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CorpRaider

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    GLP-1 disruption

    in General Discussion

    Posted

    23 minutes ago, Castanza said:


    What income class and demographic are they from if you don’t mind sharing. 

    They're private paying for it so pretty high disposable income professionals.  N is only like 3.  I am told dosage has to be increased to keep losing weight so there must be some adaptation, not sure about maintenance.  

    GLP-1 disruption

    in General Discussion

    Posted · Edited by CorpRaider

    I know several people on it and the weight loss I have observed is remarkable.  Sounds like it has an effect similar to early bariatric surgery or something (feeling of fullness/nausea if you eat).  They say they don't even want wine/alcohol.  

    What App Do You Use for Watchlists/tracking?

    in General Discussion

    Posted · Edited by CorpRaider

    Thanks for replies everyone.  I've got some spreadsheets for very logical lists such as REIT and Bank prefs....and airlines, but I used TD for a bunch of quick watchlists (like a bunch of "workouts" or "outsiders?").  I was under the impression that Schwab was going to port all that info, but I guess not. 

     

    I just need a quick one so I can check where DIS is in relation to the 52 week low instead of listening to my kids tell me about their school day.

     

    Bloomberg used to have a pretty good one in the retail app but they killed it.  FIDO seems like it may be garbage, for example, I can't create a new list in the application. 

    Bonds!

    in General Discussion

    Posted · Edited by CorpRaider

    On 8/24/2023 at 9:56 PM, james22 said:

    I'm uninterested in anything callable, TwoCitiesCapital.

     

    What was your purpose in buying the preferreds, drzola? CorpRaider? Happy with how they've performed? You'd buy them again?

     

     

     

    @james22 Sorry just saw this.  My simplistic analysis was base rate: I'm getting a common equity like historical return via the expected yield (~6.5%) with decreased downside (I speculate that most likely worst downside scenario for SIFIs is common gets wiped and forced equity raises; I lose non-cumulative dividend for a period). 

     

    So, if U.S. SIFIs are now mediocre over-capitalized utilities (like WTF they're going to make SIFIs hold more capital because SVB blew up?), that cash yield is probably a better return than the common (or at least "shorter duration"). 

     

    Also, I have the ability to participate in big right tail outcome/upside surprises (e.g., it comes to pass that these SIFIs are new Canadian banks circa 1980-something) because of the conversion rights. 

     

    I think I just basically described all of the standard features of any convertible preferred equity security with no real insight. haha.

     

     

    Beginning of the End of Car Ownership as We Know It

    in General Discussion

    Posted · Edited by CorpRaider

    I'ma intellectually fade this outcome.  I do think it will be big time in dense urban environments and maybe up the ridership of public transport, but in most of America...nah.  I don't even really want my kids riding in my car.  Think private rail cars.  Will be nice to let it drive you home drunk or drive grandma around.  Googl, comes with the best call option on the transportation OS (yet another duopoly).

    What are you buying today?

    in General Discussion

    Posted · Edited by CorpRaider

    2 hours ago, Spekulatius said:

    How about $OUT if you like the billboard business. You get a big dividend check as well.

    Is it ok?   I'm a full on Lamar bro over here.  I did a little work on OUT a few years ago.  I need to update that, if the price is right...and JCDecaux.  Reckon they will distress buy CCO at some point.

     

    I'm going to buy some BOC if it gets down below trailing book again....but not for the billboard bidness (and way less than CMCSA and LAMR). 

     

    What dilution you talking about, the carry?  I don't really mind the ATM issuance above book since there is zero chance I would pay a big premium to book.

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