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I could take those off his hands lol. This actually isn’t that hard a problem if you are good at trucking.
Not exactly a widely held skill set.
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Thank god for that.
whenever i have too many eggs i make egg salad
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fify
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I am going to predict that lots of parents are going to stop saving for their childrens college now that they heard about college debt forgiveness and they won’t being doing some technical analysis to come to that conclusion.
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Added three names to my portfolio:
CVCO at $229.79
NMM at $26.76
HVT at $26.46
CVCO is a modular and mobile homes manufacturer that was an 8/10 on the Graham criteria, 7 or more makes it a buy and is rare to find. This is one of the rare ones where I’m paying up relative to book value (2.44x), but it’s trading at 9.33x earnings with a strong balance sheet and good earnings growth history. I think modular homes manufacturers could benefit from a combination of the current housing market dynamic, a return to (long) historical trends on sales, and natural disasters which we’ll have more and more of. Their sales were higher last year, but obviously that was a bump in the entire housing market, so the market seems to be ignoring it. However, I think they’re in a position to hang onto a lot of it. Their revenue was up something like 45%, but they have gotten about 25% bigger through an acquisition, and some contractual obligations from the acquisition are putting a drag on their profit margin by about 3%, so I think they can potentially hang on to at least 25-30% of the bump.
NMM is a shipping company that scored 6/10 with two very near misses, and weak earnings history being the other two misses. They’ve restructured the company, and I think they’re set up to do well and perhaps smooth out the cyclic nature of the shipping market. Also, most of all, I paid 0.45x tangible book, and 1.68x earnings. They don’t have to do that well, just stay alive and remain profitable, neither of which seems to be at risk. I think they were written off by a lot of investors due to corporate governance issues that appear to be resolved through the restructuring, so if that’s the case, then sooner or later the market will come around on them at this price.
HVT is a furniture company that scored 7/10, and doesn’t score terribly on the other three. I paid 1.62x tangible book and 5.27x earnings. They’re facing some supply chain headwinds/risk right now, but they also improved their profit margins after their covid layoffs and figured out how to preserve the higher margins. They could benefit from other retailers going online-only because of cheaper showroom space if retail real estate goes down. While a recession is bad for them, their main demographic is upper middle class and up women/families, and I think those people should do ok regardless. Plus, I think a lot of people that fit that description just bought houses within the last year or two and it may be time for new furniture, so that’s a potential catalyst as well.
So in all three cases, steep discounts and potential catalysts to spur them higher.
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Yes, demand for GPU’s was/still is absurd for crypto mining rigs.
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One reason I don’t trade in individual stocks is that I would have assumed NVIDIA is a cosmetics company. I think my wife uses their moisturizer.
Sometimes not understanding what the company is works out.
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“Employers added 315,000 jobs last month on a seasonally adjusted basis, the Labor Department said Friday. That was down from 526,000 in July, though it still represented a strong pace of growth. The unemployment rate rose to 3.7 percent.“
That’s Nivea - also didnt realize it was a thing in USA #1.
This is also a very old and mostly unchanged product. I remember my great grandmother had all these empty tins of Nivea - reused to store all kinds of knick knacks.
Nivea’s in-shower moisturizer is fantastic if you have dry skin in the winter. Or so I’ve heard from some metrosexual pajama boy.
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Did something happen at noon today? Big swing!
The Russians announced that one of the gas pipelines to France I believe will remain shut for further maintenance.
Very efficient!
According to a sizable portion of apes, it wasn’t a suicide. Here’s a good one:
I’m going to go ahead and say it… BULLISH AF. if murder is on the table, we aren’t talking moon money. We are talking galaxies.
Some even think Cramer should be investigated for murder over this BBBY tweet:
fuck you