matthew sigel, recovering CFA

$FIGR 2028 GAAP revisions 👀 Spike is due to new 2028 $2.22 number from GS. If accurate, puts the stock @ 10x 2028 GAAP PE just as analysts start rolling over price targets to 2028, growing ~50% w/ 50% EBIDTA margins, w/ housing already severely depressed. Rare air.

AFTERMARKET SHARE RAID Goodman and $DLR just bid for ~10% of NEXTDC in an "opportunistic" transaction at a 45% premium. Implies a mid-teens multiple of EBIDTA once you add the debt to build their contracted pipeline. For context WULF is guiding to $1.5B in normalized NOI for matthew sigel, recovering CFA @matthew_sigel Nov 4 My humble suggestion to the management teams in the sector with the weakest balance sheets: hire an advisor and formally discuss selling your company to someone who can better afford to build out your infrastructure. Be a hero. Set the valuation floor for everyone. Your legacy

These are A100 chips that powered Bing under a deal made in 2023. MSFT has been among the most neo-reliant and is looking to bring more production in house and on balance sheet. Still, $CRWV fell $3 on this headline and turned briefly down on day.

*INVESTORS SAID TO DISCUSS ANTHROPIC IPO VALUE OF $1.2-1.3T (Betting markets are down to 68% that it happens by EOY) matthew sigel, recovering CFA @matthew_sigel Nov 6 WSJ reporting Anthropic ARR $80B+ in October; Tickertrends says $82B. Some re-accleration in recent weeks.