Posted On April 15, 2021
One theme I’ve been beating pretty consistently since late last year is that I don’t understand the valuation of “pandemic recovery” plays. These are things like cruise ships, airlines, restaurants, and a variety of other things that have been shut down by the pandemic. Almost all of these are trading at valuations significantly in excess […]
Posted On April 2, 2021
Astute readers might notice that I did not do an April Fools' joke this year. I considered doing one, but honestly I did not know how I could top the ongoing pranks that deSPAC'd companies are pulling on their shareholders. A quick background is important to understand what's happening. When a normal company goes through […]
Posted On April 1, 2021
We're living in strange times. There's no doubt about that. 18 months ago, who would have believed that March Madness would be cancelled, or we'd go an entire year without fans at concerts / sports, or that the capital would be stormed? I'd guess no one. And our financial markets seem to have responded to […]
Posted On March 31, 2021
Some random thoughts on articles that caught my attention in the last month. Note that I try to write notes on articles immediately after reading them, so there can be a little overlap in themes if an article grabs my attention early in the month and is similar to an article that I like later […]
Posted On March 25, 2021
A few weeks ago, I said the tide was turning in SPAC-land. This week, I think it's safe to say that the tide has completely gone out on SPACs. A few weeks ago, an average SPAC merger announcement would result in a 10% pop. A good SPAC merger announcement (a good deal by a good […]
Posted On March 24, 2021
Note: this stock is absolutely on the smaller side. I know this is below the investable market cap for some subscribers, but this is probably the most interesting idea / situation I’m looking at right now, so I wanted to write it up because I want the premium service to focus on my best /most […]
Posted On March 23, 2021
I've discussed CCIV a few times: in the lead up to their deal announcement, I discussed how crazy the stock price / action around the stock was. Then, when the stock crashed on the deal announcement, I wondered if that would mark the turning point to pop the SPAC bubble. But I wanted to do […]
Posted On March 16, 2021
This post is another in a series I do on an irregular basis. A “quickie” idea is an investment specific idea that I’ve been mulling over and find interesting, but haven’t dove fully into yet. The hope is to provide the jumping off point for a discussion of an idea I find extremely interesting right now, as […]
Posted On March 15, 2021
Something weird is happening in media stocks. Legacy cable channel / media stocks have seen their stocks go on an absolute tear so far this year, while streaming "winners" have been left behind. Year to date, AMC Networks, ViacomCBS, and Discovery have all more than doubled, while DIS is up slightly and NFLX is actually […]
Posted On March 12, 2021
Hi subs, Before we get to the updates- first, thank you so much for subscribing to the premium site! Second, a quick housekeeping. This month’s housekeeping has three parts: I mentioned it in my 2021 vision, but my goal for the premium site is simple: 2 posts/month (24 posts a year). One of the monthly posts […]
