Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

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<ul>
<li>Elon Musk closed his Twitter deal Thursday as confirmed today via a filing with the SEC to delist its stock. </li>
<li>We don't know if Elon sold more Tesla to cover his cash shortfall. If not, where did he get it? </li>
<li>He also sent Tesla's engineers to assess how to fix Twitter. Like, sharing resources. Establishing synergies. Maybe creating an excuse to direct Tesla to "invest" into Twitter, as I suspected.</li>
</ul>


Elon Musk closed his Twitter deal Thursday as confirmed today via a filing with the SEC to delist its stock. 
We don't know if Elon sold more Tesla to cover his cash shortfall. If not, where did he get it? 
He also sent Tesla's engineers to assess how to fix Twitter. Like, sharing resources. Establishing synergies. Maybe creating an excuse to direct Tesla to "invest" into Twitter, as I suspected.


Elon Has "Freed" Twitter: Send The Ravens

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>How long until SNAP gets back to Zuck's original $3B buyout offer?!</li>
<li>Key negative point: US engagement dropped 5% despite user growth +4%...we think its BeReal as much as TikTok.</li>
<li>Uninvestable or Long Time Horizon? Least visibility of any major public company we've ever followed. Don't know the answer!</li>
</ul>


How long until SNAP gets back to Zuck's original $3B buyout offer?!
Key negative point: US engagement dropped 5% despite user growth +4%...we think its BeReal as much as TikTok.
Uninvestable or Long Time Horizon? Least visibility of any major public company we've ever followed. Don't know the answer!


Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

Global Automotive Stocks/EV Focus/Event Driven

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

<ul>
<li>Tesla's Q3 revenues missed by 2%, while GAAP EPS was in-line with consensus and adjusted EPS only beat by 5.4%. Tesla hasn't seen numbers this weak since Q4 2020.</li>
<li>The closely watched Autmotive gross margin (ex-ZEV credits) were much worse than expected at 26.8% versus consensus estimates of 27.5%. </li>
<li>On the earnings call, Musk said he would be buying Twitter. This will only add to the selling pressure from Tesla's weak Q3 results throughout next week. </li>
</ul>


Tesla's Q3 revenues missed by 2%, while GAAP EPS was in-line with consensus and adjusted EPS only beat by 5.4%. Tesla hasn't seen numbers this weak since Q4 2020.
The closely watched Autmotive gross margin (ex-ZEV credits) were much worse than expected at 26.8% versus consensus estimates of 27.5%. 
On the earnings call, Musk said he would be buying Twitter. This will only add to the selling pressure from Tesla's weak Q3 results throughout next week. 


Tesla's Q3 Results Disappoint for the First Time Since Q4 2020

<ul>
<li>Tesla will announce Q3 2022 earnings results after the US market close on October 19th. </li>
<li>Given that CEO Elon Musk needs to sell more of his Tesla shares to fund his Twitter buyout by month end, the Street widely expects a huge earnings beat. </li>
<li>Q3 fundamentals were weak for Tesla and orders in Q4 point to another delivery miss versus consensus. We recommend selling into any spike on a positive Q3 print. </li>
</ul>


Tesla will announce Q3 2022 earnings results after the US market close on October 19th. 
Given that CEO Elon Musk needs to sell more of his Tesla shares to fund his Twitter buyout by month end, the Street widely expects a huge earnings beat. 
Q3 fundamentals were weak for Tesla and orders in Q4 point to another delivery miss versus consensus. We recommend selling into any spike on a positive Q3 print. 


Tesla Q3 Earnings Preview--Beat Widely Expected Due to Musk's Twitter Deal

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

<ul>
<li>
<a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a>  reported solid 2QFY22 results and hosted annual Duocon 2022 event in August. Management raised full-year revenue guidance, but the stock remained range bound. </li>
<li>We model total revenues growing +45% y/y to $365M in FY22 and +42% y/y to $517M in FY23, up vs. our prior estimates and projections. </li>
<li>2QFY22 results beat all key estimates, driven by accelerating user growth and strength across the entire business. <a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a>  remains our top mid-cap pick in the EdTech industry.</li>
</ul>



Duolingo (DUOL US)  reported solid 2QFY22 results and hosted annual Duocon 2022 event in August. Management raised full-year revenue guidance, but the stock remained range bound. 
We model total revenues growing +45% y/y to $365M in FY22 and +42% y/y to $517M in FY23, up vs. our prior estimates and projections. 
2QFY22 results beat all key estimates, driven by accelerating user growth and strength across the entire business. Duolingo (DUOL US)  remains our top mid-cap pick in the EdTech industry.


Duolingo. User Growth And Cash Flow Metrics Remain Robust. Management Raised FY22 Guidance

United States

Twitter, Inc. provides online social networking and microblogging service. The Company offers users the ability to follow other users activity, read, and post tweets. Twitter serves customers worldwide.

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Twitter Inc (TWTR US)

Elon Has "Freed" Twitter: Send The Ravens

Elon Musk closed his Twitter deal yesterday as confirmed today via SEC filing to delist its stock. Still no filing that Elon sold Tesla to cover...

Vicki Bryan

Snap 3Q22: Tik Tik Tik (Tok) …BOOM

3rd 30% drop in a year? Any glimmer of hope? Still growing user base...but US engagement dropped 5% despite user growth +4%...we think its BeReal...

Aaron Gabin

Tesla's Q3 Results Disappoint for the First Time Since Q4 2020

What was expected to be a Q3 beat at Tesla turned into a Q3 disappointment. Many accounting tricks appear to have padded cash flows and Tesla...

SC Capital

Tesla Q3 Earnings Preview--Beat Widely Expected Due to Musk's Twitter Deal

Tesla could announce a huge Q3 beat and possibly a share buyback, as Musk needs to sell more Tesla shares in order to fund his Twitter buyout by...

SC Capital

Duolingo. User Growth And Cash Flow Metrics Remain Robust. Management Raised FY22 Guidance

Duolingo remains our top mid-cap pick in EdTech, and we believe the company’s growth profile of generating 40%+ organic growth is underappreciated...

Andrei Zakharov

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