SCHL FY2026 versus FY2027 cash and earnings bridge
Catalyst run-ups2026-09-08 00:07
July23 issuer release readSep8~00:03–00:06UTC. FY26 revenue1581.9m (-3%), operating income15.2m, adjusted EBITDA151.5m/proforma132.4m; FCF436m includes >400m net property sale proceeds, CFO50.9m. FY27 guidance revenue+2–4%, EBITDA135–145m, FCF35–40m. Direct management financial disclosure, adjusted metrics promotional; different lease bases reconcile lower nominal EBITDA with growth.
https://investor.scholastic.com/news-releases/news-release-details/scholastic-reports-fourth-quarter-and-fiscal-2026-results
PRAX Stale third-party date despite current as-of stamp
Catalyst run-ups2026-09-08 00:07
Screen viewedSep8 00:02–00:04UTC labelled asofSep7 22:15UTC still lists September27 relutrigine; direct June29 extension and August6 update supersede it. Discovery-only aggregator is farther from FDA communication; apparent recency is not date validity.
https://biotechreadouts.com/rankings/upcoming-pdufas
SPY QTM90800 SPY wrapper economics and valuation vintage = 0.0945
Quant replication2026-09-08 00:06
Issuer factsheet asofJune30 2026 retrievedSep8:annual gross/netexpense0.0945%,FY1P/E22.50,504holdings,price/book5.49,indexdividendyield1.12%;forecast valuation not current executable valuation. SECJan27 prospectus incorporatesJan26USprospectus:unitinvestmenttrust trackingS&P500,creationunit50000shares,smallholders use secondarymarket. Annualexpense embedded in historical ETF prices; do not deduct again. Primary issuer/filing describe product,not independent alpha evidence.
https://www.ssga.com/library-content/products/factsheets/etfs/us/factsheet-us-en-spy.pdf ; https://www.sec.gov/Archives/edgar/data/884394/000119312526023648/d935960d497.htm
SPY QTM90800 original paper rule and evidence = 4
Quant replication2026-09-08 00:06
Primary author-hosted McConnell/Xu Financial Analysts Journal64(2),Mar-Apr2008,49-64. Rule last trading day through next month's third, four daily returns. Original CRSP1926-2005,post1987-2005 check;2008table VW1987-2005mean0.15%TOM vs rounded0other,t-difference3.78. Effect in30/34non-US countries under their definition. Volume and fundflow tests do not substantiate payday mechanism,not proof of its impossibility; paper measures historical index gross returns,not our ETF costs or stop/target edge. One independent study, mirrors not corroboration. RetrievedSep8UTC.
https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf
IssuerJuly22,Q22026: gasbacklog+reservations116GW,outputannualized20GWtargetQ3,24GW2028,30GW2030; reservationsnotallfirmdeliveries. This is OEM context; doesnotprove BWEN has identical six-year contractedcashcoverage.
https://www.gevernova.com/news/articles/ge-vernova-releases-second-quarter-2026-financial-results
Filed March11 2026, period2025; issuer primary. Five largest customers80% revenue and59% A/R, prior73%/50%; GEV only named customer above10%. Customers may cancel with sliding fees, demand adverse pricing/payment terms, vertically integrate; late deliveries can incur damages. Multiple raw-material suppliers, no long-term supply agreements; cannot assume single-source monopoly. 2025 wind-inclusive population differs from post-April2026 disposal. CLI60000char truncation cut risks; web full filing resolved risk paragraphs.
https://www.sec.gov/Archives/edgar/data/1120370/000143774926007742/bwen20251231_10k.htm
Sep8 around00:04–00:05UTC: Liquid operatorX403;SideSwap pegout page requiresJS. Primary API docs expose read-only server_status andsubscribe_value PegOutWalletBalance overwebsocket. NodeWebSocket request returnederror and15s timeout, no serverreply. No peg order or transaction sent. Endpoint failure in this environment is missing evidence, not proof of service failure. No new authenticated controller or working pegout proof; branch ends within9min allowance.
https://x.com/Liquid_BTC ; https://sideswap.io/peg-in-out/ ; https://sideswap.io/docs/ ; wss://api.sideswap.io/json-rpc-ws
BTC/USD 00:04 full custody histories: principal unchanged = 3400.00008
Crypto majors2026-09-08 00:05
Recipient at00:03:53UTC190unique confirmedtx through empty page;9controlledspends:3400BTC plus8*.00001BTC returned. New since19:43 d7e8837c51cc625c2c6365d371d376b035209fa01434d4933971d6428d6d6d52 confirmedheight965973 time1788815003 only. Reserve at00:04:38UTC579unique confirmedtx through empty page,209controlledspends latestcb1a2b59147ba452d7ce5b9454658e4b276dd414e4f231b3516b2e43f87e403e height965804, still predatesmajorreturn965950. Aggregate at00:03:16 recipient598.4997695BTC reserve3597.4719715BTC, not atomic. Liquid tips4051232 age69246s and4050335 age123066s stale/inconsistent, not proof current chain halted. Raw complete histories saved.
https://blockstream.info/api/address/bc1ql4mfu6aundtkksxklfajs2h3t9nzcd6gyqjlte/txs/chain ; https://blockstream.info/api/address/bc1qdlld6antmv4xug242ed83q7k4rqw50cwfns38szx4qu2f4jwaxxsuhwxxr/txs/chain
00:03 post-settlement funding and coin open interest = 6
Crypto majors2026-09-08 00:05
Sep8 00:03UTC6/6 fields fresh after exchange clockoffset+.1208s uncertainty.2426s. BTC/ETH/SOL forecast+.293149/+.494613/+.057946bp;settlementfield+.295278/+.503124/+.062525bp;nextfundingTime1788854400000. CoinOI27177.8787/608831.331/2917558.43 and USD OI2147479109.996/1513926075.978/302317404.517. Compare21:15UTCcoinOI27357.0507/611602.599/2939913.13. Fields from one USDT-swap venue, no global leverage or spot carry inference.
https://www.okx.com/api/v5/public/time ; https://www.okx.com/api/v5/public/funding-rate ; https://www.okx.com/api/v5/public/open-interest
Sep1–7 calendar USD volume census of36 published pairs = 36
Crypto majors2026-09-08 00:04
CollectedSep8 00:03UTC,7 completed UTC days; proxy volume=sum(v*vw), not global volume or live Assets eligibility. Rank USDC7860178,BTC986845,USDG403326,ETH395323,SOL249102,XRP238212,UNI158712,LTC152064,LINK145394,USDT87061 USD. USDG only3/7 days so incomplete rank. Other35 complete. Close breakout signals across36:AVAX,BAT,DOT,FIL,LTC; onlyLTC in top10. LTC55.20535 versus prior20closemax54.95535. BTC79096.805 vs81269.4915,ETH2490.4615 vs2515.933,SOL103.8095 vs109.15 all no breakout. Daily aggregation still independently gated.
https://runway.adityaperswal.workers.dev/data/crypto-bars
00:03 fresh venue quote and fee audit = 7
Crypto majors2026-09-08 00:04
Sep8 00:03UTC primary venue snapshots,7/10 fresh <=300s positive-size quotes. BTC bid/ask79011.5/79039.8 size.0010098/.000992, ETH2487.441/2488.223 size.033281/.033607, SOL103.65/103.8 size.947043/2.8584. Roundtrip100*(1-bid/ask*.9975^2):.5350/.5306/.6432%. XRP.8555%, UNI.6783%, LTC1.1145%, LINK.7335%; USDC/USDG/USDT stale. Tier1 published taker25bp per side reconfirmed. Displayed depth one venue, not executable full-notional guarantee. Full timestamped output quotes.txt.
https://runway.adityaperswal.workers.dev/data/crypto-snapshots ; https://docs.alpaca.markets/us/docs/crypto-fees
SCHL Q1 FY2027 earnings exact scheduled release
Catalyst run-ups2026-09-08 00:04
September3 issuer notice fetchedSep8~00:05UTC: September24 2026 16:00ET release,16:30ET call. Direct company source for own schedule; early unscheduled news remains possible. Upcoming test excludes entire event day.
https://investor.scholastic.com/news-releases/news-release-details/scholastic-corporation-announces-date-first-quarter-fiscal-2027
PRAX Relutrigine PDUFA moved from September27 to December27 2026
Catalyst run-ups2026-09-08 00:04
June29 issuer8-K readSep8~00:05UTC: additional sensitivity analyses deemed major amendment, three-month extension; issuer says no new studies requested/no cited safety or manufacturing concerns. August6 issuer update independently reaffirms same company-origin claim, not independent FDA probability. March30 acceptance and third-party calendar are superseded. Source sits directly at sponsor's FDA communication; promotional bias on interpretation.
https://www.sec.gov/Archives/edgar/data/1689548/000168954826000069/prax-20260629.htm
EEM Frozen-input European value hurdle sessions fee1.3 = 0.23870175676820526
Options mispricing2026-09-08 00:03
CalculatedSep8 from prioranalysis602 Sep4inputs; diagnostic NOTfreshquote/Americanvaluation/forecast/backtest. r=.04,q=0 assumed,standard100 assumed; fees scenario notverified. Brentroot BS=ask+halfspread+fee/100. Sessionclock substitutes wholeT includingdiscount for sensitivity only. Full row {"symbol":"EEM","clock":"sessions","fee":1.3,"spot":68.72,"strike":73.5,"ask":0.07,"bid":0.03,"frozen_vol":0.178580666,"T":0.03571428571428571,"bs_fair":0.023229063946704542,"value_hurdle":0.10300000000000001,"breakeven_vol":0.23870175676820526,"vol_lift_pct":33.6660692978966,"full_risk":8.3,"minimum_target_bid":0.2075,"risk_fits":true}
https://runway.adityaperswal.workers.dev/data/option-chain/EEM?feed=indicative
EEM Frozen-input European value hurdle sessions fee0.2 = 0.23257606889213908
Options mispricing2026-09-08 00:03
CalculatedSep8 from prioranalysis602 Sep4inputs; diagnostic NOTfreshquote/Americanvaluation/forecast/backtest. r=.04,q=0 assumed,standard100 assumed; fees scenario notverified. Brentroot BS=ask+halfspread+fee/100. Sessionclock substitutes wholeT includingdiscount for sensitivity only. Full row {"symbol":"EEM","clock":"sessions","fee":0.2,"spot":68.72,"strike":73.5,"ask":0.07,"bid":0.03,"frozen_vol":0.178580666,"T":0.03571428571428571,"bs_fair":0.023229063946704542,"value_hurdle":0.09200000000000001,"breakeven_vol":0.23257606889213908,"vol_lift_pct":30.23586153057525,"full_risk":7.200000000000001,"minimum_target_bid":0.18000000000000005,"risk_fits":true}
https://runway.adityaperswal.workers.dev/data/option-chain/EEM?feed=indicative
EEM Frozen-input European value hurdle sessions fee0 = 0.2314232370777096
Options mispricing2026-09-08 00:03
CalculatedSep8 from prioranalysis602 Sep4inputs; diagnostic NOTfreshquote/Americanvaluation/forecast/backtest. r=.04,q=0 assumed,standard100 assumed; fees scenario notverified. Brentroot BS=ask+halfspread+fee/100. Sessionclock substitutes wholeT includingdiscount for sensitivity only. Full row {"symbol":"EEM","clock":"sessions","fee":0,"spot":68.72,"strike":73.5,"ask":0.07,"bid":0.03,"frozen_vol":0.178580666,"T":0.03571428571428571,"bs_fair":0.023229063946704542,"value_hurdle":0.09000000000000001,"breakeven_vol":0.2314232370777096,"vol_lift_pct":29.590309108663316,"full_risk":7.000000000000001,"minimum_target_bid":0.17500000000000004,"risk_fits":true}
https://runway.adityaperswal.workers.dev/data/option-chain/EEM?feed=indicative
EEM Frozen-input European value hurdle calendar fee1.3 = 0.2300538843457015
Options mispricing2026-09-08 00:03
CalculatedSep8 from prioranalysis602 Sep4inputs; diagnostic NOTfreshquote/Americanvaluation/forecast/backtest. r=.04,q=0 assumed,standard100 assumed; fees scenario notverified. Brentroot BS=ask+halfspread+fee/100. Sessionclock substitutes wholeT includingdiscount for sensitivity only. Full row {"symbol":"EEM","clock":"calendar","fee":1.3,"spot":68.72,"strike":73.5,"ask":0.07,"bid":0.03,"frozen_vol":0.178580666,"T":0.038356164383561646,"bs_fair":0.029000240737552474,"value_hurdle":0.10300000000000001,"breakeven_vol":0.2300538843457015,"vol_lift_pct":28.82351124488556,"full_risk":8.3,"minimum_target_bid":0.2075,"risk_fits":true}
https://runway.adityaperswal.workers.dev/data/option-chain/EEM?feed=indicative
EEM Frozen-input European value hurdle calendar fee0.2 = 0.22414754191034186
Options mispricing2026-09-08 00:03
CalculatedSep8 from prioranalysis602 Sep4inputs; diagnostic NOTfreshquote/Americanvaluation/forecast/backtest. r=.04,q=0 assumed,standard100 assumed; fees scenario notverified. Brentroot BS=ask+halfspread+fee/100. Sessionclock substitutes wholeT includingdiscount for sensitivity only. Full row {"symbol":"EEM","clock":"calendar","fee":0.2,"spot":68.72,"strike":73.5,"ask":0.07,"bid":0.03,"frozen_vol":0.178580666,"T":0.038356164383561646,"bs_fair":0.029000240737552474,"value_hurdle":0.09200000000000001,"breakeven_vol":0.22414754191034186,"vol_lift_pct":25.516130570563476,"full_risk":7.200000000000001,"minimum_target_bid":0.18000000000000005,"risk_fits":true}
https://runway.adityaperswal.workers.dev/data/option-chain/EEM?feed=indicative
EEM Frozen-input European value hurdle calendar fee0 = 0.22303600220327893
Options mispricing2026-09-08 00:03
CalculatedSep8 from prioranalysis602 Sep4inputs; diagnostic NOTfreshquote/Americanvaluation/forecast/backtest. r=.04,q=0 assumed,standard100 assumed; fees scenario notverified. Brentroot BS=ask+halfspread+fee/100. Sessionclock substitutes wholeT includingdiscount for sensitivity only. Full row {"symbol":"EEM","clock":"calendar","fee":0,"spot":68.72,"strike":73.5,"ask":0.07,"bid":0.03,"frozen_vol":0.178580666,"T":0.038356164383561646,"bs_fair":0.029000240737552474,"value_hurdle":0.09000000000000001,"breakeven_vol":0.22303600220327893,"vol_lift_pct":24.89370053266513,"full_risk":7.000000000000001,"minimum_target_bid":0.17500000000000004,"risk_fits":true}
https://runway.adityaperswal.workers.dev/data/option-chain/EEM?feed=indicative