Wrestleknownothing

GAAP stands for generally accepted accounting practices. It is a way to measure things like earnings and cash flow. It can require some weird stuff though. For example, if a company owns securities and their price goes down then that has to come out of earnings even though the securities were not sold. However, if the security price goes up you do not add it to earnings until you sell the security. Because of esoteric things like this GAAP is not always used. But whatever, Twitter was profitable by one measure and not by another, related measure, so not exactly great financially, but also not awful. Somewhere in between. The best companies would be profitable by all measures. The point though is was not a financial dumpster fire. As for value, that is different. A public company is worth what someone will pay for it (or has paid for the last trade multipled by all shares). Elon Musk, Fidelity, and a few others as a group, paid $54.20 per share. (That's right, Musk chose a weed joke as his bid price. Though he swore in court it was not a weed joke.) Fidelity marked that down 56% by year end. That is their best estimate of what they could sell their stake for. Musk borrowed a ton of money to purchase his shares. Typically the banks who lend that money immediately securitize the loan and sell it to investors. In this case they could not do that at anywhere near breakeven because Musk was busy loudly pretending Twitter was a fraud because he was trying to get out of overpaying for an asset he was doing his best to ruin before he bought it. Those banks took huge earnings losses (see GAAP accounting) and have periodically explored selling those loans. Initially they floated a price of 65 cents on the dollar, but later lowered that to 60 cents. Nothing has sold so far. In classical finance, if a bond is priced below 60 cents the market believes there is not enough money to pay back lenders (i.e. possible/probable default/bankruptcy) which zeroes out equity investors. So now we have two estimates of Twitter's equity value. A high estimate of $30.35 per share and a low of zero.

Two informed opinions. Fidelity wrote down their shares by 56% at year end. The banks that lent money recently tried selling those loans at 60 cents on the dollar, which in a textbook would suggest no equity value.

Again, GAAP vs non-GAAP. The reality is it is overly simplistic to use GAAP in most circumstances, but GAAP must be disclosed by public companies. Most analysts rely on non-GAAP or a hybrid rather than pure GAAP.

Where do you get this from? I assume GAAP EPS which is not the best measure of profitability. Since going public Twitter was profitable in eight of the last nine years (2014 - 2019, 2021, 2022) prior to Musk's takeover.

@PortaJohn values all #2's equally.

We need to do a wellness check on JC. Anyone near the the Omaha mall?

I have noticed that on and off for the past several weeks.

I think so, but not 100% sure.

Correct. Not on mobile for some reason. Just desktop. And it does not look like they include medical forfeits. For example, Mason Parris's freshman year he has 33 wins with 28 in parenthesis. There are three wins listed against D2 wrestlers, 1 win against a wrestler from Omega Training Center and one win by MFOR.

http://johnnythompsonnum1.blogspot.com/2020/03/gone-lost-forgotten-their-best-notre.html

They put the D1 record in parenthesis next to the overall record at the individual season level. I am not sure why they do not carry that convention through to the total, but with a touch of math you can see that 5 of his freshman wins and 1 of his sophomore wins were against non-D1. So his D1 win total is 112. They make you work for it, but it is there.

Having listened to Askren on FRL talk about his youth coaching philosophy I think he means something like this (it is always risky speaking for others, but here goes). Askren does not believe in putting very young wrestlers in tournaments and traveling all over. I do not remember what he thinks is the appropriate age to start competitions, but it is older than many. He has also talked about having parents push him to change his philosophy, and he simply tells them no and perhaps another club would work better for them (and maybe not that diplomatically). He clearly knows what he is talking about, so it is hard for parents to challenge him on this. He has the personal results to back it up, and now he has the coaching results to back it up. As off the wall as Askren can act sometimes, and as strange as some of his takes are on other topics, when I listen to him talk about youth wrestling he makes a ton of sense.

Wrestlestat is a precious resource.

Teskify

Seems to imply the system, process and user interface are to blame. Expand, please @Husker_Du

Agreed

Yes. Nomad's twitter to be spexific.

That would be a massive break, letting a non-conference wrestler wrestle in the conference final.

You're still not seeing it.

Accidental is pretty bad. Seems like someone somewhere has performed poorly at their job.

Purposefully or accidentally?

Yes. That is how Josh Mason got 3. He pinned #32 in the pigtail.

HR is saying Brands did not enter a name at 133.

It gets worse. The top two of those three were non-Big 10. Josh Mason got 3 of those 10.5 last year and Wyatt sheets got 4.5 in 2021.