MeliFinance Newsletter #1
Financial welfarism, Vampirestocks, Insiders sales, Activists reports, quotes, Uglystocks, interesting Tweets, Books, trivia...etc
( In 33 AD, Tiberius triumphed over Sejanus’ treachery and unleashed the first Financial panic in recorded history to punish the patricians and the bankers who had betrayed him.)
I I am excited to launch a weekly Newsletter to recap the universe of Wall Street elites’ Fiat Welfarism. I affirm that the biggest enemies of “Free enterprise” have never been the proletariat or the working class; instead, its most unforgiving opponents have often been the leading intellectuals, influential financiers, and the corporate elites themselves. The gist of this “Newsletter” is to demonstrate how Wall Street and its connected institutions are the epicenter of “Real Socialism,” Fiat Socialism.
Free enterprise entails the “freedom” to compete, to win, and, more importantly, the freedom to fail. But an analysis of history has shown time and again that a certain class of Pseudo-Patrician, whether intellectual, religious, landed, or capitalistic, has always sought to bend the natural vagaries of the price system for their own benefit, in order to operate outside the often humbling aftereffects of capitalist competition and market innovation. My ultimate aim is to show that liberty, free enterprise, the market, and progress itself are impossible without the strict separation of State and Money. I may even go so far as to infer that all discussions on politics, governments, economic policies, or geopolitics are irrelevant insofar as the monetary system is concentrated in “Fiat” hands, especially pertaining to the nefarious relationship between Wall Street institutions and Central banks.
Thus the eternal question: “Qui Bono?”
I have ultimately rejected the stringent binary ideological frameworks that seek to distinguish and separate “Free Enterprise” from, let’s say, “Socialism.” Both, Capitalism and socialism have been bastardized depending on the special interests behind the propaganda, supporting academics, and backing politicians. I have realized that systems are complex, and men are even more so. By returning to a sound-money-based price system, the world would be less likely to fall into the traps of ideological extremism and financial tyranny. Although I consider myself a free-market absolutist, I also recognize that the market itself can be corrupted when capital, credit, and power are unfairly granted to special corporate/financial interests.
If the “capitalistic Wall Street elites” can hail the virtues of Freedom and Free Enterprise, they must also acquiesce when the market heartlessly retrogrades them within the ranks of the plebe.
1- The Financial Crisis of 33 AD.
(I have recently published a detailed exposé on the first Financial crisis in recorded history: the real Estate crash of 33AD under Emperor Tiberius.)
“Wall Street, or its historical and geographical equivalent, has always been the net beneficiary of artificially distorted interest rates and credit injections in the economy, as well as the net recipient of interventionist bailouts and welfarism. The whole trajectory of 2000 years of politico-economic history could be rewritten through the lens of “Financial welfarism” by and for corporate elites and bankers.
Proletarian socialism, as depicted by pseudo left-wing academics or as deconstructed in pseudo right-wing “milieu,” is a mere lure hiding the real promoters and benefactors of real socialism: The elitist Wall Street banking and political houses.”
“From the days of Tiberius crushing humiliation of the indebted and nearly bankrupt Senatorial elite to our modern world of stealth QEs and Troubled Asset Relief programs, the real face of “socialism” lies far from Karl Marx’s pseudo-intellectual vomit, but strangely in the alleys of the Central banks’ connected Financial and corporate institutions. Indeed, the modern “financial aristocrats” rightfully despise Marxist-Leninism! But this is not an act of intellectual and ethical goodwill nor is it for the sake of denouncing socialism's own bankrupt intellectual premises and conclusions. Wall Street hates socialism for everyone else but itself, its privileged banks, large corporations, and too big to fail institutions. Socialism is indeed evil for the plebes but certainly not for the patricians.”
2-Activists Reports/Vampirestocks.
Hunterbrook Media vs. Czechoslovak Group.CSG N.V. (PRA:CSG): On May 4th 2026, US-based Hunterbrook published a report questioning the business model of the Czech defense company, causing shares to drop more than 20%. The report alleged that CSG, a major defense supplier, relied more on trading ammunition than manufacturing it.
Bleecker Street Research vs. Sharon AI ( SHAZ 0.00%↑ ) : Bleecker Street targeted the Nasdaq-listed AI infrastructure company, questioning a major contract and the CEO's past behavior.
Home REIT (HOME): Following a scandal revealed earlier by Viceroy Research, new activist investors and hedge funds, including Staude Capital, have built stakes in the company, betting on cash payouts during its liquidation.
Muddy Waters Research (May 2026): Led by Carson Block, the firm reported on Sportradar Group AG (SRAD), alleging the company aided illegal gambling markets. The report led to a 22% share price decline.
Vital Farms, Inc ( VITL 0.00%↑ ) has crashed to a near all-time low following a series of viral social media backlash in January 2026 over the company’s “ pasture-raised” eggs and accusations of Greenwashing, misleading marketing, and nutritional shortfalls despite “premium” pricing. VITL 0.00%↑ crashed -26% following its Q1 2026 earnings report. Herb Greenberg has been sounding the alarm against “the fad,” which he has compared to Oatly, since 2024. The stock peaked in September 2025 and has now crashed -75% in 6-7 months.
Energous corporation: (WATT 8.33%↑) is down 27% from its May 1st peak after a 244% run-up in 6 months. WATT 8.33%↑ The company was highlighted by Fugazi Research for its history of aggressive dilution, using various equity actions to raise cash a staggering 21 times since 2019, most notably through at-the-market (ATM) registrations. One particularly active offering period increased outstanding shares by more than 140% over just 2 months, followed by a 30-to-1 reverse split to regain compliance with NASDAQ listing requirements.
ONEG 0.00%↑ was highlighted on Reddit: vampirestock for its ties with Westpark Capital, a flagged farm-to-table junk issues underwriter. The stock crashed by -85% yesterday (May 7th) in a classic “China hustle” micro-cap pump-and-dump crash.
3-Fiat Aristocrats ( Suspicious Insiders shares dump.)
The wealth of the Fiat financial elites is concentrated in their ownership and control of “Financial securities” rather than in the net returns of their underlying businesses. The scheme is thus to prop up their holdings and gradually dump the over-inflated issues on the public. Our modern elites’ wealth and prestige have thus become dependent on monetary authorities’ guidelines and on their political allegiance, which is a far cry from previous generations of industrialists and scientific and technological breakthrough entrepreneurs. Long gone are the days when wealth was built on equity and dividends; we are now ruled by “FIATLONAIRES.”
Carvana ( CVNA 0.00%↑ )
Ernie Garcia II recently sold $1.5 Billion worth of shares. In one shameless swoop! Few companies encapsulate the utter abuse of our artificially propped up financial market than CVNA 0.00%↑. This company has been flagged multiple times by Gotham City Research, Hindenburg Research, Jim Chanos, and a slew of analysts. Carvana has faced multiple scandals, primarily involving severe consumer issues with title/registration delays, leading to a $1.5 million settlement in 2025. The company is also plagued by allegations of misleading investors via related-party transactions to inflate earnings and accusations of selling defective or improperly documented vehicles.
Snap ( SNAP 0.00%↑ )
None other than SNAP 0.00%↑ founder symbolizes the securitized scheme for enrichment that has allowed a small class of undertakers to build their wealth despite the utter mediocrity of their businesses. Evan Spiegel is a “Billionaire,” a “share-dumping billionaire,” to be precise. He has been running his game since his company went public. SNAP 0.00%↑ is down -75% since its 2017 IPO, and has never recorded a profit.
Coreweave ( CRWV 0.00%↑ )
As of early May 2026, CoreWeave ( CRWV 0.00%↑ ) executives and insiders, including CEO Michael Intrator and Co-founder Brian Venturo, have sold significant amounts of stock, totaling over $2 billion in the past 90 days. The claims advanced to justify such aggressive shares, such as tax obligations, are quite exaggerated. In fact, the company has faced a slew of criticism and earnings disappointments. Despite high revenue growth, shares recently dropped on weak Q2 guidance.
Michael Intrator, CoreWeave's CEO, sold $138 million of shares in steady increments so far in 2026…
Coreweave was also denounced by Kerrisdale Capital as “ the poster child of the AI infrastructure bubble. The research company states that: In three years, CoreWeave has gone from a crypto mining outfit in a founder’s grandfather’s garage to a self-declared “AI hyperscaler” valued at $75 billion. The latest surge rests more on hype, not substance: investors chasing headlines around Microsoft’s new Nebius deal and Oracle’s OpenAI-heavy backlog have glossed over how both involve CoreWeave’s anchor customers awarding large, strategic contracts to competitors. Strip away the noise, and CoreWeave remains an undifferentiated, heavily levered GPU rental scheme stitched together by timing and financial engineering, not lasting innovation.”
Micheal Intrator's wealth is estimated at close to $1 Billion.
4-Uglystocks#1
( Spy-hopping Contrarian catalyst deep value -cigarbutts analysis.)
I’m interested in “uglystocks” for a simple reason: I’ve lost faith in the current pricing system. I believe its discovery function has been compromised, making it extremely challenging to perform reliable economic calculations and value projections.
In our securities market, asset pricing is influenced by inflationary pressure and crowd euphoria. Many mediocre stocks are artificially inflated when their underlying economics demand skepticism and a rapid downward pricing shift to clear capital from further risky misallocation into uneconomic projects.
I believe buying undervalued stock issues, Ben Graham Net-nets, Walter Schloss cheap TBV, and contrarian international /oversold stocks (selling at their 5- to 10-year lows) is an intriguing proposition because these assets have already shed their “inflationary” excesses, making them leaner, healthier investments with potential for a turnaround. More importantly, the wider investment public and the US centric pros are rarely privy to such opportunities.
1-Autohome Inc ( ATHM 0.00%↑ )
Stock price: ~$19.35
EPS (TTM): $1.72
Book value per share (mrq): $29.22
P/E (TTM): ~11.2
P/B: ~0.66
Market cap: ~$2.23B
Net cash position: Strong (large cash hoard, minimal debt; enterprise value is negative)
Autohome is a seemingly unattractive stock; China-based, experiencing declining revenue, and struggling with an uncertain operational model. The new leading shareholder, Haer Group, is likely to steer the business in a different direction. The stock has dropped 82% over five years, overlooked and neglected by the broader market, a situation further worsened by geopolitical uncertainty and global economic slowdowns.
Autohome Inc (ATHM) is China’s largest automotive internet platform, currently trading at approximately its Net Current Asset Value (NCAV) — a threshold that rather appealing to Grahamites and contrarian deep value investors.
The dominant driver is an extraordinary cash and liquid investment pile of approximately RMB 21.4 billion (USD $3.06 billion), which exceeds the company’s entire market capitalization of USD $2.4 billion. At current prices, the market effectively assigns zero or negative value to the operating business, which generated RMB 6.45 billion in revenues and a 24.9% adjusted net margin in FY2025.
My estimated NCAV calculation, based on the Balance Sheet ( as of Dec 31 2025)
(Current Assets - Total Liabilities/Shares outstanding) yielded:
NCAV per share =$21.77, which is about 10% above the current trading price of $19.5/share.
The stock trades above the conservative Grahamite 2/3 NCAV threshold of $14.51, yet I find it extremely interesting on an asset basis, therefore I have decided to bypass Graham’s strict conservative metrics.
Why?
Because:
-91% of current assets are ultra-liquid cash/short-term investments.
-Zero inventory (service-based business).
-Liabilities are almost exclusively operating ( accruals, payables, taxes) with no meaningful long-term debt or off-balance sheet leverage.
-Non-current assets are minimal ( only RMB 7.1 billion), confirming the balance sheet as genuinely net heavy on current items.
-The company pays a genuine 9% dividend yield.
Although the company is not a pure 2/3 NCAV Ben Graham liquidation formula, the stock is strikingly cheap on many other deep-value metrics. The company is selling below its all-time lows, is priced below its net equity, and execs have recently announced a $200M share repurchasing program.
On its net asset-based calculation, the stock could be estimated at around $32/share.
ATHM could thus be considered a fairly undervalued contrarian opportunity thanks to its solid balance sheet, cash yields, and profitability. Whilst the China-specific risks could not be ignored (regulation, macroeconomic slowdown, new majority-ownership plans), the strong balance sheet provides a solid margin of safety, making it a fairly interesting opportunity for patient investors.
5- New 5-10 years Lows stocks.
The Campbell Soup Company ($CPB 0.00%↑ ) was founded in 1869. The stock is trading near its 23-year lows. ( CPB 0.00%↑ ) pays a 7% dividend yield. In the last 12 months, CPB had revenue of $10.04 billion and earned $550.00 million in profits. Earnings per share was $1.84.
J&J Snack Food ( JJSF 0.00%↑ ) is selling below its 10-year lows. The company was founded in 1971 and has recorded 44 years of consecutive sales growth. J&J Snack Food pays a 4% dividend yield.
Paypal Inc ( PYPL 0.00%↑ ) is selling near its 10-year lows. PayPal was founded in 2002, and its alumni have gone on to become some of the most influential tech moguls of our day. In the last 12 months, PayPal Holdings had revenue of $33.73 billion and earned $5.06 billion in profits. Earnings per share was $5.34. Despite its influential position in the payment processing market, PayPal has lagged in the backdrop of a market obsessed by AI related stocks.
Remy Cointreau ( EPA: $RCO) is trading below its 15-year lows.The group's products include cognac (Rémy Martin, Louis XIII), triple sec (Cointreau), the Greek spirit Metaxa, rum (Mount Gay), brandy (St-Rémy), gin (The Botanist) and whisky (Bruichladdich, Port Charlotte, Westland, Domaine des Hautes Alpes). The group, whose origins date back to 1724, was formed in 1990 after the merger of Rémy Martin and Cointreau. Rémy Cointreau also owns the fragrance company Maison Psyché. In the last 12 months, Rémy Cointreau had revenue of EUR 940.50 million and earned 92.30 million in profits. Earnings per share was 1.77.
6-“Triviae”
Milton Friedman believed that academics and “some” businessmen (Wall Street) are the biggest enemies of the free market.
While academics believe in freedom for themselves, they harp on their high priesthood status, calling for a society guided and directed by their own glorious oracles. On the other hand, entrepreneurs extol the value of free enterprise and liberty for everyone but themselves, forever repulsed by competition, they lobby for protective tariffs, and beg for bailouts in the name of national emergency when they get in trouble.
Murray Rothbard went even further; he viewed “ Billionaires” as kooks and crackpots detached from reality while simultaneously acknowledging their success as entrepreneurs, or denouncing some of them as crony capitalists. Responding to Ayn Rand's statement that “every ugly, brutal aspect of injustice toward racial or religious minorities is being practiced toward businessmen.”, Rothbard retorted:
“Conservatives and libertarians alike suffer from a failure to recognize who is responsible for the accelerating march of this country into statism. Ayn Rand once wrote that big business is ‘America’s most persecuted minority.’ Nothing could be further from the truth. From the turn of the twentieth century, through the New Deal period, and up to the present day, big business has been in the forefront of the shift from a free economy and a free society toward statism. For it saw in the state what the mercantilists—the big businessmen of their day— saw: a golden opportunity to confer upon themselves special privileges through subsidies, monopolies, cartels, contracts, etc.”
I WHOLEHEARTEDLY AGREE, ESPECIALLY PERTAINING TO WALL STREET SECURITIES ISSUERS AND CREDIT- FINANCIERS!
-Social Media chatters.
This hits really hard for me.
-Peter Lynch advice:
-Coreweave, a vampirestonk?
Stock market! Where is it? More like “ Fed’s” market!
#Jim Cramer has spoken, the greatest contrarian indicator of all time.
Random Books: Week#1.
Alvin Boyd Kuhn’s Shadow of the Third Century: A Revaluation of Christianity (1949) argues that modern Christianity is a "degenerated" version of an ancient, universal spiritual wisdom. Kuhn’s central thesis is that the religion underwent a catastrophic shift in the third century, moving from a symbolic, esoteric philosophy to a literal, historical dogma.
“Every child born to Christian parents in eighteen centuries has been indoctrinated with the unqualified belief that Christianity was a completely new, and the first true, religion in world history; that it was vouchsafed to the world from himself and brought to earth by the sole divine emissary ever commissioned to convey God’s truth to mankind; that it flashed out amid the lingering murks of Pagan darkness as the first ray of true light to illumine the pathway of evolution foe the safe treading of human feet.
All previous religion was the superstitious product of primitive childishness of mind. Christianity was the first piercing of the long night of black heathenism by the benignant gift of God.”
NEVER YIELD TO EVIL!
Not investment advice. This Newsletter was created for intellectual stimulation only. Always consult a professional investment advisor before purchasing financial securities. Wall Street is not your friend, Never Yield To Evil.