Monthly Newsletter 05/17:

Topics: Quote, Portfolio Update, Portfolio Discussion, More Books, What’s your “WHY”, & Monthly Munchies.

A great monthly update as always with insightful personal notes :) I've added Modern Monopolies and The Almanack of Naval Ravikant to my reading list. Also really cool that you found the free version of the book on the web. Thanks for sharing Yegor
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$VMD just released news…
$VMD Company’s Reconsideration appeals determined that approximately 77% of the claims it reviewed were medically necessary and properly payable under Medicare rules and regulations, overturning OIG’s and CMS’s initial recommendations and determinations.
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Today last set of my companies ( $FF & $IAC ) are releasing after the close their earnings. I will go over them & afterwards will do post on my thoughts on all of the earnings that have happened for my companies.

Including $VMD $SPOT $SFM $LKQ and many others

If you are interested, check out & subscribe

After earnings post, I will release monthly post to not overcrowd everything.
My largest holding is $VMD

Today compounders podcast came out with podcast with CEO of $VMD talking about the company.

I highly recommend listening to it!

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How do you feel about $IAC here? Feels like the first time in a while they don't have an exciting business to get investors juiced. Vimeo was okay, they appear to have sold it at the right time, but now it feels kind of dull.
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Monthly Newsletter 04/10:
Current Holdings: $VMD $IAC $SFM $SPOT $PYPL $LKQ $FF $OZK $CVS $WWE $HII $TWTR $DISCK $OPFI $GOOG $MITK $OPRA (from largest to lowest)

Topics: Announcement, Quote, Portfolio Update, Portfolio Discussion, More Books, Tax Season, & Monthly Munchies.

For this month I (got some courage) and decided to do two types of posts.

One regular with the usual stuff and one with an audio format in the beginning to be used as a companion while reading the post.

I always loved the idea of podcast or making videos on youtube (I actually used to make youtube videos as a teen when I played Call of Duty on Xbox with commentary) but I do not have time to trim and edit video format but when it comes to audio I think its a bit easier to manage so I gave it a go!

If you want regular format without audio you can click here

If you want the new format with audio in the beginning you can click here

Your honest feedback would mean a lot to me, but do give me a bit of a credit and some slack as this is my first attempt and I did it around 10-11pm.

Hope to get some feedback and to keep on trying it at least a few more times (unless everyone will hate it lol)

Thank you!
Monthly Edition Newsletter 03/16:

Topics: Personal Update, Portfolio Update, Portfolio Discussion, More Books, Don’t Share Your Edge, & Monthly Munchies.

This one is a bit more personal due to what is going on in Ukraine...

Thanks for sharing this update on both your family and your portfolio.
Regarding “sharing your edge”— you make a good point about cannibalizing your own edge by sharing. A nuanced point I’ll add is that many ‘edges’ are well known, and the fact that they persist is not because others don’t know about them, but because of some attribute that precludes them from copying.
For example, professional money managers have a host of industry expectations that force them to make short term decisions. I know some money managers who would like to utilize strategies that make money on a longer time frame, but their job requirements won’t allow it.
For a retail investor, that creates a sustainable reason why long term investing will work, even if the whole world knows about it.
There’s quite a lot of fun to be had in utilizing the edges that persist despite being well-known.
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$VMD Earnings
$VMD is a home medical equipment supplier and the nation’s largest independent
provider of ventilation that provides post-acute respiratory care
services, today reported its financial results for the three months and
year ended December 31, 2021.

QoQ increase in earnings by approximately 4% (Sep to Dec 20/21)
YoY increase in earning 11% (20/21)

(Excluding COVID-19 response sales and services)

The Company had a cash balance of $28.4 million at December 31, 2021
($31.0 million at December 31, 2020) and an overall working capital
balance of $29.5 million ($24.2 million at December 31, 2020). Total long-term debt as of December 31, 2021 was $4.3 million.

Total revenues for the first quarter of 2022 are estimated to be approximately $30.6 million to $32.0 million.

Gross Profit of 62% (no major change)

Important Metric/Number: Total Vent Patients is 8,405 (increase of 205)

The Company currently serves patients in 47 states in the United States.

From 10K:

(Known) We also hold an approximate 5% equity interest in VeruStat, Inc, a company focusing on remote patient monitoring (“RPM”). The investment is part
of an ongoing initiative to enable our salesforce to offer a new revenue
source to its nationwide physician network. RPM platforms allow
physicians to bill for in-home monitoring of patients that are
struggling with chronic diseases. The VeruStat RPM solution can be
placed in the home in conjunction with Viemed’s existing patient
engagement platform (“Engage”). During 2021, we formed Viemed
Healthcare Staffing LLC, a healthcare staffing division. The underlying
recruiting platform is expected to support internal resource fulfillment
as well as external, contractual placement of allied health and nursing

I thought they owned 10% (bought additional 5% but I guess I'm mistaken)

(New) We hold a 49% equity interest in Solvet Services, LLC, an unconsolidated
joint venture which provides health care support to state and federal

This one is interesting as they bought 49% of a DME/HME company that was started by one of their employees that focuses on government contracts. Might be potential play on VA as the owner of Solvet is veteran (this is my speculation but will be interesting what they say on the earnings call tomorrow)

SG&A is still too much :/

OIG audit is still going on...

Guessing the stock will be down tomorrow :(

The Company will host a conference call to discuss fourth quarter results on Tuesday, March 8, 2022 at 11:00 a.m. ET.
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After going over the earnings of $HII I decided that I could (for now) use more cash on the sidelines and have around 5% of my portfolio in $HII in case something does happen between Ukrainian and Russia and I’ll have some exposure (positive alpha) via $HII … nope that’s not the case but you never know

Otherwise will wait with the “cash” of 5% on the sidelines to see how the rate hike goes and possible be adding more to $PYPL $SPOT $VMD $TWTR or any other growth stocks that go down
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