Read on Twitter
1/ If $AAPL really wants to make a splash in fitness they should roll up $NLS, @Hydrow_by_CREW, & @tonal & have a complete end-to-end product offering integrated with the AAPL Watch + TV+. Combined this would cost them <$1.5bn or <2 weeks of operating cash flow.
2/ When we get to this point in the market cycle it& #39;s when bankers are most creative as they try to think of ways to unlock value. We saw the beginning of the stock splits from Big Tech, we& #39;ll likely see a wave of M&A, and spins / split offs, in the absence of more buybacks.
3/ We& #39;d like to see $PENN create a @barstoolsports tracking stock. They own 36% today w/ an option to buy 50%. Pull a card out of the John Malone playbook create a tracking stock which would probably trade > PENN EV in the @stoolpresidente & @RobinhoodApp trading era
4/ Now that $MSTR owns $250mn of $BTC spin-off the legacy business with the requisite cash need ($25-$50mn) and leave a pure play HoldCo that owns $BTC as its sole asset listed on NASDAQ....becomes a backdoor ETF.
5/ As $SHOP looks to compete more directly with $AMZN; with it trading ~43.0x run-rate revenue ($2.9B) make a bid for $XPO which trades at <1.0x revenue with $16.6B in revenue / $1.6bn in EBITDA for a top 10 global logistics co for <10% of mkt cap would be massively accretive.
6/ $SQ uses the strength in its currency (+122% YTD) to buy $TWTR to create the @WeChatApp / @Alipay of the West. This comes as $FB is ramping up its financial service functionality appointing @davidmarcus to lead it all. $TWTR could be fully integrated w.o the regulatory issues
7/ Watch $MSFT acquire Tik Tok for Trump & then spin it out into a standalone entity in 6 months and watch the stock double or triple dip on value creation from the asset.
8/ See a SPAC conduct a two part merger buying a private "unicorn" and merging with a legacy public company...or SPAC on SPAC crime with the merger of two SPAC& #39;s to go after an even bigger target
