@BaronDavisCREi
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Baron Davis retweeted
For those who think Colin Simmons ruined his chances at winning national awards…
I present to you, the 2017 Heisman Award winner
Baron Davis retweeted
De’Von Achane (one of the best RBs in football) was the RB27 & RB17 on this Dolphins offense.
But don’t worry guys… Ollie Gordon’s got you.
Baron Davis retweeted
Texas’ Offense was unbelievably physical vs Ohio State. This is how you will your team to a victory ⬇️
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Baron Davis retweeted
We remember and honor those lost on September 11, 2001.
#NeverForget
Baron Davis retweeted
The governor of California just made this parody video illegal in violation of the Constitution of the United States.
Would be a shame if it went viral.
Baron Davis retweeted
People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America.
I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen:
1. The government announces that grocery retailers aren’t allowed to raise prices.
2. Grocery stores, which operate on 1-2% net margins, can’t survive if their suppliers raise prices. So the government announces that food producers (Kraft Heinz, ConAgra, Tyson, Hormel, et. al.) also aren’t allowed to raise prices.
3. Not all grocery stores are created equal. Stores in lower-income areas make less money than those in higher-income areas, as the former disproportionately sell lower-margin prepackaged foods (“center of the store”) instead of higher-margin fresh products like meat (“perimeter of the store”). Because stores in lower-income areas aren’t able to cover overhead (remember, even if their wholesale costs are fixed, their labor, utilities, insurance, and other operating expenses aren’t fixed… yet), grocery chains start to shut them down. Food deserts in rural areas and in low-income urban areas alike become worse.
4. Meanwhile, margins for food producers are also quickly eroding. Their primary costs (ingredients, energy, and labor) aren’t fixed, and their shrinking gross profits leave less cash flow available to cover overhead, maintain facilities, and reinvest in additional production capacity.
5. Grocery chains, which have finite shelf space, start to repurpose their stores (those they didn’t have to shut down, I should say) to sell more non-price-controlled items—everything from nutrition supplements to kitchenware to apparel—and less price-controlled food products. Your local Kroger or Safeway starts to look and feel more like a Walmart.
6. Food producers stop making products with lower margins. Grocery chain start competing with each other to secure inventory. Since they can’t compete by offering stronger prices (remember, producers aren’t allowed to raise prices here, and, even if they could, grocery chains no longer have the gross profit to bear price increases), they compete on things like payment terms.
7. Small grocery chains start to shut down entirely, or get sold to larger chains like Kroger. In addition to not being able to cover fixed costs, a major reason for this is because they can no longer reliably secure delivery of products, due to producers prioritizing sales to larger customers, which are able to leverage their stronger balance sheets to offer superior payment terms.
8. Smaller food producers—which typically sell via distributors, rather than directly to grocery chains—start to go out of business. Because these producers have an additional step their value chains, and because they have lower volumes over which to spread their fixed costs, their cost structure is inherently disadvantaged compared to major food producers. When grocery stores aren’t able to raise prices, cutting product costs becomes all the more important, and deprioritizing purchases from smaller producers is an easy way to do so.
9. As supply chains break down, lines start to form outside grocery stores every morning. Cities assign police officers to patrol store parking lots, and food producers draft contingency plans to assign armed escorts to delivery trucks.
10. The federal government announces a program to issue block grants for states to purchase and operate shuttered grocery stores. The USDA also seizes closed-down production facilities.
11. The government announces that prices for all key food costs—corn, wheat, cattle, energy, etc.—are also now fixed, to stop “profiteers” from gouging the now-government-operated food industry.
12. Shockingly, the government struggles to operate one of the most complex industries on the planet. The entire food supply chain starts imploding.
13. Communism, mass starvation, and the end of America quickly ensue.
Hey wait a second
Baron Davis retweeted
We relaunched our Dallas multifamily investment two weeks ago.
One of our investment partners pulled out unexpectedly because the sale of their business was delayed, impacting their liquidity.
💡This forced our team to get creative.
The response to fill this space has been incredible. We had 15 new investors in less than two weeks - they realized this deal was too good to pass up due to it's strong fundamentals:
→ Cash-flowing from day one
→ Acquiring at a great basis
→ Low execution risk
Since last week, we have over 100 LP's actively reviewing the deal to capture the last bit of remaining equity.
If you are an accredited investor, and want to reserve an allocation, DM a teammate or comment "RESERVE" below! ⤵️
This deal won't last long. First come, first served.
Baron Davis retweeted
Assuming a 10% down payment, Austinites now need an income of $149,000+ to “comfortably” afford a home.
Up from $84,000 pre-Covid. About a 77% jump in just 4 years.
As always @NewsLambert puts out a great news letter with amazing info.
Going to be sharing real estate opportunities here this year. Follow along to see some awesome deals coming down our pipeline.
We have a wonderful multifamily deal under contract in Dallas. The property is below market/replacement cost, and in a highly sought-after school zone. Targeted net IRR of 19% and CoC of 7.1% - this is a great opportunity to get into real estate investing. DM me if interested!
Oysters with the bros #oysterswithtgebros @gyroeater @unclebob92 @gobbo_baggins
Baron Davis retweeted
If the weather allows, @HarvardBaseball will kick off it's home-and-home with Dartmouth tomorrow: gocrimson.com/sports/bsb/201… #GoCrimson
If you think you are going to an ugly sweater party this year, check this out lol. curebit.com/x/2kWXuG