This company has reimagined fencing (yep, fencing)

There are sexy businesses, and there are unsexy businesses.

Snap, Peloton, and WeWork are sexy. They all have buzz and panache.

But you know what else these companies have in common? None of them are profitable!

Here at Swaggy, we like to find under-the-radar companies you wouldn't normally think about. And we found one in Perimtec.

Perimtec designs and installs modern fences. That's it. They sell direct-to-consumer across the US. That's what they do.

​And you know what? They're making real money. Check this out:

• Annual run rate of $3.1 million

• LTV to CAC ratio of 4.1

• Raising at a valuation of $7.1 million (that's low!)

Fencing is becoming a more important part of home design. (Heck, I installed a new backyard fence for exactly this reason)

Perimtec is making an unsexy business as sexy as possible.

Consider investing in these guys.

SPONSOR

We asked about rate hikes again, just to make sure you really think the Fed’s going to raise again. You do. Prediction markets still show only a 2% chance. A $10 bet on Kalshi returns $500 if the Fed hikes in December.

📊 Income

• The bond market had a roaring November as the economy seems poised to complete a Goldilocks cooldown.

• PG&E has issued the largest convertible bond in two years. It pays out at 4.25%.

• Disney is bringing back its dividend, paying $0.30 per share.

• Vanguard’s Total Bond Market ETF became the first bond fund ever to hit $100 billion AUM.

• The year’s best fixed-income research providers.

Want to party like it’s 2007? Check out public.com’s bond ETF portfolio designed to offer exposure to mortgage-backed securities (MBS) and other securitized debt.

📊 Crypto

• Bitcoin has already doubled this year; now it’s aiming for $40k.

• Microstrategy bought $600 million worth of Bitcoin in November.

🌍 Global Perspectives

🇳🇪Niger has started generating electricity from a solar plant near the capital Niamey to make up for power shortages caused by neighboring Nigeria cutting energy supplies.

🇨🇳 Two more Chinese execs have gone missing.

🇨🇳 China’s third largest investment Bank – China International Capital Corp (CICC) – has told analysts not to publish negative views on China’s economy or its financial markets.

💎 Wealth Watch

• A ‘great wealth transfer’ is underway, with billionaires accumulating more riches through inheritance than through entrepreneurship for the first time.

• How the young should invest.

• ‘Same as ever’: Lessons on wealth, greed and happiness from Morgan Housel

🗳️ Outside the Box

• Florida pharmacies are cutting WeGovy, removing as much as 33% of the drug.

• How Americans rate the last ten presidents and their first ladies

• 70% of Americans think a major world conflict is likely in the next 20 years.

• The week’s best photojournalism.

• Turns out there really was a corporate conspiracy to inflate egg prices.

• Why no one wants to host the Olympics.

📈 Trends you need to know

Brought to you by our friends at Glimpse, my favorite way to spot trends.

Modelo is now America’s fastest-growing beer brand.

That’s all for today. Did we miss anything? Smash the reply button to let us know.

Cheers,

Wyatt

Notes

Please read this disclaimer. The authors of Alt Assets, Inc. are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content should not be taken as professional advice. They are self-taught accredited investors, sharing information, research, entertainment and lessons learned based solely on their own experience and circumstances. Individual results may vary. The published content is unique, based on certain assumptions and market conditions at the time of publishing, and is intended to serve solely as research, not financial advice. For entertainment purposes only. Not investment advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several, or all of the alternative asset classes that Alt Assets, Inc. publishes content about on its site. Any of the Fund’s investments that have positive designations on the Alt Assets, Inc. site are purely coincidental, as the Fund is actively managed and guided by its own investment parameters, as summarized in the relevant private placement memorandum. Alternative investing involves a high degree of risk, including complete loss of principal and is not suitable for all investors. Past performance does not guarantee future results. The newsletter may contain affiliate links, meaning that Alts.co and its associated entities may receive compensation for referring customers to the noted companies. We recommend seeking the advice of a financial professional before you make any investment in an alternative asset class or any associated entities, and we accept no liability whatsoever for any loss or damage you may incur.