The $PFE q1 was the best quarter they’ve reported since COVID. New drugs driving sales, COVID drugs below. Long term outlook (post ‘28) way above street. thestreet.com/investing/stoc…

This stuff is very convoluted and obv looking at filings only tells a part of the story. My interpretation is Black Spruce owed $ to Rechnitz/Mayweather... when Mayweather sued Rechnitz - Black Spruce witheld payment in case it was determined that how that payment was to be shared (which was in dispute). I am using AI to help sort through this and understand - feel free to disagree but Black Spruce as plaintiff and motion 001 indicate they brought forward the motion, likely to absolve from future claims between Mayweather and Rechnitz.

New salt mine in Newfoundland first one in North America in 30 years bnnbloomberg.ca/video/shows/…

$GO.U CEO Josh Gotlib, apparently broke, sought to intimidate ex- partner Jona Rechnitz from collecting what was owed in private real estate and then taking his story public, which is now filed in a NY court. Keep in mind $HR.UN CEO Hofstedter is trying to pawn us to this guy.

The NY case against $GO.U #REIT CEO Josh Gotlib filed today is rather concerning. I am dismayed that such risks were not revealed by the $HR.UN's legal team in the disclosure. I do appreciate Jona Rechnitz for coming forward w/ such condemning revelations. Encourage all to read.

A reminder that Canadian jobs data is meaningless month to month 🇨🇦

Plugging in $1.3M sales for Q3/27 - I estimate comps are running high teens rate starting to lap the 2025 acceleration to 30%+. With typical earnings beats, comps could be 20%+. Street sitting closer to 10%.

A few things: "DoorDash typically builds whereas Uber usually buys" - The facts don't support this opinion. Uber didn't deploy any capital on M&A between 2022 to 2024, while organically establishing category leading positions across Mobility and Delivery globally. Meanwhile, nearly the entirety of Doordash's international business is built on fairly expensive acquisitions (Wolt, Deliveroo), and it has acquired substantials assets to expand into new verticals as well (Sevenrooms, Grub Campus etc). If you add up the deployments, you'll find that Uber has deployed a significantly smaller portion of its FCF on acquisitions than DD has, while delivering steady ~20% growth off a much larger base. "Uber doesn’t seem to be buying cheaply either" Every dollar of Gross Bookings is not created equal. We have successfully executed on a barbell strategy where products with high ticket size and margins allow us to invest behind affordable products that drive acquisition and frequency for the platform. Additionally, our Uber for Business offering has delivered sustained, strong traction. ezCater has a nearly 10X order size relative to a typical delivery order in the US, and is accretive to Delivery margins outright. We expect more upside post synergies (and potentially more as it's plugged into U4B distribution and goes global). Beyond the strategic merits, financially, it delivers a better return than buying back our own stock, which is a bar we continue to hold for any evaluation. Build vs. buy. Catering is an operationally complex business. When an office admin orders lunch for their hungry team, you better deliver! That means a distinct product experience, work on merchant ops, as well as a specialized effort with couriers and set up specialists. That doesn't mean it can't be built, but this acquisition leapfrogs Uber well ahead. Combined with our distribution and global footprint, an acquisition allows us to scale this category much faster. Uber vs. Expedia. I guess it needs to be said - Uber is not Expedia! Post COVID, Uber has compounded topline at over 20% and bottomline at over 70% (CAGR 2022-2025).