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So you want to know what happened in 2018? Why 60.00? Why not 90? Or 50?
What was the reason for the drop from $60~ to current levels and what will it take to return to those levels?
Question for those in the know: What was the reason for the drop from $60~ to current levels and what will it take to return to those levels?
MAC should see biz conditions improve
over time...
So we watch...LJ
Looks like it was a great buy....doesn’t it? You haven’t seen anything yet......
MAC, where is the journalism integrity in the
Bloomberg link which seems like
a possible slam piece to aid
someone loading big and cheaper...
IMO, of course, and actually
contacting both parties named
and still running it is what
raises my eye brows...
But us Peons don't know
how big wheels roll...
So we watch...LJ
15 mins to get you 0.15 cent Dividend per share!
MAC morning star price target of 32.50
Unfortunately the the Short Interest fell to 24.5%. This is still a very solid stock and should be trading at 50
Listened in to part of it.
Conference call just concluded. Where is everyone?
What if the $7+ trillion FED stimulus doesn't
flow into shopping?...
Rhetorical question, of course...
Folks shorting 56% of the
MAC float are fighting FED...
https://shortsqueeze.com/?symbol=mac&submit=Short+Quote%E2%84%A2
Hide and watch how that
turns out...
So we watch...LJ
Get off my lawn. I know some people here dont want to see any reddit posts about MAC. Most of you are probably salty old boomers. I understand why nobody would believe in GME. I didn't. Thought it was too risky and ended up a spectator just like most of you. And it was risky no doubt. But in the market and life in general you will find that all opportunity requires some degree of risk.
So this dude on reddit u/JorgenBronlund had a good reddit post this morning on current MAC short interest and provided some links for review. And this mac army bets page is slowly picking up steam. So you can ignore and slander the young bucks from your ridiculous high horse if you want. But to me if they are buying and pushing MAC they are on the team. So I would suggest instead that you embrace it and drop stacks on MAC while the price is right. MAC long term is definitely not as risky as GME/AMC and should generally be viewed as boomer friendly with a chance for squeeze. Maybe not up to the levels of GME but at least double last weeks jump is probably a fair target.
I would probably be considered a boomer. I think emojis are for women/children. I still own and wear jean shorts. A stripper once told me I reminded her of her best friend's father. I bought shares of AMC at 3.00 and then wrote covered calls for 6.00 and capped my upside. But I aint salty. Just focused on maybe getting into the next one. I am long for a bunch of MAC shares bought last week from 11.50-14.00 and fed my degenerate side with some cheap OTM options.
https://app.koyfin.com/share/0291cdfcd1
https://www.reddit.com/r/MACArmyBets/comments/le2xcq/mac_short_interest_history/
https://www.reddit.com/r/wallstreetbets/comments/l8w9z8/yes_keep_buying_gme_but_i_think_mac_could_blow_up/
Free cash flow appears that it may have
went up pretty big, Only
Estimating, for 4th quarter...
Company may have left that
out on purpose in 8k filing...
https://www.otcmarkets.com/filing/html?id=14656877&guid=798KUH2Ipt3gJZh
My estimate for free cash
flow is so big from looking
at numbers given that I
don't even dare to post it...
Accounting for one massive and
one large property write down
and Depreciation don't decrease
operating cash flow...aka, free
cash flow...
Folks covering shorts had to
love the 8k presentation...
Cheapies, cheapies, cheapies...
All, IMO, of course...LJ
Buying more on this little deep!! Before 11:00AM
Hard to believe Reporters for shorts
weren't told to get it done
faster in current climate...
Golly,,, click, click and they
already know results and wait
to put them out...
In a few months when stores
are booming again, the outlook
will change on this...
Shorts will cover then and
drive price higher...
That is a reason to wait...
So we watch...LJ
If there’s still a 60-70m $MAC short on divy payable date in about 10 trading sessions the shorts are on the hook for a cool $9-$10.5m in dividend payments LOL. Get the $GME and $AMC $ here to smack that AND collect a dividend. Win Win! The updated Short Interest is published the next few days.
“Now, short sellers don't venture into our merry land of dividends very often. To play here, and bet against our payers, they are instantly on the hook for dividend payments. (Remember, they are borrowing shares--so they must pony up for, not receive, the payouts.)”
Haha gluttons for punishment. I am in not going anywhere now I am hard to shake.
MAC 12.42, only 78 million shares shorted...
or about 56% of float...
on a $12.xx company...
with ton of cash in bank...
https://shortsqueeze.com/?symbol=mac&submit=Short+Quote%E2%84%A2
Brave shorts...
in a hyper inflated money
supply period in economy...
so we watch...LJ
gulp, added more on MAC also...
so we watch...LJ
LJ - Thanks for the heads up. Read up a little more today and think I understand it better. Grabbed some more on the drop too. Now we watch.
Im buying $50k And HOLD she will be going back to $26 really soon
Is $12.60 a good entry point?
What do we make of the 8K filing on the price?
$62+ this Summer??
The filing didn't change o/s count today...
estimate would be about...
2,274,000K / 149,000K
for book value...
estimate only...
VALUE is in the appreciation
after years of depreciation
to determine current book value...
Real property value and depreciated
value are way different numbers...
so we watch...LJ
Great post. MAC will have the largest SI in volume left. Goldman and crew buying loads for their clients knowing the size of the short. They up their targets and bam. Even better it should be a $40+ company anyways.
Still appears to be selling below book
value after today's disclosures...
Registration for potential future
share sales shouldn't come in
any hurry with a wad of cash
on hand...
Further out the opening of
a new space for Google may
get some notice...
Hurry up and wait...
so we watch...LJ
Dropping a stack on MAC. Actually a few stacks. I try to stay disciplined and buy/hold solid large caps long term. Growth income and value I like em all. Currently starting to write calls and puts on my holdings trying for small weekly gains with little risk. But I am still an intermittent degenerate and with the recent events it is hard to stay out of the casino section of the market. I feel like I am getting a little bit of everything with MAC so I am in today at 13.81.
Reading these boards for years but this is my first post. If my math or research is wrong I know one of you will correct it so chime in if you know better. Keep in mind I am using the same research sites as most of you. If you have different opinions lets hear those too.
SP jumped up last week but then got slammed back down due to that school board stock sale, now today new shares are coming out so dump continues. School board has retirement funds on the line in what used to be a stable income stock. So, of course they are gonna get out at a good price after months underwater. That was the right move for them. But for a few stacks of my non-retirement money I can jump in while they move out.
I might be overestimating a little bit but I see it as 150 mill outstanding shares plus roughly 35 mill new shares with the new shares today, so about 185 mill outstanding on the high end. Last available data shows 78 mill shorted. I am wondering if they used last 3 days to get out or are they doubling down. Betting they probably shorted the most recent pop again. Either way just a little under 50% short even with the 500 mill USD in new shares announced today.
Drop a stack on Mac right now and you get 70ish shares. 1 or 2 million buyers drop a stack in a hurry and thats a large percentage of the outstanding shares. Drop multiple stacks without selling and the supply decreases rapidly. Look at the price action last week. 105 million shares traded hands 22nd to 27th and SP doubled (13-26 at low/high) before the school board sale and more shorts dumped it again on the 28th. There is some press around the stock and a few others are out there promoting the MAC squeeze theory. Recent events show it is possible with some momentum. To me you have a better chance at a squeeze near term while shorts are still in the game and everybody is out there looking for the next one.
If there is no squeeze it will be hard to generate excitement on this one but just chill and hold. For value or income minded investors the 4% dividend at todays price is not bad to collect if you have to sit on it. In my view at worst this would come back the same time as the airlines and cruise ships one of the last sectors to recover. I don’t see it reaching any of its old highs without a squeeze but could still be a double 12-24 months down the line. Biggest risk long term is Corona keeps everything shut down for the next 4 years and you will probably lose that stack. But if not then it should be pretty safe.
So you get some squeeze potential, some post corona recovery potential, and 4% during the wait. You can afford to invest a stack or two for a couple of years if the squeeze doesn’t happen. Especially if you have been banking since the Covid slump last March. If not then you should not even be on this board with your lonely stack. But since you made it this far go ahead and drop it anyway.
PS – For the degenerates the 30 dollar call options for Feb 19th and March 19th could be had for pennies today. Only gamble with what you can afford to lose.
Watch what JP Morgan, Goldman Sachs, Wells Fargo, and DB do for their clients when they assist with the offering. They know the short position and I’m sure their whale clients would love to get in on a GME mover that’s actually a legit company, well MAC is it. They get their clients in, all out Strong Buys on the tickers and $60 targets and they crush the short position the right way. Someone loaded millions of $14s. I averaged down a ton today. Watch how the next few weeks play out.
Shorts feel more comfy in MAC...
so we watch...LJ
Next GME in the making but fundamentally should be a $35 ticker even without squeeze.
1. Huge short interest update this week will show largest SI still out there.
2. $650+ million cash on hand
3. Assets worth $9.2b, market cap $2.3b
4. Earnings in 8 trading sessions
5. $0.60/yr dividend payer may be back to $3/yr this year
6. Takeover target
7. Class A malls, tenants include Tesla, Amazon and Google. Destination malls, not old brick and mortar Woolworths.
MAC had more profit taking to endure
over past week, than shorty
problems to worry about...
https://finance.yahoo.com/quote/MAC/key-statistics?p=MAC
so we watch...LJ
This has a low float too as compared to GME.. If we get volume, this thing takes off quickly.. $100, $200 could come fast.
And the shorts keep covering. With 90% institution holdings there is not much to trade. We could see 35 buy the earnings call