Originally Posted by abrown83
Luckily our demographics and land mass are nothing like Italy.
I think vast majority of people are taking this seriously and we will see 3-4 more weeks of growth and then it will fall off a cliff like China and South Korea.
I think first time cases go down two days in a row, market is off to the races.
Baruch Hashem
Luckily our demographics and land mass are nothing like Italy.
I think vast majority of people are taking this seriously and we will see 3-4 more weeks of growth and then it will fall off a cliff like China and South Korea.
I think first time cases go down two days in a row, market is off to the races.
im in agreement fundamentally but im less optimistic about timeline.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Is 850 billion from Trump really going to help?
Or is it like trying to put duct tape on a crack in the Hoover Dam?
EDIT: Apparently it is. Market going up in a hurry.
Nice....also a fat dividend
From 52 to 12-something in the span of a month.
Well, let me tell ya why, if Druffs belief cruise ships will sail basically full again is true (2022 and on), something I half-heartedly believe myself, maybe we should be buying and getting rich.
Here's my fake 2020 Income Statement for CCL
Well, this COV-19 thing destroyed maybe a year, year and a half...Lets say they cannot sail for most of this year and lose a bit for the part of this year where they do sail, I see: *****ALL NUMBERS IN 1,000s*****
Total Revenue Zero.Zero
Cost of Revenue 4,000,000 ===> I cut this a bit more than half...they will not likely pay employees and not much travel agents to pay
Gross Profit -4,000,000
Operating Expenses
Selling General and Administrative1,500,000 ===> figure marketing will be cut by 2/3rds while admin costs may go up
Total Operating Expenses 1,000,000 ===> cut this by 3/4ths, think this is where food/fuel etc. is counted
Operating Income or Loss -7,500,000
Interest Expense -1,000,000 ===> put down 14% interest on 7.5 billion here, aka 1 billion,
Income Before Tax -8,500,000
Income Tax Expense 0
Net Income -8,500,000 ===> this is what they lose in 2020, roundabout.
Compare this to the 3 billion a year they currently make:
The key here is that this company has no (real) debt. Yes, they have stupid costs of 8.5 billion a year while they wait to have things turn around but that is 3 years of regular income years that they've lost. Would you pay 12.50 for a company that was worth 52.50 before this?! I would, but the certainty is the problem.
Last edited by Forum Wars; 03-17-2020 at 07:26 AM.
Fucking bailingOne stupid comment from government and we will have lost sports then the casino.
There exists a very thin veneer of civility right now.
Alright, we are in play.
Good luck!,,,,
Idiots on the deck
Was nice pop
If we had only listened to Trump and Pence from the start
Squeezerooo.
Oh well, better safe than sorry
Can’t get Munchkins at Tim Hortons
might have missed this slightly, but what about BA?
so we've already established that airlines are quasi-government companies and can't go bankrupt...
what about BA? it's just them and airbus correct for civil aviation? I mean it got down to damn near $100 today and has rallied to $117 now...I know they have really fucked up their aircraft in recent months, but they're in a seeming duopoly if im correct...
dividend is 7% WHICH IS NOT SUSTAINABLE...that will get fucking hacked away certainly as they are probing the gobment for money...might go away all together...but if they're allowed to keep any dividend that would be welcomed...
ba = toobigtofail and a lot of fintwit options nerds went long on it around 10x.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Yeah as a blanket statement you can assume 90% of current dividends are getting cut or eliminated. In addition stock buybacks are getting slashed.
I would be grateful for a transcript of this press conference.
Trump is a nitwit. When asked whether he thought there would be a recession he said something like, “I don’t worry about that. We are going to win and win big”
Leader of the free world
It’s surreal
Stock buybacks only happen at the market top not bottom. I think it’s an SEC law
Berkshire Hathaways Charlie Munger’s second personal holding of only 3
Li Lu’s Himalaya Capital. China fund
Drops mic
Munger talks some smack about the future of capital ain’t in the West.
I need to find a Munger interview. Before my cable service fails
If China has a cruise industry let me know
Remember tying that bedsheet over the shower rod and looking for a chair at 3:15p yesterday?
We are at that point with the DOW again. Yet you feel euphoric
Re T: Dividend stocks are always good and there's an ETF for that.
Stop trying to pick winners, leave that for the sportsbook.
Diversify, buy and hold, rebalance when necessary, and don't be afraid during corrections like this one. It really is that simple.
SOBCHAK SECURITY 213-799-7798
PRESIDENT JOSEPH R. BIDEN JR., THE GREAT AND POWERFUL
In honor of the thread title, TSLA back to $420.
UAW in news
Bailout list
Boeing
Tesla
Carnival
Caesars
It takes energy to go down. It’s an odd concept. We need to rest now.
Massive NYC restaurant layoffs. Mutually agreeable as they can collect.
Last edited by Sanlmar; 03-17-2020 at 09:27 AM.
talk about the one industry that we don't fucking need...if they bailout these cunts im gonna be fucking pissed...UAW in news
Bailout list
Boeing
Tesla
Carnival
Caesars
It takes energy to go down. It’s an odd concept. We need to rest now.
yeah that was kinda my thinking as well...but I guess it's like the airlines...step in too early get a nice haircut of the ol' dick...
yeah it's really important to look at the companies you are putting money into...I feel relatively safe with KO and WMT...think I should be OK on PM and BTI...XOM and CVX will be interesting...fully expect them to get cut, but holding out hope that they might not...but eyes are wide open with them...the more boring (CLX, KMB, GIS) the safer you should feel...
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