Can’t make it up indeed. I bought AMC at $3 as a reopening play in January 2021. I got caught in the same type of tsunami. Ended up selling at $15 after the Robinhood nonsense.
Twitter is calling for WEBR to 30
OT: Stock and Investment Thread
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Twitter is calling for WEBR to 30
If WEBR to $30 happens I’ll be thrilled because I was kicking myself for selling WOLF last week at $89…WOLF was up like 30% today.
This is hysterical BTW…I could see it catching fire LOL
Overweight Man Reassures Doctor That His 8.5% Weight Inflation Is No Longer A Problem As His Weight Inflation This Month Is 0%
When the company in question has burned over $300mm in cash from operations less investing activities year to date, has more than $1.2bn of debt outstanding (all floating rate) that’s rated Caa1 by Moody’s, and debt to EBITDA at obscene levels, I’d say the balance sheet certainly matters. Real chance of a filing and a zero for the equity.
I repeat…WEBR is/was purely a small spec play in my portfolio and I’m now up over 40%…not to mention that it actually manufactures something and is probably the biggest name in grilling with distribution at the largest retails in the biz. I’ll take WEBR over most spec biotech or spec tech plays any day of the week. I’m not recommending the stock as a long term hold.
I was responding to your comment about the irrelevance of balance sheet to equity valuation and stock prices.
Unfortunately stock prices these days have little correlation to fundamentals. But I get your point…
That’s often the case. Today isn’t that different in that regard. As Ben Graham said when testifying before Congress decades ago….
Mr. Graham: That is one of the mysteries of our business, and it is a mystery to me as well as to everybody else. We know from experience that eventually the market catches up with value. It realizes it in one way or another.
And it will again, and always will.
I would note, however, that gambling with the stock of a business experiencing severe operating declines while holding massive amounts of debt with diminishing liquidity may preclude an equity investor from enjoying any benefit from the brand, manufacturing capability or distribution network you mentioned. Because when you can’t pay interest, the equity is zeroed out in a restructuring 99% of the time.
Balance sheets matter.
He’s a POS….led the lambs to slaughterRyan Cohen is laughing all the way to the bank. really sticking it to the man and helping out the little guys.
@Frida's Boss "and who are you" lol
testify brother!
you know I'm not as high on Buffet as you but he's really done wonders for my occidental holdings in long-term portfolio!
testify brother!
you know I'm not as high on Buffet as you but he's really done wonders for my occidental holdings in long-term portfolio!
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Maybe investors are waiting to see what Jerome Powell has to say this Friday in Jackson Hole? Everything seems to be in a holding pattern at this point.
That's what I was referring to. And also, looking ahead a few weeks, the next CPI and PPI reports. If we see another drop, this correction/bear market is OVER!
The PCE reports on Friday morning could move the market too. The FED relies on these quite a bit.That's what I was referring to. And also, looking ahead a few weeks, the next CPI and PPI reports. If we see another drop, this correction/bear market is OVER!
Let’s get back to stock picks = anyone have any interesting ideas? My two newest spec plays that I’m looking to buy on dips are Vacasa and Toast. Thoughts?
How are you getting 8.83% for T. I see 1.11 for a 6.16% yield.
Saw a segment for TMUS this morning on how it’s about to pass VZ in market cap and how the return over the last decade was some huge percentage number while VZ was a flatline not including dividends. TMUS gains share against the other two with competitive pricing.
Also mentioned long ago in those cord cutting threads wireless broadband could someday be a real competitor to the cable companies and I think we’re starting to see the very beginnings of that. Coverage is still spotty there but in the future I’d assume that will improve.
Yeah, I’m holding T purely for the dividend under the current market conditions. Ideally, it bounces back into the $20s so I can unload the POS at some point. But for now, 8%+ not bad place to park some money assuming it doesn’t slide anymore.
Well that's including the dividend before the WBD spinoff became official.
That's what I was referring to. And also, looking ahead a few weeks, the next CPI and PPI reports. If we see another drop, this correction/bear market is OVER!
Time to place bets tomorrow afternoon. I will have to see how the options markets are playing for volatility. I have closed almost all my puts from last few weeks for substantial gains.
Outstanding Q for CRM in tough conditions. Very impressive! I will add to my position if the market stays dumb tomorrow.
NVDA pre-announced, so no surprise on this one either. Definitely buying more if lows are tested.
It’s on my short-list but CRM still expensive at these levels especially in light of the current environment.
PE is over 170 and CRM posted net income of $68M…I think there are better buys in this market. SNOW had nice quarter.
I added SNOW at 140 at the end of June when it looked like we may have bottomed in growth stocks. So far so good
Fed is desperately looking for signs to pivot:
Fed officials say no call yet on 50 vs 75 bps rate hike in September
Fed officials say no call yet on 50 vs 75 bps rate hike in September