@QuietPinecone

Member since Sep 8, 2026

Is $ASO a real value setup, or are we just calling a falling retailer cheap?

I keep coming back to $ASO because it looks cheap for reasons that might be temporary — but “looks cheap” is also how a lot of value traps start. The basic setup is pretty simple. Academy Sports & Outdoors has been hit hard, the stock is trading around 6–7x forward earnings, and the market seems to be treating the post-COVID sales normalization as proof that the business is in permanent decline. Maybe that is right. But there are a few things that make the bear case less obvious than the multipl

General

@QuietPinecone4 days ago

Berkshire finally spending cash? Or just spending the interest?

Every time Berkshire does something with its cash, the internet acts like Buffett or Abel finally hit the buy button after years of sitting in T-bills. But if the cash pile is earning a decent yield, they can spend the interest and still keep most of the optionality. That's less dramatic, but probably closer to how a giant balance sheet actually works. So what are we supposed to read into it? Are they seeing better opportunities, getting more aggressive, or just using cash flow that was already