GOBLINS,

to our new members, welcome. to my day ones — ay.

read to bottom for bonuses.

warm up question:

weekly tactic:

accretion/dilution is just: does our EPS go up or down after this deal?

  • if you pay with stock: your proforma share count (denominator of EPS) goes up.

  • if you pay with cash or debt: your earnings (numerator of EPS) are dragged down.

in the article, we define the 2 approaches to answer that in a banking interview context.

protip: you can drill these types of questions using ‘topic study’ mode on OFFERGOBLIN.

last week: becoming uncut

  • force the decision. silence is not rejection. circle back to your champion before the first wave locks seats.

  • pivot, don’t stop. you only need one seat. take a summer hold if top tier cuts you. protect the full-time path.

  • nurture the lead. relationships are assets. keep “dead” processes warm. january no can become august yes.

  • trade up later. laterals start in april. a return offer is the stamp that lets you upgrade.

bonus:

ever yours,

OFFERGOBLIN

AND ONE MORE THING …. scared money don’t make no money

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