https://www.pendulumcap.com/investment-pitches daily 0.75 2025-04-04 https://www.pendulumcap.com/investment-pitches/the-three-prophecies-of-trumps-maga monthly 0.5 2025-04-04 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/8d839159-2cc1-4acb-a576-9006a70f5fb3/Screenshot+2025-04-04+at+2.31.58%E2%80%AFPM.png Investment Pitches - The Three Prophecies of Trump’s MAGA - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/b06a7f0b-e967-4105-977a-159a1ec4876e/Screenshot+2025-04-03+at+6.27.08%E2%80%AFPM.png Investment Pitches - The Three Prophecies of Trump’s MAGA - Make it stand out +, -, o denotes positive, negative, and no pressure respectively P1, P2 and P3 denotes the three prophecies https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/a56fecb4-22a1-4f80-ab5b-d2a7016c4db5/Screenshot+2025-04-04+at+2.01.05%E2%80%AFPM.png Investment Pitches - The Three Prophecies of Trump’s MAGA - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/9b09733b-d7a7-4505-9c58-eeeceaaac466/Screenshot+2025-04-04+at+2.19.49%E2%80%AFPM.png Investment Pitches - The Three Prophecies of Trump’s MAGA - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/89e743d0-88d7-4f72-b1d8-2bf25ad65d04/CHFUSD_2025-04-04_18-11-35.png Investment Pitches - The Three Prophecies of Trump’s MAGA - Make it stand out Black: CHF/USD Blue: IEF ETF (5-7 year U.S treasuries) Purple: TLT ETF (20+ year U.S. treasuries) https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/31288ab5-7b50-4cb8-ad71-f16da6c9c7e7/Screenshot+2025-04-03+at+1.31.15%E2%80%AFPM.png Investment Pitches - The Three Prophecies of Trump’s MAGA - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.pendulumcap.com/investment-pitches/jakks-pacific monthly 0.5 2024-04-12 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/371c46f7-b52c-4352-ad6e-5fe7218acbbc/Screenshot+2024-03-19+at+3.41.08%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out DCF built by writer https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/4b2a0f22-f9e4-42ac-8839-eccb2a6fd438/Screenshot+2024-03-19+at+3.43.58%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - E/V EBITDA and P/E Ratio of comparable companies EV/EBITDA and P/E comparison between all near comparables Source: Market Screener https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/e17d8a54-7982-4f83-b6db-f589174acc6c/Screenshot+2024-03-12+at+4.26.10%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Worldwide demand for toys and games Source : Statistica market insights https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/cf167ee9-f890-4930-a604-07ddfceda5e5/Screenshot+2024-03-12+at+1.57.25%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/80759e63-605e-430c-973d-c60aa64eb103/Screenshot+2024-03-15+at+12.26.15%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Q3 2023 Current report Source: Form 10-Q JAKKS Pacific https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/7b29b3fa-965d-4312-9300-5e7bfdfdfad7/Screenshot+2024-03-19+at+3.47.42%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Assumptions table ($ in USD mms) -Inflation follows long-term inflation targets set by Federal Reserve -Preferred dividend expense disappears, redeemed on 12 March 2024 -Terminal Value based on EV/EBITDA Exit, lower than large peers Hasbro and Mattel -Tax rate calculated at current rates, lower than standard due to deferred tax assets https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/9ea65533-1787-484c-868a-69f20a000146/Screenshot+2024-03-19+at+3.59.52%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/fda0c9e2-6ddd-487c-8da3-17c6df7ee5c1/Screenshot+2024-04-03+at+4.36.56%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - US retail sales of toys per catagory in the past 5 years Source: The Toy Association, Circana/Retail Tracking Service/US/Jan-Dec.2023 The segment experienced a correction of $2.3b in the data that has been tracked by Circana, representing a drop of roughly 8% YoY. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/ad443e7d-abbf-4c9a-b7b1-eb3fa24d325f/Screenshot+2024-03-18+at+6.59.11%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Source: StockAnalysis.com https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/c6171292-b3c7-48fd-9673-4604d2dc968d/Screenshot+2024-04-08+at+6.07.58%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Comments on Reddit thread Jakks Pacific Simpsons figures preview March 20 2024 Source: https://www.reddit.com/r/ActionFigures/comments/1bke3uy/jakks_pacific_simpsons_figures_preview/ https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/6ab4cca9-720e-470f-9759-6dd0115728cb/Screenshot+2024-03-18+at+6.32.40%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Source: JAKKS Pacific Q4 2023 Presentation materials https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/0fee9dfd-77e0-4c8c-b277-e54ca0b5e5d1/Screenshot+2024-03-12+at+4.48.02%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Annual revenue of JAKKS Pacific Annual Revenue of JAKKS Pacific (2006- 2022) Source: Statistica https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/9783df49-e8d3-4df9-875c-66aa7fbdc73b/Screenshot+2024-03-12+at+5.56.43%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - JAKKS Pacific Gross Margin 2019-2023 Source : Q4 2023 Earnings presentation https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/9aa63080-f4ee-4430-885f-bdd394d3961e/Screenshot+2024-03-18+at+2.34.21%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Discount Rate Discount rate follows WACC and cost of equity through the CAPM model. We use the reference rates in the US for the RFR and Retail General category for the market beta. Since the company is free of debt, there is no weightage effect for debt. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/d31f2755-1576-4799-bef4-65fb16cf7fdc/Screenshot+2024-03-19+at+3.46.39%E2%80%AFPM.png Investment Pitches - JAKKS Pacific - An amusing revival - Make it stand out Range of valuations Light blue represents the 25th percentile to the median, and dark blue represents the median to the 75th percentile. https://www.pendulumcap.com/investment-pitches/blog-post-title-one-8nzxf monthly 0.5 2024-02-29 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/ea9fdce1-b160-4fec-b704-3e6fbfd0f977/Screenshot+2024-02-29+at+12.28.24%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out Q1 2021 Dispositions Source: GEO Q1 Supplementary Disclosure https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/ab0ba57d-f556-44c0-9265-c5bfe63ed5ae/Screenshot+2024-02-29+at+12.23.14%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out GEO (black) vs S&P500 (blue) Source: Investing.com https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/366deeb6-f485-43ba-976b-e8b90160aebc/Screenshot+2024-02-29+at+12.26.44%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out GEO’s long term obligations Source: GEO Supplemental Q1 2021 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/667b8887-0a17-4303-974b-d8adace0ae14/Screenshot+2024-02-29+at+12.21.41%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out Executive order to stop private detention facilities contracts Source: whitehouse.gov https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/b6718e12-ca02-4c15-8335-ffe23f177313/Screenshot+2024-02-29+at+12.30.17%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out Analysis on Thomson Correctional facility (Now United States Penitentiary, Thomson) https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/ac33a23f-b01e-4985-9a72-225a0b05dbd5/Screenshot+2024-02-29+at+12.30.52%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out Liquidation Table https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/dc6deeab-2455-4efc-a77b-1d7e4662caf5/Screenshot+2024-02-29+at+12.29.07%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out Talbot Hall Summary Source: Schedule III, GEO 2020 Annual Report https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/5e75b222-8bdd-4659-8fc6-ae46bcc9798a/Screenshot+2024-02-29+at+12.27.21%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out GEO’s next 5 years borrowings in detail Source: GEO Supplemental Q1 2021 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/1bbbad88-ab7c-4a65-a05e-58e177b850f5/Screenshot+2024-02-29+at+12.31.55%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out DCF of GEO’s other revenue streams https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/623a1429-86f5-4701-bcd8-bec91ad49bfc/Screenshot+2024-02-29+at+12.29.41%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out Talbot Hall Summary Source: Schedule III, GEO 10k 2020 Annual Report https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/d8a8dc24-7716-4355-a055-f8a5593193b1/Screenshot+2024-02-29+at+12.23.56%E2%80%AFPM.png Investment Pitches - GEO - A turnaround in the making (2021) - Make it stand out Source: TIME https://www.pendulumcap.com/insights daily 0.75 2025-12-19 https://www.pendulumcap.com/insights/it-rhymes monthly 0.5 2025-12-19 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/4032152e-87c2-4a51-a9ac-50f1ffc8c68e/Screenshot+2025-11-26+140628.png Insights - It rhymes - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/e31bb569-1944-4b78-b601-54198c458a3a/Screenshot+2025-11-27+135020.png Insights - It rhymes - Make it stand out eToro profile scanner feature https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/6e270405-316a-439e-96d1-8a65b5ce1b54/Gartner_Hype_Cycle.svg.png Insights - It rhymes - Gartner Hype Cycle This pattern exists throughout history and throughout different technologies, revolutions and disruptions. ”We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” - Roy Amara https://www.pendulumcap.com/insights/q3-update-adjustments-to-tariffs-and-the-inflating-bubble monthly 0.5 2025-11-26 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/06eea12b-1cf9-4ebd-b9ce-a98ee9f20d98/G1e54SmXQAAKHua.jpeg Insights - Q3 2025 Update - Adjustments to tariffs and the inflating bubble (not inflation) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.pendulumcap.com/insights/quick-market-update-17-march-2025-and-favorable-positions-going-forward monthly 0.5 2025-03-20 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/b3cf6fcc-e42c-4f6c-8a73-5896e8db7c68/Screenshot+2025-03-19+at+4.32.27%E2%80%AFPM.png Insights - Quick market update (17 March 2025) Contractionary Fiscal Policy vs Tariffs + favorable positions - Make it stand out S&P 500 forward PE Ratio Source: MacroMicro https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/e90c5774-a0c5-4ffe-abdb-a7d70e3872a6/GC1%21_2025-03-18_18-12-00.png Insights - Quick market update (17 March 2025) Contractionary Fiscal Policy vs Tariffs + favorable positions - Make it stand out Gold Futures (Blue) vs. Silver Futures (Purple) Federal Funds Rate (Gray, Left Scale) Source: TradingView, COMEX, Fed https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/c14ef7f2-6ff5-4f33-9b80-5820a6a4870c/SPY_2025-03-17_11-37-17.png Insights - Quick market update (17 March 2025) Contractionary Fiscal Policy vs Tariffs + favorable positions - Make it stand out SPY ETF Source: TradingView https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/8dc5c1c0-4d6a-4134-96f0-bf577cfc4704/Screenshot+2025-03-18+at+4.10.33%E2%80%AFPM.png Insights - Quick market update (17 March 2025) Contractionary Fiscal Policy vs Tariffs + favorable positions - Make it stand out Annual performance of 7 headline asset classes https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/b5f22d97-d2d6-4dc2-8cba-bd73a1d7a6f5/Screenshot+2025-03-19+at+11.55.34%E2%80%AFAM.png Insights - Quick market update (17 March 2025) Contractionary Fiscal Policy vs Tariffs + favorable positions - Make it stand out BofA US High Yield Index Option-Adjusted Spread Source: FRED https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/0d63b8fa-93d3-46f5-b586-ed112ecc6b6c/Screenshot+2025-03-20+at+9.53.17%E2%80%AFPM.png Insights - Quick market update (17 March 2025) Contractionary Fiscal Policy vs Tariffs + favorable positions - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.pendulumcap.com/insights/h2-2024-economic-outlook-everything-is-fine-until-its-not monthly 0.5 2024-08-02 https://www.pendulumcap.com/insights/the-case-for-small-caps monthly 0.5 2024-07-09 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/d54fe622-10c8-46e9-b525-bf1a1fe9dff7/Screenshot+2024-04-01+at+6.04.20%E2%80%AFPM.png Insights - The case for small-cap equities - Make it stand out Standard deviations of Russell 2000 and S&P 500 Source: Fact sheets from index websites https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/0a21e254-4ec2-457f-9de1-ed230e4c4fb6/Screenshot+2024-03-28+at+5.51.57%E2%80%AFPM.png Insights - The case for small-cap equities - Make it stand out Leverage metrics , Russell 2000 vs S&P 500 (September 2023) Source: Lazard Asset Management, FactSet https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/90ae6378-c4de-4b8b-aebc-87eb560579a2/Screenshot+2024-03-28+at+6.11.31%E2%80%AFPM.png Insights - The case for small-cap equities - Make it stand out Relative P/E between Russell 1000 (Large-caps) and Russell 2000 (Small-caps) Source: FactSet https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/3876f65d-1e8b-436f-b727-51b2bc153b9a/IWM_YahooFinanceChart+%281%29.png Insights - The case for small-cap equities - Make it stand out IWM - Russell 2000 (Small-Caps) vs. SPY - S&P 500 (Large-Caps) Source: Yahoo Finance https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/8202f88e-bc25-4037-bf51-26b401f508f3/Screenshot+2024-04-01+at+1.13.12%E2%80%AFPM.png Insights - The case for small-cap equities - Make it stand out Number of analysts covering the company, from Marathon Oil to Sandridge Energy Source: WSJ.com https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/480e9b0e-1f29-4107-b7f5-d279aaa595c0/Screenshot+2024-04-01+at+2.45.21%E2%80%AFPM.png Insights - The case for small-cap equities - Make it stand out Global M&A deals, by type Source: Bain & Co https://www.pendulumcap.com/insights/our-pillars monthly 0.5 2024-03-27 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/e6b88348-becc-4f91-9aa2-1ab55066bd75/1920-ai-generated-sailboat-on-blue-sea-and-blue-sky-view-generative-ai.jpg Insights - Our Anchors of Investing - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.pendulumcap.com/home daily 1.0 2024-08-13 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/c7d360d6-d6f3-4406-8ff6-caa3f54354f8/1920-stones-balancing-on-the-beach.jpg https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/a02a06af-9755-4059-b6c6-8d39d307dc3e/1920-skyscrapers-contemporary-office-buildings-in-downtown-business-center.jpg https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/2ac15f64-02db-4a54-a1c6-018b8851d7e9/1920-stunning-panoramic-view-of-the-swiss-alps.JPG https://www.pendulumcap.com/about daily 0.75 2024-03-28 https://images.squarespace-cdn.com/content/v1/65dff3ddeaca21480bbd4ff0/01403769-b8fc-4e48-9481-395e0753068b/vecteezy_a-blue-wave-with-a-swirl-pattern-on-it_35091598.jpg