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Bag holder? I've made 400+% on RVNC over the past few years and yes, my current RVNC holding is worth less today than yesterday, however, the calls I sold against my holdings are largely worthless.
I could careless if or when you sell. It would be great though if you stopped posting non-sense to the message board (skyrocketing expenses, etc.). It's not helping anyone.
Skyrocketing expenses???? Expenses were in-line with Management's previous guidance, so nothing skyrocketing about them unless you didn't think Management was going to spend to guidance.
You're clearly a trader and your emotions reflect that. Why would you ever trade / invest in a company that you don't trust management? Just sell and move on.
How much should they be spending? A large chunk of the spend should be thought of as "investments"... Building relationships, training & education, etc., which will turn into revenues / returns over time.
Yikes!! Clearly, not a real estate expert if you didn't even consider public transportation... Did you also forget to consider crime, quality of schools, etc.?
You should recommend your daughter and SIL use an actual DC real estate expert when making their next transaction.
What is a "good" premium? You can get a higher return with Treasuries than selling the vast majority of MRK and CLX puts. Also, selling puts after earnings means lower implied volatility (i.e., lower premiums).
U.S. Treasuries with maturities between 1 month and 18 months are yielding anywhere between 5% and 5.5%. They can be bought with any online broker and can be sold just as easily as bought. Depending on the CD, they may not be able to be redeemed early or if redeemed early there's a penalty on the interest received (you may not need to redeem early, but always a good option to have). Last, U.S. treasuries are exempt from state and local income tax (CD's are not).
Nothing like gloating about missing something you didn't realize. If you were short EXPE, you would have every right to gloat.
Anyone can say, look I didn't buy EXPE before earnings and it declined 15+%, I'm a genius. You got lucky you bought back your puts yesterday --- EXPE could have easily pre-announced and you would be holding the bag.
There is nothing "Safe" about gambling options with no actual knowledge of the underlying business you're "playing". You should be in Treasuries.
The graphs are showing the impacts from the great recession and a decade plus of extremely low interest rates. Debt service costs are down because of low interest rates and rising incomes post great recession, not because consumers have taken on less debt. Household debt has increased $5.5 trillion over the timeframe shown. https://www.newyorkfed.org/microeconomics/hhdc
With the respect to the second graph, the trend is driven by the fewest household formations on record taking place in the decade post the great recession, while GDP recovered and grew from depressed levels during the great recession.
Given any partnership would be contingent on FDA approval, there is no reason to sign a partnership agreement prior to approval. Again, this isn't Foley's first rodeo. Either trust him to do his job, or sell and move on.
Thank you for agreeing with me --- being in Nashville makes RVNC more attractive to a potential buyer.
How many deals have you done? I assume none. Had RVNC not fumbled the ball a few times, had COVID not happened, had interest rates not moved up 500+ basis points, RVNC being acquired at an attractive buyout price prior to ramped-up sales might have been in the cards. However, that's not what happened and talking about hypotheticals is usually a waste of time.
Foley is a deal guy and is here to maximize shareholder value not flip the business tomorrow for short-term profits for traders like yourself. He'll sell RVNC when it makes sense. This isn't his first rodeo.
What does "Could have had it for 3-4 in Nashville" mean? Are you trying to say RVNC could have been sold for 3-4 billion pre-Daxy approval in the middle of the COVID pandemic with a delayed review of RVNC's manufacturing facility? If so, based on what? Also, how did you arrive at 3-4 and 5-7?
Let's be clear. Nobody on this board knows what RVNC is worth pre-approval and post-CD approval to a potential buyer, just like every single potential buyer has a different economic value for RVNC. There are a lot of factors that drive M&A and potential acquisition prices. Some buyers have natural synergies, some have a higher need for growth, buyers ability to effectively integrate / grow the business, what other acquisition opportunities exist, buyers Management / Board's willingness in doing a transaction (now vs. later), shareholders view of the deal, market dynamics / timing, competitor interest in the asset, long-term potential return vs. cost of capital, etc., etc.
Market dynamics / timing play a huge role in M&A, and the prices buyers are willing to pay. Look at the swing in deal volumes and valuations in just the last few years. If a legitimate and respectful offer is put forward, Foley will talk to the Board and start a formal sales process.
A potential buyer will pay whatever it thinks it needs to, to acquire an asset it desires. No different than winning over a significant other one desires.
Mentioned earlier were some non-Target factors that can drive what a potential buyer's willing to pay. Obviously, potential buyers are going to be willing to pay a lot more for a fully ramped, de-risked Target business, vs. having to ramp the business themselves. However, the expected returns for the asset will be that much lower (lower risk, lower return). Plus, there's added risk the asset won't be available if they wait until its fully ramped and de-risked.
Yeah, that's how M&A works. Somehow, you've forgotten the Daxy approval delays among other things.
Thinking a move to Nashville, one of the fast growing cities in America with very favorable tax rates compared to California, had or will have any negative impact on being acquired is comical.
The likelihood of a buyout is significantly higher with sales on both ends.
Everyone keeps forgetting Foley's background. Although he has decades of operating experience (and we all know about RVNC's operating stumbles over the past few years), he's a deal maker and a very good one at that. Shareholders should feel confident he's focused on maximizing shareholder value and will put RVNC in play when it makes sense.
Clearly you don't think valuation matters, and a $2.5 Trillion company trading at 30x EPS has great prospects to provide shareholder returns compared to the general market. Personally, I would be focused on undervalued companies that don't need to add $2.5 trillion in value to double.
Sorry everyone. Heard the bad news... Hopefully you all were / are able to generate capital gains in other places to offset your losses. Best of luck!!
"In light of the above, and the Company’s limited cash and cash equivalents, the Company anticipates that it will not be able to continue as a going concern and is exploring all restructuring options, which may include commencing a bankruptcy or other insolvency proceeding sometime in the third quarter of 2023."
None of this adds up. You bought one share of VZ at $37.01 and instead of selling that one share when it declined, you bought 4 more shares. Based on your searing hot pain to losses, why didn't you sell your 1 share vs. buying 4 more shares? Also, why did you keep 1 share? Second, what is the point of investing, if you have "searing hot pain" with any losses? This means you're not wired to be an investor and should just buy short-term Treasuries.
BTW, if you need someone to tell you the obvious "not to lose money investing", you have much bigger problems. But appreciate you using the most overused investment quote in history. Sadly, if you actually listen to Warren, he wants his investments to decline so he can buy more shares at cheaper prices... He not only doesn't care about unrealized losses but wants them.
There is no successful investor who could have accumulated significant wealth, outperformed the market, etc., had they not been able to deal with / accept unrealized losses.
The only ignorance and stupidity is ignoring the fact incorrect returns are being posted. Sadly, instead of being adults and respectful to those highlighting this error, you yield to name calling which is very Trump of you. It's sad Santafe, after all these years on the planet, you still haven't learned to be respectful. Grow up, man.
Like I've said before I'm restricted from investing in and talking about a lot of companies which span a wide area of industries. Given those restrictions, I do very little trading and tend to invest in companies with little risk of becoming restricted and are either cheap from a fundamental / intrinsic value standpoint or have significant growth catalysts, and have exceptional Management.
Okay, not at all concerned about what % of total holdings or what search and guessing you did regarding JPM earnings. Can you at least calculate your returns correctly? One should want an investment board that is factually correct. Right?
My attitude is great and has never been better, but thank you for your concern.
Dollar return matters when you're not calculating percentage return correctly. Percentage return on covered puts = cash return on the puts / (divided by) capital in play (strike price - premium received)
Making $250 on $100k of capital is a 0.25% return not 18% return.
No one beats the market consistently is utter non-sense. And if you're talking about traders, average to good traders trading reasonable sums of money beat the market essentially every single year. If they didn't, they would need to find new employment.
You've got to be joking or you've never worked in corporate America. No highly qualified business person is going to be looking at some glucose monitoring device before making decisions, or giving a presentation.
The average person has known this and has had access to the key drivers of being healthy their entire lives --- exercise, reasonable diet, doctors, medication, etc. What you're failing to realize is the average person isn't wired to be healthy, but to enjoy delicious unhealthy fatty/sugary foods, regularly enjoying alcoholic drinks, skipping workouts, lounging and binge watching television, etc. Nor does the average person have the economic means to be healthy especially when throwing in busy schedules. Also, the human body naturally decays overtime, and no glucose monitor / Apple watch is going to stop that. So, unless you're planning on rewiring the average human, or making healthy foods reasonably priced and taste like chocolate cake or ice cream, no technology is going to change the desire of the average person to enjoy life to the fullest by consuming large portions of very unhealthy food and drinks, and engaging in risky behaviors.
Your board name includes "Safe Portfolio" member forum, and now you're saying it's about "Trading"?
Trading is the furthest thing from safe. And there's zero reason to trade unless you can beat the market consistently. Otherwise, just own the market and go be productive elsewhere.
Like I mentioned numerous times before, my day job restricts me from owning and talking about a large number of public companies.
The S&P is up 14+% with dividends -- could have bought that and did nothing. Now do all of your other holdings and tax effect those daily option trades.
So, the number of Twitter followers no longer matters, but it did matter this weekend? Also, just to confirm. You're saying only RVNC Twitter followers with your same opinion matter?
Can you provide link(s) to your valuable insights? Thanks in advance.
Thousands of followers? Try again... Deep Value (ValueDig) has 517 followers Monaco_biotech has 1,104 followers.
And who are they? Do you know anything about them? Any idiot can follow biotech closely...
Precarious time? You've got to be joking. Sounds like you cannot handle the volatility and should sell and move on. Or you're trying to stoke fear into holders so you can buy shares lower.
Because some random dudes on Twitter say they would not be surprised if it trends to $25? Anything is possible in the short-term, but making predictions based on random tweets is beyond amateur hour.
Either you believe in the Company's prospects or you don't. If you don't, sell and move on. Otherwise, let the story play out.
You clearly haven't read my posts if you think I haven't been more than polite. Both You and Santafe started the grumpy old men impoliteness from day one. What's sad is you all cannot admit when you post incorrect or in a lot of cases completely absurd posts. Instead you act like you're "educating" others, yet you don't care whether your posts are factually correct. SMH. BTW, your option posts make little to no sense a lot of the time.