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#1 Is GameStop the next Berkshire Hathaway? 3 ways the GME could spend $4 billion

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@misc      By Sin      5 hours ago

The videogame retailer appears to be angling to become an investment-holding company, some analysts say. But there are other ways it could put its money to work.





Following its latest stock sale, GameStop Corp. now has a war chest of about $4 billion — and a retail business that most professional analysts describe as a melting ice cube.

This dichotomy between the company’s burgeoning cash hoard and shrinking business is fueling a new guessing game on Wall Street: What is GameStop planning to do with the money? The speculation has only intensified after the company cancelled its annual shareholder meeting on Thursday, citing technical issues with its livestream.

It’s easy to see why Wall Street is far more downbeat on the outlook for GameStop GME, +14.38% than the legion of meme-stock investors who have put their faith in Chairman and CEO Ryan Cohen and meme-stock pioneer Keith Gill.

According to the GameStop’s latest quarterly earnings released earlier this month, the company’s sales have continued to shrink. While its losses per share improved somewhat, this was mostly due to cost cutting. Taken together, the company’s numbers tell a pretty clear-cut story: Brick-and-mortar retailers are struggling in the e-commerce era, and GameStop is no exception.

Still, some shareholders are clinging to hope. As Gill said last week during his first livestream in more than three years, the bull case for GameStop is built on expectations for a “transformation” of its business.

For its part, GameStop has used securities filings to tout what it describes as successful efforts to transform the company — including exiting its business in Europe, shrinking its overhead and allowing customers to pick up orders placed online at its stores.

But analysts say that changing the trajectory of the GameStop’s business will require something more profound. What might that be? MarketWatch asked several analysts who follow the company to weigh in.

Reinvent itself as a Berkshire Hathaway clone
Ryan Cohen has spoken of his admiration for Warren Buffett in the past. Now it appears he may be seeking to follow in the legendary investor’s footsteps, as well.

Emulating Buffett’s Berkshire Hathaway Inc. BRK.A, -0.66% BRK.B, -0.70% by turning GameStop into a holding company for other investments appears to be the company’s most likely plan of action, according to analysts.

GameStop offered another clue to support this notion in a corporate filing in which it announced the completion of a sale of 75 million shares, which raised more than $2 billion for the company. In the filing, the company said it intends to use the money for “general corporate purposes, which may include acquisitions and investments.”

GameStop didn’t respond to a request for comment from MarketWatch on Thursday.

GameStop’s board has taken steps to empower Cohen to invest the company’s money in public, or even private, securities. Although, in March, the board amended its investment policy to require Cohen to seek the approval of two independent board members, who would join the company’s CEO and chairman on an investment committee.

Despite this, given Cohen’s influence at GameStop and his status as its largest shareholder, he could still likely invest in “literally anything he wants,” said Jeff Macke, an investor focused on consumer-facing companies.

Transforming GameStop into a Berkshire-style holding company might sound appealing on the surface, and could be enough to placate the meme-stock crowd in the short term, said Michael Pachter, an analyst at Wedbush who covers GameStop.

But upon closer inspection, such a strategy would run into one major practical roadblock: the company’s elevated valuation, Pachter said.

If Cohen starts investing the company’s money in publicly traded securities, new investors would likely be turned off by the yawning gap between its market capitalization and the combined value of its a*sets, investments and business.

Cohen may be able to find a better deal in the private markets, or by buying another business outright. But this would pose problems of its own, since it’s difficult to imagine a business that is similar enough to GameStop’s to make it suitable for a bolt-on acquisition.

“You don’t find a house worth $3 million for $1 million,” Pachter said. He recently valued GameStop’s business at $1.50 per share in a report where he cut his price target to $11.

There are other risks, as well. Whether public or private, investing in an unrelated business could cause investors to draw unwanted parallels with AMC Entertainment Holdings Inc.’s AMC, +5.91% decision to buy a stake in a Nevada gold mine, which Pachter derided as “embarrassingly stupid” at the time. He told MarketWatch that he stands by that a*sessment today.

To be sure, there are some parallels between GameStop and Berkshire Hathaway, analysts noted. Like GameStop, Berkshire was a struggling textile maker with a business that was shrinking due to insurmountable competition.

While Berkshire’s textile business was struggling to compete with producers in the American South, GameStop is struggling to compete in an increasingly digitalized economy dominated by e-commerce giants like Amazon.com Inc. AMZN, -1.64%

But that is about where the similarities end.

It is also worth noting that even Buffett has said that his initial investment in Berkshire wouldn’t pass muster with his longtime partner Charlie Munger — whose business philosophy called for buying wonderful businesses at a fair price, not fair businesses at a wonderful price. Munger died late last year at the age of 99.

Park it in Treasury bills
Whatever Cohen decides, he can rest easy knowing that time is on his side — at least for now.

Simply parking GameStop’s $4 billion cash hoard in short-term Treasury bonds could yield more than $200 million per year — more than enough to paper over the company’s $34.5 million operating loss from its 2023 fiscal year.

Six-month Treasury bills BX:TMUBMUSD06M currently yield 5.33%, according to FactSet data.

The company currently carries little debt: As of the end of its first fiscal quarter, its total outstanding long-term debt stood at just $14.5 million. So maintaining a strong balance sheet would also help the company keep its options open in the hope that a better opportunity might come along.

“Because their business has not been shown to consistently generate cash, they could keep [the $4 billion] in reserves, let it earn 5%, give or take, and keep their options open,” said Steve Sosnick, chief strategist at Interactive Brokers.

Liquidate and return money to shareholders
It’s unlikely, but if Cohen can’t work out a suitable turnaround plan, then he can always opt to pack it in, liquidate the business and return capital to shareholders.

Assuming its cash balance remains roughly unchanged, such a payout would come to just over $9 a share, based on the roughly 426.2 million shares outstanding following GameStop’s latest secondary offering and the roughly $4 billion in cash it has on its balance sheet. This estimate excludes the value of a*sets on the company’s balance sheet, including real estate, equipment and unsold inventory,

Cohen’s stake via his holding company, RC Ventures, is more than 36.8 million shares, or 8.6% of the total outstanding stock, which makes him the company’s largest shareholder. Such a payout would net him about $330 million.

That is far less than the more than $1 billion his stake was worth as of Thursday afternoon, based on GameStop’s most recent share price. Still, it would still represent a significant profit for Cohen, based on his cost basis of about $65 million, according to calculations made by Pachter.

GameStop shares were back in rally mode on Thursday, despite the cancellation of its shareholder meeting. They were up 12.3% at $28.60 in afternoon trading in New York.

Cohen has steadily purchased more shares in the company since unveiling an initial investment of 5,800,000 shares in August 2020 at a price of $1.35, adjusted for the company’s 4-for-1 stock split in July 2022, according to SEC filings and FactSet data.

 https://www.marketwatch.c .. -pile-a3b86e87

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#2  Hope for the best pray for the worst: Feds interest rate.meeting today

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@misc      By HIPHOPCOP      2 days ago

emoji
brace yourself for the news

Especially if you are investing



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#3  This Economist Thinks That Rising House Prices Are Going To Impoverish 80 to 90%.

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@misc      By iTzMe!      6 days ago

Gary Stevenson (born 1987), known also by his YouTube-channel GarysEconomics, is a British inequality activist, economist, and former financial trader based in London.

From a working class background in Ilford, Stevenson studied economics and mathematics at the London School of Economics before becoming a financial trader at Citibank in 2008, at age 21. Stevenson has said that he became the bank's most profitable trader in 2011 by predicting there would be a large increase in economic inequality, and that growing poverty would cause interest rates to stay low.[3][4] In 2014, Stevenson quit his job to study for an MPhil in Economics at the University of Oxford in 2016.[5] In 2020 he started the YouTube-channel GarysEconomics, explaining economic concepts related to inequality to a wider audience.[

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because there will be a lot of families that own property
23:42
that will feel like it's a good thing for them
23:43
that want to support it,
23:44
despite the fact that it's long run
23:46
impoverishing their family.
23:49
So I think we need to prepare for this basically.
23:51
We need to understand ourselves
23:54
that rising house prices
23:56
is part of a mechanism
23:58
which is impoverishing ordinary families.
24:01
We need to understand that, we need to share that,
24:02
especially with people perhaps in the older
24:04
generation who own property who think itÂ’s good.
24:06
We need to be able to explain to them and to other people
24:11
how these rising property prices
24:13
are going to really impoverish future generations.
24:17
So my end message on this is,
24:20
things are going to change relatively quickly.
24:22
We're going to move into a complicated space where
24:25
the economy stays terrible.
24:26
And I think it will get worse.
24:28
Living standards stay terrible, and I think they will get worse.
24:31
But a*set prices and house prices will start to increase.
24:35
And that could be very divisive in our societies.
24:40
What you need to understand,
24:41
what you need to convince your parents
24:43
and grandparents to understand if you can't,
24:46
is that this is not society getting richer,
24:48
this is society getting poorer.
24:49
Living standards for the masses
24:52
all getting worse and will continue to get worse.

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#4  Roaring Kitty Got Over Half A Million People In His Stream. He About To Move Markets...

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@misc      By K Durants Brush      1 week ago


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#5  Meme stock billionaire

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+34
  @misc      By livekomik      1 week ago



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#6  Americans Have More Investment Income Than Ever Before

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@misc      By ThesOne      1 week ago

Lynn Hogan and her husband jokingly call themselves “the turtles” after methodically investing for decades. In the current race against inflation, which has made trips more expensive and $200 grocery bills not uncommon, the mostly retired educators are among those keeping pace.

Returns from slow-and-steady investments, including stock dividends, have allowed the couple outside of Decatur, Ala., to help put one of their daughters through veterinary school. “To them,” Hogan said of her adult children, “prices matter a whole lot more than to us.”

Inflation, for Hogan, “is not a heart-wrenching thing,” she said.



Growing investment income and household wealth have joined near-full employment and rising wages to keep millions of Americans such as the Hogans spending their way through price hikes. The economy’s charge through higher interest rates is putting unprecedented sums into consumers’ pockets, pushing U.S. a*set values to records and helping many high earners avoid the withering effects of inflation.

Americans in the first quarter earned about $3.7 trillion from interest and dividends at a seasonally adjusted annual rate, according to the Commerce Department, up roughly $770 billion from four years earlier. In the last quarter of 2023, wealth held in stocks, real estate and other a*sets such as pensions reached the highest level ever observed by the Federal Reserve.

The historic gains aren’t without a potential downside. Americans’ resulting ability to shell out more for goods and services “is going to make it harder for the Federal Reserve to reach their inflation target,” said James Marple, a senior economist at TD Bank.

Federal data suggest Americans’ wage and wealth growth in recent years spanned every income bracket. In sheer dollar terms, white people, the rich, the college-educated and baby boomers have bagged disproportionate wealth gains through ownership of a*sets such as homes—often locked in with low-rate mortgages—and stocks.
Many investors expected higher rates to weigh down companies’ share prices by eroding the present value Wall Street a*signs to future corporate profits.

Instead, hype around artificial intelligence has helped push major stock indexes near records by boosting shares in tech companies, chip makers and even utilities. The S&P 500 and Nasdaq Composite notched records Wednesday, and Wall Street is still betting on rate cuts this year that could propel the next leg higher.

“That complicates things,” TD Bank’s Marple said.

Economists disagree over the extent to which the so-called wealth effect from rising a*set prices encourages consumers to spend, as well as how long that impact might propel economic activity. But in an era of higher bond yields, many Americans’ investments are also turning out cold hard cash that can flow back into the economy via restaurants, hotels and stores.

Victor Hernandez, a tech sales professional in Southern California, has increasingly snapped up Treasurys and corporate debt in recent months to lock in such safe returns. Fixed income now makes up about one-third of his portfolio.


Higher prices caused the 55-year-old and his wife to slow their efforts to buy a new car and delay a potential project to improve their backyard patio and garden. Still, the couple didn’t hesitate to buy one of their sons a new set of tires recently. They are planning trips around the U.S. and to Spain. Family get-togethers have included catered meals.

Taken together, recent stock gains and bond income have put Hernandez in a better position to achieve his goals of retiring early and helping his two boys buy future homes.

“I’m not going to die and take [the money] with me,” he said.

The income flowing to Americans such as Hernandez has sparked debate among some analysts as to whether higher interest rates might actually be stimulating the economy.

Washington has pumped out trillions of dollars in recent years for pandemic relief, clean-energy projects and more, selling Treasurys to finance soaring budget deficits. The snowballing debt, coupled with the highest rates in more than two decades, pushed government interest expenses to a seasonally adjusted annual rate of nearly $1.1 trillion, according to first-quarter figures from the Commerce Department.

That is income for cash-rich companies or Americans who park savings in money-market funds, where 5% annual returns can turn into a surprise five figures.

For Delores McKinley, a retired accountant in Fort Lauderdale, Fla., the low-risk investments “kind of sit there and then, when I do my taxes, I say, ‘Oh, I made all this money.’ ”


Andy Constan, chief executive of the investment consulting firm Damped Spring Advisors, said the higher government-bond payouts likely boosted Americans’ overall spending. But with the Fed signaling additional rate hikes are unlikely, the growth in that income is expected to slow sharply.

Meanwhile, higher borrowing costs are hitting more small businesses that need loans, prospective home buyers who seek mortgages and lower-income Americans who pile up credit-card debt.
“At this stage, it’s much farther tilted to higher interest rates hurting the economy,” Constan said.

Big savers such as Jane Bertani are still holding cash in case the Fed’s inflation f*ght starts biting in earnest. “If the market falls, you need to have something as a backup,” said the retired occupational therapist from Minnetonka, Minn.

For now, Bertani and her husband, a retired dentist, are still playing the market through individual accounts geared toward specific expenses, such as taxes and travel. The pair, who occasionally splurge on $20 Wagyu burgers at a nearby restaurant, recently went over their monthly food budget—a spending result that Bertani attributes to inflation.

A separate investment account for miscellaneous expenses had them covered. “When and if we need money, we can go to that account,” Bertani said. “I realize that most people don’t have the time or resources to do that. Fortunately, we do.”

 https://www.wsj.com/econo .. efore-84b7a6c6

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#7  A.i voice recognition firm backed by nvidia @ 4.99 a share

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@misc      By HIPHOPCOP      1 week ago


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#8  Ripple - Brad Garlinghouse crypto ETF update

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@misc      By jhust4ever      1 week ago

Name a better CEO for Crypto. No hating or shilling a coin. Top tier in mybook.



YT

Video summary:

Description

Ripple CEO Brad Garlinghouse: “A #XRP ETF is just simply inevitable.” Fox Business

BankXRP
646
Likes
7,336
Views
Jun 4
2024
BRAD GARLINGHOUSE ON POTENTIAL SPOT XRP ETF ➡️ "#XRP ETF IN 2025 - NOT SO FAR AWAY"

TOPICS
➡️ BITCOIN AND ETHER ETFs
➡️ SEC´S APPROVALS OF ETFs
➡️ UNDERSTANDING XRP
➡️ SWIFT VS RIPPLE / XRP
➡️ MOMENTUM IS DRIVEN BY POLITICS
➡️ FATE OF CRYPTO IN NOVEMBER ELECTIONS
➡️ XRP ETF IN 2025 "NOT SO FAR AWAY"

Ripple Labs CEO Brad Garlinghouse spoke on Fox Business Tuesday to discuss the future perspectives of Spot XRP ETFs. Recently, the CEO said that following Ethereum and Bitcoin, XRP, SOL, and ADA may be next in line to receive Spot crypto ETFs.

Speaking to Fox Business reporter Liz Claman, Garlinghouse doubled down on his optimism that an XRP ETF may be coming next. He discussed how the Spot Ethereum ETF opened the door for future ETFs around other a*sets like XRP. The SEC’s losing battle against cryptocurrency. Speaking about the SEC potentially making the f*ght for an XRP ETF difficult for Ripple, Garlinghouse emphatically said, “An XRP ETF is just simply inevitable.” In terms of a timeline, he said, “I think we’re going to see it in 2025.”

“People don’t want just exposure to one commodity,” Garlinghouse said. He added that it “only makes sense” to add more commodities to the market to give investors more options to trade. Therefore, XRP could be a new competitor to ETH and BTC ETFs on the market, as well as Solana and Cardano’s digital a*sets.

Furthermore, Brad Garlinghouse also mentioned that “XRP used to be the second most valuable digital a*set.” The rise of cryptocurrency over the past few years has given healthy competition for Ripple’s digital a*set.
egg

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#9  Corey Holcomb's 5150 show has some hidden gems

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@misc      By Magic Stick      1 week ago


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#10  Eva Mendes Drops Hollywood To Build Her Cleaning Empire

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@misc      By wmsproductions      2 weeks ago


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#11 For All You Clowns That Said Buying GameStop Stock Was Stupid

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@misc      By Dante Haversham      2 weeks ago



DFV is back. Son now owns almost 5% of the company. At the end of the day the fundamentals of WHY to buy it remained sound. It doesn't matter that the company itself is trash. What matters is it was over shorted.

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#12  Dave & BusterÂ’s is going to allow customers to bet real money on arcade games

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@misc      By Sin      2 weeks ago


[IMG]
[/IMG]

PLAY

Earnings Date Jun 4, 2024
Market cap 1.93 Billion
Revenue 2.21 billion
EPS 2.88 Billion
Revenue growth YoY 12.26%
gross profit 1.87 Billion
Net Income 126.90M
Profit margin 5.75%
Gross Margin 84.72%
IPO date and price Jun 6, 1995
52-Week Price Change +48.73%
52 week range 31.65 - 69.82
Dividend No
Total Debt 2.85 Billion
Free Cash Flow 35.10 Million
Short Interest 7.21M
Short % of Shares Out 17.85%
Number of Employees 23,258

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#13  Palantir Wins $480 Million AI Computer Vision Deal With US Army

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@misc      By Sin      2 weeks ago


YT




Market cap 44.61B
Revenue 2.33B
EPS 0.12
Revenue growth YoY 16.75%
gross profit 1.89B
Net Income 298.55M
Profit margin 12.79%
Gross Margin 81.16%
52-Week Price Change +42.35%
52 week range 13.56 - 27.50
Dividend No
Total Debt 217.07M
Free Cash Flow 641.36M
Number of Employees 3,735
Short Interest 77.78M
Short % of Shares Out 3.65%
Earnings announcement


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#14  'i think im larry fink ..marc cuban!"

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@misc      By HIPHOPCOP      2 weeks ago

buying shares

That's what I'm doing

Investing with all my heart

2k is just my initial start ...



Haven't dealth with Robinhood ever since the Game stock run

I liquidated everything

Had a little 2k in another açcount decided to jump back in with these 6 stocks I want at least a 100 shares and 2 stock option buy calls contracts whixh shall expire friday

GPR (Real estate)

EARN (Real estate)

APLD (A.I)

BKEAY (offshore bank)

BTG (gold mine)

VFF (cannabis)









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#15  Shares of company that makes Hoka sneakers, Ugg boots surge past $1K

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@misc      By Sin      3 weeks ago



Shares of Deckers Outdoor jumped 14% to breach the $1,000 mark for the first time on Friday, as the footwear company posted upbeat fourth-quarter results, riding on the popularity of Ugg boots and Hoka sneakers among Americans.

The companyÂ’s stock has been on a tear since the beginning of last year, and is up about 55% this year, after rising 67% in 2023. In contrast, Nike has dropped 15% this year. Deckers shares closed Friday at $1,032.90.

“We anticipate sentiment stays bullish around the stock as the company shows it can maintain a high EPS growth rate,” UBS analyst Jay Sole said.

Upstart brands such as On Holdings and Deckers Outdoor have been able to sustain demand as wholesale retailers open their shelf spaces to their innovative products at a time when giants such as Nike and Adidas are taking a hit.

Hoka and Ugg have become two of the strongest and most in-demand brands in the footwear space, CEO David Powers said on a post-earnings call on Thursday.

HokaÂ’s net sales jumped 34% in the fourth quarter, contributing nearly 56% to DeckersÂ’ revenue, while those of UGG were up 14.9%.

UGG accounted for nearly 38% of its overall sales.

Those strong sales figures prompted at least 14 analysts to raise their price targets on the stock.

“Success of the pull-model in UGG and building awareness of Hoka are likely to continue to drive growth,” Barclays analyst Adrienne Yih said.

“There remains ample opportunity to continue to build on relatively low awareness,” Yih noted.



The average rating of 22 analysts on the stock is “buy,” with a median price target of $1,039, according to LSEG data.

Wedbush analyst Tom Nikic said Deckers continues to be one of “the fundamentally strongest names” in the brokerage’s coverage.

Still, some analysts said Deckers was a bit conservative in giving its annual forecasts.

 https://nypost.com/2024/0 .. res-past-1000/

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#16  $23 a share Oceaneering: A Profitable Underwater Drones for Gas Exploration and Defense

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@misc      By Sin      3 weeks ago



Oceaneering International, Inc. ticker symbol OII

Oceaneering International is a 60 year old robotic company for the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide.

The stock is up 41% for the the last year

 https://stockanalysis.com/stocks/oii/




OII
Market cap 2.37 Billion
Revenue 2.49 Billion
EPS 1.06
Revenue growth YoY 17.36%
gross profit 413.79 Million
Net Income 108.48 Million
Profit margin 4.36%
Gross Margin 16.64%
52-Week Price Change +47.88%
52 week range 14.99 - 27.46
Dividend No
Total Debt 804.06 Million
Free Cash Flow 83.07 Million
Number of Employees 10,100
Short Interest 4.54 Million
Short % of Shares Out 4.48%
Earnings announcement 7/24/24



YT

YT




 https://www.oceaneering.com

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#17  What Our Brains Know About Stocks—But WonÂ’t Tell Us

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@misc      By ThesOne      3 weeks ago



Going on gut feelings when you invest is often a terrible idea. New research helps explain why it can sometimes be beneficial.

Thinking we know more than we do—overconfidence—may be our biggest handicap as investors. Knowing more than we realize, but not being able to use what we know, is another obstacle. It’s a mystery that’s finally getting some attention.

To be an investor, rather than a speculator, you must do deep and deliberate research before you buy an a*set. As the late investor Charlie Munger liked to say, you must be “rational.”

That doesn’t mean you must be as unfeeling as Spock on “Star Trek.” One of Warren Buffett’s most famous rules—“attempt to be fearful when others are greedy and to be greedy only when others are fearful”—is rooted in his ability to respond to emotion.

Spock wouldn’t be afraid of other people’s greed or greedy in the face of their fear; he would simply find their behavior inexplicable.

Buffett isn’t unemotional; he is inversely emotional. He takes other people’s feelings, turns them inside out and makes the resulting emotions his own.

In fact, you can’t be rational unless you’re also emotional.

People with damage to the amygdala, a brain region involved in processing fear, pursue “a disadvantageous course of action” when choosing between safer and riskier gambles, a study reported in 1999. The inability to feel fear leads them to chase gains with no regard for the consequences of losses.

Another region of the brain that’s been studied this way is the anterior insula, which relays awareness of bodily states such as your pulse rate, and processes reactions like anxiety and disgust. In an experiment in which people had to decide whether to keep buying a stock that rose up to at least 10 times its fundamental value before it crashed, those whose insula fired up more intensely sold out earlier and made more money.

Research published in 2016 found that professional traders who were more adept at estimating their own pulse tend to generate higher average daily profits over time and have longer careers.

That’s presumably because they were more closely attuned to their gut feelings; excitement may tell them to make a profitable trade, while fear may signal they should cut a loss before it deepens.
In the past few years, researchers have been investigating “neuroforecasting.” That’s the apparent ability of activity in the brain to forecast outcomes—even when people are unaware of it.

Neuroscientists have asked participants to predict which requests for microlending will raise the most money online, which ventures will receive the most crowdfunding, how popular video clips or songs will be, or whether a stock would go up or down.

Consistently, people’s conscious choices when confronted with these sorts of questions aren’t significantly better than chance. But the intensity of activation in their nucleus accumbens, an area of the brain that subconsciously processes anticipation of reward, turns out to be a good predictor of what people will collectively decide they like.

That’s right: A flicker of electrochemical activity in your brain—so faint that you may not sense it yourself—forecasts how people will react to something potentially rewarding.

In a study published last month, 36 Dutch professional investors attempted to pick winning and losing stocks while their brains were scanned in a functional MRI machine.

Among the stocks they evaluated: AT&T, Carrefour, Ralph Lauren, Sanofi and Teva Pharmaceutical.

For each stock, the investors viewed a basic profile, including industry sector and market capitalization; a price chart; data on sales and profitability; valuation relative to its peers; and a summary of recent news. The investors weren’t told the names of the stocks and said they didn’t recognize them.

The set of information the investors viewed dated back to various periods between 1999 and 2011. The investors were asked to say whether they thought each stock would outperform or underperform its sector in the 12 months after each measurement period.

Their conscious forecasts were no better than the flip of a coin. However, the researchers also measured the activation in the stock pickers’ nucleus accumbens. And that enabled the researchers to predict which stocks would outperform—with about 68% accuracy. The more intense the activation, the more likely that stock was to end up outperforming.

It’s as if these professional investors have useful knowledge without knowing it. Meanwhile, what they believe they do know—their conscious prediction—is pretty much worthless.

Many factors can influence investing decisions, including our past experience, our current mood and how much risk we want or need to take. That’s why individuals end up making widely divergent choices, even if their brains show similar initial responses to the same stimulus.

“The brain signal is more equal across a sample than the predictions are,” says Leo van Brussel, a neuroscientist at Erasmus University in Rotterdam who co-authored the new study. “So the brain signal is a better predictor across the population.”

You aren’t going to scurry into a brain scanner every time you’re about to make an investment, so how can you apply this research?

If you can detect, channel and shape your emotions, they can reinforce, rather than hinder, your ability to be rational.

These results are “absolutely fascinating and counterintuitive,” says Brian Knutson, a professor of psychology and neuroscience at Stanford University. (He was a reviewer on the study but wasn’t otherwise involved.)

I’ve learned that my feelings are good contrary indicators: When I’m fearful, I should instead be greedy, and when I’m greedy I should be fearful.

In the global financial crisis, I finally lost heart on March 6, 2009. But I knew my gut feelings well enough to listen to my fear—and to do the opposite. The stock market bottomed three days later, but I kept buying.

Brian Posner, an investor who had a distinguished career at Fidelity, Warburg Pincus and ClearBridge Investments, says his biggest scores were in turnarounds—companies on the brink of failure.

“In those situations, almost by definition, one is mostly or entirely alone in recognizing the potential,” he says. “Such investments are unnerving.” In those cases, he suggests, a good signal that you’re on the right track is “wanting to throw up.”

Turning other people’s emotions inside out has worked for Warren Buffett. Turning your own emotions inside out might work for you.

 https://www.wsj.com/finan .. _copyURL_share

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#18  Have you ever eaten at Gen Korean BBQ?

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@misc      By Sin      3 weeks ago



IG

They went public Jun 28, 2023 at $12 a share and currently sit at $11.69, with a 52-Week Range 5.61 - 20.50

36 restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida with 2500 employees

Market Cap 384.57M
Enterprise Value 503.30M

PE Ratio 62.00
Forward PE 95.24
50-Day Moving Average 10.41
200-Day Moving Average 9.98


Revenue 187.91M
Gross Profit 22.71M
Operating Income 5.02M
Pretax Income 4.86M
Net Income 12.85M
EBITDA 14.18M
EBIT 4.05M
Earnings Per Share (EPS) $0.19

low short interest
Short Interest 153,338
Short Previous Month 160,409
Short % of Shares Out 0.47%
Short % of Float n/a
Short Ratio (days to cover) 1.93

Operating Cash Flow 22.89M
Capital Expenditures -18.45M
Free Cash Flow 4.44M
FCF Per Share $1.03

Gross Margin 12.08%
Operating Margin 2.67%
Pretax Margin 2.59%
Profit Margin 6.84%
EBITDA Margin 7.55%
EBIT Margin 2.15%
FCF Margin 2.36%

 https://stockanalysis.com/stocks/genk/

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#19  Living On $65K A Year Working Three Jobs In Houston

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@misc      By wmsproductions      3 weeks ago


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#20  The highest-paying in-demand jobs that donÂ’t require a degree, according to new research

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@misc      By 484675      3 weeks ago



If youÂ’re looking for a career that pays well, doesnÂ’t require a college degree and offers strong job security, you might want to consider a trade job.

The U.S. skilled labor market is facing “record-high pressure,” according to new research from McKinsey & Co., as more workers age out and fewer young people train to fill their jobs as construction workers, plumbers, welders and more.

Labor shortages — amplified by disruptions to in-person work and material shortages during the Covid-19 pandemic — have created more competition for talent, and, as a result, wages for skilled trade jobs have risen by more than 20% since the first quarter of 2020, McKinsey & Co. reports.

Demand for skilled tradespeople is expected to increase over the next decade and remain high in the U.S. due to infrastructure needs, a surge in real estate redevelopment and investments in renewable energy.

The most in-demand jobs companies are hiring for right now — that don’t require a degree — are in construction, manufacturing and plumbing, according to data from Payscale and ZipRecruiter exclusively shared with CNBC Make It:

1. Construction superintendent
Median salary: $84,600

2. Manufacturing production manager
Median salary: $71,800

3. Journeyman plumber
Median salary: $61,500

ItÂ’s important to note that there are different levels of certification for some trade jobs including plumbers and electricians. For plumbers, there are three levels: Apprentice, journeyman and master.

If you want to work as a journeyman plumber, youÂ’ll need to work as an apprentice under a licensed master plumber for at least 2 years, depending on your stateÂ’s requirements, according to Indeed.

To compile the list, Payscale analyzed 85,715 salary profiles from U.S. workers with no education higher than a high school diploma. The salary data was collected between April 2022 and April 2024. From that sample, Payscale identified a list of jobs and ranked them by median pay for workers without degrees.

Then, to determine which high-paying jobs are seeing the most demand, ZipRecruiter looked at hiring trends for these roles over the last six months to see which jobs saw the biggest increase in openings.

All of these jobs saw at least a 16% increase in openings on ZipRecruiter between October 2023 and March 2024. Construction superintendents have seen the largest uptick in demand, with openings surging more than 128%.

Other high-paying trade jobs that have seen slightly less demand, but are still hiring at a good clip, include fleet managers, who oversee drivers and vehicles, like delivery trucks, owned or leased by their companies, and journeyman electricians. The median pay for fleet managers without degrees is $64,600 while journeyman electricians make $62,600 on average, according to Payscale.

Careers in construction, manufacturing and home services, which have historically prioritized skills over degrees in hiring, still present some of the best opportunities for people to earn up to six figures without going to college, says Ruth Thomas, a pay equity strategist with Payscale.

Although more companies are dropping degree requirements for jobs, skills-based hiring is still a newer trend that “hasn’t become common practice” across all industries just yet, Thomas adds.

 https://www.cnbc.com/2024 .. -a-degree.html

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