Pardon my eruption of joy this morning. It’s fucking snowing here on the first day of spring.
This is an orderly move higher, one that I believe can be bought. With some of the cash I have left, I added to my BABA position, making it a top 3 holdings. And, going against the grain, I started a new position in ANF. It’s a very small one. In short, I will likely add to this name over the next month. I am not a fan of their stores, as clothing of that sort is better suited for 13 year olds. Nevertheless, it is now trading at historically absurd levels. Bear in mind, despite their decelerating revenues, they are still free cash flow positive and can really become a cash cow with a few tweaks. This might become a private equity target before the year is over.
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ideas like this are why you are the master.
$20 stock earning $1.15 of profit a quarter is undervalued.
Not only that, their p/s ratio is so low now, similar to where GES and SCVL were prior to melt up. Any good news and this is $25.
Is $ANF doing a reverse split. Agree on $baba
BABA has definitely bottomed. My mom said she was not buying it yet because of lock up exp. wtf
Did you say your mom?
I’ve been watching ANF too but I don’t like to buy when market is up big. I’ll wait for down day to see if has relative strength. Never need to rush with beaten down stocks.
Agreed. But I didn’t buy size. Got to start a position somewhere. I’d hate to wake up monday to private equity news and not have any.
No he said momey
When is the iBC golf tournament at Saratoga National?
no snow on the Island yet, but it is on it’s way. If you had a mind to buy a Utility because rates will never be raised, which one would you choose? thanks, have a nice weekend.