OT: Stock and Investment Thread

toby83

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Dec 23, 2014
4,095
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70.74 as we speak. I talked myself into it and bought it at $69.84.

You might be right about waiting. Maybe until Covid starts to recede. But I have a moderate size position now, can always add.
nice job, i got in this morning at 70.68

the Score acquisition is interesting in regards to how they try to take advantage of the Score app (not the gambling portion, but the Scores only app). it's a free app with millions of users in the US.

also, there is an announcement being made today in Canada regarding timeline and details for their newly approved regulated sports betting. 1pm is the news conference.
 
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mdk02

Heisman
Aug 18, 2011
26,473
18,770
113
Branding does matter. Name recognition is important. Not that it was my only point, but I don't think it's a frivolous one.

I do. Apple was found by investors even though it sounded a fresh produce retailer except for "computer". How is Penn GAMING less descriptive?
 

RU05

All-American
Jun 25, 2015
14,660
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nice job, i got in this morning at 70.68

the Score acquisition is interesting in regards to how they try to take advantage of the Score app (not the gambling portion, but the Scores only app). it's a free app with millions of users in the US.

also, there is an announcement being made today in Canada regarding timeline and details for their newly approved regulated sports betting. 1pm is the news conference.
Maybe. Check back in a week.
 

RU05

All-American
Jun 25, 2015
14,660
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I do. Apple was found by investors even though it sounded a fresh produce retailer except for "computer". How is Penn GAMING less descriptive?
Dude whatever, I wrote about 8 different points regarding the stock. Much like your obsession with GME, your intent is to focus on garbage.

But if you want to say brand recognition is unimportant, cool roll with it.
 
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RU05

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Jun 25, 2015
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I don't think he or myself are claiming ability to project the bottom
Ha, that was me at 69.84.

But yeah, if it get's back below I could add. Hoping it doesn't though. I'll add on the way up.
 

RU05

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Jun 25, 2015
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Disney with a nice beat. .80 eps vs .55 expected.

Beats on rev's. Beats on Dis+ subs as well.
 

RU05

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Jun 25, 2015
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The market not loving Sofi's #'s. Down 10ish% early in extended.

Edit:

"Total Year-over-Year Member Growth of 113% Accelerated for 8th Consecutive Quarter to 2.6 million

Total Products of 3.7 million Up 123% Year-over-Year

Record Quarterly Net Revenue Up 101% Year-over-Year and Adjusted Net Revenue Up 74% Year-over-Year"

That all looks great, but:


"SoFi recorded a $165.3 million net loss for the second quarter of 2021, compared to net income of $7.8 million in last year's second quarter."

That doesn't. But with this caveat which is a bit in the weeds for me.

"We remeasured our valuation allowance during 2020 as a result of the deferred tax liabilities recognized in connection with our acquisition of Galileo, which decreased the valuation allowance by $99.8 million. The absence of that tax benefit, together with significant non-cash stock-based compensation expenses and fair value changes in warrants primarily related to the fair market value of SoFi stock, were the largest contributors to the current period net loss."
 
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T2Kplus20

Heisman
May 1, 2007
31,237
19,246
113
The market not loving Sofi's #'s. Down 10ish% early in extended.

Edit:

"Total Year-over-Year Member Growth of 113% Accelerated for 8th Consecutive Quarter to 2.6 million

Total Products of 3.7 million Up 123% Year-over-Year

Record Quarterly Net Revenue Up 101% Year-over-Year and Adjusted Net Revenue Up 74% Year-over-Year"

That all looks great, but:


"SoFi recorded a $165.3 million net loss for the second quarter of 2021, compared to net income of $7.8 million in last year's second quarter."

That doesn't. But with this caveat which is a bit in the weeds for me.

"We remeasured our valuation allowance during 2020 as a result of the deferred tax liabilities recognized in connection with our acquisition of Galileo, which decreased the valuation allowance by $99.8 million. The absence of that tax benefit, together with significant non-cash stock-based compensation expenses and fair value changes in warrants primarily related to the fair market value of SoFi stock, were the largest contributors to the current period net loss."
Sounds like a buying opportunity.
 

RU05

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Jun 25, 2015
14,660
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Sounds like a buying opportunity.
I added at 15.25, which I could have done better on, the limit order was quickly scooped up, and I saw it at 15.15 moments later, just checked and it's back to 15.25.

The low from the July 27th dip was 14.72.
 
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kapyoche

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Sep 11, 2010
5,151
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Why is the stock market controlled by Cathie Wood? Who made her the Goddess of Wall Street?
 

mdk02

Heisman
Aug 18, 2011
26,473
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Why is the stock market controlled by Cathie Wood? Who made her the Goddess of Wall Street?

She'd been on a roll up to 2021. Read the front page article in last weeks WSJ weekend edition which suggests she's human.
 

RU05

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Jun 25, 2015
14,660
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I did ride an unexpected meme wave on WISH a couple months ago, it moderated back, and I've been keeping an eye on it thinking about getting back in. Reported today. Rev's LESS then yoy 2nd qtr. Down 20% in extended after being down 4.5% in regular market hours.

Not sure what their 2019 -2020 comps were, but not going to mess with a pre earnings, declining rev's company.
 

RutgersRaRa

Heisman
Mar 21, 2011
19,087
31,437
113
Ha, I'm definitely sending that to my buddy who just started investing.
Excellent!! And a big thank you--it's a channel I started two weeks ago after a year of design and scripting. It will come out in the next episode [#7, which I'm scripting as we speak] that Rob went to RU undergrad and then went on to get his MBA at Harvard.
 
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toby83

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Dec 23, 2014
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I added at 15.25, which I could have done better on, the limit order was quickly scooped up, and I saw it at 15.15 moments later, just checked and it's back to 15.25.

The low from the July 27th dip was 14.72.
Ugh, I don't want to add more.
 

RU05

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Jun 25, 2015
14,660
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Ugh, I don't want to add more.
neither did I, pretty big position all ready, but this looked like a good oppurtunity to dca.

The position I bought today, I will likely sell off if we get a solid enough bounce in the coming weeks.
 

RU05

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Jun 25, 2015
14,660
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Excellent!! And a big thank you--it's a channel I started two weeks ago after a year of design and scripting. It will come out in the next episode [#7, which I'm scripting as we speak] that Rob went to RU undergrad and then went on to get his MBA at Harvard.
Very cool, I was expecting it to be a lot sillier, surprised to see it was leaning more towards educational. Which given the recent run of new younger retail investors should have an audience. Still had a couple funny lines too.

What's the plan? Strictly youtubing?
 

RutgersRaRa

Heisman
Mar 21, 2011
19,087
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Very cool, I was expecting it to be a lot sillier, surprised to see it was leaning more towards educational. Which given the recent run of new younger retail investors should have an audience. Still had a couple funny lines too.

What's the plan? Strictly youtubing?
Initially to gain monetizability on YT, then see where it goes from there and if another platform(s) makes sense. I've started enough businesses and projects in my life to not overplan, but to get things underway and adjust course as things progress.
 

RUAldo

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Sep 11, 2008
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SoFi numbers were mainly impacted by a decreased valuation allowance for Galileo and stock based comp expenses. I’m thinking this one reverses tomorrow unless the overall market is down.
 
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RU05

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Initially to gain monetizability on YT, then see where it goes from there and if another platform(s) makes sense. I've started enough businesses and projects in my life to not overplan, but to get things underway and adjust course as things progress.
Just checked the view count on some of your vids. Need to work on that.
 

RutgersRaRa

Heisman
Mar 21, 2011
19,087
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Very cool, I was expecting it to be a lot sillier, surprised to see it was leaning more towards educational. Which given the recent run of new younger retail investors should have an audience. Still had a couple funny lines too.

What's the plan? Strictly youtubing?
Also, thanks for the observation about the educational aspect of the channel. The theme of the show is entertainment and education, as well as relative brevity, which makes it multi-faceted and hopefully more interesting to watch. The characters have more latitude to say things I'm thinking while watching Fast Money or Mad Money, or whichever business show is on. Be on the lookout for Rutgers mentions here and there--old habits die hard.
 
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RutgersRaRa

Heisman
Mar 21, 2011
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Just checked the view count on some of your vids. Need to work on that.
Given that it just launched, I'm okay with it for now. I went away for a week immediately after launching it, so the marketing and promotion happens now. Which is partly why you found out about it when you did. I have five other YT channels and am familiar with the space, and the slower development has advantages that many folks don't consider as an advantage. One of the worst things for a company or channel is rapid growth, as there needs to be time to adjust the flaws before alienating the clientele or audience.
 
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rurahrah000

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Aug 21, 2010
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SoFi numbers were mainly impacted by a decreased valuation allowance for Galileo and stock based comp expenses. I’m thinking this one reverses tomorrow unless the overall market is down.
Guidance for the Q3 was below the estimates of a couple of analyst. That should not be a reason to drop and I would not be surprised if this one turns around at some point. Stay patient. This journey may get rocky.
 
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rurahrah000

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Ugh, I don't want to add more.

neither did I, pretty big position all ready, but this looked like a good oppurtunity to dca.

The position I bought today, I will likely sell off if we get a solid enough bounce in the coming weeks.

At some point you have to stop buying. It has a chance to be a good company but there is a lot of competition in fintech and nothing is ever a guarantee. Best option is to invest in more than one company innovating in the space.
 

RutgersRaRa

Heisman
Mar 21, 2011
19,087
31,437
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Very well done, with a nice touch of humor.

Peter Lynch

WSB: "Who?"

Get them really perplexed next time with John Templeton.
@mdk01 Thanks, and glad you enjoyed it. Since it just launched I'm now beyond the planning stages and into the production, and that's where it gets fun. I like scripting--the writing, re-writing, adding and subtracting--and working in new ideas. It's got to be a blend of education and humor, with touches of experimentation to see what new ideas might work. The fact that they're puppets rather than people give me so much more latitude to move in different directions. Stay tuned, and feel free to share with anyone, including Templeton's heirs--I've got a Brit on the show, so I'm halfway home. :)
 
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Rutgers Chris

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Nov 29, 2005
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nice job, i got in this morning at 70.68

the Score acquisition is interesting in regards to how they try to take advantage of the Score app (not the gambling portion, but the Scores only app). it's a free app with millions of users in the US.

also, there is an announcement being made today in Canada regarding timeline and details for their newly approved regulated sports betting. 1pm is the news conference.
I think there’s a few more acquisitions on the horizon in the sports gambling space and expect Penn to be right there in the mix. DraftKings just bought GNOG for similar reasons. I’d expect RSI and GENI to be next up.
 

T2Kplus20

Heisman
May 1, 2007
31,237
19,246
113
At some point you have to stop buying. It has a chance to be a good company but there is a lot of competition in fintech and nothing is ever a guarantee. Best option is to invest in more than one company innovating in the space.
Fintech is an ETF play for me. Picking the big winners and losers is tricky right now (besides SQ).
 

mdk02

Heisman
Aug 18, 2011
26,473
18,770
113
@mdk01 Thanks, and glad you enjoyed it. Since it just launched I'm now beyond the planning stages and into the production, and that's where it gets fun. I like scripting--the writing, re-writing, adding and subtracting--and working in new ideas. It's got to be a blend of education and humor, with touches of experimentation to see what new ideas might work. The fact that they're puppets rather than people give me so much more latitude to move in different directions. Stay tuned, and feel free to share with anyone, including Templeton's heirs--I've got a Brit on the show, so I'm halfway home. :)

The puppets were effective.

Saw Sir John speak about 35 years ago at a small reception for a foundation that he was connected with that was launching a fund raising campaign. My dad was doing some consulting on the campaign and got me a spot. Style wise he was the 180 degree opposite of Cramer. Calm and collected. Solid advice (that part is not a comparison)
 
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