All things STOCKS

#4,101
#4,101
Go aeiou said:
Have to disagree. We should all favor no or low deficits which means taxing to pay as you go. I read today that the deficit for June was 823 billion. Last June it was 8 billion.
The deficits are necessary right now, although much of the money is wasted. Running deficits when the economy is sound is senseless.

Ha, I filed myincome tax return in March, and am due a $8000 refund. IRS is completely unresponsive. Not a isolated case.
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Deficit spending isn't necessarily as horrible as it sounds. What's important is not letting the debt grow faster than economic growth. The trillions in COVID stimulus programs is quite a set back. Also the government is huge and right sizing it is nearly impossible. I've worked at more than one company that has taken drastic measures like across the board pay cuts. Government shouldn't be exempt from those things.
 
#4,102
#4,102
Thunder Good-Oil said:
It's kind of deceptive that they call it BONUS depreciation instead of accelerated depreciation or simply the expensing of fixed assets. It would be a great economic stimulus if it was used to incentivise CapEx purchasing from domestic based manufacturing. In reality it probably stimulated production in places like China absent restrictions on the source. It looks like the more recent legislation doesn't even restrict it to newly manufactured fixed assets purchases.

I don't have a big issue with carried interest as long as it's based on long term holding periods of those investments.

I wonder if we'll see value added taxes at some point. Income taxes on corporations and individuals are just ridiculous. It's theft. Unfortunately value added would just be IN ADDITION to existing government taxation instead of a REPLACEMENT.
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VATs would kill our economy. One of the main reasons Wal Mart failed in Brazil was they couldnt properly account for VAT in all the products they sold. If a retailer with Wal Mart pedigree couldnt figure it out, how will small businesses do so?
 
#4,103
#4,103
Here is another article on Allegiant that I found. Their daily cash burn the 1.75 billion was a projection, and 900k was the actual number for the month of June. Their expectation for the 3rd quarter is to drop their burn to 700k. The plan to operate about 75% of their schedule in the 3rd quarter. Right now they are pretty cheap at 101. on RH. Could be one to watch for those who have some capital and can let it sit for a little bit.
Allegiant Travel's stock rises after upbeat June bookings, cash burn results
 
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#4,104
#4,104
BigOrangeMojo said:
VATs would kill our economy. One of the main reasons Wal Mart failed in Brazil was they couldnt properly account for VAT in all the products they sold. If a retailer with Wal Mart pedigree couldnt figure it out, how will small businesses do so?
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If it happens I think that it could be on production rather than consumer sales. Still, crack that door and it will soon be kicked in by the government. At what rate were the Brits taxing the tea?
 
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#4,105
#4,105
I was tempted to jump on SAVE when it was bouncing around, iirc, $18 a couple of days ago. It bounced off of about $15.50 today. Somebody talk me out of doing something stupid tomorrow. It was up slightly in the after hours trades.
 
#4,106
#4,106
Freak said:
Thought this was interesting.

Tesla Shorts to Amass First-Ever $20 Billion Bet Against a Stock
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I like Tesla if they focus more on batteries rather than vehicles. Power systems in buildings seems like a better idea than trying to take market share from Toyota, Ford, GM, Mercedes, VW, etc. They should partner with those rather than spinning their wheels competing. I'd like to see them focus on integrating building power systems like solar roofing, generators, power grids, as well as producing the batteries at the heart of the systems.
 
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#4,108
#4,108
Thunder Good-Oil said:
I was tempted to jump on SAVE when it was bouncing around, iirc, $18 a couple of days ago. It bounced off of about $15.50 today. Somebody talk me out of doing something stupid tomorrow. It was up slightly in the after hours trades.
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If you have cash sitting around why buy it now? I think we still have a little beat down left to go on COVID rebound plays. SAVE hits $13 before $20. JMO.
 
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#4,110
#4,110
JFreak said:
If you have cash sitting around why buy it now? I think we still have a little beat down left to go on COVID rebound plays. SAVE hits $13 before $20. JMO.
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I'm interested in trading it, not necessarily holding it. In at $16 and out at $19 would be great. I don't care to own it and watch it fall to $13. I guess I need to pay as much attention to the COVID events rather than the price of SAVE.
 
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#4,111
#4,111
Spirit going from 50 flights a day in June to 550 flights a day in July is big. Q2 earnings are undoubtedly going to be a disaster, but Q3 may surprise a lot of people. Either way, this is a great investment if you’ve got 3-6 months to hold. I do believe this will double by years end.
 
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#4,113
#4,113
Also, going back through some of my screen shots, there were a few days where SAVE ran huge in a day. $17 to $21 on 6/4, $14 to $17.59 on 6/3, 6% on 6/2, 38% on 5/27, 28% on 5/18.

It’s been a while since a good jump. I believe one will come next week.
 
#4,115
#4,115
VolAllen said:
I believe that’s correct. And I read in their most recent IR update (I think?) that they’re profitable running at 35% capacity.
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A month or two ago somebody posted a video link about the airlines' freight operations. That was interesting.

Too bad the airlines can't take advantage of the cheap fuel right now. But fewer flights have a lot to do with fuel being less costly today.
 
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#4,116
#4,116
Thunder Good-Oil said:
A month or two ago somebody posted a video link about the airlines' freight operations. That was interesting.

Too bad the airlines can't take advantage of the cheap fuel right now. But fewer flights have a lot to do with fuel being less costly today.
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I think with Spirit you’re more or less betting on a America rebound and return to normalcy. This too shall pass, or life as we know it is gone forever.
 
#4,117
#4,117
Thunder Good-Oil said:
I like Tesla if they focus more on batteries rather than vehicles. Power systems in buildings seems like a better idea than trying to take market share from Toyota, Ford, GM, Mercedes, VW, etc. They should partner with those rather than spinning their wheels competing. I'd like to see them focus on integrating building power systems like solar roofing, generators, power grids, as well as producing the batteries at the heart of the systems.
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Yep, that is where Musk shines. People are sold on EV now and he has the best.
Manufacturing his own car might be more of an ego decision than a business decision at this point.
 
#4,119
#4,119
Anyone eyeing any high yield stocks? After some research, I'm liking BOH quite a bit. I may have to invest at least half of my portfiolio (may be all of Schwab 401k?) into BOH very soon, maybe a soon as next week. It's a high yield dividend stock that's approaching 52 week lows from March. Probably looking at minimum 20% gains over the next year, with the potential for 60%+ gains if it gets back to pre-covid levels.
 
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#4,120
#4,120
Spirit and other airlines down nearly 40% in a month. TSA reporting more and more travelers daily. What am I missing here?
 
#4,121
#4,121
VolAllen said:
Spirit and other airlines down nearly 40% in a month. TSA reporting more and more travelers daily. What am I missing here?
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Too much of a runup from March lows. For example, AAL was almost at the same point in early June as they were the last day of February.

Even SAVE went up too much too fast. In Feb, they were trading in low 40s and they diluted heck of out stock for COVID liquidity (30-35%). You factor that dilution in and SAVE was close to end of Feb levels as well.
 
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#4,122
#4,122
Also liking NCMI for a rebound as theaters start to reopen and new movies are released. If I had the money freed up, I'd be in this one today. It may not see sub $3.00 for awhile. This one also has a nice dividend yield.
 
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#4,125
#4,125
Carp said:
Anyone eyeing any high yield stocks? After some research, I'm liking BOH quite a bit. I may have to invest at least half of my portfiolio (may be all of Schwab 401k?) into BOH very soon, maybe a soon as next week. It's a high yield dividend stock that's approaching 52 week lows from March. Probably looking at minimum 20% gains over the next year, with the potential for 60%+ gains if it gets back to pre-covid levels.
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You might want to look at the 2nd qtr call report. It should be out in about 10-14 days. They might provide financial statements sooner?

Dividend could go to zero if they have significant loan write offs or don't maintain their ratios.
 
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