Permanent Equity: Investing in Companies that Care What Happens Next

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Return of CIMple Truths

If you’re a more recent Unqualified Opinions reader (and most of you are), CIMple Truths was a gag I pulled out on Fridays back during season one to highlight ridiculous things seen in deal teasers called Confidential Information Memorandums (abbreviated CIMs sounds like “sims”). I stopped doing it because as interest rates rose and deal flow slowed, people stopped making so many ridiculous claims (just not the Trump SPAC). But sufficient ridiculousness has accumulated since then that I thought I would run CIMple Truths out for a curtain call ahead of the weekend.

So without further ado, here are some things that recently made us scratch our heads.

Tech-forward organizations…

That is some cutting edge stuff.

Very humble brags…

Wait, is that a good thing?

Creative addbacks…

There’s probably a story there.

Non-core business…

Well, that was unexpected, but aren’t they all? Have a great weekend.

-Tim


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