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Michael Taylor, co-founder and portfolio manager at Agora Trading, criticized the company behind the ticker MPT for its current financial practices. Taylor described the company as burning through cash, lacking access to debt, and still paying a $50 million quarterly dividend. He also pointed out that the company recently bought back 10 million shares, while arguing that it should prioritize buying back its high-yielding debt instead.
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Taylor previously noted that Anthropic cut its IPO valuation from $2 trillion to $1.5 trillion, raising questions about market expectations for the company’s capital needs. In another recent commentary, he compared more than $800 billion in contingent AI funding for Anthropic and OAI to the size of the 2008 U.S. housing bailout. The remarks reflect a continued focus on corporate cash flows and funding strategies, as detailed in Taylor’s coverage of Anthropic’s IPO valuation reduction and AI sector funding commitments.