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3 hours ago, Brock Botanen said:

That's my thoughts too, but the articles about possible bankruptcy is scaring me away. Think they'll go back to $11 before they start recouping from COVID-19? I was thinking about buying a few shares today but tempted to wait for a drop to happen

I personally don't think so.

 

BC is crushing it's COVID strategy. Ontario had their lowest amount of new cases and largest amount of tests returned today since March.

 

Air Canada flights across Canada will pick up, Dominican Republic just announced they'll be letting tourists back in, and there are the people who will want to fly to Vegas despite the risks.

 

I PERSONALLY think AC has seen its worst day on March 20.

 

And sorry I just checked I'm not in at $11, my avg price is 12.42.

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2 hours ago, nuckin_futz said:

This market just makes me shake my head. How can you sell $1 Billion of something that is bankrupt, is still going to be bankrupt after they sell this? At what share price are they going to have to conduct this offering?

 

You think you've seen everything, then along comes that flying pig.

 

**********************

 

Hertz wins approval to sell shares from bankruptcy judge

Fri 12 Jun 2020 20:27:25 GMT

 

What a sordid saga

What a sordid saga
 
This Hertz fiasco is one of the most-sordid, depressing stories in market history. The company shares are worthless or close to it.
 
Yet somehow Robinhood traders were duped into pumping it.
 
The bond holders need to be made 100% whole before equity gets a sense. To give you a sesne of where that stands, the 2022 bonds are trading at 42-cents and that's about par for the course. There is a total of 5.5B in debt outstanding overall so at 42% recovery, that's something like a 2.3B shortfall.
 
That all needs to be paid out by liquidating whatever assets are left.
 
Somehow the equity is trading at $2.83 and the bondholders got the idea to sell $1 billion in shares, which was approximately 247m shares at the levels where they petitioned the judge. That compares to 142m currently outstanding in the entire float.
 
The bondholders have been honest with the judge. They told him "the common stock could ultimately be worthless."
 
But, hey, if we offer $1B in shares and someone wants to buy them, who is the judge to stop it? The judge just agreed in a decision shortly after the close.
 
Now I don't think they'll actually be able to float that much stock at reasonable levels but in this market, you never know. In any case, that money will go straight from the stock holders to the bond holders who no-doubt can't believe their good fortune.
 
The NYSE is already in the process of delisting HTZ.
 
On the one hand, this is hilarious. On the other, it says so many bad things about market functioning, the intellect of market participants and the overall madness of crowds; that it's frightening.

The robin hooder's that are holding the HTZ bag are the same ones who got taken out back and roughed up dry no rubber by IZEA today. And they probably have no idea HTZ is about to plummet after mass dilution. 

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45 minutes ago, CBH1926 said:

Remember that fake bre x minerals company? Tyco, Enron etc.

I mean even Nikola motors had MC of 31b the other day, zero sales.

Totally remember all of those. The Bre-X fraud was what got me interested in markets.

 

If you haven't seen it, watch the movie "Gold" with Matthew McConaughey. They changed it enough to not have to call it the Bre-X story, but it's the Bre-X story.

 

 

The difference between those companies and HTZ, is a judge didn't OK them issuing shares he was told could likely be worthless. How does a bankruptcy judge sanction this? This is sanctioning ripping of dumb equity holders to benefit wealthy bond holders. It's kind of sickening.

 

Nikola was a mania, pure and simple. I actually looked into shorting it when it was up in the clouds. But could not locate a borrow. Even if I could have, the borrow cost was a lofty 514% per annum. ouch

 

24 minutes ago, NucksPatsFan said:

The robin hooder's that are holding the HTZ bag are the same ones who got taken out back and roughed up dry no rubber by IZEA today. And they probably have no idea HTZ is about to plummet after mass dilution. 

:lol:

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16 hours ago, Whorvat said:

Depending on your average buy, GNUS is looking like a decent buy with the content and people they have

 

My average on GNUS is 4.4

That's a really high average my friend. I would plan my exit on Monday unless this is a long term hold for you. Monday should fly above $4.40 at some point would be my guess. Long term hold would be 2020 Q4 results which should be around Jan/Feb 2021. For kids networks the 8 weeks prior to Christmas are higher ad revenues then the other 44 weeks combined during the year.

 

14 hours ago, HI5 said:

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I'm forsure the kangaroo. Hop in my pouch and lets do this!!

 

13 hours ago, Brock Botanen said:

That's my thoughts too, but the articles about possible bankruptcy is scaring me away. Think they'll go back to $11 before they start recouping from COVID-19? I was thinking about buying a few shares today but tempted to wait for a drop to happen

Won't happen..

 

10 hours ago, NucksPatsFan said:

I personally don't think so.

 

BC is crushing it's COVID strategy. Ontario had their lowest amount of new cases and largest amount of tests returned today since March.

 

Air Canada flights across Canada will pick up, Dominican Republic just announced they'll be letting tourists back in, and there are the people who will want to fly to Vegas despite the risks.

 

I PERSONALLY think AC has seen its worst day on March 20.

 

And sorry I just checked I'm not in at $11, my avg price is 12.42.

Basically all of this..

Edited by AriGold2.0
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Since it's the weekend I think it would be interesting to pick the brains of a few on here regarding what they look for in a company when doing their DD.

 

I've mentioned before that this is not my profession so looking at some of the SEC financial statements is overwhelming. I can understand the basics but I'd be curious to know what the major markers that people look for when conducting their DD.

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I like to think of myself as a fundamental invester so I have a 8 1/2" x 11" sheet which identifies numeric records. I review these sheets for each stock quarterly. What I am looking for are companies that generate F/CF, Total return of + 10%, Div Yield + 3% or strong growth, Debt/Equity below the sector norm, Buy signals using P/S, PE, PEG, the old Ben Graham formula of PE x PB, ROE divided by P/B to ensure it is +, EPS growth. 

 

I use Morningstar, Qtrade, StockCalc, and Refinitiv Reports. to research companies.

 

I do invest by sectors. I use Canadian dividend stocks to generate CF. I have targeted 25% as USD holdings. USD is focussed on Health and Technology and choice Industrials. CDN is primarily Utilities, Pipelines and Banks. 

 

My biggest weakness is selling. With experience I am getting more bottom line and don't fall in love with stocks the way I use to. Tax management is a weakness as well.  

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3 hours ago, AriGold2.0 said:

That's a really high average my friend. I would plan my exit on Monday unless this is a long term hold for you. Monday should fly above $4.40 at some point would be my guess. Long term hold would be 2020 Q4 results which should be around Jan/Feb 2021. For kids networks the 8 weeks prior to Christmas are higher ad revenues then the other 44 weeks combined during the year.

 

I'm forsure the kangaroo. Hop in my pouch and lets do this!!

 

Won't happen..

 

Basically all of this..

That's the plan, hoping it has a good spike Monday morning

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1 hour ago, I.Am.Ironman said:

Since it's the weekend I think it would be interesting to pick the brains of a few on here regarding what they look for in a company when doing their DD.

 

I've mentioned before that this is not my profession so looking at some of the SEC financial statements is overwhelming. I can understand the basics but I'd be curious to know what the major markers that people look for when conducting their DD.

I struggle with financial statements now. There's a lot of garbage in there (capital leases,aro,edrp) that doesn't add value to the investor.

 

Also by the time the statements are released it's way too late. It's all about future earnings and how a company gets there. 

 

Having said that I do like P/E and the dividend pay out ratio.

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Pacific Biosciences of California - PACB - https://www.pacb.com/ - https://finance.yahoo.com/quote/PACB?p=PACB&.tsrc=fin-srch

 

What first alerted me to this company is that an active bullish investor named Cathie Wood from Ark Invest. When Cathie buys something I like to follow her lead.

 

image.thumb.png.cdd8c553b2c39a9bc1f675e2911e5121.png

 

This is just an additional 46000 shares on top of her 4.2M shares which I find amazing because based on her original purchase dates it seems like she's averaging up which is always a good sign.

 

------------------

 

Some interesting things have happened in the last 6 months to this company.

 

1. A planned merger with Illumina for 1.2B was rejected(The termination triggers a $98 million payment from Illumina to Pacific Biosciences as laid out in the merger agreement.) "Antitrust regulators in the UK put out a statement of concern about the proposed merger given Illumina's immense market power in the highly-concentrated DNA sequencing industry" Basically they were told NO because they would have a monopoly. https://www.bizjournals.com/sanfrancisco/news/2020/01/03/sequencing-giant-illumina-scraps-1-2-billion.html?ana=yahoo&yptr=yahoo

 

2. Why were they trying to merge ? Because the planned retirement of the CEO and CFO... And it now just officially got announced 3 days ago on Thursday. https://finance.yahoo.com/news/pacific-biosciences-announces-planned-retirement-125910022.html

 

3. March 6th 2020 - Pacific Biosciences of California today announced that industry veteran Christian Henry has been appointed to serve as Chairman of its Board of Directors. Who is Mr.Henry ? Former COO and Executive VP of Illumina a company that does around 4-5B in REVENUE a year (PACB does around 60-80M). I'm wondering if they have brought in Mr.Henry for commercialization.

 

4. COVID is coming back, and they're doing stuff with it - https://www.pacb.com/research-focus/microbiology/COVID-19-sequencing-tools-and-resources/

 

5.image.thumb.png.e686501b44f900ee7b7a40cad49454d6.png 

https://www.marketbeat.com/stocks/NASDAQ/PACB/

 

6. image.thumb.png.b31e275d58fb57c6f110f6437e6ebe28.png

Institutional ownership is very nice, if the banks are betting on them then so am I.

 

What's to like ? Breakout Biotech Stocks with Triple-Digit Profit Potential - The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

 

Check out Pacific Biosciences of California new 4+ acre plant.

1315 O'Brien Drive

 

---------------------------------------

 

This one isn't a short term play but it's at a good entry price for a company on the rise with a lot of potential outcomes. I hope Christian Henry gets announced as the new CEO (might be too old). I will wait this week for a few dips to add shares. Anything below $3 would be unreal, but I would be really happy under $3.25, initial position will likely be around $3.50 but hope to average down through 2-3 transactions.

 

Do your own DD and don't rely on me. I  have been right on a bunch but that means I'm due to be wrong. Don't say I didn't warn you.

Edited by AriGold2.0
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13 hours ago, AriGold2.0 said:

Thanks Ari, will do some DD today. 

 

I'm definitely loading up biotech plays as states like Florida and Texas announce they have more positive covid tests now than they did in March/April. 

 

-----

 

Just some tickers for you guys to research if you're interested, this is not sufficient DD on them, I'm merely just giving you a suggestion to do further research :)As always, please do not trade based solely on this. Like you, I'm just a huge Canucks fan who has a hobby of studying the market in my spare time and making some extra money. If you're a novice/inexperienced trader, please don't swing these as these require a close eye on them as they're meant to be quick scalps. You're not investing in the company, you're investing in the hype of covid to drive these up intermittently. 

 

XSPA - recently completed a 1:3 reverse split, CEO was on TV Friday evening talking about how they're getting ready to set up testing in various airports (plural - this is important because their stock popped when the contract with just 1, JFK, was announced)

 

BIOC - they announced that in June they will be revealing their plans for how they will build and supply covid test kits (so if xspa is a company that will do the tests, bioc is a company that will provide the tests to those companies). They also recently pushed back their reverse split date vote from June 1 to July 1 as they have to be above $1 for 10 consecutive days for the vote to happen and be approved. With it being mid month tomorrow, stars are aligning for heavy PR to come out to push them up. 

 

COCP - they were being funded by AGP Capital and they finally ended that as of their filing on Monday. They have just entered the pre clinical stage of their covid19 drug, among others ( see here: https://www.cocrystalpharma.com/development-pipeline/overview )

 

JAGX - Covid19 testing stock; received notification from NIAD that they have approval to test one of their drugs against 5 viruses, one of them being covid19 https://www.benzinga.com/general/biotech/20/05/16132752/jaguar-health-says-received-notificatoin-from-niad-that-subsidiary-napos-request-for-testing-crof

 

DSS - announcing their strategy and plans this upcoming Wednesday

 

Are you in #DHS, #FEMA, #TSA, #HHS, or #CDC? Then you need to know about #VChecc, a new system that helps combine #COVID19 #vaccinations with leading technology to reopen America. #Webinar: Wed 6/17, noon EST. Register or request on demand:https://t.co/ifJxrftBmv
 
 
Edited by NucksPatsFan
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44 minutes ago, NucksPatsFan said:

Just some tickers for you guys to research if you're interested, this is not sufficient DD on them, I'm merely just giving you a suggestion to do further research :)

 

Be Careful GIFs | Tenor

Edited by AriGold2.0
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1 hour ago, AriGold2.0 said:

 

Be Careful GIFs | Tenor

Unlike our buddy @yoshiyoshi I'm only putting 5-7% of my portfolio into biotech and not my life's savings.

 

For anyone that read those tickers, please don't trade them if you're a novice or don't have the time to monitor small cap stocks. Their value is being able to scalp them for quick 15-30% gains and sometimes that's in a matter of minutes. 

 

However, still research them to get "practice" in and see how good your DD skills are and where you can improve/learn what to look for.

Edited by NucksPatsFan
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29 minutes ago, NucksPatsFan said:

Unlike our buddy @yoshiyoshi I'm only putting 5-7% of my portfolio into biotech and not my life's savings.

 

For anyone that read those tickers, please don't trade them if you're a novice or don't have the time to monitor small cap stocks. Their value is being able to scalp them for quick 15-30% gains and sometimes that's in a matter of minutes. 

 

However, still research them to get "practice" in and see how good your DD skills are and where you can improve/learn what to look for.

Biotech scares me, i feel even more incompetent trying to figure out these than other stuff. I think i lost money on almost every one i picked up.

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1 hour ago, yoshiyoshi said:

Biotech scares me, i feel even more incompetent trying to figure out these than other stuff. I think i lost money on almost every one i picked up.

Yeah stay away from biotech if you're not consistently monitoring it.

 

Out of 1000 companies trying to make the vaccine, 998 will likely fail. 

 

"Buy the rumour sell the news" is never more true than in these circumstances

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Would love to see peoples thoughts on Marijuana stocks ?

 

Own any ? (Post screen shots)

 

I'm looking to get into a few, I have 1 specifically I like but want to see what your thoughts are?!

 

P.S. I personally think Weed stocks will be the talk of this coming week.

Edited by AriGold2.0
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Futures are hella ugly. 

 

54 minutes ago, AriGold2.0 said:

Would love to see peoples thoughts on Marijuana stocks ?

 

Own any ? (Post screen shots)

 

I'm looking to get into a few, I have 1 specifically I like but want to see what your thoughts are?!

 

P.S. I personally think Weed stocks will be the talk of this coming week.

 

Made a lot of money off Canopy between 2016 and 2018.

 

I'd consider venturing back into Canopy or Cronos group. 

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