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Bread Crumbs Research

@breadcrumbsre.bsky.social

I invest in unrecognized/underappreciated excellence. Marathon AM: Trying to spot a great manager remains a game very much worth playing.

775 Followers  |  200 Following  |  204 Posts  |  Joined: 15.11.2024  |  1.9311

Latest posts by breadcrumbsre.bsky.social on Bluesky

Now this all makes sense 😂

04.08.2025 11:23 — 👍 2    🔁 0    💬 0    📌 0

Is this place completely dead now? Over the past hour I’ve got 7 tweets from 742 accounts I follow

04.08.2025 11:17 — 👍 0    🔁 0    💬 3    📌 0
Preview
a close up of a stuffed monkey wearing a green shirt and blue jeans . ALT: a close up of a stuffed monkey wearing a green shirt and blue jeans .
18.06.2025 15:41 — 👍 2    🔁 0    💬 0    📌 0

When you account for 10% of daily trading volume in a nanocap stock 🐳

18.06.2025 15:28 — 👍 3    🔁 0    💬 2    📌 0

Can fund higher defence spending

30.05.2025 07:20 — 👍 1    🔁 0    💬 0    📌 0

Starting point matters

19.05.2025 13:44 — 👍 1    🔁 0    💬 1    📌 0
Post image 17.04.2025 08:39 — 👍 7    🔁 0    💬 0    📌 0

🙏

03.04.2025 13:39 — 👍 0    🔁 0    💬 0    📌 0

CNQ, ipco , invx would be my three picks

03.04.2025 12:05 — 👍 1    🔁 0    💬 0    📌 0
Post image 03.04.2025 11:35 — 👍 1    🔁 0    💬 0    📌 0

If you’re a net oil importer and don’t sell too much to the US, it’s a pretty good day

03.04.2025 11:32 — 👍 2    🔁 0    💬 1    📌 0

Brent down 4.75%, usd index down 1.75%. Oil just got cheaper 6.5% for non US buyers

03.04.2025 11:30 — 👍 3    🔁 0    💬 1    📌 0

It seems like there is at least one certainty: if I’m a ceo of a US company I’m delaying investment projects to see where the dust will settle down

03.04.2025 08:55 — 👍 8    🔁 0    💬 0    📌 0

If Trump tariffs cause recession I’m loading up with oil stocks, anyone who survives 3 recessions in a decade will have bright future

03.04.2025 08:02 — 👍 5    🔁 0    💬 1    📌 0

Thanks. As I mentioned I hate this sector pretty badly but there seems to be some capital cycly staff going on so might take a look 🙏

01.04.2025 15:46 — 👍 1    🔁 0    💬 0    📌 0

Invx

01.04.2025 15:44 — 👍 1    🔁 0    💬 0    📌 0

I have not. What the thesis here ?

01.04.2025 15:41 — 👍 0    🔁 0    💬 1    📌 0

I absolutely hate this segment and everything commodity-related but at the right price we should take the risk, right? It’s not religion after all

01.04.2025 15:33 — 👍 2    🔁 0    💬 2    📌 0

Last deal they made was at 4x ebitda for a biz growing 20% yoy and being market niche leader. Not bad!

01.04.2025 15:32 — 👍 2    🔁 0    💬 1    📌 0

Private equity loaded up with these companies in 2015-16-17. Now they want to exit without much/any buyers. Buyers’ market, baby

01.04.2025 15:29 — 👍 3    🔁 0    💬 2    📌 0

They just closed facility that was able to meet global demand in their market segment. Capital cycle stuff, capacity leaving the market blah blah blah

01.04.2025 15:26 — 👍 2    🔁 0    💬 1    📌 0

State of oil services now: I own a company that’s trading at c. 6x ebitda and buys other oil services companies at 3-4x ebitda (that’s 6-8x p/fcf); last 8 years revenue per share cagr = 21%. I know, I will get rekt on this one but at least it’s going to be fun

01.04.2025 15:24 — 👍 3    🔁 0    💬 1    📌 0

People discovering capital cycle the hard way 🫠

24.03.2025 12:52 — 👍 1    🔁 0    💬 0    📌 0
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My favorite chart of the day

24.03.2025 12:10 — 👍 2    🔁 0    💬 2    📌 1

Also streaming + generally most of the stuff Masa was involved

19.03.2025 17:50 — 👍 1    🔁 0    💬 1    📌 0
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LOL

19.03.2025 17:22 — 👍 6    🔁 0    💬 0    📌 0
Post image 19.03.2025 16:41 — 👍 3    🔁 0    💬 1    📌 0
Post image 19.03.2025 16:40 — 👍 3    🔁 0    💬 1    📌 0
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There is a category of cyclical stocks that are flat for decade, then double or triple in a couple of years and stay flat for another decade

19.03.2025 16:39 — 👍 4    🔁 0    💬 1    📌 0
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How to pick good management teams

18.03.2025 16:52 — 👍 5    🔁 0    💬 0    📌 0

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