Talking stocks, trading, and investing in general

[GreenFrog]

FML

 

[MSchapiro]

FML

Relax. I have a lot more VRX than you and I'm not particularly worried.

I've been through a few rides before. I remember CHK hitting $1.50. That was a great time to buy if you didn't believe that they would go bankrupt.

 

[GreenFrog]



Relax. I have a lot more VRX than you and I'm not particularly worried. 

I've been through a few rides before. I remember CHK hitting $1.50. That was a great time to buy if you didn't believe that they would go bankrupt. 

I'm pretty calm all things considered. I increased my stake 100% this morning.

Btw what are the bonds for VRX trading at now? I can't seem to find that information.

Also wondering if we're approaching takeover levels.

 

[jbarwick]

I'm pretty calm all things considered. I increased my stake 100% this morning.

Btw what are the bonds for VRX trading at now? I can't seem to find that information.

Also wondering if we're approaching takeover levels.

Bonds are trading from 75-96 depending on maturity.

 

[idfnl]

Like I said, anyone owning VRX doesn't like money.

 

[GreenFrog]



Bonds are trading from 75-96 depending on maturity.  

Thanks. How often is that updated / are those prices reflective of today's earnings?

 

[jbarwick]

Thanks. How often is that updated / are those prices reflective of today's earnings?

I grabbed it from Bloomberg so the prices reflect earnings and are traded throughout the day. Their loans all still trade in the 90s.

 

[GreenFrog]



I grabbed it from Bloomberg so the prices reflect earnings and are traded throughout the day.  Their loans all still trade in the 90s.

Awesome. Good news. Thank you.

 

[dizzy]



So do PE firms. 

Assets are very expensive at this point. 

Assets have been expensive for a while though. There's just nowhere else to find returns right now. People are probably waiting for the dip after the December rate hike.

 

[Master-Classter]

I've started trimming some of my airline stocks and if they'll go just another 4-5% up from here I'm going to sell them completely. Currently holding AAL, LUV, and DAL. Accounts for about 5-6% of my portfolio. I'll be happy to be out of this industry and take at least a 10-15% return, maybe closer to 15-20% (I'm not exactly sure) and move the money elsewhere.

Speaking of elsewhere, I've earmarked the above money to pick up 1/4 each of SBUX, NKE and 2/4 of BX. Two oldies that will need to find their legs again but have a pretty good shot at it and are reasonably priced at these levels, and BX, they're huge, they know what to do with my money, and they'll pay me a handsome div while I wait for the stock to appreciate, which could be worth another 10-15% upside too. Unless someone can tell me a good reason not to, I'm thinking of adding quite a good chunk to BX...

Am also waiting to add quite a bit more to my LULU position. I think these guys are facing competition and logistical issues as they grow, plus just an overall down retail sector... but I think they've proven themselves before and will do it again. If I had to bet on retail, LULU is one of the ones I really like. Maybe I'm being more emotional than numberical but what can I say, I just like these guys and enjoy their products and believe in them.

 

[jbarwick]

I used to work for SBUX during undergrad. I believe in the product and their expansion into China is aggressive but could work out. I think it would be worth holding through the quarter but I would be spooked for earnings calls with any remark about China sales being weak. Plus 52-week lows don't hurt.

 

[MSchapiro]

Bonds are trading from 75-96 depending on maturity.

It's a shame they're such a pain to buy.

I'm pretty calm all things considered. I increased my stake 100% this morning.

Btw what are the bonds for VRX trading at now? I can't seem to find that information.

Also wondering if we're approaching takeover levels.

I also plan to increase my stake. Will sell off some of my bond funds.

Equity price isn't the biggest barrier to take over. It would be logistically hard since a signifigant premium would have to be offered (or else the share price would run up very quickly) and a huge chunk of bridge financing to call in all the debt. Not that many people sitting out there with $40B in the bank.

I used to work for SBUX during undergrad. I believe in the product and their expansion into China is aggressive but could work out. I think it would be worth holding through the quarter but I would be spooked for earnings calls with any remark about China sales being weak. Plus 52-week lows don't hurt.

Tempting, I always like holding shares of companies I buy things from.

 

[jbarwick]

Vanguard only lets you buy bonds for BBB or better companies if I am using the search form correctly. I assume if you called you could get the bonds but they would warn you of speculative investments like that and may charge a higher fee.

 

[MSchapiro]

Vanguard only lets you buy bonds for BBB or better companies if I am using the search form correctly. I assume if you called you could get the bonds but they would warn you of speculative investments like that and may charge a higher fee.

Most retail brokers I've spoken to have simply told me that they can't buy them.

 

[jbarwick]

S&P futures down 3.5% before Florida has been called. If FL goes Trump, they will tank a lot more.