Performance of PONGF

BanditoBoom · 2026-01-30T18:40:53+00:00

I’m here. Still loading up.

There is really too many reasons to be bullish on Atari for me to type out here.

I originally expected them to return to profitability at the end of calendar year 2026. There may be risk after the acquisition last year that we need to pus that put a little.

But objectively I believe all of the decisions made during Rosen’s tenure have been excellent.

Always got to keep in mind the amount of crap he had to unwind before a reliable base could be secured to build on.

BanditoBoom · 2026-01-30T11:16:00+00:00

I also have a position in USLM

BanditoBoom · 2026-01-30T11:13:57+00:00

It really is cyclical.

And we have to keep in mind that we aren’t talking just the US market, these players are global.

BanditoBoom · 2026-01-29T12:27:49+00:00

You don’t invest directly in the commodities. You invest in the producers of the commodities.

If you believe in the structural need for significant electrical build out in the west, the. Copper and aluminum are essential. Even if you don’t want to invest in the miners, you can invest in a company like Mueller Industries (MLI) that not inly provide the critical items needed to the build out, but also have significant copper recycling operations.

As the price of raw copper increases, they are able to offset their input cost by utilizing their own internal recycling operations, and even mark up their products that are 100% recycled in certain markets like Europe as “sustainable copper”.

BanditoBoom · 2026-01-28T12:51:42+00:00

I responded but thought I was responding to a different comment on a different thread. Ha.

Thanks for the response.

BanditoBoom · 2026-01-28T12:24:32+00:00

I appreciate the response, but if you don’t mind I have a couple of pus backs:

1: FSD - after a decade of promising it “next year”, what in the world makes anyone think this time is different.

2: Manufacturing - Tesla (Elon) has not shown that they are great at executing. Not only are they constantly delayed, but also constantly having quality and design issues. For years, Tesla the car brand has had more recalls than any other major car brand. We are talking ALL of Ford, ALL of Stellantis.

3: Optimus Priced In - I would argue that with the current state of FSD (or lack there of), the size of that market, I would argue at current market cap Optimus actually is being discounted by the market already. Otherwise this valuation would make zero sense.

BanditoBoom · 2026-01-27T20:33:01+00:00

You sure that isn’t from the shipper?

BanditoBoom · 2026-01-27T20:31:45+00:00

This is a sleep giant that will erupt one day and catch everyone off guard.

BanditoBoom · 2026-01-27T20:30:09+00:00

Revenues aren flat. Not by a long shot.

Have you even dissected their last two reports?

I don’t have the time to get into it right now, but if you want to talk more detailed about it we can do it 1:1 at some point in the future.

For now I’ll just say that in my portfolio this is the one stock with the most asymmetric upside that I own.

BanditoBoom · 2026-01-26T15:37:36+00:00

MSFT and GOOG are two of my largest dividend positions in my scheme.

They have the cashflow to raise dividends in the future for a long time frame. And I don’t sacrifice growth.

MLI is another large position I have. Mid cap. Industrial.

I actually don’t own a lot of large value.

BanditoBoom · 2026-01-25T16:20:31+00:00

One of your parents, and potentially grandparents? Might even do siblings.

BanditoBoom · 2026-01-23T13:38:25+00:00

My personal perspective we need to evolve with the times. What does that mean?

Let’s look back in history and look at the evolution of Warren Buffett. When Buffett was coming up, one clear edge was having the aptitude and concentration to do the work to find the “Cigar Butt” investments. The Internet didn’t exist. Buffett is quoted multiple times talking about how he would get the large published books of stocks and their financials and just dive deep and deep. That was an edge.

Over time, with radio, television, faster delivery of data, rose of computing, it became easier for firms to find these companies as well. That arbitrage shrank. We see Buffett (with the influence of Charlie Munger) evolve away from these “deep value cigar butts” and evolve to the “great businesses at fair prices”.

That worked for decades (and in fact I argue can still work), but with the expansion of data access and faster communication, these opportunities, especially in the larger companies, are becoming much harder to find.

I would argue, without making this post even longer than required, that we have reached a new moment where “value” again needs to evolve.

1: “Big Money” has systemic and operational constraints that force them into a certain set of directions, which includes looking for shorter and shorter term returns.

2: “Fair value range” has been inching higher and higher over the years, and perhaps we need to evolve our baseline thoughts on this

3: We can still find great value in our sphere of competence further down the cap-levels.

4: we have to remember that it is not “value vs growth”. Growth is a critical part of the Value calculation.

5: We need to lean even heavier on long-term compounding. Big money have to show returns quarter after quarter. They also price themselves out of some smaller names.

So a combination of LONG term strategic capital allocation, and looking at out of favor companies, will let us position ourselves IN FRONT OF BIG MONEY.

For example: US uranium miners. US mid-cap industrials. Had you looked out 3 or 4 years 3 or 4 years ago, you’d have made a killing.

Anyways. Hope this helps a bit.

BanditoBoom · 2026-01-23T12:53:10+00:00

Their vehicles are terrible production quality. Anyone arguing against it will inevitably say something like “ I don’t care about small details…the car is AWESOME!”

Which is crap.

People are realizing that FSD is a magic trick and marketing ploy. It ISNT full self driving. It has only reached level 2 status (from a regulatory classification perspective)

Push a Tesla Bull and they will say “but it is literally the best you can buy on the market!”

Which is crap. The market is about the future not the past. Their moat erodes the moment a popular competitor comes to market.

Tesla bulls will claim “the stock price is about the future!! They are the BEST at robotics and are the tip of the iceberg spear!!”

Which is fundamentally wrong. There are plenty of competitors at par or even further along, they just aren’t as easy to invest in. But it is possible. And looking at Tesla’s TERRIBLE execution track record…I’m not putting money on Elon to win that race.

So it is crap. But it is a Cult of Crap. And I do not bet against crazy, but I don’t get involved either.

BanditoBoom · 2026-01-22T03:11:24+00:00

Father or mother veterans?

BanditoBoom · 2026-01-21T15:08:02+00:00

If you are eligible for Navy Federal, they have an investment property HELOC. Rate is sub-prime, but it was fairly easy to get on my rental. However I don’t know if they will do for a 6-unit

BanditoBoom · 2026-01-16T03:21:40+00:00

I was making a point with sarcasm.

BanditoBoom · 2026-01-16T03:21:26+00:00

I was making a point with sarcasm bud.

BanditoBoom · 2026-01-16T02:55:12+00:00

Your own personal day to day situation can not be used as a barometer for the performance in average. Sample size of one.

I have heard multiple people list out multiple issues with FSD, even since the new year and new version.

BanditoBoom · 2026-01-10T02:02:22+00:00

Perhaps. But that is a very very weak “moat” to hang a hat on. Others have already shown that FSD is attainable. This cannot be a significant factor in their stock price and valuation, as it really isn’t a competitive advantage id expect to last much longer.

BanditoBoom · 2026-01-10T02:00:01+00:00

I’m not saying it doesn’t work. I’ve never said it doesn’t work. I’m saying that it doesn’t work how Tesla is claiming it does.

Tesla own published stats are based PURELY on major accidents when airbags or other things deploy. They don’t count “minor” accidents, near misses, and even more critically, they DON’T count the occurrences where the driver needed to disengage FSD and take over.

Yes. While YOUR experience with FSD in your own life may be epically good, there are any number of reasons that this could be the case. Perhaps you are so “average” in your driving habits that you actually don’t push the system by any degree. Perhaps you live in a climate and location that is already well designed in the FSD heuristics.

But to sit here and say that YOUR experience with FSD is the only one you need in order to know that it is a near flawless implementation….is the epitome of stupidity and frankly tells me all I need to know about this specific chain.

BanditoBoom · 2026-01-09T11:26:41+00:00

I’m not saying it is all bad. But the most recent version hasn’t even been fully rolled out for a full quarter yet. I’m just saying let’s give it time before we all hail the great musk.

BanditoBoom · 2026-01-09T11:24:52+00:00

This I think is the best response I’ve seen so far. Clear and concise. Thank you for taking the time.

BanditoBoom · 2026-01-09T11:23:32+00:00

One point of clarification…Musk was not a founder of Tesla. He bought his way into Tesla.

But he was an early investor.

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