Talking stocks, trading, and investing in general

[Fueco]

I’m investing 18.5 minutes into listening to Alice’s Restaurant.

 

[Texasmade]

I’m investing 18.5 minutes into listening to Alice’s Restaurant.

I like the avatar change.

 

[Piobaire]

What does leasing a car do that renting from Hertz doesn’t?

I've previously explained that. It's cool.

 

[lawyerdad]

What does leasing a car do that renting from Hertz doesn’t?

 

[Texasmade]

My friend's dad was the CEO of Dollar Thrifty Car Rental when Hertz acquired them. My friend told me stories about how stupid the Hertz CEO, Mark Frissora, was and was hell bent on getting Dollar Thrifty no matter the cost. Not surprisingly, the Mark was dumped like 2 years after the acquisition for accounting irregularities.

 

[jbarwick]

My friend's dad was the CEO of Dollar Thrifty Car Rental when Hertz acquired them. My friend told me stories about how stupid the Hertz CEO, Mark Frissora, was and was hell bent on getting Dollar Thrifty no matter the cost. Not surprisingly, the Mark was dumped like 2 years after the acquisition for accounting irregularities.

I worked for a company where the CEO was pissed his takeover offer for one company was denied so he was hell bent on finding someone else to purchase. We ended up making a bad acquisition because among other things, the capital commitments were 5x the cash flow the business had. This was 2 years before I joined and by the time I left in 2018, we were spinning off the pieces to other companies for peanuts of our purchase price because we couldn't afford to continue to improve assets without returns. For some reason, part of my job was reading Analyst reports and then typing up summaries for our CFO and they would always comment how bad the acquisition was and would speculate at what point we would start selling the assets.

 

[Texasmade]

I worked for a company where the CEO was pissed his takeover offer for one company was denied so he was hell bent on finding someone else to purchase. We ended up making a bad acquisition because among other things, the capital commitments were 5x the cash flow the business had. This was 2 years before I joined and by the time I left in 2018, we were spinning off the pieces to other companies for peanuts of our purchase price because we couldn't afford to continue to improve assets without returns. For some reason, part of my job was reading Analyst reports and then typing up summaries for our CFO and they would always comment how bad the acquisition was and would speculate at what point we would start selling the assets.

One of the stories I remember best about the Hertz CEO was when Hertz moved HQ from NJ to FL. The CEO did it under the guise of lower COLA but really he moved the HQ to FL so he could play more golf.

 

[Piobaire]

Just some crazy volatility but I'm not making any option moves. Am considering flipping that SPY I bought yesterday for a quick $6-700 this morning as that was most of my non-committed play money for tendies.

 

[Omega Male]

 

[brokencycle]

View attachment 1713039

‘Inflation Guy’ Has Been Waiting Years to Tell You About the I-Word

After decades of modest growth in consumer prices, investors had stopped worrying about it much—until now. Suddenly, Michael Ashton finds himself really busy.

www.bloomberg.com

I don't see how inflation isn't a medium to long term problem. People concerned about inflation have been mocked for a decade now because we didn't see much inflation after all the QE surrounding 2009. But more recently, we have infused a lot cash into the economy, and productivity growth has slowed and most recently gone negative.

Inflation seems like the natural result of that combination. We'll see: maybe it is just weird, fucked up supply chain stuff and everything will get better in a quarter or two, but I doubt it.

 

[Piobaire]

I was thinking about this last night, and more importantly, how it will impact Ol' Piob? I was thinking about those lucky retirees that locked in 12-15% coupons for 30 year Treasuries back in the early 80s. Can you imagine a 15% return, guaranteed, every year for 30 years? Sure would make cash flow planning easy.

 

[brokencycle]

Also more indication that all of the stimulus is inflationary:

American inflation: global phenomenon or homegrown headache?

It is wrong to deny that fiscal and monetary stimulus have helped cause the problem

www.economist.com

 

[PhilKenSebben]

I was thinking about this last night, and more importantly, how it will impact Ol' Piob? I was thinking about those lucky retirees that locked in 12-15% coupons for 30 year Treasuries back in the early 80s. Can you imagine a 15% return, guaranteed, every year for 30 years? Sure would make cash flow planning easy.

Jesus Christ, they had things like that!?! ******* hell the boomers wonder they everyone hates them

 

[Piobaire]

Jesus Christ, they had things like that!?! ******* hell the boomers wonder they everyone hates them

Here's a link:

30 Year Treasury Rate - 39 Year Historical Chart

Interactive chart showing the daily 30 year treasury yield back to 1977. The U.S Treasury suspended issuance of the 30 year bond between 2/15/2002 and 2/9/2006.

www.macrotrends.net

 

[jbarwick]

I was thinking about this last night, and more importantly, how it will impact Ol' Piob? I was thinking about those lucky retirees that locked in 12-15% coupons for 30 year Treasuries back in the early 80s. Can you imagine a 15% return, guaranteed, every year for 30 years? Sure would make cash flow planning easy.

But in the moment, would you have known rates were going to decrease? I mean they could go negative in the US which would make the 10-yr at 1.4% look great.