AnalystEgg @AnalystEgg Twitter profile

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@DrugPolicyAu

AnalystEgg

@AnalystEgg

2 years

Hedge fund interview case studies get crazier every year

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AnalystEgg

@AnalystEgg

3 years

2021 HF performance, per Bloomberg

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AnalystEgg

@AnalystEgg

5 months

I saw a guy wearing a shooting sleeve to take one of the CFA exams

john

@johntrified

5 months

One of the Chinese engineers at the office is wearing a Nike shooting sleeve

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@AnalystEgg

2 years

new type of guy: socially conservative, fiscally liberal

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@AnalystEgg

7 months

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AnalystEgg

@AnalystEgg

1 year

@orange_peelbeef I think the same guy played Tony Soprano and Kevin Finnerty

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@AnalystEgg

4 months

@HighyieldHarry Seems silly but his lawsuit includes an email in which the same COO refers to him as the head of macro

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AnalystEgg

@AnalystEgg

3 years

What chip shortage?

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AnalystEgg

@AnalystEgg

2 years

“He’s an 8 but he builds financial models with the most recent fiscal year on the left” “He’s a 2”

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AnalystEgg

@AnalystEgg

3 years

Julian Robertson in 2002: "I can't tell you the number of bright young people here at Tiger who said over the years that General Electric has the most flagrantly aggressive accounting they have ever seen. Nobody cared for years." $GE

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AnalystEgg

@AnalystEgg

1 year

Spotted in the wild

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AnalystEgg

@AnalystEgg

10 months

Holiday season spending data looks strong so far. Details below from Adobe/Salesforce/Mastercard. The National Retail Federation expects 3-4% y/y growth in retail spending (ex. autos/gas/restaurants). This would be consistent w/ YTD trends (~3-4%) but better than recent months.

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AnalystEgg

@AnalystEgg

9 months

225x5 on back squat today 💪

AnalystEgg

@AnalystEgg

1 year

ACL surgery this morning, wish me luck Twitter fam

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AnalystEgg

@AnalystEgg

8 months

Tightest spread ever for a 10yr bond on new $PG issuance today: 0.37% (37bps) over the 10yr Treasury = 4.55% coupon on $750 million issuance

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AnalystEgg

@AnalystEgg

10 months

@hitsdiffcap This plan will work well as long as you don’t convert the proceeds back to USD

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AnalystEgg

@AnalystEgg

1 year

ACL surgery this morning, wish me luck Twitter fam

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AnalystEgg

@AnalystEgg

1 year

How much should one tip movers? 3 guys / 2hrs Already tipped my landlord and PM this month so I’m running low on funds :/

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AnalystEgg

@AnalystEgg

1 year

People bullish on stocks today clearly weren’t around for the Central Bank of Mesopotamia’s hiking cycle in 300BC…..

Gunjan Banerji

@GunjanJS

1 year

Bofa has a chart of rates going back to **3000 B.C.** Says rates are coming off "5000-year lows"

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AnalystEgg

@AnalystEgg

10 months

Wow $M Investor Group Launches $5.8 Billion Buyout Bid for Macy's -- WSJ *Group's Proposal Values Macy's at $21 a Share, or $5.8B, Sources Say -- WSJ *ARKHOUSE, BRIGADE CAPITAL SUBMITTED BID FOR MACY'S DEC.1: WSJ

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AnalystEgg

@AnalystEgg

1 year

Operation was successful, thank you for the well wishes everyone!

AnalystEgg

@AnalystEgg

1 year

ACL surgery this morning, wish me luck Twitter fam

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AnalystEgg

@AnalystEgg

3 years

@John_Hempton “Don’t come in mom, I’m doing due diligence”

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AnalystEgg

@AnalystEgg

3 years

PHILIP MORRIS MAY REVISIT DEAL TALKS W/ ALTRIA: MORGAN STANLEY $PM $MO @lhamtil @sinstockpapi

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AnalystEgg

@AnalystEgg

2 years

Long day looking at screens at work, can’t wait to get home and relax by looking at different screens

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AnalystEgg

@AnalystEgg

2 years

S&P 500 FCF yield (~4.8%) is below the yield-to-worst of BBB-rated corporate bonds (~5.2%)

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AnalystEgg

@AnalystEgg

1 year

@CocoDeAqua Imagine posting this in a plastic fridge

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AnalystEgg

@AnalystEgg

3 years

Idea for food delivery companies to show margin improvement: Pay drivers in stock and then adjust SBC out of your adj. EBITDA margins

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AnalystEgg

@AnalystEgg

2 years

@Swapflation Sent by an anonymous analyst 🤷‍♂️

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AnalystEgg

@AnalystEgg

1 year

“X is already cash flow positive not including the cost of servicing debt. The company expects to reach that milestone even including debt by the back half of 2024” 💀

aisha counts

@aishacounts

1 year

X's Linda Yaccarino met with bankers today and laid out the company's financial plan:

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AnalystEgg

@AnalystEgg

1 year

Got into an Uber (at 3PM) and the driver is playing the Fred Again Boiler Room set from the tablet mounted on his dashboard ⭐️⭐️⭐️⭐️⭐️

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AnalystEgg

@AnalystEgg

2 years

Just one beer…

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AnalystEgg

@AnalystEgg

2 years

Cool picture of my great grandmother in her speedboat (late 1930’s)

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AnalystEgg

@AnalystEgg

1 year

@hedgefundsuit 15% is standard in nyc

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AnalystEgg

@AnalystEgg

2 years

@tom_morganKCP In Bruges

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AnalystEgg

@AnalystEgg

1 year

This was a sick look

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@AnalystEgg

3 years

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@AnalystEgg

3 years

@hfrcapital But these are the names I want to own for 5-10 years… *ignores 15yrs it took for Nasdaq to revisit 2000 levels*

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AnalystEgg

@AnalystEgg

11 months

Imagine being the workout professional in charge of restructuring the South Park deal

junkbondinvestor

@junkbondinvest

11 months

Carlyle's credit group looking for a workout VP for their direct lending book If you know anyone, check this out!

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AnalystEgg

@AnalystEgg

6 months

Big news out today, WSJ reporting that $PARA has entered 30-day exclusive talks with Skydance Media and that $APO made a $26bn bid on Sunday (~55% implied upside to yday's closing price). Stock was up ~15% and bonds were ~unchanged.

AnalystEgg

@AnalystEgg

6 months

Anyone out there with views on the $PARA cap stack? S&P just downgraded the co to BB+, likely invalidating change of control protections for bondholders. This would make a sale of the company much easier to finance as existing debt wouldn’t need to be refinanced

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AnalystEgg

@AnalystEgg

5 months

@ArmsGarrett @JMihaljevic Now look at free cash flow and see what kind of multiple you are paying. Auto OEMs always look cheap on P/E

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AnalystEgg

@AnalystEgg

2 years

College students in IB interviews: *Ray Liotta voice* As far back as I can remember, I always wanted to be an investment banker

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AnalystEgg

@AnalystEgg

1 year

Two good charts from BAML on slowing income growth and spending from high-income consumers

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AnalystEgg

@AnalystEgg

2 years

Our team has 30 billion years of combined experience investing in tech companies.

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AnalystEgg

@AnalystEgg

7 months

@bucketshopcap Unironically think private credit is probably taking many of the incremental dollars that might otherwise be going to HFs. Low-teens returns, ~similar liquidity profile and tax treatment, stronger marketing push from big alts shops

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AnalystEgg

@AnalystEgg

1 year

I wonder if any Euro auto analysts on the sell-side have ever used ‘Beamer, Benz, or Bentley’ for a title on a note about German OEMs

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AnalystEgg

@AnalystEgg

4 months

Sent this to my boss No response

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AnalystEgg

@AnalystEgg

2 years

Dystopian thought: Targeted advertising for assisted suicide facilities

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AnalystEgg

@AnalystEgg

1 year

@junkbondinvest If you’re comparing 70bps widening vs. 130bps tightening, of course it will be a skewed upside downside

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AnalystEgg

@AnalystEgg

2 years

In London (staying in Chelsea) until Wednesday morning, any recommendations for fun things to do tonight/tomorrow night? Cool bars, live music, etc.

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AnalystEgg

@AnalystEgg

10 months

Some thoughts: 1) Curious to see how $KSS and $JWN trade tomorrow. Both have previously explored take-privates: Nordstrom family offered $50/share back in 2018 (rejected by board) and $KSS explored a sale last yr. $M shares have outperformed both significantly since YE19:

AnalystEgg

@AnalystEgg

10 months

Wow $M Investor Group Launches $5.8 Billion Buyout Bid for Macy's -- WSJ *Group's Proposal Values Macy's at $21 a Share, or $5.8B, Sources Say -- WSJ *ARKHOUSE, BRIGADE CAPITAL SUBMITTED BID FOR MACY'S DEC.1: WSJ

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AnalystEgg

@AnalystEgg

2 years

@SirBaby6 In no particular order: 1) large debt load from SAB acq. that ultimately drove dividend cut 2) FX has been a major headwind as SAB deal skewed biz towards non-USD denominated revs/EBITDA while debt load was largely USD 3) core cash cow biz (N.America) has faced headwinds from…

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AnalystEgg

@AnalystEgg

5 months

@elasticretreat I don’t have an answer but think it is worth remembering that polling in 2022 led to everyone expecting a ‘Red Wave’ that didn’t materialize

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AnalystEgg

@AnalystEgg

9 months

Evolution of Vans sales growth trends, per Engaged Capital's activist presentation. CAGR'd in mid-/high-teens in FY10-FY20. Engaged estimates that Vans' segment margin has declined from >23% in FY20 to ~13% in FY23. $VFC Full presentation:

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@AnalystEgg

2 years

@spooky_JL Have heard it is Dwayne Johnson’s family office. Very secretive.

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AnalystEgg

@AnalystEgg

2 years

Lengthy note on Charter’s capital structure (collaboration between equity + credit analysts) published yesterday by GS, worth a read for equity folks looking at the name $CHTR

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AnalystEgg

@AnalystEgg

2 years

@trad_academic @RichardHanania

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@AnalystEgg

2 years

One of the best TikToks I have seen. Growing an army of 1.4 million frogs. The invasion has begun…

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AnalystEgg

@AnalystEgg

1 year

@crotchner2 Hahaha that’s crazy, what’s her @?

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AnalystEgg

@AnalystEgg

9 months

@tangentstyle My first firm (large asset manager) had a research system that went back to the 90s. Was able to go in and read original note on Amazon IPO, coverage of Lehman in ‘08, and some old Trump-backed high yield casino bonds deals. Very cool to see ppl’s real-time thinking

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AnalystEgg

@AnalystEgg

9 months

About to pop this in like a Zyn

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AnalystEgg

@AnalystEgg

2 years

For everyone asking - yes, this is real. Many people have asked me to name the firm and I have to give the people what they want. The offending fund? Deez Capital

AnalystEgg

@AnalystEgg

2 years

Hedge fund interview case studies get crazier every year

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AnalystEgg

@AnalystEgg

1 year

Fake news from Big Water

Reuters

@Reuters

1 year

Exclusive: Aspartame, one of the world's most common artificial sweeteners, is set to be declared a possible carcinogen next month by a leading global health body, pitting it against the food industry and regulators

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AnalystEgg

@AnalystEgg

7 months

Warheads flavor Four Loko Has the free market gone too far?

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AnalystEgg

@AnalystEgg

4 months

What’s the deal with people curling in the squat rack?

Mr. Chau

@Srirachachau

4 months

It would be really funny if Jerry Seinfeld got crazy swole

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AnalystEgg

@AnalystEgg

6 months

Anyone out there with views on the $PARA cap stack? S&P just downgraded the co to BB+, likely invalidating change of control protections for bondholders. This would make a sale of the company much easier to finance as existing debt wouldn’t need to be refinanced

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AnalystEgg

@AnalystEgg

3 months

@Knightlegcap @piktoggle_

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AnalystEgg

@AnalystEgg

1 year

Fred Durst, CFA

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AnalystEgg

@AnalystEgg

3 years

Feeling cute, might delete later

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@AnalystEgg

2 years

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@AnalystEgg

3 years

Thoughts and prayers for my haters 🙏

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AnalystEgg

@AnalystEgg

10 months

Adobe: U.S. e-commerce spend +7.5% y/y to a record $9.8bn on Black Friday. This growth is ahead of Adobe's prior expectations for both Cyber Week (+6.1% y/y) and the full holiday season (+4.8% y/y growth, accelerating vs. +3.5% last yr).

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AnalystEgg

@AnalystEgg

1 year

25% $RICK 25% $MO 25% $BUD 25% $MCD

Que Sais-je Capital

@FRValue

1 year

Make your portfolio a reflection of yourself, your trajectory and your values. The rest will take care of itself.

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AnalystEgg

@AnalystEgg

1 year

Sharing some charts/takeaways from Carlyle's monthly economic update. Focusing on charts/data sourced from Carlyle portfolio companies, which could offer some unique insights not found in public economic data. The following tweets cover the U.S., Europe, and China.

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AnalystEgg

@AnalystEgg

1 year

Interesting theory from BlackRock: "The Fed may be relying on a job and growth relationship that has broken, in our view. Labor shortages have made firms reluctant to let workers go, even as demand slows and growth stagnates." 1/2

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AnalystEgg

@AnalystEgg

10 months

“Household Net worth at $151 trillion is as high as ever (5.5x nGDP). Within these balance sheet, liquid assets stand at $17.7 trillion, $4.4 trillion above pre-Covid baseline”

PDS

@TopadoDuran

10 months

When thinking about US consumer demand, most Wall Street participants attach way too much importance to income and not enough to savings and taxes. Modern consumption theory has evolved from the Keynesian static consumption function because ignores any positive effect of past

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AnalystEgg

@AnalystEgg

3 years

I’ve been doxxed

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AnalystEgg

@AnalystEgg

2 years

@sellsidepleb Great book on risk

Against the Gods: The Remarkable Story of Risk

www.amazon.com

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AnalystEgg

@AnalystEgg

2 years

@theemilyaccount Split up among unsecured creditors :(

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AnalystEgg

@AnalystEgg

1 year

A client of mine wants to play The Most Dangerous Game on their private island. If you are interesting in participating, please DM me with your college GPA, SAT score, and relevant deal experience.

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AnalystEgg

@AnalystEgg

10 months

Putting all of this together, I continue to think many ppl underestimate the strength of the American consumer and their ability to continue to grow spending at a mid-single digit pace. This is underpinned by ~5% nominal income growth (h/t @BillAckman )

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AnalystEgg

@AnalystEgg

2 years

Subprime auto loan delinquencies have been rising but remain muted for prime borrowers

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AnalystEgg

@AnalystEgg

1 year

@for_yield >canadian finance

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AnalystEgg

@AnalystEgg

10 months

Excellent write-up / thread on $GM / $F My view is that these stocks are trading sardines at best (bad biz model, secular headwinds from electrification, poor FCF conversion, UAW contracts limit upside) but front-end finco bonds consistently offer good value (6-7% yld for $F )

The Spread Thread

@SpreadThread1

10 months

We just published a report on $F and $GM discussing recent challenges, why the stocks have underperformed, and an analysis of valuation. A summary thread and full report below. Add your email on our site to get these reports directly. 1/13

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AnalystEgg

@AnalystEgg

1 year

Some thoughts on $KSS Interesting insider buy: new CEO (ex. CEO/Chair of $BURL) buys $2mm in stock at 52-week low (shares back to mid-2020 levels) after providing guidance earlier this month that was well below Street expectations and the company's LT guidance. 1/

Kaushik

@BigBullCap

1 year

$KSS CEO bought about $2M in stock

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AnalystEgg

@AnalystEgg

11 months

Paying Apple $299/month to store 10+yrs of memes saved to my phone that I’ll never look at again

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3 years

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1 year

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2 years

We are living through the first ten minutes of a movie about an alien invasion

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AnalystEgg

@AnalystEgg

1 year

The market is once again pricing in year-end Fed Funds at ~5.0%

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AnalystEgg

@AnalystEgg

7 months

@kashyap286 @BadBeanieMan “But they have no choice but to sell” Why do they have to sell? They are a public co whose biggest asset was a stake in another public company (Alibaba) for a long time

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AnalystEgg

@AnalystEgg

3 years

@valueterminal Write nothing and live with a constant sense of anxiety that I’m forgetting something

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AnalystEgg

@AnalystEgg

4 years

@TaviCosta Markets are forward looking. To judge valuations based on 2020 earnings is disingenuous

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@AnalystEgg

1 year

@rvc330 @spooky_JL Vincent has been liquidated to maximize recoveries

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@AnalystEgg

5 months

surprised how quickly my dinner arrived last night

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AnalystEgg

@AnalystEgg

3 years

The Mundanity of Excellence, a great read with some universal lessons

Palmetto Capital

@PalmettoCapital

3 years

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AnalystEgg

@AnalystEgg

1 year

Two good charts from BlackRock on the composition of the IG/HY indices: 50% of the USD HY index trades below 300 spread (index avg. = 385bps) 37% of the USD IG index trades below 100 spread (index avg. = 120bps)

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AnalystEgg

@AnalystEgg

2 years

Any recommended resources (substack/blog, podcast, interview, etc.) for learning about the alternative asset managers? $BX $APO $KKR Tagging some people I’ve seen post about these co’s: @viggy_krishnan @PrivateEyeCap @Bonhoeffer_KDS @FatBearCapital @Cultivatewealth @PythiaR

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AnalystEgg

@AnalystEgg

1 year

5.9x net leverage and $6bn in debt that is mostly floating. Loan-to-value is >50% now with shares down >70% from mid-'21 peak. Bonds yield ~7.3%, in-line with BBs. Seems tight given the leverage profile and shrinking equity market cap ($5bn now, was ~$10-15bn until mid-'22)

Callery Cap

@callerycap

1 year

$ELAN's floating rate debt in a high rate environment heavily rotating towards quality + weakening consumer companion animal spending could make for a nice short setup heading into the 3Q print. SI is very low at ~2% of S/O.

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AnalystEgg

@AnalystEgg

2 years

Forming $QRTEA bagholders anonymous

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AnalystEgg

@AnalystEgg

10 months

Mastercard: U.S. retail sales (ex. autos) +2.5% y/y on Friday with e-commerce growing +8.5% and in-store sales +1.1% (+) Jewelry, Apparel, Restaurants (-) Department Stores, Furniture & Furnishings

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AnalystEgg

@AnalystEgg

3 years

@marketplunger1 @packyM Hudson Valley 😍

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