Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, publications, and personal analysis intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].

A public feud erupted last week between Musk and Trump over the president's massive tax bill. Now we're joined by Joshua Gallu from Unic. Josh.You've covered politics in the US for many years. Where does this leave Musk's relationship with President Trump. Well, you know, Trump is a very transactional personality, right.So he has fought and mended fences with many, many people in the past. It depends on what that person has to offer him politically or otherwise. So, you know, this this was, of course, in th ...

Financial Data and Key Metrics Changes - The company reported a compound annual growth rate (CAGR) of 16% in revenue and 21% in earnings over the past ten years, indicating strong growth compared to the contract manufacturing industry [9][105] - For fiscal year 2025, the company expects revenue to be up approximately 18% compared to fiscal year 2024 [9] Business Line Data and Key Metrics Changes - The optical communications segment accounts for over 70% of the company's business, with datacom and telecom roughly split [6] - The datacom business has been growing well, while the telecom business has recently shown strength [6] - The gross margin has been in the range of 12% to 13%, with operating margins around 10% to 11% [13][14] Market Data and Key Metrics Changes - The company has seen a significant increase in demand for 400 ZR products, which now represent about 10% of overall revenue [72] - The telecom revenue has rebounded to approximately $406 million, recovering from a previous low due to inventory digestion [70][71] Company Strategy and Development Direction - The company focuses on being a pure play contract manufacturer without its own products, which allows it to maintain strong relationships with customers [8][96] - The strategy includes expanding capabilities in optical subsystems and components while maintaining low costs and high margins [14][17] - The company is also exploring opportunities in co-packaged optics, which is expected to be additive to existing business [60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stability of the macro environment, noting that the products manufactured are primarily for infrastructure projects, which are less susceptible to consumer sentiment [24] - The company is closely monitoring tariff impacts but has not seen significant effects on operations [25] - Management believes that the telecom business will continue to grow, driven by system wins and the recovery of baseline business [80] Other Important Information - The company has a layered hedge structure for foreign exchange risks, primarily related to the Thai baht [101] - The tax rate is expected to remain stable, with no significant increases anticipated [82] Q&A Session Summary Question: What makes Fabrinet unique versus others? - The company emphasizes its specialization in a few key areas, maintaining a strong reputation and executing well for customers, which builds trust and leads to more business [94][96] Question: How do you expect your tax rate to change? - The company operates at a mid-single-digit tax rate and expects to maintain this due to ongoing tax benefits in Thailand [82] Question: Can you elaborate on the systems wins with Cisco, Sienna, and Amazon? - The company has secured significant wins with Cisco and Sienna, and is optimistic about the relationship with Amazon, which spans multiple revenue categories [84][48] Question: What is the current state of inventory levels across the industry? - Inventory levels are improving but have not returned to pre-COVID levels; the company is seeing a downward trend in customer inventory [88][87] Question: How does the company maintain its margin structure? - The company focuses on controlling costs and maintaining a stable margin structure despite short-term headwinds from product ramps [104]

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RT Department of Government Efficiency (@DOGE)Contracts Update!Great work by agencies over the last three days terminating 111 wasteful contracts with a ceiling value of $790M and savings of $263M, including $21k for a Department of Energy “executive coaching program for an estimated 30 senior executives” and $480k for the US Agency for Global Media's “FM operations and maintenance in Lusaka, Zambia”. ...

Swaps are derivative contracts where two parties agree to exchange cash flows for a period of time. Here's how these contracts are used in the market. https://t.co/SvrpNHT480 ...

- [Reporter] Amid the fallout between Elon Musk and President Donald Trump- - I'm very disappointed in Elon. I've helped Elon a lot. - [Reporter] Musk threatened to decommission SpaceX's Dragon spacecraft.That's a big deal for US space missions. - Dragon has been the only US spacecraft launched by a US space company transporting astronauts to and from the station from the US. - I find this to be disconcerting how quickly this went to the threatening from contracts that's not good for the United States.- [Re ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, publications, and personal analysis intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

Core Insights - Enbridge Inc.'s business model minimizes commodity price volatility and volume risks through regulated or take-or-pay contracts, which support 98% of its EBITDA [1][9] - More than 80% of Enbridge's profits come from activities that allow automatic price or fee increases, helping to offset rising costs and protect earnings and dividends in a high inflationary environment [1][9] - The stability of Enbridge's business model contributes to its investment-grade credit rating and provides long-term visibility into cash flows [2] Pipeline Operations - The Matterhorn Express Pipeline and Traverse Pipeline are significant assets for Enbridge, transporting natural gas to key markets like the U.S. Gulf Coasts from the Permian Basin, operating under take-or-pay contracts that shield against volume risks [3][4] - Shippers reserving capacity on these pipelines are investment-grade counterparties, ensuring stable fee-based revenues that are resilient to energy market volatility [4] Comparison with Peers - Other midstream companies like Kinder Morgan (KMI) and Enterprise Products Partners LP (EPD) also have stable business models supported by fee-based revenues [5] - Kinder Morgan's network of pipeline and storage assets operates under long-term take-or-pay contracts, ensuring consistent revenue streams [6] - Enterprise Products has a diversified asset portfolio and has achieved over two decades of distribution increases across various business cycles [7] Financial Performance - Enbridge's shares have increased by 37.3% over the past year, outperforming the industry average of 35.9% [8] - The company trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 15.36X, higher than the industry average of 13.95X [11] - The Zacks Consensus Estimate for Enbridge's 2025 earnings remains unchanged over the past week, with current estimates at $2.12 per share [13][14]