I have been maintaining this list of items which may be requested directly from Bethesda Support since the New Year. It seems quite a few Appalachian Wasteland Redditors have found it useful! Sadly, on discussion with the mods I learned they do not permit user posts to be made 'sticky'. While this is unfortunate I do understand their reasons.
On updating the list today I also discovered that Bethesda have greatly expanded its content by just under four times the prior size! Therefore I think it is worth making a new post rather than editing an old one that is likely already lost at the bottom of the subreddit.
In order to request any of these items you must go to the appropriate link for the Xbox Series X/S, PS5 or Steam. If you are playing on an older system it is simple to reach its page from one of these direct links. I am sure it goes without saying your player account must have sufficient Atoms available to pay for the item/s you choose. As part of the process Bethesda Support will respond to your request by ticket and email with the total cost of whatever you order.
EDIT: On going though the process to buy a couple of the new items myself I discovered it to be far more automated. I received a response with the requested cost in atoms straight away. Very good news when you consider it used to take sometimes as long as a week for the purchase to go through.
EDIT2: The enthusiasm I expressed for the apparent speed of the new mostly-scripted interface was misplaced, at least for my order. I waited four weeks without any reply and then put in the request again. This was eventually answered after another three days, along with an admonishment not to be impatient! I explained that I had already waited more than a month but received no further response and eventually closed the ticket since the items I desired were added to my account. So... Likely as before it is all a matter of chance how quickly your order goes through. Whatever the case I am certain my first request was forgotten or slipped through the cracks since four weeks without even an update apologising for the wait is totally unacceptable from even the busiest customer support desk in the world!
This list is up-to-date as of 22.05.2023 (the only difference from the prior version of this list is Bethesda seem to have learned how to use apostrophes!):

1. Ace Full Assault Power Armor Paint
2. Alien Plushie
3. Alien Technology Bundle
4. Aluminum Trees
5. Amateur Inventor's Laser Gun Paint
6. American Flag Set
7. Angry Fist Shake
8. Animatronic Cat
9. Appalachian Thunder Pipe Gatling Gun Paint
10. Armored Raider Skull Gas Mask
11. Armory Weapon Paint Bundle
12. Army Issue Plasma Caster Paint
13. Astroturf
14. Atomic Blast Lamp
15. Barbed Chained Tire Set
16. Beer Barrel Fridge
17. Big Game Hunter
18. Big Red Button Icon
19. Black Bear Mascot
20. Black Cat Bundle
21. Black Knight Paint
22. Black Pip-Boy Paint
23. Black Rider Power Armor
24. Blood Eagle Bow Skin
25. Blood Eagle Bundle
26. Blood Eagle Power Armor Paint
27. Blood Eagle Totem
28. Bloody Arktos Refrigerator
29. Bombs Away Mobile
30. Bone and Felt Antler Headband Set
31. Bone Gas Mask
32. Bonnet
33. BOS Backpack
34. BOS Scouting Tower
35. Bottle Icon
36. Boxing Ring
37. Brambles
38. Brew-haha Bundle
39. Brotherhood Armory
40. Brotherhood Bundle
41. Brotherhood High Tech Stash
42. Brotherhood of Steel Digital Deluxe Bundle
43. Bubble Blower Machine
44. Bucking Brahmin Bundle
45. Bucking Brahmin Mask
46. Bucking Brahmin Ride
47. Bunker Bundle
48. Burgundy Modular Sofa Set
49. C.A.M.P. Structure Starter Bundle
50. Cactus Set
51. Camden Park Mega Bundle
52. Camo Secret Service Underarmor
53. Camo Secret Service Armor Paint
54. Camo Utility Cap
55. Cappys Nuka-Cola Train Bundle
56. Captain Cosmos Outfit
57. Captain Cosmos Power Armor
58. Captain Cosmos Power Armor Bundle
59. Caravan Trader Outfit
60. Carnivorous Plant
61. Cash Register Vending Machine
62. Castle Bed
63. Cat Topiary
64. Cement Tire Set
65. Chalk Letter Kit
66. Charleston Fire Station
67. Charleston Fire Station Bundle
68. Christmas Sitting Room Bundle
69. Cinder Blocks Wallpaper
70. Clandestine Gauss Weapons Bundle
71. Clandestine Service Gauss Shotgun Paint
72. Clandestine Service Minigun Paint
73. Classic Jukebox
74. Classic Performance Stage
75. Classic Western Bundle
76. Classical Column
77. Classy Girl Player Icon
78. Clean Bathroom Bundle
79. Clean Billboard
80. Clean Boxing Ring
81. Clean Chally Outfit
82. Clean Mannequin Set
83. Clean Shower
84. Clean Sink
85. Clean Small Generator
86. Clean Toilet
87. Clean Water Purifier
88. Clean White Picket Fences
89. Coal Duster Excavator Power Armor Paint
90. Coffin Backpack
91. Coffin Decoration
92. Coffin Stash Box
93. Collectron Bundle
94. Colored Oval Lights
95. Comforts of Home Bundle
96. Comin' to Town Bundle
97. Communal Firepit
98. Communist Bunker
99. Communist Collectron Station
100. Communist Fence
101. Communist Handmade Gun Skin
102. Communist Militant Outfit
103. Communist Military Safe Stash Box
104. Communist Officers Gas Mask
105. Communist Salute Emote
106. Communist Spy Bundle
107. Communist Spy Outfit
108. Contemporary C.A.M.P. Bundle
109. Cowboy Hat
110. Cowhide Outfit
111. Creepy Mothman Player Icon
112. Crypt Crook Backpack
113. Cuddles Outfit
114. Cultist Dungeon Bundle
115. Dark Harlequin Face Paint
116. Dark Matter Combat Rifle Paint
117. Dark Wood Laminate
118. Dart Board
119. Dead Mans Hand Posters
120. Death Awaits Skull Totem
121. Death Ray Bug Zapper
122. Decorative Room Divider
123. Deep Cave Bundle
124. Deep Cave Hunter Outfit
125. Diamond Eyes Face Paint
126. Down Home Comfort Bundle
127. Down Home Dweller Bundle
128. Down Home Wallpaper Set
129. Duster
130. Easter Bundle
131. Easter Rabbit Plushie
132. Electro 2000 Fireplace
133. Elm Tree Set
134. Encampment Bridge
135. Encampment Fences
136. Encampment Fortress Bundle
137. Enclave Backpack
138. Enclave Bundle
139. Enclave C.A.M.P. Bundle
140. Enclave Power Armor Paint
141. Enclave Turret Set
142. Equalizer Power Armor Paint
143. Eye Patch Bundle
144. F.E.T.C.H. Collectron Station
145. Fancy Thanksgiving Display Case
146. Farm Life C.A.M.P. Bundle
147. Fasnacht Bundle
148. Fasnacht C.A.M.P. Bundle
149. Fasnacht Collectron Station
150. Fasnacht Mask Bundle
151. Fasnacht Mask Display
152. Fasnacht Mystical Mask Bundle
153. Fat Man Aviator Paint
154. Feral Ghoul Bundle
155. Feral Ghoul Costume
156. Fez
157. Fire Chief Bundle
158. Fire Hazard Backpack
159. Firewatch Tower
160. Firing Range Posters
161. Fish Lamp
162. Floor Walker Outfit
163. Flower Cart
164. Fluorescent Light Set
165. Flyboy Bundle
166. Flyboy Icon
167. Flyboy Outfit
168. Four Poster Bed
169. Free States Scout Armor Paint
170. Freedom Stars Neon Sign
171. Freight Wagon
172. Fringed Dress
173. Future-Tec Bundle
174. Gag Glasses Bundle
175. Gala Dress
176. Gala Tuxedo
177. Gatling Plasma Copperhead Paint
178. Ghillie Netting Bundle
179. Ghoul Icon
180. Giant Neon Letters
181. Gladiator Outfit
182. Glow-in-the-Dark Map
183. Gold 50 Cal Machine Gun Paint
184. Gold Mr. Fuzzy Kiddie Ride
185. Gold Mr. Rocket Kiddie Ride
186. Golden Years Set
187. Good Fortunes Bundle
188. Grafton Monster Mascot Outfit
189. Grahm Plushie
190. Grahms Green Bundle
191. Green Thumb Bundle
192. Greenhouse Kit
193. Greenhouse Kit Bundle
194. Grognak Battlecry
195. Grognak Hero Bundle
196. Grognak Plushie
197. Gurney Bed Set
198. H.A.R.E. Power Armor Skin
199. Halberd
200. Halloween C.A.M.P. Bundle
201. Halo and Horns Set
202. Hammock
203. Hanging Planters
204. Haunted House C.A.M.P. Bundle
205. Haunted House Floor
206. Haunted House Porch Set
207. Haunted House Staircase
208. Hay Bales
209. Heart Balloons
210. Hellcat Outfit Bundle
211. Hellfire Regulator Power Armor Paint
212. Hero Statue Set
213. High-Powered Weapon Racks
214. High-Tech Stash
215. Holiday Nuclear Tree
216. Holidays Emote Bundle
217. Hot Tub
218. Hubris Comics Magazine Rack
219. Hubris Comics Wallpaper
220. Hunting Lodge Bundle
221. I Survived!
222. Imposter Assaultron Head
223. Inflatable Snowman
224. Inner Tube Deck Chair
225. Jail Walls
226. Junk Fences
227. Junkyard C.A.M.P. Bundle
228. Junkyard Dog Collectron Station
229. Junkyard Power Armor Paint
230. Kill, Laugh, Love Neon Sign
231. Large Nuka-Cola Bottle
232. Large Succulent Set
233. Laser Grid Door
234. Laundered Blue Dress
235. Laundered Cream Dress
236. Laundered Rose Dress
237. Leperchaun Outfit
238. Leprechaun Bundle
239. Leprechaun Outfit
240. Liberator Bot Lamp
241. Liberty Prime Power Armor Skin Set
242. Light Bulb Letters Set
243. Light Wood Laminate
244. Lion Dancer Outfit
245. Log Cabin Kit
246. Log Cabin Porch Set
247. Lover Girl Icon
248. Lucille's Lullaby
249. Lumberjack Bundle
250. Lumberjack Outfit
251. Makeshift Mega Mansion
252. Mascot Head
253. Matte Black Equalizer Power Armor Paint
254. Matte Black Handmade Paint
255. Mausoleum Bundle
256. Meat Cooler Backpack
257. Medical Scrubs
258. Medical Scrubs Cap
259. Medical Smile Mask
260. Medieval C.A.M.P. Bundle
261. Megaton Hairstyle
262. Military Beret Bundle
263. Mini Deathclaw Statue
264. Mini Nuke Planter
265. Mini Power Armor Statue
266. Minigun Chrome Paint
267. Missile Silo Shelter
268. Missile Silo Shelter Bundle
269. Mob Boss Bundle
270. Modern Ceiling Fan
271. Modern Fireplace
272. Modular Mainframe Set
273. Mole Rat Generator Suite
274. Mole Rat Icon
275. Mole Rats Painting
276. Monocle
277. Montani Semper Liberi
278. Moonshine Mama Mask
279. Mosaic Tiles
280. Mothman Bed
281. Mothman Cultist C.A.M.P. Bundle
282. Mothman Cultist Candle Torch
283. Mothman Cultist Goat Totem
284. Mothman Cultist Icon
285. Mothman Cultist Torches
286. Mothman Curtain Door
287. Mothman Frame
288. Mothman Furniture Set
289. Mothman Gas Mask
290. Mothman Hunter Bundle
291. Mothman Hunter Outfit
292. Mothman Jetpack
293. Mothman Neon Billboards
294. Mothman Outfit Bundle
295. Mothman Pip-Boy Paint
296. Mothman Plushie Backpack
297. Mothman Poster
298. Mothman Power Armor Paints and Lamp
299. Mothman Sleeping Bag
300. Mothman Statue
301. Mothman Traveler Bundle
302. Mothman Wallpaper Bundle
303. Mothman Worship Emote
304. Mountaineer Outfit
305. Mounted Fish Set
306. Mounted Radhog Head
307. Movie Poster Set
308. Mr. Claus Player Icon
309. Mr. Claus Suit
310. Mr. Fuzzy Backpack
311. Mr. Fuzzy Balloon Animal
312. Mr. Fuzzy Cowboy Plushie
313. Mr. Fuzzy Halloween Plushie
314. Mr. Fuzzy Kiddie Ride
315. Mr. Fuzzy New Year's Plushie
316. Mr. Fuzzy Player Icon
317. Mr. Fuzzy Power Armor Helmet
318. Mr. Fuzzy Tinkers Workbench
319. Mr. Fuzzy Valentine's Day Plushie
320. Mr. Pebbles Lamp
321. Mr. Pebbles Plushie
322. Mr. Pebbles Space Explorer Backpack
323. Mr. Rocket Kiddie Ride
324. Mrs. Claus' Dress
325. Mrs. Claus Player Icon
326. Mudflap Hat Set
327. Mummy Dearest Icon
328. Mushroom Lamp
329. Mutant Dummy
330. Nautical Anchor Tattoo
331. Neighborhood Square Shelter
332. Neon Palm Reader Sign
333. Neon Sign Set
334. New Year's Banner
335. New Year's Eve Bundle
336. New Year's Icon
337. New Year's Tuxedos Bundle
338. Night Eyes Icon
339. Night Terror Gauss Rifle Paint
340. No Thank You Emote
341. No Way Emote
342. Northern Lights Paint T-51 Power Armor Paint
343. Nuclear Holiday Tree
344. Nuclear Winter Poster Set
345. Nuka-Cola Bottle Display Rack
346. Nuka-Cola Bundle
347. Nuka-Cola Cask Stool
348. Nuka-Cola Cooler
349. Nuka-Cola Cooler Backpack
350. Nuka-Cola Curtain Door
351. Nuka-Cola Dark Power Armor Paints
352. Nuka-Cola Delivery Bundle
353. Nuka-Cola Jumpsuit Set
354. Nuka-Cola Neon Billboard
355. Nuka-Cola Projection Lamp
356. Nuka-Cola Quantum Bottle Lamp
357. Nuka-Cola Quantum Bundle
358. Nuka-Cola Quantum Sign
359. Nuka-Cola Secret Door Bundle
360. Nuka-Cola Stained Glass Lamps
361. Nuka-Cola Vending Machine
362. Nuka-Cola Wallpaper Set
363. Nuka-Girl Rocketsuit
364. Old Man Summer Mask
365. Old Possum Bar Sign
366. Old West Bar Set
367. Ole Timey Diner Bundle
368. Outhouse
369. Pack Rat Backpack
370. Painting Set 2
371. Pajamas
372. Pale Rider Photoframe
373. Pale Rider Power Armor
374. Pallet Wood Floor
375. Pallet Wood Wallpaper
376. Parachute Backpack
377. Park Ranger Bundle
378. Park Ranger Power Armor Skin
379. Patriotic The Fixer Paint
380. Pickaxe Pilsner Bar Sign
381. Pink Neon Heart Sign
382. Pipe Organ
383. Pitt Scaffold Kit
384. Plague Doctor Mask
385. Plain Curtain Door
386. Plasma Ball Set
387. Plotting Table
388. Plushie C.A.M.P. Bundle
389. Poodle Skirt
390. Portrait Secret Door
391. Potted Succulents
392. Pristine Moe the Mole Outfit
393. Pumpkin Vault Girl Head
394. Raider Collectron Station
395. Raider Culinarian Outfit
396. Raider Pathfinder Outfit
397. Raider Salute
398. Raider Skinner Outfit
399. Raider Skull Gas Mask
400. Raider Vending Machine
401. Raider Warlord Outfit
402. Raider Waster Bundle
403. Rain Water Collector
404. Raven Perch
405. Red Enamel Stove
406. Red Menace Backpack
407. Red Menace Bundle
408. Red Modular Mainframe
409. Red Rocket Diner Set
410. Red Rocket Door
411. Red Rocket Garage
412. Red Rocket Mega Furniture Bundle
413. Red Rocket Power Connectors
414. Red Rocket Ranger Power Armor Bundle
415. Red Rocket Stash Box
416. Red Scare Power Armor Skin
417. Red Shift Backpack
418. Red Shift Floor
419. Red Shift Power Armor Skin
420. Responder Power Armor Paint
421. Responders Bundle
422. Rest in Pieces C.A.M.P. Bundle
423. Revolutionary Bundle
424. Revolutionary Outfit
425. Roadtripper Outfit
426. Robber Halloween Bundle
427. RobCo Snow Machine
428. Robot Steins Display Case
429. Rocket Ceiling Fan
430. Round Deck Table
431. RR Ranger Power Armor Paint
432. Rusted Chain link Fence
433. Rustic Fountain
434. Rustic Greenhouse Bundle
435. Rustic Greenhouse Kit
436. Rustic Room Divider
437. Rustic Sink
438. Rusty Raider Skull Gas Mask
439. Samurai Outfit
440. Santa Bag Backpack
441. Santa Statue
442. Santa's Slay Power Armor Bundle
443. Santatron Collectron Station
444. Satellite Dish
445. Scavenger Collectron Station
446. Screaming Eagle Handmade Gun Skin
447. Screaming Eagle Wood Skin
448. Secret Service Backpack
449. Secret Service Bobblehead Stand
450. Secret Service Camo Bundle
451. Secret Stash Bookcase
452. Seedy Shed
453. Sequin Dress
454. Shadow Prime Power Armor Skin
455. Share the Love Bundle
456. Sheepsquatch Plushie
457. Shelter Catwalk Bundle
458. Shelters Mainframe Bundle
459. Shogatsu Bundle
460. Silver Shroud Costume
461. Silver Shroud Plushie
462. Six Pack Loot Bag
463. Skull Lord War Suit
464. Skull Mask
465. Skull Totem Set
466. Slocum's Joe C.A.M.P. Bundle
467. Slocum's Joe Coffee Machine
468. Snow Globe Lamp
469. Snowglobe
470. Solid Color Wallpaper Set
471. Space Suit
472. Spiked Barricade
473. Spikehawk Hairstyle
474. Spring Bundle
475. Square Rug Bundle
476. Stainless Steel Refrigerator
477. Stalker Outfit
478. Standing Lamp
479. Stanley
480. Stocking Set
481. Street Lamps
482. Stuffed Radstag
483. Summer Shorts
484. Sun Hat
485. Super Angry
486. Survivalist Outfit
487. Thanksgiving Bundle
488. Thanksgiving Kitchen Bundle
489. The Nighthawk Skin
490. The Quack Outfit
491. Theremin
492. Top Secret Door
493. Trailblazer Bundle
494. Turkey Mascot Outfit
495. Untarnished Alien Blaster Paint
496. Valentine's Backpack
497. Vampire Costume
498. Vault Boy/Girl Power Armor Helmet Set
499. Vault Girl Mascot Head
500. Vault Girl Scribble Head
501. Vault-Tec Grandfather Clock
502. Vault-Tec Laser Gun Paint
503. Vault-Tec Locker Bay
504. Vault-Tec Refrigerator
505. Vault-Tec Spa
506. Vault-Tec Starter Bundle
507. Vendor Sign Set
508. Vintage Linen Coat
509. Wall Weapon Racks
510. War Rider Power Armor
511. Warband Face Paint
512. Waste Barrel Planter
513. Wasteland Trapper Outfit
514. Wasteland Werewolf Outfit
515. Watchpost
516. Waterbed
517. Wavy Willard's Letters
518. Wavy Willard's Park Bundle
519. Wavy Willard's Swimsuit Bundle
520. Wavy Willard's Wipeout Slide Bundle
521. Welcome Friends Sign
522. Welcome Home Neon Sign
523. Welcome to Helvetia Bundle
524. West Virginia Table Set
525. Western Bar Bundle
526. White Wallpaper
527. Whitesprings C.A.M.P. Bundle
528. Whitesprings Wallpaper Set
529. Wildman Rags
530. Wildwood Den Bundle
531. Wildwood Tavern
532. Wildwood Tavern Bundle
533. Willard Plushie
534. Wolf Howl Emote
535. Worm Farm
536. Wrought Iron Fence
537. Zoltan Fortune Teller

There was an excellent post earlier today which went through the process for requesting to buy Atomic Shop items that have left the current stock using Bethesda Support. At one time you could ask for any item that had ever been sold. Sadly they now limit the selection, likely so the process can largely be automated.
The items you can ask for are held in a drop-down listbox on a Bethesda Support web page.
This list is up to date as of 25.03.2023. Since the previous update (12.02.2023) the list has been greatly expanded--almost four-fold--and also, thankfully alphabetically arranged. However I think it is still easier to search through this post than to scrutinize the contents of a drop-down listbox. Therefore I will continue updating it for the time being. However I may begin posting a monthly thread rather than keep editing a list that is already no-doubt a long way down the subreddit.

1. Ace Full Assault Power Armor Paint
2. Alien Plushie
3. Alien Technology Bundle
4. Aluminum Trees
5. Amateur Inventor's Laser Gun Paint
6. American Flag Set
7. Angry Fist Shake
8. Animatronic Cat
9. Appalachian Thunder Pipe Gatling Gun Paint
10. Armored Raider Skull Gas Mask
11. Armory Weapon Paint Bundle
12. Army Issue Plasma Caster Paint
13. Astroturf
14. Atomic Blast Lamp
15. Barbed Chained Tire Set
16. Beer Barrel Fridge
17. Big Game Hunter
18. Big Red Button Icon
19. Black Bear Mascot
20. Black Cat Bundle
21. Black Knight Paint
22. Black Pip-Boy Paint
23. Black Rider Power Armor
24. Blood Eagle Bow Skin
25. Blood Eagle Bundle
26. Blood Eagle Power Armor Paint
27. Blood Eagle Totem
28. Bloody Arktos Refrigerator
29. Bombs Away Mobile
30. Bone and Felt Antler Headband Set
31. Bone Gas Mask
32. Bonnet
33. BOS Backpack
34. BOS Scouting Tower
35. Bottle Icon
36. Boxing Ring
37. Brambles
38. Brew-haha Bundle
39. Brotherhood Armory
40. Brotherhood Bundle
41. Brotherhood High Tech Stash
42. Brotherhood of Steel Digital Deluxe Bundle
43. Bubble Blower Machine
44. Bucking Brahmin Bundle
45. Bucking Brahmin Mask
46. Bucking Brahmin Ride
47. Bunker Bundle
48. Burgundy Modular Sofa Set
49. C.A.M.P. Structure Starter Bundle
50. Cactus Set
51. Camden Park Mega Bundle
52. Camo Secret Service Underarmor
53. Camo Secret Service Armor Paint
54. Camo Utility Cap
55. Cappys Nuka-Cola Train Bundle
56. Captain Cosmos Outfit
57. Captain Cosmos Power Armor
58. Captain Cosmos Power Armor Bundle
59. Caravan Trader Outfit
60. Carnivorous Plant
61. Cash Register Vending Machine
62. Castle Bed
63. Cat Topiary
64. Cement Tire Set
65. Chalk Letter Kit
66. Charleston Fire Station
67. Charleston Fire Station Bundle
68. Christmas Sitting Room Bundle
69. Cinder Blocks Wallpaper
70. Clandestine Gauss Weapons Bundle
71. Clandestine Service Gauss Shotgun Paint
72. Clandestine Service Minigun Paint
73. Classic Jukebox
74. Classic Performance Stage
75. Classic Western Bundle
76. Classical Column
77. Classy Girl Player Icon
78. Clean Bathroom Bundle
79. Clean Billboard
80. Clean Boxing Ring
81. Clean Chally Outfit
82. Clean Mannequin Set
83. Clean Shower
84. Clean Sink
85. Clean Small Generator
86. Clean Toilet
87. Clean Water Purifier
88. Clean White Picket Fences
89. Coal Duster Excavator Power Armor Paint
90. Coffin Backpack
91. Coffin Decoration
92. Coffin Stash Box
93. Collectron Bundle
94. Colored Oval Lights
95. Comforts of Home Bundle
96. Comin' to Town Bundle
97. Communal Firepit
98. Communist Bunker
99. Communist Collectron Station
100. Communist Fence
101. Communist Handmade Gun Skin
102. Communist Militant Outfit
103. Communist Military Safe Stash Box
104. Communist Officers Gas Mask
105. Communist Salute Emote
106. Communist Spy Bundle
107. Communist Spy Outfit
108. Contemporary C.A.M.P. Bundle
109. Cowboy Hat
110. Cowhide Outfit
111. Creepy Mothman Player Icon
112. Crypt Crook Backpack
113. Cuddles Outfit
114. Cultist Dungeon Bundle
115. Dark Harlequin Face Paint
116. Dark Matter Combat Rifle Paint
117. Dark Wood Laminate
118. Dart Board
119. Dead Mans Hand Posters
120. Death Awaits Skull Totem
121. Death Ray Bug Zapper
122. Decorative Room Divider
123. Deep Cave Bundle
124. Deep Cave Hunter Outfit
125. Diamond Eyes Face Paint
126. Down Home Comfort Bundle
127. Down Home Dweller Bundle
128. Down Home Wallpaper Set
129. Duster
130. Easter Bundle
131. Easter Rabbit Plushie
132. Electro 2000 Fireplace
133. Elm Tree Set
134. Encampment Bridge
135. Encampment Fences
136. Encampment Fortress Bundle
137. Enclave Backpack
138. Enclave Bundle
139. Enclave C.A.M.P. Bundle
140. Enclave Power Armor Paint
141. Enclave Turret Set
142. Equalizer Power Armor Paint
143. Eye Patch Bundle
144. F.E.T.C.H. Collectron Station
145. Fancy Thanksgiving Display Case
146. Farm Life C.A.M.P. Bundle
147. Fasnacht Bundle
148. Fasnacht C.A.M.P. Bundle
149. Fasnacht Collectron Station
150. Fasnacht Mask Bundle
151. Fasnacht Mask Display
152. Fasnacht Mystical Mask Bundle
153. Fat Man Aviator Paint
154. Feral Ghoul Bundle
155. Feral Ghoul Costume
156. Fez
157. Fire Chief Bundle
158. Fire Hazard Backpack
159. Firewatch Tower
160. Firing Range Posters
161. Fish Lamp
162. Floor Walker Outfit
163. Flower Cart
164. Fluorescent Light Set
165. Flyboy Bundle
166. Flyboy Icon
167. Flyboy Outfit
168. Four Poster Bed
169. Free States Scout Armor Paint
170. Freedom Stars Neon Sign
171. Freight Wagon
172. Fringed Dress
173. Future-Tec Bundle
174. Gag Glasses Bundle
175. Gala Dress
176. Gala Tuxedo
177. Gatling Plasma Copperhead Paint
178. Ghillie Netting Bundle
179. Ghoul Icon
180. Giant Neon Letters
181. Gladiator Outfit
182. Glow-in-the-Dark Map
183. Gold 50 Cal Machine Gun Paint
184. Gold Mr. Fuzzy Kiddie Ride
185. Gold Mr. Rocket Kiddie Ride
186. Golden Years Set
187. Good Fortunes Bundle
188. Grafton Monster Mascot Outfit
189. Grahm Plushie
190. Grahms Green Bundle
191. Green Thumb Bundle
192. Greenhouse Kit
193. Greenhouse Kit Bundle
194. Grognak Battlecry
195. Grognak Hero Bundle
196. Grognak Plushie
197. Gurney Bed Set
198. H.A.R.E. Power Armor Skin
199. Halberd
200. Halloween C.A.M.P. Bundle
201. Halo and Horns Set
202. Hammock
203. Hanging Planters
204. Haunted House C.A.M.P. Bundle
205. Haunted House Floor
206. Haunted House Porch Set
207. Haunted House Staircase
208. Hay Bales
209. Heart Balloons
210. Hellcat Outfit Bundle
211. Hellfire Regulator Power Armor Paint
212. Hero Statue Set
213. High-Powered Weapon Racks
214. High-Tech Stash
215. Holiday Nuclear Tree
216. Holidays Emote Bundle
217. Hot Tub
218. Hubris Comics Magazine Rack
219. Hubris Comics Wallpaper
220. Hunting Lodge Bundle
221. I Survived!
222. Imposter Assaultron Head
223. Inflatable Snowman
224. Inner Tube Deck Chair
225. Jail Walls
226. Junk Fences
227. Junkyard C.A.M.P. Bundle
228. Junkyard Dog Collectron Station
229. Junkyard Power Armor Paint
230. Kill, Laugh, Love Neon Sign
231. Large Nuka-Cola Bottle
232. Large Succulent Set
233. Laser Grid Door
234. Laundered Blue Dress
235. Laundered Cream Dress
236. Laundered Rose Dress
237. Leperchaun Outfit
238. Leprechaun Bundle
239. Leprechaun Outfit
240. Liberator Bot Lamp
241. Liberty Prime Power Armor Skin Set
242. Light Bulb Letters Set
243. Light Wood Laminate
244. Lion Dancer Outfit
245. Log Cabin Kit
246. Log Cabin Porch Set
247. Lover Girl Icon
248. Lucille's Lullaby
249. Lumberjack Bundle
250. Lumberjack Outfit
251. Makeshift Mega Mansion
252. Mascot Head
253. Matte Black Equalizer Power Armor Paint
254. Matte Black Handmade Paint
255. Mausoleum Bundle
256. Meat Cooler Backpack
257. Medical Scrubs
258. Medical Scrubs Cap
259. Medical Smile Mask
260. Medieval C.A.M.P. Bundle
261. Megaton Hairstyle
262. Military Beret Bundle
263. Mini Deathclaw Statue
264. Mini Nuke Planter
265. Mini Power Armor Statue
266. Minigun Chrome Paint
267. Missile Silo Shelter
268. Missile Silo Shelter Bundle
269. Mob Boss Bundle
270. Modern Ceiling Fan
271. Modern Fireplace
272. Modular Mainframe Set
273. Mole Rat Generator Suite
274. Mole Rat Icon
275. Mole Rats Painting
276. Monocle
277. Montani Semper Liberi
278. Moonshine Mama Mask
279. Mosaic Tiles
280. Mothman Bed
281. Mothman Cultist C.A.M.P. Bundle
282. Mothman Cultist Candle Torch
283. Mothman Cultist Goat Totem
284. Mothman Cultist Icon
285. Mothman Cultist Torches
286. Mothman Curtain Door
287. Mothman Frame
288. Mothman Furniture Set
289. Mothman Gas Mask
290. Mothman Hunter Bundle
291. Mothman Hunter Outfit
292. Mothman Jetpack
293. Mothman Neon Billboards
294. Mothman Outfit Bundle
295. Mothman Pip-Boy Paint
296. Mothman Plushie Backpack
297. Mothman Poster
298. Mothman Power Armor Paints and Lamp
299. Mothman Sleeping Bag
300. Mothman Statue
301. Mothman Traveler Bundle
302. Mothman Wallpaper Bundle
303. Mothman Worship Emote
304. Mountaineer Outfit
305. Mounted Fish Set
306. Mounted Radhog Head
307. Movie Poster Set
308. Mr. Claus Player Icon
309. Mr. Claus Suit
310. Mr. Fuzzy Backpack
311. Mr. Fuzzy Balloon Animal
312. Mr. Fuzzy Cowboy Plushie
313. Mr. Fuzzy Halloween Plushie
314. Mr. Fuzzy Kiddie Ride
315. Mr. Fuzzy New Year's Plushie
316. Mr. Fuzzy Player Icon
317. Mr. Fuzzy Power Armor Helmet
318. Mr. Fuzzy Tinkers Workbench
319. Mr. Fuzzy Valentine's Day Plushie
320. Mr. Pebbles Lamp
321. Mr. Pebbles Plushie
322. Mr. Pebbles Space Explorer Backpack
323. Mr. Rocket Kiddie Ride
324. Mrs. Claus' Dress
325. Mrs. Claus Player Icon
326. Mudflap Hat Set
327. Mummy Dearest Icon
328. Mushroom Lamp
329. Mutant Dummy
330. Nautical Anchor Tattoo
331. Neighborhood Square Shelter
332. Neon Palm Reader Sign
333. Neon Sign Set
334. New Year's Banner
335. New Year's Eve Bundle
336. New Year's Icon
337. New Year's Tuxedos Bundle
338. Night Eyes Icon
339. Night Terror Gauss Rifle Paint
340. No Thank You Emote
341. No Way Emote
342. Northern Lights Paint T-51 Power Armor Paint
343. Nuclear Holiday Tree
344. Nuclear Winter Poster Set
345. Nuka-Cola Bottle Display Rack
346. Nuka-Cola Bundle
347. Nuka-Cola Cask Stool
348. Nuka-Cola Cooler
349. Nuka-Cola Cooler Backpack
350. Nuka-Cola Curtain Door
351. Nuka-Cola Dark Power Armor Paints
352. Nuka-Cola Delivery Bundle
353. Nuka-Cola Jumpsuit Set
354. Nuka-Cola Neon Billboard
355. Nuka-Cola Projection Lamp
356. Nuka-Cola Quantum Bottle Lamp
357. Nuka-Cola Quantum Bundle
358. Nuka-Cola Quantum Sign
359. Nuka-Cola Secret Door Bundle
360. Nuka-Cola Stained Glass Lamps
361. Nuka-Cola Vending Machine
362. Nuka-Cola Wallpaper Set
363. Nuka-Girl Rocketsuit
364. Old Man Summer Mask
365. Old Possum Bar Sign
366. Old West Bar Set
367. Ole Timey Diner Bundle
368. Outhouse
369. Pack Rat Backpack
370. Painting Set 2
371. Pajamas
372. Pale Rider Photoframe
373. Pale Rider Power Armor
374. Pallet Wood Floor
375. Pallet Wood Wallpaper
376. Parachute Backpack
377. Park Ranger Bundle
378. Park Ranger Power Armor Skin
379. Patriotic The Fixer Paint
380. Pickaxe Pilsner Bar Sign
381. Pink Neon Heart Sign
382. Pipe Organ
383. Pitt Scaffold Kit
384. Plague Doctor Mask
385. Plain Curtain Door
386. Plasma Ball Set
387. Plotting Table
388. Plushie C.A.M.P. Bundle
389. Poodle Skirt
390. Portrait Secret Door
391. Potted Succulents
392. Pristine Moe the Mole Outfit
393. Pumpkin Vault Girl Head
394. Raider Collectron Station
395. Raider Culinarian Outfit
396. Raider Pathfinder Outfit
397. Raider Salute
398. Raider Skinner Outfit
399. Raider Skull Gas Mask
400. Raider Vending Machine
401. Raider Warlord Outfit
402. Raider Waster Bundle
403. Rain Water Collector
404. Raven Perch
405. Red Enamel Stove
406. Red Menace Backpack
407. Red Menace Bundle
408. Red Modular Mainframe
409. Red Rocket Diner Set
410. Red Rocket Door
411. Red Rocket Garage
412. Red Rocket Mega Furniture Bundle
413. Red Rocket Power Connectors
414. Red Rocket Ranger Power Armor Bundle
415. Red Rocket Stash Box
416. Red Scare Power Armor Skin
417. Red Shift Backpack
418. Red Shift Floor
419. Red Shift Power Armor Skin
420. Responder Power Armor Paint
421. Responders Bundle
422. Rest in Pieces C.A.M.P. Bundle
423. Revolutionary Bundle
424. Revolutionary Outfit
425. Roadtripper Outfit
426. Robber Halloween Bundle
427. RobCo Snow Machine
428. Robot Steins Display Case
429. Rocket Ceiling Fan
430. Round Deck Table
431. RR Ranger Power Armor Paint
432. Rusted Chain link Fence
433. Rustic Fountain
434. Rustic Greenhouse Bundle
435. Rustic Greenhouse Kit
436. Rustic Room Divider
437. Rustic Sink
438. Rusty Raider Skull Gas Mask
439. Samurai Outfit
440. Santa Bag Backpack
441. Santa Statue
442. Santa's Slay Power Armor Bundle
443. Santatron Collectron Station
444. Satellite Dish
445. Scavenger Collectron Station
446. Screaming Eagle Handmade Gun Skin
447. Screaming Eagle Wood Skin
448. Secret Service Backpack
449. Secret Service Bobblehead Stand
450. Secret Service Camo Bundle
451. Secret Stash Bookcase
452. Seedy Shed
453. Sequin Dress
454. Shadow Prime Power Armor Skin
455. Share the Love Bundle
456. Sheepsquatch Plushie
457. Shelter Catwalk Bundle
458. Shelters Mainframe Bundle
459. Shogatsu Bundle
460. Silver Shroud Costume
461. Silver Shroud Plushie
462. Six Pack Loot Bag
463. Skull Lord War Suit
464. Skull Mask
465. Skull Totem Set
466. Slocum's Joe C.A.M.P. Bundle
467. Slocum's Joe Coffee Machine
468. Snow Globe Lamp
469. Snowglobe
470. Solid Color Wallpaper Set
471. Space Suit
472. Spiked Barricade
473. Spikehawk Hairstyle
474. Spring Bundle
475. Square Rug Bundle
476. Stainless Steel Refrigerator
477. Stalker Outfit
478. Standing Lamp
479. Stanley
480. Stocking Set
481. Street Lamps
482. Stuffed Radstag
483. Summer Shorts
484. Sun Hat
485. Super Angry
486. Survivalist Outfit
487. Thanksgiving Bundle
488. Thanksgiving Kitchen Bundle
489. The Nighthawk Skin
490. The Quack Outfit
491. Theremin
492. Top Secret Door
493. Trailblazer Bundle
494. Turkey Mascot Outfit
495. Untarnished Alien Blaster Paint
496. Valentine's Backpack
497. Vampire Costume
498. Vault Boy/Girl Power Armor Helmet Set
499. Vault Girl Mascot Head
500. Vault Girl Scribble Head
501. Vault-Tec Grandfather Clock
502. Vault-Tec Laser Gun Paint
503. Vault-Tec Locker Bay
504. Vault-Tec Refrigerator
505. Vault-Tec Spa
506. Vault-Tec Starter Bundle
507. Vendor Sign Set
508. Vintage Linen Coat
509. Wall Weapon Racks
510. War Rider Power Armor
511. Warband Face Paint
512. Waste Barrel Planter
513. Wasteland Trapper Outfit
514. Wasteland Werewolf Outfit
515. Watchpost
516. Waterbed
517. Wavy Willard's Letters
518. Wavy Willard's Park Bundle
519. Wavy Willard's Swimsuit Bundle
520. Wavy Willard's Wipeout Slide Bundle
521. Welcome Friends Sign
522. Welcome Home Neon Sign
523. Welcome to Helvetia Bundle
524. West Virginia Table Set
525. Western Bar Bundle
526. White Wallpaper
527. Whitesprings C.A.M.P. Bundle
528. Whitesprings Wallpaper Set
529. Wildman Rags
530. Wildwood Den Bundle
531. Wildwood Tavern
532. Wildwood Tavern Bundle
533. Willard Plushie
534. Wolf Howl Emote
535. Worm Farm
536. Wrought Iron Fence
537. Zoltan Fortune Teller

EDIT: Added an explanation for posting this list here and a link to the web page it was extracted from.
EDIT2: I am quite surprized by how many people have found this list handy! I will check back with the Support page from time to time and update this list should anything change.
EDIT3: I have only now noticed the dreadful spelling in the list--almost as bad as my own! 'Armor', 'Color'??? I suppose it may be American spelling but whatever the case for once it is not my fault!!!
EDIT4: I will try to remember to update this every month. If it looks like I haven't done so for a while please drop me a PM and I will grab the latest data. Due to forum policy the mods do not make any threads 'sticky' so the whole thing will have to be re-posted in June/July anyway.

Author: u/RichAdults(Karma: 1443, Created: Dec-2020).
$PSFE - Paysafe ready to beat analyst estimates as BlackRock loads 8.3M shares on WallStreetBets
TLDR: trading near all time low on zero bad news. None of this long list has been priced in yet. Meanwhile institutions are buying 21x more than selling.
​
In light of China’s recent crackdown on payment processors, FinTech company Paysafe’s strategic move last year to exit those high-risk revenue channels is looking pretty smart. This de-risking will temporarily dampen Q2 YoY revenue growth, as it did with Q1, however, their CC transcripts indicate that tactical exit will likely no longer affect YoY revenue going into Q3 and Q4.
But this upcoming earnings report is less about revenue growth than it is about forward guidance and updates on their ongoing restructuring, acquisition pipeline and how their recent deleveraging will affect margins and free cash flow.
They reported strong FCF growth last quarter and a recent CNNE quarterly report revealed that, along with recently paying down $1.2 billion in debt, upon a Moody's upgrade, Paysafe successfully refinanced their remaining debt. This, overall restructuring could translate to $150+ million in cost savings annually which can dramatically improve their profit, free cash flow and M&A outlook: critical elements of their growth strategy.
EPS
Even if this ER is about forward guidance, there’s a good chance for an EPS beat which will make Q2 Paysafe’s first profitable quarter as a newly public company. Analysts’ average EPS estimate is reported to be 0.01 or 0.02 (depending on the source). We know that in Q1, without the $90+ million in one-time, non-recurring expenses associated with going public and paying down $1.2B debt, they would have beat analysts estimates with a positive EPS. For Q2, they won’t have those expenses so, unless they introduce new costs from refinancing or impairment expenses on intangible assets, there appears to be solid basis for an EPS beat. My loose guess is for 0.05 EPS or better. Not a big deal to me if it doesn’t work out that way, but it’s entirely plausible.
Revenue
Regarding revenue, even though Paysafe is already integrated as a payment processor with 75% of US iGaming operators, let’s ignore the facts that

• many new states have legalized sports betting during Q1/Q2 (see below),
• Paysafe’s Q2 revenue could be bolstered by the strong growth recently reported by its several partners like Wynn, Caesar’s, DraftKings and Penn,
• Paysafe has new revenue streams from recent deals with Coinbase, Microsoft/XBox, Luckbox, Wix, WynnBet, ESL Gaming, PointsBet, Virginia Lottery, Rent Moola, Provena, FoxBet, Golden Nugget etc.,
• Paysafe said early Q2 was already showing signs of record growth: “We continue to be pleased with where the top-line trends are going. We've had some actual record days in e-commerce processing, historical records, not just recovery records, but historical records.”
• or that the American Gaming Association reports sports betting has generated $1.8 billion in the first six months of 2021, 20% more than all of 2020 combined ($1.5B).

Rather than speculate about how much of that new revenue will affect Paysafe’s Q2 balance sheet, I prefer to keep my sights on analysts estimates and Paysafe’s own guidance, which has conservatively excluded US iGaming growth projections (55% CAGR).
Paysafe offers Q2 revenue guidance of $365 - $385 million. With $341 million in revenue for Q1’20, this represents 7% to 13% YoY quarterly growth. We’ve seen very little reason for them to miss this guidance. Quite the contrary.
Analysts’ average Q2 revenue estimate is reported to be between $371.5 million and $378 million (depending on the source). That's right in the middle of guidance. Last quarter, Paysafe came in at the upper range of their guidance which, given all the good news, suggests that there’s a very good chance that they’ll beat the analyst estimate. That would result in around 9% to 11% YoY quarterly growth, which would be a solid improvement from Q1.
As a long-term investor, I’ll be happy with anything above 7%. From there, any upside surprise will be welcome.
Last quarter, Paysafe confirmed their 2021 full year projections of $1.53 billion in revenue, $930-$970 million in gross profit, double-digit growth and expanding 30-35% EBITDA margins, and $103 billion in transactional volume. Paysafe’s already strong $362 million in free cash flow was reported to be on track for 29% growth in 2021.
This confirmed guidance implies that Q3 and Q4 will likely represent stronger revenue growth to compensate for the sluggish Q1 growth due to the channel exits. By Q3, Paysafe's balance sheet should reflect their many new partnerships and new US state markets opening up to legalized sports betting.
Recent Price Action
As Chairman of the Board Bill Foley recently noted, Paysafe "has been unduly punished as the inevitable shareholder rotation plays out."
Over the last few months many sources confirm regular and heavy intraday short volume (not short interest) which has successfully tanked the stock price on nothing but good news from the company. Meanwhile 13F filings continue to reveal institutions loading shares.
[Side note: Some have a hard time wrapping their heads around this but the SEC allows this type of intraday price manipulation under the shield of making a market. It's a legal loophole that allows market makers to walk down (or up) the price to shake out weak hands in order to fill institutional orders by the end of each day. It doesn't help that many financial news outlets continue to misrepresent Paysafe’s data, claiming they have only 4 employees and falsely reporting a massive Q1 EPS miss of -0.37 and -0.38 (Yahoo/CNBC). It was only 0.02. Such things can definitely deter investors who undertake proper due diligence so, hopefully, these outlets will get around to reporting accurate data.] But I digress.
While the shenanigans have gone on, bringing the price near all time lows and pushing many retail shareholders to capitulation, Fintel reports institutions are accumulating 21 times more than they are selling. Very recent 13F’s show Susquehanna increased their stake by 48% to over 3 million shares, Citigroup increased their position by 5000% to around 1.3 million shares, Bank of New York Mellon bought half a million shares and BlackRock just opened a new position of 8.3 million shares.
Bottom?
Whoever has been pinning the stock down has always stopped near these current levels because its more or less the price paid by respected fund managers like Dan Loeb (Third Point 41.5 million shares), David Tepper (Appaloosa Management, 10 million shares), Aaron Cohen (Survetta Capital, 13 million shares), Dipanjan Deb (Francisco Partners, 20 million shares) and Leon Cooperman (personally owns 1.1 million shares). In fact, the current price is likely below where Wells Fargo bought 13M shares, where BlackRock bought their 8.3M shares and where Blackstone took on another 37 million shares, according to their 13F's.
The current low price poses an interesting opportunity for value investors because, since those major fund managers decided to invest near this level, Paysafe has had zero bad news while steadily executing on their promised strategy to expand to new markets, invest in technology, leverage expertise in risk management and data mining, improve margins, and as Bill Foley put it, “cross-sell, cross-sell and cross-sell.”
Said in another way, because Paysafe has excluded US iGaming growth from its projections, literally none of the following developments in value creation have yet been priced in:

• Dec. 15 — Paysafe launches Paysafecash in the US to enable online cash payments
• Dec. 21 — Paysafe partners with Amelco to plug US sports books into unified payments platform
• Dec. 23 — Paysafe enables online cash payments for Microsoft customers
• Jan 11 — Paysafe partners with Colorado’s BetWildwood to provide unified payment platform
• Jan 13 — Paysafecard launches in Moldova
• Feb 1 — Paysafe expands Virginia Lottery partnership to integrate Income Access, its EGR B2B award winning marketing platform
• Feb 17 — Paysafe partners with Luckbox to roll out Skrill and Neteller payment services
• Feb 18 — Paysafe expands partnership with ESL Gaming, the world’s largest esports company
• Feb 23 — Paysafe’s Skrill launches new fiat-to-digital currency withdrawal service
• Feb 25 — Paysafe partners with Austria’s A1 esports League
• Feb 25 — Paysafe uses Snowflake to develop new cloud-based data science models
• Feb 26 — Paysafe wins “Best Omni-Channel Payment Solution” 2021 MPE Award
• Mar 1 — Paysafe partners with RentMoola to enable US renters to pay rent with Paysafecash eCash
• Mar 4 — Paysafecard wins gaming industry SAGSE award for “Best Payment Method”
• Mar 12 — Leeds United announces partnership with Skrill
• Mar 15 — Paysafe expands U.S. partnership with PointsBet into Michigan
• Mar 16 — Paysafe partners with Provema to enable online cash payments for loans and insurance purchases
• Mar 18 — Paysafe announces new Board of Directors
• Mar 19 — Paysafe to Power Payments for Play Alberta
• Mar 25 — Paysafe’s Skrill expands offering to US with Coinbase
• April 1 — Paysafe’s Neteller launches Knect customer reward program
• April 1 -- Moody's upgrades Paysafe to B1; stable outlook
• April 15 — Paulo Dybala signs as Skrill brand ambassador
• April 21 — Paysafe achieves CarbonNeutral certification for 2021 and 2022
• April 27 — Paysafe launches lifetime rewards for Skrill and Neteller customers
• April 29 — Paysafe selects AWS for strategic cloud-based services as part of its cost saving restructuring
• May 17 — Paysafe partners with TripGift to enable online cash payments for global gift giving
• May 20 — Skrill USA launches Skrill Virtual Visa Prepaid Card in US
• May 26 — REPAY partners with Paysafe to enable US merchants to accept online cash payments
• June 1 — Skrill partners with Wix to support commence business growth
• June 2 — Paysafe streamlines US SMB payments with SimplePayMe
• June 3 — Paysafe and Golden Nugget expand partnership into Michigan iGaming market
• June 7 — Paysafe expands US partnership with IntelliPay to offer online cash payments
• June 23—Swiss Residents Now Able to Settle Bills Using Paysafecash
• June 29 — Paysafe expands FOXBet partnership into Michigan
• June 30 — Paysafe Enables Online Cash Payments on Microsoft Store on Xbox
• July 8 — Paysafe wins 2021 EGR B2B award for best ‘Affiliate Software Supplier’
• July 8 — Paysafe Launches unique industry-leading global travel safeguarding model, offsetting risks of non-delivery of services due to events like Covid.
• July 13 — Paysafe adds 20 new digital currencies to its digital wallet and expands this service to 11 new US states, bringing US presence to 48 states.
• July 14 — Paysafe partners with WynnBet to provide US payment and marketing solution
• July 19 — Paysafe expands into North American property management space with Smart Property Systems partnership to provide embedded payment solutions for property managers and tenants.
• July 20 — Fantasy Sports Platform OwnersBox Launches New Affiliate Program with Paysafe’s Income Access
• July 21 — Paysafe Partners with Bankable, a global architect of scalable ‘banking-as-a-service’ solutions, to launch a broad range of integrated, omnichannel banking services. This technology driven partnership works synergistically with several segments including their new global travel safeguarding initiative. It also enables them to make the Paysafecash card brandable allowing their many partners to customize for promotions and gifts to drive customer traffic (and revenue for Paysafe).
• July 26 — Paysafe’s Boards adds Mark Booker, former COO of BetFair & Trainline, who brings deep experience in two of Paysafe’s key growth spaces: iGaming and travel.
• July 27 — Parx Interactive integrates Paysafe’s full payment suite in the first phase of a multi-state partnership
• Aug 2 — Paysafe Acquires PagoEfectivo, a company with strong growth in a rapidly expanding market that will benefit from Paysafe’s cloud-based platforms. This acquisition can offer tremendous growth to their eCash segment and will likely give PSFE’s Q4 top line a solid boost.
• Aug 4 — Paysafe Partners with ARC, a payment settlement service that processes $97 billion for over 200 airlines globally. This deal is a direct result of Paysafe’s recently announced travel safeguarding model (July 8) which is unique in the payment industry in improving airline liquidity while reducing their costs and risks. "Paysafe also allows airlines to offer travelers an extended choice of payment methods for direct sales. In addition to credit or debit card payments processed through Paysafe’s leading payment gateway, travelers can also pay using the Paysafecash eCash solution as well as more than 100 other alternative payment methods, all protected from chargebacks." Based on travel in a normal year, this deal can potentially represent a transactional volume of $10 billion in eCash and $87 billion in credit and debit. (Many retail investors seem to not yet understand that Paysafe’s gateway processes all sorts of payment methods including credit cards, debit cards, eCash, and even PayPal.)
• Aug 9 — Ambassador Cruise Line appoints Paysafe as payments processor
• Aug 10 — Paysafe appoints Chirag Patel, former Head of Payments at Santander and Amazon Intl., as CEO of Digital Wallet division

M&A / inorganic growth
Along the lines of value creation, Bill Foley, Chairman of Fidelity and now Chairman of Paysafe, recently reminded shareholders that Paysafe has, “an aggressive pipeline of M&A opportunities I am leading management in pursuing.”
Inorganic growth through M&A is a major pillar of Paysafe’s strategy going forward and it is significant that Bill Foley, a major shareholder, is leading the charge. Foley is a known M&A synergy wizard, particularly in the financial services arena. He took Fidelity National Financial from $3 Million market cap to $10.8 Billion. Yeah, that's 3,600X. Over just the last five years, Foley successfully grew Ceridian 3.3X ($4.2B to $14B), Dun & Bradstreet 5.6X ($2B to $11.3B), and Black Knight 8.7X ($1.6B to $14B).
Through his proven M&A playbook, Foley is also legendary for growing FIS from $1 billion to over $88 billion market cap: an 88x return. He says “Those characteristics of FIS are right in line with what we plan on doing with Paysafe.” 6,9
Foley discusses the FIS/Paysafe comparison further: “FIS operated in a highly fragmented industry. We utilize platform and technology stack to consolidate and drive organic and inorganic revenue growth and improved margins. FIS expanded its product offering, invested in technology, and improved its scale and margins of the business. Today, that $1 billion investment has a market capitalization of $88 billion. FIS has very similar characteristics to Paysafe – an attractive platform with a defensible market position. Upside from acquisition integration, platform consolidation and cross-selling. We will cross-sell, cross-sell, and cross-sell. There are multiple attractive acquisition opportunities that will strengthen our market position even further and we're positioned to win in key attractive high growth markets.”
Rounding out the Picture:
#1 global leader in iGaming, #2 digital wallet in the world, and #4 globally in integrated merchant processing. Paysafe is an extremely diversified global payment processor that is currently expanding into the US and Latin American markets. It has a transactional volume approaching $100 billion in over 40 currencies.
Through its eCash network, Paysafecard enables those without basic ID metrics, credit cards, or even bank accounts (the 1.7 billion “unbanked” globally) to engage in eCommerce in over 50 countries. This segment grew 63% YoY. Recently, Microsoft introduced Payesafecard to its Xbox platform in 22 countries.
#4 globally in integrated merchant processing, Paysafe’s proprietary scalable electronic payment platform was voted “Best Omni-Channel Payment Solution”, “Payment Processor of the Year,” and “Best Payment Method.”
Paysafe is #2 globally in the digital wallet space with a presence in 120 countries. They own Neteller and Skrill, which was voted “Best Digital Wallet” for “best consumer take up”, “most innovative technology” with “greatest potential to disrupt current ecosystems.”
Trustpilot rates Paysafecard as “Excellent” (4.7/5 stars-31,981 reviews), Paysafe’s digital wallet Skrill as “great” (4.1/5 stars-18,037 reviews) and Skrill Money Transfer as Excellent (4.8/5 stars - 8,349 reviews). 11 -- By contrast, Truspilot rates Stripe as “Average 3.4/5 stars- 6,208 reviews), Venmo as “bad” (1.2/5 starts - 222 reveiews), Zelle as “bad” (1.2/5 stars - 326 reviews) and PayPal as "bad" (1.2/5 stars-18,555 reviews). 12
iGaming Expansion
It's worth repeating that Paysafe's multi-year revenue projections do not include growth from their ongoing US iGaming expansion (projected at 55% CAGR). “At Paysafe, the iGaming market volume was estimated to be $3.4 billion in 2019, and is now projected to reach $47 billion in 2025.”
Paysafe is the #1 global leader in iGaming, a space that is extremely difficult to enter, due a very complex risk and regulatory landscape. Paysafe’s expertise in multi-jurisdictional regulations is an important aspect of its competitive MOAT (as discussed below). Paysafe is also an integrated back-end payment processor so many users don’t realize they are utlizing their gateway, whether by cash, debit, credit card or digital currencies.
In the wake of a US Supreme Court decision allowing state-legalized sports betting, Paysafe is actively laying the groundwork for their US expansion. They are already integrated with 75% of all US iGaming operators.
As Bill Foley says, "we’re seeding the future growth right now by state and by operator... The day a state opens up, we are there ready from a regulatory perspective, from a risk perspective, and from a product perspective. ...It’s our job to be there first and to make sure we dominate."
He continues, "It’s going to be a land grab. We want to be out there about 10 miles ahead of everybody else... I have a vision that we should be THE digital wallet and have tie-ins with every major casino company that’s headquartered or located in Las Vegas. There will be money to be made for everybody... We’ve got a wide landscape we can attack. It’s pretty exciting”
Fund manager Dan Loeb agrees: “We believe the US is poised to become the largest online gambling market globally as it begins to deregulate state by state and Paysafe is exceptionally positioned to capitalize as the global market leader.”
Compass Point analyst Michael Del Grosso initiated coverage with an Outperform noting, “PSFE operates in high-growth verticals, has a unique advantage in its consumer and merchant facing solutions, and offers exposure to a secular growth opportunity in the potential legalization of iGaming in the United States,”
Del Grosso, who gave Paysafe a $19 price target added, “we believe there is upside to our forecasts in the event of state-level legalization of iGaming.” 5 Some headlines since Del Grasso wrote that:
​

• "New York State Legalizes Online Sports Wagering"
• "Maryland Online Sports Betting Bill Passes Legislature"
• “New Hampshire sports betting deal approved overwhelmingly; Hogan likely to sign"
• "Arizona governor signs bill legalizing sports betting"
• "Wyoming Legalizes Sports Betting"
• ”Delaware igaming revenue up 74.3% year-on-year in March"
• "Pennsylvania gambling revenue rockets 162.7% in March - The biggest increase was recorded for sports wagering, where revenue rocketed by 326.1%"
• “Caesars Entertainment (Paysafe partner) announced Official Sports Betting Partner of NFL"
• “Michigan’s online sports betting launch hailed a success, Ohio could follow this year”
• “Ohio legislators doubling down on legalized sports gambling”
• “Louisiana Begins The Process of Legalized Sports Betting”
• “Path to legalized Texas sports betting becomes more clear”
• “NC lawmakers make push to legalize sports gambling to generate funding for schools”
• “Florida poised to offer sports betting under major gambling deal”
• “Legal Sports Betting Could Get To California Sooner Than You Think”
• “Canada legalizes single-game sports betting”

Analysts universally rate Paysafe as a "BUY"
Some quotes :
RBC Capital 5-star analyst Daniel Perlin: “We believe PSFE offers a unique combination of digital wallet capabilities, accelerated cash conversion for consumers who would otherwise be out of the ecommrece loop, and integrated payments, all focused on specialized & complex end-markets, which creates a competitive moat and pricing power.” “recent underperformance is largely due to the complex nature of PSFE’s business and the FTAC II transaction” and adds his view that Paysafe offers one of the best combinations of services in online payment space: “PSFE has created a unique two-sided network enabling merchants to accept online & in-store payments (in specific niche verticals), while also offering consumers a digital wallet & eCash solution, which converts cash-heavy users to digital users. We believe it’s this combination that enables PSFE to generate superior take rate economics vs. peers.” 4
RBC recently reiterated their Outperform rating saying: “Our positive thesis is predicated on three key points including: (1) PSFE has a unique set of assets within the payments space, in that it’s a digital wallet, an integrated payment platform (with \~50% tethered to online transactions), and provides an on ramp for cash to be digitized via eCash, and it’s the combination of the three that create a two-sided market (serving both merchants & consumers), (2) new secular growth opportunity in US iGaming, which is in its early innings and could surprise investors to the upside, and (3) Bill Foley (Non-Executive Chairman) and his team have a long history of driving share holder value, which we expect to continue at PSFE.
BMO Capital, 5-star analyst, James Fotheringham: “PSFE is a global leader in iGaming (online betting related to sports, poker, and other casino games, as well as lotteries and bingo). Indeed, 36% of PSFE’s revenues are from global iGaming. That is far more than for any of its peers.” iGaming deposit volumes in the U.S. will grow “at more than five times the rate of growth elsewhere in the world” with a "5-year CAGR (compound annual growth rate) of between 40% to 55%." 3
Evercore ISI analyst David Togut 'praised Paysafe for its “robust risk management operation,” and its high rankings in several key performance indictors globally, including cash network, stored digital wallet value, and amount of partnered independent merchants.' 2
MOAT: “robust risk management operation”
So why does Paysafe dominate iGaming and how is it able offer eCommerce services to the unbanked?
Their industry leading multi-jurisdictional regulatory expertise offers a durable advantage in spaces where competing fintechs are hesitant or unwilling to enter. CEO Philip McHugh from CC transcripts : “When we talk about a deep and a wide MOAT, this is absolutely one of the areas that we see that benefit where it’s hard to copy.…We have over 300 professionals dedicated to risk, compliance, and analytics. That is very, very rare in the payments space. It’s a real strength of ours. We’ve been able to track some of the top people in the industry, including the former CRO from PayPal, and we’ve upgraded the team, we’ve built some real data capabilities, and we see this continuing to be an area of differentiation for Paysafe versus others.”
“We can de-risk some transactions where the market has abandoned many of these players…we bring millions of consumers into the ecosystem. We bring unique ways to pay and access funds that a typical card processor certainly can’t do. When you have that two-sided network, you change the conversation. When we speak to some of our largest iGaming customers, we’re not only talking about take rates and comps, we’re talking about revenue-generation, we’re talking about attracting the types of customers that they want and they need in their ecosystem. That’s a really, really powerful position to have.” 9
Valuation
A while back I looked at a basket of fintech peers including PayPal, Square, Nuvei, Repay, Shift4, Adyen, Affirm, BILL, GPN, and Paysign.
Paysafe reports 30%+ EBITDA margin, mid-to-high teen EBITDA growth, and $362 million in free cash flow (now on track to increase 29%),
By comparison, a third of the peer group reported negative EBITDA, half reported negative EBITDA growth, and a third negative free cash flow.
Paysafe also has better EPS than over half the group and better Debt/EBITDA ratio than 3/4 of them.
The group's collective growth rate of ~12.5% is in the range of Paysafe's 10-13% projections but the company's estimates may be intentionally conservative as they do not take into account M&A growth (recent new acquisition) nor their current expansion into US iGaming.
Since 2017, Paysafe grew revenue 65% from $864 million to $1.418 billion (28% CAGR pre-Covid). Last year, due to Covid-related brick-and-mortar business and sporting event closures, along with their exiting high-risk Asian revenue channels, 2020 revenue stagnated. This is the reason they recently reported only 5% YoY quarterly growth. In their Q1 ER, management noted that, without those channel exits they would have reported growth in the “mid to high teens.” But even if you include 2020’s stagnant growth, their overall revenue growth since 2017 was still 18% CAGR. This is roughly the same as PayPal’s current projected growth. Incorporating US iGaming growth will of course reveal a whole new picture.
Given all the above factors, it seems fair to look at Paysafe's potential price based on an average of the multiples for the above peers:

Paysafe’s share price with average of sector peer multiples:

• EV/EBITDA ratio : $122.09
• EV/Rev ratio : $83.91
• EV/FCF ratio : $87.86

Average: $97.95
​

More conservative price after removing all outliers in each category which put PSFE share price over $100

• EV/EBITDA ratio : $50.75
• EV/Rev ratio : $44.64
• EV/FCF ratio : $44.18

Average : $46.52
​
In a nutshell, the basket of sector peers has an average growth within Paysafe’s conservative projections yet they trade at 350-750% higher multiples. With Paysafe having better financials than most, it is hard to argue that this is proportionate. Either the entire field has to come down or Paysafe has to go up. Veteran market analyst Steve Grasso's call for "$45/55" may actually be quite reasonable.
This is not investment advice. For those who do want to invest in Paysafe, my only advice is to stay away from options. I’ve watched this stock for a long time and the market makers have a track record of ruthlessly blowing up those positions. Common shares is the way.
Sources:
(1) see institutional ownership (WSB won’t allow link)
(2) https://finance.yahoo.com/news/paysafe-poised-profit-085250018.html
(3) https://themoneymanifesto.com/2021/06/21/paysafe-is-ready-to-ride-the-igaming-wave-analyst-says-buy/
(4) https://www.nasdaq.com/articles/billionaire-david-tepper-places-bet-on-3-strong-buy-stocks-2021-06-04
(5) https://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Compass+Point+Starts+Paysafe+Group+Ltd.+%28PFSE%29+at+Buy%3B+All-In+on+an+iGaming+Opportunity/18197588.html
(6) https://www.sec.gov/Archives/edgadata/1818355/000119312520311998/d54063d425.htm
(7) https://www.paysafe.com/fileadmin/content/pdf/Analyst_Day_presentation_March_9__2021.pdf
(8) https://sec.report/Document/0001104659-20-089252/
(9) https://www.sec.gov/Archives/edgadata/1818355/000119312520311837/d18843d425.htm
(10) https://www.globalcapital.com/article/b1s344yyc1zccx/paysafe-preps-post-spac-refi
(11) https://www.trustpilot.com/review/www.paysafecard.com
(12) https://www.trustpilot.com/review/www.paypal.com
TickerDatabase was not updated due too many tickers.

Author: u/greensymbiote(Karma: 2847, Created: Jan-2021).
For the OG BFT bagholders: Paysafe poised to beat estimates & BlackRock is now in for 8.3M shares. Trading near NAV on spacs
Paysafe (PSFE) Q2 Earnings: August 16 - premarket
TLDR: Institutions are currently buying 21x more than selling while it trades near all time low. None of the long list below has been priced in yet.
In light of China’s recent crackdown on payment processors, FinTech company Paysafe’s strategic move last year to exit those high-risk revenue channels is looking pretty smart. This de-risking will temporarily dampen Q2 YoY revenue growth, as it did with Q1, however, their CC transcripts indicate that tactical exit will likely no longer affect YoY revenue going into Q3 and Q4.
But this upcoming earnings report is less about revenue growth than it is about forward guidance and updates on their ongoing restructuring, acquisition pipeline and how their recent deleveraging will affect margins and free cash flow.
They reported strong FCF growth last quarter and a recent CNNE quarterly report revealed that, along with recently paying down $1.2 billion in debt, upon a Moody's upgrade, Paysafe successfully refinanced their remaining debt. This, overall restructuring could translate to $150+ million in cost savings annually which can dramatically improve their profit, free cash flow and M&A outlook: critical elements of their growth strategy.
​
EPS
Even if this ER is about forward guidance, there’s a good chance for an EPS beat which will make Q2 Paysafe’s first profitable quarter as a newly public company. Analysts’ average EPS estimate is reported to be 0.01 or 0.02 (depending on the source). We know that in Q1, without the $90+ million in one-time, non-recurring expenses associated with going public and paying down $1.2B debt, they would have beat analysts estimates with a positive EPS. For Q2, they won’t have those expenses so, unless they introduce new costs from refinancing or impairment expenses on intangible assets, there appears to be solid basis for an EPS beat. My loose guess is for 0.05 EPS or better. Not a big deal to me if it doesn’t work out that way, but it’s entirely plausible.
​
Revenue
Regarding revenue, even though Paysafe is already integrated as a payment processor with 75% of US iGaming operators, let’s ignore the facts that

• many new states have legalized sports betting during Q1/Q2 (see below),
• Paysafe’s Q2 revenue could be bolstered by the strong growth recently reported by its several partners like Wynn, Caesar’s, DraftKings and Penn,
• Paysafe has new revenue streams from recent deals with Coinbase, Microsoft/XBox, Luckbox, Wix, WynnBet, ESL Gaming, PointsBet, Virginia Lottery, Rent Moola, Provena, FoxBet, Golden Nugget etc.,
• Paysafe said early Q2 was already showing signs of record growth: “We continue to be pleased with where the top-line trends are going. We've had some actual record days in e-commerce processing, historical records, not just recovery records, but historical records.”
• or that the American Gaming Association reports sports betting has generated $1.8 billion in the first six months of 2021, 20% more than all of 2020 combined ($1.5B).

Rather than speculate about how much of that new revenue will affect Paysafe’s Q2 balance sheet, I prefer to keep my sights on analysts estimates and Paysafe’s own guidance, which has conservatively excluded US iGaming growth projections (55% CAGR).
Paysafe offers Q2 revenue guidance of $365 - $385 million. With $341 million in revenue for Q1’20, this represents 7% to 13% YoY quarterly growth. We’ve seen very little reason for them to miss this guidance. Quite the contrary.
Analysts’ average Q2 revenue estimate is reported to be between $371.5 million and $378 million (depending on the source). That's right in the middle of guidance. Last quarter, Paysafe came in at the upper range of their guidance which, given all the good news, suggests that there’s a very good chance that they’ll beat the analyst estimate. That would result in around 9% to 11% YoY quarterly growth, which would be a solid improvement from Q1.
As a long-term investor, I’ll be happy with anything above 7%. From there, any upside surprise will be welcome.
Last quarter, Paysafe confirmed their 2021 full year projections of $1.53 billion in revenue, $930-$970 million in gross profit, double-digit growth and expanding 30-35% EBITDA margins, and $103 billion in transactional volume. Paysafe’s already strong $362 million in free cash flow was reported to be on track for 29% growth in 2021.
This confirmed guidance implies that Q3 and Q4 will likely represent stronger revenue growth to compensate for the sluggish Q1 growth due to the channel exits. By Q3, Paysafe's balance sheet should reflect their many new partnerships and new US state markets opening up to legalized sports betting.
​
Recent Price Action
As Chairman of the Board Bill Foley recently noted, Paysafe "has been unduly punished as the inevitable shareholder rotation plays out."
Over the last few months many sources confirm regular and heavy intraday short volume (not short interest) which has successfully tanked the stock price on nothing but good news from the company. Meanwhile 13F filings continue to reveal institutions loading shares.
[Side note: Some have a hard time wrapping their heads around this but the SEC allows this type of intraday price manipulation under the shield of making a market. It's a legal loophole that allows market makers to walk down (or up) the price to shake out weak hands in order to fill institutional orders by the end of each day. It doesn't help that many financial news outlets continue to misrepresent Paysafe’s data, claiming they have only 4 employees and falsely reporting a massive Q1 EPS miss of -0.37 and -0.38 (Yahoo/CNBC). It was only 0.02. Such things can definitely deter investors who undertake proper due diligence so, hopefully, these outlets will get around to reporting accurate data.] But I digress.
While the shenanigans have gone on, bringing the price near all time lows and pushing many retail shareholders to capitulation, Fintel reports institutions are accumulating 21 times more than they are selling. Very recent 13F’s show Susquehanna increased their stake by 48% to over 3 million shares, Citigroup increased their position by 5000% to around 1.3 million shares, Bank of New York Mellon bought half a million shares and BlackRock just opened a new position of 8.3 million shares.
Bottom?
Whoever has been pinning the stock down has always stopped near these current levels because its more or less the price paid by respected fund managers like Dan Loeb (Third Point 41.5 million shares), David Tepper (Appaloosa Management, 10 million shares), Aaron Cohen (Survetta Capital, 13 million shares), Dipanjan Deb (Francisco Partners, 20 million shares) and Leon Cooperman (personally owns 1.1 million shares). In fact, the current price is likely below where Wells Fargo bought 13M shares, where BlackRock bought their 8.3M shares and where Blackstone took on another 37 million shares, according to their 13F's.
The current low price poses an interesting opportunity for value investors because, since those major fund managers decided to invest near this level, Paysafe has had zero bad news while steadily executing on their promised strategy to expand to new markets, invest in technology, leverage expertise in risk management and data mining, improve margins, and as Bill Foley put it, “cross-sell, cross-sell and cross-sell.”
Said in another way, because Paysafe has excluded US iGaming growth from its projections, literally none of the following developments in value creation have yet been priced in:
​

• Dec. 15 — Paysafe launches Paysafecash in the US to enable online cash payments
• Dec. 21 — Paysafe partners with Amelco to plug US sports books into unified payments platform
• Dec. 23 — Paysafe enables online cash payments for Microsoft customers
• Jan 11 — Paysafe partners with Colorado’s BetWildwood to provide unified payment platform
• Jan 13 — Paysafecard launches in Moldova
• Feb 1 — Paysafe expands Virginia Lottery partnership to integrate Income Access, its EGR B2B award winning marketing platform
• Feb 17 — Paysafe partners with Luckbox to roll out Skrill and Neteller payment services
• Feb 18 — Paysafe expands partnership with ESL Gaming, the world’s largest esports company
• Feb 23 — Paysafe’s Skrill launches new fiat-to-digital currency withdrawal serviceFeb 25 — Paysafe partners with Austria’s A1 esports League
• Feb 25 — Paysafe uses Snowflake to develop new cloud-based data science models
• Feb 26 — Paysafe wins “Best Omni-Channel Payment Solution” 2021 MPE Award
• Mar 1 — Paysafe partners with RentMoola to enable US renters to pay rent with Paysafecash eCash
• Mar 4 — Paysafecard wins gaming industry SAGSE award for “Best Payment Method”
• Mar 12 — Leeds United announces partnership with Skrill
• Mar 15 — Paysafe expands U.S. partnership with PointsBet into Michigan
• Mar 16 — Paysafe partners with Provema to enable online cash payments for loans and insurance purchases
• Mar 18 — Paysafe announces new Board of Directors
• Mar 19 — Paysafe to Power Payments for Play Alberta
• Mar 25 — Paysafe’s Skrill expands digital currency offering to US with Coinbase
• April 1 — Paysafe’s Neteller launches Knect customer reward program
• April 1 -- Moody's upgrades Paysafe to B1; stable outlook
• April 15 — Paulo Dybala signs as Skrill brand ambassador
• April 21 — Paysafe achieves CarbonNeutral certification for 2021 and 2022
• April 27 — Paysafe launches lifetime rewards for Skrill and Neteller customers
• April 29 — Paysafe selects AWS for strategic cloud-based services as part of its cost saving restructuring
• May 17 — Paysafe partners with TripGift to enable online cash payments for global gift giving
• May 20 — Skrill USA launches Skrill Virtual Visa Prepaid Card in US
• May 26 — REPAY partners with Paysafe to enable US merchants to accept online cash payments
• June 1 — Skrill partners with Wix to support commence business growth
• June 2 — Paysafe streamlines US SMB payments with SimplePayMe
• June 3 — Paysafe and Golden Nugget expand partnership into Michigan iGaming market
• June 7 — Paysafe expands US partnership with IntelliPay to offer online cash payments
• June 23—Swiss Residents Now Able to Settle Bills Using Paysafecash
• June 29 — Paysafe expands FOXBet partnership into Michigan
• June 30 — Paysafe Enables Online Cash Payments on Microsoft Store on Xbox
• July 8 — Paysafe wins 2021 EGR B2B award for best ‘Affiliate Software Supplier’
• July 8 — Paysafe Launches unique industry-leading global travel safeguarding model, offsetting risks of non-delivery of services due to events like Covid.
• July 13 — Paysafe adds 20 new digital currencies to its digital wallet and expands this service to 11 new USstates, bringing US presence to 48 states.
• July 14 — Paysafe partners with WynnBet to provide US payment and marketing solution
• July 19 — Paysafe expands into North American property management space with Smart Property Systems partnership to provide embedded payment solutions for property managers and tenants
• .July 20 — Fantasy Sports Platform OwnersBox Launches New Affiliate Program with Paysafe’s Income Access
• July 21 — Paysafe Partners with Bankable, a global architect of scalable ‘banking-as-a-service’ solutions, to launch a broad range of integrated, omnichannel banking services. This technology driven partnership works synergistically with several segments including their new global travel safeguarding initiative. It also enables them to make the Paysafecash card brandable allowing their many partners to customize for promotions and gifts to drive customer traffic (and revenue for Paysafe).
• July 26 — Paysafe’s Boards adds Mark Booker, former COO of BetFair & Trainline, who brings deep experience in two of Paysafe’s key growth spaces: iGaming and travel.
• July 27 — Parx Interactive integrates Paysafe’s full payment suite in the first phase of a multi-state partnership
• Aug 2 — Paysafe Acquires PagoEfectivo, a company with strong growth in a rapidly expanding market that will benefit from Paysafe’s cloud-based platforms. This acquisition can offer tremendous growth to their eCash segment and will likely give PSFE’s Q4 top line a solid boost.
• Aug 4 — Paysafe Partners with ARC, a payment settlement service that processes $97 billion for over 200 airlines globally. This deal is a direct result of Paysafe’s recently announced travel safeguarding model (July 8) which is unique in the payment industry in improving airline liquidity while reducing their costs and risks. "Paysafe also allows airlines to offer travelers an extended choice of payment methods for direct sales. In addition to credit or debit card payments processed through Paysafe’s leading payment gateway, travelers can also pay using the Paysafecash eCash solution as well as more than 100 other alternative payment methods, all protected from chargebacks." Based on travel in a normal year, this deal can potentially represent a transactional volume of $10 billion in eCash and $87 billion in credit and debit. (Many retail investors seem to not yet understand that Paysafe’s gateway processes all sorts of payment methods including credit cards, debit cards, eCash, digital currencies and even PayPal.)
• Aug 9 — Ambassador Cruise Line appoints Paysafe as payments processor
• Aug 10 — Paysafe appoints Chirag Patel, former Head of Payments at Santander and Amazon Intl., as CEO of Digital Wallet division

​
M&A / inorganic growth
Along the lines of value creation, Bill Foley, Chairman of Fidelity and now Chairman of Paysafe, recently reminded shareholders that Paysafe has, “an aggressive pipeline of M&A opportunities I am leading management in pursuing.”
Inorganic growth through M&A is a major pillar of Paysafe’s strategy going forward and it is significant that Bill Foley, a major shareholder, is leading the charge. Foley is a known M&A synergy wizard, particularly in the financial services arena. He took Fidelity National Financial from $3 Million market cap to $10.8 Billion. Yeah, that's 3,600X. Over just the last five years, Foley successfully grew Ceridian 3.3X ($4.2B to $14B), Dun & Bradstreet 5.6X ($2B to $11.3B), and Black Knight 8.7X ($1.6B to $14B).
Through his proven M&A playbook, Foley is also legendary for growing FIS from $1 billion to over $88 billion market cap: an 88x return. He says “Those characteristics of FIS are right in line with what we plan on doing with Paysafe.” 6,9
Foley discusses the FIS/Paysafe comparison further: “FIS operated in a highly fragmented industry. We utilize platform and technology stack to consolidate and drive organic and inorganic revenue growth and improved margins. FIS expanded its product offering, invested in technology, and improved its scale and margins of the business. Today, that $1 billion investment has a market capitalization of $88 billion. FIS has very similar characteristics to Paysafe – an attractive platform with a defensible market position. Upside from acquisition integration, platform consolidation and cross-selling. We will cross-sell, cross-sell, and cross-sell. There are multiple attractive acquisition opportunities that will strengthen our market position even further and we're positioned to win in key attractive high growth markets.”
​
Rounding out the Picture:
#1 global leader in iGaming, #2 digital wallet in the world, and #4 globally in integrated merchant processing. Paysafe is an extremely diversified global payment processor that is currently expanding into the US and Latin American markets. It has a transactional volume approaching $100 billion in over 40 currencies.
Through its eCash network, Paysafecard enables those without basic ID metrics, credit cards, or even bank accounts (the 1.7 billion “unbanked” globally) to engage in eCommerce in over 50 countries. This segment grew 63% YoY. Recently, Microsoft introduced Payesafecard to its Xbox platform in 22 countries.
#4 globally in integrated merchant processing, Paysafe’s proprietary scalable electronic payment platform was voted “Best Omni-Channel Payment Solution”, “Payment Processor of the Year,” and “Best Payment Method.”
Paysafe is #2 globally in the digital wallet space with a presence in 120 countries. They own Neteller and Skrill, which was voted “Best Digital Wallet” for “best consumer take up”, “most innovative technology” with “greatest potential to disrupt current ecosystems.”
Trustpilot rates Paysafecard as “Excellent” (4.7/5 stars-31,981 reviews), Paysafe’s digital wallet Skrill as “great” (4.1/5 stars-18,037 reviews) and Skrill Money Transfer as Excellent (4.8/5 stars - 8,349 reviews). 11 -- By contrast, Truspilot rates Stripe as “Average 3.4/5 stars- 6,208 reviews), Venmo as “bad” (1.2/5 starts - 222 reveiews), Zelle as “bad” (1.2/5 stars - 326 reviews) and PayPal as "bad" (1.2/5 stars-18,555 reviews). 12
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iGaming Expansion
It's worth repeating that Paysafe's multi-year revenue projections do not include growth from their ongoing US iGaming expansion (projected at 55% CAGR). “At Paysafe, the iGaming market volume was estimated to be $3.4 billion in 2019, and is now projected to reach $47 billion in 2025.”
Paysafe is the #1 global leader in iGaming, a space that is extremely difficult to enter, due a very complex risk and regulatory landscape. Paysafe’s expertise in multi-jurisdictional regulations is an important aspect of its competitive MOAT (as discussed below). Paysafe is also an integrated back-end payment processor so many users don’t realize they are utlizing their gateway, whether by cash, debit, credit card or digital currencies.
In the wake of a US Supreme Court decision allowing state-legalized sports betting, Paysafe is actively laying the groundwork for their US expansion. They are already integrated with 75% of all US iGaming operators.
As Bill Foley says, "we’re seeding the future growth right now by state and by operator... The day a state opens up, we are there ready from a regulatory perspective, from a risk perspective, and from a product perspective. ...It’s our job to be there first and to make sure we dominate."
He continues, "It’s going to be a land grab. We want to be out there about 10 miles ahead of everybody else... I have a vision that we should be THE digital wallet and have tie-ins with every major casino company that’s headquartered or located in Las Vegas. There will be money to be made for everybody... We’ve got a wide landscape we can attack. It’s pretty exciting”
Fund manager Dan Loeb agrees: “We believe the US is poised to become the largest online gambling market globally as it begins to deregulate state by state and Paysafe is exceptionally positioned to capitalize as the global market leader.”
Compass Point analyst Michael Del Grosso initiated coverage with an Outperform noting, “PSFE operates in high-growth verticals, has a unique advantage in its consumer and merchant facing solutions, and offers exposure to a secular growth opportunity in the potential legalization of iGaming in the United States,”
Del Grosso, who gave Paysafe a $19 price target added, “we believe there is upside to our forecasts in the event of state-level legalization of iGaming.” 5 Some headlines since Del Grasso wrote that:
​
"New York State Legalizes Online Sports Wagering""Maryland Online Sports Betting Bill Passes Legislature"“New Hampshire sports betting deal approved overwhelmingly; Hogan likely to sign""Arizona governor signs bill legalizing sports betting""Wyoming Legalizes Sports Betting"”Delaware igaming revenue up 74.3% year-on-year in March""Pennsylvania gambling revenue rockets 162.7% in March - The biggest increase was recorded for sports wagering, where revenue rocketed by 326.1%"“Caesars Entertainment (Paysafe partner) announced Official Sports Betting Partner of NFL"“Michigan’s online sports betting launch hailed a success, Ohio could follow this year”“Ohio legislators doubling down on legalized sports gambling”“Louisiana Begins The Process of Legalized Sports Betting”“Path to legalized Texas sports betting becomes more clear”“NC lawmakers make push to legalize sports gambling to generate funding for schools”“Florida poised to offer sports betting under major gambling deal”“Legal Sports Betting Could Get To California Sooner Than You Think”“Canada legalizes single-game sports betting”
​
Analysts universally rate Paysafe as a "BUY"
Some quotes :
RBC Capital 5-star analyst Daniel Perlin: “We believe PSFE offers a unique combination of digital wallet capabilities, accelerated cash conversion for consumers who would otherwise be out of the ecommrece loop, and integrated payments, all focused on specialized & complex end-markets, which creates a competitive moat and pricing power.” “recent underperformance is largely due to the complex nature of PSFE’s business and the FTAC II transaction” and adds his view that Paysafe offers one of the best combinations of services in online payment space: “PSFE has created a unique two-sided network enabling merchants to accept online & in-store payments (in specific niche verticals), while also offering consumers a digital wallet & eCash solution, which converts cash-heavy users to digital users. We believe it’s this combination that enables PSFE to generate superior take rate economics vs. peers.” 4
RBC recently reiterated their Outperform rating saying: “Our positive thesis is predicated on three key points including: (1) PSFE has a unique set of assets within the payments space, in that it’s a digital wallet, an integrated payment platform (with \~50% tethered to online transactions), and provides an on ramp for cash to be digitized via eCash, and it’s the combination of the three that create a two-sided market (serving both merchants & consumers), (2) new secular growth opportunity in US iGaming, which is in its early innings and could surprise investors to the upside, and (3) Bill Foley (Non-Executive Chairman) and his team have a long history of driving share holder value, which we expect to continue at PSFE.
BMO Capital, 5-star analyst, James Fotheringham: “PSFE is a global leader in iGaming (online betting related to sports, poker, and other casino games, as well as lotteries and bingo). Indeed, 36% of PSFE’s revenues are from global iGaming. That is far more than for any of its peers.” iGaming deposit volumes in the U.S. will grow “at more than five times the rate of growth elsewhere in the world” with a "5-year CAGR (compound annual growth rate) of between 40% to 55%." 3
Evercore ISI analyst David Togut 'praised Paysafe for its “robust risk management operation,” and its high rankings in several key performance indictors globally, including cash network, stored digital wallet value, and amount of partnered independent merchants.' 2
​
MOAT: “robust risk management operation”
So why does Paysafe dominate iGaming and how is it able offer eCommerce services to the unbanked?
Their industry leading multi-jurisdictional regulatory expertise offers a durable advantage in spaces where competing fintechs are hesitant or unwilling to enter. CEO Philip McHugh from CC transcripts : “When we talk about a deep and a wide MOAT, this is absolutely one of the areas that we see that benefit where it’s hard to copy.…We have over 300 professionals dedicated to risk, compliance, and analytics. That is very, very rare in the payments space. It’s a real strength of ours. We’ve been able to track some of the top people in the industry, including the former CRO from PayPal, and we’ve upgraded the team, we’ve built some real data capabilities, and we see this continuing to be an area of differentiation for Paysafe versus others.”
“We can de-risk some transactions where the market has abandoned many of these players…we bring millions of consumers into the ecosystem. We bring unique ways to pay and access funds that a typical card processor certainly can’t do. When you have that two-sided network, you change the conversation. When we speak to some of our largest iGaming customers, we’re not only talking about take rates and comps, we’re talking about revenue-generation, we’re talking about attracting the types of customers that they want and they need in their ecosystem. That’s a really, really powerful position to have.” 9
​
Valuation
A while back I looked at a basket of fintech peers including PayPal, Square, Nuvei, Repay, Shift4, Adyen, Affirm, BILL, GPN, and Paysign.
Paysafe reports 30%+ EBITDA margin, mid-to-high teen EBITDA growth, and $362 million in free cash flow (now on track to increase 29%),
By comparison, a third of the peer group reported negative EBITDA, half reported negative EBITDA growth, and a third negative free cash flow.
Paysafe also has better EPS than over half the group and better Debt/EBITDA ratio than 3/4 of them.
The group's collective growth rate of ~12.5% is in the range of Paysafe's 10-13% projections but the company's estimates may be intentionally conservative as they do not take into account M&A growth (recent new acquisition) nor their current expansion into US iGaming.
Since 2017, Paysafe grew revenue 65% from $864 million to $1.418 billion (28% CAGR pre-Covid). Last year, due to Covid-related brick-and-mortar business and sporting event closures, along with their exiting high-risk Asian revenue channels, 2020 revenue stagnated. This is the reason they recently reported only 5% YoY quarterly growth. In their Q1 ER, management noted that, without those channel exits they would have reported growth in the “mid to high teens.” But even if you include 2020’s stagnant growth, their overall revenue growth since 2017 was still 18% CAGR. This is roughly the same as PayPal’s current projected growth. Incorporating US iGaming growth will of course reveal a whole new picture.
Given all the above factors, it seems fair to look at Paysafe's potential price based on an average of the multiples for the above peers:
Paysafe’s share price with average of sector peer multiples:
​

• EV/EBITDA ratio : $122.09
• EV/Rev ratio : $83.91
• EV/FCF ratio : $87.86

Average: $97.95
​
More conservative price after removing all outliers in each category which put PSFE share price over $100

• EV/EBITDA ratio : $50.75
• EV/Rev ratio : $44.64
• EV/FCF ratio : $44.18

Average : $46.52
​
In a nutshell, the basket of sector peers has an average growth within Paysafe’s conservative projections yet they trade at 350-750% higher multiples. With Paysafe having better financials than most, it is hard to argue that this is proportionate. Either the entire field has to come down or Paysafe has to go up. Veteran market analyst Steve Grasso's call for "$45/55" may actually be quite reasonable.
​
This is not investment advice. For those who do want to invest in Paysafe, my only advice is to stay away from options. I’ve watched this stock for a long time and the market makers have a track record of ruthlessly blowing up those positions. Common shares is the way.
Disclosure: Holding $700K in commons and warrants.
Disclaimer: This is not investment advice. Just sharing demonstrable facts for others to use at will.
Sources:
(1) https://fintel.io/so/us/psfe.
(2) https://finance.yahoo.com/news/paysafe-poised-profit-085250018.html
(3) https://themoneymanifesto.com/2021/06/21/paysafe-is-ready-to-ride-the-igaming-wave-analyst-says-buy/
(4) https://www.nasdaq.com/articles/billionaire-david-tepper-places-bet-on-3-strong-buy-stocks-2021-06-04
(5) https://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Compass+Point+Starts+Paysafe+Group+Ltd.+%28PFSE%29+at+Buy%3B+All-In+on+an+iGaming+Opportunity/18197588.html
(6) https://www.sec.gov/Archives/edgadata/1818355/000119312520311998/d54063d425.htm
(7) https://www.paysafe.com/fileadmin/content/pdf/Analyst_Day_presentation_March_9__2021.pdf
(8) https://sec.report/Document/0001104659-20-089252/
(9) https://www.sec.gov/Archives/edgadata/1818355/000119312520311837/d18843d425.htm
(10) global capital
(11) https://www.trustpilot.com/review/www.paysafecard.com
(12) https://www.trustpilot.com/review/www.paypal.com
TickerDatabase was not updated due too many tickers.

Author: u/greensymbiote(Karma: 2708, Created: Jan-2021).
Paysafe ready to beat analyst estimates as BlackRock loads 8.3M shares on WallStreetBets
Q2 Earnings: August 16 - premarket
TLDR: trading near all time low on zero bad news. None of this long list has been priced in yet. Meanwhile institutions are buying 21x more than selling.
​
In light of China’s recent crackdown on payment processors, FinTech company Paysafe’s strategic move last year to exit those high-risk revenue channels is looking pretty smart. This de-risking will temporarily dampen Q2 YoY revenue growth, as it did with Q1, however, their CC transcripts indicate that tactical exit will likely no longer affect YoY revenue going into Q3 and Q4.
But this upcoming earnings report is less about revenue growth than it is about forward guidance and updates on their ongoing restructuring, acquisition pipeline and how their recent deleveraging will affect margins and free cash flow.
They reported strong FCF growth last quarter and a recent CNNE quarterly report revealed that, along with recently paying down $1.2 billion in debt, upon a Moody's upgrade, Paysafe successfully refinanced their remaining debt. This, overall restructuring could translate to $150+ million in cost savings annually which can dramatically improve their profit, free cash flow and M&A outlook: critical elements of their growth strategy.
EPS
Even if this ER is about forward guidance, there’s a good chance for an EPS beat which will make Q2 Paysafe’s first profitable quarter as a newly public company. Analysts’ average EPS estimate is reported to be 0.01 or 0.02 (depending on the source). We know that in Q1, without the $90+ million in one-time, non-recurring expenses associated with going public and paying down $1.2B debt, they would have beat analysts estimates with a positive EPS. For Q2, they won’t have those expenses so, unless they introduce new costs from refinancing or impairment expenses on intangible assets, there appears to be solid basis for an EPS beat. My loose guess is for 0.05 EPS or better. Not a big deal to me if it doesn’t work out that way, but it’s entirely plausible.
Revenue
Regarding revenue, even though Paysafe is already integrated as a payment processor with 75% of US iGaming operators, let’s ignore the facts that

• many new states have legalized sports betting during Q1/Q2 (see below),
• Paysafe’s Q2 revenue could be bolstered by the strong growth recently reported by its several partners like Wynn, Caesar’s, DraftKings and Penn,
• Paysafe has new revenue streams from recent deals with Coinbase, Microsoft/XBox, Luckbox, Wix, WynnBet, ESL Gaming, PointsBet, Virginia Lottery, Rent Moola, Provena, FoxBet, Golden Nugget etc.,
• Paysafe said early Q2 was already showing signs of record growth: “We continue to be pleased with where the top-line trends are going. We've had some actual record days in e-commerce processing, historical records, not just recovery records, but historical records.”
• or that the American Gaming Association reports sports betting has generated $1.8 billion in the first six months of 2021, 20% more than all of 2020 combined ($1.5B).

Rather than speculate about how much of that new revenue will affect Paysafe’s Q2 balance sheet, I prefer to keep my sights on analysts estimates and Paysafe’s own guidance, which has conservatively excluded US iGaming growth projections (55% CAGR).
Paysafe offers Q2 revenue guidance of $365 - $385 million. With $341 million in revenue for Q1’20, this represents 7% to 13% YoY quarterly growth. We’ve seen very little reason for them to miss this guidance. Quite the contrary.
Analysts’ average Q2 revenue estimate is reported to be between $371.5 million and $378 million (depending on the source). That's right in the middle of guidance. Last quarter, Paysafe came in at the upper range of their guidance which, given all the good news, suggests that there’s a very good chance that they’ll beat the analyst estimate. That would result in around 9% to 11% YoY quarterly growth, which would be a solid improvement from Q1.
As a long-term investor, I’ll be happy with anything above 7%. From there, any upside surprise will be welcome.
Last quarter, Paysafe confirmed their 2021 full year projections of $1.53 billion in revenue, $930-$970 million in gross profit, double-digit growth and expanding 30-35% EBITDA margins, and $103 billion in transactional volume. Paysafe’s already strong $362 million in free cash flow was reported to be on track for 29% growth in 2021.
This confirmed guidance implies that Q3 and Q4 will likely represent stronger revenue growth to compensate for the sluggish Q1 growth due to the channel exits. By Q3, Paysafe's balance sheet should reflect their many new partnerships and new US state markets opening up to legalized sports betting.
Recent Price Action
As Chairman of the Board Bill Foley recently noted, Paysafe "has been unduly punished as the inevitable shareholder rotation plays out."
Over the last few months many sources confirm regular and heavy intraday short volume (not short interest) which has successfully tanked the stock price on nothing but good news from the company. Meanwhile 13F filings continue to reveal institutions loading shares.
[Side note: Some have a hard time wrapping their heads around this but the SEC allows this type of intraday price manipulation under the shield of making a market. It's a legal loophole that allows market makers to walk down (or up) the price to shake out weak hands in order to fill institutional orders by the end of each day. It doesn't help that many financial news outlets continue to misrepresent Paysafe’s data, claiming they have only 4 employees and falsely reporting a massive Q1 EPS miss of -0.37 and -0.38 (Yahoo/CNBC). It was only 0.02. Such things can definitely deter investors who undertake proper due diligence so, hopefully, these outlets will get around to reporting accurate data.] But I digress.
While the shenanigans have gone on, bringing the price near all time lows and pushing many retail shareholders to capitulation, Fintel reports institutions are accumulating 21 times more than they are selling. Very recent 13F’s show Susquehanna increased their stake by 48% to over 3 million shares, Citigroup increased their position by 5000% to around 1.3 million shares, Bank of New York Mellon bought half a million shares and BlackRock just opened a new position of 8.3 million shares.
Bottom?
Whoever has been pinning the stock down has always stopped near these current levels because its more or less the price paid by respected fund managers like Dan Loeb (Third Point 41.5 million shares), David Tepper (Appaloosa Management, 10 million shares), Aaron Cohen (Survetta Capital, 13 million shares), Dipanjan Deb (Francisco Partners, 20 million shares) and Leon Cooperman (personally owns 1.1 million shares). In fact, the current price is likely below where Wells Fargo bought 13M shares, where BlackRock bought their 8.3M shares and where Blackstone took on another 37 million shares, according to their 13F's.
The current low price poses an interesting opportunity for value investors because, since those major fund managers decided to invest near this level, Paysafe has had zero bad news while steadily executing on their promised strategy to expand to new markets, invest in technology, leverage expertise in risk management and data mining, improve margins, and as Bill Foley put it, “cross-sell, cross-sell and cross-sell.”
Said in another way, because Paysafe has excluded US iGaming growth from its projections, literally none of the following developments in value creation have yet been priced in:

• Dec. 15 — Paysafe launches Paysafecash in the US to enable online cash payments
• Dec. 21 — Paysafe partners with Amelco to plug US sports books into unified payments platform
• Dec. 23 — Paysafe enables online cash payments for Microsoft customers
• Jan 11 — Paysafe partners with Colorado’s BetWildwood to provide unified payment platform
• Jan 13 — Paysafecard launches in Moldova
• Feb 1 — Paysafe expands Virginia Lottery partnership to integrate Income Access, its EGR B2B award winning marketing platform
• Feb 17 — Paysafe partners with Luckbox to roll out Skrill and Neteller payment services
• Feb 18 — Paysafe expands partnership with ESL Gaming, the world’s largest esports company
• Feb 23 — Paysafe’s Skrill launches new fiat-to-digital currency withdrawal service
• Feb 25 — Paysafe partners with Austria’s A1 esports League
• Feb 25 — Paysafe uses Snowflake to develop new cloud-based data science models
• Feb 26 — Paysafe wins “Best Omni-Channel Payment Solution” 2021 MPE Award
• Mar 1 — Paysafe partners with RentMoola to enable US renters to pay rent with Paysafecash eCash
• Mar 4 — Paysafecard wins gaming industry SAGSE award for “Best Payment Method”
• Mar 12 — Leeds United announces partnership with Skrill
• Mar 15 — Paysafe expands U.S. partnership with PointsBet into Michigan
• Mar 16 — Paysafe partners with Provema to enable online cash payments for loans and insurance purchases
• Mar 18 — Paysafe announces new Board of Directors
• Mar 19 — Paysafe to Power Payments for Play Alberta
• Mar 25 — Paysafe’s Skrill expands offering to US with Coinbase
• April 1 — Paysafe’s Neteller launches Knect customer reward program
• April 1 -- Moody's upgrades Paysafe to B1; stable outlook
• April 15 — Paulo Dybala signs as Skrill brand ambassador
• April 21 — Paysafe achieves CarbonNeutral certification for 2021 and 2022
• April 27 — Paysafe launches lifetime rewards for Skrill and Neteller customers
• April 29 — Paysafe selects AWS for strategic cloud-based services as part of its cost saving restructuring
• May 17 — Paysafe partners with TripGift to enable online cash payments for global gift giving
• May 20 — Skrill USA launches Skrill Virtual Visa Prepaid Card in US
• May 26 — REPAY partners with Paysafe to enable US merchants to accept online cash payments
• June 1 — Skrill partners with Wix to support commence business growth
• June 2 — Paysafe streamlines US SMB payments with SimplePayMe
• June 3 — Paysafe and Golden Nugget expand partnership into Michigan iGaming market
• June 7 — Paysafe expands US partnership with IntelliPay to offer online cash payments
• June 23—Swiss Residents Now Able to Settle Bills Using Paysafecash
• June 29 — Paysafe expands FOXBet partnership into Michigan
• June 30 — Paysafe Enables Online Cash Payments on Microsoft Store on Xbox
• July 8 — Paysafe wins 2021 EGR B2B award for best ‘Affiliate Software Supplier’
• July 8 — Paysafe Launches unique industry-leading global travel safeguarding model, offsetting risks of non-delivery of services due to events like Covid.
• July 13 — Paysafe adds 20 new digital currencies to its digital wallet and expands this service to 11 new US states, bringing US presence to 48 states.
• July 14 — Paysafe partners with WynnBet to provide US payment and marketing solution
• July 19 — Paysafe expands into North American property management space with Smart Property Systems partnership to provide embedded payment solutions for property managers and tenants.
• July 20 — Fantasy Sports Platform OwnersBox Launches New Affiliate Program with Paysafe’s Income Access
• July 21 — Paysafe Partners with Bankable, a global architect of scalable ‘banking-as-a-service’ solutions, to launch a broad range of integrated, omnichannel banking services. This technology driven partnership works synergistically with several segments including their new global travel safeguarding initiative. It also enables them to make the Paysafecash card brandable allowing their many partners to customize for promotions and gifts to drive customer traffic (and revenue for Paysafe).
• July 26 — Paysafe’s Boards adds Mark Booker, former COO of BetFair & Trainline, who brings deep experience in two of Paysafe’s key growth spaces: iGaming and travel.
• July 27 — Parx Interactive integrates Paysafe’s full payment suite in the first phase of a multi-state partnership
• Aug 2 — Paysafe Acquires PagoEfectivo, a company with strong growth in a rapidly expanding market that will benefit from Paysafe’s cloud-based platforms. This acquisition can offer tremendous growth to their eCash segment and will likely give PSFE’s Q4 top line a solid boost.
• Aug 4 — Paysafe Partners with ARC, a payment settlement service that processes $97 billion for over 200 airlines globally. This deal is a direct result of Paysafe’s recently announced travel safeguarding model (July 8) which is unique in the payment industry in improving airline liquidity while reducing their costs and risks. "Paysafe also allows airlines to offer travelers an extended choice of payment methods for direct sales. In addition to credit or debit card payments processed through Paysafe’s leading payment gateway, travelers can also pay using the Paysafecash eCash solution as well as more than 100 other alternative payment methods, all protected from chargebacks." Based on travel in a normal year, this deal can potentially represent a transactional volume of $10 billion in eCash and $87 billion in credit and debit. (Many retail investors seem to not yet understand that Paysafe’s gateway processes all sorts of payment methods including credit cards, debit cards, eCash, and even PayPal.)
• Aug 9 — Ambassador Cruise Line appoints Paysafe as payments processor
• Aug 10 — Paysafe appoints Chirag Patel, former Head of Payments at Santander and Amazon Intl., as CEO of Digital Wallet division

M&A / inorganic growth
Along the lines of value creation, Bill Foley, Chairman of Fidelity and now Chairman of Paysafe, recently reminded shareholders that Paysafe has, “an aggressive pipeline of M&A opportunities I am leading management in pursuing.”
Inorganic growth through M&A is a major pillar of Paysafe’s strategy going forward and it is significant that Bill Foley, a major shareholder, is leading the charge. Foley is a known M&A synergy wizard, particularly in the financial services arena. He took Fidelity National Financial from $3 Million market cap to $10.8 Billion. Yeah, that's 3,600X. Over just the last five years, Foley successfully grew Ceridian 3.3X ($4.2B to $14B), Dun & Bradstreet 5.6X ($2B to $11.3B), and Black Knight 8.7X ($1.6B to $14B).
Through his proven M&A playbook, Foley is also legendary for growing FIS from $1 billion to over $88 billion market cap: an 88x return. He says “Those characteristics of FIS are right in line with what we plan on doing with Paysafe.” 6,9
Foley discusses the FIS/Paysafe comparison further: “FIS operated in a highly fragmented industry. We utilize platform and technology stack to consolidate and drive organic and inorganic revenue growth and improved margins. FIS expanded its product offering, invested in technology, and improved its scale and margins of the business. Today, that $1 billion investment has a market capitalization of $88 billion. FIS has very similar characteristics to Paysafe – an attractive platform with a defensible market position. Upside from acquisition integration, platform consolidation and cross-selling. We will cross-sell, cross-sell, and cross-sell. There are multiple attractive acquisition opportunities that will strengthen our market position even further and we're positioned to win in key attractive high growth markets.”
Rounding out the Picture:
#1 global leader in iGaming, #2 digital wallet in the world, and #4 globally in integrated merchant processing. Paysafe is an extremely diversified global payment processor that is currently expanding into the US and Latin American markets. It has a transactional volume approaching $100 billion in over 40 currencies.
Through its eCash network, Paysafecard enables those without basic ID metrics, credit cards, or even bank accounts (the 1.7 billion “unbanked” globally) to engage in eCommerce in over 50 countries. This segment grew 63% YoY. Recently, Microsoft introduced Payesafecard to its Xbox platform in 22 countries.
#4 globally in integrated merchant processing, Paysafe’s proprietary scalable electronic payment platform was voted “Best Omni-Channel Payment Solution”, “Payment Processor of the Year,” and “Best Payment Method.”
Paysafe is #2 globally in the digital wallet space with a presence in 120 countries. They own Neteller and Skrill, which was voted “Best Digital Wallet” for “best consumer take up”, “most innovative technology” with “greatest potential to disrupt current ecosystems.”
Trustpilot rates Paysafecard as “Excellent” (4.7/5 stars-31,981 reviews), Paysafe’s digital wallet Skrill as “great” (4.1/5 stars-18,037 reviews) and Skrill Money Transfer as Excellent (4.8/5 stars - 8,349 reviews). 11 -- By contrast, Truspilot rates Stripe as “Average 3.4/5 stars- 6,208 reviews), Venmo as “bad” (1.2/5 starts - 222 reveiews), Zelle as “bad” (1.2/5 stars - 326 reviews) and PayPal as "bad" (1.2/5 stars-18,555 reviews). 12
iGaming Expansion
It's worth repeating that Paysafe's multi-year revenue projections do not include growth from their ongoing US iGaming expansion (projected at 55% CAGR). “At Paysafe, the iGaming market volume was estimated to be $3.4 billion in 2019, and is now projected to reach $47 billion in 2025.”
Paysafe is the #1 global leader in iGaming, a space that is extremely difficult to enter, due a very complex risk and regulatory landscape. Paysafe’s expertise in multi-jurisdictional regulations is an important aspect of its competitive MOAT (as discussed below). Paysafe is also an integrated back-end payment processor so many users don’t realize they are utlizing their gateway, whether by cash, debit, credit card or digital currencies.
In the wake of a US Supreme Court decision allowing state-legalized sports betting, Paysafe is actively laying the groundwork for their US expansion. They are already integrated with 75% of all US iGaming operators.
As Bill Foley says, "we’re seeding the future growth right now by state and by operator... The day a state opens up, we are there ready from a regulatory perspective, from a risk perspective, and from a product perspective. ...It’s our job to be there first and to make sure we dominate."
He continues, "It’s going to be a land grab. We want to be out there about 10 miles ahead of everybody else... I have a vision that we should be THE digital wallet and have tie-ins with every major casino company that’s headquartered or located in Las Vegas. There will be money to be made for everybody... We’ve got a wide landscape we can attack. It’s pretty exciting”
Fund manager Dan Loeb agrees: “We believe the US is poised to become the largest online gambling market globally as it begins to deregulate state by state and Paysafe is exceptionally positioned to capitalize as the global market leader.”
Compass Point analyst Michael Del Grosso initiated coverage with an Outperform noting, “PSFE operates in high-growth verticals, has a unique advantage in its consumer and merchant facing solutions, and offers exposure to a secular growth opportunity in the potential legalization of iGaming in the United States,”
Del Grosso, who gave Paysafe a $19 price target added, “we believe there is upside to our forecasts in the event of state-level legalization of iGaming.” 5 Some headlines since Del Grasso wrote that:
​

• "New York State Legalizes Online Sports Wagering"
• "Maryland Online Sports Betting Bill Passes Legislature"
• “New Hampshire sports betting deal approved overwhelmingly; Hogan likely to sign"
• "Arizona governor signs bill legalizing sports betting"
• "Wyoming Legalizes Sports Betting"
• ”Delaware igaming revenue up 74.3% year-on-year in March"
• "Pennsylvania gambling revenue rockets 162.7% in March - The biggest increase was recorded for sports wagering, where revenue rocketed by 326.1%"
• “Caesars Entertainment (Paysafe partner) announced Official Sports Betting Partner of NFL"
• “Michigan’s online sports betting launch hailed a success, Ohio could follow this year”
• “Ohio legislators doubling down on legalized sports gambling”
• “Louisiana Begins The Process of Legalized Sports Betting”
• “Path to legalized Texas sports betting becomes more clear”
• “NC lawmakers make push to legalize sports gambling to generate funding for schools”
• “Florida poised to offer sports betting under major gambling deal”
• “Legal Sports Betting Could Get To California Sooner Than You Think”
• “Canada legalizes single-game sports betting”

Analysts universally rate Paysafe as a "BUY"
Some quotes :
RBC Capital 5-star analyst Daniel Perlin: “We believe PSFE offers a unique combination of digital wallet capabilities, accelerated cash conversion for consumers who would otherwise be out of the ecommrece loop, and integrated payments, all focused on specialized & complex end-markets, which creates a competitive moat and pricing power.” “recent underperformance is largely due to the complex nature of PSFE’s business and the FTAC II transaction” and adds his view that Paysafe offers one of the best combinations of services in online payment space: “PSFE has created a unique two-sided network enabling merchants to accept online & in-store payments (in specific niche verticals), while also offering consumers a digital wallet & eCash solution, which converts cash-heavy users to digital users. We believe it’s this combination that enables PSFE to generate superior take rate economics vs. peers.” 4
RBC recently reiterated their Outperform rating saying: “Our positive thesis is predicated on three key points including: (1) PSFE has a unique set of assets within the payments space, in that it’s a digital wallet, an integrated payment platform (with \~50% tethered to online transactions), and provides an on ramp for cash to be digitized via eCash, and it’s the combination of the three that create a two-sided market (serving both merchants & consumers), (2) new secular growth opportunity in US iGaming, which is in its early innings and could surprise investors to the upside, and (3) Bill Foley (Non-Executive Chairman) and his team have a long history of driving share holder value, which we expect to continue at PSFE.
BMO Capital, 5-star analyst, James Fotheringham: “PSFE is a global leader in iGaming (online betting related to sports, poker, and other casino games, as well as lotteries and bingo). Indeed, 36% of PSFE’s revenues are from global iGaming. That is far more than for any of its peers.” iGaming deposit volumes in the U.S. will grow “at more than five times the rate of growth elsewhere in the world” with a "5-year CAGR (compound annual growth rate) of between 40% to 55%." 3
Evercore ISI analyst David Togut 'praised Paysafe for its “robust risk management operation,” and its high rankings in several key performance indictors globally, including cash network, stored digital wallet value, and amount of partnered independent merchants.' 2
MOAT: “robust risk management operation”
So why does Paysafe dominate iGaming and how is it able offer eCommerce services to the unbanked?
Their industry leading multi-jurisdictional regulatory expertise offers a durable advantage in spaces where competing fintechs are hesitant or unwilling to enter. CEO Philip McHugh from CC transcripts : “When we talk about a deep and a wide MOAT, this is absolutely one of the areas that we see that benefit where it’s hard to copy.…We have over 300 professionals dedicated to risk, compliance, and analytics. That is very, very rare in the payments space. It’s a real strength of ours. We’ve been able to track some of the top people in the industry, including the former CRO from PayPal, and we’ve upgraded the team, we’ve built some real data capabilities, and we see this continuing to be an area of differentiation for Paysafe versus others.”
“We can de-risk some transactions where the market has abandoned many of these players…we bring millions of consumers into the ecosystem. We bring unique ways to pay and access funds that a typical card processor certainly can’t do. When you have that two-sided network, you change the conversation. When we speak to some of our largest iGaming customers, we’re not only talking about take rates and comps, we’re talking about revenue-generation, we’re talking about attracting the types of customers that they want and they need in their ecosystem. That’s a really, really powerful position to have.” 9
Valuation
A while back I looked at a basket of fintech peers including PayPal, Square, Nuvei, Repay, Shift4, Adyen, Affirm, BILL, GPN, and Paysign.
Paysafe reports 30%+ EBITDA margin, mid-to-high teen EBITDA growth, and $362 million in free cash flow (now on track to increase 29%),
By comparison, a third of the peer group reported negative EBITDA, half reported negative EBITDA growth, and a third negative free cash flow.
Paysafe also has better EPS than over half the group and better Debt/EBITDA ratio than 3/4 of them.
The group's collective growth rate of ~12.5% is in the range of Paysafe's 10-13% projections but the company's estimates may be intentionally conservative as they do not take into account M&A growth (recent new acquisition) nor their current expansion into US iGaming.
Since 2017, Paysafe grew revenue 65% from $864 million to $1.418 billion (28% CAGR pre-Covid). Last year, due to Covid-related brick-and-mortar business and sporting event closures, along with their exiting high-risk Asian revenue channels, 2020 revenue stagnated. This is the reason they recently reported only 5% YoY quarterly growth. In their Q1 ER, management noted that, without those channel exits they would have reported growth in the “mid to high teens.” But even if you include 2020’s stagnant growth, their overall revenue growth since 2017 was still 18% CAGR. This is roughly the same as PayPal’s current projected growth. Incorporating US iGaming growth will of course reveal a whole new picture.
Given all the above factors, it seems fair to look at Paysafe's potential price based on an average of the multiples for the above peers:
Paysafe’s share price with average of sector peer multiples:
​

• EV/EBITDA ratio : $122.09
• EV/Rev ratio : $83.91
• EV/FCF ratio : $87.86

Average: $97.95
​
More conservative price after removing all outliers in each category which put PSFE share price over $100
​

• EV/EBITDA ratio : $50.75
• EV/Rev ratio : $44.64
• EV/FCF ratio : $44.18

Average : $46.52
​
In a nutshell, the basket of sector peers has an average growth within Paysafe’s conservative projections yet they trade at 350-750% higher multiples. With Paysafe having better financials than most, it is hard to argue that this is proportionate. Either the entire field has to come down or Paysafe has to go up. Veteran market analyst Steve Grasso's call for "$45/55" may actually be quite reasonable.
This is not investment advice. For those who do want to invest in Paysafe, my only advice is to stay away from options. I’ve watched this stock for a long time and the market makers have a track record of ruthlessly blowing up those positions. Common shares is the way.
Sources:
(1) see institutional ownership (WSB won’t allow link)
(2) https://finance.yahoo.com/news/paysafe-poised-profit-085250018.html
(3) https://themoneymanifesto.com/2021/06/21/paysafe-is-ready-to-ride-the-igaming-wave-analyst-says-buy/
(4) https://www.nasdaq.com/articles/billionaire-david-tepper-places-bet-on-3-strong-buy-stocks-2021-06-04
(5) https://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Compass+Point+Starts+Paysafe+Group+Ltd.+%28PFSE%29+at+Buy%3B+All-In+on+an+iGaming+Opportunity/18197588.html
(6) https://www.sec.gov/Archives/edgadata/1818355/000119312520311998/d54063d425.htm
(7) https://www.paysafe.com/fileadmin/content/pdf/Analyst_Day_presentation_March_9__2021.pdf
(8) https://sec.report/Document/0001104659-20-089252/
(9) https://www.sec.gov/Archives/edgadata/1818355/000119312520311837/d18843d425.htm
(10) https://www.globalcapital.com/article/b1s344yyc1zccx/paysafe-preps-post-spac-refi
(11) https://www.trustpilot.com/review/www.paysafecard.com
(12) https://www.trustpilot.com/review/www.paypal.com
TickerDatabase was not updated due too many tickers.

It's over now, and the Black Strat sold for nearly 4 million dollars, and over 17 million was raised for ClientEarth. Big thanks to David Gilmour for doing this, and a personal thanks to everyone in the comments. This will likely be the final edit.

TOTAL BEFORE PREMIUMS (COURTESY OF Pulsar1977): $17,389,000

TOTAL INCLUDING PREMIUMS: $21,490,750 (pretty sure I added everything up right but Christie's reports $21,490,750 against my $21,453,350 so I'm going with that.)

Thank you so much for the gold! I really enjoyed doing this.

Prices include buyer's premium.

HIGHLIGHTS * The Martin D-35 (Wish You Were Here) sold for $1,095,000 (Lot 2) * The Jedson blonde lap steel (Shine on You Crazy Diamond) sold for $300,000 (Lot 8) * The Martin D12-28 (which Wish You Were Here was written on) sold for $531,000 (Lot 11) * The 0001 Strat (Another Brick Pt. 2, Rhythm) sold for $1,815,000 (Lot 20) * The Goldtop Les Paul (Another Brick Pt. 2, Solo) sold for $447,000 (Lot 34) * The Gretsch White Penguin (less than 50 made) sold for $447,000 (Lot 44) * The Ex-Homer Haynes Strat sold for $495,000 (Lot 50) * The Red Strat (Gilmour's main guitar after Waters' departure) sold for $615,000 (Lot 56) * The Black Strat sold for $3,300,000 ($3,975,000 w/ buyer's premium) (Lot 127) - the most expensive guitar ever sold! 

Bold indicates a guitar with significant value

1. Fender Stratocaster, 1966 - $423,000

2. Martin D-35, 1969 - $1,095,000

1. Martin Vega 5-String Banjo, c. 1970 - $37,500
   
2. A guitar that contains ivory and is banned for sale
   
3. Dick Knight Acoustic, 1969 - $56,250
   
4. Gibson Les Paul, 1973 - $87,500
   
5. Rickenbacker 360-12, 1973 - $81,250
   

8. Jedson Steel Guitar, 1974 - $300,000

1. Smith Melobar, c. 1970 - $52,500
   
2. ZB Guitar Company ZB SS10, c. 1977 - $93,750
   

11. Martin D12-28, 1971 - $531,000

1. Ovation Pacemaker 1615-4, 1975 - $93,750
   
2. Gretsch Silver Jet 6129, 1957 - $137,500
   
3. Fender Precision Bass, 1952 - $90,000
   
4. Gretsch Synchromatic 400 Model 6041, c. 1940 - $47,500
   
5. Vox V251, 1967 - $87,500
   
6. Ovation Custom Legend 1619-4, 1976 - $399,000
   
7. Fender Jazzmaster, 1959 - $112,500
   
8. Fender Jaguar, 1962 - $106,250
   

20. Fender Stratocaster Serial 0001, c. 1954 and later - $1,815,000

1. Fred Stuart Bench Copy of 0001 Strat, 2013 - $93,750
   
2. Rickenbacker NS Model 100 Silver Hawaiian, c. 1937-1943 - $100,000
   
3. Rickenbacker Fireglo 365 "Quartertone", 1967 - $52,500
   
4. Fender Esquire, 1951 - $150,000
   
5. Fender Stratocaster, 1954 - $106,250
   
6. Ovation Preacher 1283-5, 1978 - $56,250
   
7. Ovation Preacher 1285-5, 1978 - $43,750
   
8. Tony Zemaitis Acoustic Fretless Bass, 1978 - $47,500
   
9. Fender Electric Mandolin, 1957 - $32,500
   
10. Fender 6-String Bass, 1963 - $125,000
    
11. Fender Broadcaster, 1950 - $150,000
    
12. Fender Broadcaster, 1950 - $150,000
    
13. Gibson Everly Brothers J-180, 1963 - $70,000
    

34. Gibson Les Paul, 1954 - $447,000

1. Gibson Les Paul Custom, 1959 - $200,000
   
2. Ampeg A1311D - $68,750
   
3. Valco Val-Pro National 88 - $81,250
   
4. Danelectro Vincent Bell Coral Sitar, c. 1967-69 - $56,250
   
5. Dobro Model 27, c. 1933 - $112,500
   
6. Gretsch Chet Atkins 6120, 1960/61 - $100,000
   
7. Gretsch 'Champagne' Duo-Jet 6128, c. 1963 - $81,250
   
8. Gretsch Jet Firebird 6131, c. 1955 - $87,500
   
9. Gretsch White Falcon 6136, c. 1958 - $137,600
   

44. Gretsch White Penguin 6134, c. 1958 - $447,000

1. Ovation Classic 1613-4, 1976 - $118,750
   
2. Ovation Custom Legend 1619-4, 1976 - $150,000
   
3. Charvel Custom-Made Fretless Bass, 1982 - $43,750
   
4. Griffin Martin R&D Copy, 1983 - $50,000
   
5. Fender Broadcaster, 1950 - $200,000
   

50. Fender Stratocaster (The Ex-Homer Haynes Strat), 1957 - $495,000

1. Fender (and Charvel) Stratocaster Elite, c. 1984 - $112,500
   
2. George Washburn SBF-26, c. 1982 - $75,000
   
3. Fender Stratocaster, 1983 & 1989 - $275,000
   
4. Gibson Les Paul Special TV, 1960 - $100,000
   
5. Fender Stratocaster 57V (used at Live Aid), 1983 & 2004 - $187,500
   

56. Fender Stratocaster 57V, 1984 - $615,000

1. Fender Concert Amps (used at Live Aid, serials F332178 and F210503), c. 1982 & 1983 - $77,500
   
2. George Washburn Mirage Deluxe (used at Live Aid), c. 1983 - $43,750
   
3. Maccaferri GA-40 Deluxe, c. 1950 - $50,000
   
4. Brynn Hiscox Acoustic, 1984 - $47,500
   
5. Bond Guitars Electraglide Prototype, 1982 - $37,500
   
6. Wilkes The Answer 5Z2A75, $93,750
   
7. Overwater 'C' Bass, 1984 - $40,000
   
8. National Double-Neck Console Steel, c. 1940 - $52,500
   
9. Charvel Custom Guitar, 1981 - $75,000
   
10. Gallien-Krueger Campbell 250ML Amp, 1986 - $40,000
    
11. Gibson J-200 Celebrity (#9 of 90), 1986 - $243,750
    
12. Takamine EN-28, 1986 -$112,500
    
13. Fender Telecaster 52V, 1987 - $106,250
    
14. Steinberger GL 3T, 1986 - $81,250
    
15. Steinberger GM 3T, 1987 - $125,000
    
16. Fender Stratocaster Plus, 1987 - $100,000
    
17. Gibson Les Paul Custom (a gift from Les Paul himself), 1988 - $181,250
    
18. Fender Stratocaster EC Signature, 1989 - $112,500
    
19. National Resoelectric R1, 1991 - $81,250
    
20. Rickenbacker 12-String 360 V64, 1991 - $75,000
    
21. Martin D-2832L Shenandoah, 1989 - $50,000
    
22. Gibson FJ-N, 1966 - $56,250
    
23. Gibson J-200 Celebrity (#42 of 90), 1985 - $237,500
    
24. Fender Telecaster 52V, 1993 - $112,500
    
25. Gibson Chet Atkins CE, 1993 - $118,750
    
26. Gibson Chet Atkins CEC, 1993 - $118,750
    
27. National Tricone Style 3 "Square Neck", 1928 - $68,750
    
28. Jose Ma. Vilaplana no. 58, 1979 - $100,000
    
29. Martin DC-28E Prototype, 2001 - $68,750
    
30. Martin DC-28E Prototype, 2001 - $137,500
    
31. Taylor 712-CE, 2001 - $100,000
    
32. Takamine 12-String FP400S, 1994 - $68,750
    
33. Takamine CD 132S, 1999 - $43,750
    
34. Takamine NP-15C, 1994 - $47,500
    
35. Takamine EAN 60C, 2000 - $52,500
    
36. Fender Custom Shop Stratocaster, 2005 - $100,000
    
37. Fender Stratocaster 57V (played by George Harrison), 1984 - $212,500
    
38. Fender Stratocaster 57V, 1986 - $80,000
    
39. Gibson Les Paul Heritage Series Elite, 1981 - $100,000
    
40. Gibson Country Western, 1958 - $100,000
    
41. Gibson Country Western, 1959 - $93,750
    
42. Taylor 12-String 354-CE, 2005 - $60,000
    
43. Taylor 12-String 355-CE, 2006 - $56,250
    
44. Gretsch Duo Jet 6128, 2005 - $62,500
    
45. Fender Stratocaster 57V, 2006 - $100,000
    
46. Hofner 500/1 Bass, 1963-65 - $60,000
    
47. Guild 12-String F-512, 2007 - $68,750
    
48. Guild 12-String F-412, 2006 - $87,500
    
49. Fender Esquire Custom Shop Relic (played on Rattle That Lock), 2007 - $81,250
    
50. Fender Custom Shop Stratocaster (used for pickup config experimentation), 2007 - $62,500
    
51. Fender Eric Johnson Stratocaster (used to record solo material in 2005), 2005 - $81,250
    
52. Fender Stratocaster 57V (used as test bed before making alterations to signature Strat), 2007 - $68,750
    
53. Fender 5-String Precision Bass (used in studio), 2008 - $52,500
    
54. Fender Jeff Beck Signature Stratocaster, 2008 - $68,750
    
55. Gibson Costello Century, 2008 - $68,750
    
56. Gibson Les Paul, 1953 - $250,000
    
57. Gretsch Chet Atkins 6121 (used on The Division Bell), 1957 - $175,000
    
58. Fender Telecaster Custom Baritone (used on the recording "It's What We Do" on The Endless River), 2010 - $68,750
    
59. Nash T-52 (used as dressing room guitar on the Rattle That Lock Tour), c. 2007 - $60,000
    
60. Martin 0-28VS, 2015 - $52,500
    
61. Gibson ES-330, 2013 - $62,500
    
62. Gibson Les Paul '57 Historic Gold Top, 2009 - $93,750
    
63. Takamine 12-String EF-400S, 1986 - $100,000
    
64. Fender Coronado II Wildwood, 1967 - $100,000
    
65. Fender David Gilmour Signature Stratocaster Custom Shop Relic Prototype #3, 2007 - $112,500
    
66. Fender David Gilmour Signature Stratocaster Custom Shop Relic, 2012 - $93,750
    
67. Fender David Gilmour Signature Stratocaster Custom Shop NOS Left Handed, 2013 - $52,500
    
68. Fender David Gilmour Signature Stratocaster Custom Shop Relic, 2014 - $100,000
    
69. Fender David Gilmour Signature Stratocaster Custom Shop NOS, 2014 - $93,750
    
70. Packhorse Travel Guitar Case w/ "PINK FLOYD LONDON" Stenciling (used to carry the Black Strat during The Wall Tour) - $175,000
    

127. The Black Strat - $3,300,000 ($3,975,000 with buyer's premium)-- the most expensive guitar ever sold.

Hello everyone, this is something that I have done for fun over the last few masters sets (starting with Eternal) and that is predict the lowest price that all reprinted cards will drop after their inclusion in masters sets. This is first time I am sharing this information with this sub.
Now to reiterate this a prediction and should not taken as "I should wait til this card is $15 before buying" or something like that. While these are predictions based on current prices, demand, supply and history of cards with similar supply and demand before reprints, I have had a very high success rate of predicting lows for previous masters sets to within plus or minus $5.
Now I know what you're all thinking: "but this set is a special masters set with increased msrp and unknown supply". This is where is gets tricky and for the purpose of this post I will treat the predictions as if this were a masters set with similar supply to previous sets, but I will try to be a little more conservative on price drops with that in mind. While I will be off on some of the individual cards the average is more what I find interesting.
Current price is on the left (approximate tcg mid) and Predicted low on the right.
Mythics:
Balefire Dragon $15 - $5
Bitterblossom $40 - $25
Cavern of Souls $80 - $50
Dark Depths (ftv) $40 - $25
Emrakul $40 - $20
Karakas $60 - $25
Karn $90 - $60
Kozilek $40 - $20
Leovold $30 - $10
Liliana $90 - $70
Lord of Extinction $15 - $5
Mana Vault $25 - $15
Mikaeus $30 - $15
Platinum Emperion $15 - $5
Sigarda $15 - $8
Snapcaster Mage $70 - $45
Tarmogoyf $70 - $50
Temporal Manipulation (judge) $80 - $10
Ulamog $25 - $10
Vengevine $40 - $20
Total of $493 / 20 mythics = 24.65 mythic EV x 3 for per box EV of 73.95
With 20 Mythics is the set I tried to put that into consideration for my predictions.
Now for the rares we have gotten so far:
Ancient Tomb $40 - $15
Celestial Colonnade $55 - $30
Creeping Tar Pit $15 - $7
Demonic Tutor $40 - $20
Engineered Explosives $80 - $30
Fulminator Mage $20 - $10
Gaddock Teeg $50 - $20
Goryo's Vengeance $45 - $15
Lavaclaw Reaches $2 - $0.5
Life from the Loam $30 - $10
Maelstrom Pulse $20 - $8
Noble Heirarch $80 - $40
Raging Ravine $15 - $8
Reanimate $20 - $10
Stirring Wildwood $0.5 - $0.5
Tasigur $2 - $0.5
Through the Breach $45 - $15
Urborg, Tomb of Yawgmoth $20 - $10
Total of $249.5 / 18 rares = 13.86 rare EV so far x 21 for box EV of $291
Mythic + rare box EV = $365
Now this is where I'm worried. While the rare ev is great if it just contained those 18 rares but because of the nature of the box topper packs the 18 rares included will likely be the majority of the "high end rares". If we go by the previous masters sets rare count of 53 rares then we still have 35 remaining rares, many of them will likely be bulk along with a few more gems in all likely hood. If we suppose that the remaining 35 rares have an average low of $5 we get a rare average of $8 and a rare ev per box of $168.2. Combined with the mythic ev we get box value (excluding foils and box topper) of $242.15, this I believe to be wishful thinking on the part of the $5 average for remaining rares.
If we exclude the current high 18 rares from Masters 25 we get a current rare average for the remaining 35 rares of $1.1. Given the MSRP of Ultimate masters I would hope that we get fewer bulk rares, but even if the remaining 35 rares average out to just under double that of Masters 25 at $2 we get a rare average of $6 and a box ev (including mythics) of $198.3. This number is not counting commons/ uncommons, foils and the box topper but for a product Wizards is charging $335 MSRP Ultimate Masters is not sounding as great as I had initially thought.
Thanks for the read and I look forward to hearing what everyone has to say about the set.
​

All, 126 e-Ticketing theaters have been removed from e-Ticketing support since October 23, 2018.
Customer Service is telling users that this is an intentional change.

A few of out partner e-ticketing locations will be transitioning back to the card-swipe check-in process and showtime availability based on our published schedule at moviepass.com/movies. We hope to provide e-ticketing at these locations again soon. We apologize for any inconvenience.

Prior to the removals, there were 227 e-Ticketing theaters. This change drops the e-Ticketing partner count to 101, a 56% drop in partner theaters. A list of e-Ticketing theaters that remain can be found here.
Below you will find a full list of the 126 e-Ticketing theaters that have been removed, separated by state. If additional theaters are removed in subsequent days, they will be added to the list.
Update: 10/23 - GQT and most of SMG have have been removed from e-Ticketing Support.
Update: 10/24 - Cinépolis and MJR has been removed from e-Ticketing support.
Update: 10/25 - Tristone Cinemas has been removed from e-Ticketing support.
Update: 11/11 - 4 Additional SMG locations have been removed from support.

Arizona

Name	Chain	Address	City	State	Zip	Date Removed
Studio Movie Grill Scottsdale	Studio Movie Grill	15515 N Hayden Rd.	Scottsdale	AZ	85260	10/20/2018

California

Name	Chain	Address	City	State	Zip	Date Removed
4 Star Cinemas	Starlight Cinemas	12111 Valley View St.	Garden Grove	CA	92845	10/20/2018
Brea Plaza 5	Tristone Cinemas	453 S. Associated Rd.	Brea	CA	92821	10/25/2018
Cinema City Theatres	Starlight Cinemas	5635 E. La Palma Ave.	Anaheim	CA	92807	10/20/2018
Cinépolis Pico Rivera	Cinépolis Luxury Cinemas	8540 Whittier Blvd.	Pico Rivera	CA	90660	10/24/2018
Cinépolis Vista	Cinépolis Luxury Cinemas	25 Main Street	Vista	CA	92083	10/24/2018
Dos Lagos Luxury Theatres	Starlight Cinemas	2710 Lakeshore Drive	Corona	CA	92883	10/20/2018
Jurupa 14	Tristone Cinemas	8032 Limonite Ave.	Riverside	CA	92509	10/25/2018
Palm Desert 10	Tristone Cinemas	Westfield Palm Desert, 72-840 Highway 111	Palm Desert	CA	92260	10/25/2018
Simi Valley 10 Cinemas	Tristone Cinemas	1457 E. Los Angeles Avenue	Simi Valley	CA	93065	10/25/2018
Studio Movie Grill Bakersfield	Studio Movie Grill	2733 Calloway Drive	Bakersfield	CA	93312	11/1/2018
Studio Movie Grill Downey	Studio Movie Grill	8200 Third St.	Downey	CA	90241	10/20/2018
Studio Movie Grill Monrovia	Studio Movie Grill	410 S. Myrtle Ave.	Monrovia	CA	91016	10/20/2018
Studio Movie Grill Rocklin	Studio Movie Grill	5140 Commons Drive	Rocklin	CA	95677	10/20/2018
Studio Movie Grill Simi Valley	Studio Movie Grill	1555 Simi Town Center Way	Simi Valley	CA	93065	11/1/2018
Temeku Cinemas	Tristone Cinemas	26463 Ynez Rd.	Temecula	CA	92591	10/25/2018
Terra Vista 6	Tristone Cinemas	10701 Town Center Dr.	Rancho Cucamonga	CA	91730	10/25/2018
Terrace Cinemas	Starlight Cinemas	28901 S. Western Ave.	Rancho Palos Verdes	CA	90275	10/20/2018
Triangle Square Cinemas	Starlight Cinemas	1870 Harbor Blvd.	Costa Mesa	CA	92627	10/20/2018
Whittier Village Cinemas	Starlight Cinemas	7038 Greenleaf Ave.	Whittier	CA	90602	10/20/2018

Florida

Name	Chain	Address	City	State	Zip	Date Removed
B&B Theatres Amelia Island	B&B Theatres	1132 S 14th St	Fernandina Beach	FL	32034	10/20/2018
B&B Theatres Naples	B&B Theatres	3855 East Tamiami Trail	Naples	FL	34112	10/20/2018
B&B Theatres Sebring	B&B Theatres	3750 US Highway 27 North	Sebring	FL	33870	10/20/2018
B&B Theatres Tavernier	B&B Theatres	91298 Overseas Hwy.	Tavernier	FL	33070	10/20/2018
Cinépolis Coconut Grove	Cinépolis Luxury Cinemas	3015 Grand Ave.	Coconut Grove	FL	33133	10/24/2018
Goodrich Riverview 14 GDX	Goodrich Theatres	10550 East Bay Road	Gibsonton	FL	33534	10/22/2018
Studio Movie Grill Tampa	Studio Movie Grill	12332 University Mall Court	Tampa	FL	33612	10/20/2018

Georgia

Name	Chain	Address	City	State	Zip	Date Removed
Studio Movie Grill Duluth	Studio Movie Grill	3850 Venture Drive	Duluth	GA	30096	10/20/2018
Studio Movie Grill Holcomb Bridge	Studio Movie Grill	2880 Holcomb Bridge Rd.	Alpharetta	GA	30022	10/20/2018
Studio Movie Grill Marietta	Studio Movie Grill	40 Powers Ferry RD	Marietta	GA	30067	10/20/2018

Iowa

Name	Chain	Address	City	State	Zip	Date Removed
B&B Theatres Ankeny	B&B Theatres	2829 S. Ankeny Blvd	Ankeny	IA	50023	10/20/2018

Illinois

Name	Chain	Address	City	State	Zip	Date Removed
Goodrich Kendall 11 GDX	Goodrich Theatres	95 5th St.	Oswego	IL	60543	10/22/2018
Goodrich Randall 15 IMAX	Goodrich Theatres	550 N. Randall Road	Batavia	IL	60510	10/22/2018
Goodrich Savoy 16 IMAX	Goodrich Theatres	232 W Burwash	Savoy	IL	61874	10/22/2018
Goodrich Willow Knolls 14	Goodrich Theatres	4100 W Willow Knolls	Peoria	IL	61615	10/22/2018
Studio Movie Grill Chatham	Studio Movie Grill	210 W 87th St.	Chicago	IL	60620	10/20/2018

Indiana

Name	Chain	Address	City	State	Zip	Date Removed
Goodrich Brownsburg 8 GDX	Goodrich Theatres	1555 N. Green St.	Brownsburg	IN	46112	10/22/2018
Goodrich Eastside 9	Goodrich Theatres	300 N Farabee Drive	Lafayette	IN	47905	10/22/2018
Goodrich Hamilton 16 IMAX + GDX	Goodrich Theatres	13825 Norell Road	Noblesville	IN	46060	10/22/2018
Goodrich Huntington 7	Goodrich Theatres	350 Hauenstein Rd	Huntington	IN	46750	10/22/2018
Goodrich Lafayette 7	Goodrich Theatres	3525 McCarty Lane	Lafayette	IN	47904	10/22/2018
Goodrich Lebanon 7	Goodrich Theatres	1600 N Lebanon	Lebanon	IN	46052	10/22/2018
Goodrich Portage 16 IMAX + GDX	Goodrich Theatres	6550 US Highway 6	Portage	IN	46368	10/22/2018
Goodrich Wabash Landing 9	Goodrich Theatres	300 E. State St.	West Lafayette	IN	47906	10/22/2018
Studio Movie Grill College Park	Studio Movie Grill	3535 W. 86th St.	Indianapolis	IN	46268	10/20/2018

Kansas

Name	Chain	Address	City	State	Zip	Date Removed
B&B Concordia Majestic Theatre	B&B Theatres	229 W. 6th St.	Concordia	KS	66901	10/20/2018
B&B Junction City Gem	B&B Theatres	1016 West 6th Street	Junction City	KS	66441	10/20/2018
B&B Theatres Chanute	B&B Theatres	302 East Main St.	Chanute	KS	66720	10/20/2018
B&B Theatres Dodge City	B&B Theatres	2601 Central	Dodge City	KS	67801	10/20/2018
B&B Theatres Flinthills 8	B&B Theatres	1614 Industrial Road	Emporia	KS	66801	10/20/2018
B&B Theatres Iola	B&B Theatres	1802 1/2 East St.	Iola	KS	66749	10/20/2018
B&B Theatres Leavenworth	B&B Theatres	225 Delaware	Leavenworth	KS	66048	10/20/2018
B&B Theatres Mall 8	B&B Theatres	1500 E. 11th Street	Hutchinson	KS	67504	10/20/2018
B&B Theatres McPherson	B&B Theatres	316 North Main Street	McPherson	KS	67460	10/20/2018
B&B Theatres Overland Park 16	B&B Theatres	8601 W. 135th Street	Overland Park	KS	66223	10/20/2018
B&B Theatres Shawnee 18	B&B Theatres	16301 Midland Drive	Shawnee	KS	66217	10/20/2018

Michigan

Name	Chain	Address	City	State	Zip	Date Removed
Goodrich Ada-Lowell 5	Goodrich Theatres	2175 West Main Street	Lowell	MI	49331	10/22/2018
Goodrich Bay City 10 GDX	Goodrich Theatres	4101 Wilder Road	Bay City	MI	48706	10/22/2018
Goodrich Cadillac 4	Goodrich Theatres	202 S. Mitchell St.	Cadillac	MI	49601	10/22/2018
Goodrich Canton 7 GDX	Goodrich Theatres	43555 Ford Road	Canton	MI	48187	10/22/2018
Goodrich Grand Haven 9	Goodrich Theatres	17220 Hayes Street	Grand Haven	MI	49417	10/22/2018
Goodrich Hastings 4	Goodrich Theatres	213 West State Street	Hastings	MI	49058	10/22/2018
Goodrich Holland 7	Goodrich Theatres	500 Waverly Road	Holland	MI	49423	10/22/2018
Goodrich Jackson 10	Goodrich Theatres	1501 N Wisner	Jackson	MI	49202	10/22/2018
Goodrich Kalamazoo 10	Goodrich Theatres	820 Maple Hill Drive	Kalamazoo	MI	49009	10/22/2018
Goodrich Krafft 8	Goodrich Theatres	2725 Krafft Road	Port Huron	MI	48060	10/22/2018
Goodrich Oxford 7 Theatre	Goodrich Theatres	48 S. Washington Rd.	Oxford	MI	48371	10/22/2018
Goodrich Quality 10 GDX	Goodrich Theatres	3250 Kabobel	Saginaw	MI	48604	10/22/2018
Goodrich Quality 16	Goodrich Theatres	3686 Jackson Rd	Ann Arbor	MI	48103	10/22/2018
Goodrich Three Rivers 6	Goodrich Theatres	120 Enterprise Drive	Three Rivers	MI	49093	10/22/2018
Goodrich West Columbia 7	Goodrich Theatres	2500 West Columbia	Battle Creek	MI	49015	10/22/2018
MJR Adrian Digital Cinema 10	MJR Theatres	3150 N. Adrian Hwy.	Adrian	MI	49221	10/22/2018
MJR Brighton Town Square Digital Cinema 20	MJR Theatres	8200 Murphy Dr.	Brighton	MI	48116	10/22/2018
MJR Chesterfield Crossing Digital Cinema 16	MJR Theatres	50675 Gratiot Ave.	Chesterfield	MI	48051	10/22/2018
MJR Marketplace Digital Cinema 20	MJR Theatres	35400 Van Dyke	Sterling Heights	MI	48312	10/22/2018
MJR Partridge Creek Digital Cinema 14	MJR Theatres	17400 Hall Road	Clinton Township	MI	48038	10/22/2018
MJR Southgate Digital Cinema 20	MJR Theatres	15651 Trenton Road	Southgate	MI	48195	10/22/2018
MJR Troy Grand Digital Cinema 16	MJR Theatres	100 E. Maple Road	Troy	MI	48083	10/22/2018
MJR Universal Grand 16	MJR Theatres	28600 Dequindre Rd #1050	Warren	MI	48092	10/22/2018
MJR Waterford Digital Cinema 16	MJR Theatres	7501 Highland Rd.	Waterford	MI	48327	10/22/2018
MJR Westland Grand Digital Cinema 16	MJR Theatres	6800 N. Wayne Rd.	Westland	MI	48185	10/22/2018

Missouri

Name	Chain	Address	City	State	Zip	Date Removed
B&B Festus 8 Cinema	B&B Theatres	1522 Parkway West	Festus	MO	63028	10/20/2018
B&B Hannibal Main Street Cinema 8	B&B Theatres	100 Main St.	Hannibal	MO	63401	10/20/2018
B&B Lebanon Ritz 8 Theatre	B&B Theatres	925 South Jefferson	Lebanon	MO	65536	10/20/2018
B&B Lee's Summit 16	B&B Theatres	1451 N.E. Douglas St.	Lee's Summit	MO	64086	10/20/2018
B&B New Longview 7	B&B Theatres	3201 Southwest Fascination Drive	Lee's Summit	MO	64081	10/20/2018
B&B Theatres Bolivar	B&B Theatres	800 E. Aldrich Rd Suite 10	Bolivar	MO	65613	10/20/2018
B&B Theatres Chillicothe	B&B Theatres	2880 Grand Avenue	Chillicothe	MO	64601	10/20/2018
B&B Theatres Fulton	B&B Theatres	521 Commons Drive	Fulton	MO	65251	10/20/2018
B&B Theatres Grain Valley 8	B&B Theatres	1131 North East McQuerry Rd.	Grain Valley	MO	64029	10/20/2018
B&B Theatres Harrisonville	B&B Theatres	2727 Cantrell Road	Harrisonville	MO	64701	10/20/2018
B&B Theatres Lake West	B&B Theatres	1651 Highway O	Gravois Mills	MO	65037	10/20/2018
B&B Theatres Lexington	B&B Theatres	1125 Franklin	Lexington	MO	64067	10/20/2018
B&B Theatres Liberty Cinema 12	B&B Theatres	1903 Victory Dr	Liberty	MO	64068	10/20/2018
B&B Theatres Missouri 6	B&B Theatres	431 S. Missouri Ave.	Clinton	MO	64735	10/20/2018
B&B Theatres Moberly	B&B Theatres	3000 N. Morley	Moberly	MO	65270	10/20/2018
B&B Theatres Monett	B&B Theatres	507 Plaza Dr	Monett	MO	65708	10/20/2018
B&B Theatres Neosho	B&B Theatres	1601 Malcolm Mosby Drive	Neosho	MO	64850	10/20/2018
B&B Theatres Northland 14	B&B Theatres	4900 N.E. 80th Street	Kansas City	MO	64119	10/20/2018
B&B Theatres Ozark	B&B Theatres	620 North 25th St.	Ozark	MO	65721	10/20/2018
B&B Theatres Waynesville	B&B Theatres	1200 GW Lane S	Waynesville	MO	65583	10/20/2018
B&B Theatres Wentzville	B&B Theatres	100 Wentzville Bluffs Drive	Wentzville	MO	63385	10/20/2018
B&B Theatres Wildwood 10	B&B Theatres	16820 Main St.	Wildwood	MO	63040	10/20/2018
Goodrich Capital 8	Goodrich Theatres	3550 Country Club Drive	Jefferson City	MO	65109	10/22/2018
Goodrich Forum 8	Goodrich Theatres	1209 Forum Katy Parkway	Columbia	MO	65203	10/22/2018

Misissippi

Name	Chain	Address	City	State	Zip	Date Removed
B&B Theatres Vicksburg	B&B Theatres	3505 Pemberton Square Blvd. Suite E	Vicksburg	MS	39180	10/20/2018

New York

Name	Chain	Address	City	State	Zip	Date Removed
Cinépolis Chelsea	Cinépolis Luxury Cinemas	260 W. 23rd St.	New York	NY	10011	10/24/2018

North Carolina

Name	Chain	Address	City	State	Zip	Date Removed
Studio Movie Grill EpiCentre	Studio Movie Grill	210 E. Trade St.	Charlotte	NC	28202	10/20/2018

Ohio

Name	Chain	Address	City	State	Zip	Date Removed
Cinépolis Dayton	Cinépolis Luxury Cinemas	10251 Penny Lane	Miamisburg	OH	45342	10/24/2018

Oklahoma

Name	Chain	Address	City	State	Zip	Date Removed
B&B Claremore Cinema 8	B&B Theatres	1407 W. Country Club Rd.	Claremore	OK	74017	10/20/2018
B&B Starworld 20	B&B Theatres	10301 S. Memorial Drive	Tulsa	OK	74133	10/20/2018
B&B Theatres El Reno	B&B Theatres	3000 S. Country Club Road	El Reno	OK	73036	10/20/2018
B&B Theatres Miami	B&B Theatres	222 N. Main St.	Miami	OK	74355	10/20/2018
B&B Theatres Oklahoma City	B&B Theatres	4623 A. N.W. 23rd St.	Oklahoma City	OK	73127	10/20/2018
B&B Theatres Sapulpa	B&B Theatres	1245 New Sapulpa Road	Sapulpa	OK	74066	10/20/2018

Texas

Name	Chain	Address	City	State	Zip	Date Removed
B&B Port Arthur Central Mall	B&B Theatres	3100 Hwy. 365 Space 25	Port Arthur	TX	77642	10/20/2018
B&B Theatres Wylie 12	B&B Theatres	711 Woodbridge Parkway	Wylie	TX	75098	10/20/2018
Studio Movie Grill City Centre	Studio Movie Grill	805 Town	Houston	TX	77024	11/1/2018
Studio Movie Grill Colleyville	Studio Movie Grill	5655 Colleyville Blvd. #300	Colleyville	TX	76034	10/20/2018
Studio Movie Grill Copperfield	Studio Movie Grill	8580 Highway 6 North	Houston	TX	77095	10/20/2018
Studio Movie Grill Dallas Royal	Studio Movie Grill	11170 N. Central Expressway	Dallas	TX	75243	10/20/2018
Studio Movie Grill Lincoln Square	Studio Movie Grill	452 Lincoln Square	Arlington	TX	76001	10/20/2018
Studio Movie Grill NorthWest Highway	Studio Movie Grill	10110 Technology Blvd	Dallas	TX	75220	10/20/2018
Studio Movie Grill Pearland	Studio Movie Grill	8440 South Sam Houston Easy Parkway	Houston	TX	77075	10/20/2018
Studio Movie Grill Plano	Studio Movie Grill	4721 W. Park Blvd.	Plano	TX	75093	10/20/2018
Studio Movie Grill The Colony	Studio Movie Grill	4800 State Hwy 121	Lewisville	TX	75056	11/1/2018

/LonghornNation Daily Off Topic Free Talk Thread

Today: 06/02/2018

Last Thread

Current Austin Weather: 79° and Clouds

Five Day Forecast:

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Your go-to place to talk about whatever you want. From the dumb shit aggies do on a near daily basis, to the latest whatever happening wherever. What ya got?

Trending On Reddit

/All

1. I'd watch it
2. These flowers look like a group of tiny 3D-rendered chickens wearing glasses and holding a cake
3. Onion Magic
4. Robert Downey Jr. wasn’t the only white person to pull off blackface and get away with it.
5. This ad is just... beautiful
6. Woof🎹irl

/CFB

1. Syracuse football QB Rex Culpepper is cancer free
2. Nick Saban and 'Bama Football Players Stranded on Boat With No Gas
3. Brett McMurphy: SEC grad transfers no longer must sit out a year when transferring to another league school, SEC presidents voted today.
4. The Big 12 announced it will be distributing $36.5 million in revenue to each school for the fiscal year, placing the league third among Power 5 conferences and firmly ahead of the Pac-12 ($30.9 million) and ACC ($26.6 million).
5. Mike Leach continues to be excellent at Twtitter

/LonghornNation

1. Texas Baseball defeats Texas Southern 10-0 in Round 1 of the Regional Tournament
2. Texas Baseball vs Texas A&M. Saturday, June 2 6PM CT @ Disch Falk Field
3. TFB Open Post Weekend, June 1st - June 3rd
4. Free UT Football DVD's, VHS Tapes, and Magazines (Houston)
5. Texas vs. USC on 9/15 will be at 7:00 PM CST on Fox

Recent Longhorn Tweets

1. @sehlinger3: Lebron is going to have to beat the Warriors and the refs in order to win this series!
2. @CoachTomHerman: RT @CoachGWest: Welcome Coach Martinez !! You well make us better !!! https://t.co/QmcpyqjKqK
3. @TexasFootball: RT @TexasBaseball: Heck of a night in Austin, Texas. 🤘 https://t.co/mRBnN57uQP
4. @EJHolland247: Just dropped some late night Texas recruiting nuggets with the latest on a new Crystal Ball pick #HookEm.… https://t.co/fao0QrwCdc
5. @MikeRoach247: RT @Stumpf_Brian: The day one look #Elite11 💛🖤 https://t.co/NAkBIlTTvr
6. @_delconte: I see ya Maya! You’re a long way from wildwood 😉🙌🏽 https://t.co/fjVcx1JGll

^{This thread was programmatically generated and posted on 06/02/2018 00:01:44 Questions? Comments? Concerns? Contact HelioOne}

Riverhawk at the Sertoma Youth Ranch (Dade City area) starts November 9. (Bluegrass, Americana, Folk, Rockabilly etc) If you've never been to this park you should check it out, similar to Suwannee in that it's a legit campground 365 days/year.
Zen Awakening "transformational" etc is the following weekend November 17 in Wildwood.