I think both will probably pop pretty nicely again tomorrow, given Biden’s declaration. Trying to figure out the intrinsic value on these is extremely difficult. On top of demand, you have to try to project their ability to scale production in the case of BVNRY, and for SIGA you have to project actual case growth, testing capacity, and % of cases that actually need/get treatment… but there’s nothing to base that on, because obviously the numbers from Nigeria aren’t going to be very helpful in any of those regards for modeling what will happen in the western world.
I’m going to attempt to come up with a conservative estimate and work off of that, at least for starting to trim back the positions. I think the high end valuation for Bavarian is $100-150 per share in an event where the stockpiles get converted to their vaccine and they replenish it every 5 years. Oddly enough, vaccinating the entire world is not their best financial outcome. They make more money in the long run through replenishing stockpiles.
SIGA seems even tougher to estimate.
But then the other factor is that sentiment is going to drive the stock price for the short-term, and who knows how high the market could take it before people regain their senses?
Dash is in a pretty sweet spot for them to spend all they want on R@D in search of “skimming” more fees. Demand for them from businesses is only going to increase going into the future and they know that. I definitely wouldn’t lump them in with other debt ridden disasters, or short the stock, imo.
They’re as much as 50% more expensive than ordering straight delivery through the restaurant here when both options are available, which is largely businesses passing on their absurd fees. There’s no way that’s sustainable.
Shareholders hate workers explains a lot. If unemployment is low and wages are climbing, capitalists are spoiled rich kids that refuse to play to game.
It means that future rate hikes are likely as the economy hasn’t started to suffer yet. Also, workers can demand higher wages since they aren’t replaceable.
Of course on Monday stocks will surge again because the economy is doing so well
They might not even wait until Monday to surge. I have no idea what’s going to happen today (because nobody does) but I wouldn’t be surprised in the least if the market ends up in the green by EOD.
My all time favourite was during the Obama years the Republican house was preventing a debt agreement until the eleventh hour and as a result the US came close to defaulting. This sent markets into a panic so everyone went risk off and sold equities to go the safest investment they could find which was the US dollar and T-bills, the very thing that almost defaulted which created the panic in the first place.
I pretty much stopped using my roomba. I need it mainly for cleaning up dog hair and I’d rather just run a quick swiffer around the main living areas and then suck up the accumulated hair. The only thing the roomba is good for is getting under furniture, beds etc to get the hard to reach stuff.
I had a discussion with two friends yesterday about the likelihood of a recession that doesn’t increase unemployment. I think it’s possible and if you logically go step by step through the conditions, it’s easy to arrive there.
Bought MHO at the open as a value play. I’m in at $46.24, looks like it’s cheaper now. I have one friend who follows most of my stock picks and always manages to get in cheaper than me. Usually he buys the day before I finish my research, this time he waited until after and it still worked for him lol…