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Re: Fro- The Control Factor - Frontpage Magazine interview
email TEXT-001-HOUSE_OVERSIGHT_025028.txt Feb 8, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Jeffrey Epstein [[email protected]] Sent: 2/8/2013 9:05:33 PM To: Bill Siegel [ ii Subject: Re: Fro- The Control Factor - Frontpage Magazine interview Attachments: image001.gif; image005.jpg; image007.png; image006.jpg; image004.png; image002.jpg; image003.png SAAAAAAAA...

FW: Daily Mail
email TEXT-001-HOUSE_OVERSIGHT_030222.txt Mar 11, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

Date: Friday, March 11 2011 12:54 AM Subject: FW: Daily Mail From: GMAX To: J Jep <[email protected]>; ------Forwarded Message From: Reply-To: < Date: Thu, 10 Mar 2011 16:40:11 -0500 To: NY Max___________________ Subject: Fw: Daily Mail Please see below. My take:A) voluntar...

Organizational Structure — Pro Forma for Funding of $7 Billion. All figures are rounded
document IMAGES-007-HOUSE_OVERSIGHT_024474.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Organizational Structure — Pro Forma for Funding of $7 Billion. All figures are rounded. Principals Knowledge Universe Holdings LLC, a Delaware limited lability company Knowledge Universe Learning Group LLC, a Delaware limited liability company “KULG” Investors 900 Class B Sh...

Options Risk Statement
document IMAGES-008-HOUSE_OVERSIGHT_026001.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Options Risk Statement Potential Risk at Expiry & Options Limited Duration Risk Unlike owning or shorting a stock, employing any listed options strategy is by definition governed by a finite duration. The most severe risks associated with general options trading are total loss...

Attachments
email TEXT-001-HOUSE_OVERSIGHT_016413.txt Jan 15, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Sent: To: Subject: Attachments: Morris, Paul V 1/15/2019 4:44:33 PM jeffrey E. [[email protected]] Opportunity Zones image001.jpg; image002.jpg; image003.jpg; image004.jpg Importance: High Hope all well, are you doing anything around these or clients? In a former wareho...

Snap (Neutral, $25 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014920.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Snap (Neutral, $25 PO) Stock view: Long-term potential, but near-term could be lumpy Snap will report its first earnings as a public company and expectations have a wide range. The 2H16 DAU slowdown has raised concerns in terms of both competitive risk and execution, so user tr...

priceline.com (PCLN)
document IMAGES-003-HOUSE_OVERSIGHT_014943.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

priceline.com (PCLN) Our price objective is $1,920 based on 22x our 2018 adj. EPS estimate. The 22x multiple is towards the upper end of Priceline’s historical multiple range of 13-23x and represents a PEG of 1.4x. We think a 22x forward P/E multiple is appropriate given mid- te...

costs. Hospitals would be under pressure to be more flexible on prices to avoid any
document IMAGES-003-HOUSE_OVERSIGHT_016164.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

costs. Hospitals would be under pressure to be more flexible on prices to avoid any pressure should lower-cost packages impact their volumes. Vision implies a long process To us, the government's vision implies a two stage process over a long time-frame: e Inthe short-term: imp...

{mobile apps, premium nanny, date night payment services etc.) may not see much
document IMAGES-003-HOUSE_OVERSIGHT_014940.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

{mobile apps, premium nanny, date night payment services etc.) may not see much traction, 4) lower conversion rates on mobile, 5) mobile conversions with 30% fee to Apple and Google Play marketplaces could negatively impact margins, and 6) international expansion may not be succe...

assume $4.7/share in value for the core business based Verizon's pending acquisition
document IMAGES-003-HOUSE_OVERSIGHT_014945.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

assume $4.7/share in value for the core business based Verizon's pending acquisition value of $4.83bn less $300mn for potential revisions. Downside risks to our PO are: 1} Alibaba stock valuation declines, 2) Alibaba valuation discount is higher than expected, 3) Verizon's pendi...

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive
document IMAGES-002-HOUSE_OVERSIGHT_014387.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive at our PO of $14. We assigned a 1.2x multiple to 2Q17E TBV and a 12x multiple on 2017E EPS, with lower PTBV/PE multiple than peers assigned due to the higher perceived risk of their lending mod...