Investor at NZS Capital. Not investment advice
Denver, CO
Joined January 2016
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Insane underflowed story! Polyakov (Ukranian) basically got his rocket company taken from him by CFIUS for $1 after plowing >$200m into it on allegations he was a Russian spy, then years later they come back with a "oops, looks like you aren't a spy... at least you got a dollar."
Well. Wow. As I reported in detail in "When The Heavens Went on Sale," the US government took Firefly away from @maxpolyakov after he put $200m into the company, while accussing him of being a potential Russian spy.
Now, the government has changed its mind. prnewswire.com/news-releases…
Brett Larson retweeted
Excellent profile on @djrosent and @gilbert and their excellent podcast! @AcquiredFM
wsj.com/business/media/acqui…
$HWM John Plant has cemented himself in the A&D hall of fame. Rebuked Apollo’s $10 B offer for ARNC in 2019 (told that figure had earn-outs too). Today HWM + the remaining ARNC later sold to Apollo is worth ~$40 B. And DESPITE an unexpected pandemic and Boeing’s meltdown. Legend.
SPR +16% on news. SPR +14% since separation in 2006. Boeing's relentless pressure to squeeze every dime of cash flow out of SPR as essentially their only customer (I mean, "partner for success") ultimately led to SPR's incredible fragility/quality issues. Shocker!
Boeing is in discussions to acquire Spirit AeroSystems, its struggling former unit at the center of numerous quality issues affecting 737 Max jets trib.al/xchtw0s
Brett Larson retweeted
It's earnings season, the sun is out and it's 60 degrees. Time for the investors @NZSCapital to take a hike!
Brett Larson retweeted
How to Have Meetings that Don't Suck...A new paper from @bjohns3
Learn why we ♥️ to have meetings at NZS!
There are some simple suggestions everyone can implement along with some uncomfortable concepts that might require a culture shift at your org.
nzscapital.com/news/meetings
Brett Larson retweeted
To restore the Boeing culture to technical excellence, my advice would be first to move the corporate headquarters back to Seattle. It’s difficult to manage a technical organization from a distance. Executives need to be in the factory every day.
Brett Larson retweeted
Trane Technologies?
This company embodies the irresistible allure of industrial pureplays
Thank you to Brett Larson and @NZSCapital for bringing this one to @bizbreakdowns
▫️ $50bn market cap (TT) yet rarely discussed
▫️ 100+ year history of between independence and "conglomeration"(Ingersol)
▫️ Epic father + son founder combo with James and Reuben Trane
▫️ Textbook equipment vs. aftermarket mix-shift story (~70%/30%)
▫️ Resi vs. Commercial segments highlights unique demand dynamics
▫️ Customer cost is split: 10% equipment, 10% maintenance, 80% energy costs (...think about how that drives pricing vs product considerations)
▫️ Secular opportunities (decarbonization) in what you'd assume is a cyclical industry
▫️ Operating system comes with Toyota DNA and 25% incrementals
BONUS points:
👁🗨Rebranding HVAC as "climate control" is worth a 20% premium. No questions asked
👁🗨Reuben started career at Milwaukee Tools in 1910... fun to think about the "resume building corporations" of yesteryear
Brett Larson retweeted
Did you know that…
Nuclear energy is safer than wind energy? – at Piney Point Village, TX
Texas wind turbine on fire spiraling in the wind is on brand for America 2023. xitter.cf/insiderscorner/status/…
Brett Larson retweeted
Imagine if we taught every high school student in America the power of compund interest
Brett Larson retweeted
WATCH: Mike Lee officially became a General in the Great Meme War on the floor of the Senate...
He used Reagan on a raptor, Aquaman, and Sharknado to show how insane the Green New Deal is... and it clearly worked, because it set off @AOC.
cc: @SenMikeLee