At 7.45 (current trading), you create the stub for 1.77 NOK discounted, and get paid 3.38 (using put floor, no earnouts) in 3 years (cash could be paid out earlier, which would be a +) for an IRR of ~24%. I have seen worse bets.

@christankerfund Will add this datapoint to the ML model

@_NameValue_ P/NAV 0.55.. Not bad

Carnegie today issued a PT of 45 (or 21x 2025 E, lol). This is a gym business. Where were they when the debt scare was mostly resolved in late '23?

@MadsCapital Each row comment Hedged to the perfect length

As for reasonably good, profitable businesses, with EV approaching 0, buybacks at HoldCo and OpCo levels, growing HSD/LDD, I have added to $OTEC. Hard to say when, but feels like a bit of a Thanos bet

@Studentinvest3 I think fair value range is 7.7-8.2 somewhere

@Studentinvest3 (April the last amount), but probably makes sense to deduct a few % on that as well. I used 2%.

@lzab1453 Doubt he can count higher

@christankerfund Pretty sure it will outperform BofA target P/B of 0.3111148301 x

@christankerfund DW I helped you out with a non-linear multivariable regression analysis using splines. I used multimodal $BABA LLMs to add image data for increased accuracy

@christankerfund Chris.. We all know they don't teach statistics in American public schools