7/31/25 - $weav - Just watching tnWeave Communications, Inc.NYSE:WEAVVROCKSTAR7/31/25 :: VROCKSTAR :: WEAV Just watching tn - this tape has enough issues where $10 or $15 or $25 bn companies can't catch a needed bid for fcf yields and growth far in excess of what fiat IOU's yield - so i already have my "favorite" $500 mm c'mon let'sgoco called GAMB and liquidity and size seem to matter right now - which (see private notes on chart) is why i am not going to complicate my life w/ this one tonight. but probably a dip buy esp if there's some sort of growth hiccup and i'd have time to investigate - all in, this seems like a cool niche software co that hasn't really turned the corner on opex inflection to get toward DD ebitda mgns, but where if there remains progress as we've seen over the last year, it will be a matter of time - tough to value this in a typical context - so i'd say so far i like rev growth and sales flex on opex line, "therefore" R&D seems to be producing - you all know rule of thumb, but in this tape let's put a heftier discount rate on 40 mm annualized budget of 20% (a defensibly conservative bar) and that's 40/.2 = 200 mm.. stock at 500 mm cap and you know i like to 2x that r&D budget, which says anything below 20% is a pretty easy dip buy for me (ex structural issues which i'd need to investigate). anything 15%... let's see. shallow 10%.. pass and look later. and if it's up... it just remains on the eternal watchlist. be well V