Jump to content

LABEVO

Full Members
  • Posts

    884
  • Joined

  • Last visited

Posts posted by LABEVO

  1. 10 minutes ago, Bone3421 said:
    16 minutes ago, DonkeyCigars said:
    I think Eastwood was brilliant to make a ton of money; is he leaving money on the table? Who knows. But certainly he gained.
    The question really is, how does this end? I like this blurb I read this AM that kinda details the tricky position to do anything with this newfound windfall:
    "You know who has a weird job right now? The CEO of GameStop George Sherman.
    GameStop’s executives and board of directors don’t seem to have said much recently. What could they say? “Huh, nice that the stock’s up.” One important thing to remember is that while you and I and Reddit and Elon Musk can all treat GameStop’s stock as an absurd gambling token, a toy adrift on market sentiment far from any economic reality, it is still the stock of a company. The company’s executives still come to work each day and have to figure out what this all means. Does the price signal sent by the capital markets tell them something about how they should invest and what their hurdle rate for new projects should be? (Lol no.) Should they keep doing the stock buyback that they still have authorized? (Lol no.)
    Should they sell a ton of stock to all these redditors who want it so badly? Yes, of course, absolutely, I said so on Monday, but it’s tricky.
    For one thing if they sell stock at the top they will surely get sued. For another thing, even at these prices, you want something sensible to do with the money; you can’t be like “we’re gonna sell a billion dollars of stock because we can, and use the money to pay ourselves bonuses and open some stores I guess?” Also, though, what is happening with their stock is a strange and for all anyone knows delicate piece of magic, and it’s very possible that filing to sell more stock would mess it up.[3] For technical reasons (more shares for short sellers to borrow), for fundamental reasons (dilution?), for anti-establishment resentment reasons (“ahh Wall Street is taking advantage of this rally for its own ends”) or for general emotional reasons (“man even GameStop is a seller at these prices”). I would not be especially surprised if GameStop announced a stock offering and the stock fell all the way back to, you know what I am not going to type a number here, but let’s just say a normal price."

    Just hear say but I believe they are not saying anything due to the "quiet period" before earnings report

    images?q=tbn:ANd9GcQuZ_VFhxFCZLM6Y3GNcw2

    • Like 1
  2. 15 minutes ago, DonkeyCigars said:

    I still think longterm shorting GME makes sense; it's a failed, crappy business and this manic high can only last so long. Like a drug binge, it wears off and you have to sleep at some point.

    tender shares and pivot the business.

    Hertz was able to do the same to keep from going bankrupt.

    • Hook 'Em 1
  3. On 1/15/2021 at 8:30 PM, HenryJames said:

     

    Is this true though? Sounds like a nice article but Dems barely won. Qanon keep dominating the Republican party and districts are so gerrymandered that unlikely to face real competition so I don't think we are near Republicans becoming reasonable again. We have multiple sitting politicians trying to take over the Trump cult so I don't think this is going away and Republican craziness is hear to stay unless they decide to reform but why would they....?

    • Like 1
    • Rage+1 1
  4. It interesting that my Linkedin is being dominated by politics now. I come from an investment/ banking background so most of my network can be fairly conservative. The number of individuals replying making anti-Trump and administration comments is telling. Two CEOs of public companies that used to post pro-Trump post now have deleted those post and one has deleted their linkedin account. 

  5. Just now, gsoda3 said:

    this, what's the history behind granting one person this power?  why don't the other two branches of gvt have the same power?

    miscarriages' of justice happen all the time. we only hear about the bad ones but many presidents use the power to give clemency. 

    • Hook 'Em 4
×
×
  • Create New...