE In the near future. It has been pursuing several high-growth and high-margin future directions. In Q1 2022, 3 of its 6 newly formed segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Mobileye saw a record quarterly revenue of $394M, up 5% YoY. Mobileye also demonstrated its Level 4 self-driving system in Jerusalem, a major milestone in preparation for its upcoming robotaxi services. IFS also saw record quarterly revenue up 175% YoY thanks to increased tool deliveries and increased automotive revenue.Going forward, INTC projects large CAPEX expenditures in the next few years to support further growth. We will explore the sustainability and implications of the CAPEX expenditures next.INTC 2022 Q1 earnings reportWith the ROCE estimated, we can estimate the long-term growth rate, as shown in the next chart. This table shows the long-term growth rate at different combinations of ROCE and reinvestment rate. I assume a 10~15% as a long-term reinvestment rate for INTC even though it will be reinvesting more in the next few years due to the foundry initiative. Note that in this table, I also added 2.5% of inflation to the growth rate. I think this is justified as INTC has demonstrated in the past it has the pricing power to adjust for inflation.As seen, the long-term growth rate is in the single upper-digit range, about 6~9%. Now to put the pieces together and conclude:In INTC's case here, its current valuation is about 11.6x EBT, equivalent to a 9% yielding equity bond.At the same time, there is a good prospect of 6%~9% long-term growth – a growth rate that can be funded organically and sustained by the business itself.So an investment here is similar to owning a bond with a ~9% yield and at the same time with the coupon payment increase of 6~9% per year, leading to very favorable odds of double-digit return in the long term.Source: author.Final thoughts and risksThis article analyzes INTC, an industry leader that is for sale around 11.6x EBT. The current valuation views INTC as a business will stagnate permanently. Well, under its current valuation, our investment generates a handsome return already if it does.Furthermore, on the contrary, there are good odds that it can grow its profits, by a healthy 6~9% per year. Its strategic initiatives in AXG (Accelerated Computing Systems and Graphics Group), IFS (Intel Foundry Services), Mobileye, and new expansion of R&D and fab investments in Europe add further growth catalysts.Although, INTC faces some macroscopic risks and also risks unique to its operations as detailed below:Macroscopic risks. The Ukraine/Russian conflict is a big near-term uncertainty. The ripple effects (such as disruption to the supply chain) create further and higher-order risks.Also, the PC demand is showing a declining trend in the post-COVID market, which can soften the demand for INTC chips. The COVID pandemic has boosted PC demand when people change their working habits, and now the worldwide PC demand is showing signs of renormalization. The duration and degree of such decline is an uncertainty.In the longer term, INTC competes with other players in the chip space. Even though INTC still dominates the chip market, it has lost significant market share to AMD in recent years.","news_type":1,"symbols_score_info":{"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068133708,"gmtCreate":1651731043339,"gmtModify":1676534958364,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":"Thanks. ","listText":"Thanks. ","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068133708","repostId":"2233046330","repostType":4,"isVote":1,"tweetType":1,"viewCount":2653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061581301,"gmtCreate":1651642861941,"gmtModify":1676534941707,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103546058868860","idStr":"4103546058868860"},"themes":[],"htmlText":"Thanks. ","listText":"Thanks. 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