I think the reality is every company has a price that makes sense, and any account that solely looks at “quality” is probs being sold a mantra and or trying to sell one
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catalyst or bust
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Flip side of that if you talk about some absolute shitco, i.e. $LESL $PZZA $PLBY there’s a fear of being perceived as unsophisticated
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The thing that I find interesting is I see many accounts projecting a brand of looking at “quality” i.e. here’s regurgitated analysis on $MA $APP $MCO you name it…. I think there’s this idea that if you talk about high quality businesses people will perceive you as smarter
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With the risk of looking like a moron in a few weeks….. bought a tiny position in $LESL
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In fact this might be better for $SEG, $LYV being the best in class operator with the best acts / network effects benefits the foot traffic to surrounding properties of Pier 17 that they I’d argue don’t capture operating it themself
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$LYV acquiring $SEG venues would be great fit. Obv, they wouldn’t want to own the entire company, but Pier 17 and the Las Vegas Ballpark are two mid sized venues in tier 1 tourism destinations that fit $LYV mold perfectly
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Something I have a bit of a pet peave of is investment pitches with VERY hypothetical M&A,
You know what I’m talking about “Amazon could be very interested in **insert distressed micro cap shitco** “
That being said I’m a bit of a hypocrite in life
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catalyst or bust retweetledi
@ACapitalLP $CNTY executive departures + Brigade term loan dutch auction points to a long awaited Poland sale
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@HiddenGemsInves Most definitely particularly on developed market ETF’s ex. US
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@catalystbust May be worth looking at indices out the US, or large caps?
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What's a widely accepted piece of investing advice that you think is mostly wrong?
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Seeing fintwit accounts recycle / steal memes for engagement bait is effectively prostitution
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catalyst or bust retweetledi
I’m 40 now so i have to tell you about the hottest new health trend: Metamucil before dinner. Don’t knock it till you’ve tried it. Extra fiber fills me up and comes with other key dietary benefits. Highly recommend!
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Also fun little thing about $CNTY is they did buy back somewhat quietly 1% of the company this quarter……
Not something to be done in a highly levered situation unless you felt something was coming
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Certainly a murky option but one that would if possible to execute
Would prove quite fruitful for $FLL
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IDK what I’m missing but $CNTY appeared to have an objectively better quarter with IMO far more credible catalysts than $FLL and yet the stocks reacted inversely
with two Micro caps it’s to be expected
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@allenkhatch This is a fun one in the sense that at $TACT scale
Simply going private generates significant cost savings hahaha
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Couple of interesting updates at $TACT - former CEO wrote a letter questioning company and they hired a new CFO
Allen Khatchatrian@allenkhatch
1/ $TACT (TransAct Technologies) is one of those stocks that almost nobody is looking at. $36M market cap. No analyst coverage to speak of. But if you understand the casino supply chain, this company is hiding some interesting assets under a pile of public company costs. Let me break it down:
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