Home depot catalog 2022
PC Modding
2012.02.10 18:05 PC Modding
A place for community members to show off their customized PCs, discuss new ideas for their rigs and look for help getting their dream project off the ground. Not for assembly or troubleshooting , but modification!
2009.08.31 11:33 Visual Novels
A community for discussing visual novels and the visual novel medium.
2011.12.10 09:21 Stencil Templates
Stencil Templates is a home and archive for the digital copies of stencils. We seek to produce and catalog all stencil templates in the world in one easily searchable place. We have two rules: follow the tag system and be excellent to each other.
2023.03.25 04:42 NalTheNightmare_9875 Nah because why'd they have to call me out like that ššš
2023.03.25 04:26 iderzer Impact Wrench Auto vs HD Bundle
How does a cordless auto impact wrench vary from the one that comes in a standard Home Depot 2 drill kit?
I just realized I have one while Iām looking at putting a lift on my Jeep.
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iderzer to
Tools [link] [comments]
2023.03.25 04:18 jenjenpigpen What is a procedural claim?
| I just noticed this procedural claim. I believe this date (October 31, 2017) was the date I filed my very first claim. I have an icrease claim in for PTSD-MST, but it has not updated since Nov. 2022. submitted by jenjenpigpen to VeteransBenefits [link] [comments] |
2023.03.25 04:14 MrBuckBuck (Plenty of Records) Fun facts & stats from the Wizards' 136-124 win over the San Antonio Spurs
A song for the current mood - Robert Miles - Children. Teams:
- The Wizards are now on a 33-41.
- The Wizards are currently 17-19 at home games & 16-22 at road games.
- The Wizards are now 17-20 in the year 2023 (17W & 21 L) - from 16-21 to 33-41.
- The Wizards are now 5-11 since the All-Star break.
- The Wizards are now 4-6 without Kyle Kuzma.
- The Wizards are now 12-15 since the trade with Rui Hachimura (12 W & 15 L). Before the trade, the Wizards were 17-13 (17 W & 13 L) with him (in games he played), and 3-13 (3 W & 13 L) in games he wasn't playing. Overall, the Wizards were a 20-26 record before this trade.
- The series between the 2 teams ended tonight: 2-0 to the Wizards. A sweep.
- The Wizards won their last 2 games vs. the Spurs after losing 4 straight beforehand.
- The Spurs lost their last 3 games, including 4 out of the last 5.
- The Spurs lost their last 3 games by a combined margin of 83 points (36 & 35 margin loss in their last 2 games before tonight).
- The Wizards finally won after 4 straight losses, including 7 losses in their last 9 games previous to tonight's game.
- The historical head-to-head matchup during the regular season - Washington Wizards vs. the San Antonio Spurs: 36-65 to San Antonio Spurs.
- The Wizards are 5-25 when an opponent scores 117 points or more against them this season.
- The Wizards scored 136 points tonight, their 3rd most of the season.
- The Wizards had 4 different players scoring 20+ points tonight: Corey Kispert with 26 points, Delon Wright with 24 points, KP with 23 points & Deni with 21 points.
- The Wizards had their first game this season with both 60%+ from the field & 50%+ from the 3PT.It's the first time since October 30th, 2019 - 158-159 loss to the Rockets (The only time the Wizards lost while scoring 60%+ from the field & 50%+ from 3 in their franchise history.
- The Wizards had their 3rd 60%+ FG game of the season (51/85 FG), and for the first time with 50%+ from 3PT, with 15/30 from 3PT tonight (50%) - tying a franchise record for 60%+ FG games in a single season from the 1987-1988 season.
- It was the Wizards' 40th game shooting 60%+ from the field in their franchise history.
- Overall, the franchise had Statmuse (incomplete because it's from the 1979-80 season): 1 60%+ FG game as Chicago Packers (62-63: L). 2 as Baltimore Bullets (64-65: W, 72-73: W). 23 as Washington Bullets (games not included in Statmuse - 74-75: W, W, 75-76: W, 76-77: W, 77-78: W, 78-79: W). 14 as the Washington Wizards. It sums up to 40 games of 60%+ - 35-5 record (35 W & 5 L). I also checked season by season here to verify it - including Washington Wizards/Bullets, Chicago Packers, Zephyrs & Baltimore Bullets. Another fun fact, in the month of January 1988, the Wizards had 3 games in 10 days they scored 60%+ from the field - their only 60%+ FG of the season. The 3rd game was on January 24th, 1988 vs. the 76ers ended in 131-99 W. Source. I also checked season by season here to verify it - including Chicago Packers, Zephyrs & Baltimore.
- The Wizards are now 15-1 in their franchise history when they are 60%+ from the field & 50%+ from the 3-point land.
- The San Antonio Spurs had their 15th game of the season with 50+ rebounds.
- The Wizards had fewer than 10 turnovers in 3 out of their last 4 games.
- It's the first time an opponent scores vs. the San Antonio Spurs exactly 136 points, but it's the 12th time this season an opponent scores 136+ points vs. the Spurs, which translates to a 0-12 record in this scenario (0-13 in 135+ points as well).
- It was the 7th time this season that an opponent scores 60%+ from the field vs. the Spurs, and in all but one of these cases, the opponent shot 50%+ from 3PT - including tonight. It's actually the 2nd lowest 3PT% when an opponent scores 60%+ from the field vs. the Spurs, as the rests were 51.7% from 3PT or more (once 45.0%). The Spurs are now 0-7 in these scenarios.
- It's the 17th time this season an opponent scores 50%+ from 3 vs. the Spurs, and for the first time, a team scored exactly 50% from 3PT vs. the Spurs this season (once 51.1% & once 48.1%).
- The Spurs had their 4th most assists in a single game this season - 35 assists (for the first time exactly 35 assists too), with just 4 turnovers.
- The Spurs had 4 turnovers tonight - the lowest amount of turnovers they in a single game this season.
- The Wizards had just 7 turnovers tonight - the season's 2nd lowest they had this season, for the 7th time this season.
- Both teams combined for just 11 turnovers this game (4 by the Spurs & 7 by the Wizards) - it's the lowest amount of combined turnovers both teams had in any game this season.
- The Wizards had a season 2nd best of 51 made field goals. That's also the same amount the Spurs had (season 3rd best for them). That's also the most FG the Wizards made when scoring 60%+ from the field this season.
- The Spurs were 9/15 from the free throw line tonight, which is 60% from the FT - that's the lowest FT% a team had against the Wizards this season, so far. It's also the 3rd least amount of free throws made against the Wizards this season.
- The Spurs scored 64 points in the paint vs. just 58 points in the paint by the Wizards - that's 50.8% of their points tonight scored against the Wizards (out of 124 points).
- The Spurs had 19 2nd chance points vs. just 13 2nd chance points by the Wizards, 9 fastbreak points vs. 8 fastbreak points by the Wizards.
Players:
- Bradley Beal missed his 24th game of the season after reaching his 50th game of the season a few days ago. Kyle Kuzma missed his 10th game of the season, including 9 out of his last 22 games. Both players missed together two consecutive games.
- The Spurs came tonight quite injured, missing Devin Vassell, Jeremy Sochan, Khem Birch, Charles Bassey, and Romeo Langford.
- Corey Kispert was in the starting lineup for the 37th time this season, while Deni Avdija had his 36th.
- Corey Kispert had a career-high of 26 points tonight, breaking the 25 points he had twice in his career - once this season & once last season. Of course, it's also a season-high for him. He also tied season-high FGM (9 - also tying career-high) & FGA (14). He also had a career-high of free throw attempts in a single game - 5 free throw attempts.
- Both Deni Avdija & Corey Kispert had career highs in points vs. the Spurs this season - Deni Avdija had 25 points on January 30th, 2023 - 127-106 W, and tonight Corey Kispert improved his career-high from 25 points to 26 points.
- Corey Kispert tied his career-high of 6 3-pointers made, which is also a season-high for him, as he had 5 3-pointers twice this season. That's despite coming to this game 2/12 from 3 in his last 2 games (16.7%), that's also more 3-pointers than what he scored in his previous 3 games, combined (5 3-pointers)!!!
- Corey Kispert was 2/5 (40%) from the free throw line tonight - it's the first time in his NBA career that he missed more than a single free throw in a single game (!!!)
- Corey Kispert's 40% from the free throw (2/5 FT tonight) is the lowest he had when he made a single free throw or more.
- Delon Wright had a season-high of 24 points, that's the most he scored since January 25th, 2021, as the Pistons won under his leadership over the 76ers 119-104 - he had 28 points back then, which still remains as his career-high.
- Delon Wright had a season-high in field goals made - 9 FGM & field goals attempted with 14 FGA
- Delon Wright had a plus/minus of +26 tonight - a season-high (he had +25 previously).
- Until tonight, Delon Wright hasn't scored more than 7 points in each of his last 6 games (2,0,4, 4, 2 & 7 points).
- Delon Wright scored tonight 24 points - that's more than what he scored in his last 6 games, combined (17 points)!!!!
- Kristaps Porzingis had 4 blocks tonight, and he had 2+ blocks in 6 out of his last 7 games (4 times 2 blocks & twice 4 blocks, including tonight).
- Kristaps Porzingis is now 25 from 25 at the free throw line in his last 5 games (including tonight's 7/7 FT).
- Kristaps Porzingis didn't play in the 4th quarter, but he still had his 44th 20+ points game of the season - a career-high.
- Kristaps Porzingis had his 10th game of the season with exactly 5 assists (season 2nd best, he had 7 assists once).
- Kristaps Porzingis had 0 personal fouls tonight, for the 4th time this season.
- Kristaps Porzingis scored his 1,422 points of the season - keeps on shattering his total points in a single season (which was 1,196 points in his sophomore year, in 66 GP). If he maintains this, he will also break his PPG record of 22.7 (48 GP), which currently stands at 22.9 PPG.
- Deni Avdija had his 10th double-double of the season (9th with points & rebounds, once with points & assists (1 reb away from a triple-double)).
- Deni Avdija had his 5th game of the season with 20+ points, two of them vs. the Spurs (including 25 points career-high that still stands). 5 games with 20+ points for Deni Avdija is also a career-high for 20+ points in a single season (he had it once in his rookie season & once in his sophomore season).
- Deni Avdija had the 3rd game of his career with 20+ points & 10+ rebounds, and also for the 2nd time this season (he did it once last season).
- Deni Avdija had his first 20+ points game without scoring a single point from the free throw (0/1 from FT tonight).
- Deni Avdija ended his series vs. the Spurs this season with a combined 46 points on 19/26 (73.1%) shooting from the field, 5/8 from 3PT (62.5%), 3/5 FT (60%), 20 rebounds (1 offensive rebound), 7 assists, 2 steals, a block & 4 turnovers (2 each), 8 personal fouls (4 each) & a plus/minus combined for +25 (+25 last game & 0 tonight).
- 46 points combined points Deni Avdija had vs. the Spurs this season, is the most combined points Deni Avdija scored against any NBA this season - whether the other teams he faced he played 2, 3, or even 4 times. He can break this record vs. the Bucks on April 5th, 2023 - he scored, 11, 12 & 17 points against them this season, so far (40 combined points). The Spurs are the only franchise in Deni Avdija's career that he scored against 20+ (or 21+ points) in each of the games during a season-series - that's also a new career milestone.
- Deni Avdija had 2+ assists in his last 12 games.
- Deni Avdija had his 12th 15+ points game of the season, as well as his 31st game with 10+ points this season.
- Deni Avdija is 8 from 14 in his last 4 games, including tonight - that's 57.1% from 3PT. Also, he has a nice mathematical sequence of 3-pointers made: 1, 3,1 & 3 tonight.
- Jordan Goodwin scored 17 points tonight - tying his career 2nd best, and the most he scored since his career-high of 19 points on December 9th, 2022 - 111-121 L to the Pacers. A coincidence, he also had a plus/minus of +17.
- It was only the 11th game this season Delon Wright didn't have a single steal (out of 44 GP), and the 5th straight game without a single steal.
- Johnny Davis played for 7 straight games - a career-high.
- Johnny Davis tied his career-high of 4 personal fouls (did it 3 times this season).
- Out of 65 GP this season by Kispert, he was 0% from 3PT only 6 times, & 15 times between 0% to 20%, 8 times shooting 33% from 3PT out of 17 games shooting between 20%+ to 40% Overall, he has 36 games shooting 40% or higher this season, including tonight 6/9 (66.7%).
- Deni Avdija & Corey Kispert had 20+ points games tonight, but both had a plus/minus of 0, each.
- Johnny Davis was 0/1 from 3PT tonight, which means he is 1/13 (7.7%) from 3PT this season.
- Johnny Davis scored in each of his last 6 games.
- Johnny Davis had the 5th assist of his NBA career (he also never had more than 1 assist in a single game this season).
- Monte Morris had the only negative plus/minus on the team with -14 in 19:02 minutes.
- It's the 12th straight game of Deni Avdija without a single block.
- Deni Avdija had only one block in his last 18 games. The last block was on March 2nd, 2023 - 119-108 W over the Raptors.
- Deni Avdija had offensive rebounds only once in 7 out of his last 8 games (he had 3 offensive rebounds once), accumulating in the process 52 defensive rebounds & 3 offensive rebounds.
- Monte Morris just played 19:02 minutes tonight, the lowest he had since March 8th, 2023 - 120-122 L to the Hawks.
- Kendrick Nunn didn't play tonight after 4 straight games he did (including 5 out of the last 6).
- The rookie Julian Champagnie had a career-high of 12 points tonight - 5/8 FG (1/4 3PT & 1/1 FT), as well as career-high 5 field goals made. His previous career-high was 11 points not so long ago vs. the Hawks - on March 19th, 2023 - 118-126 W.
- The rookie Julian Champagnie had a career-high of 2 blocks tonight - that's the same amount of blocks he had until then in 6 games, combined.
- The rookie Blake Wesley had a career-high of 8 assists tonight (he had 7 assists previously). Though he didn't score tonight. He also had only 2 turnovers.
- Blake Wesley had his 5th game of the season ending up with 0 points - 0/6 from the field tonight worst shooting night in terms of not making any shots (he has 4 times 0/2 from the field).
- Keldon Johnson had his 8th 30+ points game of the season - that's a career-high, and the Spurs are now 4-4 in this scenario.
- Keldon Johnson also had his 2nd game of the season with 30+ points & 10+ rebounds.
- Keldon Johnson also had his 42nd 20+ points game of the season - a career-high.
- Tre Jones had his 2nd season best in assists, with 12 assists tonight (for the first time this season, he had exactly 12 assists in a single game) & with impressive 0 turnovers.
- Tre Jones had a career-high of 12 assists with 0 turnovers - he never had more than 10 assists with 0 turnovers.
- Keita Bates-Diop had a season-high of 20 points tonight (was 18 points until tonight) - his first 20+ points game of the season, and the first time he scored 20 points or more since February 26th, 2022 - 129-133 L to the Heat.
- Doug McDermott tied his season 2nd best of 14 field goal attempts (4 times this season) and scored 18 points tonight - 4th best this season.
- 15.5 PPG with his 14 games with the Spurs before this game, Devonte' Graham, scored just 5 points tonight - that's the lowest he had in 15 games (5 points with the Pelicans in the 113-122 L to the Nuggets on January 31st, 2023), after also scoring 10+ points in his last 12 games, including 13 out of the last 14 games.
- 5 points It's also the lowest amount of points Devonte' Graham scored for the Spurs this season, after scoring 9 points or more in his last 14 games, with 13 games with 10+ points (out of 14).
- Malaki Branham had his 22nd game of the season with 10+ points, and 11th with 15+ points (15 points he had tonight).
That was some high-protein efficient food!
Peace.
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2023.03.25 04:08 pizzatacotruck69 Milwaukee m18 jigsaw and m18 multi tool combo
My buddy wants to to sell me these with a 5ah battery for $200. Good deal? Home Depot doesnāt seem to have any free tool with battery deals right now
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2023.03.25 04:04 flightmode88 I broke her vibrator...
I (HLM 34) had a fight with my wife (LLF 33) while on holiday because I called my mum for 30 mins while she was getting ready for dinner, which apparently makes me the biggest arsehole in the world. She stormed off and I didn't follow her, and in a moment of annoyance I snapped her vibrator in half. I feel like a dick but it was also kind of liberating.
We used to be so sexually compatible; fucking every chance we had, trying kinky stuff and both enjoying ourselves A LOT.
And then we got married.
I always thought the marriage thing about sex was a joke, but apparently not. All she cares about now is decorating the house and buying new clothes that she doesn't really fit into.
I bought the vibrator a few years ago as something soft to stimulate her clit during PIV as I was going through some premature ejaculation issues at the time. But now it only gets used by her when I'm at work. I used to have a bit of an unhealthy relationship with porn & masturbation (hence the Pre Ej), but now I'm clean; no porn, no wanking. We last had sex on NYE 2022 and I've given myself the tug twice since then. She still complains that we never have sex and that me wanking is so disrespectful to her, yet she can do it as much as she likes. I'm horny & available every hour of every day, but she says she only wants it if I'm romantic, take her out to dinner and compliment her, however even if I do all these things, she's already asleep before I've even taken my shoes off at the front door. I offer her cunnilingus all the time, make sure I have an athletic body and keep myself trimmed & hygienic 24/7.
I know divorce is the obvious choice, but as she's currently financially-dependent on me (we just moved 600 miles for my job), I don't want to be a complete cunt and drop her now, but the complaining about a lack of sex but never wanting it has made me upset.
Anyway, she hasn't seen the vibrator yet, and when she does I'm going to pretend it must have been broken during transit on the flight home, but I guess I'm probably going to have to fork out Ā£50 next week to buy another one... š
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2023.03.25 04:03 ChaosReignUnderUs Matchday Thread: All Games 3/25 (March 25)
2022-23 Raul Briones Cup Quarter-Finals (2nd Leg)
Time (Eastern Time) | Home | Away | Link |
10:00 PM | CAPISTRANO FC | FC UNITED KINGDOM | - |
NISA Nation
Time (Eastern Time) | Home | Away | Link |
3:30 PM | SC UNION MARICOPA | TEMECULA FC | - |
10:00 PM | OLYMPIACOS CA NN | LOBOS FC | - |
Eastern Premier Soccer League
Time (Eastern Time) | Home | Away | Link |
7:00 PM | Kensington SC | Albion SC Delaware | - |
Southwest Premier League
Time (Eastern Time) | Home | Away | Link |
6:00 PM | SC UNION MARICOPA RESERVES | ARIZONA SAHUAROS | - |
8:00 PM | SC SAGUAROS | ARIZONA MONARCHS FC | - |
8:00 PM | SANTA CLARA SPORTING CLUB | DUBLIN CELTIC FC | - |
9:15 PM | LA AZTECS | IE REPUBLIC FC | - |
11:00 PM | VALLEY 602 | MULENGE F.C. | - |
11:00 PM | BAY AREA UNITED | JASA RWC | - |
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2023.03.25 03:58 Scorpio962016 Does my (F26) co worker (M27) have a slight crush on me? Or did he ask this out of curiosity?
We met on the first week of December 2022 and hit it off, from the beginning, in terms of conversation flow and being able to relate to each other as the youngest individuals in the office.I always kept a friendly demeanour with him, but hence we are on opposite sides of the office, and he always walks over to my end to speak with me and check in; further, he chats with me from morning to afternoon via our work messenger, and we also did exchange number in case we had to discuss work absences and so forth.Furthermore, I do not drive to work; we made a deal that I would give him weekly gas money for dropping me home after work, so that has worked out for us. He compliments my clothes and compliments my new hairdo and nails when he notices.I did help him create a hinge account two months ago, but he told me he hates online dating so far based on experience.
We have a pretty friendly banter, and my manager has even pointed out that we have a good working relationship, but it has crossed my mind that maybe he has a slight crush on me? But then I'm not the kind of girl he says he is attracted to.Overall it's been fun working with him as we do lots of teamwork, he also shares lots of personal things with me in terms of struggles etc... He had even called me when I was off from work to check in, and overall checks in on me and follows up with what I tell him. We also at times text each other throughout hockey games and outside of work, and he has invited me out to brunch twice before work.He is an amiable guy who can start a conversation with anyone, so I'm assuming he is being friendly. Still, I would appreciate some insight, as 2 days ago he sent me a text message randomly after work asking me if I like him more than friends. I did not answer the question but asked him he did have a crush on me? He never answered and kept deflecting the answer and said he was simply curiously asking, as my music choice in his car was pretty lovey dovey. I then sent him a follow up response, saying I did like him a bit as more than a friend, but would not act on it at this time, so he said either way he was fine but never confessed if he did see me as more than a friend or not.
Today he invited me out to brunch before work and I brought it up, and he said let us leave it at that, and refused to discuss further, around this topic and was a bit moody as well.
Thank you for the insight.
He is 27. I'm 26.
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2023.03.25 03:57 NikoButUngood FT: Enamorus LF: Shiny Alolan Raichu (I'm on mobile)
2023.03.25 03:54 terracottalady How do I claim a child that someone else has claimed
My mentally is daughter is over 18 and lives at home with me. She can't hold down a job and I support her. I always claim her. In 2021 she got pregnant and I allowed the father of the baby to move in with us. Through out the year he worked maybe 7 or 8 weeks at a pizza place part time. He did not contribute anything, I fully supported him as well.
The baby was born near the end of December and I paid for any expenses and supported the baby as well. In January the boyfriend broke up with my daughter and moved out. Later on I was told that he filed and claimed the child on his taxes. Someone originally told me that I claiming the child is first come first serve, especially since I am not a parent. I am that far behind that I am now dealing with 2021 taxes. My preparer tells me that I will have to include a letter with my return explaining why I feel that I should claim the child. What should I say, is this going to be a big battle.
2022 will be easier since the mom and baby lived with me and dad was not in the picture
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2023.03.25 03:51 madmag23 UEFA European Championship Qualification Round Group A
Saturday 25 March 2023 (GMT +7)
Scotland vs Cyprus
Scotland and Cyprus will open their campaign in the European Championship qualification at Group A by facing each other at Hampden Park, Glasgow this afternoon. Steve Clarkeās side comes into this match on the back of their impressive run at UEFA Nations League campaign (W3 D1) and the public of Scotland would love to see their team build on that performance by getting off a good start in this Euro campaign. The visitor Cyprus has shown some good results under their new manager Temur Ketsbaia (W2 L2) and they will have the courage to take the game to Scotland in this match. But Scotland has the qualities in their squad to brush off Cyprus challenge with the likes of Andrew Robertson, Aaron Hickey, John McGinn, and Che Adams are available for selection in this match. Interestingly, Scotland won the last three meetings with Cyprus with an identical score of 2-1. Will there be a fourth 2-1 scoreline after this match? We donāt know yet but there is a good chance Scotland will open this Euro qualification campaign with three points.
Prediction: 55 ā 45
Sunday 26 March 2023 (GMT +7)
Spain vs Norway
In his first game as Spain's head coach, Luis de la Fuente will oversee La Roja's Euro 2024 qualification game against Norway on Saturday night. Replacing Luis Enrique after a disappointing 2022 FIFA World Cup campaign, he has the weight of public expectation in his hand for a successful Euro campaign this time. Interestingly, It will be a very different team from the competition in Qatar because De la Fuente only kept 11 of the Spain team from the Work Cup and chose 15 new players.
Iago Aspas is also back in the squad thanks to his performance for Celta Vigo this season (12 goals in La Liga), while both David Garcia and Joselu will also be vying for their first debuts. Meanwhile, Stale Solbakkenās side will be determined to make it into the final stage of UEFA European Championship as they have been absent from the finals since 2000. Worryingly, Norway will be without their superstar Erling Haaland in this match as he pulled out of squad with a groin injury. Alexander Sorloth who had a good season with Real Sociedad (scoring 9 goals in La Liga) will be relied upon up front to score goals for the Lions in this match. Supported by the captain Martin Odeegard and Mohammed Elyounoussi on the flank, Norway will try to make things difficult for Spain here. Nevertheless, Spain is unbeaten in the last three meetings with Norway (W2 D1). All eyes will be on how this fresh-looking Spain side will fare against Norway who will be without their powerful striker Erling Haaland and I think the home side will edge this one out.
Prediction: 55 ā 45
DISCLAIMER:
1. This prediction content comes from a third party and is for reference only. I am not responsible for any wins and losses generated by members using these tips.
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2023.03.25 03:45 ClevelAndy62 Winning is the worst thing that can happen.
I self excluded from my home state in May 2022. I didnāt come anywhere near gambling for 2 months, then powerball hit $1B and I bought $20. No big deal since slots are my vice. I stayed ācleanā for a few months with the occasional scratch off or lotto ticket here and ther and then was traveling for work and stayed near a casino. Went and lost $1000. A month later, same thing but with $2000. I had all of those same feelings of shame, guilt, anger, regret, all of it.
January 2023, Iām traveling again and go to a casino and hit for $3200 and shockingly left after this, Iām on top of the world. I canāt lose. February 2023, on the road, lose $2000 in a casino. āIāll never do it againā
2 weeks later, different state for work, went on a 6hr bender at the casino and walked out up $7300. Biggest jackpot Iāve hit in my history of gambling and Itās the worst thing thatās happened to me. In the last 3 weeks, Iāve lost it all plus about $6000 more bc Iām chasing the high of that 6hr bender.
I am struggling so hard to quit again bc now I know winning is āpossible.ā Even tho I know itās not. Itās like the logical half of my brain canāt get thru to the addict part and idk if it ever will.
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2023.03.25 03:41 jadenwu39x The Home Depot Promo Code of 2023
Here is the
The Home Depot Promo Code of 2023 Are you looking for a way to save money on your next home improvement project? Look no further! With the right promo codes, you can save big on your next purchase from The Home Depot.
The Home Depot is one of the leading home improvement stores in the country, offering a wide selection of products and services at competitive prices. Whether youāre looking for tools, hardware, appliances, or even furniture, The Home Depot has it all. And with their promo codes, you can save even more.
Promo codes are special codes that you can use to get discounts on your purchases. These codes can be found on various websites, including The Home Depotās own website. To find the best deals, all you have to do is visit the page dedicated to promo codes. Here, youāll find a variety of codes that can be used to save money on your next purchase.
The Home Depot promo codes are easy to use. All you have to do is enter the code at checkout and youāll instantly get a discount on your purchase. Itās that simple!
So, if youāre looking for a way to save money on your next home improvement project, make sure to visit the page dedicated to The Home Depot promo codes. With the right code, you can save big on your next purchase.
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2023.03.25 03:39 Disastrous-Bottle636 Looking for advice on cards to maximize my cash back potential.
Here is the line up of cards I use for rewards today: Verizon Card - 4% Grocery & Gas,
Venmo Card - 3% Utilities,
Discover It - 5% on the quarter spend category,
Amazon Card - 5% Amazon,
Target Card - 5% Target,
Apple Card - 2% Apple Pay purchases,
Other cards I own: Delta Reserve, Chase Bonvoy, Citi Diamond Preferred, Best Buy, Home Depot, Belk, Discount Tire
I was thinking of adding two more cards to cover gapsā¦
AMEX Blue Cash Preferred for groceries/streaming. I am a single parent of two kids so my grocery bill is legit.
X1 Card to cover my two daughters private school tuition after the tax free $10k from 529 and $5k for dependent care account; leaves about $20k in spend on the card. Thought it would build up nice rewards.
What say you? Any better suggestions?
Income: $375k FICO: 750-780 Length of Credit: 20 years
Side note. Capital One has always hated me and never approved me for anything. No clue why.
submitted by
Disastrous-Bottle636 to
CreditCards [link] [comments]
2023.03.25 03:35 Scaahht [H] Maid of Sker, Railroad Corporation, Golf Gang, Forgive Me Father, Industria, Shapez + DLC and more [W] Sable, Hellblade, Gotham Knights, Flynn Son of Crimson, Demon Turf, Monster Crown, more and offers
Games I Have to Offer:
Humble Choice October 2022 - Maid of Sker
- Railroad Corporation
- Golf Gang
Humble Choice September 2022 - Forgive Me Father
- Industria
- Shapez
- Shapez - Puzzle DLC
Leftovers - 10 Second Ninja X *
- 11-11 Memories Retold *
- Automachef *
- Crashlands
- Cyber Hook *
- S.W.I.N.E. HD Remaster *
- Traffic Jams
- VVVVVV *
* Can trade multiple games that are starred for one of your games.
Games I'm interested in:
Currently Bundled:
Previously Bundled: VR:
- Into the Radius VR
- Until You Fall
Non-VR
- Cat Lady - The Card Game
- Cattails
- CrossCode
- Dead Estate
- Ghost of a Tale
- Gurumin: A Monstrous Adventure
- Hellblade: Senua's Sacrifice
- Hollow Knight
- Katamari Damacy REROLL
- Mutazione
- Oceanhorn: Monster of Uncharted Seas
- Owlboy
- Serin Fate
- Stardew Valley
Not previously bundled: VR:
- Boneworks
- Bonelab
- Cosmonious High
- Garden of the Sea
- Kingspray Graffiti VR
- Tentacular
- Zenith: The Last City
Non-VR:
- Black Skylands
- Cozy Grove
- Despot's Game: Dystopian Army Builder
- Eastward
- Garden Paws
- Inscryption
- Klonoa Phantasy Reverie Series
- Legend of Mana
- Monster Hunter World: Iceborne
- No Straight Roads: Encore Edition
- PAC-MAN WORLD Re-PAC
- Re:Legend
- SaGa Frontier Remastered
- Strange Horticulture
- Stray
- The Gunk
Delisted games: I'm open to other offers as well :)
Here's my full wishlist if that helps.
submitted by
Scaahht to
SteamGameSwap [link] [comments]
2023.03.25 03:30 SmooSat_Official [#SmooSatProTips]Staying Safe on Your Electric Scooter: Top Safety Practices for Daily Commuting
| https://preview.redd.it/lzp2hf7i0opa1.png?width=1080&format=png&auto=webp&s=b7eec5c9d9d20968d2ad0a762831e883ca4e1f1e Riding electric scooters is becoming more popular daily, and we can already see how this could revolutionize how we travel in cities. It is not only practical, but it helps reduce traffic congestion. Riding an e-scooter isn't all rosy and colorful despite all the potential. Just in the US alone, 39.113 people were hurt while riding them in a span of four years. Making it more alarming - throughout this time, 365% more hospital admissions were connected to e-scooters (from 313 to 1374), as reported by two researchers from the University of California, San Francisco. So, in this article, we will cover the top safety tips and practices when riding an adult electric scooter. - Why should you Adopt Safety Practices when riding an Electric Scooter - Top Safety Practices for Daily Commuting on Electric Scooters - Always wear a Helmet
- Do not Multitask during a Commute
- Decelerate when Turning
- Inspect the Scooter every Morning with Emphasis on the Brakes
- Install Lights if you Ride After Dark
- Parting Remarks Why should you Adopt Safety Practices when riding an Electric Scooter? Almost 80.2% of injuries related to using e-scooters were caused by falls, according to a study from the University of California, Los Angeles (UCLA) ā one of the most revered research institutions in the US. It is reasonable to believe that the riders were at fault in most of these incidents. There will always be external factors (like cars and motorbikes) that you cannot influence, but doing your best to maximize what you can, will go a long way. https://preview.redd.it/7ipepdpj0opa1.png?width=1490&format=png&auto=webp&s=9abe87c00160e1f91399c4f011df4137cfd6c86f Data Source: Injuries Associated With Standing Electric Scooter Use. JAMA Netw Open. 2019āā Top Safety Practices for Daily Commuting on Electric Scooters 1. Always wear a Helmet There are always factors beyond your control when riding a powerful electric scooter for adults. Human mistakes and inattentive driving are constant problems. While not all accidents can be avoided, how you position yourself in the case of one is essential. The answer is safety gadgets and, most importantly - helmets. The difference can be as stark as life and death. The most crucial safety gear is a suitable helmet, which should always be worn. According to the UCLA study, the most common injury was head trauma at 40.2% of the sampled riders who did not wear safety helmets. 2. Do not Multitask during a Commute When users of electric scooters become overconfident, they may believe that as long as one hand is on the throttle, they can simply use the other hand to browse their phone or perform another task. This is a severe error. Instead of slowing down, simply stop and take out your phone to text or do something else if you must. We regularly alter our balance points while riding by using both hands to make tiny modifications. We only have one hand to correct when one (or both) hands are removed from the situation, making it difficult if the lightweight electric scooter tints in the wrong direction. So always stay focused with both hands on your electric scooter. 3. Decelerate when Turning Looking back over one's shoulder is one of the situations in which a lot of accidents occur. It is a frequent practice to check to see if any vehicles are following you before a turn. The problem is that you may quickly lose equilibrium when your body weight and focal point change. When your body is out of balance, and you're gazing behind, it's nearly impossible to make all the minor balancing adjustments you do when riding a lightweight electric scooter. Always slow down when glancing back to reduce the risk. Keeping balance on the electric scooter will be much simpler, and if you fall, the blow to the ground won't likely be as severe. We advise stopping and taking a position if you are looking back to cross the street because a speeding car close by could easily throw you off balance. 4. Inspect the Scooter every Morning with Emphasis on the Brakes Due to wear and tear from use, electric scooters occasionally need maintenance, much like any other motorized vehicle. Although your scooter could be ready to use right out of the box, it will eventually require some tender loving care to function properly. Hence, it's crucial to regularly inspect your scooter and familiarize yourself with it before riding. The most crucial things to check for are: Are the brakes working fine? Are the tires properly inflated? Is the folding function nice and tight? Of all three, brakes save lives almost every other day in the grand scheme of things. This is not just sound advice, but the U.S. Consumer Product Safety Commission (CPSC) CPSC itself officially recommends testing your brakes before an electric scooter commutes and knowing how much length and time it takes to come to a complete stop. 5. Install Lights if you Ride After Dark One thing we want to suggest right off the bat is to try to avoid riding in the dark after sunset anyway. This is because you may have taken all precautions, but other vehicles around you can be not as responsible and cause you harm. We at SmooSat, consider safety a paramount attribute. Still, if you have to ride in the dark, we have a few recommendations and tips. For visibility in low-light conditions, external lighting is essential. In addition to being able to see the road ahead when you're out at night, you want other people to be able to see you. Most lightweight electric scootersā front lights (if available) lack the wattage necessary to illuminate the path in front of you adequately. Thus, we strongly advise getting an external one with higher lumens and mounting it on your handlebar. As taillights indicate your position, they don't need to be as bright as headlights to illuminate the road ahead. The lights on your e-scooter are frequently bright enough, but their low position close to the ground can be an issue. You might want to consider purchasing something to fasten to your shirt or backpack. Parting Remarks In the hands of a careless or dangerous rider, no vehicle is secure, including a lightweight electric scooter. What makes things complicated is where and how you ride, at what speeds, as well as the lack of safety equipment. This is why we at SmooSat design our lightweight electric scooters for adults like the SA3 Prime and extremely powerful electric scooters like our SmooSat MAX with the highest priority in safety with zero compromises to brakes and other safety components. If you are interested, we welcome you to read through our entire catalog in a comprehensive guide for a broader understanding of safety measures taken from the brandās side and what the venerable media platforms are saying about us. Concluding Remarks According to one research team, a high-capacity battery electric scooter with a 93-mile range costs around $0.45 to charge fully. With typical usage, this comes to roughly $7.30 annually, significantly less expensive than even filling up one gas tank. All of this adds up to an estimate that one dollar of electricity can go between 350 and 900 miles, which is unfathomable to owners of cars. Most of the staff at our company use the SmooSat SA3 Prime adult scooter, purchased for one-twentieth the price of a vehicle. Hence, electric scooters make perfect sense in city commuting. Additionally, there are astronomical combined expenditures of parking, tax, and car insurance as opposed to electric scooters. submitted by SmooSat_Official to SmooSat_Official [link] [comments] |
2023.03.25 03:25 AutoModerator 15 Work From Home Jobs That Are Always Hiring! (2022)
2023.03.25 03:22 BadTakeBrian Enterprise Group ($E.TO, $ETOLF.OTC): Cash Flow Machine, Deep Value, Squeeze Potential
| Intro I should start by saying that the search for a company like Enterprise began under the following pretense: I have a bearish view of where I think broad markets are going by the end of 2023 and wanted somewhere to hide out while still maintaining the potential to double my investment under any broad market scenario. Enterprise Group fits that bill. The Company is a niche energy service company that provides site infrastructure services to remote western Canadian production sites for pipelines, construction and oil and gas sectors in western Canada. I believe Enterprise is a fantastic and deeply overlooked company fit for retail investors (like me) who have the ability to enter a position ahead of institutions catching hold of the name. The core thesis on Enterprise is: - Low correlation to broad markets - High growth and 30% cash flow yield - Healthy balance sheet providing ~$20M in dry powder for potential non-dilutive M&A - Share buyback in place to support stock - Unique low-emission fleet of equipment to grow market share - Structural market expansion History Enterprise was founded in 2004, though as it stands today, is a much leaner and higher growth business compared to what it was in the last bull market for energy in 2008-2014. Where many competitors went out of business during the bear market between 2014-2021, Enterprise wisely divested from lower margin business units, preserved its balance sheet and due to its unique fleet of equipment ā was able to maintain cash flow positive during this time. M&A is part of the corporate DNA of Enterprise and has had a successful track record on that front. While others were still reeling from previous years downturn or still trying to repair their balance sheets in 2020/2021, Enterprise was able to utilize the strength of its balance sheet and positive cash flows to countercyclically invest into new business units to position themselves for the eventual return of energy markets we are now experiencing. A great example of this is the launch of Evolution Power in 2022, which offers a fleet of low-emission microgrids that power the entire production site with natural gas, replacing diesel generators. In doing so, EP reduces CO2 emissions by 30%, gives Enterprise higher margins, is safer and more efficient for the customer. As one of the few āgreen optionsā in the energy sector, they are becoming the first choice for larger oil and gas clients subject to Canadaās āheavy emitterā penalties. Market The large majority of Enterpriseās sales are derived from western Canadian energy producers, with a greater share of natural gas producers compared to oil producers within its book of clients. Though Enterprise profits have less commodity risk than their actual producing clients, the Company nevertheless is derivatively exposed to energy prices (though I believe there are some factors that reduce the correlation that I will get into later). After years of producers not investing into large exploration projects due to ESG mandates, regulations and low prices, the outlook on energy markets looks extremely promising for producers and has already begun to see a notable uptick in production levels that are expected to continue for a market that looks undersupplied in years ahead. More specifically to Enterpriseās western Canadian market, there are some very visible demand drivers on the horizon based on new pipeline capacity that provide a near certain increase in demand for services like Enterprise. This demand is structured within tens of billions of dollars of sunk infrastructure capital to provide a roadmap of oil and gas (mostly gas) production expansion in western Canada. Beginning in 2023 with the completion of NGTL network expansion (gas) and TMX pipeline (oil), there will continue to be major new export capacity to come online nearly every year this decade, with recent first nations LNG projects advancing on the west coast. For Canadian gas producers, the pipelines will allow them to access higher priced Asian markets, where prices are often multiples of those received in Canada or the US. You can bet there is going to be prompt increases to production to ship whatever they can to those markets, given the preferred economics. Financials Enterprise just recently released their full year 2022 financials March 20, 2023, where they posted fantastic results. Rather than do a deep dive into financials today, will simply share some important highlights and suggest reviewing their financials below: ( https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020838) https://preview.redd.it/dhuxx4hepspa1.png?width=1080&format=png&auto=webp&s=486a01ec3e2fc8f21628bd6a0a20c0a4607aaa57 Additional items: - Bought back 1.8M shares in 2022 - Secured US OTC listing to increase access to US investors - Renewed buyback program - Available tax losses of $0.17/share - Purchased $5.6M of new equipment - Subsequently signed one of largest contracts in company history in Jan 2023 Share Structure Enterprise currently has 50.3M shares outstanding, with another 5M options exercisable at $0.45. Notably, management/board were buyers in the open market over the last few years and now hold over 40% of all shares outstanding. This is where I think it gets uniquely attractive for us retail investors. Since the last energy cycle, nearly all of the research analysts that covered the sector have moved on, meaning the few analysts left covering the space are focused on large-cap players and there are none covering companies the size of Enterprise. There is a window for retail to build a position in a hugely profitable company with a tight share structure subject to a potential squeeze before institutions begin to take notice. Finally ā and maybe most importantly ā 2022 saw a unique trading dynamic occur due to a large shareholder selling down their position. This shareholder accidentally accumulated a >10% ownership position, unknowingly triggering a requirement to file any purchase/sale of stock (see sedi filings to confirm). That shareholder then spent the entire year reducing their position below 10% but because there was not a large float of shares trading hands, effectively put a ceiling on the stock the entire year and single-handedly compressed the multiple. This does not appear to have been done with ill intent but explains why the stock bounced between a floor of around $0.38 (supported by the buyback) and $0.42 (where the shareholder was selling) despite everything going right for the company operationally. In January, the company bought back the final tranche of shares needed to get that shareholder below the 10% threshold, thereby clearing the way for share price to better track the improving cash flow of the company. Valuation Enterprise is currently trading at a deeply discounted valuation and historically low multiple, which is ironic considering this may be the best market they've ever operated in. As a particular point of reference, a comparison below for the 2020-2022 periods for EV/EBITDA and some other metrics that could influence the deserved multiple such as growth, profitability, and credit risk. Iāve also already listed a few reasons to be bullish on their future market (pipelines coming online beginning this year), which is consistent with managementās outlook from their MD&A that āā¦customers have indicated they will continue to operate at increased activities through the remainder of the yearā. Though a 10-11x multiple shouldn't be expected moving forward, you can see the impact of having a large shareholder exiting with a small float and how a lack of share price movement can lose investor attention. Over the course of a year, Enterprise added over $5M in EBITDA (+175%) and barely saw its valuation change at all! *2022 year using current share price At a current 4.2x EV/EBITDA, Enterprise is trading far below the 6x it has traded in previous cycles and which seems very reasonable as a base case scenario. It would take very little notional buying for that re-rate to occur and for those able to establish a position at these prices, it would represent a 74% return. https://preview.redd.it/90ink2aipspa1.png?width=867&format=png&auto=webp&s=0bfb3069ef4af77b5d3c2f473744dc7437238048 Finally, if Enterprise is seen through a different valuation lens**, the company just released in their earnings that equity holders would be due $0.68/share ($0.39 current share price) if the company simply sold all of their equipment at book value.** Multiple arguments to show that Enterprise is undervalued. Outlook Enterprise has a strong outlook on market fundamentals to support top line growth, increasing pricing power to maintain/increase margins and new revenue potential coming online with equipment additions. Given history of M&A activity, balance sheet flexibility and the fact some targets are still not fully recovered from 2014-2021 period, it would be very surprising if the company did not make one or more acquisitions in the near-future. Management has said as much on their recent twitter spaces interview. Fortunately for equity holders, management does not have to dilute shareholders while its equity remains undervalued. With $20M in unused credit at their disposal (their current market cap), they would have the ability to make a material acquisition without needing any equity at all. Even if they were to make an even larger acquisition, their debt providers are Ninepoint Partners (via Waygar Capital), who are home to none other than Eric Nuttall, who is the largest and most bullish energy fund manager on earth. You can bet that if the right target came along with the right assets/cash flow, Ninepoint would be more than happy to increase the size of that facility if they arenāt able to secure some seller's financing. If we assume a slight liquidity discount on a PrivateCo acquisition, $20M at 3x EV/EBITDA could buy around $6-7M of incremental EBITDA, effectively doubling the ācash flowā of the company before considering any synergies. Prospect of cross-selling new rental equipment would be high. If something like this came to pass and they grew to a $15M EBITDA business, there would undoubtedly be a whole new supply of small institutions that would be interested and could be an attractive buyout candidate for private equity, who theyāre currently competing with for acquisitions. Risk Commodity Risk: This being the most obvious risk to the company. If we were to go back to the dark ages (2014-2021), there would be a material impact on Enterprise financials. I believe commodity risk for Enterprise is mitigated for 3 reasons: - A decade of underinvestment in global energy supplies has the entire spectrum of energy prognosticators projecting supply deficits for oil and continued growth in global natural gas demand. Continued regulatory hurdles, ESG capital restrictions, end of US shale hypergrowth, and return-of-capital mandates by EnergyCo shareholders make it less likely we see reckless supply additions. Adding to that, weāve now got China reopening, OPEC defending prices, and US supposedly refilling the SPR at some point (weāll see).
- Infrastructure Developments: Canada has abundant reserves, with some of the cleanest and lowest-cost natural gas in the world with a painful lack of export capacity. A number of pipeline and LNG export facilities are set to come online, incentivizing a production increase to fill that pipeline. To me, this is the most powerful reason why I believe Enterprise has much lower commodity risk and has been repeated by recent research put out by RBC on the prospects of NE BC natural gas outlook.
- Tier 1 Client Book: Enterpriseās clients are some of the largest energy producers in North America, meaning they plan their development programs with a multi-year outlook that is less sensitive to short term price action. Further, many of its clients are actual providing the supply for LNG Canada (Sinopec, Petronas,
Market Downturn: No doubt we are entering a period of uncertainty, with global liquidity being reduced and the risk of recession on the horizon. I think this should be viewed in two ways: - Operations: Looking back, more often than not a significant global recession is more likely to reduce the rate of growth in oil demand rather than actually reducing demand. Natural gas is mostly used for heating and electricity generation, making it relatively inelastic as well. Global GDP is also more evenly spread between OECD and non-OECD, meaning growing countries like India will be less responsive to tightening financial conditions.
- Share Price: Enterprise is tracking towards a trailing 4x EV/EBITDA, with structural growth catalysts on the horizon (ie. pipelines) and excess cash flow available for buybacks. Even in a market panic, it is likely cash flows can continue to grow, providing continued support to the share price via buybacks.
- Recent meltdown in energy markets had almost no impact on Enterprise share price and would suspect that increased buybacks would be there for support if share price were to slide further.
It is the risk-adjusted return with fundamentals to back it up that make Enterprise special within the micro-cap space. Summary - Operating conditions look very strong for the company based on energy cycle and the foundation of new pipeline-related production increases in western Canada.
- Enterprise is a pure-play on western Canada with major well-capitalized nat gas clients poised for growth.
- Small size and cap structure provide potential for significant torque in share price.
- Enterprise has debt flexibility such that they donāt need to dilute equity at these valuations if M&A opportunities arise.
- Extremely profitable with 30%+ cash flow yield and optionality for buybacks or further investment in expanding equipment fleet for evolution power.
- Significant selling pressure from large shareholder has now ended after tendering shares to treasury in January 2023.
- A single large new shareholder has potential to re-rate the stock to base case of 6x EV/EBITDA multiple.
- Equity re-rate and M&A could see this company become very large, very quickly ā drawing further flows of capital to the name at sufficient scale or be a prime takeout candidate for PE.
Disclosure: I own shares in Enterprise. This is not financial advise. Please do your own due diligence. submitted by BadTakeBrian to SmallCapStocks [link] [comments] |
2023.03.25 03:21 Square_Ad8751 USA: Are professional grade water softeners worth the extra money over big box store consumer products?
Title says it all.
I've heard of The Everything Barn and Joe's Pro Water as sources or pro systems. I wonder if it is true that it's better to get something from Home Depot or Lowe's.
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Square_Ad8751 to
HomeImprovement [link] [comments]
2023.03.25 03:21 throwaways28282882 Why TikTok is being banned
Long time fupa trupa lady and a cybersecurity professional (shoot sorry Sebastian I donāt stay at home) and I thought Iād provide some insight into why Tiktok is being scrutinized.
Within enterprise security (an organization purchases a service from a vendor) the US Secretary of State has a list of countries of concerns. These would include:
Burma, Peopleās Republic of China, Cuba, Eritrea, Iran, the Democratic Peopleās Republic of Korea, Nicaragua, Pakistan, Russia, Saudi Arabia, Tajikistan, and Turkmenistan
The reasons they put these countries officially is because they ādesignate each country that engaged in or tolerated severe violations of religious freedom during the previous year, but does not meet.ā (
State Department) To be honest a lot of the countries on these list are on there for political reasons (I.e Cuba). If a country is on the list you basically arenāt allowed to do business (unless you state a reason or get approval) or have funds given to them. (Which is why people were calling for Syria to be off the list after the earthquakes since donations to Syria were a lot more difficult to occur).
As you can see China is on the list of countries of concern. Itās no secret that the government does a lot of data collection and amongst the cybersecurity community thereās a lot of concerns for American data being harvested and
stored.. Essentially being Chinaās spyware.
Theyāve also been accused of using keyloggers within TikTokās browser. Essentially a keylogger will track your keyboard movements and use that information for malicious reason.
From my perspective a lot of social media can be chalked up to a national security risk, particularly Facebook and Twitter. Tiktok is not the only one that collects and sells data. American social media companies are a national security risk because of the disinformation and data harvesting/selling. Tiktok is a national security risk because an authoritarian government can potentially have access to millions of Americans data. In a corporate/government setting itās why social media is banned on corporate/government devices.
Congress did an extremely poor job in asking the right questions. There are legitimate concerns, but the hearing was ultimately all for political optics. One eye pirate Dan Crenshaw was in my opinion the worst
offender. and the CEO did a good job defending himself. Facebook also put out misinformation about
tiktok all while being responsible for the genocide of the Rohingya people because of the misinformation.
In general there needs to be legislation similar to the EUās GDPR and the CCPA (Californiaās version) that protects users of their right to privacy. Unfortunately a big chunk of Congress doesnāt even understand social media.
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throwaways28282882 to
h3h3productions [link] [comments]
2023.03.25 03:21 jmaca90 If you farm it, they will come.
2023.03.25 03:16 BadTakeBrian Enterprise Group ($E.TO, $ETOLF.OTC): Cash Flow Machine, Deep Value, Squeeze Potential
Intro I should start by saying that the search for a company like Enterprise began under the following pretense: I have a bearish view of where I think broad markets are going by the end of 2023 and wanted somewhere to hide out while still maintaining the potential to double my investment under any broad market scenario.
Enterprise Group fits that bill. The Company is a niche energy service company that provides site infrastructure services to remote western Canadian production sites for pipelines, construction and oil and gas sectors in western Canada. I believe Enterprise is a fantastic and deeply overlooked company fit for retail investors (like me) who have the ability to enter a position ahead of institutions catching hold of the name.
The core thesis on Enterprise is: - Low correlation to broad markets - High growth and 30% cash flow yield - Healthy balance sheet providing ~$20M in dry powder for potential non-dilutive M&A - Share buyback in place to support stock - Unique low-emission fleet of equipment to grow market share - Structural market expansion
History Enterprise was founded in 2004, though as it stands today, is a much leaner and higher growth business compared to what it was in the last bull market for energy in 2008-2014. Where many competitors went out of business during the bear market between 2014-2021, Enterprise wisely divested from lower margin business units, preserved its balance sheet and due to its unique fleet of equipment ā was able to maintain cash flow positive during this time. M&A is part of the corporate DNA of Enterprise and has had a successful track record on that front.
While others were still reeling from previous years downturn or still trying to repair their balance sheets in 2020/2021, Enterprise was able to utilize the strength of its balance sheet and positive cash flows to countercyclically invest into new business units to position themselves for the eventual return of energy markets we are now experiencing. A great example of this is the launch of Evolution Power in 2022,
which offers a fleet of low-emission microgrids that power the entire production site with natural gas, replacing diesel generators. In doing so, EP reduces CO2 emissions by 30%,
gives Enterprise higher margins, is safer and more efficient for the customer. As one of the few āgreen optionsā in the energy sector, they are becoming the first choice for larger oil and gas clients subject to Canadaās āheavy emitterā penalties.
Market The large majority of Enterpriseās sales are derived from western Canadian energy producers, with a greater share of natural gas producers compared to oil producers within its book of clients. Though Enterprise profits have less commodity risk than their actual producing clients, the Company nevertheless is derivatively exposed to energy prices (though I believe there are some factors that reduce the correlation that I will get into later). After years of producers not investing into large exploration projects due to ESG mandates, regulations and low prices, the outlook on energy markets looks extremely promising for producers and has already begun to see a notable uptick in production levels that are expected to continue for a market that looks undersupplied in years ahead.
More specifically to Enterpriseās western Canadian market, there are some very visible demand drivers on the horizon based on
new pipeline capacity that provide a near certain increase in demand for services like Enterprise. This demand is structured within tens of billions of dollars of sunk infrastructure capital to provide a roadmap of oil and gas (mostly gas) production expansion in western Canada. Beginning in 2023 with the completion of NGTL network expansion (gas) and TMX pipeline (oil),
there will continue to be major new export capacity to come online nearly every year this decade, with recent first nations LNG projects advancing on the west coast.
For Canadian gas producers, the pipelines will allow them to access higher priced Asian markets, where prices are often multiples of those received in Canada or the US. You can bet there is going to be prompt increases to production to ship whatever they can to those markets, given the preferred economics.
Financials Enterprise just recently released their full year 2022 financials March 20, 2023, where they posted fantastic results. Rather than do a deep dive into financials today, will simply share some important highlights and suggest reviewing their financials below: (
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020838)
https://preview.redd.it/ea50sup8ospa1.png?width=1080&format=png&auto=webp&s=5f5c7ac56063d95dcd54a4a3d5b09bb337cb12de Additional items:
- Bought back 1.8M shares in 2022 - Secured US OTC listing to increase access to US investors - Renewed buyback program - Available tax losses of $0.17/share - Purchased $5.6M of new equipment - Subsequently signed one of largest contracts in company history in Jan 2023
Share Structure Enterprise currently has
50.3M shares outstanding, with another
5M options exercisable at $0.45. Notably, management/board were buyers in the open market over the last few years and now hold over
40% of all shares outstanding.
This is where I think it gets uniquely attractive for us retail investors.
Since the last energy cycle, nearly all of the research analysts that covered the sector have moved on, meaning the few analysts left covering the space are focused on large-cap players and there are none covering companies the size of Enterprise. There is a window for retail to build a position in a hugely profitable company with a tight share structure subject to a potential squeeze before institutions begin to take notice.
Finally ā and maybe most importantly ā 2022 saw a unique trading dynamic occur due to a large shareholder selling down their position.
This shareholder accidentally accumulated a >10% ownership position, unknowingly triggering a requirement to file any purchase/sale of stock (see sedi filings to confirm). That shareholder then spent the entire year reducing their position below 10% but because there was not a large float of shares trading hands,
effectively put a ceiling on the stock the entire year and single-handedly compressed the multiple. This does not appear to have been done with ill intent but explains why the stock bounced between a floor of around $0.38 (supported by the buyback) and $0.42 (where the shareholder was selling) despite everything going right for the company operationally. In January, the company bought back the final tranche of shares needed to get that shareholder below the 10% threshold, thereby clearing the way for share price to better track the improving cash flow of the company.
Valuation Enterprise is currently trading at a deeply discounted valuation and historically low multiple, which is ironic considering this may be the best market they've ever operated in. As a particular point of reference, a comparison below for the 2020-2022 periods for EV/EBITDA and some other metrics that could influence the deserved multiple such as growth, profitability, and credit risk. Iāve also already listed a few reasons to be bullish on their future market (pipelines coming online beginning this year), which is consistent with
managementās outlook from their MD&A that āā¦customers have indicated they will continue to operate at increased activities through the remainder of the yearā. Though a 10-11x multiple shouldn't be expected moving forward, you can see the impact of having a large shareholder exiting with a small float and how a lack of share price movement can lose investor attention.
Over the course of a year, Enterprise added over $5M in EBITDA (+175%) and barely saw its valuation change at all!
*2022 year using current share price At a current 4.2x EV/EBITDA, Enterprise is trading far below the 6x it has traded in previous cycles and which seems very reasonable as a base case scenario. It would take very little notional buying for that re-rate to occur and
for those able to establish a position at these prices, it would represent a 74% return. https://preview.redd.it/8ra74fvbospa1.png?width=867&format=png&auto=webp&s=660dd45a56abdf0c798057de86fde7b49a02b6e4 Finally, if Enterprise is seen through a different valuation lens**, the company just released in their earnings that equity holders would be due $0.68/share ($0.39 current share price) if the company simply sold all of their equipment at book value.** Multiple arguments to show that Enterprise is undervalued.
Outlook Enterprise has a strong outlook on market fundamentals to support top line growth, increasing pricing power to maintain/increase margins and new revenue potential coming online with equipment additions.
Given history of M&A activity, balance sheet flexibility and the fact some targets are still not fully recovered from 2014-2021 period,
it would be very surprising if the company did not make one or more acquisitions in the near-future. Management has said as much on their recent twitter spaces interview.
Fortunately for equity holders, management does not have to dilute shareholders while its equity remains undervalued. With
$20M in unused credit at their disposal (their current market cap), they would have the ability to make a material acquisition without needing any equity at all. Even if they were to make an even larger acquisition,
their debt providers are Ninepoint Partners (via Waygar Capital),
who are home to none other than Eric Nuttall, who is the largest and most bullish energy fund manager on earth. You can bet that if the right target came along with the right assets/cash flow, Ninepoint would be more than happy to increase the size of that facility if they arenāt able to secure some seller's financing. If we assume a slight liquidity discount on a PrivateCo acquisition, $20M at 3x EV/EBITDA could buy around $6-7M of incremental EBITDA,
effectively doubling the ācash flowā of the company before considering any synergies. Prospect of cross-selling new rental equipment would be high.
If something like this came to pass and they grew to a $15M EBITDA business, there would undoubtedly be a whole new supply of small institutions that would be interested and could be an attractive buyout candidate for private equity, who theyāre currently competing with for acquisitions.
Risk Commodity Risk: This being the most obvious risk to the company. If we were to go back to the dark ages (2014-2021), there would be a material impact on Enterprise financials. I believe commodity risk for Enterprise is mitigated for 3 reasons:
- A decade of underinvestment in global energy supplies has the entire spectrum of energy prognosticators projecting supply deficits for oil and continued growth in global natural gas demand. Continued regulatory hurdles, ESG capital restrictions, end of US shale hypergrowth, and return-of-capital mandates by EnergyCo shareholders make it less likely we see reckless supply additions. Adding to that, weāve now got China reopening, OPEC defending prices, and US supposedly refilling the SPR at some point (weāll see).
- Infrastructure Developments: Canada has abundant reserves, with some of the cleanest and lowest-cost natural gas in the world with a painful lack of export capacity. A number of pipeline and LNG export facilities are set to come online, incentivizing a production increase to fill that pipeline. To me, this is the most powerful reason why I believe Enterprise has much lower commodity risk and has been repeated by recent research put out by RBC on the prospects of NE BC natural gas outlook.
- Tier 1 Client Book: Enterpriseās clients are some of the largest energy producers in North America, meaning they plan their development programs with a multi-year outlook that is less sensitive to short term price action. Further, many of its clients are actual providing the supply for LNG Canada (Sinopec, Petronas,
Market Downturn: No doubt we are entering a period of uncertainty, with global liquidity being reduced and the risk of recession on the horizon. I think this should be viewed in two ways:
- Operations: Looking back, more often than not a significant global recession is more likely to reduce the rate of growth in oil demand rather than actually reducing demand. Natural gas is mostly used for heating and electricity generation, making it relatively inelastic as well. Global GDP is also more evenly spread between OECD and non-OECD, meaning growing countries like India will be less responsive to tightening financial conditions.
- Share Price: Enterprise is tracking towards a trailing 4x EV/EBITDA, with structural growth catalysts on the horizon (ie. pipelines) and excess cash flow available for buybacks. Even in a market panic, it is likely cash flows can continue to grow, providing continued support to the share price via buybacks.
- Recent meltdown in energy markets had almost no impact on Enterprise share price and would suspect that increased buybacks would be there for support if share price were to slide further.
It is the
risk-adjusted return with fundamentals to back it up that make Enterprise special within the micro-cap space.
Summary - Operating conditions look very strong for the company based on energy cycle and the foundation of new pipeline-related production increases in western Canada.
- Enterprise is a pure-play on western Canada with major well-capitalized nat gas clients poised for growth.
- Small size and cap structure provide potential for significant torque in share price.
- Enterprise has debt flexibility such that they donāt need to dilute equity at these valuations if M&A opportunities arise.
- Extremely profitable with 30%+ cash flow yield and optionality for buybacks or further investment in expanding equipment fleet for evolution power.
- Significant selling pressure from large shareholder has now ended after tendering shares to treasury in January 2023.
- A single large new shareholder has potential to re-rate the stock to base case of 6x EV/EBITDA multiple.
- Equity re-rate and M&A could see this company become very large, very quickly ā drawing further flows of capital to the name at sufficient scale or be a prime takeout candidate for PE.
Disclosure: I own shares in Enterprise. This is not financial advise. Please do your own due diligence.
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