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Just finished this and thought I'd share.
​
[https://www.youtube.com/watch?v=y9V8Fnmkz4Q](https://www.youtube.com/watch?v=y9V8Fnmkz4Q)
​
Topics include:
Introduction to David Dodd
Introduction to Jay Pritzker
Working with Benjamin Graham
Benjamin Graham retirement
Start of Buffett Partnership
​
Companies discussed:
National American Fire Insurance - buying shares from farmers
American Express - Salad Oil Scandal
Sanborn Maps - 1st board seat
Dempster Mills - 1st control company
Rockwood & Co - cocoa bean hedge | r/investmentclub | post | r/InvestmentClub | 2023-01-04 | Z0FBQUFBQm5teE5QZ0RZLUpDX0VaYWlDT29DbnIwUUpwZmlsdk9KanJtNHpyNmx0UVF4Mll2OUV4M3RDUnNsalp1YVQ2Q0ZsNEluZVl0c2d0cUNLWFVwRGQ4QXJFVjJ6c2c9PQ== | Z0FBQUFBQm5teE5QN2hPNG80X2wyTV9CM0FyOTNrVXVMQ3RLR2t3cEFuWXR4RWJTUGd6cW5zcTdjNnR4ZW13bjRnMkUxU0ZGeUh1Q2pfYWpTMDRiMnhLLUhQTlhVWV8yYndFRTFvQlRJb2VlczdSNkxieXN2R0F0TEJsTXAtQXBka2hmMFBldms5elMzMWhGTjM2RU96MXdEa3NZNGs2TklwZGE0UVhkNjVWdUJURl8zS3Rub2ppMC1sVHhtREVXTEZOS1Vlano3azFseTRwVzFzbmF5WGRWdl9IMDRGOGpwdz09 |
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https://preview.redd.it/u59dsoo8heaa1.png?width=1191&format=png&auto=webp&s=3315969ed1e8e8f7742c3d815347f9bb6bf92bde
NEW| 🌊🚀
Calling all #Web3 #data enthusiasts!🏗️
Ocean is proud to launch the DataBuilders #Hackathon in collaboration with #gitcoin and #OpenDataforWeb3 !💥
The challenge? Incentivise the #data science community to defend #Web3 from Sybil attacks and data centralization💻⚙️
💰Total Prize Pool: $40,000 in bounties
📖 Read more here: [https://bit.ly/OceanGitcoinHackathon](https://bit.ly/OceanGitcoinHackathon) | r/oceanprotocol | post | r/oceanprotocol | 2023-01-06 | Z0FBQUFBQm5teE5QWlRwYzBuZG5wNmhQVmlsZElKZ21OanFOWUFUdlhhTEZBNVp2UGZqWGhKX2FLYmRuTmlhSmtOcjdKSTNicjZjYVlWUkQySGR5WmxLaWMxejZkYmdvY2c9PQ== | Z0FBQUFBQm5teE5Qc3NMV2hLNndoMV9FUXJtWVlqQ2NIcmdTbU9VSWJSX2QtdkROV0pUTXBpay1laGJLMHVUXzRVRXQtQ2xfVElIUW00ZWpGYjFMc2NwbmxITDk0cGJ0RGJmRFRzTEQ2aUtfRXBRZHB5Q0c0aFJpZ2szUXQ1Rm05LWJXUGpnbWNqM3o3aVRFWUhsUkY2Vi1mSlBXNWVnSDI4LWdlOThXb0ZkUUlsVG42RVFfV0FpQ0FhTmtnc3FLZ2Z4cW1nNU1ibHpVbk5laGppejVVZlZkaGsyS3hLNm1Ldz09 |
How great do you think your investing knowledge is?
[https://ivlv.me/1lcDB](https://ivlv.me/1lcDB) | r/investmentclub | post | r/InvestmentClub | 2023-01-06 | Z0FBQUFBQm5teE5QOWI0LUNCQ2xqel9WM01uU09TbjAtWm1oVVk4ZWI3MEJrcnptQ0RpZkNZaF9ZTFpZTlYyRm1TeU9CdkxpcGhicWhNQW9rdkdYMmJwaDZhWWt0U045eHc9PQ== | Z0FBQUFBQm5teE5QdnJtZHdCQUxvYVVjdXZOZ0pCbTZZazNzR1VCQXZjanN1VzRQVC1IbTN5RElJWWp6ekx4UHpZTXhZY0d6ZlJyN244Mm43MUJ1X3RBU090RFR2cDVZcUQ3dzhxY3J3X0MtVzZFb1hySFBFR3hiZkhVb1BHMW90WGJFVjhCNGtpSUhqSjlXYXowRnFyTmdKaEZXNnBPVTJ3bFQwaGVBZmY0WW5YdS1CWGczelU4Z1ZYdFR5YUtibUZOQlkzZTA3UEtR |
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Developers!💻📣 Ocean.py upgrades to v2!
\- Ocean.py now uses Brownie alongside new interface changes
\- Now supports Python 3.11
\- Streamlines create functions & READMEs
\- Adds support for #Arweave & #IPFS
\- Many more bug fixes & improvements/2
You can find the latest release of Ocean.py on pypi 👉 [https://pypi.org/project/ocean-lib/](https://pypi.org/project/ocean-lib/)
And if you are interested in digging through the Ocean.py source code, then here's the Ocean Protocol Github 🤓👉 [https://github.com/oceanprotocol/ocean.py](https://github.com/oceanprotocol/ocean.py) | r/oceanprotocol | post | r/oceanprotocol | 2023-01-09 | Z0FBQUFBQm5teE5Qei1Zc1Nhei1HSUpzLTU0c2s1WF8yQVV0dVk2UkRGZDJmVHRRcnZxYWVFYjhfQUhpMXZSaEQwMUV0NHl3Uk8waDBYTmxlRmZjVkVUSEg1dG03Q3FwRFE9PQ== | Z0FBQUFBQm5teE5QeEQ5VXE5MEhHck9zcGNzbGcyTHQ4RnV6ZVlGYUVoZTZPb2IxcFZWbWVsbWNTVDZHb1BIR2lIdnFPWi1yemx3djVSTW5URE9JSkpFUXVUaTdSTjc5MW5yZ1g0Zml1ZWFHZWFkTXVQcWtqSG02RUFTUGVkLWdIR0ZvcndLS2xMSFVDZ0M5TEUxTHZHWDhBSi1SLUp0WFp6cFJkalNlVnQ0di1CR01CWUtCRTFZPQ== |
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https://preview.redd.it/ss3eqmkgf8ba1.png?width=1345&format=png&auto=webp&s=c659954ab8ff9b459eed4fd487056e27fdf52edb
Fellow Ocean developers💻, our latest Aquarius refactor improves its performance by 10x! 🔱
Enhancements include:
\- Indexing times speed up by more than 10x
\- Fixed various NFT transfer bugs
\- Better processing the queue failures
\- More bug fixes and improvements
Wondering what Aquarius is?
It's an off-chain component we developed to cache the metadata of Ocean Market assets published on-chain.
Deploying it = developers can control which assets are visible in their instance of the Ocean Market!
Check it out on Ocean's Github: [https://github.com/oceanprotocol/aquarius](https://github.com/oceanprotocol/aquarius) | r/oceanprotocol | post | r/oceanprotocol | 2023-01-10 | Z0FBQUFBQm5teE5Qc0hTWWFZOFpnREVyTHFJSmdQdFdhSjlkNVNJQzdlbUhvLXcxWHBKVkpDZ3ZKa0luRDZ2Y2w0UXZSUnUxMVJyVzdGR0l2dzF6dG9hejhHV1E5Wjkybnc9PQ== | Z0FBQUFBQm5teE5QaHl6RlF4VkJ1SG1wMlB2dms3WXFfcE1fbjV6dWNRV0xGcVB6SmI0ekY5cDFNeTlPRUpFTnVHbk01ellKdXRPbTJPODdzZkZ5V0xDaC1qdnRnemxpeEF3TklXUjFqd29TMUozT1ZmZDlDUXQybEZWRTIyWnNMUWFtSUlyWTh1V3EzcGVwQUw5c2Q1RUJNMi0yQkVOYnZwNDRhNi1idmhDdk43MFBIUlFCTEdHMFgwYU1KLXhyUktUVEcxLWVYS0tranIwclVaWERpWTlvbmF6eDVkOHlNUT09 |
We drafted [these 6 tips](https://bit.ly/3X26uj4) to protect our portfolio this year. What would you add?
https://preview.redd.it/f5ox4dbjm9ba1.png?width=1919&format=png&auto=webp&s=cc68fef5a19527693761af3769d530b1b5282ba4 | r/investmentclub | post | r/InvestmentClub | 2023-01-10 | Z0FBQUFBQm5teE5QUUxZUHhYeTAyWmNNWmU3MlFZbkhrUzdoWDZRcXViVFBuWmx5WHJtT1M3bmpfSHdBRVNlczhKbUlPZHVQQmFpZ294NVJYTjVvTE43aUFtVHFNY1dlWUE9PQ== | Z0FBQUFBQm5teE5QQllPTktSQ2lkSGZ5OEdUYlNOTzVkTU14eUJOb1VkeXV3YXhTbTBiTHBNVG1sNlJJWGI1anlWV3RyRW1FV1RrOXNfQkV6THE1aWI4U0NaYlhUTG5MbTBXRGRBZ0ZYUU9tM05oU0lEdzRrNmcyanM4WlhTSV9WY2xaZ2Z2RHpuc3JBdGxsRXVid0FhSTh2czZ0Um1EcGRmbkNtS2FXS1ZBNDloZE5FdktwYV83d2xoRWt2M0l3Yjh2WTE4UWpPR091MHJ0dGFZbzZUSGlKdnlKb0M5T01ZZz09 |
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Can you anticipate ETH prices like a #DataScientist? 🤓
Flex your #machinelearning in our 3rd Predict-ETH challenge 💪
Win from a prize pool of $5,000. Hosted on DesightsAI, the Web3 data competition platform built on Ocean Protocol!
Enter here 👉 [http://bit.ly/3XrXzHu](http://bit.ly/3XrXzHu)
Read more about it here: [https://blog.oceanprotocol.com/ocean-protocol-launches-the-3rd-edition-of-predict-eth-ccb7e6a62bf7](https://blog.oceanprotocol.com/ocean-protocol-launches-the-3rd-edition-of-predict-eth-ccb7e6a62bf7) | r/oceanprotocol | post | r/oceanprotocol | 2023-01-16 | Z0FBQUFBQm5teE5QUktFTmF1ZHZ4NjhIakxRNUtSczZ0Rk53WFlNNHZwUEZRY3A5Q0x0VDRXV3N4MUJBeC1BeU5iaUtDWUpWRmkzck5kcjZadkxWN1JISWNQZzBuLVJfT0E9PQ== | Z0FBQUFBQm5teE5QcE1CamVZTTBKUG5xWl9zajZfaWVtZXdyTUp6SU5zYjlDZU54TDQzbG1vRGNVdklicXNaZWxiYTJYaExTTWtqYnl1SFUyV0VxQ18ySURYQkhmaEJTRnRMQzNfNi02bXYxX3Y5RjVhOVFHanoyMjhTUjN3XzFGR3NsNnY0NV8tNzR0bUotSUtwYTVoWVprTmIwX0tNS2ZQbXBBLUdhUU9jRDhSaVpZU3J1aEVBOWlmWGlhOVpzOG9BTmlUWWtPc0ljZ24zeWdlMTRkbU5UWEZFQTFJcGRvZz09 |
Not sure how many here follow Opera Ltd, but Opera is up from \~$4 to \~$7 in last 4 month. Opera is one of those rare gems who not only met expectation but beat it and has continuously raised guidance last year. Apart from buying \~21% of shares, it also announced a special dividend of 0.80/ADS. I continue to believe that Opera is criminally undervalued despite beat-and-raise qtrs last year.
Here is my latest update on OPRA [https://brycebd1.substack.com/p/opera-ltd-continues-to-be-a-massively](https://brycebd1.substack.com/p/opera-ltd-continues-to-be-a-massively) | r/investmentclub | post | r/InvestmentClub | 2023-01-19 | Z0FBQUFBQm5teE5QczZQOWVaMjBMU3g3WTc2MU5xV0htT2x0ODRjZF9feDhNRUIzU3JfQm8wMDRSX09OV2lfc2FrZlRRaERiWU9QdFZjUl9NWDVTUC1lUUNwRHRCMnoxQUE9PQ== | Z0FBQUFBQm5teE5Qdkt4THFYNHpWajVmeE14djhLTUdHeVRqaWZKRFlMVHFmM2doT2R1dDgzTWY4SEl6TV9hSkc5SExrWXFFQklzMWc5amx1OTRDOFd2ZmF0OHJ6M05HUldFR0d2V21QVXA5YXVRREpVRXpZMnFJQW9PMlNTSnhXcjd4WXFIMGdZWXV1Mk80SjV4YkFra2xxSUpPMF9vS0RKMTJ2UlZfcDUtR2h6Z1MxSEplVmNjPQ== |
I am hyper new to crypto-currency as well as reddit so forgive me. I have purchased a bit of Ocean protocol, I like the direction it is going and see a ton of potential. Because of this I am likely going to continue to invest more money semi regularly. I hear about 'staking' a lot on reddit, not sure if i fully understand it, again i am green to all of this. But as I am in OCEAN for the long term, is there a way for me to 'stake' my coinage? Pros/Cons? Tips/Tricks? Thanks. | r/oceanprotocol | post | r/oceanprotocol | 2023-01-23 | Z0FBQUFBQm5teE5QOXl0Ynd2Y3VNRThiX1dIb3NWTjVvb3R6M0puUHQxeHRaSEROWTdfaWRneHNaRVZSd3paSVlpWnZIVWdTQ01PLWVCMy1ILUNJRURSTVJ2MVdEaDllWUlRSk0xQTdqaWtfdXZqRWJOYkdWYzQ9 | Z0FBQUFBQm5teE5QRDFjNGVwY05mTE5IQUQ0SkZaTkpaSWtBVVRSWUpBYlZYMUJmbHBOMU9yOFZuekdFZVRwcjk1enM4aWpfRl80OGxOcDZCb2Z0elNicExVU0FWNDBqenZ1eFl0MnAtWTlKZjlVaWNTR1drdUpINGZxUlZwQWlkc3JMYXpYY3VRNUdUWm9kaU5sQjgxajNocVRxbEM1ZFFSSUtEZ09xcFBMOFFpYnVyaDBWeE96WDRfQzFkT1JzN1dTQ1ZrM2ZQNGo5 |
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Are you a [\#datascientist](https://twitter.com/hashtag/datascientist?src=hashtag_click) that's passionate about the environment?
Partake in Ocean’s first data challenge using our privacy-preserving "Compute-to-Data" feature to build prediction algorithms for the air pollutant concentration in Catalonia!
​
Check it out here: [http://bit.ly/3wEkcgN](https://t.co/smB7jAcTvA) | r/oceanprotocol | post | r/oceanprotocol | 2023-02-01 | Z0FBQUFBQm5teE5QdWxrVkd1UHpxYzRiMHBfUFBqcjB3ZDUyRkxiQk1td1VNdWRibDNnR2prSWp1RHBULV96U3J3dUx4TXMtbWVTd0hwUWhNMjN5eF8xUHF1Y21naVNEWEE9PQ== | Z0FBQUFBQm5teE5QR2VRcldubDhBSUp2bzVycVhtMGR5Rk85bUg3QjVnUGlKd0tpMXktUGZtREJNQ2RKZUttVG0xcmVFOTdIVVNBS0duTE82MjFsZmE1WXJFamdYYzVXSU5vaW1Ca3BmbWp6RnlKa29ua3pJd1JjaTZ1Wkt0S2lSbGFHa0VaOWpBUnlfaTJIYmZHdFVkc1ZoNXFJUHpjX3hNZ0FpcE92Q1kxZGdvbzNHV1g1NkhUdkppcExVRjBrVVh0bktTX09UY1IzVTNqRXctWE1zeTFSNEpzQ200Yl9Mdz09 |
Are there any tutorials or recommendations for posting personal health data on Ocean Market? Some questions that come to mind for me:
- what is best format for data? CSV file?
- Is compute-to-data better so no one gets actual access to the data? | r/oceanprotocol | post | r/oceanprotocol | 2023-02-04 | Z0FBQUFBQm5teE5QWWZJWXAyYkN4aERZQ2ctWnhad1JVOTloRlpscDU4SDhNWTZGakZxNmo5ZU9PTndkVU1YXzMzQ1FaMnFUTnBkX3RsYVhyQ1FEdnRRTTlmX2dfaE1Lc0E9PQ== | Z0FBQUFBQm5teE5QNmhfOGI3VTdJMmNuT1BPMzJSdndWdkF5dzY4WFgyMFcxb0JuMEN2ekExWFhXSVhWTHFrOVJvTlpzQnRyZkJNVWlVeFZZaE4xcWZoaWVZbFFjaGJWN3ZxRTZFZ0twa1JwVlR6aFEwYnBjTHFlSjQ1VEdjeko3c3g5ZXJuX2tpSloxenVyeGlzOVVaQ3kxQ3hYUDhNbHB2R09mWm9udXBMRHNQV2FPTzV1LTlFTWtLSnFDai1qbjV3NDBzTXZKUVFvU3NKR2xBdU1EOVBBNFdzbGlhZUFkZz09 |
Is there anywhere I can send old ocean to be sold from my cold wallet ?
it doesn’t work sending it to cdc | r/oceanprotocol | post | r/oceanprotocol | 2023-02-04 | Z0FBQUFBQm5teE5QbzJyQmJaVTB4WExIMUk1aEhFWlo1UVU4eHk0VjNhRmEzZXVMWUZrMExuYi0xdS1JTnVGSTZhN1RhNk9LdHdmd212RFYyUkdJOXNRRE5NWGxpQVRjQ0E9PQ== | Z0FBQUFBQm5teE5QX3RtcGRWcWFMWW5WSWcxUnQ3T0lKN28tZUdITzJEajRpTDZiWDNOMkQ3QnJsRF9ycFV2WTFoVHd0bHhiUjZyOTVFZHZRT2hJZzBOeHdPcWs3R3dUaUJ1NGVJczAyNk5SNWVTSmY5UjNsdk5uNW5kRUtWaElmSjMyWjN0OHc4REI5a2FtVGdWQl9SZlJ6U3R0dXpfbU1fcl9melJuUDBGd2lURUF5VXBPalJzPQ== |
Today I saw few transactions on my wallet that I didn't made.
There are one withdrawal and Undelegate order .
Please be so kind as to tell me how can I change my wallet to receive unstaked
funds.
I can not check wallet history also ...
Today I saw few transactions on my wallet that I didn't made.
There are one withdrawal and Undelegate order .
Please be so kind as to tell me how can I change my wallet to receive unstaked
funds.
I can not check wallet history also ... | r/terra | comment | r/Terra | 2023-02-07 | Z0FBQUFBQm5teE5QcFlrU1Z6RU91TklIOF91SlF0M0poU2VhRlJPSmhRejBVRzMwVEY5QUV4ZnJ1MFdmQ1VKTmRsQ2g5VDdTb0o2SHZ2Q0x4dlNBQWtsSGVnUVlnLXZvRF91MEl4UnNDTjNNclE4TXJTckpqbDA9 | Z0FBQUFBQm5teE5QSjFDd1JBS2hpWlZoTGdmUy1rM3BDeUdIQ0RXa2pOX1k1bXN1QnpaN1A0dGM2ak9QdGk5eGk3UjZleDNTQUVwWFo3MFhsc0VnbUxZNk5hSWFxUjRub05qNTRYWWJZSmhsb0p4V0JJaDBUZ2hrMlhuZklLMklyZy1lQ2xrMVpNU3dnbXMyclFTVE4tMlFPeDFKWmtJaDBCZG5WNnN1X0NOb3ViRTNWcWM3b1U0QUpIemYwQ2x2d3JzMDlTS2luTk5Ob09YMlBaNjFRUUh4bUZqNDRXV2xrdz09 |
When I was a kid, we played with Jarts. I had no idea what a ‘Jart’ was - but I knew this game was going to be fun after realizing that it was a ‘Missile Game’
After a few years (1978?), these things were banned. Never to be sold again. Ever.
Why? Because to the public this ‘game’ was marketed as a ‘missile game’ that was to be launched high into the air (like the 🚀 suggests) towards your opponent with the intent of not piercing a hole in their foot🤭. No. Not at all. The goal was to land your Jarts in a small circle on the ground….that just happened to be about 2 feet away from your opponents feet.
If these things were sold with some warnings on the box and not marketed as a ‘fun family game’, they might have survived and been able to be bought on Amazon today. But not after the brand was ‘ruined’. It was game over.
We’ve learned our lessons though. Now we plaster products with warnings, 124 page ‘I accept’ disclaimers, T&C’s everywhere, etc. etc. The same can be said for 2-3x leveraged ETF’s. If you think for a single minute that Proshares is going to recommend that you hold any of their leveraged ETF’s overnight, you are correct. They will never tell you it’s ok to do so. Actually, they warn you not to hold these ETF’s overnight. They learned from what failed ‘Jarts’.
Use your head. Be smart. Just because a trading instrument has risks - that doesn’t mean you shouldn’t or can’t use it how you want to. That’s the beauty of America. | r/investmentclub | post | r/InvestmentClub | 2023-02-10 | Z0FBQUFBQm5teE5Qb3Q5RnRWQzFzZDdRNUpHQnZCTTBtVmktTWxvVUstLVJ0N3pxREt0WW1oRlk5NkZZNml2dURWLUtEazk2UTlDZjl4cVBnVmVHSk11cTZsQnFhM2F3MkE9PQ== | Z0FBQUFBQm5teE5QZGlSbmtCTlpFd21RNDkyUXVfX3A0N3daa0ZWdWZDcURWQ2RqM21XUnpDLUE5NWZnSU1DQUlCMk9pemtGUVV5eVNlR01lRUllUm5EeGhUX2IzR1c2UUlCZjBGODV6eDJidXptRWpQVE9sMkJaRlYzLUNmVEVTWGo1c25qQ3huYlgzNlItUjM4ZnpqZE1CVUhxOTgyUzhZWk95c2dpZTZKUlFRUy1wRVdsdXVIaVFfLU15d3ExOE1ENnpmUUFhVTNy |
I’ve been screening all companies with at least 500mil in market cap using a set of metrics I find relevant/important. And amongst other trends, I keep noticing the homebuilders, oil & gas co’s, and the rails keep popping up… Let’s table the discussion on homebuilders and energy for now, but—Anyone out there buying the rails?
I know in a recession they will/would get hit like almost everything related to consumption will/would… But are their other headwinds, unpriced risks anyone sees out there? They don’t face the competition that many other industries do. And what got me really thinking about them recently is the fact that Biden basically just set a new precedent that rail workers can never strike. So even if AI isn’t ready to replace their workers for quite some time, they still won’t face the same potential labor pressures of other sectors is the thought. | r/investmentclub | post | r/InvestmentClub | 2023-02-11 | Z0FBQUFBQm5teE5QMDJHTUJqYnNJVVZIT253UXRvZXk2TjNiUVdTaFpsRktIV1Z5S3BId25QVnlsMC1iVU1sQXZpUjNQdHdib3RKMHAxdXhaMGVlU2EzTFVvdHk1bENBR3c9PQ== | Z0FBQUFBQm5teE5QdXhkaENrLVBXcDhBMFR6aGFKVXRKX0cyNldxQXlCeTZUN2Z2QUV3alBrLVJKM3JPTmkxTmk0MTdsREhFYzM0U0tBcGRhSnBDdl84Uk9HdkpGcFl6eG5ILTk4R0tMZUZFQkl4T0dWRmpfalBrZHozbDRmVXBmRzlKRzhIRXZyRmZGUjFyd2tsbzhMZGwtanpUTVJ0VDYwR2pOcDV0Y0dUWFh1N20xd2lVanF3PQ== |
Does anyone have a good source to get a list of the companies and tickers of the SP500 on certain dates? I want a list for the beginning of 2007 for example, and 2000 and some other dates. I can't find a good source. | r/investmentclub | post | r/InvestmentClub | 2023-02-22 | Z0FBQUFBQm5teE5QT2FIUmVrM0dLV0FvemZ1R0I2TVJuWUxrNElrbDd6N1ZaUThZcmUxVFFPaWFMMGw5VVZWdTVnS05PNWFtd3ZFb3pWaFNpVXhPanVTanBtZDcwZU9Manc3YU5oaXhkaFZBemJEOXhhNjdnemM9 | Z0FBQUFBQm5teE5Qb2dzT0RaeFFBVjBjY2lGUTh1eGloeFV2M29kTzJoVXIxVDRKX1RIN3l6R2lvVXllVkRIbFZucGYzVGFCYjgxakg0b1VwOVRlMDN1VlJIa3Vqb3JKV1RFMDlvUlJvQ1ZMWU5XcURGdEhpS2NTNGRGcHRvSWllX3owT3FjQTg5WVNiMXJNY21mUkdEc2RSNnE1bUJIOEhoX1dIa28teVlSRjBUTWh5S0tLZW1VOEdwWTlnM2d1SFNod2dEYTJjR05zS0xZLXQyNFpiTzFGd01Mb0NqOENHdz09 |
I am investor. AMA about stocks. If responses are good, may do it again. Let's start. Drop your questions. | r/investmentclub | post | r/InvestmentClub | 2023-02-23 | Z0FBQUFBQm5teE5QX092OVZ5NE02MThzd0M3YTluVV9SeUNJRXNjQThlZVdLc3pLRUNocnZxMGIzZUszZ09vZUllcjBVQW9FTDBFUnVSRWd0TW5NdHRiWkhnYV92OWduV2c9PQ== | Z0FBQUFBQm5teE5QUzFTYWZhbzh6eUNvN0tUbGNkeXl6RGxNY0gtZFlicC1wQk5DcmR1RElGenEzN3hvQVRrSU9PWlB6N3BrU2l3ckhkM3ZYM19uNEh2a0tPR2U5SkQ2T3FJZTFueVZMc0hCbjlDZndmQlNGeFBkRnhIZEVlTzduSmx5NmlnTGhBaVlvd19Rblh6NmstOUctekRodDRfSF91N2dPSWVXSGgyMDRfUmstN3dIU1UxWWd2MVJfRExpTk91X2Z3VEFlY0p5 |
Anyone know why my veOcean balance keeps going down? I'm assuming this doesn't really matter since I get back the same tokens after I unstake? | r/oceanprotocol | post | r/oceanprotocol | 2023-03-02 | Z0FBQUFBQm5teE5QX1o0WHhkWWRlSlYzXzNqRTRxSkg2YU1fSHNvZUpxek9MMUxxbkxOVzcyRFhlWndlWElKeEJRLTdGZzJzQjhMV3g4cGxtYURjSXZJWTJka1VIM05tQnc9PQ== | Z0FBQUFBQm5teE5QZERfTUFQdFVmdVVaNjhhZDVGcDM5bmt4RXA3cWZZVmo4aXRtblRVbVpOaE5rc3lMSFBmWE9MektqMzFnUHN6Z3dvVG9falRZT0FJQlQydmZpYU83Mmk0MDJSb01GeXlpNnA3bkhoeVhVY1JVZmFCMG5KSWpCZjAyYmtxVWtmVFJJaG5nOF9jNXg0My1nMTd0QUJtRE1UOVdQMk5XQ21sQXVxVTJjVzI3N1NjPQ== |
Which macro thinkers are the best and provide the best info?
I subscribe to two investment new letters/sites. I am looking to connect to other investors who subscribe to investment news letters and share our information with each other to save on costs. Please PM me to discuss further. | r/investmentclub | post | r/InvestmentClub | 2023-03-02 | Z0FBQUFBQm5teE5Qa2ZyZWwtVjMtdEhxcTRLQXgyY1FVRzdyYXVVdkROSDFKb1NhUzFPVmxBZFA2V2tzeDRqRVJLcUJyQXEtejBuNHlfeXpodUU5TnFnckl4WFpDX3JlTkE9PQ== | Z0FBQUFBQm5teE5QUmtCdDZXTWhvbUFQZHVLbmhXaHY2bmw5X0tfcXJzQzAzSDZ0c2ZjZ1U3MEwzSDBEaGNQdUhTQVJmbmtrdWE0TjJ5SkNSVjdsM0U2anF3d3FDUVBfVF91T1p1Nk45TWJKMW8xX2M5TTI2LWtQUnlYSFJtN0dPOUtod2l3OEQtNjJvZ2hnOU4wRHRWQXFNWEdYTGtYcW1kOTZOUWRFUkVOS3pQUWEzTTM0NkhyUVJiRkpkcmdEbkF5cU9tRFZRZDZK |
​
https://preview.redd.it/5fax7epchjla1.png?width=837&format=png&auto=webp&s=ffb836ef71bb7c13daabc746886da6ec16e6070c
🚀 Topic: Liquidity Provisions Strategies
🏊🏼♂️We seek to gather the brightest minds inside the sea of #DeFi, #AI, Market Making, #DEX, and capital efficiency masters to showcase your skills and insights...
🕰️ Time window to submit is present - March 16, 23:59 UTC
🎥 Video Explanation [https://youtu.be/LUjbo5ZYHv0](https://youtu.be/LUjbo5ZYHv0)
🧜🏼♂️ See how to participate + details [https://blog.oceanprotocol.com/liquidity-provisioning-strategies-data-challenge-1ae4e54bd3d6](https://blog.oceanprotocol.com/liquidity-provisioning-strategies-data-challenge-1ae4e54bd3d6)
🏆This is going to be fun. Enter our community channels to propose #questions or #feedback | r/oceanprotocol | post | r/oceanprotocol | 2023-03-03 | Z0FBQUFBQm5teE5Qai0xa1djS243dzI2RG9sNFNUcjZhbW5XOXE3YUlMMXduZzdzTmVaS3pPTzJWNVg0eWlQTVdTdHdsTnQ5Zk05c2s1aWJMZDB4dDR4Yzd4V0NJbmU1Z1E9PQ== | Z0FBQUFBQm5teE5QTlB0WWtaUThSUkU3bGpOQUFHOXRxVUdUVG84dDhmNy1pZ0tuVzBzY0hwY1VjN3ZOSlpIbHZsRkxQZm9rcFJOQ25KLWM1QzZ6NVNoclFGdUp6dklYWTFDVzRHdUdNUmkyYjVISUp4bjRnZXd0T0ZRZTZ5bkFHdVpQYktUUXdQZmxlRWt1Z1I1WkpfMHFoMG5qVVI4RWRWV3BSQVNYOEVOR0ZFWk1pNmpTOVV0QmNJQUowd0hwRldFVkpWWmdOSGwy |
What is everyone’s staking rewards?
I have 10000 Ocean staked and have only got 17 ocean rewards.
Pretty disappointing. | r/oceanprotocol | post | r/oceanprotocol | 2023-03-07 | Z0FBQUFBQm5teE5QcXdlWFdwYms5M1VpUFB3S0UtNmdPdjZITGhma1hsUXppaWtBYU9MRm0tbnBLaDVMcDI0OHFKZzNqNHh2MWx2MDI3ZENnaXJaeWVrZHFsZXlmak5GMXc9PQ== | Z0FBQUFBQm5teE5QUWJMbjhnS01kUVhJc1ZycGRkeEZJbUVaSHJpazUxMndGdndWdDF1WFIzZ08zcVo3RGl0OHFXLTNsRXI0VE44djU1RkJheV9UaGtjUWR2MTJZcW1qR1I1Sjd2ak9TTnVydUV2b2JodWxVVDJhTWMxSnlfN2pOc0VCWG4yODlFOTVfVVo5aS1iVUo2Q0RtT2pWeFZTazJtYUlYT1JZR1BtZDhmcm81a1dJNVBhUWpIN3FGOUFSZUdmTnlrWXhzbll2 |
As shown in the figure,
Traders are ramping up bets on the Fed's 50 basis point hike in March, with fed funds futures now showing a more than 80% chance of a 50 basis point hike, up from about 70% on Wednesday and 31% likely before Powell's first testimony.
Investors are now digesting Congress testimony from Fed Chairman Colin Powell and the ADP data that suggests the labor market is still fairly hot, as Powell clearly lowered the threshold for a 50 basis point rate hike in March,
That means that if Friday's jobs data were strong, it would be enough to make a 50-basis-point March rate hike a more likely outcome.
One of my news in Powell's testimony at the time was that he indicated more clearly the possibility of a bigger rate hike, and did not mention a preference for a 25 basis point increase.
So a strong non-farm payrolls data on Friday could trigger calls for a terminal interest rate of 6%.
Tomorrow morning, 8.30 A.M. **UTC/GMT -5** hours. | r/investmentclub | post | r/InvestmentClub | 2023-03-10 | Z0FBQUFBQm5teE5QX1Q5cVpSTm5sRkNWVXlfd1FuMFpNRk9kU18xa3lyOWlNZGNVYnh3U2tkYjVJZmJkZWRSSllCSjJkWHp0QTREY1E1d2dnckVWY1o4VW1NcC0zaEYyNXc9PQ== | Z0FBQUFBQm5teE5QQ1RzOHlxWmJNSnpTRFlpOTU2TGp0eEtCY2M1RGFaQVRNS0NwWWtWc19UNGRxTFg5eDNicG1jWm5BVGtoYlBwRTFYNU5MZ1hpNkNSVDhvSDJSek9XZkhpLUg4U2NiVWMyVE9fQUhoekFMX3QydjhnT0tMTld3ZWptVWJGeDN3Z3hGbUJoQ1d1dFBURTdkOV83YXA1M29sN3ZQR1UyN2JMZmM5MThtX2tqa0xlcEhOUXlDWllnYzRROHZtRG5xNkJ2 |
ETH Gas Fees very high to lock Ocean, much higher than trading or transferring on the ETH network. Why is this? And I had to pay some to Approve and now a LOT to lock it. $4 just to approve and now $16 to lock. At a time when making a Swap on the ETH Network is only $7. | r/oceanprotocol | post | r/oceanprotocol | 2023-04-07 | Z0FBQUFBQm5teE5QZHVNUVNYQlA5djNMYVFqbWptQllxUkZvMTZrZWloa29KekJ2WmdTZG5MeXJLQzQyRFlqdzhadmE3dERCM3ljVnh5TnNSc2hfZUlUUmJEaE9FbkNSa2c9PQ== | Z0FBQUFBQm5teE5QRWs5LTFRbURDdXp5RktLUG02M3lHZnU4TEF0STZtWmFNb0xOa1BCeGh0NkJCdDE2MUhmTDVwT1lfMjM3MVN1bVZUYjlKR1BZUEJYSFcxbGl0dnBNY0tmQmhjNkloYUF1enB1T1NjNjlsUml2UFVLdFhQRVAzZ1JOTFFKZkIzX25jOVJ6b1k5WG1WS2EwWGxxSkYzNEdxYmhLS1RLUUY5MjktaTNWWnd4UC11ZjRHTTBUY1dvN01tZmhlYkJKOE8zd3BOM1dwYS1kZlI4akpRaXU4ZTdUUT09 |
Edit: I have calculated the weighted mean based on the poll results, which is 61%. That will be the threshold for 'yes' votes required for our club to buy the stock in question.
Hi r/InvestmentClub members! I could use your guidance. What should the percentage of "Yes" votes be for determining whether or not to buy a stock based on the stock pitch? Please vote for the number that you think will lead to the best performing portfolio while also not being too difficult to reach. And feel free to explain your rationale in the comments. Fyi, after this poll ends, there may be another one to fine tune the threshold percentage or a runoff vote with the top two winners.
By the way, there will be a moderator recruiting and subreddit update post in the near future, so keep an eye out for that.
Please feel free to offer suggestions or ask questions below. Thanks for voting!
[View Poll](https://www.reddit.com/poll/12fnf3s) | r/investmentclub | post | r/InvestmentClub | 2023-04-08 | Z0FBQUFBQm5teE5QMTNtWHEzdUxTSGZPZTRzZzA4aGNGdTEyRmVPWXp4dURSSktuZ1R3bTR2ODN2TXpxYnV5ZkN1WTRCR1hpaGhqZUVmejk4LTJSTS14OC1EV2Q3LWFMOFE9PQ== | Z0FBQUFBQm5teE5QenlKZkRYWUdFb2pfcl94T3lnZXB2dEJBWlVOMUNmMzd3ZGdfekJ4UU9tYm42ZU1QVzRYUzMyYktXSGZ1SXFCOXZzYjcxQU03NEdRZzBWblJycHk4Qk1PVmRwWG4tWjJ2LVJrUWw1Y3ZnMXR2WldtWlVjdjJXYWN3VTROcDFVaXM3VmRpOGJsYUZOaWZ1S2xBcU44UWRiLU1YbmN1UEprZzUwb0U3QXM4X2JZb0tXMWdPZnRtLXJsTjBqM3YyR0ZWQmtPdDdEQlF1WkRVZjNYUTlSRnAzZz09 |
Hello r/InvestmentClub members,
First, let me apologize for the lack of communication and activity in the past. I understand that this may have led to a decrease of interest in this subreddit. In order to rectify that, I want to inform you about some major changes that have been made to r/InvestmentClub...
Moving forward, the sub will be now be hyper-focused on stock pitches and the portfolio. Since there is no need for posts other than official stock pitches and news related to stocks in our portfolio, the subreddit will be set to *restricted.* That means only approved users and mods can post, however, anyone can vote and comment. Posts about the market or specific stocks not related to our portfolio can be made in one of the many other investing subreddits.
Also, we are looking for new moderators to help us grow this subreddit. If you're interested, please check out [this post](https://www.reddit.com/r/InvestmentClub/comments/13u0rju/help_us_grow_rinvestmentclub_by_becoming_a/?utm_source=share&utm_medium=web2x&context=3).
And finally, I want to inform you what the result is of the recent [poll post](https://www.reddit.com/r/InvestmentClub/comments/12fnf3s/need_feedback_from_the_sub_what_would_be_an/?utm_source=share&utm_medium=web2x&context=3) about the threshold of "Yes" votes needed for a stock pitch to win. The weighted mean was 60.7% which we will round up to 61%.
Thank you for being a part of r/InvestmentClub. I look forward to all of us working together to make this subreddit a unique and fun project and a valuable resource for all investors.
\-----------------------------------
If you have any suggestions, thoughts, or questions about anything having to do with this subreddit, please don't hesitate to reach out to us in the comments below. We welcome your input and ideas.
Edit: Removed old, no longer valid, information. | r/investmentclub | post | r/InvestmentClub | 2023-04-16 | Z0FBQUFBQm5teE5QQlBtekt3cy1jbGh6XzdDcEpRMjNBNWh2aDhoVS1DajRxdWlxcWxkenQ2WGtXWkNReDRBVE9ZbzJlS05UXzRPWm16T1JxWmEyRFNmR1RVaVJMTUZUaUE9PQ== | Z0FBQUFBQm5teE5QaWFpcTcwSnp3X2dPRy1kTWJtQlkzOWRjRWc4LV9GeXZIOXBPVjF0YWhLb2JsMWRCLVlONFJsa2xCaDBMb0FSZXk3a0JvTGg0ZGxtOHNlSV82eWI2clRXeDlKZS1PajhtMG1BUVA1UEF3dmczQWJqVnlwMEItTWVxNkdVLXZsT3lrZFY0bVFSSS14WXFsdWcxcGNBRHpZZWRRWlhwN3czb05sM19GMWNUbktsRjdScmZaUTBUYlJxWjBoQzhkSFFsNml1MjBud2tmcnY4UUtrNXVFWWVMZz09 |
Hey Oceaners 🌊
We at datalatte just launched our web dApp with a survey specifically designed for ocean community. Not only it helps the ecosystem gain insights about the community, but also you get to earn dataTokens, bounties, etc 😄 You know the web3 way. Looking forward to monetize your data for you. 🍻
https://app.datalatte.com | r/oceanprotocol | post | r/oceanprotocol | 2023-04-19 | Z0FBQUFBQm5teE5QVU9OcFRLcHJCSktINTNHQ2F4QzlnNzZrQWFRZkJIYVJZUXZDaHhIVTBOS2lBVTdHcHJ0dFY0NnBVMlBjdXB3bDBGbWRVbl81RVhoRmttNGRBUm1rd0E9PQ== | Z0FBQUFBQm5teE5QTEhndnJoQUp5cFVESDF2cWI0Q1JnenQ2TGFtVDMtYUhONmVuSFNPUXFBRXZrWFNKaXNTMlJNTVRiX0pDeHRSdFpnU2duQWRjWC0tMDdhYk9NcFNkVVNiZ0tNUlNYTm5sdVhkLVBaMTZ1aUpvTHJuVTNid3BBVW52SE5vT19GdlBpSlBKclNLZ0RVQnpTdjJwMllaby1fM0g4dkdDQ1JZNkdFSWlNbFNLVVNxWjJINkcwSGxKNDZpTlpMZWd6V1JmWE55dnNkR3ktWE5fZXkyYWd5bTM5Zz09 |
​
https://preview.redd.it/kt0u5qp21uva1.png?width=1250&format=png&auto=webp&s=45f1438bb9db6e59b67eb03103b62a20772b3902
Attention Oceaners! 🌊👋 Don't miss out on our upcoming Ocean Protocol Builders event on 📅 May 4th at 10 AM UTC, hosted on Ocean's Discord. Discover how Acentrik, a strategic product by Mercedes-Benz Singapore 🚗🇸🇬, is utilizing the Ocean Tech Stack to tackle data sharing challenges in enterprises.
"May the 4th" be with those who join us in exploring how Acentrik is harnessing the power of Ocean Protocol to bring balance to the data force! 🔐💻🌐
​
\#OceanProtocol #Acentrik #OceanxAcentrik #DataSharing
​
Link: [https://discord.gg/X5JscDXm7J?event=1099973596492865576](https://discord.gg/X5JscDXm7J?event=1099973596492865576) | r/oceanprotocol | post | r/oceanprotocol | 2023-04-24 | Z0FBQUFBQm5teE5QNnJETm9zUU9qRGRqS3oteXJvZlptVHV3VUV3ZGZyN2lzc2o3S0dlOGl1dFBtN3Z4YjVodFVsM0IyVjY5MDRJQkRuaUFjMlBIcmlGNjNSdy0zRDV4ZXc9PQ== | Z0FBQUFBQm5teE5QTGlseDVNdWlMMXlUTV9lUjJfRVJBU3lKc0piZU5YbnVTYldxeVNpdElIRk5Qa2NCQ2NUc21aYXl6Wmd6QzdJY2tpQ1p6SjBqbndvRWNLb2J0djRDZDBIU2drU2tZOFIydWZWZ2h5Ymw0elRnNGVwdjdJRS1aeGRhdG9pbEtXRW9lVG8zX2lDLWtnVGtiZHVHeVVGVS1zZE44ZTFjYmxka2lyZGdsZk9VVV9WQjhrNE9VMHF1R2xTaWRCU3hTUTYyZG51NExreFVUeHZUeWpwakx1dVItUT09 |
# Dlocal pitch
Disclaimer: My real portfolio is 7% Dlocal limited as of March '23.
Note: English is not my first language, so please forgive me if my pitch is not well written, also my time zone is GMT+3 so most questions coming in from America in the evening and later will be answered only the day after.
\-------------------------------------
dLocal is a payment processing platform that allows businesses to accept payments from customers in developing markets (countries).
**An explanation of the business:**
The problem is that charging people in developing countries is not straightforward. Each country has different regulations and different bank accounts with varying rules. Some countries even rarely use bank accounts for online purchases and instead use other alternatives. When a company wants to roll out its product, say in Nigeria, it will require them to allow a lot of different transaction methods. Otherwise, they would have limited payment options and might lose customers right at the last point before purchase.
The solution is dLocal, a company that operates in Latin America, Africa, and Asia, specifically in challenging markets. They enable big companies to receive payments from customers in those regions.
How dLocal works:
1. Integration: Businesses can integrate Dlocal into their website or mobile app by using the Dlocal API. This allows customers to make payments directly on the business's platform.
2. Payment Methods: Dlocal supports a wide range of payment methods, including credit and debit cards, bank transfers, e-wallets, and cash-based payment options. Customers can select their preferred payment method at checkout.
3. Currency Conversion: Dlocal provides currency conversion services to enable businesses to accept payments in their local currency. This means that customers can pay in their local currency, and the business receives payment in their preferred currency.
4. Fraud Prevention: Dlocal uses advanced fraud detection technology to prevent fraudulent transactions and protect businesses from chargebacks.
5. Payouts: In addition to accepting payments, Dlocal also provides payout services. Businesses can use Dlocal to make payouts to their suppliers or partners in multiple currencies and payment methods.
6. Reporting: Dlocal provides businesses with detailed reporting and analytics to help them track their payment processing activity and optimize their payment strategy.
**Financials:**
Markets cap: $4.1B
PE: 40
Forward PE (taken from Yahoo Finance): 26.95
**Terms to know/understand:**
TPV (Total Payment Volume): A metric used to measure the total value of transactions processed through a payment system.
Revenue: Most of Dlocal's revenue is from fees, so they are basically interchangeable terms.
**Actual financials in dollars:**
​
|Title/year|2022|2021|2020|2019|
|:-|:-|:-|:-|:-|
|tpv|10.6B|6.04B|2.06B|1.28B|
|revenue|418M|244M|104M|55M|
|gross profit|202.17M|130.44M|60.08M|35.88M|
|Net income|108.68M|77.88M|28.18M|15.6M|
|Profit Margin:|25.94%|31.90%|27.06%|28.22%|
|**Title/quarter**|**Q4 2022**|**Q3 2022**|**Q2 2022**|**Q1 2022**|
|tpv|3.3B|2.7B|2.4B|2.1B|
|Revenue|118.4M|111.86M|101.18M|87.45M|
|gross profit|55.1M|53.87M|49.64M|43.55M|
|Net income|19.36M|32.46M|30.57M|26.29M|
|Proft Margin:|16.34%|29.02%|30.22%|30.06%|
​
**Q1 2023 Expectations:**
TPV : $3.5B - $3.6B
Revenue: $135M - $138M
Gross profit: $57M - $59M
**Controversial topic:** Muddy Waters did a short seller report on them, I won’t talk about it too much because I think it is irrelevant for two reasons:
1. The report discusses a financial event that occurred in 2019 and 2020. During this time, the company had 5 times less TPV. Since then, the company has grown its business by 5 times or more, so even if any unforeseen challenges arise, the company is now in a position to handle them.
2. Dlocal doesn’t have a lot of customers -- they have around 500 customers. If dLocal really f\*\*\*ed one of their customers, it would be a customer that is able to sue, but no customer that I know of is sueing and their customers just keep using their services… A LOT.
**The hidden potential:** Every time I see a company growing like this I say to myself: Ok, yeah sure, but where is the ceiling? I am not gonna have 5 computers and 15 phones. The growth of a single product is limited...
When trying to find the ceiling of Dlocal you will find that it is very VERY far. The only threat I see to Dlocal is competition. However, Dlocal claims that prior to using their services, their customers (big companies) were handling their own payments in those countries, which can be an inefficient and complicated process. For example, why should companies like Microsoft, Spotify, Etsy, and others have to handle the complexities of managing financials in every country where they do business? This is not their primary focus, and it is much more efficient to outsource these operations to a specialized business like Dlocal.
**Well then what about the future?** Surely other big names in TPV processing will want a piece of the cake when it grows? True, but how long will they take to slowly add themselves to each country in the way that Dlocal did? Will they be able to respond to every solution that Dlocal has for cheaper to attract customers while it not being their main business? Can they really be efficient while not specialized?
My answer to myself for this is: It is possible, not plausible, but I will take that chance.
Edit: Please comment below with your thoughts and questions…
\----------------------------------
If you would like to pitch a stock, please send it (Reddit draft post or Google Doc) to the moderators [here](https://www.reddit.com/message/compose?to=/r/InvestmentClubMods). If you would like to become a mod so that you can develop stock pitches with the team, please fill out [this form](https://forms.gle/xNZh4KdZdeu57Qh1A). | r/investmentclub | post | r/InvestmentClub | 2023-05-08 | Z0FBQUFBQm5teE5QV25xOFBsYndUWHFXNDVxMmc3UnkyN2psOG9TMzdINWdlaV9ESW1rWU5veWhOLXRaU05tZ0ozWHZaVkI3VXlYRTV0MUJTVk5JOUJoT0NCeW0zZFZERGtzV3FEY09nTXljSVRtWVp1MVNmSlk9 | Z0FBQUFBQm5teE5QZVZsemdQSU5reDllOHRhWGpFcXN5MWVxQ3RuRS1KMm96OWUyWjB0MG02VjdoQ0hNWVlva18tQXMwQWR1Y081Vm1iVFVFMEhLY2pQQVRXVkc0aW5teUhic0Q2VTE5TlRVVVFmWVVwRmRkYUNCSWMxcGxKV04tZ1JfMEtYS3NBSl9DaXJXVHlqZFBnUTJpMkR3bHZHcHlmVXNzRmVyQVVPM3g1VmxmNXUtYnBTZk05UXdqM1JIQXBJTVhBSWkyZFRZ |
edit: the vote [passed](https://www.reddit.com/r/InvestmentClub/comments/13hekbf/the_vote_for_dlo_passed_it_will_be_the_2nd_stock/) and DLO will be added to the [portfolio](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing) at market open (tomorrow) 15 of may 2023 using 5M
Please read the pitch before voting:
[https://www.reddit.com/r/InvestmentClub/comments/13bukdr/stock\_pitch\_3\_dlocal\_limited\_dlo/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/InvestmentClub/comments/13bukdr/stock_pitch_3_dlocal_limited_dlo/?utm_source=share&utm_medium=web2x&context=3)
\---------------
here is the current state of the InvestmentClub portfolio:
[https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing)
and if you want us to record your choices overtime for future bragging rights, then tell us what you voted here:
[https://docs.google.com/forms/d/e/1FAIpQLSdN9V8bX6qgc6KnxBNOgoJR4h3XQdGbL4fNcc4Kp3pZiTLZTQ/viewform?usp=sf\_link](https://docs.google.com/forms/d/e/1FAIpQLSdN9V8bX6qgc6KnxBNOgoJR4h3XQdGbL4fNcc4Kp3pZiTLZTQ/viewform?usp=sf_link)
​
​
[View Poll](https://www.reddit.com/poll/13eky38) | r/investmentclub | post | r/InvestmentClub | 2023-05-11 | Z0FBQUFBQm5teE5QR2ZWbGVZMkptcUFmekNoN2FrU3hfMXg0SmlWWTBLOExldFUtWHFzUV9GN1FoV1ZMWnBGYWpVMmJNUzZyWnhGLWltS2hwbWxta05iS1YxT1FtWXFfQzBud2JKSHM1RXd6cnVEeVdUbnRSYjA9 | Z0FBQUFBQm5teE5QUF9CXzhaVTduVVdTQlZHRWVNTEJZUGx4T18xM2hjOW81bFdSandiVGRwSno2Uk0ydnFZYV9ZOHo1TmZrWlJFQXRoT1ZCSlNiNGFkMHdIVjVfMm12dld0SXl1RFI3YU5KejF6WXExOGxtbElnQ0QteVlqQWJNM2laTk45aG83SDFDY0M2UktUbDE5TE53UEJGbXUtb3M1dTBqcnBIb0dIbkFuSHE3Q0tfT1RjamZRdElwNC02ZEFnSTd5TVRwQ2R1ZDNMNUxBbGlGMmtFckJZV2tudmNjZz09 |
Thank you to everyone who [voted](https://www.reddit.com/r/InvestmentClub/comments/13eky38/official_club_poll_should_we_buy_dlocal_limited/?utm_source=share&utm_medium=web2x&context=3)! The vote passed with 71% of people voting 'yes.' (Only votes by people who had read the pitch were counted.)
We should have another pitch in a few weeks. Stay tuned...
\---------------------------------
If you would like to pitch a stock, please let the moderating team know via mod mail [here](https://www.reddit.com/message/compose?to=/r/InvestmentClub).
And if you would like to join the mod team, please see [this post](https://www.reddit.com/r/InvestmentClub/comments/13u0rju/help_us_grow_rinvestmentclub_by_becoming_a/?utm_source=share&utm_medium=web2x&context=3).
Thank you | r/investmentclub | post | r/InvestmentClub | 2023-05-14 | Z0FBQUFBQm5teE5QLXFlZV9xVm8xR0hfRFhmWXQzVGdKWWs4RUNQQWhtS09BT1VzaXJmSFhmQUptb1NTUEJ1X0VaalBZNzJRTFZVRlNWQk94SzE5N3pxbjhCSTRCSXJOVGc9PQ== | Z0FBQUFBQm5teE5QVUhLaFBodHlDV1duWFhDN0FMczZ1ZlM3dFZHOWIwQnRhX1JKVXNQWWZxdk5YeTdFcmpfOTJjQlhuN3o4TzBqRFFVZzFDVm11WmRvTmg0by1HNzZITDMtTGJDVlVOUEtqZjh4MlRLQ0dxNE54TE9CUDRDazI2RnFQLWhwUzRrVzlyU1FkbUJaVDVIblNGUWdWWElLcXRxZWlGT1ZzRUo3SFIyelVYVmx0NklNRGx6X2w4R3dzYml2dzBjTlBxZ1I5NzR6YWx1dTVKUTZfM1R0ajgxRm52UT09 |
The Current InvestmentClub Portfolio:
​
|Ticker|Original Value|Current Value|
|:-|:-|:-|
|OPRA| $4,999,999.62 |$6,896,551.20 |
|DLO| $4,999,996.80 |$4,989,205.44 |
|cash (USD)| 100M (before investing)|$90,000,003.58 |
|Total value| $100,000,000.00 |$101,901,434.20 |
​
We are happy to announce the Club is more organized then ever and officially open for Pitches! anyone can make a post and send it for approval here on reddit (or make a request in advance to the [mods directly here](https://www.reddit.com/message/compose?to=/r/InvestmentClubMods)) and we will review and approve all factual, none meme/pennystock, stock pitches and make a poll on them!
if the pitch gets enough votes 5M of the virtual portfolio cash will be used for buying the stock
we made a [page](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing) that updates to our portfolio's market movements every 20 minutes, it contains:
1. the portfolio
2. every transaction we made and at what date
3. Pitch history
4. Individual choices (to be written here simply ask to be recorded in the comment section of a pitch or poll that is still up for vote and not closed)
It is just the beginning and we are open for suggestions for improvements!
If you think you have a pitch for us, remember, your Pitch doesn't have to be perfect, we want the sub to be a place for people to feel comfortable talking and speculating for fun and be excited about researching and sharing their opinions with no monetary risk, if you feel like that is something you want to be a part of we are waiting for your Pitch! | r/investmentclub | post | r/InvestmentClub | 2023-05-15 | Z0FBQUFBQm5teE5QcmliRzNYVGVHZFhuN3N0NTVqUTJkcEhDdDhBd3lZaEJGbVM5TTJFY0NpQ01NMVF3bzZIYWo0ZDluRVUwWWtBZEFJV0ZHeVZtdV9LMHlJc3lFbTdPZ2FVa19BNWFUbmtrX3pHaGh6Z3RIVUU9 | Z0FBQUFBQm5teE5QSXlwbm9JOXh3alBhY2xWblJBSGV4NXBFUE1tdm02TEFaR0I3UHA3Z1l4M2ZBOEhlNTBLNTNzdUgzQ3JndkluTGo3ZUNDdlkyd2RIVl9MWjBrQTFVTWNhMVB2OVpiakJqeUtXNUFOWDFnSXFTVWVlakVIZHRZZktCcWFRN1hsekpwRDZuRklNRFRpSFRQWnlTLWFyc1hBMzNabXBDUG9hZ0V4WExJSWZEeHRycENIeUIyVTZDS3R2WWVGbXdTMFpX |
Company overview
Columbia sportswear is an apparel manufacturer. They own 4 brands: Columbia, Sorel, Mountain Hardware, and Prana. These brands tend to be focused towards middle and upper middle class consumers. Their products are available worldwide.
Management
Insiders own a very large portion of the company; currently around 47%. The CEO, Tim Boyle, has been with the company since 1971, and CEO since 1988. His tenure has seen immense growth in the company and the stock. I would consider management of this company to be proven, and aligned with shareholder interests.
Balance Sheet
Columbia has a pristine balance sheet. As of last report, they have more cash than debt which enables them to ride out the cyclical nature of their business, and pursue opportunities when they present. Its current dividend yield is around 1.5% and they bought back 3.3% of shares outstanding last year, giving an owners yield of around 5%. This is well covered by their earnings and the company does not use debt to finance buybacks or dividends. One thing I have noted is that their buyback yield will fluctuate with stock performance. They tend to buyback more when the stock is down (2020 and 2022) and less in good years (2021). I think this is a good use of stock buybacks, as you want them to buy more when it's cheap.
Growth drivers
Columbia is a cyclical company, however they have demonstrated long term value creation. They have a 10 year CAGR of 12% (per morningstar) compared to their industry average of 5.78%. They specialize in active and outdoor wear, which has proved to be resilient as consumers continue to like hiking, boating, and fishing.
Their main growth drivers currently are expansion of existing product lines, and international sales growth. In the latest quarter they saw 25% constant currency growth in international markets. This is expected to be a big growth area going forward.
EPS growth will also be aided by reinvestment into the company. Stock buybacks should improve earnings per share. They also have the flexibility to complete acquisitions if they become available.
Columbia invests into R&D, adding new innovations and fabrics into their inventory. This helps them keep their products relevant and establish consumer loyalty. Anecdotally, their brands tend to be popular among consumers. Columbia and Sorel have been mainstays for years, while Prana and Mountain Hardware are niche brands with long histories. They partner with influencers to introduce new products.
Lastly, They have been expanding their DTC sales. Selling on their own website drives higher margins and profits. This is still a small amount of their overall business, but growing around 10% annually.
Risk Factors
LIke any apparel brand, Columbia faces a cyclical market. This will certainly continue to be true in the future. Columbia has proven to be durable through downturns (it's a 85 year old company) and their balance sheet helps them weather the downturn.
They are also vulnerable to shifting consumer tastes. This is always a factor with apparel. Columbia has proven to be able to stay popular with consumers. Both Columbia and Sorel have been popular for years. They don’t tend to be flashy or trendy which helps them avoid ups and downs of popularity.
Apparel is a competitive market. There are numerous brands competing for consumer dollars. Morningstar gives COLM a narrow moat rating, which is impressive for an apparel maker. This is always a risk though.
Columbia has had problems with supply chains during Covid. These problems appear to be behind them, but since most of their products are manufactured overseas, they do have to be aware of supply chain issues.
Valuation
This is a hard business to value because it is cyclical. I have assumed that they will continue to grow earnings in the low double digits over a long time span. The company has done this in the past and management is confident they can do it going forward. Year to year there can be variations in their growth rate, but I feel confident in their ability to do this averaged over 10+ years.
I’m establishing a fair value of $85-$90 based on 15x next year's projected earnings ($5.89). This would be below their long term average multiple. This would mean the stock is at about a 12% discount. Morningstar and CFRA have the stock rated as 4 stars, slightly undervalued. This is similar to my findings.
If The company continues its EPS growth, this would yield 13-14% returns over the next ten years.
The stock is dropping into major support levels around $70-71.
Conclusion
COLM presents a decent opportunity at these prices, if someone is willing to hold through cyclical volatility and has a long time frame for holding.
The author has no position in this stock (as of the time of writing) and this is meant for discussion purposes only, do your own research. | r/investmentclub | post | r/InvestmentClub | 2023-05-22 | Z0FBQUFBQm5teE5QSV9wRndwRTZnZC1fRVduMXdSa0pnNVRxeTRpNVE2STZNLU5JcU9ad1loekZWakJ6NjA4RWVNc25TUG00U3ZmRTlTMVZIczl1cjBObjNxcTRhNUtUS2c9PQ== | Z0FBQUFBQm5teE5QSzZpWUpmazJqXzBxRHcwVHp0UjV6S1piLTNmaGQ2X1U3WHhoS1pfTkl3MkY3Y0tjeEFVNWdaNS1hNHo5WU5YYVR4YVZCRkJvcUMzQ1pROGZad3ZHVE1HOUhnclR2eGotRC1QenNIU250X2hfbEY4TGxldzl4Ql9HRnN6d01lNXFhb1F3NWEweWE3alVZWW9SdjFWQTNoeFdRd3g5cVFRRmt1N2tFN1I5ZmJzejZWSXlvRXhEMTFkVFdOcUdBUldiV25MTnA5Z25fZ0lWODB3ZWVfcnNMUT09 |
​
*Processing img sh0f064wsh1b1...*
🎉We're happy to share: control over the OCEAN token contract will be revoked soon.🌊🌊🌊
Remaining OCEAN will be minted, to vest to community over decades.
OCEAN will be fully decentralized and unpausable.
Two blogposts have detail:
1. OVERVIEW: [https://t.co/4xTPa9CPan](https://t.co/4xTPa9CPan)
2. TECHNICAL: [https://t.co/6spL1W7GYa](https://t.co/6spL1W7GYa)
More Q's?
We've got an AMA for you! Thu May 25 at 12.30pm UTC with Trent McConaghy, Bruce Pon and Alex Coseru 😎: [https://twitter.com/oceanprotocol/status/1660624319662153729?s=20](https://twitter.com/oceanprotocol/status/1660624319662153729?s=20) | r/oceanprotocol | post | r/oceanprotocol | 2023-05-22 | Z0FBQUFBQm5teE5QaTJtaUlZSGhfOTZfTndoQUFvNWRrSW9JNEVwS0NfRkRBZXhWUlNCdGZvZWt5VlRrTzB1SlNmUDFMei16TmR1MU1vaE9aSngwREJvWi1OUXlrdlBqUEE9PQ== | Z0FBQUFBQm5teE5QZ2Nnejd6ZTB3TUwyVWVuM1VvM3ZPT1g4d2k3bXJiM0gzRjBKYW5iMGhyb2xfZ0RrLXJVc2FTZkNMRENRaFRhby1WZ2x2c01QUWtGZnJnT3hGVUxFbFZqVkJtQ3Y1T0JFZmtYdFlBRXBENXJjb2RoUHp5YUtwa2c2OGMxQWE0ZWZQVllYM1k2aUYxb0dSOXp2RmRheXBhSG9ZN2VaMVNuTnFUbXg0a1M1NEJwTjk3dXJiVW9KdEU1NHFyREh4WGhjdlljVHIzZ3NHSDVwNnVDUjdHTzV0QT09 |
Please read the [pitch](https://www.reddit.com/r/InvestmentClub/comments/13oo1gq/stock_pitch_5_columbia_sportswear_colm/?utm_source=share&utm_medium=web2x&context=3) before voting.
here is the current state of the [InvestmentClub portfolio](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing):
and if you want us to record your choices overtime for future bragging rights, then tell us what you voted [here](https://forms.gle/hDx7hk7Dgszn6UMYA) (or in the comments)
​
[View Poll](https://www.reddit.com/poll/13rffab) | r/investmentclub | post | r/InvestmentClub | 2023-05-25 | Z0FBQUFBQm5teE5QQXFNWGN5TGp5WjZBcVhjb2laemZsTnJ5LWtEUDgyckZldmVXSWtjVE1xVVYxWGpSWGRrVHVvMW1VWmYzSTNLZjZVbE1NMVlPUzNfb1g3SGdpRjZ0RzJraWotVUViZ3R4dTBNenJNVElpZ3M9 | Z0FBQUFBQm5teE5QX1BDWXFVMjdOU2FRT24xd1hmZUNWNE9acVNnYzR0UlMwSktDbWhWX3kyTmZFQkJXYU1VVWdlY2VUWTZfeHlBd2xxSks1cEJLLU81dGV5dWVCX1d3cGRhRG45UUFOelNGU29mSjFicEh0OHRvb2xkQ1k4d21zY2xramIxMkVDNXFDS200cXhxLTBHRU53Uzh6c19aSkNDQjB5QzFqa3ZYNEpMN3J0bDluM0h1U045dGw5NzVTTVJIR2psSlh0eTBONjNUbkM2a09kYWZxd0pEN1lNY3JCdz09 |
Hello r/InvestmentClub!
We are looking for new moderators to help us manage and run the subreddit/club. If you would like to exercise your investing chops and join the team, please answer the following questions via [mod mail](https://www.reddit.com/message/compose?to=/r/InvestmentClub) or in the comments below.
We are looking for help with the following responsibilities. They are, in order of most important to least:
1. Developing high-quality stock pitches.
2. Inviting Redditors who post excellent stock analyses in other subreddits to pitch to r/InvestmentClub.
3. Inviting Redditors who have shown a high level of understanding for stock investing to join our subreddit.
4. Regularly posting news related to the stocks in our portfolio.
5. Regularly posting updates on the state of our portfolio.
6. Creating and maintaining our portfolio dashboard.
7. Setting subreddit rules and managing how the club functions.
8. Doing mod duties such as ensuring comments are high-quality and stay on topic.
Depending on how many tasks each new mod takes on, we hope to have a team of 5 to 10 people.
\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*
Here is the application:
1. What is the extent of your experience with investing in stocks? Please include education and work experience if applicable.
2. Have you ever pitched a stock or participated in an investment club? (Not required.) If so, please describe your experience.
3. Which moderating tasks (from the list above) do you want to take on? Please state the # of your preferred tasks. (You must mention at least one number.)
4. Which finance-related subreddits do you frequent?
5. How many days per week do you visit Reddit?
6. On the days you visit Reddit, approximately how many times/minutes/hours per day do you visit?
7. How old are you?
8. Where are you located? (We'd like to know what time zone you're in.)
9. Do you have any moderating experience with Reddit? (Not required.) If so, please describe your experience.
10. Is there anything else you would like to share or let us know?
Thank you for taking the time to apply. Let us know if you have any questions or suggestions.
Sincerely,
The Mod Team | r/investmentclub | post | r/InvestmentClub | 2023-05-28 | Z0FBQUFBQm5teE5QZ0FMWS1XY0RDcW5teDZrQjAwcXJuOUhSN1gxUkJqelpPU2VqY0tKWVcyYXdpRUVIZ0Fqc1lRTFBJOWZzbHBNRmt3bnh6OFFRLXVGQVNlQW5vSXhRMnc9PQ== | Z0FBQUFBQm5teE5QY0NtUUlvVEpxcWNBOGRjNmZZdFlKWGYyMEhHMEtQdmxSTEpLMFZmYmtXQUFmLWRkOUgtUlk3ZmUwVndJX0RzVGM2Tk13VVNNWk5oeFpiY0t5OUp0QUF5LVRranFYeVh4MHhGOG1MakJjM1dtdGdnMFhWSUJzdjlad1hCTzUzRFR2eGJYRTg5aU1aY1p6S2NOUjB2eGpQRjBsSk9kM1M4NXhKSU1VY185STY4anJvWVU3b0o0MGpPQUZqRGd6b051TUZaUGJEU3d3MlRTTlFYRUowVjNDdz09 |
Thank you to everyone who participated in the discussion for the [pitch](https://www.reddit.com/r/InvestmentClub/comments/13oo1gq/stock_pitch_5_columbia_sportswear_colm/?utm_source=share&utm_medium=web2x&context=3) and who [voted](https://www.reddit.com/r/InvestmentClub/comments/13rffab/official_club_poll_should_we_buy_columbia/?utm_source=share&utm_medium=web2x&context=3) in the poll! The vote just passed with 61.1% voting 'Yes.' The required threshold is 61%.
We will be adding $COLM to the portfolio at the opening price on Tuesday.
We are also continuing to build the mod team. If you would like to be a moderator please apply [here](https://www.reddit.com/r/InvestmentClub/comments/13u0rju/help_us_grow_rinvestmentclub_by_becoming_a/?utm_source=share&utm_medium=web2x&context=3).
If you have any thoughts, suggestions, or questions, let us know in the comments below.
Thanks again! | r/investmentclub | post | r/InvestmentClub | 2023-05-28 | Z0FBQUFBQm5teE5QbkJKVU0wNDk2LWpsNmFuU3IzaEZiaWNpdFhKOGdkX3JzTE5FZkFJT3VHQlZyck9ROHA5Z3ZoV0N6U09uZ2U1aVNxWGtnN1BuRzZBWHVGRXpuMVBxMWc9PQ== | Z0FBQUFBQm5teE5QYkpWLWFlcF8yeWd6ZzVuYldoS0ZjLXl1RElnOHZZcDQyOVNlUnpvNXFuLXcwa1FKZ3NLbi15NnhfS01WdHZ4a1lLX1U5WXdPbEdTYjFyVTFQQ18yTGl3OVl2NFQwY1NhOThWV0E0aGNJSVBsclNfS1d2cFhwbmpVMkQ2VWZoanVUOWpOdnBQZXBFcW5NbWtEaGJ3X01wTlhuT2tGNXpYVmtfNW9sZUpUME9IU3RCQ2tQM0Y5QTNOeWp1VFJVWGRmODA3Z0xxelNSQVlDbEYzd3FZLXdyZz09 |
Please read the [**pitch**](https://www.reddit.com/r/InvestmentClub/comments/13v23im/stock_pitch_6_outbrain_ob/?utm_source=share&utm_medium=web2x&context=3) before voting.
here is the current state of the [**InvestmentClub portfolio**](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing)**.**
if you want us to record your choices overtime for future bragging rights, then tell us what you voted [**here**](https://forms.gle/YoK53vmPkP74DXWb9) (or in the comments)
[View Poll](https://www.reddit.com/poll/13xgbad) | r/investmentclub | post | r/InvestmentClub | 2023-06-01 | Z0FBQUFBQm5teE5QR19uVU0zb0thRXJ0end6WVM1MmlrNVVpdFRTYTlOcWVwMkR5OGoydVllSTJ3NWNlTGZpdzZRWVlob1dveXNKcGFyTWh2UU5LTUxyelN0ZGFZOTRoVjVqZGg4ckU5WGRPaWFDU2JEM3k3clU9 | Z0FBQUFBQm5teE5QZ29OSFljUkcxTGVUVWpmWklVeERwbWtGZERZOTlQNlo4R2hRTF9fZzZZbU1tazJQcl9fTHNhaU5WcHdqdTdLMEFhREhzMXRfX0VaV3pMVGpNdGNMTFZITlNXLVNOWEFueW52UlpRVEtfUi1hb0NlbElOcmtlX2Z1ZlRWS2E0WHhvZ1dLZXNLWEZUR3J3ZTMtbE9WbGxGaG9DS3ZpUm9vLWNrOGlpcFctZHZzOTBkd2dhYk5vYkxqUUl5aFcxcUVlT1NLaEZuVjNieU9RcDJDOXYwenBJUT09 |
So, OB received only 27% of 'Yes' votes, which falls short of the required threshold of 61%. We want to thank everyone who took the time to read and comment on the pitch, as well as those who participated in the poll.
We are currently in the process of building the moderation team. If you are interested in becoming a moderator, please see this [post](https://www.reddit.com/r/InvestmentClub/comments/13u0rju/help_us_grow_rinvestmentclub_by_becoming_a/?utm_source=share&utm_medium=web2x&context=3).
If you have a stock pitch you'd like to share, please reach out to the mod team [here](https://www.reddit.com/message/compose?to=/r/InvestmentClub).
Furthermore, please feel free to leave any thoughts, suggestions, or questions in the comment section below. We truly value your feedback.
Thanks again!
The r/InvestmentClub Mod Team | r/investmentclub | post | r/InvestmentClub | 2023-06-04 | Z0FBQUFBQm5teE5QTFRKR1BlSFdBSXd2YzY1bkJUalRnc3VoT1RqRTNUMVRoaThPNXB5aFROTl8yaFUwc3B1UExxc2w5b0hUNW9WU0dDNXp4RDFYc2U0TXQ1b1BjRXVDTFE9PQ== | Z0FBQUFBQm5teE5QdXpZdnBJOS1nZWNkY0tNRzFsVWp6WXhNbF82S2xyQl9qcWQ3YzlENTVjbUo5clpST09rcXpKRnVYTGFpVUo1anh2S0tBN09tN25qa1R3eVdTN0pfMWRxV19sWmliOUUwY3JDSk95TlF4VzNhTk1kbW9CWjlmdWxxS2xYNmMyNXZ4YnYyMXMtZFpNNUpUcWh1UzdSanQzdzlhY3VwSDVrckF4dU9OT3pHaURNMFhYeW1oYnVwU2ZodVR4LUFRVkNaczhyTm01UnByUDUxbTNqLXF1VW81Zz09 |
You need to add Band manually to see it up in your Keplr wallet and one way to do so is by using the osmosis asset withdrawal function. | r/bandprotocol | comment | r/bandprotocol | 2023-06-08 | Z0FBQUFBQm5teE5QanV1LW5GQVZHNktjU3JvRURyYkNVNllVWWhBY2tIeWctc3JBczB0VmRXaFNmdDQtZC04YThFQnJ4ZDRUb3BwQ215Vnltdi1lWDlQMTlpckI4VXNwWVEwZk9KZXYzdnN4Zk9CMUh0MXFkZm89 | Z0FBQUFBQm5teE5Qc1B3Z3JSWmI3SnFSVDdBa3RJVkZqOThzZEpHTFcxMy04WExFZ0pWbjY1OGZXc2E3NXp6eERDcTU1cUYwWFdqbmVNaGlvMU9DZk5XNzlabUdNYlhhMVl1bWRFcTl3U3VjQnRXLXdFVllXZ3JBQ1JZZ0hldXZPWHdBdkhUeEg1czA3VWhJTlRGR0RBWkdTc1M5MW5sbjlWZUFtR0Y0WW5JX0NDbVRUUmdSTU9NamFuY1RjTzNVTGdaSnN6UjBxa1pOSTJITlFHUkNlc0dHdXk1Ukt1VVJTZz09 |
bnb | r/bandprotocol | comment | r/bandprotocol | 2023-06-08 | Z0FBQUFBQm5teE5QZXIyTmdIMmJFNFExM0RQR1ZaTV8wdTNvVnRrVzhiaWdfUnFZX2lVeHU4UjlHMGFja005M0R2UDVmeGZjd1N2emxNVDhOT1V0aTliY25FVUhCNi1HVkE9PQ== | Z0FBQUFBQm5teE5QMWJWTDBCU1NBSGhUb050TGx6dWVqWXJZWTUyeTBIRHFEVVItb0VxYUFoa2ZRUUdiVTQyVXFBSXIxc3lRM2oxbzhlRFh5cm8wZ0JCMHJGb2RBN3diNEw5V1ZvNzA3THo5TjVxWXJHRjBKUVBwS0syS3BUUFV2R0JoaS1mU0d4VElJRlB6amdNbzRaS0tpQ0lCOV9remREZlJkbjFFd2wzRHNPb254SFppN3VJPQ== |
TOM is now considered a security by SEC. What does this mean for BAND? | r/bandprotocol | comment | r/bandprotocol | 2023-06-10 | Z0FBQUFBQm5teE5QRjc5aWQ4RW9uajh5bi1qaWhVLXZkUUthQmpKOTlicFk3clpWMXUxRnRwSElPYXhGYXRzZ2xlQXpDSmlpVlgwcndWdkdLR0hKMnA4Um85eXVHNVc1SEE9PQ== | Z0FBQUFBQm5teE5Qb2FDYkN4eDU0dlhHcExCQTdKeGNUZ0RqRjl6b0xITzMyYjd5M1dqXzU2X1RwX2hHcm9OTUlnY3QyNnh1dTFNSFhyYWlrQmJwWnFhbmpRdHY0YTlLNHVrbmp2czhhT1hBOXVFclZvQVNYSHFUYXhRRDJFLVFJTlNQLUlJeFVQUE43Y2hnQURUbFNPVUE4Ml9QVGplNkEybVRzMmk5WEpzMXVoUXFxREJvaXNLcWxMOVgyajBiVUhEcUVyWFlSY09mZ1M4Rmd2UTBlWl9odXNHb2xaWTcxZz09 |
I guess you mean to say ATOM. I'm not sure if that would affect BAND in any way. | r/bandprotocol | comment | r/bandprotocol | 2023-06-10 | Z0FBQUFBQm5teE5QbDJ4SDloT0steXp4cm8yb1NCVlliMEk5N3k3djFOVGJQd0FXT2JzdlpZM2ZfakVHdlBQbzJDVVkxTW5uU2c0SEZmakh4SElpQUR4YWE0S3M2Zmc0RkpWS05xcFU1b2xhdWZacFJXTV9XSms9 | Z0FBQUFBQm5teE5QT2hwR3h2dF9kZE5WendadzRlcW5aeV9WNzJkOU1FV2xGS1JuZnBqNXdJeXhmT3lyWEE0aGh3V1Nkdi1zUy11YklhTWJ1cEdCdlNna3hpRmJzTWcxOVVLOFZUNFNKcGppLTRuc1lYbHJPV3lJejVyX244Vk1vZldWNHF2VmF5LTJvdUZzZ1pzYjdUaWlCUkVyNWdXQzBfdEdVVl8yZ3VybXFGTnlSS2MzUFI5N04tMExsU1RSQlVHaXAtR3ZQbjJnQ0c5ZEdjTWpUY2lfTEFMTnlJY3lWUT09 |
# Zurevu left reddit:
The mod Zurevu has deleted his reddit account, we were informed beforehand he will slightly reduce his activity, but this is unexpected, him and I do share the google account of the sub’s google sheet, so I hope in the future if he wishes to comeback he will be able to identify himself from there.
Currently, I affectionate-wind-19 and Ghoshki are moderating the sub.
# Reddit API situation:
We have a lot of respect for the other subs going private but we will not do so ourselves, instead we will try to minimize announcement posts starting from June 12, but pitches are still welcome, without elaborating too much, the main reasons for the decision are those:
1). our sub isn’t reliant on out of reddit bots at the moment.
2). The sub just recently came back from inactivity of over a year, to maintain it we are putting the sub's recent comeback as the first priority.
# Google sheet portfolio explanation:
The [Sheet](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing) contains 3 main parts:
https://preview.redd.it/3glsd0180e5b1.png?width=360&format=png&auto=webp&s=76c24d4c886d947798c2745b1115b7e972d744c3
Portfolio:
​
https://preview.redd.it/otni6uo90e5b1.png?width=1452&format=png&auto=webp&s=510efc6f709f05dc76137e1d51788248342c0c78
Here the updated portfolio is being presented, currently not counting dividends, we will figure out how to calculate dividends effectively in the future and include it retroactively.
Pitch history:
[Here we show how many votes the stock got](https://preview.redd.it/vwt917jb0e5b1.png?width=684&format=png&auto=webp&s=89c75ac18dee9268f8e71d0b92992afb77e24cc0)
https://preview.redd.it/99pobq5d0e5b1.png?width=919&format=png&auto=webp&s=00a4d54142f6e5d6ebfa7d1701b4fe29efe2efb2
and here we record individual choices for those who make them public, if you want to be recorded for the next pitches simply answer the google forms we release with each poll and tell us your choice or comment under the poll what you voted and we will record your choice as long as it is on time before the poll is closed, note that your yoy returns will make more sense after some time has passed.
Transactions:
https://preview.redd.it/a40ufrne0e5b1.png?width=576&format=png&auto=webp&s=be8f7e1767cc46d55b0553b78ca86b21f734c803
here all transactions are recorded.
As always, we are open to suggestions, and more then ever, we are looking for additions to the mod team 😊. | r/investmentclub | post | r/InvestmentClub | 2023-06-11 | Z0FBQUFBQm5teE5QWVY4SlZUQ3Bra2hrUmctX3c5aVZJa3BPM3cwRlh5Tkt2MndXRTdlVTFCX1ZUM2Jhekp2ZzhDTHNsQjhnNXFlOFdBVjBvVXI2UlVpbG8wSGE1NUxBcGRjVS1mejBIRFBSOUl6amJIOXJ3czA9 | Z0FBQUFBQm5teE5QcldYTXlSVVF6Uk9WWFVaRjJFOUN4VXFhZm5vS1Y3cDNwNExVZnAwR2d5REJNaHVzcms5NzBTczNSN3lkWVMyZnFXT2wzUWlSbzZhdlkzTnlBN3A4MnRsYUJfMG1DdENCRVF2YTY1cTV4dVRUOXltZlVzZkVTTG5oU1ZuTUNYeVhxbDJwTTQwWWlvUzkzUGZnMkIxY2JTTWN4RjBibXk4TlpVR2xEMUVsT3VRPQ== |
Did you try the suggestion from Empty-Statistician? I’m also looking for a wallet that supports native bandchain | r/bandprotocol | comment | r/bandprotocol | 2023-06-12 | Z0FBQUFBQm5teE5QRjhGS2YyaUE3NVFGazQ3QTRfV3FiTzYwVUtpR1Q4NXAxbm02c1hhSjIwekJoeTZMZ20zZy10QW5DM3RXMklPWWg1VThaQVgwZWdhcUo0QUdZRzVVaWc9PQ== | Z0FBQUFBQm5teE5QdXYwUEFxM1lkVTJtV3RJQXFlZTNUM2xONEgwdml0U3N5akdvOVZXYjA2MmhsRnlITnVJc2F3VElUc1Jka0dhN29PTzZLWXprWU50Y0o4S1NSdWFnUGpoNkd0TV9CQk8wa2Q1Z3o0c1k2ZFFXUWZXTDhvdTJSODhObDE4c2VsdktMbXMtUEllcFI1VGNUYmZ2VGZIUndrN1BRU2s0MjJOMUhfbC1TN0dlNWswVzc1Q0diQW5Zdlhpd2c1RE9tVnl6M05KQmhBZ3pxMmhiNmZjQ1docU4yQT09 |
Atomic wallet, Cosmostation wallet, Citadel.one and ledger with cosmoscan.io (here's the guide if you're looking to store it on ledger https://youtu.be/VOudGFdIdlY) allows you to store and stake Bandchain tokens. | r/bandprotocol | comment | r/bandprotocol | 2023-06-12 | Z0FBQUFBQm5teE5QWHVfeHhSRGNBYzVyaTVmNE8tY0pEaEMwV2NLdmZ4bUVtNkdManJURFMtU0NUT21VdS1rOXI2MFZrT082NkdYVEJNdHV2TGhlNWpqRjBIdXFzZVdpalFoZVhqQkE2dEZWYWdYc0Fmc01ycEE9 | Z0FBQUFBQm5teE5QdkQtWUhROUdXNkZTUDZIczhqeVd2YWxVWm9VMEl4WmRYbFZiVEVMX1k5MTRSUWVrZzVWeC1YZEY3Nlg1YU1wSzRCeUY4SWE5X1djYlhzelRLUTJ0aFE0N1BVN2VISmQyeF9TcVQ0TVdudno2UzVXd0tmWXBwN3VFdGxOZFM1cUJEakJFUm9LWnFVeTBfNzRBNy1HZnp0Q05HRmhOeXFWZnNjVkpfX1RpcXZRekwzV05hRVloQVM3anNmUHlpNTMw |
Cosmostation supports native Band Chain | r/bandprotocol | comment | r/bandprotocol | 2023-06-12 | Z0FBQUFBQm5teE5QOUs4RzZpaFlyYmtiWFh0SjlvN2ZQdExFNUFNTUY1bHE2QUZucjJTZ3AxUXFFQ3R6eWNlYk1KdVUwNEQzMG9EVVRrc003WXVZZzg0WEFBWmcyUkNPanc9PQ== | Z0FBQUFBQm5teE5Qb0g3bDZ3bjRvZGdTVXFCR0lXaFVURDFDZjItdEtvNlhLZ1B3UTVRTU54d3NvQU44VnJFeUZTUGpPUjNhVG1GRU1xS1pESlNld0VIZ1FWaVJBUUh5SE5tNzNkVmRQeld3WWdvTUFiT3BZSkRnVm9fck5YblZselhhNW5udjFRQmJTVWZoRktvZldpNUJWdzBfZ3p4Y3JYV2JQV0ZBY1JSTUk0VWctUVNzbWNFdjZ1WFp0MHFza3BMVjR5WW9fOXF6SG12MXRIM0pPYzItazQzSDRHeHBxQT09 |
Obviously, don't use Atomic though. | r/bandprotocol | comment | r/bandprotocol | 2023-06-12 | Z0FBQUFBQm5teE5QUUxaR283N21kRFNpMDlJR1NkUFRSWnA1Q25GWHJjSGFvVFJITFFmaWRxZnpoMjZPckJwLVhQb2JsUmZKbGV2dExVSW1IQmRxNVYzY3lKVUoyVl9TNWc9PQ== | Z0FBQUFBQm5teE5QQlBHVVZfMmlZOFhDdkdEUjZEOWdxbWdJWTFsbTBpeGdXYklCUUFBV0ZPOFlyTkk5dGo0NXBXZzhIMTMtbkltaXVMOE1GeTZRRnRKQWZlNGh4a0pUbHhwYU5BaktmZE9OZHZZeFFEWC11YmVaNC0zQVpLTFo1cGt3WXdpTTFXOTJXdTJidWthcWFVdXJlc21BNW5EYVZMb3JULThSaDlCUEVvSHVaWDgwV0VXel9jUk5VeUxLbHNhbmVnX1o4YXVq |
Ok
Here is my review of the 6 months passive staking.
Some numbers:
10036 ocean staked
Cost going in is US dollars.
$10.45 transfer
$1.34 smart contract
Ocean rewards after 6 months
33.42 ($9.63) at current price
Cost to claim the staking rewards
$12.78
Cost to transfer the original ocean back to my wallet
$8.06
Soooo after 6 months of staking I have had a net loss of $19.85. I have left my staking rewards unclaimed as the network cost to claim is more then earned.
Overall what complete waste of time and such a disappointment from a great project. | r/oceanprotocol | post | r/oceanprotocol | 2023-06-15 | Z0FBQUFBQm5teE5QT2FfTUQ4SGxhYm1uZTVfYjFFQWJYNGJnNU1NTU1pOEZqOUVNZEc5cFJLbEdHajNlMDJaQTh0VG9KOE4wbGxCNWtSREdSWlJXWGVZRm92NVVfcGdjbVE9PQ== | Z0FBQUFBQm5teE5QcFRsWWVITE54UzlodHFFVDIzZjRQUUY3cWZXYmFZUTZRVlgyaWF4anhQRWZndThSa25veWZGMklwUkNUOUVTVm9wOS01aUNKT0EzVk55TnJDNl9teER2Z0RHNHY1c2M0c1NrakllR1pXX1dXOHBDdmtVbDFUNWdDYncydVY5dnktTWFCVXVMeFcyQkdrbFd6TjE3WDlCb3I2TERPclYyR3c4cXQ2cW5jUjVDNTJiNlc3VGFEa09LX3pJNnBTSUJV |
We have a stock pitch for you today. We're happy to answer any questions you may have.
For a more in-depth analysis, I have also posted in the Search Of Value Forum. Link to my post there: [https://www.searchofvalue.com/post/danaos-shipping-corp-a-2023-deep-value-opportunity](https://www.searchofvalue.com/post/danaos-shipping-corp-a-2023-deep-value-opportunity)
Market Cap: 1.34 Billion
**THESIS (SECTION 1)**
Our thesis on DAC is based on 3 main points:
1. It is trading at an industry lows in terms of quantifiable metrics (P/B, EV/EBITDA, Debt/Equity, etc.) with negligible debt. The 0.52x NAV multiple also provides significant downside protection.
2. It has secured a large amount of non cancelable contracts (made at all time high rates) during COVID which will account for 2/3 of future revenue regardless of future freight charter rates.
3. The high stable source of contracted revenue differentiates it from competitors by providing it with a large influx of guaranteed future cash flows - in what is generally a volatile industry. This acts as a significant competitive advantage.
Due to these points, we believe that DAC is undervalued, as it is treated similar to risky charter firms which are open to speculation of changes in container shipping rates - in spite of its significant lack of exposure to such volatility due to guaranteed future revenues (see section 7).
**INTRODUCTION (SECTION 2)**
The Danaos Corporation ($DAC) is a Greek freight charter company. It is heavily undervalued by numerous metrics - trading at a EV/EBITDA of 1.89, 0.52 P/B, a 3.52x P/E, and a 0.18x Debt/Equity multiple. As a freight charter company which owns the majority of its vessels, it is not directly subject to changing freight rates in the short term, although it is exposed to changing supply and demand as well as high capital dependance. Companies in the shipping industry are often viewed as a risky investment due to low ROCs and heavy competition. However, this company is currently at a massive discount, and its exposure to risk is limited as 2/3 of the current revenue is contracted until 2025 at the (high) COVID-19 spot rates. Furthermore, these contracts are with liners that are in great financial health, due to the previous few years of high cash flows in the shipping industry. As of June 13, 2023, the average contract for their fleet has 20 months until expiration. $100 million in share buybacks were announced in 2022, of which $40 million have already been purchased. Currently, there is a 4.73% annual dividend yield with a payout ratio of approximately 11.9%.
**GENERAL RISKS (SECTION 3)**
The firm is at its highest ever point in free cash flow - contracted EBITDA locked in contracts over the next 2 years are more than its current Enterprise Value. With the high amount of earnings that are already locked in contracts, the are around 2 valid foreseeable risks we have identified:
1. The decrease of spot rates is a real possibility - for this evaluation we will assume that rates revert to lower 2019 spot rates (about 40% of what they are currently) as each vessel comes out of contract. (Danaos provides vessel-by-vessel rates and contract terms so this is easily projected.) This assumption will only apply to about 1/3rd of the revenue in the next three years with the balance still on current contract rates.
2. The risk of a recession reducing demand may harm the company in the short term, but is somewhat balanced by the shipping industry implementing environmental regulations that will force many vessels to sail more slowly to reduce emissions. This naturally limits supply in the industry, albeit that new vessels are being brought into the market in 2023 to 2025
**MANAGEMENT (SECTION 4)**
Dr. John Coustas is the current CEO and President of the company. He assumed management of the company from his father (who founded the company in 1982) in 1987. He holds degrees in Marine Engineering, Computer Science, and Computer Controls. With a 44% stake, CEO John Coustas is the largest shareholder. In comparison, the second and third largest shareholders hold about 2.4% and 2.3% of the stock. His stake likely means he is largely in charge of decisions made at the company. Given he has over 30 years in shipping experience with the firm, he may place his main incentive on steady growth instead of attempting to maximize shareholder returns, although this might be balanced by other incentives due to sizable large stake in the company. The company was under extensive strain after the GCF until COVID due to a high level of debt and low charter rates - this prior history may impact the actions which the management of the company undertake with their current cash.
**CHARTER FLEET (SECTION 5)**
The average age of a vessel on the Danaos fleet is 11 years - for reference, depreciation of these vessels starts at ages ranging from 25-30 years. It is possible that current older vessels may be used for additional periods due to the obscenely high recent spot rates (this may be reduced after the intiation of environmental regulation. In any case, Danaos does not have a fleet for which aging is a current risk. Around $530 million was committed in 2021 to building 6 new vessels, which will be delivered in 2024. Prior to this, another 6 second hand vessels were purchased for $270 million in 2021- these second hand vessels have currently yielded around 8% in adjusted earnings. These worn vessels bought at attractive prices shows how Danaos management has a commitment to stable, sustainable growth.
Vessel orders have been placed with anticipated deliveries between 2023-2025, and the increase in Danaos' net shipping capacity is \~12.8%.
**CONTRACT CUSTOMER BASE AND INDUSTRY CONSOLIDATION (SECTION 6)**
Due to the recent increase in cash flows which shipping companies experienced during COVID, large numbers of shipping companies are in extremely (historically) healthy financial positions. Furthermore, the majority of Danaos' contracts are Industry Standard Charter Contracts - this means that they are not cancellable and are not subject to renegotiation or change unless in the case of a restructuring or bankruptcy.
In past years (during which the shipping industry was under far greater strain than it is now), Danaos received full compensation from ZIM when it restructured in 2014 in addition to when HMM restructured in 2016 in the form of equity. However, in the case of Hanjin's bankruptcy, no vessel owners received compensation which contributed to Danaos recording a net loss of $366 million in 2016, down from a net profit of $117 Million in 2015 (it is worth noting that the period was also of a general industry turndown).
​
[DAC Customer Base](https://preview.redd.it/aoo1h39hf86b1.jpg?width=632&format=pjpg&auto=webp&s=578b1ae28bded7129a8b563638e0c89e36ce0c5f)
CMA GM (22%), M SC (15%), and HMM (15%) were the 3 biggest charter contract companies for Danaos in 2022. In the Q3 earning call for GSL (a Danaos competitor with a customer base which partly overlaps with the firm), Ian Webber (CEO) said - “Further, we have industry standard charter contracts, they're noncancelable. We only deal with the really good names. We've never had a bad debt in GSL. It kind of doesn't happen in our industry by and large, anyway. Liner companies are desperate for these ships. They need the charter fleet to run their scheduled services. Without the ships, they don't have services. So it's in their own interest to behave properly. And as George said, they're in the best financial shape they've probably ever been in..” - this summarizes our conviction on the matter. The already low risks of customer bankruptcy are also somewhat mitigated by the firms diverse customer base (their largest customer accounts for 25% of their revenue, followed by the second largest customer at approximately 16%). This risk is already low because of the fact that liner companies have recently come out of a cash flow windfall.
The market share is currently concentrated amongst a smaller number of larger liner companies due to many smaller firms having faced bankruptcy in recent years - this consolidation and increase in supply side power could allow the maintenance of higher freight and therefore charter rates, which could have an adverse effect on the aforementioned supply shifters, benefiting Danaos.
**FUTURE DEGREES OF CERTAINTY ON ALREADY CONTRACTED REVENUES (SECTION 7)**
As mentioned, Danaos has done an excellent job locking in its revenue at the high recent rates seen in the market. Despite this, the stock seems to be treated similarly to other companies in the sector where the market is watching the precipitous fall in daily container rates and selling shipping stocks accordingly. In the case of Danaos this does seem like a baby-and-bathwater situation.
For context, the following graph shows the container shipping rates (those charged by the liner companies which indirectly then impact charterers at contract renewal) over the last few years. Due to the short supply of container vessels partly created by the port congestion during COVID, liner companies were scrambling for supply and willing to lock in to charters for long periods despite the high rates. The COVID period truly was an outlier for the industry:
​
[Freightos Baltic Index - door to door rates for 40 rate containers](https://preview.redd.it/clcdlsvmf86b1.jpg?width=904&format=pjpg&auto=webp&s=ff83ef5f59aa5af0595032afeb407efa593fbe0a)
**BRIEF INTRODUCTION TO LISTED COMPETITORS (SECTION 8)**
The corporation's main listed competitor is Costamare Shipping ($CMRE). It's market cap is $1.159B, about $250 million less than DAC. It's Debt/Equity ratio is 1.15, compared to DAC's 0.18. It also trades at a higher P/B value (0.54 compared to DAC's 0.52) and EV/EBITDA (4.36 compared to DAC's 1.89).
The only other listed competitor is Global Ship Lease Inc. ($GSL). It is also valued at a discount, but to a lesser extent than Danaos Shipping. It trades at a higher P/B of 0.72, a higher EV/EBITDA of 3.17, and Debt/Equity of 0.87.
**CATALYST**
We believe sheer value can act as a catalyst for the stock as it shows consistent earnings due to the contracted future cash flows. More media coverage as the stock increases and shows consistent earnings could also have a similar effect. In the case of a decrease in container shipping rates, consistent profits produced by Danaos could help it maintain its value relative to competitors. In recent times, the media coverage has been low due to the fact that the firm was unestablished and not immensely profitable until after COVID. | r/investmentclub | post | r/InvestmentClub | 2023-06-15 | Z0FBQUFBQm5teE5QTXJ4UzlNclo3SllRS1dGVnl0WXNoRFQ0NlhQSmw1emQ3RlNVaWtWbDVTdm0zZmd0S25GakVuNDA4VTctOUdsLVZrVWotWjFlUjg5dzNDaXNZa25iSmc9PQ== | Z0FBQUFBQm5teE5QNzhGZjNXeTNRTmtmZjBYejIwX05SeGJ5TnFuWTJMRkhyVTFMWjNOcWZDZEM1NlFORFR5TFNrR1kxaXFCeG5OUFFNem93djdNYkdWS3lzdUpEQ1BKX2JqWjVZVXgtVm9faDZaRXlBcEN2YmtiMGhHU2NvTTZHMHVDdFRKTGNocEJXc3hCTTJjYlhGeWJocjZpdzZWT3JMNGo2VUt4QXpkTnBsQlJyNDFjS3dpcW4tbTJWeUFWVE5kTnV6Z3ZnSjlH |
I am doing a 4 series ocean protocol mega-threads where I will explain everything about ocean in a simple manner. The 1st mega-thread is out and is already achieving great engagement.
​
but if in case, you missed the tweet, here is the link - [1st megathread](https://twitter.com/Wanderclyffe1/status/1669694349083545600?s=20)
​ | r/oceanprotocol | post | r/oceanprotocol | 2023-06-17 | Z0FBQUFBQm5teE5Qc1dXQmNYdGsySXBRQjd1Q0NpNTcxS1h5Tk9ZeTZBREIwQU9oUF91eTFoRklzUUlZV0N5bFp1MmF0NHVyNmpxb3EzMndmY2s4dnRZMEZqMGw5V1BMS1E9PQ== | Z0FBQUFBQm5teE5QbGJDemZMdjVXaG5hei13REFlRmx0b3FVb0VmRFlzM1B2dGNPN25TYVJfaDg0N3FTaWZfXzh1Q0ZwcFJxUXk2MHBXV0hRendBM19UTTdJaU43MG55bkJKdXRxTXlkQ1BrQUN3alBkWDItLTcyNDk1c09GYl9WZC1PMHZyX00yLWR6X1hNaURTalZEbWUyUC1teWIwbjNlS0I3WFZmcXQxLVpQT0YtX0tiZjBmM1pTT3FDc0xLRUpfQXRKY2t1NDFi |
Please read the [**pitch**](https://www.reddit.com/r/InvestmentClub/comments/14aatpf/stock_pitch_7_danaos_shipping_dac/?utm_source=share&utm_medium=web2x&context=3) before voting.
here is the current state of the [**InvestmentClub portfolio**](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing)**.**
if you want us to record your choices overtime for future bragging rights, then tell us what you voted here: [What I voted](https://forms.gle/gNDupdxunJqxcVQr7) (or in the comments) to be included in this list:
https://preview.redd.it/sext081gmr6b1.png?width=1302&format=png&auto=webp&s=dcfe212226a2c615c0453809fab74441a2b15b91
[View Poll](https://www.reddit.com/poll/14cilu1) | r/investmentclub | post | r/InvestmentClub | 2023-06-18 | Z0FBQUFBQm5teE5QV1REa0Zpc1NULVgtSTh0U21TYVpqNjRPcHlBMUdDaUQzT2FMaDQ0TU9NaVFWQmlKRmdxam9DeUN6ZWdoNnBqZzNJNzRfMHd2MmFfWnpabVZDN0RBOF9KQTlNVkJuT1d0bTFrUUd6ZWlZTDg9 | Z0FBQUFBQm5teE5QM0dxVUVOS2xjcjJrejJMZExzM1lQTUhSWlpIYmtCbllYUTZvcWhCVHFnbC1nUHExd3JiM3doQzJhRXJKNTY2bWJoUnZyV2xWYmJtRlpMZUlrVXRxT21yT095eS1QLVlqWDdLMjRBTnNkU1Z4OE42ekJib3QtSXFnQy1HWGpUb1BlSkpGSXpZaVJ2QWZmY25Yd2hlaUlWUzh1TkhVT00yNG4xeUVPejZfTkZuRkJlLTNUcG10ekNmNE02VG5hcVF6S3FVblUzV2tPcmtselo2MHozQW4zQT09 |
DAC received only 55.5% of 'Yes' votes, which falls short of the required threshold of 61%. We want to thank everyone who took the time to read and comment on the pitch, as well as those who participated in the poll.
If you have a stock pitch you'd like to share, please reach out to the mod team [here](https://www.reddit.com/message/compose?to=/r/InvestmentClub).
I want to remind you that even pitches that do not pass are still being followed closely on the ["pitch history" sheet (the second sheet in the document)](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing), and are being included in the personal portfolio of those who voted in favor on the google form survey that is included with the poll post.
lastly, please feel free to leave any thoughts, suggestions, or questions in the comment section below. We truly value your feedback. | r/investmentclub | post | r/InvestmentClub | 2023-06-21 | Z0FBQUFBQm5teE5QYUFENVo5ZFowTWg4MTJURjBRaVhXTmpGU2xaTU5kOXNPU2NCenU4TG5uQVBIbGJVLTY2aklGS0o5dE9YSkxQb0pjOHl4WnczZFUtbEx0VTRPSU01bU5TQ2NkUXQtcUhEWDc0bWRjd1ZoX2M9 | Z0FBQUFBQm5teE5QNHpNRmJ1ejR4YkNNR0p6TEVFT2xxSWdGWVpwbWhhUXhCNFR0alJxOWd4Uk9YVEZZTDZqcmRHeEl5Sk5UT3U0a05EWXA4MEhHZVhpUHU4dDVPbUI5SEd0Z3dMVjZlbzNNV29lZ2o4LWwxRS1Kd01zalVBRGltcFVzRl9KeWs0WURGcjBOMnRaSzRpQnZWdF9rLWVZTW9OVG5HckR5SlZsdGlzQVV5WldCRjU4clZINjZYcTJfY3hHSEZKcmJ3SkhlNFhpNDlHS0JjVVd6WG1UZ0pJVTBXUT09 |
Acquired during its initial phase, I have been retaining and amassing it ever since. The project possesses robust underlying principles, and the team persists in pioneering and developing various tools and products that will soon be embraced by the masses. This will result in widespread adoption and the expansion of the protocol. | r/bandprotocol | comment | r/bandprotocol | 2023-06-29 | Z0FBQUFBQm5teE5QTTB4bXU1NU9UY0FBUUVfSjl0dHVHMHhwR250TDVMT1J4RHg0REc1VmtERDd3Y3dkLUdkTlluWnNFYy1QcVBOckIxR3NJS1p4SmxlXzRVOUJacHdHcGNiZmhfT1NxUHU1Wk1BLTcyRUxjOWc9 | Z0FBQUFBQm5teE5QOGFiNFM1VTV6TXpCeU1WQWJKamxrVFdnRGQzX0tmVGFiTzh6ZU1TZ18wN25TdHlkSUp6RExKSVZRQ0c2aTc5NFlnaTlWLXdqNm9wXzBrcVFOT0QzSG9fSzV4OEEwaW8xcGlxN2VfZkhVN1lnRXNfWnU3cnhobXd0bW9uZUs0REFnMVRxZmpCX0ItWGpLOGI2cDVKREhxYXdEa0Y0TVlwbW1qbG1pLUpfMkRKMGtmblk3TTY4OVJybUluUE9zZjBpUUxPUG4wbWxYd05WRXVyZXJKckEtQT09 |
I've been adding it up too ever since. I believe decentralized oracles will play a very important role in the dapps of the future because these will require a lot of data. | r/bandprotocol | comment | r/bandprotocol | 2023-06-29 | Z0FBQUFBQm5teE5QbWE3d1VDcGlGUjA5S2hOdkhIOE4yczNVMS1sNDBJXzBodl94NFRxRGhiRzFpcUZzamdKTUtCaVlIakxxSXBiTVZqR0NmTTAtVFBrNThCanFKSDhHcHc9PQ== | Z0FBQUFBQm5teE5QUm00RzV0MDN5TTB2V3dsaU12WGxhRkpWck15WS00MTcxeTZXeU5oQ3hpRXhrSlEwYktPdXIzMnI1MWc3QWc0SXo5ZmFtR0hOdXBSR0ZDMTdVYmNVR0pCNURfU01ta3hSajVaWElCMFVublQ4ZnR4eWVaeW53RGJwaVNSSTl6c3RmVWhjQWdJWE9HZWRGbGFzeUdHenVzS2pkRXpLUUUzVDlwZTdZWFpvbVlqamhURDU2b1pjRG4tVlloOVp0YXU3YUFYZWdldXEwMmVHU2R6eXdvQzl6UT09 |
Still hanging on | r/bandprotocol | comment | r/bandprotocol | 2023-06-29 | Z0FBQUFBQm5teE5QTDRqYVB0Zm5mWWw3YVlXeUY5Sy0wV0trWlQ3cVpZem9sdHpLdWJHeVNCNnU3TjdqT3JOSUMtTVI1WGo0QXltSUIwZU9kVVp5bHUyZFo5cFNJVXVzUEE9PQ== | Z0FBQUFBQm5teE5QeHBuUUlxd18td01YNXB1RUFkZVpwUVl4SkhNR3laWk4wQ2trdllsY0w2aVU1Vkg1OFo2LXowaVV1SEJySjZoa2VsYmxQZzNDcVNfZ0RqQWhIQkJfWjhBazRVUzNhSWh1NHRQY1MyZVBNM3dBLWs1b2dUTXVBVWhmcGhrdWRIaFlYR2VZRDBmUC1iWDUydmtSNFJVY0ZsSjA1VjFtU2R4bC14SUpXcmc2eEF3bFh1ek91cXVieUlOTjVHdmhqdHNOVE1xOEZmV09EcW45RVRmdWFnckExZz09 |
/title | r/oceanprotocol | post | r/oceanprotocol | 2023-06-30 | Z0FBQUFBQm5teE5QWXg3RUs3TXpjbGVidTNBS3NJT1p5ejVfNFFraDk5NTRSXy0xeFZ2ckE0WnhWZ2VjT3BfVU9Nc3p3ZU9iSGJUcEZLOVZUc1RIOXR5dnY2WS1XU0RGRXc9PQ== | Z0FBQUFBQm5teE5Qd3hCVVp6bDhORVdraFhjbmU3NGJRV2tad1BQM2pBOEVNTWYyeUNIRTdBNk01MG9aT0lWUE1ILXZaQk92SWZ6YnNTRlNxOHdxQzNzN0hZT2xUbW1IYTdsQWJjazdDTlBuR29ndVVnVjRKTDZQY3FuVDVHb3E2S0VtWWxXSE40S053WVVXTlVDdlpmdnc4WGhBTWlIdkZiaWRDU3d2MTF4Uy1Va2wzSUFtNnFFcVRQVnZWa3Z5anhhRHRUQ0pzUUUyRThfRFBkTENnTGUwS3RzYjlKUk9VZz09 |
wow! | r/bandprotocol | comment | r/bandprotocol | 2023-07-06 | Z0FBQUFBQm5teE5QYXNpU281NHVQbEZoMU9oT3BieEJRc1dndUdqMGRpeE5pOHNMQXQxTlJzZG9XcE9qdG9tVVNUT3pyWGY1UUxuMWFjdjNOZmNkMkx3eWlWRDJuY1ZtaWc9PQ== | Z0FBQUFBQm5teE5QNFhYQW13YmhQMmhZajZ4WEhlVEJpZkF3YzJsTC13QmxLSlRyeTVlRG9sU1NBc3BjYnFpREFvUGtKdlJhZTZpcTN3Y1RKN2k3OUhGN3NrWWlSNXQzcERBYUNvQzFTcFVuSjctc2FjbW5pLVNncFg5dnBVcG9PRHc4LVV0THg2cG0ycUdFUVJxekpBZkctemRaMk9IUEdkT2paN0VGSDNiWWdnLU5tZEJ0Z19hbDBVd1NYR0xNZFA3TVUyQnZqaW9kZklTNWtEUGR0aWZWbGJzbGxYczVFcTZpYkkxUGpCWlgyVkxQaklvbUhsOD0= |
scam!!!
this is official one https://www.bandprotocol.com | r/bandprotocol | comment | r/bandprotocol | 2023-07-06 | Z0FBQUFBQm5teE5QZ1ZRVXo2NlBQN05QODF0UmFOT1hfZ0IybzVwd0Y2NDdMRWNmTl9MQ2lpdS12TlIwTHNPSkRKcDViaEFNekxENTZMMS05eXJaSFZNWXJGbkxfZEFuVXc9PQ== | Z0FBQUFBQm5teE5QUkQ4emtUOWhXNE1yM0pkSzlENHhZMEF4MjZCdDJwd205M2x0Y1AzNV82dGRfQ1dZcDBjQVFsQ0lzV2N3X2FPMHlSYWdSYlhnMnp5Y0FzQmVPSWM2ZUlQZ1ZMRVRZN0tTbF94YXZIcHkxcllIeW5JRFZWZmxQWWZlTnZXYkVjM2lxWnBCQ0NPMTk1dGVBQTZEbzc1bEgtOGlxbGpLYUw0OGNFbjA3b3pSajg2NEp0NW5HOTYyaFBHc2VRakEtYmho |
Thank you. | r/bandprotocol | comment | r/bandprotocol | 2023-07-06 | Z0FBQUFBQm5teE5QR0dDQUhVOFpGNjJZWEt3eE1pX3J2eDFhN1k2RGNRemJJaXg4NVVhaU9pdjF5UW0ya3A5UnBfZVNCbW9EN1JUSnlBWGFRYmhvQ3VRTUl5c2o4N0ltMmc9PQ== | Z0FBQUFBQm5teE5QWEgwY2ZZVS1iWWxUTXk3cEQ4N1ZnRVR2aTNDUnNTNWZ3RmNmaEhURGNKUXBIT1ZMREZRSWdTMVlfYl9zWk1NWEpmWHNrS2JMYllackk2dllKOW9ZeGQ2aE9vQVZlRzV0VjJIT0RMUjBUblFPRm4yV01SQ0NzMzVhekVSU2JnUGhRdXNLcldQaWNRbzlJSEV1RXN1cWZDVG9Ja2phMFE2VWRIMWdWeUVZMnpNU0dMVkNOZGlsR2JWLWJ3aGZVZHEw |
Please read the [**pitch**](https://www.reddit.com/r/InvestmentClub/comments/14t9n1k/redington_india_redingtonnse_pitch/?utm_source=share&utm_medium=web2x&context=3) before voting.
here is the current state of the [**InvestmentClub portfolio**](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing)**.**
if you want us to record your choices overtime for future bragging rights, then tell us what you voted here: [What I voted](https://forms.gle/VB1bEf3TUdoQ5AHR9) (or in the comments) to be included in this list:
https://preview.redd.it/04m8z4lhn5bb1.png?width=1623&format=png&auto=webp&s=d860778ff4c15f61c97893eb771fb1b499c3d158
​
[View Poll](https://www.reddit.com/poll/14vx2o8) | r/investmentclub | post | r/InvestmentClub | 2023-07-10 | Z0FBQUFBQm5teE5QbHZ1YzZjSEx5akN2ZzNCbERpMHVIaVoxUE1ySExpa3VDLVRRVFpoU0VxWEtNMmFJNUFHRWxuMUsxYy1LZkQ4Yjc4WWJENjJZd00xTFEyekFzbjZ2QlAxZ0RQSHhGZ2I3Wno5WXNmc0tveTA9 | Z0FBQUFBQm5teE5QaXE5VUp2UEtVWi0wdnhfcWRHV0lSQ0RveTkyS2h1U3BickxDNU5odnpRSmdBUHJkZDMxaS1UekktSHRaV2JnU1hkWDYzNWZRb0tzUTg3NV9tT3VBQ3NORzJPRGlrNEV0c0ZsbFVXaWdqRWl1anVFRlNudU9yaWVSVV91ZmJwSkUzdUdhZTNrNmxkcFpJWkN1aEI4LXpfR0VRbGxWWXctZ25Ca25haDJuNHRSNXJoajR3X3JicW5QY0lKUURKbUozTk00Q1gzdWdFZW8xVmdTZXpybk5ZUT09 |
Scammers gonna scam...
GFY. | r/bandprotocol | comment | r/bandprotocol | 2023-07-13 | Z0FBQUFBQm5teE5QSzhtYU9DQVhFbzBGRjRfRUpOdFA2Y0k5a25hc0tJRnRXcURmNnJHdDBIWXZsbWVuTlpGb25VTVFwMGdfSEVBUVRYM0QzemRNZzdkYzY5dld6bWRRcFE9PQ== | Z0FBQUFBQm5teE5QZ3g2Q3NvODVnUHdfcW1zOUtUdTBwUGFXSFNiSWRWSE4zbE1QdU11Y1k4ckpyNE1XMk8zWGsyM21IQnVpeURGVG5kTEJHMVpPdGJJOEl3cktnVDZnWk9XQ28wcE9IbVFTdVJjLTdsV21zcjdEbDR6TzlzMmhsV1B2MEFSSjlTYndwcFN6aEI2X3JTcDNDeThYaFQ5TFVTNWEwSUx4UG42ZllMb0VjM3lzeHBTVktCRTFDXzluYkNWZjN2Sy0zUloxbTNuRGI5clE0cm1ubHRoY2EzaDlJdz09 |
I think the post reads like an advertisement for a project that has not figured out that only scammers do airdrops in 2023... | r/bandprotocol | comment | r/bandprotocol | 2023-07-15 | Z0FBQUFBQm5teE5QbEhfd0x0R08wUFVCWVRCZWUzd1EtUkk3SzAyMElzTm9qZUdoU0pidkxGZDRSenBKSW5BN1NRNEk3dnRZejJjNG9FTEluaTJpSFg2R2R4RXktTzF6T0E9PQ== | Z0FBQUFBQm5teE5QczN4WDJPa1Fha1FKYXM4bEZNSEFCXzVwSlRaMHpLUy1nQlNaLVhkRXo5QW1Bem03TzVfczFNWDZ3bEZ4VzBmV3hNTl83SVYzTXBDbHU0MWkxNE5rdlQwZUJldzlyS2NnSkNacUlDWVI5T2x4NUhpUmZWZlhjbEd1bGVZa2JZRzJSUy1PNnFQcnVzYzBFVklXQ1d3ZlRaemt0NWJucTNJdUU5ZVVLZHM3YVM0PQ== |
Thank you to everyone who [voted](https://www.reddit.com/r/InvestmentClub/comments/14vx2o8/official_club_poll_should_we_buy_nse_redington/?utm_source=share&utm_medium=web2x&context=3)! The vote passed with 78% , which is beyond the 61% needed.
Redington is traded in Rupee on the NSE exchange, so this one was a bit different.
1). 5M dollars are converted to Rupee with the assumption of 7/13/2023 rates (poll end) and 1% fee (50,000$ fee)
2). while the USA market was open at poll close, the NSE wasn't, the next open was in 7/17/2023, and the price of purchase of the stock is set to that date, at open.
[As usual, the portfolio is being displayed in our sheet here, with all the necessary details](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing)
Thanks for everyone for voting, and especially for the stock pitchers who continue to contribute great writeups. if you have any questions feel free to comment them. | r/investmentclub | post | r/InvestmentClub | 2023-07-20 | Z0FBQUFBQm5teE5QSl85d3J4dERBaGg1UjNEcTY3NDZ0TG5sZlBWbWhmanhRbXQ2MTM5TDZOY212ejQ4c3J0RkN1RVBBZUpUSkdaYm1vTlB2b0dKR29tVXZSOTV3NTJSNXlKejk1NG0ySEhQcktCSFhDMkFyTlU9 | Z0FBQUFBQm5teE5QRHkxZWRla3FNa1NaTjJRZmRiZGFQNGdlU1NhTURLcXJOdlppQmFmZ1F4MkpyRkhQaWQ0TjNqWkI2YTIyY01qeDFmWnRLS0dwRjVaeEFJWWhaYWtod3hGME9WbE5uQ1BwYThpb3ExWVc1aGR3eWNlVDhGa1E0Rjg3TVpIdGpBZHV2RXVzcGdTdGVZbE8zVEhFVWtlOGdHY2dfVm5iYnB6Qnd5Y1lndTRWMUNZR1BtYi1udkVxWmlPdzJ5OWNTLWJUMkcyeURZT1F5aDdqQVZvQndYbUVOZz09 |
https://www.youtube.com/watch?v=pAqg7No1z_w | r/bandprotocol | comment | r/bandprotocol | 2023-07-23 | Z0FBQUFBQm5teE5QWlEwc1Y4cFhEdGc0bWloTFVpR1duektBTFczUzN6MVNxa1RZSF8yMVRFTmJ5ZXZnVERVdDdBOUpzbHpRclZrZDJlTjBORXVTZ09nM1RwdjRqVjJSZkE9PQ== | Z0FBQUFBQm5teE5QcFlndWg3d3JfSldna1JfWjhJMGJZNmpFcFUtUTlwZHRzQWFIYklJU25MWkpTd2dQNkdhNi1lMEVJUTlNRTFoTERHR1h4UUljQVRHZS1nSXk4NG9PdnE2RGFvbnJ3WmJ6QTdjNXZoZnluM0NjOVpBUmh6NFRvajM2V2F1RXpjYTZ1UG90NmdzUW9PVl8zb3VBTnhiWWZsLU5ZcWpKTThoRlZqdGlMX2VacnZQZEEyUlFwV3l5MDZWclhNSjhPMVBJLU4xOW1UX0dmSi0wVU1VRF9yOURJUT09 |
Hi all, this is a really comprehensive stock pitch taken from a blog ([Skeptivest](https://Skeptivest.com)) I run with a friend
We think this could be a winner. We were super stoked to be given the opportunity to post some ideas here and will be posting more in-depth, quality ideas for the community!
\--------------------------------
#### Business Overview
* Kanzhun is the company behind BOSS Zhipin, which has become the largest online recruitment platform in China in terms of average Monthly Active Users.
* **Differentiators:** BOSS Zhipin is **(i)** mobile native, **(ii)** AI recommendation driven and **(iii)** offers a direct chat function with hiring managers
#### Investment Theses
* **T1: Industry Outlook** – BOSS Zhipin is well positioned to capitalize on the online and mobile transition of China’s recruitment industry****
* **T2: Economic Moat** – Reinforcing network effect coupled with a tested and proven product-market fit indicates a highly defensible core****
* **T3: Financial Position** – Prudent capital structure alongside a profitable and OCF positive business model makes BOSS Zhipin primed for growth ****
* **T4: Capitalization Table** – Absence of significant disposal post-IPO lockup period by key shareholders (i.e., founder, early-stage investors) signals strong internal conviction
#### Valuations
* **Relative Valuation:** The market seems to have priced in much of the optism we share as indicated by the valuation multiple it is trading at vs peers. Nevertheless, entry price is still reasonable – though definitely not at a discount
* **Intrinsic Valuation:** Very conservative assumptions used yielded an intrinsic value of US$17.89 per share via DCF
#### Risks
* **R1:** Growth outside of China may be limited due to product-market fit issues****
* **R2:** Regulatory overhang still remains****
* **R3:** Potential rise in competitive pressure****
* **R4:** Weak corporate governance, especially through its board structure
#### Catalysts
* **C1:** Efforts from the Chinese government to stimulate the economy via fiscal stimulus****
* **C2:** Improved geopolitical tensions and greater certainty over economic and security policies****
* **C3:** Fresh growth plans announced, aiming to provide further value-add to its existing user base
## 1. Company Overview – BOSS Zhipin is China’s largest online recruitment platform
#### Who is Kanzhun
Kanzhun is the company behind BOSS Zhipin, which has become the largest online recruitment platform in China in terms of average Monthly Active Users (MAU). BOSS Zhipin has an average MAU of 30.9 million users as of 22Q4.
#### How does the app work
Employers post jobs, receive personalized candidate recommendations, engage in direct communication and receive resume upon mutual consent. Job seekers likewise receive job recommendations, initiate direct chats and deliver resumes upon mutual consent.
#### Unique features
1. **Mobile Native** – Unlike traditional job portals which are mainly used on a web browser on your laptop, BOSS Zhipin was started as a mobile app
2. **AI recommendation driven** – Unlike traditional job portals that are search-based driven, BOSS Zhilpin leverages data collected over the years coupled with proprietary technology infrastructure to match jobs and candidates
3. **Direct Chat with Hiring Managers/Bosses** – BOSS Zhipin allows job seekers and employers to initiate direct chat with their counterparties. Hiring managers are also involved earlier on in this recruitment process, making it more efficient since a layer of middlemen (HR staff) are removed.
#### Striking resemblance to dating apps
In my opinion, the characteristics of BOSS Zhipin make it bear a striking resemblance to dating applications such as Tinder. One, it operates mainly on mobile platforms, allowing users to engage in a less formal process and respond whenever they wish. Two, it enables direct messaging and facilitates instant feedback. Three, it utilizes artificial intelligence-powered matching algorithms.
#### Monetization Model
* BOSS Zhipin primarily makes money from their enterprise users (i.e., employers) through **(i)** charging a fee for each job posted and **(ii)** other value-added tools (e.g., bulk invite sending, advanced filter help, etc.).
* Notably, BOSS Zhipin has an interesting monetization mechanism, which prices the job posting fee through taking into account of demand and supply of such roles. So, for example, a role with significant demand could potentially be free to post, to attract more job seekers.
* It does not earn a fee through successful matches – My take is that it is likely difficult to do so anyways, since it is easy for parties to close the deal off the platform without BOSS Zhiping’s knowledge.
## 2. Share Price Movements – Key turning points and events, and how they impacted share prices
By studying past share price movements alongside financial news, I noticed that BOSS Zhipin’s share price has been highly driven by **(i)** regulatory overhang, **(ii)** market sentiments on the Chinese economy, **(iii)** US-China geopolitical tension, which feeds into market sentiments on China, **(iv)** Earnings performance. Thus, forming an opinion of the above and closely monitoring these factors will be crucial for both the initial investment and portfolio monitoring.
https://preview.redd.it/86ab4iel99eb1.png?width=2153&format=png&auto=webp&s=7153881ef03327c4ccf66fbfc9f114b09b4ed1bb
**June-21 \[Neutral, Internal\]:** Kanzhun Limited went public in June 2021, offering 48 million American Depositary Shares (a US bank buys shares from the firm, re-bundles and reissues them on Nasdaq) at US$19 per ADS, raising approximately US$912m.
**Jul-21 \[Negative, External\]:**
* Almost immediately after its Nasdaq IPO, the company was subject to a cybersecurity review by the Chinese authorities. The platform was required to suspend new user registration in China.
* Note that this was a period of huge regulatory crackdown from the Chinese government. Didi (China’s Uber) was delisted from all app stores during this same period due to “serious violation“ of cybersecurity laws. Other popular apps like Huochebang and Yunmanman were also probed into for cybersecurity reviews.
**Feb-22 \[Negative, External\]:** On 24 February 2022, Russia launched a military invasion of Ukraine in a steep escalation of the Russo-Ukrainian War. China refuses to condemn Russian President Vladimir Putin for the war and the resulting humanitarian crisis.
**Mar-22 \[Positive, External\]:** The State Council's Financial Stability and Development Committee suggested promoting the growth of a robust platform economy in order to strengthen global competitiveness.
**May-22 \[Positive, External\]:** Vice Premier Liu provided explicit reassurances to tech companies during the Chinese People's Political Consultative Conference (CPPCC) and expressed his support for their listings abroad. Liu affirmed that the government would back tech companies in their efforts to go public, both domestically and internationally.
**Aug-22 \[Negative, Internal\]:** BOSS Zhipin announces its 2Q22 financial results, which saw a 12.8% drop average MAU vs the same quarter in the prior year \[[Source](https://ir.zhipin.com/news-releases/news-release-details/kanzhun-limited-announces-second-quarter-2022-financial-results)\].
**Oct-22 \[Positive, External\]:** China was expected to start to gradually loosen its zero-COVID policy after the 20th National Congress of the Chinese Communist Party
**Nov-22 \[Positive, External + Internal\]:**
* Initial stages of zero-covid pivot. China issued 20 guidelines for easing its zero-COVID policy including to reduce quarantine requirements and scrap circuit breaker bans for incoming flights.
* BOSS Zhipin’s 3Q22 financial results were also positive, with a 12.5% increase in average MAU vs the same quarter in the prior year \[[Source](https://ir.zhipin.com/news-releases/news-release-details/kanzhun-limited-announces-third-quarter-2022-financial-results)\].
**Dec-22 \[Positive, External + Internal\]:**
* A dual listing on the main board of HKEX was completed under the ticker “2076”. This move certainly helped BOSS Zhipin diversify its investor base and fortify its capital structure amidst US-China geopolitical tensions and uncertainties.
* Coupled with further covid restrictions relaxation, which hugely boosted investor confidence in China
**Mar-23 \[Negative, External\]:** Continued geopolitical tension, with the alleged Chinese spy balloon saga in Feb-23, alongside weaker than expected economic data post zero-covid pivot has definitely had a big impact on the overall Chinese stock market.
## 3. Industry Outlook – BOSS Zhipin is well positioned to capitalize on the online and mobile transition of China’s recruitment industry
​
https://preview.redd.it/yhnyjvdj99eb1.png?width=1304&format=png&auto=webp&s=6e1a6d56853f4ad097a98efbfdb779f8314ab403
#### Rapidly growing online recruitment market…
* According to a CIC report, China’s online recruitment market size is expected to reach RMB 251b by 2026 \[[Source](https://www1.hkexnews.hk/listedco/listconews/sehk/2022/1216/2022121600140.pdf)\].
* While it is not clear if the definitions are different, UBS is less optimistic, estimating the market to be RMB 110b by 2026E \[[Source](https://www.ubs.com/global/en/investment-bank/in-focus/2022/china-online-recruitment.html#:~:text=We%20estimate%20a%2025.6%25%20market,enterprise%20and%20job%20seeker%20groups.)\].
* Nonetheless, UBS is also aligned with the huge growth opportunities – projecting a 25.6% CAGR from 2022 to 2026.
#### … Backed by key structural trends
* **#1 Increasing penetration of online recruitment driven by the convenience and adoption of mobile** – Due to the prevalence of mobile internet and smart devices, job seekers are now relying more on online recruitment platforms, which have proven to be more efficient and convenient in matching jobs (e.g., you can easily apply for jobs or manage job applications on the subway home without turning on your laptop). Additionally, due to the convenience, such platforms also activate more passive job seekers, which increases the online recruitment market size. Note that China’s online recruitment market is still at an early stage compared to countries like the US. In 2021, online recruitment represents only 35.3% of China’s recruitment services. This is up from 26.8% in 2016. However, this figure is expected to rise to 52.6%, outpacing offline channels by 2026.
* **#2** **Cost** **per hire for online recruitment is just a fraction of offline recruitment, democratizing such services and making it a more effective recruitment channel** – Online recruitment cost one-fifth of offline recruitment, according to CIC. With lower cost, this enables employers to use talent acquisition services like BOSS Zhiping, and hence growing the market size.
* **#3 The blue-collar segment in particular will stand to benefit tremendously** – Compared to the white-collar sector, blue-collar recruitment is characterized by fragmentation and a strong dependence on offline channels like referrals and agencies. However, due to the growing challenge of finding skilled workers, online platforms will become increasingly crucial due to its efficiency and cost-effectiveness. Furthermore, blue-collar workers generally switch jobs more frequently, with around 2-3 job changes each year on average, making it an attractive segment.
* **#4 Existing disparity between supply and demand in the labour market –** The overall urban unemployment rate in China is improving, but joblessness among 16- to 24-year-olds is bucking that trend. In Apr-23, it increased to 20.4% \[[Source](https://www.goldmansachs.com/intelligence/pages/why-has-youth-unemployment-risen-so-much-in-china.html#:~:text=The%20overall%20urban%20unemployment%20rate,about%2010%25%20in%20April%202019.)\].
#### BOSS Zhipin is uniquely positioned to tap onto this growth
* BOSS Zhipin, being a mobile native platform (unlike its competitors, which are largely webpage native) is uniquely positioned to tap onto this growing market.
* After all, founder and CEO, Peng Zhao left his cushy CEO job at rival firm Zhaopin (first and longest-running online job portals in China) to start BOSS Zhipin precisely because he saw an opportunity to enhance efficiency in and capitalize on this market. BOSS Zhipin is built ground-up, through a deep understanding of the online recruitment industry and what it lacks.
## 4. Economic Moat – Reinforcing network effect coupled with a tested and proven product-market fit indicates a highly defensible core
​
https://preview.redd.it/sjbsy9vn99eb1.png?width=1056&format=png&auto=webp&s=f658201149b1c8c1a596b532a1d5bbf3b7b34440
**Significant R&D efforts to create an excellent product with high product-market fit**
* BOSS Zhipin has spent an average of 26.1% of its revenue on R&D efforts from FY19 to FY22. This has translated into a world-class product that has gradually overtook incumbent players (Liepin/51job) despite being a latecomer. This signals to us that BOSS Zhipin indeed have strong product-market fit.
* Note that under US GAAP, R&D costs are largely expensed rather than capitalized. Hence, there is significant intangible assets that BOSS Zhipin has built over years, that is off balance sheet and likely underappreciated by the markets.
​
https://preview.redd.it/g7nhpz4s99eb1.png?width=913&format=png&auto=webp&s=ddf0e96bec868fd19f2fa4de135f12e50a473cb5
**Reinforcing network effect creates a strong economic moat**
* Many tech platforms (like Grab) tend to also have such a flywheel model. In BOSS Zhipin’s case, as more employers join the platform, more job seekers are attracted, resulting in increased interaction and data to train the AI matching algorithm. A better algorithm enhances the job seeker experience, attracting even more job seekers and ultimately leading to more employers. This creates a reinforcing loop that is difficult to break.
* BOSS Zhipin has already reached a large enough critical mass for this network effect to be quite organic.
* This is an industry where price is not a key differentiator. Being able to provide reliable matches through data can be a key differentiator for BOSS Zhipin to capitalize on to expand its margins in the future.
## 5. Financial Position – Prudent capital structure alongside a profitable and OCF positive business model makes BOSS Zhipin primed for growth
#### Significant debt headroom
BOSS Zhipin has an extremely prudent capital structure with no debt (excluding very minimal operating lease liabilities). Hence, there is significant headroom to load up on debt in the future when the firm is ready and requires capital to scale.
#### Huge cash war chest
It also has RMB 9.75b of cash (as of 31-Dec-22), received from its IPO issuance that is yet to be deployed. Note that the cash was raised at an attractive valuation (before all the Fed hikes in 2022). This gives BOSS Zhipin significant buffer, but also access to cheap capital (alongside debt headroom) to scale or reinvest into R&D.
​
https://preview.redd.it/knkxcc0u99eb1.png?width=1098&format=png&auto=webp&s=07fc31a197900eb89b2f43116420bef8cee9addf
#### Enviable financial position vs competitors
Note that its competitors are in way less enviable financial position. Liepin has only RMB 476m in cash (as of 31-Dec-22) while 51jobs had just a measly RMB 10.5m in cash (as of 31-Dec-21). Nevertheless, note that all 3 companies (BOSS Zhipin, Liepin, 51job) have very low debt on their balance sheets. BOSS Zhipin has a D/E of 0.023x, Liepin has a D/E of 0.059x and 51job has a D/E of 0.085x.
#### Profitable business model
****Despite aggressive marketing and R&D expenses in FY22, BOSS Zhipin was still able to achieve GAAP net income and EBITDA profitability. Moreover, the company is also operating cash flow (OCF) positive. Note that BOSS Zhipin’s competitors (51job and Tongdao) are also profitable and OCF positive. Unlike other innovative platform businesses (e.g., ride sharing or food delivery), this is a tried and tested business model and industry that is proven to make money.
## 6. Capitalization Table – Absence of significant disposal post-IPO lockup period by key shareholders (i.e., founder, early-stage investors) signals strong internal conviction
​
https://preview.redd.it/3w3hwrsv99eb1.png?width=1177&format=png&auto=webp&s=dde9756cd7862326c95d8a3d34caec28b73640ae
It is interesting to note that despite the IPO lock-up period being long over, founder Peng Zhao and several early-stage investors like Tencent (Image Frame Investment) and Banyan Partners have not divested to cash out. This is a strong signal of internal bullishness and conviction.
While there is no significant indication of insider buying to further bolster this argument, note that as of expiry of the lockup period on 18-Dec-21, BOSS Zhipin was trading at about US$36, which is almost twice its offering price of US$19 at IPO – this would have tempted most people to cash out and realize a profit.
## 7. Valuation Analysis – Reasonable entry price with valuation upside potential
#### Relative Valuation
**Screening of comps:** Broadly, I split the comparable companies into 3 buckets, to be separately analysed – **(i)** online recruitment, **(ii)** offline recruitment and **(iii)** general Chinese internet companies. Given the relatively small universe of companies in this space, I was quite lenient with including companies as long as they fall into the recruitment sector. Factors like geography, size, capital structure and growth rates had to be considered less.
**Limitations:** BOSS Zhipin operates a fairly unique business model, and hence it’s quite difficult to find similar comparable companies. Furthermore, even some of the closer comparables like Zhaopin (delisted) and 51jobs (acquired by Recruit Holdings) are no longer publicly traded.
**Multiples:** Traditional valuation multiples including EV/Revenue, EV/EBITDA, P/E and P/B were all considered. Given more time, I would also consider multiples with operational metrics like P/MAU. Both LTM and Forward multiples (FY+1 and FY+2) were used.
​
https://preview.redd.it/zzm3fu7y99eb1.png?width=3105&format=png&auto=webp&s=ed6cf458595c9312176846a3963df4b9362e3543
**Analysis:**
* Looking at the various valuation multiples that BOSS Zhipin is trading at, it is clear that a lot of the optimism that I have shared earlier definitely does seem to be priced in already.
* For example, EV/Revenue+2 is at 3.7x, which is higher than both Liepin and Recruit Holdings, all offline recruitment platforms and most other Chinese internet comparables.
* Another example, P/E+2 of 20.8x is also higher than Liepin, all offline recruitment platforms and most other Chinese internet comparables
* Having said that, while the multiples are on the high side, they are definitely not unreasonable either, considering that **(i)** they are not too far off / significantly higher from peers, **(ii)** there are selected metrics that are trading below online recruitment peers and **(iii)** BOSS Zhipin’s unique positioning vis-à-vis its peers.
* Nevertheless, this means that the margin of safety is lesser.
#### Intrinsic Valuation
To supplement the relative valuation, I did a simple DCF to derive intrinsic value. Very conservative assumptions were used, by referencing broker consensus and market growth forecasts. I did an 8-year DCF, with a forecast until FY30. Some assumptions used below.
* Top-line growth at 6%, in line with market growth rate, and way below analyst consensus expectations (note analyst consensus is >30% yoy growth from 2023 to 2025)
* EBITDA margins to gradually increase to 7.9% by 2030E, driven mainly by decrease in sales and marketing expenses as network effect strengthens (note analyst consensus is 33.39% by 2025)
* Depreciation and Capex projected as a % revenue and in line with historical figures
* NWC projected as a % of revenue, cogs and SG&A and in line with historical figures
* WACC = 5.55%, using CAPM to derive cost of equity and a synthetic credit rating to arrive at a default spread for cost of debt (note that cost of equity is very low due to the stock’s low beta)
* Terminal growth rate to be 2.5% and exit multiple to be 8.3x EV/EBITDA
The end result is an intrinsic value of **US$17.89** based on extremely conservative assumptions.
#### Broker Consensus
Analysts appear to be quite bullish on the stock, as seen below. Unfortunately, I do not have access to the details of the other brokers, nor the equity research reports from any brokers below. Thus, I am unable to dig deeper into this. Nevertheless, all 5 analysts I have access to gave a buy call, though target price ranges quite a bit.
## 8. Risk Analysis
#### Growth outside of China may be limited due to product-market fit issues
BOSS Zhipin employs a unique China-bred recruitment methodology which cuts off the HR middlemen in the recruitment process. Such a model might not easily take-off in other markets, especially where traditional recruitment processes have been proven to be effective for decades.
Moreover, this model seems to be more effective when targeting blue-collar workers – and thus, BOSS Zhipin’s model may not gel well with developed countries that have low composition of blue-collar jobs.
**Mitigant 1:** Nevertheless, the sheer size of the Chinese domestic market significantly downplays this risk. According to BOSS Zhipin’s HKEX IPO Prospectus, the company only has 6.1% market share in the online recruitment industry in terms of online recruitment revenue as of 30-Jun-22 \[[Source](https://www1.hkexnews.hk/listedco/listconews/sehk/2022/1216/2022121600140.pdf)\]. Hence, there is still significant headroom for growth – and conquering the Chinese market alone is already sufficiently lucrative (c.18% of the world’s population).
**Mitigant 2:** Furthermore, BOSS Zhipin can always consider M&A to grow inorganically in overseas markets. Recruit Holdings did the same by acquiring 51jobs to gain Chinese exposure.
#### Regulatory overhang still remains
Given the Chinese government’s history with imposing sudden regulations that almost wiped-out entire industries (e.g., education, gaming), BOSS Zhipin is not spared from regulatory overhang – especially since it was subject to a cybersecurity review in Jul-21 and forced to stop taking on new users. Of course there is also the risk of VIEs \[Read more [here](https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2011/10/vie-structure-in-china-faces-scrutiny.pdf)\].
**Mitigant 1:** In the near-term at least, further regulatory restrictions are unlikely to be in the government’s interest, given already poor sentiments towards its economy. Guo Shuqing, the Communist Party boss at the People’s Bank of China told Xinhua news agency in early January that “The crackdown on fintech operations of more than a dozen internet companies is basically over” \[[Source](https://edition.cnn.com/2023/01/09/economy/china-economy-guo-shuqing-ant-group-intl-hnk/index.html)\].
**Mitigant 2:** My personal observation is also that the Chinese government has been directing its regulatory grip towards industries that directly affect family-building (e.g., education, property, etc.), in response to addressing its structural demographic problem. To me, BOSS Zhipin is in a sub-sector within the Chinese internet industry that has significantly less regulatory risks.
**Mitigant 3:** BOSS Zhipin has made a secondary listing on the HKEX. Hence, even if the Chinese government demand a delisting of its ADR on the Nasdaq, BOSS Zhipin will still be able to trade its shares on the HKEX.
#### Potential rise in competitive pressure
Existing competitors or new entrants may gear up marketing efforts and therefore, snatch away BOSS Zhipin’s market share. Sales and marketing expenses for FY22 was 44.4% of BOSS Zhipin’s revenue (RMB 2b). Having to keep up with such high marketing spend will impede margins in the long-run.
**Mitigant 1:** As mentioned above, BOSS Zhipin has a strong economic moat via its network effect. It also has a large cash war chest it can rely on to combat aggressive marketing efforts from existing competitors or highly funded new entrants.
**Mitigant 2:** Competitors like Liepin (62.6% as a % revenue OR RMB 1.65b in FY22) and 51jobs (40.5% as a % revenue OR RMB 1.79b in FY21) have already been spending significantly on sales and marketing. Yet, BOSS Zhipin was still able to increase its market share over time – due to its strong product-market fit. A further increase in competitive pressure is thus not as threatening as it may appear to be.
#### Weak corporate governance, especially through its board structure
Firstly, Peng Zhao, is Founder, CEO and Board Chairman all at the same time. Furthermore, he has 66% voting power (due to a dual class structure). This means that there basically exists an individual with unfettered power of decision-making. This is typically seen as a governance issue, since Peng Zhao can theoretically make decisions that benefit himself more than the shareholders of the firm (i.e., Type II agency problem).
**Mitigant:** Nevertheless, this can also be seen from a positive angle. Peng Zhao has the most skin in the game and is likely the man best fitted to helm and make tough decisions for the firm (given that he was CEO of Zhaopin, another online recruitment platform, before starting BOSS Zhipin). Having such control will enable him to follow through decisions that others may disagree due to lack of experience dealing with HR services.
Secondly, out of 9 members in the board, only 3 are independent. The Corporate Governance code in China seems to advocate for more than one-third of the board of directors to be independent directors \[[Source](https://uk.practicallaw.thomsonreuters.com/4-502-3042?transitionType=Default&contextData=(sc.Default)&firstPage=true)\]. Hence, BOSS Zhipin fulfils this to just the bare minimum. However, note that one of the independent directors (Wang Yusheng) is a 79-year-old with concurrent positions within the China National Education Advisory Committee and Chinese Alliance of Science Popularization. In my view, it is unclear if Wang Yusheng will be able to fulfil his board duties religiously given his age and other commitments.
Thirdly, board diversity is clearly lacking. Board members can be broadly classified as Chinese male with a finance or internet company background. All 9 board members are Chinese and there is only 1 female representative. Board diversity is typically seen positively because diversity in perspectives (e.g. gender and age), help avoid groupthink and foster constructive debate.
## 9. Concluding Thoughts and Potential Catalysts
This is a capital light business playing in a growing market, with a defensible core and attractive unit economics. However, it seems like our optimism is shared by the markets, as reflected by the relatively high multiples BOSS Zhipin is trading at. Nevertheless, entry price is still reasonable (though definitely not at a discount) and my personal view is that the potential upside outweighs the risks involved. I am planning to make a small position in BOSS Zhipin (considering that I am already fairly exposed to Chinese tech equities via 3067 and that the stock isn’t trading at a significant discount).
Some potential near-term catalysts include:
* **Efforts from the Chinese government to stimulate the economy via fiscal stimulus** will boost economic data and revive investor confidence. Recently, we saw the Chinese government announcing fresh news to address the property market \[[Source](https://www.bloomberg.com/news/articles/2023-06-02/china-mulls-new-property-market-support-package-to-boost-economy)\]. Perhaps, more attention will be extended to pushing out large scale fiscal stimulus soon.
* **Improved geopolitical tensions and greater certainty over economic and security policies** toward China from the US will help boost market sentiments and confidence. Unnamed sources have indicated that US Secretary of State Antony Blinken is expected to make a visit to China in the upcoming weeks, as reported by multiple media outlets. This visit holds great importance as it could potentially contribute to the enhancement of relations between the US and China. The itinerary, if confirmed, would involve discussions with prominent Chinese authorities, potentially even including President Xi Jinping \[[Source](https://www.china-briefing.com/news/us-china-relations-in-the-biden-era-a-timeline/)\]. ****
* **Fresh growth plans announced, aiming to provide further value-add to its existing user base**: BOSS Zhipin has a large user base, which it can potential develop new complementary HR solutions for in the future to provide further value-add, and generate new income streams. Note that the company is well positioned to do this given their existing large cash war chest and high debt headroom. Such actions will also boost investor conviction in its long-term growth.
\-------------------
If you like thedeep dives that we do, check us out on the ([Skeptivest](https://Skeptivest.com)) blog as well or join our [telegram announcement channel](https://t.me/+V9ZqSWLn9bBiYjVl) to get updates when we do post there. Just two dudes from Singapore posting updates and investment ideas out of passion (nothing shady fr)
​ | r/investmentclub | post | r/InvestmentClub | 2023-07-26 | Z0FBQUFBQm5teE5QM0dJZGtUdnlveGtjb3U4M3dta2JoblI0VmFhWWdiZkV2eUwyRmUwQmRkTjFiZ1RodHVlR1F2SnpSNTdiR1ktMFpGMTM5NHQ4ZzlQcjRRSmVjQ3VVcXc9PQ== | Z0FBQUFBQm5teE5QZy12dWhYMEFXcHQ2U195UVFOUEF2Z1RPRGdMaVVaNnNJckVFTUI0ZXowWWtvLVpzRnQ0NVNRMzU3TndRYXJzbExabGQxV1hNczdZRGx0elpoS0hRX2hhLVA2WVBJZGMxTDRiamo0amtGTUlydGdYdUNvWlZUell0YmE2RXd5cEY3VEtWY2xHS3JxanZ6MU9pYWlHRW1qYVFOVWRfYm16RXYyV1N6aW5ZeVJqaUpYWF9pLWs0ZnZDQ2p4bEUxVS1BRGV0X0l3eF9KbENYcXJLUVRvekRpdz09 |
Can you accurately predict the price of ETH?
​
https://preview.redd.it/9heurfelyheb1.png?width=702&format=png&auto=webp&s=fb653db94ad8bb8e8f1ceca25c9fc5573f57d4b3
There's 5,000 OCEAN in weekly prizes for those who can do it with the lowest error.
Read more in the blogpost here: [https://blog.oceanprotocol.com/introducing-challenge-data-farming-378bba28fc97](https://blog.oceanprotocol.com/introducing-challenge-data-farming-378bba28fc97) | r/oceanprotocol | post | r/oceanprotocol | 2023-07-27 | Z0FBQUFBQm5teE5QZDlBMHU1YmhOdWlDVDRzWHV1ZWZQazhCMUhvWVcyUEZVWkFPdUN5eU9NRXNnQ2lmM3ZMbmoxUHhSOFlfemM5NkJnOGVWU3V1XzYxZFpHd3J6YjBRUVE9PQ== | Z0FBQUFBQm5teE5QYWZaTDI5U0JuajJGUFByUlBseE9FRTZCek91U3lWbnA4Z0N4Z09lcWV0cDlDcG1mdy1DNmpDNjJIYlhMQ1VWekxTUTZxTEhEWGdsLXI1OUROTkY2LTNiX1BCNlFFbnRweDBiLUNzdWZPajlXX1JnOVRHVzg5MnloczdaSmJZZWtNWHh5YVVvdmVyU0FTcXB6UG9Wb2JpSzlYT0UzdlRscktMZ1dyNndfNG90UVphbnFRSU9VMEZTTVhBdDA2THUtYTRhcjB3Sjl6d0tUbkRmVlV2ZEQ5QT09 |
Wanted to draw your attention to a previously removed post: a stock pitch for Kanzhun Limited (NASDAQ:BZ). Unfortunately, **it was automatically removed for two days, potentially making it less visible to many of you.**
**Here is the original link:** [**Stock Pitch - Kanzhun Limited (NASDAQ:BZ)**](https://www.reddit.com/r/InvestmentClub/comments/159y47z/stock_pitch_kanzhun_limited_nasdaqgsbz/)
we'll be holding a poll this Monday, July 31, 2023. The community will have the chance to decide on whether to include Kanzhun Limited in our investment portfolio, based on the presented pitch.
Make sure to take a look at the pitch by then if it interests you. | r/investmentclub | post | r/InvestmentClub | 2023-07-28 | Z0FBQUFBQm5teE5QeGdQRGJPRDc4MGpjT0RHNGJkclM3MTJKLTRFN0xoOFp3Sm9SdXI4Yi16VmJDUFlrZ2kyUUZ3bG9WWDh1UWVWR3ZUaFc2dHZaLWdCNFd4bnBfcGpCUGxVOWQ5ckU0R3hTSWhUMzhVQWF1RXM9 | Z0FBQUFBQm5teE5QTTYtbTJOck14dDh5MEo2RFZud1luVmJYRkNvd284VmtiUlhESzEzb09VcTd1R1c2Qlk0TlM1ZDdFbnRUUnNTeVpuQmtrazY0Rm8xVFUyNllUT3E1cXd0UWgwdWZhMnI2SngxSE5iVTQxTEFBSDhtdzU3ei1ROUZTZGo3bkZEdU1RZ19zM2JVeDIzRUZWZzJEMHEtYjAwSGZkRy1hTjFsSHJ2cC01WVl4U2lNPQ== |
Please read the [**pitch**](https://www.reddit.com/r/InvestmentClub/comments/159y47z/stock_pitch_kanzhun_limited_nasdaqgsbz/?utm_source=share&utm_medium=web2x&context=3) before voting.
here is the current state of the [**InvestmentClub portfolio**](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing)**.**
if you want us to record your choices overtime for future bragging rights, then tell us what you voted here: [What I voted](https://docs.google.com/forms/d/e/1FAIpQLSertSpT08XtFKtXQwKspTDIlJV8F4E5FieeuJ1-aFhnSfV3kg/viewform?usp=sf_link) (or in the comments) to be included in this list:
​
[note that yoy growth will not make sense intuitively and may show very big numbers for either side until some time passes.](https://preview.redd.it/hpyng16qpbfb1.png?width=1616&format=png&auto=webp&s=257fd7d9389639b29fcd6a77c637cb2076933f2e)
[View Poll](https://www.reddit.com/poll/15ek91x) | r/investmentclub | post | r/InvestmentClub | 2023-07-31 | Z0FBQUFBQm5teE5QTm5rSEFOUnBXUlNKVjNOa25SOER2cmp3dGxCMEQyZVBuaDNycVFQNko3S2JidWNSVmc4ZmJIUUhSUXNueDdIM3pIOHRzUXI5eXdZR2JYd1hDd2hQU2UxMExQd3BFYlRvT2FjNzFXNlBJRW89 | Z0FBQUFBQm5teE5QM0hwYUJiT2YwQW0yWDNXTWVuRll0eURuRGl5bnBsWjNLSTFLSVA4Rm5OREExcms4QmRXYzlacDZlWV9WM3psaE95c01pOGpyMnpFTUFZQ0VCUHdyLWluMHY5bm1IdGVoUElhaGdJRV85NVctT1J1anBqYTJTS0V3ZE04TTI0SFFBLVJIWjE0RmhtLVpRMUNaNHV6YzdGTHRpb3ltaDlfcjRiaXptZkprLXRLYi03aDhRaWpDLVFlZU1lWkpwT1dYazFMWGttZUFrcWFkR1g4aTBMRzF0Zz09 |
Thank you to everyone who [voted](https://www.reddit.com/r/InvestmentClub/comments/15ek91x/official_club_poll_should_we_buy_nasdaqgsbz_for/?utm_source=share&utm_medium=web2x&context=3)! The vote passed with 77% , which is beyond the 61% needed.
NASDAQ:BZ will be added to the portfolio
[As usual, the portfolio is being displayed in our sheet here, with all the necessary details](https://docs.google.com/spreadsheets/d/15DlQeofSJ1oC8vlq9meqCWabLDqFQRzEF-uu9U9RyYg/edit?usp=sharing)
[View Poll](https://www.reddit.com/poll/15lr9gg) | r/investmentclub | post | r/InvestmentClub | 2023-08-08 | Z0FBQUFBQm5teE5QTWdhV2JCcmFpdjdmTU51ZHU2TndFLXAtbFY2RU0zRk1BVndRSEtIYlFPdzlRZXpYc2doaGJ1bW5QWEJVX3ZJemthWFFoZ0hOamlWYkFqWjZQZE8zOEhSbWE3Q0I1OHJhY0VpWXZ1SmxSZ1U9 | Z0FBQUFBQm5teE5QU1IwOEE4cVp6VnZsMVo3OGh3M1lfeGdZaWlpeXgtV2N4bHVVQXVFb2wyTXJ5TXFmQ19USVlDT0lrYzdmbkNQcWNLbmtYa3RpZzZZRjVSQUxtVEJPSnFLYm5mNlFFQ0RVd1JMOHI2NjlhV2N2MUFTamQ5UEZrWEtSN25DSDAyZ2dzdGlkY2QzTWdrRmoweGxlakZYLVJmT1dPY2VxQ1NQaUxvNTBubjA2OTVEZWNJRkRqdURMN3dLNnRFdVRKT2pCMXZvQWNLTmFzTlRQVXRTR2kxUU55Zz09 |
geez, another scammer here | r/bandprotocol | comment | r/bandprotocol | 2023-08-10 | Z0FBQUFBQm5teE5QeXJCekQwSUxrSGROVU1TOWNzMGlsalhWSGVSanpMMGF2UHc2R3JSdkhlSDE0R25aaWNPZzdrcVQxVHhzWjJUS0hfZ0U2b2IwVjVsWGFtWk1pU1B1YmJ0emthV1BnVFZrQWEybk4ydXdRMzg9 | Z0FBQUFBQm5teE5QQ1JCY1Jqa3Y1M0kybWZubjluY1lETGRTSmdCdWdRbG9JY09MTFo0VUhVN0d6XzdiMnpoSjVFTEUzUUI4X0hPeG5OeEVSU09yRFZYak9jNnZ4Mk91enZ0bXZ5OXdNSGVxTXJER1VwNi16dEtVdXhoSDRrbmE0SUNwazhqYlBNckVjVmRiYnBDNWlGbUJlTHN5M1NfaFJhd21GQkNxWDBQaTFzRS1EZnRwWVY3dUVlTEpkR3owWHBMc3Z4bVNPQ2xsLVV2Z1RPLXBkTUdzMVhFdUFsMXVhdz09 |
View in your timezone:
[Mon, Aug28th, 2023, 9 AM UTC][0]
[0]: https://timee.io/20230828T0900?tl=Mark%20your%20calendar%20for%20this%20upcoming%20Monday%20as%20BAND%20host%20it's%20first%20community%20call%2C%20showcasing%20BAND's%20CSO%20Fon%20and%20Head%20of%20Operations%20Shine! | r/bandprotocol | comment | r/bandprotocol | 2023-08-22 | Z0FBQUFBQm5teE5QcnVydFU3UVpsVzcyWWJMZGJaUFhmQnZPSGtEUk1IX1pDUjNJcTJuaGZXSU1KMGR2d0VaemxwZVU2WmNteXp5QURrY3VSZERpNjNMeUszZlR3cTg4Rnc9PQ== | Z0FBQUFBQm5teE5QRUFaOVUtdEdGMVZodDI3cUdiNXRLeEpyT1BUQVhsdVRzYzdoUmVKTUdWUXNvSVJPVElnWGtKVm01MWtMVXlxTEZvQzY0VVZJOUFla1FBeHNJVWNpZHNSeDFsRjBYbzMwbkpweDF6RDBMRU9aNWdtc1E1WEttdGsxVF9uN0pTb1dBZkllMGlhM3hMdm5NQkUxOGZTZ3ZSOWc3cDlPdU9pSUZ5a1VCQ1VwSFZERHc2aGRmQk9wcmotT1ZnV052NTY0WjJ1UVBfRGcwRWh4MEM5MFpkRmNhQT09 |
That's for sure 😁 | r/bandprotocol | comment | r/bandprotocol | 2023-08-23 | Z0FBQUFBQm5teE5QU0dyRDVkUGJKTFZtSXM4Vk1XY2FoeVpQV1FXNVNkbVFNMzZTWTh4ZV9Mb1J3NzJkYW5kQWtQQnRnOF9rZ252NkJrTC1TSzQxVlBYZUtReW5rdjlfZXM0SHRJQmRRbTNJT1ZoUGdYUzVuNkk9 | Z0FBQUFBQm5teE5QZGdIQjRrZFAtN2NlbVlZemtTZ0xEaEZrSlNDZmxwaDRfa0VCeXlyX3RhbjN3VVNMZzNGZ2pDRjE5cTJhRlJLVHpiUWpSbG9EMTIzcmNrY0FvMnNCNzJoMEVKVFBHZU05Ry1uU3pWcndGMl9yUERoczV2Q3diUU92Z3paWVNWSjZXNjd1M1VRYmdNRHNVdUp2WU1CVzJhejl4ZWZiaUpWb1dUdWxLeEdEM3YtQ2Jpb0JWNTQ2V1hqUm92eHgxdUdPY0lCdmVYTVlObXJ4Wm82b2U3Z2NYUT09 |
Airdrop received and noted. Time to dive into some research. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QV09nS0hfZWZTZFhfd0VsbDZCdzFDaDR1bjJlTUpDLXpGbTRwTjFqRklJMDFRMUtOZzRncF8xUE13cTFka3oxVnh4UmN3SFhqZXNUQTVTYWFZS1NQbmxNYnJlZlhGT1ZDRkY0WEU1NzZUNWs9 | Z0FBQUFBQm5teE5QV2pkY2ZLR2tQUTdsMEV0YklxeHBRZEZrcmFqWFdPck0tTGRoMlZ4SEUtYTN6N1c2bWh4dEVWQmEwZnU0TWhJT3BETXJOSXc2a2Q0cHBFdVJ1WWZLNHd3TXduMmZYYnlYTXBMTXlqNDEwSXR0N2Y4Sm43bDcxaTJWRUZBcUduV2Rid3NyOXhaZWJlNHA4UVFzNG43b0JTMlNNcl83SVo5cXc1SmZqZ2ZyenkwVGdyNU9oT0Z4bXZaa2hLeVFhc0pvaV9VU2JuWm1ReVdMZS13djVKeDl1M1BfREFudk9iRjdlazZwN3dfams5ND0= |
Airdrops like these keep my excitement about the future of crypto alive. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QVTlmdkdCRnpKNjgwRlN1QTQ3NUdleHRYLWRWMHRPVUVLLXFJZVR6NHFIdHc3OEkyMjRKMS1YbTRuN05PQTFYZ3NPSm5UYXg3MlFuTHhXaHpqaFViMGVxcEFiQUdCZWMtbnJMM3FBU1g0eDA9 | Z0FBQUFBQm5teE5QNmZPbHlGdzRTWUxRYzBPX0hYRnhfUFlKdFFDN2hGc2owTlR4djZVcWxsREcyMXMtNGRhdkJxd3pmTVBFb0Z5V0kwUy12b1kya01sS1hIUmdEVlNFS19xMkNKYmJSYjNjRk1ObXZCeF82bkNrQnJTLXprMWhZS3FmUGdyMXFEVHo5OFBzdXIyREpEZERpREowRFIxRXh1VlczbnhBNG56NkREY1psSmhQQnJRV2luQWEzUW4wdXI3a0hnWmNhX0s3cjZmWGlOaDJVcEo5NDFhN1dxd3dtcjRuU3dsQVE3N1JtRG9QRTBySUtEcz0= |
Airdrops always feel like these little unexpected bonuses. Love it! | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QTkp6THlHcFhlZkN1dmFSOTUzdFhGUFp6a1FSaGVoTEVXMmp4OGNOOWQzS2otVVBRZ09pNXRlOEZnV2U4WjM0ZGJNRVBlVmFaZ0thdGRmVk1aUkt5YVE9PQ== | Z0FBQUFBQm5teE5QU3F6VElEQ1Z6RWMyaDQzZjRybXZ5TE5OYllxbmpYSGhNbFlINmFndkdTV1dUdlFTQ0U5bGV4TWVQdF9kbHQ3MXh0NUNXTlNBbEZlbzVYTTVEOTNPN3ZwS0psM3d0aDVoQ0xQLXdTXzdaRWxZS1M3cDAyQ2owYkpqbjFfSzhDMHBBRHBUcTRfVVNlN20zYnhuaVdtZlJKRmZYSm9keXg5Z2hwZTVMckY2NU1jdjIyUVk0cjJqLUNfQ3RyaHdmQlZ5bU54QmE5azN2bDEtSVBfT0pxbTB0OXNMTnZMVXIzUlJ2Q0R3SDFSdEpuMD0= |
Grateful for the airdrop, but let's not forget the golden rule: always do your research! | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QaHRPci1URkRXTm9GUENDY19sS1NGcWNkekFPYW1GUVZYakZzeWl6OFBxX1k4SmF1QmZNUGZpWlRIZDk4LWNmWW8zY2pfUTludllLX0ZkWmVpclZtTVE9PQ== | Z0FBQUFBQm5teE5Qb25aMVR1cGhlT0VXVGhVeWhveDhma3lRUjJJMkF5dEctTGdqNGpPR1IxWE90amlVZGhoY1dyeEFrZFp5T3REOExMOThuNUpiRDJOWEZ4Nk1vekhLZmYxUFREaGMzRTBNaURlOTRIUjFGVmp1aGNCVnZHa25fbi02VEFuRFVSemJyLWw2OUxLWGlSdGtCV1FyeWlNSHJCV1lkQ1UtMmVjWHpZSHo5ckJIanVFckQ4VElmVDVmWlB5NWZ0NzdqZ0szYmFnRE5LRkxPUzIwWU5JVEsyS2J1RF9rTkNlX0FYQ216SFJSVHlra2Qtaz0= |
Fingers crossed this airdrop brings some positive attention to the project. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5Qc2tyTkxWV3B6Q2hkVVpocmtXbDBORmVmcG42Z19ISzJmak85azl1cG5qMmxqLWZXUkswdVdXNTZkM0lOZFBZRTVMVk5KSU5lRHRtTHBVRWJqVlZpaGc9PQ== | Z0FBQUFBQm5teE5QRThyc1pLY0pMa1FMX3VnMER4OHVqS1QwMnVRWlhpc2s5SHhIV0VpbFN5TWdwSGtFdVRnZ3k2MTZVMmtxNVFUZld0Rkd4aXc2XzhZYm1uZDFfX29IbTdVdjk2R0dTOVk0ZzczY2x1NHN2NkYxbHRvUXRnNWlTd0ZVVk5vNFVrcEE5UUlSMm5ib3lrZWd3RzFxNm1ZNzg3UUpFSVkzYUNkeV8zeUlFUnRVWkhFbkpNSzg2U0N4MzJaam9sbVVNU3JsRkpQQk5QZllJRzRWTkNoZmVzZFVkWFhnblF3cWEwX0o4TkZUcXhISnVBVT0= |
Curious to see how this project develops after the spotlight of the airdrop. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QaUxZNEloTlkxM0dvRS13SWR1Tl9kNlRiMDYzV245b3paUUVNdWJkYnpsSUd3RU8wd3E4Uy1nZXBmYjBQd3BQMk9nQlFqQVFqY05UV2dvZDlBbzBJQlEtbnFnOEZCdWp6c3ZiMWpHMm16YVE9 | Z0FBQUFBQm5teE5QOVpXU21ZVUhXLWRrUTVoRzJsSThVTDR2Rkp5cnB1TXBMMzExVTl0aUhqZjFxeHVaUmY4Nnd4LWFybVNFZjYzNEs4c3Qtbnp5eTcxTk91RTIyOVlvam03ZXNNT3RwMFFYYVB4ekVHRllBNEZza3llQXBhdG53V2VLTXg1cmlFMGY0VE1yTWM0SUczdGc2bjNnZVh5TUoyMl82QTlCQ2JCdXphLWNDOGZIVm9STDdHTkJkbXdDenYxTFF2OXJuS0ZEZWlMaEV6ZjNVYjZBbWF4VTN4eTFRaHBIVVVZVGdLZ1BnV0RsYmdkOXdsRT0= |
Airdrops always feel like these little unexpected bonuses. Love it! | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QRFFVeG9hdUU2V2FWZFA2dmxaMGZSU3VyY3lPUDZodGNhS0NfbGtqU3pYMFNsSTM1NWZieWtkQ25YcG5fdjc4cXhaQ05nc1Z1RUdPVUtlQ3lteXNVcnc9PQ== | Z0FBQUFBQm5teE5QMkpZRVgwR3lKVFBzSmpsOE5Gak1Pc08zalhQWDNIR19VVGo4aDlmSF8ybFZfQzM3eTZOQWdnZGo1RFNabU44U0FWRU5fMG5USmRJR0YxYW16dDl2T1J3Y19PTGdUd3VrU3hiLTRHNmtac1UtRERtREZTV1lDNTlUNXJGZU9ZNjN2YzQ1UWpnV1lWbXdYSkZWLUc2MzRGMG5ZMmRSU0VxQlZhTnJwWmo0R0NSUXd6cEViY055a3RURzN5MDZhX1RveGZSYVEzZUtHZU9VaVhRWjd2cHZ4cGxtMlZGRHNfaXlRcXlDanZ3cVVkYz0= |
Anyone else wondering what's behind this airdrop? | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QZldLaFRoQzQxY1poQ0loWmgyVVhwMThfRjRHcXduUC1pb2YxX1B0aU9kOWdMV0ZDVmpDLVlqb0pneTFoNk1WNkVrUGtwTU9jOHk2MlpYYWZud011WDFRMy1ZQzNuNWZRaG9Ham1ndHhQaUk9 | Z0FBQUFBQm5teE5QVFQtaHVFTkZQUDVaYkdPSW1SR3o5eC03X2o0eHVNMW90MTduTEZqMVhMdFpJSlROelBJSy1FMWRRNld2cU9kV0lBdlNzdExSdktuZEptN01IcGFQaVRQYzJEOXQteDNHX0o5SmxtME85VURaZkNIV3M0dnNzd21yVzc1RjE0bDhpTWg1el9WS0Q3NmpieGFXbnBfYzMyQ1AtM1BfNG93UGdVdVQxZFNjdU1uLUltOWZtVnNWQy1FbjhwNUtvZkd5eFJsQXlHQ3g0ZENBWm9tbE0tekFtMzNJVjh2R1R3Unpnb0M5UmJwOEFtWT0= |
I wonder what's the story behind this airdrop? Has anyone already looked into it? | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QeDgxdndIeUQxUTNySWpQV2JranMyZENFbHBVcnBNQWdDcGFwWTlWME9Bdml6a2FQUnlUYmZuLTYtc1FMYUZ2REV2bS1TQVpoMTRUMUlRQUFkUVpLN3pxTkVFVmZTQXUtQWE5Sko4VElrRFE9 | Z0FBQUFBQm5teE5QbkhqRElrQ3h5X0VMWUNEd09iTlV4Z3hsN0NkbXJLZEtaMmZtTjRIR0tVNTZFRjV1c2pEeXlCYmxJOElILTllU0VWWnFjQVdKRU9vNkNTcUhySTM1NmllSEpSYXRqdkh6WGJKSmNydWdHWFRiRXZpeEpGcFd0cGVvOUFaQldxX0pDc1RwdVNMSDBZM01CSzNITkQzZUJIanRkWjltSFZIZUxJQ1R2NUM0MjJaWnRacldla1ROYXdXaHFKd1A5TWtYelZEeUFyMUJoQzF2aXU5VEh3eVJrOG9FclBKeG9tUE5mVmRJTHRfUUt5MD0= |
Just did a quick search on the project related to this airdrop. Seems legit at first glance. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QSUp0eURON3d3V0NsbVR1N1NxOHh1UTJHQjIyTmVmdzVPbDVSRHJvUUlPTnFMdlkwYUFYc01kRXJSTEFLS21mZ1BjVXYtbW9rZFhZNUFQSzlaLVdqSEZmWk41V0ZXNlBSNDAxZFcyLW5HbDg9 | Z0FBQUFBQm5teE5QdVhLQWdlZDhNbFFCbUxUcjlqbzBjZk5TYWxqZHU5bndLX3NPbzZIN2pycHM4NW43WUR3MDd5S0YxTWlMMU9ma1VnbU9CbjlmZHNZZEdnMFlmUkgwSmdXTERia0dFUkdQOGd4SFJVN3VKbmJxN1ZEYWUwd3ctVzhUSjhCS3RoRHhZcGhpVDhvaTAwRG9KRk5XQ0k4WnpyYlpRTWFLOHp1V1lDWnBwUndBZERpQVFVYTVwYVN0U3ZxU0QwbktqVk40ZnR5LUhmUWFYMUpWMnZlcnFQRjlndllfSHNMQmU0b2haelFZN2hFWkFwbz0= |
While I appreciate the airdrop, I'm keeping a bit of skepticism. Caution is key. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QUm9QZUV3OXpKcXVRTDNzZ1k0WVJNX0ZDenY3c1lpWmJHaU1wOHJJZHMtNGpQVG9ISmdObWxRS1kwQXhoWG9ObzNSdGh5a1h1Wno4V2M3OGhUdnpIQmc9PQ== | Z0FBQUFBQm5teE5QOGpOWUJvNWtpdXB2THdTWGJFRkRkSlRmalZPNHB5UjhjNHBHNUNaQVg3M0hFYWd5c2F0TFRVVl9iRWlfdGdkME9NZHRnWVVLWkhkZnVKeXBEd2lEVXpqSWRLNGd3S1NValhLVEh2aVJNYUk5VE8wczNOVDd5dE1xNDRydmFzLWJnQ3QzSmdIcWtPeFgzaFBOcy13RDRXeThoalhvclp1RUJEVmgyTDBjX3N0WTJCa3h1M29WOHltRkVkMFc5MkdjSl9jdnp4VnVna0VDdU5XNkpwSDZPUDJ2amNBLXAza25DcVZBQTZreHp4UT0= |
Airdrops like these keep my excitement about the future of crypto alive. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QVnR0UTYxbEwzajZMYWpmX0J3QUd6aTlpbGxBU05IWWRoUFZRZXRKcUFiLWVPVFJCS3hVbXRLNnB0ejhTa2VKZHFrRlhxbzZwZHZJUUJJa2ZydkVEVnc9PQ== | Z0FBQUFBQm5teE5QdUlSbl82TTEzSU4xYWlsT2xjbkR1R2sya1FRZlZqOWNPYTZoaThWd09UNG0wd05MQXVmQjZCQWVTUFgydmMzMWVxUlhrODRXUG9Bd1g3MkU5VlFzZ0lseFdKZlJUMGFCQ3M5eGdMWU9rSmFON1lvdEdfd1gtT0YzRHR0THZEanlTbHp1LUZsb1U4T0hKNV94cFhkZnZfOHhpRnNocVRweXd3UFE0UnhycUFfZkkxTW5FTGlDMU1fT3pmZm5PZFQzaG40TTVLRkJGZHNIYUFRMTdtYXhZelJud3dTdXZCYWo2MFh1Ukx0RTVYcz0= |
Airdrops remind me why I got into crypto in the first place. It's like getting a surprise gift! | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QVGx0anBNOV9rTzZlaFlDUkpqRXo4WTJIVkFLRkdmbkg1Y3VpbmpHbmFieGZjWXUxNkdueEg3QVVPX2tDdzM1ak9lYU5WMlJ3T2ZMVWQyRlJsUUVjamJEOXdNN1RtRjF3b1BpUUFSUjQtSlE9 | Z0FBQUFBQm5teE5QUllQV2s0OE04dUljbE8wdnBHMTZFa2RQVlpZOFRWSkpfOEZoYmZhUDl2OEJZRndIcEpzTHRUUFRkTk41WjdibUQ0ak9xZTdHczZySExkMVdxMXJPb2p3OTJyNXZHSWFORDV3UC1mbzZiVndRTWpKaTBVamd6VHBmR0k5Yl9HN0d5cWtWaXlYWnVGc0RiOUctbFhFWEtFMlBxYWRyaWYtZVNRdHA4SGF4TUV5NnRMWnlUQlZXd19ZdU1WR3FvODVGU2R6Rk9qSzgtZXBOM3JpLU5wZkM3R18xVGx0UDMzM1pxNDlJa2dNd19IRT0= |
Curious to see how this project develops after the spotlight of the airdrop. | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QNmhDUFFJNTlTWkpJM0RhY2FjTmVER05ZRmF3OEhpem1hcDBMV1ZLSjZ5UEt6bWRGOWsxbGFxVDdLQm1SanJrNTdfS3lEcXBta0pwSlQ0dkR4OXI1bjlOQWVVRDQ0VUtucXRrdDFMcVZYY1k9 | Z0FBQUFBQm5teE5QRUJwLTJpSGxlbmtFN2RiN2NnOWFqcHY4amVzaVB0T29CUzhCdXJiTGZ2YWJ3RGxzdVlDQ1lzUHBFMVFqRTZmOFZLbUpkVVl3ckg4NW9FT3hfMWtfaW5xWnVHNloyTHpQVjRQWTB5QVNCS2FLTWRNOG1Qb0JUNnhDUk1hTmtvU2h4SEtZVUEzWkFuQ3cxZm1yOEdTMW9EM1dxMEktdlA3OEY4ODVJVVN4X3VlSThPdm4xMnV6UlM2Ri1VMWh0YWM4aVE2NGllajFYQlp5YXd1NkRiaW5Wb3E0OGxtMVRpYXdpNVdGdzRCWHRLbz0= |
I've never said no to free stuff. Thank you, airdrop! | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QaHBkMUl4cl9GLWNSS0dNRnB1OUdGeGI5b3FHQkFybnRJd1dxbXJiSnNhd3B4ZTlPR0oyTWU5WkNDd19QMllVT1FvTFZrVjhGcjNFc2lweUVxeUQ3UUE4bENndDZjRExNeEFkRGI5aVpJMXM9 | Z0FBQUFBQm5teE5QSHJHM181UUR0ODlMZ3ZaRm1tVU9lZzJFZlFHMTJWLVJhRnF5QTZkbnB2UjlmUk9nbmZzd0dNUDJZRGg3dExyTGotZGI5S1A1WXJZM05NcTExZVRXMkNPWjkzRkhRUWQzRHZzUC1GRk5PQzhtdlhweHNBclZ0dl9ubG5oamhMeUJidjZRUTlnMGtvazZTX29CWEpQdHAxc25lZmFkYVBHYjdwVVdta1YwZ1hLa1BhOUY0dGxMQ1pjUk52S28zdlNLX0trMmlWUnRYQzJJblc2WUhjZjlHNndBc2Uyb1FZeTFHTEo4YnhqYzFOST0= |
Has anyone else tried staking theirs? | r/bandprotocol | comment | r/bandprotocol | 2023-08-26 | Z0FBQUFBQm5teE5QTEtTMzRBcy10b3ZIS3J1MkN6NXdfTnExdTJqX254WWFqVWZBRl95VlJETk5EOUZNdngwQng2NXRXNGlJRnFrTG1rTGFQSHpETFplNXdyUFRfWkJKOXc9PQ== | Z0FBQUFBQm5teE5QTy1HQTNlM25rLW1KVDlOM0ttQy1DRUF1UnVDMUEwaGZTUUhVOXZCMzQ0SHgwZ1NzaVFMMlhaRU9wb1ZXMDNLZW9aZkJiTjdHUG95Zi0tcHZpTXg4UGpNaDlNMFc0T29YR01qY0d5aWFFWWNRRFRtbnMtdktrWHJDWVhrQ3A0UGQtSmtRaC1DWTl6WFZBcDJFNzE3Ym42bEgtN0h5NUtrQ1A2cjVKekkyZnBkVHN4YkVVTkJ0TW40MFZsZDQ2aGdaZ3RpbkdUeWZNWU9BbHJzWC10UFc1a0FRdGxqOHBrYnVrdmFaOTRZWXh5ST0= |
Not really. Third-party allows for verification from others. First party you’re just depending on the so-called source. That’s not worth it to save a couple cents. | r/bandprotocol | comment | r/bandprotocol | 2023-08-28 | Z0FBQUFBQm5teE5QTnBLY3dPSWR5djd3UFV5ZGdNYUFYYnhkbHFOb0Yxalk1U2N6eTZqRi1NeTRKb1MxYUJkYlJyNDI4aXVaeXZtUUpQSnAzcHdURVZodVM4ZUdULVExRUE9PQ== | Z0FBQUFBQm5teE5QSjh5OE4zR1JzOUtrR1VZaW1vUVhUUUFWY2w1RVZnRW9xbG5LOEpxVmZxbXlQWk82OXpmV21YLVY3RGZEREwwY0NuUnFKaGhvRUs2X3RpWHRsOTFRaHB5aGhuMFFvXzlDV1JWd0hTcUlYN1dSUEllNFp0blQ2MHNXbVlvU0NiZ1Z2ZW1LakNtdWVZZDA3T3p0Vm5aNEJPX3JhU0tpSFNzSEVNb2FiNXJwbDdQTU5HaEd5LXRlYlk1U1lkNk5laHpX |
Airdrop tokens received and stashed away. Time to learn more about L0. | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QMXc1R0hFY3gwN0tiZERCTWpaU0hkYXRrSDhROFhMWXhHTlpxUFVqa0daYWRuUDFKVGE1ZkJFcDg2SFEyXzRRTGdfRnBLcEdSQml5VVlwT0VpUnlQUFI1VmlvVzNud0FMSlk0YUV1VERBVmM9 | Z0FBQUFBQm5teE5QYmdHREswYVhxLV92QURfMmFpVll4UWtXTVNHazI3eDk2WmV3bkhYSGhVcGlqY0tRTVEtMmlYVVdjYTBDSTh0Rk9KQjJoMlIxMWZMUVVMa1FxZlhOdmFwdnZsME1XV0lUelFxYm02Qk5qN1hrVEpHVUQyRGFSZ1R4RnBlY3RhRDZwSnBaY3JDSmVtdlZ4LWFzUlVKQUlGeEY1VzNINnFfWDJmQ1VqU1RZM0tDaFpDUUpuclFob2NqM0dfbGFGSWFX |
Airdrops like these fuel my optimism about the future of crypto. | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QS3NFeFM2emFHTVNjY0Q1SVR2cXFpdHMyMVp3b1ZOM0JUQjVXdVhLaFlheXBVZ0swSGYwZEJ0Y21tYzkzMnhRMU5fTDRPSTJ1U3A4V0kyOHRDdXNFVGc9PQ== | Z0FBQUFBQm5teE5QZmhzM25HRmJVZ2J3dVdCc0pQX1hXQ1NocVo4UmFhS3hjRFRtSXZWSkNNa3NiQWxtVklQdjA0bzd4eGQwdkdOQ0ItQVhDUGI3aTVHUWs1X3VhSzVzYmJnbU1ZbVVSWm1CbVp6ajdhdXdMY1Z4TW93Ulo3blZ6Tk9TQVowS01FWURiUTZoekpHSVJrUEpZdU1jcVdnaGJZZ0c2ZGJjM3dPOGRwa0NCQ2laTnM0NmhZeUJMYVdYRkVvSlFkdDJqcHV3 |
While I appreciate the airdrop, I'm keeping a bit of skepticism. Caution is key. | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QRTJ0bkZzS1FybjNwc251RWYxZVA1ejFrRi13VzdmcVljZFpkRndIVWN6QzlJVndBZlh3NUJnR21vQlBpWi00NUNESU84TGJNejZMeGJSbU1HYm5mWGdvQVVBbnU2amYyYXg3UE9QZGx0b1E9 | Z0FBQUFBQm5teE5QZVRoSXhRaGI2YkE3Zm5fWnZmXzl4RDcwSFFKdHh0Ym1Ca3gyTU03RUM3YUxfWGdScktiOW5CVVZkTjNHbDJ1cWhaaVJOc3Z3cWkzbzVyRk1oTFZEb1Q5VFZqUlJQanB0LWtmejJ5VUo0YkV6d3ZoYUZNNjZHUTVRZkRnaTJKeXg4bUd1d3gxWEVoWlhiUHBGeUNCT1FPWklWdW5BeURuQnhaTkRlUU5JU08wTV9pUkpHX2xSUjVWd25NZkNhMWpi |
This airdrop has me intrigued. Looking forward to seeing more. | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QVjZneDM4bUdhMHJVS3YwVFdkLUlVYnlLVTd4a21fdGw2MEpzeVRJUk1IalJvSk52cG1YaWxjQVMtT2xHNEhQUmZaRXBxUzEyZFBNazZRWTlQSlZUTzlBblZSa1c3ekU3TUdyN0NUODI2T289 | Z0FBQUFBQm5teE5QMVJNVjV6M0hvVDZfckhNT1k5Y0I0UUZwcExCN2NnUkQxWWdjb1hQMHZRVlByQ05PZ1hGV19JZlJraW0zZVJwaEIzbXc3N0RONzhJck9fZDg2VGFOTU1MZDNWZ3djM0d1LTFGUTV6TG5fTWg3RTMtM1hUV0VtcGtGRm1QOUk4WUFjdHRadDNHV0t6eXhaZlNJbHFwNnB2T1FRRk9xVmViNEtBWllEbG5nd1lJVDJtT1NVd3ZsVHMxTHpCNndfYWNq |
Has anyone else tried staking theirs? | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QM0x4Zk9zeXBORGVva1JmQ0NVQWdLZ1F4N3pDRWhxRHhFNk0zeTh0QVpjLVpxbjdVNUxiXzk2U2JOaW1jOUNuSGx0WUxEN0lOV21sZFRmaHJOVUd6VmduVmk2MmlLTHZvZ2tfWHRKQ0p6YWM9 | Z0FBQUFBQm5teE5QU1VNWVdGZXBiWk10SXhVcHN6UkZMc1JaNjM3R2x6eDM0dDR5X29Ic0s0dFpJU0owckM0WnktUDNGcGtMeThTbnNJUUxUb1E1dUdXanEzQlphbWtUd0YwZHo0dWg2RE05VG9xSWZ1Wi1XTFh0cG1FcWtOTGM4ZkRES3E5d0YtNHh0ajI1WkZqREZ5Z2FYZkk2aGlOVk1uUE1FWE9iNnJaMURkektLQTlvNmszUWRWT1ZpTEwxRVhQekJVcWwxUHdW |
Wonder if the L0 airdrop will make a significant impact. | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QVXQ5dUh5eFZCeWMtOWZsaVQ4SkFNd01ua3BKU2QxRVlSMlA3SkFpTU03TDIyNUNrVjJEbEtpdU91OVNZcml5S2paMF9qX2VIakxVT3ZEa01DZnc2M2c9PQ== | Z0FBQUFBQm5teE5QSmJJVHN5eEhDcUlhYjVaOFJhWnZzMDhqTWU1V1RoVlEzXzkzM28zcDFEYXBYYW5SVGZtSENMOVk5UUtHWGdhSkRTLWNGdkxMWVlKSHBGMHpxR2d3eGJCQ3gzUUlyTXNaZUFReFBWWWYzQWdVclBBdTNkamhXanBsclNDb1IyWGsySnpqVHN6NTZEb1VlU1l4eHBaX1h4eXV5V2hjRkdnZTM1RTN6T3l1ckVHeEdqMGo1bWpVTzlZV1YtQnpHYVh5 |
This airdrop is a little boost for my crypto enthusiasm. Thanks, L0! | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QRzNCU1FvSm44eVpBOVNGWFRjWVZUZUVkNDcwUjJqb3VXX2RjWGhCaTk3VkRuS2Ztd2VOMVdMY0pINm1JTVdkQ1FXY0xndW84d2l3MlViYlhVSHNVY0E9PQ== | Z0FBQUFBQm5teE5QdXBVOVdRM29RRE9CbkIxdjVmTUpLelJBbEN0TFZXSDM0eHNoS0Rnbmh5T0lyUktqeEM4cE9nT2laYmNEU3BFOTl4WWpIaTJCT2VlOFNiWmEyY2FYRTFiR0swRkJoZ3l3bjU5bkRWU2FmQlFHZUVwSGpmeGg2RDNzOWxXeC1jcDdSd05QZjlJRTVoLUlMVUgwdVdBQ2RMellScWdGTHZrNmtjcmZjMlJZel84NFQ1cnJxLXBtLXRwUkt1YUphd29l |
To trade or to HODL the airdrop tokens? That's the question. | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QMl9MMDRleTBpMC0zMlM4VXBXOENzQVlXeFVTRVFZVEk1MU9KVTFJN0tHQ05ndEpxQXhNSTNyeVdJMzZQZWRKV3NIdE9VSEhWcVFXZVI4ckZNdG1za2NpUDBhSmtlRkN2ZEZIMW5DQzg4Yjg9 | Z0FBQUFBQm5teE5QbEp2QnNRUGp0RUpJT3BKVG9rdlBQM2pNLUpOQ2pEcW02OUtleDBQaDhvVDNRb2hkN1djaGJsNE9WNml0VXBwT0tYN0szNUJONWIyLWlxbHlSYy1zb2Vhbnp6SUlZcEw0WTE1NU1NbEhzVkRkUXMyY0kzQl9yN2Rfc1lyT001OHg3SWZCc0VKSHQzdGY5R25ZVW1PWlZ2Tm9FNG12UjVhME1JUkhNMHZwRlpDc1kxLVhCT1JuVHdURXhfVlZtSnZx |
I still can't figure out where this airdrop came from. But hey, free crypto is welcome | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QejBxdmdsOFpidHN1Q2hQMng5VjZtMDhESk1WV05kY25GeDRIcWMyNnJ3cndOUmVUbXNpSUpNNW9Mb3AyMmpyTVFtN3J5UjN6RWRtdTJOOHk3cmdNMEE9PQ== | Z0FBQUFBQm5teE5QMXZldm1fallFdWQ0S1dyYVJaWGZRMVJVTDVlUzNJcVdWcG5taTNXQjVmOGxQcXRHVG91VUlCQ0s4bE9zbTBYNmhiUE1lbGE0eUFsTnlxbGx5YzE4Mkl6T0lsbG4tcWVZWUVrZ0FNei1LMWZhTjBueU9lQXFQZXBaS3AybkRYa1RPNkFMNHFpV1ZVSmZBd3lrX1JKNjJoX0JGZU5KR0FGSlZPb0hmMzJSX2wwTTg3QlFOejFTUHRjVEMzYVM4Wjgy |
Airdrops always feel like these little unexpected bonuses. Love it | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QX3YxYVJMc2pYSFFtN2xZeU1TOV9lLXNXYWRhdHJxX0hMSXJtSjExRVNiNXhPOG5PUEpnd0FsbWg3MXZjYUlIN3h3YmNvMW93b3h3MTVkaFc5N0Uxdmc9PQ== | Z0FBQUFBQm5teE5QZ1pTck02RThGaTFHZkM1R0cwWG1OaDdBWlhscW1pTjVNclNZVDByUFk3Y0w2enFuN2VTejFCRUZENkZXOGt4ZmlROVZBa1BaR3JfOE1abS0zMW90cS1xQ0lOQ2ZvSkZPa2U4eFNXOHBHZ21DRVV5QUpPMVFkOFBiYmtNZFhlOVFZeU1wREs2RUFzd2VrRkZqRE1OLVZKNWI3Z2IzX19LX01GOGozVlBDcVZwWWRaTG5LOEdYVjF5dkI4bGVmQlF3 |
Freebies in the crypto realm are always welcome. Airdrop appreciated! | r/bandprotocol | comment | r/bandprotocol | 2023-08-30 | Z0FBQUFBQm5teE5QUlFKRF9IT1Q0QVZLaEItQlZPYUM4Tk5IRFJQWTdKSW9aQ1Q0cmNoRFNTS0pzb2pQWEwxOGc5aG90VEg2Y1FBMFhIV3RGbExjcFEtc04wbE1FZ0V0aFNCQzh6ckNhY3RMSUd5UHJhN1ZuWUU9 | Z0FBQUFBQm5teE5QTmxmZUJENzRweVZCUXpaU21ITlYtQjllS3QtSk5ldDZxcDIzS1RhWFBmZEJZV1M3SUhyRkNSN1ZZc19xM3lpMVV3Y29KajJHUnFDcGM1X2c4czh3a1dqOXFzUDF3MThqVHQta3JrNkNMcm1pT2s4a25idjBDTjRMNHlsem82eW9GbWM2dmNPWHZYMUx2bmNHUC12cUpYeGxBUUc2MC03aXRxSHNGa284SXJpd3I5TnlXaklhUmh4MnYtQ1ZEQ25q |
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