WTF. Why are all my stocks crashing today?
FMC down 21%
FDS and GPN both down 7.5%
FI 40%
1 Like
@Brndete mentioned to receive tax credit for Japanese withholding tax on distributions by Japanese ETFs via DA-1.
1 Like
Yes. However, out of some 15.3% withheld, I can typically only reclaim 10% via DA-1.
Didn’t dig deeper yet if there’s any way to recover the rest.
Does your friend have any tip @conquestador ?
Looks like another bad day.
Bought more META.
2 Likes
I will ask him if there is something special on the dividend withheld tax. However, he maybe come back with his normal “that is only for the gaijin” response as for several other things 
.
2 Likes
Anyone selling puts ?
FMC WTAF?
Seriously?
META
(Wall Street Journal) Heard on the Street: Meta Still Has a Lot to Prove in AI Race
Consider me biased, as META is one of the companies I cannot invest in (for mostly other than AI reasons).
FMC
“Quarterly dividend reduced to $0.08 per share to further prioritize debt reduction” (Source), down from 0.58 cents the last time around.
But rest assured, dividends do not matter.
</sarcasm>
2 Likes
META is the underpriced AI stock. It’s currently being punished for the poor performance of their latest models. But ultimately, all these AI models will converge to similar performances with marginal differences. Given that they are betting the house on this, they will catchup.
Last, META is the only mag7 left that is still founder led, the rest are basically run by consultants. They can just do things. (Ok, there is also Nvidia but it’s a different play).
1 Like
Meta is harder to understand, all the other big players are reselling something (chips, servers, cloud services, etc.). I don’t really get what the monetization plan is for Meta (it sounds like it’s the usual go all in to try to not be left behind, similar to the metaverse push, and previously they mostly released open models to try to prevent the others to create a moat – which isn’t a monetization plan --, but those days chinese companies are the ones doing that).
1 Like
As far as I understand their monetisation is somehow linked to better ad revenue due to better targeting.
There are many ways. Just a few off the top of my head:
- More accurate ad targeting
- Automatic generation of adverts (opens up advertising to a long tail of clients without ad/technical team
- Automatic ad campaign management (ditto the above - all can be rolled into higher ad fees or more competitive offerings)
- Reduce human costs (moderation, customer service etc.)
- Automatic content generation or augmentation
According to dividend irrelevance theory, I look forward to the share price going up $0.50 by the next dividend date to make up for the dividends retained! 
4 Likes
That’s all monetizing their own user attention.
This to me sounds a lot more limited as to how much it can grow (esp. since I don’t think they’re really gaining that much traction and the field is fairly competitive with e.g. tiktok, yt, it seems like each generation tends to find a different product to spend their time in).
Most other big AI companies are selling shovels, the headroom here is really big. It’s basically a new area of growth for hyperscalers (where the growth potential was already fairly big).
1 Like
From y’day WSJ (Streetwise column by James Mackintosh: A Hopeful Sign of Investor Sanity in the AI Boom):
Alphabet and Meta showed with their quarterly results this week that the most important thing to investors is making a return on AI spending. Both increased their already vast capital-spending plans. Both spent most of their time with Wall Street analysts talking about AI and new products.
But Alphabet shares rose after it focused on how it is selling basic AI services today. Meanwhile, Meta’s stock slumped 11% after it emphasized aggressive investment to get ahead in the hope that what it calls “superintelligence” comes earlier than expected.
1 Like
And if if fails to get traction after renaming to aiaiaiai it’s only a small pivot to oyoyoyoy …
1 Like
How does Constellation Brands look from a Fastgraph perspective? Seems like Buffett has been buying some shares
Looks interesting.
One bad earnings year and Mr Market shits his pants …
If it returns to a (fair) 15xP/E multiple you’d be looking at double digit annual returns.
Seems the analysts have a good track record of estimating the compay’s earnings, too.
Things I like less:
- earnings estimates have been going down
- sizable amount of debt (but manageable, especially with their credit rating)
2 Likes
Well, that didn’t last long: Kimberly-Clark to acquire Kenvue