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Intersting indeed a person after my own heart/mind in investing.
I don't nor have I ever focused on the minutia in retail to many SG&O NC&NBDY&HVDTY&BVGH and %of the flim flam of 3X lgX34YU=4X the CGO by the left quadrant of page four subsection G whatever
I invest in retail after the entire sector gets blown up which is usually every 8-10 years.
Then when the entire sector is priced for BK with many going BK left and right I scour the filings not as many retail/filing heads do, but enough to get the gist whether its a goner, can it be played in the first 9-12 months in between ER's or if it something I can look further into to go whole hog. Or is it a PIR now or JCP on death watch.
Those I won't play for obvious reasons I don't want to get stuck, when BK is not an issue your never stuck you cannot lose at the bottom. May not make bank flipping one in between ERs but you will get out and usually for a decent profit even if not a killer profit.
Then I take that one that I really believe in and do on the ground research, fly to a few cities, visit the HQ catch people in the parking lot, visit 40-50 stores, call every store over a period and try and catch a time I can speak to someone. I then scour the give. research reports on retail find out what the market is doing as whole and what the govt sees as a recovery window.
Then I scour the net to see sentiment, real sentiment from people and not just the odd the place sucks never work there, or they didn't kiss my ass or kissed it to much were to clingy and it sucked, or my pants tore when I tried to put my big butt in them.
I try to get an overall consensus then dig deeper and pay attention daily to what it going on read through dozens of search topics that come up, blogs, articles, tweets, Facebook Instagram etc.
If all that says its a go I am in. People are talking about it I am in, they are closing dead stores or stores in over saturated areas I am in.
The minutia all they only did was 3% of this, or 1.4% of that, or yeah sales are up but still not what they were?? And? So it should be priced like a lemonade stand and forgotten? Thats for those later that want to live with it I have a 1-2 year window depending and when buying for pennies on the dollar the tiny stuff is meaningless to me at that point. Show me IF it will make it and how weell, at pennies the accountant minutia is meaningless.
Did they do better, okay, will the do better next Q probably so what am I worried about at pennies? I am not or like FRAN a dollar something pre RS price which is what it is, they pushed the damn thing back under a buck till Chimera smacked them in the face. Einsteins the lot of them, headline pushers nothing more nothing less.
Thats where I think so many number crunchers and filings lovers overlook obvious stone cold diamonds and not little ones the Hope diamonds. They focus on the silliest thing when what they should look at is okay is this a steal, is there easy money to be made, may not end up being Nordstroms but it won't be broke either which is what its priced at.
Trips me out when people say, its a shitty store with 700 locations, well, I want to ask them what do you own? You have A store, can you build A business or fleet of them, then your opinion matters not, at least to me.
They cannot get past the numbers short term, the they have to do this and this and this and yeah it was okay bit can it keep up and but what about this gives me a headache.
When its priced for BK and that is obviously not gonna happen and the future looks good and there is a big increase that will come with the SP I am your daddy, come to papa. Will the stock get back to its all time highe 60-80-100 whatever it may be RS adjusted, I don't know, but I know it will get to 60& of that as long as things go as they have been.
Forget yesterday, forget the moment look at what is gonna happen, not what did happen, that is what speculation and making money in this game is all about.
IMHO
Biden screwed, Trump transcript shows the truth on him.
IMHO that is what this all comes down to, in the next 4 year term 2020-24 will be 2 supreme court picks and a swath of fed judgeship's and Trump has shown he is a judge seating machine.
That is why the left of the party is going bat shit crazy, the are thinkers look down the road types as am I. JMHO but I am going with it.
You will look great in your bikini next week
I had mentioned many times as well know with my droning on, not just this but other tutes/funds deep in the red added will add with every short try to take down.
The float is not as large as people think and just because it is easy to borrow, doesn't mean you should shirt it, and that's all I got to say on the matter.
Congrats all 30 by Xmas as I have said before IMHO and only MHO.
Algo, smalgo
IMHO Because its real, not a pump.
Wonder how the "expert" on this deal feels as she sits in the recliner eating skittles? Amateur hour.
Like an arm chair QB.
Peace out.
TY, I followed ya, heard about board before I am a subscriber now LOL.
Peace out.
Yeah, picking off stuff here and there and a TSLA short for 2K shares @228 just got out of @222 and change was stuck in that for a couple weeks. Have got caught in that 3 times this year, but, man I cannot stay away from it its a roller coaster full of cash usually LOL. Still got 3K tied up in high teens but think is gonna be good and green tomorrow, glad of it.
Picking off some of our others, market doing the shake and rattle today.
Here here!!
NP swampdue, I learned from a lot of astute guys back in the day on Raging Bull when it was the "in" place for real stocks, I thank them every day god rest their souls they are all gone now they were retired W.Street guys then, Silicon Investor was the place for the DotCom/Green Energy sucker fomo plays.
Just passing it on, paying it forward.
OT alright off topic but had to show you guys petes dog he is twitter famous now.
https://twitter.com/AndrewD88355412/status/1176512615192977408
Wasn't an analysis was rehashed stuff from the past, who cares anyway, I only called her/him a petulant child.
She/he can now sit back in their recliner and eat skittles.
Peace out.
Agreed, RyGuy knows me, and when I really am in a love fest and I go LONG with a stock, I rarely if ever am not on target.
Algo's today are a trip, no fundamentals just some computer program that should be illegal in banking.money.investment you know.
That's why I tell people ones your sure 100% about use no stop loss and put sales GTC high, may stop some shorting but definitely keeps them from getting snatched on an algo/MM fishing dip.
Peace out
An immense amount of people in the market nowadays handling their own investments who shouldn't and an inordinate amount of short sellers.
One only need read the last 10Q and they would clearly see this is insanely positive turn of events, but it is what it is.
I am long term so the day to machinations are meaningless to me.
A little tidbit in that PR that most probably take advantage of or can understand the impact and what the credit revolve increase means when coupled together with this statement.
" In addition, the Company has been able to take advantage of recent market conditions and incrementally add to its hedge portfolio"
Peace out.
Without a doubt this will be ine we tell stories about years from now, mark that.
Peace out
You know that is one thing that will be interesting to see is Maurice's numbers, now that it has management that can focus on it and it's streamlined to a more profitable model.
Many times having to many divisions/subsidiaries can tend to take away effort/focus from one to give to another.
Maurice's was the obvious positive in the budget fashion division, it just got lost in the large corporate structure.
But numbers last Q for instance were good.
Net sales $238 million
Comparable sales + 1.0%
Gross Margin 56.9%
Operating Income $32 million
Income taxes $7 million
Net income $25 million
Now without debt, larger corporate structure to payroll etc. If they build on those numbers could be a decent $50 million plus coming out way per year.
Peace out.
You know sometimes we get wrapped up in ourselves or profits but good to see stories like this, people helping people.
https://sourcingjournal.com/denim/denim-retail/maurices-denim-drive-donate-jeans-local-charities-170440/
They aren't under our umbrella anymore but we do still own 49% it's good to see the new majority owners doing something good, goodwill goes a long way, not just in the community/marketplace but makes us realize there are so many other things or people just as important as ourselves.
Peace out
$ASNA sill on the fortune 500 list out today.
https://fortune.com/fortune500/2019/ascena-retail-group
That Seeking Alpha guy has his greatest hits up, poor me, but, I was right once sometimes etc. Living in the past, gets on about gifts low sales, and pointing out some of the more unusual fare that his hero Steve Lawrence and his dreadful crew of buyers brought in.
All I can say is no _hit Sherlock when you have to sell it for a dollar or 5 when the asking price was 9 or 40 yeah, the sales will be down.
He just is one of those, look at me, I was write about something i was I was look at this.
I fel sorry for him and I will leave it at that, it's probably bowling night where he is at and his game is off just a little, better luck next week so he can get a warm and fuzzy feeling.
Never seen someone focus so much attention on themselves and a single stock, seriously I think he really honestly has issues and I wish him well, its sad.
Peace out and good luck I the future Jenks Jumps
If I was a _rick I would be cruel and point out the obvious flaws in the insanely speculative lottery ticket stocks he gives great raves,but, i don't. Its not my way, hopefully after this next Q he can get over it and move on with his life.
It was easier at first, probably why I play them as I do, don't get me wrong you know I have my "chart is primed catalyst on deck catch a dip thank me later"
But the long plays with the reading and diggin and figuring that's where I really learned, that's ll you could do back them see the highs the lows see them in the toilet then investigate to see if they would die there or come out swinging.
Most of the time back i the day except for the blue chips, your only catalyst was the conference call, it would have driven todays investors crazy, they want that news that pump.
For me it was 4 times a year the rest was saving to buy dips.
I remember back in the day 1999 it was Etrade or nothing for AH trades, that's when I opened my Etrade everyone had 2 accounts then one day one AH/PM, I started with TD Waterhouse for online trading never used Ameritrade which was the biggest until the merge and had a Merrill account since I was 18 that is where I kept my long term Blues.
LOL, I was searching other stuff and it popped. I have my fingers crossed delay was sale, the late hour issuing PR for ER and not today maybe something good happened with plus fashion and it took a bit to close get signed etc.
We shall see, nothing real till we hear it from the horses mouth everything else is conjecture.
Oops my bad is next week Oct 3 at 4PM.
Sorry guys.
I was tossing back and forth too, I was looking at I would choose Justice, but recent Q's Justice has gotten stronger and dead stores have been closed in over saturated areas where leases were up and dead areas.
The problem and I could't come up with a solution, was Catherines it is doing bad and just keeps faltering. I think it could do well, maybe folding into Lane Bryant or with just better focus, sometimes these retail outfits get too big, 3 bil and 3 lines is plenty to focus on IMHO.
There are so many things that can be done to increase sales and cu costs in an outfit that big its unreal.
But, to do what would be needed with Lane Bryant, it would take away and it would still be to big.
And I think Lane Bryant is the icing on the Catherine's cake that and Cacique.
You want money and a lot of it( over half a billion) then this is what it will take.
Then they can probably focus more and put more energy into finishing getting Justice straight.
At least that's the conclusion I came too, but, yeah anyone will tell you I was lose Justice first, til, I looked deep. Then there was only one choice as well as the higher $$ value they would get, that changes everything it is like night and day literally that amount of cash and stemming the losses Catherine's generates in one fell swoop.
Winner winner.
I was tossing back and forth too, I was looking at I would choose Justice, but recent Q's Justice has gotten stronger and dead stores have been closed in over saturated areas where leases were up and dead areas.
The problem and I could't come up with a solution, was Catherines it is doing bad and just keeps faltering. I think it could do well, maybe folding into Lane Bryant or with just better focus, sometimes these retail outfits get too big, 3 bil and 3 lines is plenty to focus on IMHO.
There are so many things that can be done to increase sales and cut costs in an outfit that big its unreal.
But, to do what would be needed with Lane Bryant, it would take away and it would still be to big.
And I think Lane Bryant is the icing on the Catherine's cake that and Cacique.
You want money and a lot of it( over half a billion) then this is what it will take.
Then they can probably focus more and put more energy into finishing getting Justice straight.
At least that's the conclusion I came too, but, yeah anyone will tell you I was lose Justice first, til, I looked deep. Then there was only one choice as well as the higher $$ value they would get, that changes everything it is like night and day literally that amount of cash and stemming the losses Catherine's generates in one fell swoop.
Winner winner.
If they are in the middle of negotiations to sell Lane Brant and Catherine's I would disagree on the "professional" aspect, in my near 30 years in this game, no company does or says anything until a deal is met or the two walk away.
Investors are not worried about a few days or a week IMO, that's why everyone gets no comment, traders do as they have ants in their pants and are only looking to make their move and walk on the next win or loss.
The deal means far more to me than earnings at this point.
That said the NJ media has picked up on it (Plus size fashion), and also got a no comment today.
https://www.roi-nj.com/2019/09/23/industry/report-ascena-retail-group-considering-sale-of-two-more-units/
Peace out.
$MR Top Ranked Value Stocks to Buy for September 23rd
https://www.zacks.com/commentary/531575/top-ranked-value-stocks-to-buy-for-september-23rd
Rather interesting bid of 617,800 @.29 EDGX Someone jumped the line @.295
Peace out.
Anyone that didn't view the slid show with the last Q report, should.
You can see what I and others are talking about in terms of MR beating consecutively, without fail, even beat capex consensus was 125 mil they only spent 115 mil, these boys are on time.
IMHO best buy in energy sector for value, return outlook etc.
Peace out.
$MR Montage Resources just completes $100 million/25% Increase to its borrowing base. Dow Jones Newswires September 23, 2019 4:08 EST
YW yeah I can only think that is the deal, that is what the guy does, Bauman the lawyer for that guy that does all the R-mergers the Italian sounding guy they were set to get it, and this guy got it before they did.
Then a few things were filed in January I want to say 9 pages then nothing till the RS filed. I mean the float wasn't that big, and it didn't do much volume, so maybe it is getting ready for something.
We will just have to wait and see.
Your playing the game the way you like, I do the same, took me 2 weeks to buy 1 million shares of the retail one. I like grabbing here and there, especially when shots and MMs playing with the algo's makes me money ha ha.
Excellent, stock, excellent price, look at previous 8Q's always rising and beating.
The oil price, lets chat in 2 weeks and see how we see things on oil price.
I see it a bit different, but, opinions differ.
I personally the whole oil glut thing especially 2020, not null and void.
There may be 200 mil barrels stashed here and there by KSA but when they are producing 4-5 mil barrels a day below normal output after 5 days -6 mil per day, doesn't take long. 30 days 150 mil barrels, that is because I think the KSA is not being not even slightly truthful.
But, lets give it two weeks to see n that score.
A week ago they said a week to full right? Did you see the pics that were taken yesterday of the damage, to 5 of the silo type processors, not even started nor can they, so what was with the 1 week a week ago?
IMHO those need to be fabricated in US or EU then trucked to port, then shipped, then trucked to facility then assembled then days of testing, we are looking at 2020 Jan before ready, if then.
3 1/2 months say even the 3 mil they are down now, which I don't believe I still think is 5-6 but lets say 3. We already know 5 days for sure down near 6 that's 30 mil from their stash, then 3 1/2 months 105 days 3 mil they say 315 mil barrels.
Then for months after that have to build that up again, also lets see how much we pulled as we are now evidently supplying China again and looks like will be Japan.
No way is it falling in October, November or any time after it starts rising, because the truth and reality will leak out once the orders are in and someone other than KSA is giving info, IMHO.
That and .95 will get you a cup of coffee on the McD's senior menu LOL
Peace out.
Lost the swingers looking for the ER this morning, didn't hurt to bad, she bounced back. Much stronger stock than the one that touched .20 for sure.
Peace out.
Nice, I am astounded that they see the light, thought the light bulb would never go on there for any retail.
Some things are just to much of a no brainer.
ER release date PR first or sale deal first?
That is truthfully the only reason I can think of for delaying ER release, being in negotiations.
We shall see.
Peace out.
The stock repurchase is in the Q filing has been in effect and was PRed in 2015" but don't hold me to that.
Doing it Maurice's cash yes, could have been good, maybe they did? I doubt it though, can slip something like that in once you get 700-800 million for sale of assets, but, with Dress Barn closures I don't think that would be looked upon to kindly or as prudent.
Where as doing it after when the amount is minuscule to the whole cash pile, that will be seen as smart, and prudent by all, we shall see.
Yes 100% agree with the focus on high end, was a tad bit up with getting rid of Justice or the plus line, but I think they could not just sell Catherine's and I see that as a buyer combining them, Justice now more focus can be put on it and in last CC he said Sales have picked back up and have been growing stronger.
Good season with Justice, last t weeks of Q4 ans Q1 2020 with school shopping and holiday shopping will be strong for the Q where plus size is stronger in the spring.
They have they just haven't thus far in last year or so. But, this would be a different story if/when Lane Brant comes through, pinch off 1% of that deal and do a lot of good and show some good will especially to the big kids that been holding throughout.
We shall see.
Some reverse merger guy, I only know my 11K shares went to 91 shares paid $38 for the privilege. Something is up, what I don't know, when I really don't know. It slides down I will try and quadruple my size to bring CB down and wait, this was done for something but for what and when haven't a clue.
This is one of the last in the penny jungle I have have two others and when they are done, so is my time here LOL. They used to be great if held long enough, that seems to be dying out. But when your up 7200% average across the board you have no business complaining, but, not gonna buy any more scratch off tickets.
Peace out.
Real crunch from Saudi Arabia's oil outage has yet to be felt........ just sit back and smile.
https://japantoday.com/category/business/update-3-real-crunch-from-saudi-arabia%27s-oil-outage-has-yet-to-be-felt
https://www.spglobal.com/platts/en/market-insights/podcasts/crude/092319-oil-market-wrong-abqaiq
$MR Montage Resources to attend Scotia Howard Weil Appalachian Conference on October 2nd.
He didn't mean the entire thing, he meant they are allowed to purchase up to that amount in dollar value without informing the public if they so choose or $5 million.
You said the most important thing at the current market cap/share price, it is indeed a bargain when one has a load of cash and can take a small pinch that won't make a difference.
But ti sure would put the company in good with shareholders, maybe they do something like that if they get the 500-600 mil for Lane Brant and Catherine's what is 3-5 million when you have 700 million to take care of debts, etc.
Nothing really.