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Ally Venable with Buddy Guy - Texas Louisiana
TSLA I am still not a big fan of TSLA here. My guess is she will probably fall back again. But I certainly don't have the cajones to short. I do think over the short/mid term, TSLA will become more and more valued as an automobile company. And my guess is also that '25 estimates are still a bit too high (even though they dropped from $8 to $3.41 over the past six months or so).
But then again, I could most definitely be 100% wrong.
best.
'The Kobeissi Letter
@KobeissiLetter
The US is officially the largest oil producer in the world, and it's not even close.
Currently, the US is producing 12.9 million barrels per day of crude oil.
This is nearly 30% more than the 10.1 million barrels per day that Russia produces and 33% more than Saudi Arabia.'
In fact, the US alone pumps 45% of the output produced by the entire OPEC combined.
Furthermore, the US now produces nearly 4 TIMES as much oil as Brazil.
Truly remarkable.'
Wu Tang Clan @ New Orleans Jazz Festival with Kick Arse Sign Language Interpreter
https://www.youtube.com/shorts/CEJqkuxyYVY
And after Leonard, he stuck in another starter Gura ... who got bombed the night before.. and Gura gave up the big single that tied the game.
yup.. although he did lose three straight ALCS's to the 'hated' bronx bombers... and that '77 loss in game five (of five) coming into the ninth up a run was gut-wrenching.
Crooked SPCB raised money for the upteenth time
'SuperCom stock falls after company prices its $2.9 million offering
Apr. 18, 2024 8:45 AM ETSuperCom Ltd. (SPCB) StockBy: Sinchita Mitra, SA News Editor
SuperCom (NASDAQ:SPCB) shares slid 16.7% in pre-market trade after it priced its $2.9 million registered direct offering.
The combined effective purchase price for one ordinary share and a warrant to purchase one ordinary share will be $0.36.
The warrants will be immediately exercisable upon issuance, will expire five years from the date of issuance, and will have an exercise price of $0.38 per ordinary share, the firm said.'
TSLA the sell side analysts are turning against this one.... Deutsche Bank joined today: 'Deutsche Bank analyst Emmanuel Rosner downgraded Tesla shares to Hold from Buy on Thursday. His price target went to $123 a share from $189, down $66 or 35%. Rosner believes Tesla's lower-priced vehicle, typically referred to as the Model 2, will be pushed out beyond late 2025.' I gotta look at this one to see where I'd buy.
ACCO thanks for your analysis
ACCO I'm kinda surprised you bought now. Seems like a solid risk-reward here, the only reason I am 'surprised' is b/c you generally don't like buying when a company is about to report its seasonally weak quarter.
PPIH yup, it is a difficult comp, but that doesn't really bother me. I guess my concern is the endless weakness in the price of natty gas which may hurt business... and I guess from that same perspective, I was hoping for another contract announcement intraqtr, and we've had none. I've bought some down here.
R2000 looks like its down 3.5% for the year.
LF, VIRC, ok I see, you meant backlog went down year over year, not the 'shipping + backlog' that you wrote. best.
VIRC ... not sure where you're getting shipping + backlog measure went down year over year. Or maybe you mean just 'backlog'.... perhaps you were able to back into that numbe? They do say in the earnings pr that "...Forward indicator of “Shipments plus Backlog” reaches record $317.6 million vs. $289.6 million last year" (and I think S+B went up even more sequentially). And in their April presentation on page 12 which came out the same time as the prelim #'s, it also showed the same numbers I cited for fy end '24 vs '23.
What am I missing or misunderstanding?
best.
TPC is funky and up a lot from its lows, but I did buy some ... maybe I'm missing something cause there is basically no positive reaction, but in their 8-k on the refi they state this, and current estimates I see for q1 are for a loss of .17 on $875 mil in sales: from the refi 8K:
from this morning's TPC 8-k: In connection with a proposed private offering of $400 million aggregate principal amount of senior notes due 2029 (the “Offering”), Tutor Perini Corporation (the “Company”) is disclosing the following preliminary financial estimates for the fiscal quarter ended, and as of, March 31, 2024.
The Company has not yet completed preparation of financial statements for the fiscal quarter ended March 31, 2024, but based on preliminary data available to it, it is providing the following preliminary estimates:
•
Revenue in the range of approximately $1.025 billion to $1.075 billion;
•
Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million;
•
Diluted EPS in the range of approximately $0.27 per share to $0.32 per share;
•
Cash flow from operations in the range of approximately $96 million to $100 million; and
Total debt of approximately $800 million, a reduction of approximately $100 million from December 31, 2023. This is expected to be further reduced by an additional amount of approximately $100 million with the anticipated redemption of $500 million aggregate principal amount of the Company’s Senior Notes due 2025 and issuance of $400 million aggregate principal amount of senior notes due 2029 in the Offering.
VIRC I bought
T a few quarters back T was dinged by some health or environmental issue where it was thought they may have to spend a ton to fix. Do you know if thats still an issue?
RELL yeah, I though it earnings were ok, they did beat estimates on EPS. Last quarter RELL quickly gave up its early after earnings gains, so we'll see. Solid balance sheet, I think its still trading under tang book even after today's move.
But in the CC they did say a few nice things, not really unexpected, but good to know they think they are on the right track. They said that their PMT biz (semi-wafer) which had been their biggest segment until the huge downturn, has bottomed and they expect sequential growth their; and from discussions with their largest customers (Lam Research by far the biggest, but also AMAT and others) they expect calendar year 2025 to be a record year for PMT. They also said their GES biz (alt energy - wind turbines, and also railroad associated) will show sequential growth. Health, a small money losing sector forever for them, next qtr blah, but they claim the are on a path to breakeven relatively short term. Canvas (displays) seems ok, but not much growth short term. But if PMT comes back strong, that would be a huge help to the bottom line.
best.
Bo's my all timey fave athlete... well along with Secretariat.......
ADFJF looks solid to me after a quick looksee.
PERI and INMD both Israeli. Wonder if the war is having an effect on operations.
INMD out with lowered guidance
CVU welp, I am pretty sure that your knowledge of CVU's operations are in the top .0003% of all people in the US. Not tooooo shabby.
thx for the expert CVU commentary
gotcha...thx. You have any thoughts on the CVU earnings, which as per Hweb, doesn't jive when you look at pretax earnings of full year less nine months.. or at least they are not telling you what adjustment they made to get to nine cents.
IB - thanks Larry, r59, and Hweb for all that info
Larry, I primarily want to use it to buy in pre-pre market. And mostly dinky stocks. Is it just once in a while that these restrictions hit, or is it like 25%. Any way to quantify?
re InteractiveBrokers I am thinking about setting up an account at IB, but what you describe does scare me. I mean I get up in general super early, so I can actually trade often at those weeee early hours where once in a while you see some wacky trades that I'd like to try and take advantage of.
AXTI raises q1 rev estimates from $20 - $21 mil to $22.4 - $22.7 mil
thats interesting
CVU anyone get a chance to review the numbers, and any thoughts?
CVU in with a strong quarter, seems like .09/share fully taxed on an adjusted basis. And their backlog grew sequentially by a tad. I added pmkt.
Lisa Abramowicz
@lisaabramowicz1
The S&P 500 hasn't had a -2% day since February 21, 2023. "This is the 12th longest such streak since 1928:" Citi's Stuart Kaiser
5:03 AM · Apr 8, 2024
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22.3K
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hweb, do you still have an account at IB, and if so, is that hassle where they restrict trade on certain stocks b/c of investor affiliation concerns still ongoing?
true, and I have no idea about the econ going forward, it just seems fine to me at a snapshot at this moment.
But my point really was not about the econ doing well or not; but rather that these people I mentioned, from the ages in their late twenties to near seventy; now have jobs that on average require them to go to the office well under half of the time, and I think that is having a heavy influence on the decline of office vacancy rates rather than the economy in general as you cited.
best.
I disagree. From what I see the job market is still very strong. Vacancies, imho, have more to do with everybody working from home. Anecdotal, but I have a friend who is 69 years old who quit his job abruptly b/c he didn't really like his new boss. Told the headhunting agency that he wanted a job where he can work 100% at home. Within a week he was offered a high paying job where he has to come in to the NY office once per quarter. My daughter just found a new job with a large international 'spirits' company pretty quickly at what I consider to by very strong salary for her experience. And she has to come in 3 days per week. My brother-in law is an attorney with the Attorney Generals office for the State of New York. He only goes in like once or maybe twice per week (he does have to go to some trials obviously). My daughter's good friend, who is an epidemiologist, she goes into the office at most once per week. That's at a private company, before that she worked for the City of New York Dept of Health, and even there she only had to go in twice per week. And really, on and on....
Things can change quickly in the job market, but up till right now, I think its a pretty hot market.
Dylan being Dylan https://www.youtube.com/shorts/MYhEPfRcph4
AXTI ($3.35) I picked some up... got hit big yesterday on a short report. Forgetting about that for a second, it looks to me like they started turning things around. My memory is gone, but some analyst came to their defense big this morning criticizing the short report. And B Riley raised them to a Buy and raised the PT to $5.
Interesting stuff, .... he was the manager of Clarence Gatemouth Brown, hopefully didn't rip him off too badly. Saw him at SOB's on Varick... years back, great venue, used to have loads of great acts. I'm sure you've been. Its still around... one of the few.
Just Like A Woman
Perhaps not as big a coinkydink as your first impression. Matthew and Luke, the second and third gospels chronologically, have many similarities. And from those similarities, biblical historians hypothesize that both Matthew and Luke draw much of their content from two earlier books.. the Gospel of Mark (the earliest of the 'four gospels'), as well as another even earlier gospel historians have called the 'Gospel of Q' (which they believe was solely comprised of the sayings of the historical Jesus) and which no modern person has ever seen. Nevertheless this Q source book has actually been 'derived' from the Matthew and Luke, and you can buy a copy at your local bookstore.
What 'by God' does this have to do with the coincidence of the 'Left Bankes' Pretty Ballerina duel posts? Well I believe I have, through rigorous and voluminous research and detective work...I have found 'Q', the source for both of our posts. Q is a youtube channel that I like a lot, find really interesting... The Wings of Pegasus youtube channel posted this just one day back
But before post it... when I first heard this song, I found similarities to it and some Velvet Underground/Lou Reed songs. I mean not all the flourishes, but I could definitely 'hear' Lou Reed singing it with that same melody but in his own voice and arrangement. Both from NYC, both around the same time, but I don't think anyone finds the two bands similar. Except I kind of do. Am I crazy? best:
nice. .. Neil Young and Crazy Horse - Come on Baby Lets Go Downtown