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Not sure if it's fun, but I've been scaling into OPEN. Beaten down, has Chamath stink all over it. Still might go below 10 yet but is looking to have rev in the $8-$10 B range next year and creep toward profitability. Sitting at $8B now and I'm looking for a double in 6-12 months on a sentiment reversal. Also seems like at worst a neutral play if not better suited for inflationary environment IF those fears pan out.
I wish I had bigger
's :( 
My financial advisor said I had too much when I wanted to add in the low 200's. Might have to fire that guy. But I do have a lot, so probably the right call.I wish I had bigger
~15% gain in less than 2 days in a company I like
Look into TRCH... merger with with meta material happening soon and it will be paying a special dividend from a sell off of oil land. I’m in for 1000 shares just to see what the dividend will be... some people are saying a couple bucks some are saying could be $20 so who knows.
In for 690 shares. I don't mind an oil play to offset all of the clean energy stuff I have long.
Yeah, my FA (me) would agree that there's a limit you should be willing to put in any one company.
I wish I had small amount with Bezos. Dump my freed up cash back into Amazon and didn’t have much cash leftI wish I had bigger
~15% gain in less than 2 days in a company I like
Lol. Tell me about it. I was beating the UPST drum the last week and the week prior with earnings when it was in the 80s. I certainly wasn’t thinking that in 5 trading days it would go from 80 to 140. SMH. Glad I own some but I definitely have enough other stuff that I could have sold (like KALA over $8 and CLOV at $11) and cash.I wish I had bigger
~15% gain in less than 2 days in a company I like
ANW) FQ3:
Amazing that you get that much of a pop with a <1% revenue beat and a 6% earnings beat. So many companies destroyed those beats and went down.
https://www.cnbc.com/quotes/KSS?qsearchterm=kss
Stimmies run out, Kohl's will run dry. But that kind of drop is still kind of a head scratcher. It isn't at 30x P/S or anything crazy.
It's like .75x, but I'm not sure that's a good measure for a brick and mortar purveyor of goods. PE of 13.5 based on guidance.
Solve their supply chain problems. It is going to be a tough couple of quarters for them.
Mr. Wonderful's head would explode.ericttspikes said:
Well that makes sense now. Buy in the fall and sit in the ground doing nothing for 6 months and then grow slowly.
Total speculation here on my part but I look at this company similar to BLMN and wonder how on earth is it worth more post-covid than pre? BLMN is up 50% compared to pre-Jan 2020, Kohl’s is closer but a triple in the last 6 months and still worth more than it was pre-pandemic. They are blowing away earnings estimates but those earnings estimates are still significantly below what they were pre-pandemic.
Might not be a bad value/contrarian play. I would guess they got completely wrecked by suspended SL payments and the rumors of SL forgiveness so it would make sense they are trading near book value. Sounds like a classic Peter Lynch investment
Thanks. I have a very crude litmus test for looking at companies I've never heard of, you'd laugh if I told ya. But, this passes the test.
Same here actually. That's how I end up with some many damn tickers.
I’ve mentioned this same thing in here about BLMN as well. There’s this kind of thought that everything non-growth/tech is a value play and cheap because the re-opening but if you look at stocks like JPM and BLMN, they are at ATHs even though they aren’t fully back business wise to 2019. Banks had great quarters mainly due to those rule changes that let them take reserves and roll them back into revenue or earnings. Same with Kohl’s and other retailers that actually did well in the pandemic. It wasn’t just Zoom that gained tons of revenue, HD, Walmart, Target, Lowe’s, etc. all benefited hugely from stimmies and being the only places around to buy stuff. Q2 YoY has been something that more companies, not just WFH/tech stocks have mentioned as harder comparisons. Q1 was much easier because people were just starting to close up a bit and not going out because no one knew.
That isn't a rule change, that is just how reserves work when there are less charge-offs than you reserve for. The rule change was CECL at the start of 2020, which effectively makes banks reserve for losses more conservatively (based on future scenarios).
Got it, I don’t know the rule specifics but the reserves not being reserves anymore made their quarterly numbers better. That’s a one time thing and more of a re-allocation of their existing money, right? It’s not the same as adding another million clients and gaining revenue from them in client fees.
Correct. It is the reversal of losses they would have booked via reserves in the 1Q20/2Q20. Pretty sure all banks report their outstanding reserves in the earnings supplement. There will be more to come the rest of the year. You also have buyback announcements that will follow the annual stress test results (in probably about a month) after banks being restricted from that last year.
Right, that’s what I was getting at. Kind of like how BLMN seems a bit expensive considering they are worth we’ll more than 2019 and aren’t doing as well (costs for restaurants going up) and JPM has considerable Fintech competition now. At $90 and below, they were a good buy, but some of these value plays are up as many times as the growth/tech stocks since the dip last March.
The bigger banks are basically utilities. So the story is going to mostly be about how they return capital and reduce costs.
Capitalist Pig!
Hope you guys tailed me on this. Sold for a 11% gain in 2 days. Should have shoved all in but when something is this obvious I always talk myself into being conservative.
Anybody ever take a look at TSM? Apparently they are the only ones that make the super small chips used in all new cars etc. and NVDA is quite a bit behind them in chip technology. I try to stay away from over seas companies with that much of a threat from China, but, they seem to have a nice little corner of the market.
Bought 100 shares last October at $89. Been a nice return. Based on my purchase price, it’s probably about a 2% dividend for as well. I can’t imagine I’ll sell it anytime so, just a long term hold.
Or, instead of this profitable growth company whose a leader in a burgeoning sector, you can hop into $BOWX, the SPAC that’s bringing WeWork public. This historic bringer of value just announced they lost a mere $2.1 billion last quarter.
I wouldn’t touch that stock with a ten foot pole. So much stink on it from that ex-CEO.
Own. No plans on selling soon. Have thought about adding multiple times. The only thing not to like it political risk imo.
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