DooDiligence

Reddit isn't all WSB "Yesterday's market dump appears to have been triggered by one or more whales forcefully selling $50B of bonds into a reluctant buyer's market. The below is a good article from Bloomberg but it's premium content so I'll summarize it below because it answers the question, Why are bond yields spiking despite the Federal Reserve setting its interest rates to banks so low and WTF is going on in the bond market?" www.reddit.com/r/stocks/comments/lsyfcs/what_caused_stocks_to_dump_yesterday_the/?utm_source=share&utm_medium=web2x&context=3

“Warren got disenchanted with Wells Fargo,” “I don’t think it’s required we be the same on everything,” “We have different tax considerations.” “There’s no question about the fact Wells Fargo has disappointed long-term investors like Berkshire,” said Munger. The 97-year-old billionaire blamed the “old management,” but said they were not “consciously malevolent or thieving but had terrible judgment in creating a culture of cross-selling.” “I think I’m a little more lenient,” Munger said, comparing himself to Buffett. “I expect less out of bankers than he does.”

Entitlement is big business: Statistics on Title II Direct Payments to Claimant Representatives www.ssa.gov/representation/statistics.htm#2019 https://secure.ssa.gov/apps10/poms.nsf/lnx/0203920017 --- I couldn't find anything on ad spend by disability attorneys but I found plenty of marketing info describing expected returns vs. spend. This ATRA page shows some older statistics for trial attorney spend. Trial Lawyer Ad Spend Coast to Coast July to Sep 2018: www.atra.org/2019/01/10/study-226-million-spent-trial-lawyers-advertising-quarter-3-2018/ --- Who says trickle down economics doesn't work? The most entitled segment of our society is creating a well lit path for the rest of us. Tort reform? Pfffft...

The Laundromat

WSB moderators / bots are ruthless post removers. Removals frequently seem capricious. Same holds true for the ban-hammer. This kind of skews the democratic process towards a one party system IMO.

I think you misunderstand US legal system (IANAL LOLZ though). House is not in the business of suing people based or not based on the hearings. There are other governmental or non-governmental organizations that can sue him. In fact, there is already a class-action lawsuit against him and his employer from people who lost money on GME. Finally, pretty much anyone can sue anyone in US. This does not mean that the lawsuit will be successful. IANAL again. ::) I'm all about using internet acronyms to avoid the wear & tear that leads to carpal tunnel, however, in this case I'd throw caution to the wind and spell the whole thing out. ;D Then again, YOLO...

Insufficient Karma is the excuse, but in reality, anything that isn't meme-worthy gets the banhammer. Try r/ValueInvesting.

It's uncanny. Like he's talking about me.

No position & no intention of one. Popped up in my Twitter feed about the same time this thread got bumped. Here's the full discussion from the originator of the idea:

I see net debt of $9.4m. What am I missing? Now I'm the shameless cloner. Your DD smells like DooDoo You're the 1st person to correctly uncover the real meaning of my username.

I see net debt of $9.4m. What am I missing? Now I'm the shameless cloner.

Ballantyne Strong $45M Mkt Cap $30M Cash $25M Public Equity Investments $13M Preferred Equity Investment and an operating movie screens biz that earned $8M in EBITDA in 2019 It would be amazing if a Buffett/Munger type took over and invested the equity cash. Idea courtesy of @jj_shipley

https://abcnews.go.com/International/wireStory/us-gun-maker-colt-bought-czech-company-75847772

I can't see it being Disney. They had one of the best brands around, but future cash flows are just way too hard to forecast right now, so I don't know how they would arrive at a valuation with any reasonable probability. I am a Disney shareholder (would not buy at today's prices), and I have no idea what the future of Disney is going to look like because it is still the early innings of DTC. I see multiple paths to significant monetization of their IP in the future, but there is significant uncertainty right now, and it's nonetheless getting Netlflix type multiples. It would shock me if Uncle Warren is a buyer right now. Yeah, I was really just illustrating a lost opportunity for WEB & for me. I bought DIS below $100 & sold when the pandemic started up, thinking I'd get a chance to repurchase.

Imagine, www.joshuakennon.com/warren-buffetts-12-billion-disney-mistake/ --- I dream of Apple + Disney

www.scmp.com/tech/tech-war/article/3120939/china-sucker-spending-billions-foreign-semiconductor-equipment

If only I could remove CLB & VDE from my signature. :-\

https://semiengineering.com/can-the-u-s-regain-its-edge-in-chip-manufacturing/ www.bloomberg.com/news/articles/2021-02-11/biden-team-pledges-aggressive-steps-to-address-chip-shortage --- This guy's a good follow: @FoolAllTheTime

I would give almost anything to have been a fly on the wall during this guy's charity lunch with Buffett. I can only imagine Warren's reaction. ;D ;D We are living through an amazing era. I just have to believe this "meme culture" philosophy will go down in history books and new versions of books like "a short history of financial euphoria" for future generations to study. This is what the fly saw.

Bought a full position of FMS on Monday. I'm trying to make up for selling Davita way too soon. Did what passes for DD with me (as usual) by reading various analyst reports, including Morningstar, and the following links. Looks cheap based on historical bitch metrics. www.fiercebiotech.com/special-report/fresenius-medical-care-acquires-nxstage-medical-top-10-medtech-deals-2019 www.fresenius.com/history --- One potential problem is overpayment for acquisitions. Looking at their history, they seem to have done well with their selections without becoming an egregious serial acquirer. There's a possible short term hit to revenues & earnings due to loss of patients from covid, and there may be controversy over their acceptance of government covid assistance. https://khn.org/news/business-is-booming-for-dialysis-giant-fresenius-it-took-a-137m-bailout-anyway/ --- Finally, my Mom is a patient of Fresenius. She used to be the hangar queen at a local hospital, and hasn't had a single stay since starting dialysis. FMS_????_34.05_2021-02.pdf

A week or so ago, I bought some Fairfax :P

My prediction is rolling right along at about the pace I expected.

Wow, BB increased a lot. https://shortdata.ca/largest-short-positions/

It'll be an interesting race with a lot of winners. I think the consumer stands to gain the most. www.bloomberg.com/news/articles/2021-01-13/iphone-assembler-foxconn-sets-up-auto-venture-as-apple-car-looms

From one of the horses mouthes, https://s23.q4cdn.com/799033206/files/doc_news/2021/02/Ford-Connectivity-Release-February-1-2021.pdf