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UVE Should have followed your lead and sold R59. Now trading in the 8s.
CPPMF Wow. Great news and complete surprise. Best part is that it reduces risk of dilutive secondary. Their Princeton mine expansion very capital intensive so that cash will serve that project well.
CPPMF rebounding over 30% in a few trading days.
BGFV Bought at 10.90. Like the dividend yield and think it will hold.
UVE Bought at 9.49. The night is darkest just before dawn.
CPPMF printing .96. Seems like a good buy here with strong balance sheet and on track to ramp production. I'm thinking copper price will be relatively stable even in recession but hard to predict. Share price highly correlated with copper price which makes sense, but they can increase production and earnings even with modest copper price.
I did it on E-Trade. It may not be short term commercial paper. They organize bond investments by remaining term, and I need the money in January when it matures. I bought it under par consistent with rising interest rates since it was issued. As rates have continued to rise since I bought it I'm seeing principal impairment on it, so if I sold it now, it would be a loss. If I hold to maturity and B of A doesn't default, I'll earn 3.6%. I didn't expect rates to rise after the Fed announcement because I didn't expect Powell to sound more hawkish than Putin.
I parked some cash in A rated B of A commercial paper maturing early January with a 3.62% YTM.
BGFV looking attractive below $11 with dividend topping 9%. Revs and earnings way down from pandemic highs but still modestly higher than 2019. Analyst earnings forecast for 2022 of 1.70 easily covers 1.00 dividend. Seems like a high yielding value play in this volatile market.
CCEL ended up down on the day. Strange action today.
CCEL way up on high volume. No news I can see. Maybe some investors buying based on Maxim report? CEOs recently exercised all their options even with long dated expirations. Sure they're motivated to get the special dividend, but still a bullish sign to exercise options early.
CCEL declares .90 special dividend
Seems weird that yields are up on such a big rally day-- runs against the "cash on the sidelines" theory.
CPPMF on sale at 1.33 is another that is uber sensitive to copper prices. I reinitiated a position here. If they can execute on their expansion plans (big if) I think this one is a multi bagger even with modest copper prices.
NRZ Lot of moving parts for sure. While the book value may be somewhat insulated from rate hikes, acquiring long term paper with short term debt is fundamental to the profitability of their business model. As they roll their short term debt to higher interest rates, profits will get squeezed.
Wouldn't the outage cause NG prices to rise instead of fall?
I lost big money for me so of course I'm upset. That aside, it seems like criminal fraud to disclose the product is close to being certified when apparently it was nowhere close. James Taylor should be indicted for a crime.
CPSS Look at 5 day chart compared to market over that period. Feels like almost feverish accumulation prior to some announced transaction.
CPPMF Now below $2. Very tempting but haven't gotten back in yet with the overall market being such a dumpster fire ??.
Nelson--Have you shopped for an airline ticket recently? Seems like prices have doubled.
Big day for ELMS yesterday leading the charge in the EV sector rally. Still own a lot of shares so hoping management either announces a buyout or it becomes a meme trader and I can sell into a spike.
Maybe the next meme stock?!??
ELMS Knowledge--Looks like a complete wild card at this point. Pushed back initial production so need more equity which I'm afraid will be structured to burn existing shareholders. I think anyone investing now is taking both high execution risk and dilution risk. They could execute and create value but their disclosure is now all about risks and downside with no optimism for the future. Feels like a real longshot at this point. I think it's also a bad sign that they first signed the CEO to a consulting agreement and then cancelled it. Makes me wonder whether he just lied to the Board about the status of the NHTSA certification because now they're saying they still need to make modifications so the truck is "safe". In the fall the CEO predicted certification last December. Seems to me the CEO was making fraudulent claims about when the truck would go into production. Now I feel naive for buying his story. Haven't lost this much money on a stock since 2008.
Very thoughtful analysis on oil prices Skillz. I think there's conflation between the impact on the economy vs the midterm elections.
ELMS up big after hours. Is there a reason or just a stray trade?
Looks like a total of 7.8 million shares surrendered from Luo and Taylor. If they have to do a secondary at this price, they would very likely issue multiples of that.
Looks like their auditor, BDO, resigned related to an undisclosed conflict with another Luo entity.
CPPMF--I sold on last earnings report at $3.07 and wasn't smart enough to buy back it the $2.50s like you did.
Agreed. Very impressive Skillz.
Seems like the primary impact of the Ukraine invasion on US consumers/voters will be even higher gas prices/inflation and reinforce the perception that the Biden administration is weak and bumbling. The odds of a Republican midterm takeover must be significantly higher now. On balance, that's probably a positive for the market except for stocks hoping for Federal legislation (eg EV's and BBB).
MRNA Don't understand why sales would be higher in the second half of 22 if virus goes endemic in first half.
S&P 500 still up 12.5% in the last 12 months. Really doesn't feel like it.
CPPMF I sold mine at 3.07. I agree that longer term growth guidance has little credibility if their near term guidance is down.
CPPMF I was reading a table wrong. Then the stock will probably take a whipping today.
I'm guessing the new CEO is getting briefed on operating issues and challenges including NHTSA approval, supply chain, shipping rates, customer orders, expected margins, sufficiency of cash to positive cash flow etc. and will issue a PR to get update out including any bad news so she isn't tarred with what she inherited. Perhaps there are more skeletons Taylor kept from the Board. No way to know without an update.
CPPMF in with a mixed report. Q4 weaker due to weather and lower grade ore but guiding for approximately 50% increase in copper production this year.
Every shareholder and the company's board and management know a positive PR is critical to restoring confidence in the company's ability to execute its business plan. And yet there's no PR which makes me worry there's more bad news to come. Maybe arranging dilutive financing to bolster their cash position? Who knows. The longer there's silence the more I worry they're no longer bullish about their operating outlook.
Since it's so obvious the market needs an update from new management especially around certification and there's radio silence, it creates the concern that their next PR will be more bad news. Market cap now approaching 2x cash.
I'm imagining the analysts James Taylor courted and won over are feeling very betrayed by him now as they have egg on their faces for recommending a dud. Instead of dispassionately seeking to determine a new price target, they may now be getting even by actively tanking the stock Taylor still holds.
Surprised there have been no class action PRs by law firms yet.