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Wabash02

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  1. Sleepydragon, Can you share the where your HSA account is that lets you invest. I'm looking to roll two HSA's over to somewhere with actual investment options. Thanks
  2. South Bend, Indiana. Smallcap: I've certainly been to Holland but never knew about the Snowmelt system. Pretty amazing.
  3. Not new but a book I loved is called Ubiquity:Why Catastrophes Happen. The book is a great introduction to power laws if you are not familiar with them. It also really highlights how outcomes of events are not really correlated to the "trigger" of the event but to the configuration/make-up of the underlying system. It looks at natural disasters like avalanches and forest fires as well as man made ones like market corrections. I think it is a great companion book to Fooled by Randomness and can really open one's eyes to how vast the range of potential outcomes for all sorts of events really are.
  4. I am surprised not to see any mention of Indianapolis. Very business friendly climate, educated workforce, and crossroads of America!
  5. Interesting take from a great tech/business writer I follow: https://stratechery.com/2016/dollar-shave-club-and-the-disruption-of-everything/
  6. A friend of mine from High School comes from a family that has owned a bank for several generations. He is in line to be the bank president in a few years and knows the business really well. This summer I asked him "what would be the market rate for a 30yr fixed mortgage if there was no government agency to purchase the paper from you?" His response, "zero, there is no way we would ever make a 30y fixed loan." It will be interesting to see if in 5/10 years we have a phenomenon of people in the US becoming less mobile because they do not want to give up their 4%ish loans and have to get a new one at 6-8%.
  7. I am guessing the Vectrus/Exelis(EGL) is being done for the same reasons. Rukawa: Any thoughts on the spinoff you mentioned? I read through the form 10 and noticed a few interesting items... ~The split is 1 per 18 shares. The numbers I found look like as of June 30 VEC had 29% of the revenue, 15% of the Net Income and only 5% of the BV of XLS. I always find it interesting where the spinoff ration comes from. ~VEC will get substantially all of its rev from the DOD, and 60% is from just 4 contracts. Could be risky--I don't have any way of handicapping the risk those contacts go away or are reduced. ~There will be no fractional shares issued, the transfer agent will combine all fractional shares and sell them on the open market. This could obviously cause undue pressure on the stock, as could the fact the VEC will have a mkt cap of under 500m(probably) vs XLS of 3.5 billion. ~I don't haven't looked at any details of the LLL and EGL spinoff, but it looks like EGL fell from 22(or 17 in another charting package) down to 14 for a few days, then rallied back nicely. Any thoughts would be greatly appreciated.
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