All things STOCKS

#7,102
#7,102
Tri-CitiesVol said:
How many people have I read here say they are taking a gamble on PSTH just because of who the head is? Same concept.
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When you research SPACs what criteria do you use to choose one? Under $11?
I look at the people that I feel are qualified, like Ackman. Even Shaq and politicians are in groups starting SPACs.
Also, what they intend to do with their funds.
Is price the only thing you consider?
 
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#7,103
#7,103
Thunder Good-Oil said:
OSW running fitness classes on cruise ships and at vacation resorts? It’s amazing they’ve survived through COVID.
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Yes, as well as the spa services they offer.

Caribbean resorts have opened back up somewhat, giving them at least some revenue. And in June, they voted to approve a $75 million equity financing that they say will sustain business activities for at least 24 months, if current conditions persist that long. Obviously, not great news that they have to leverage equity to stay afloat, but encouraging that they should have enough cash to sustain operations till business activities return to normal. And if the pandemic continues well into the summer, I think not just OSW, but the travel industry as a whole (and likely the entire market) will see some really bad times.
 
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#7,104
#7,104
Carp said:
Yes, as well as the spa services they offer.

Caribbean resorts have opened back up somewhat, giving them at least some revenue. And in June, they voted to approve a $75 million equity financing that they say will sustain business activities for at least 24 months, if current conditions persist that long. Obviously, not great news that they have to leverage equity to stay afloat, but encouraging that they should have enough cash to sustain operations till business activities return to normal. And if the pandemic continues well into the summer, I think not just OSW, but the travel industry as a whole (and likely the entire market) will see some really bad times.
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The pandemic will continue well into the summer. The last rounds of vaccinations for everybody willing to take it will happen around April and then the virus will linger for another few months. I think that the markets, especially certain industries, will be banking on promising trends up to and into the summer. Hopefully there will be indications that it is getting under control as the summer of 2021 begins.
 
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#7,105
#7,105
Fannie (FNMA) and Freddie (FMCC) are tanking today. They’re really difficult to understand as investments as they’ve been in Federal conservatorship since 2008. Trump’s administration wanted to move away from the government control. The near 20% drop today is because they will instead be deferring to the Biden administration to determine their fates. Heavy trading volume today.
 
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#7,106
#7,106
Thunder Good-Oil said:
The pandemic will continue well into the summer. The last rounds of vaccinations for everybody willing to take it will happen around April and then the virus will linger for another few months. I think that the markets, especially certain industries, will be banking on promising trends up to and into the summer. Hopefully there will be indications that it is getting under control as the summer of 2021 begins.
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Multiple vaccines being available should hopefully speed up the process enough for travel to start returning to some fraction of normalcy. I think ideally, you're looking at 50-75 million vaccinations by the end of April, which would reduce the spread dramatically. Even better would be proven treatment drug that reduces the death rate to sub .001 levels.

I'll most likely get the vaccination when it's available. But we will likely wait for my daughter.
 
#7,107
#7,107
Plunged heavy into AAOI this morning. Been on my watch list a little over a week. Hoping for good things here.
 
#7,108
#7,108
Looking at NAK, USWS, PIXY, NTEC
Oil/Gas is perking up a bit.
HOFV—might start accumulating a few shares
Got out of AESE and QLGN today.

Current holds are WKHS, GE, T, XOM, RKT, BIMI, CHFS, BLU, DGLY, RKDA, ENSV, LTBR, JE
 
#7,110
#7,110
Large hold in GHIV, (largest merger in SPAC history 16.1B). As well as in IPOC merger date Jan 6. Was able to swing MVIS from 1.40 to 4.30.
 
#7,114
#7,114
Looking for something to jump into next week. Got out of AAOI for a nominal gain. Didn't like the price action after it rejected the 8.50's.
 
#7,115
#7,115
Thunder Good-Oil said:
Fannie (FNMA) and Freddie (FMCC) are tanking today. They’re really difficult to understand as investments as they’ve been in Federal conservatorship since 2008. Trump’s administration wanted to move away from the government control. The near 20% stop today is because they will instead be deferring to the Biden administration to determine their fates. Heavy trading volume today.
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Freddie and Fannie have done a couple of things since 2008 to reduce foreclosures, reducing mortgage interest rates on existing loans and extending terms of those existing loans. Neither of these in my opinion make them good investments. The Trump admin wanted to take the regulations off of Freddie and Fannie, this will likely not happen under a Biden admin. So I don't see them as providing much upside in the next 4 years.

Plus, I still haven't gotten over the BS they pulled prior to 2008. They need to be monitored as they proved themselves unworthy of self control prior to 2008.
"The Big Short" is a good read on this topic. At one point in the book they alluded to a West Coast boutique that owned a lot of New Century and another sub prime lender, the firm I worked for was that West Coast boutique.
 
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#7,116
#7,116
GoDucks349 said:
Freddie and Fannie have done a couple of things since 2008 to reduce foreclosures, reducing mortgage interest rates on existing loans and extending terms of those existing loans. Neither of these in my opinion make them good investments. The Trump admin wanted to take the regulations off of Freddie and Fannie, this will likely not happen under a Biden admin. So I don't see them as providing much upside in the next 4 years.

Plus, I still haven't gotten over the BS they pulled prior to 2008. They need to be monitored as they proved themselves unworthy of self control prior to 2008.
"The Big Short" is a good read on this topic. At one point in the book they alluded to a West Coast boutique that owned a lot of New Century and another sub prime lender, the firm I worked for was that West Coast boutique.
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Ha, I was on the other end in a very personal way. I was an organizer of a community bank in the 90s. We were conservative, and made plenty of loans without being too heavy in any one area.
Around 06 we wanted more residential home mortgages, and we hired a lender from Countrywide that was making all kinds of loans. Based on her pay structure we thought she might make more than our president. She brought tons of applications, but from people that had poor credit and/or no proof of income. We rejected more than 50% of her loans. She said that's what they did at Countrywide. We parted ways.
When the **** hit the fan we did not have a single subprime mortgage. The regulators were surprised.
Not all good. There were plenty of bad loans, and it took several years for the bank to recover.
 
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#7,117
#7,117
Go aeiou said:
Ha, I was on the other end in a very personal way. I was an organizer of a community bank in the 90s. We were conservative, and made plenty of loans without being too heavy in any one area.
Around 06 we wanted more residential home mortgages, and we hired a lender from Countrywide that was making all kinds of loans. Based on her pay structure we thought she might make more than our president. She brought tons of applications, but from people that had poor credit and/or no proof of income. We rejected more than 50% of her loans. She said that's what they did at Countrywide. We parted ways.
When the **** hit the fan we did not have a single subprime mortgage. The regulators were surprised.
Not all good. There were plenty of bad loans, and it took several years for the bank to recover.
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Wife worked for Morgan Keegan right before their funds were decimated by the subprime crisis (she did not work on the Kelsoe funds).

An interesting tidbit given our current coaching situation - One of her mentors early in her career there was Jimmy Sexton (he was with ARM, who was owned by MK at the time).
 
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#7,118
#7,118
I’m not clear on what the government oversight with FNMA and FMCC involves. Maybe just forcing them to juice up their balance sheets. But it’s been going on for 12 years now. They’re both only a couple billion of market caps. There might be a lot of upside to unlock if they are allowed to commence sharing returns with equity holders.
 
#7,119
#7,119
Carp said:
Yes, as well as the spa services they offer.

Caribbean resorts have opened back up somewhat, giving them at least some revenue. And in June, they voted to approve a $75 million equity financing that they say will sustain business activities for at least 24 months, if current conditions persist that long. Obviously, not great news that they have to leverage equity to stay afloat, but encouraging that they should have enough cash to sustain operations till business activities return to normal. And if the pandemic continues well into the summer, I think not just OSW, but the travel industry as a whole (and likely the entire market) will see some really bad times.
Click to expand...
Spas are a big business on cruise ships. Primarily women. Even those that seldom visit one at home.
 
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#7,123
#7,123
Tri-CitiesVol said:
What are you in these days?

I closed out the QLGN calls I recommended to you just in time. They announced a direct offering soon after. It’s back into my loading zone now.
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I’ve mostly been playing Calls and Puts. Chewy Calls today, and actually had shares of UPST that I traded a few times. Not too sure which direction to go in now, as everything seems to be overpriced
 
#7,124
#7,124
VolAllen said:
I’ve mostly been playing Calls and Puts. Chewy Calls today, and actually had shares of UPST that I traded a few times. Not too sure which direction to go in now, as everything seems to be overpriced
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GIK as it settles closer to $10 would be a nice swing. Compare the chart to PIC and I think it will replicate. Up to $15 after the company was announced and the will consolidate around $10 until it heats up when a merger date is announced.

IVR is quite similar to MFA, which you love to play. It’s at 3.30 and announcing it’s dividend within a week I think. I bought 1,000 shares and will hold them until retirement if that divvy gets back to .50 next year. I think it matches MFA at .075 for this payment. MFA hit $4 by the way.

MACK is another callout by Twitter guy I’m keeping an eye on. Huge institutional and insider buying the past few months. If they have a cancer drug that causes a day even half like the day GLSI did, it’s worth putting all the monies in.
 

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