What are you buying today?

[Lance]

M - Macy's, Inc.

 

Thanks

Lance

[Lakesider]

Sold out relatively large position in PBY:GR bought a little STNE

[Gregmal]

Little bit of CWH. Purely a bounce trade. The business can be fixed and there is definitely enough hedgefund bagholders in this that I would not at all be surprised to see someone file a 13D on Lemonis; if nothing else, but for the free publicity.

[Spekulatius]

Added to DWDP. I believe the company trades at a substantial discount to the value of the sum of parts.

[Gregmal]

CLF calls

[boilermaker75]

Wrote BAC 30-strike May 10 expiration puts for $0.26 per share and May 17 expiration puts for $0.41 per share.

 

I got put to on my May 10 BAC puts. I already have a LTBH position in BAC, my third largest holding. So this put sale was strictly a trade. At the close on Friday I sold May 24 expiration 30 strike calls for $0.33 per share on these shares I was put to.

[Spekulatius]

DWDP and GOOG. I love the smell of Napalm in the morning.

[Gregmal]

More CLF, CRSP, EDIT, AAL, started MPC, bid in for CTO

 

 

[Lance]

AOS, GWW and MMM

 

Thanks

Lance

[Cigarbutt]

More CLF, CRSP, EDIT, AAL, started MPC, bid in for CTO

I can't figure out how to make money with CRSP and EDIT but found the following useful as it covers (the basics) the playing field.

https://www.cbinsights.com/research/what-is-crispr/

[Gregmal]

More CLF, CRSP, EDIT, AAL, started MPC, bid in for CTO

I can't figure out how to make money with CRSP and EDIT but found the following useful as it covers (the basics) the playing field.

https://www.cbinsights.com/research/what-is-crispr/

 

Thanks. Its tough, and really nobody knows for certain with anything in these fields, but its also something very unique and for me at least, a worthwhile speculative allocation. There are winner take all elements to this and of the three public options, I've only really been able to determine a couple things for sure. CRSP will be first to market, EDIT has the strongest and most diverse patent portfolio and will be second to market, and NTLA is basically behind everyone in both cases.

[Guest cherzeca]

anyone sniffing aapl?

[Spekulatius]

More CLF, CRSP, EDIT, AAL, started MPC, bid in for CTO

 

MPC is quite interesting from a value POV. Their cash flows that can be used for buybacks or dividends  exceed their earnings due to the cash stream from the MLPs.

[HalfMeasure]

anyone sniffing aapl?

 

Not yet, would like to see it lower given the app store news. Do you have a view on the app store antitrust concerns?

[Gregmal]

More CLF, CRSP, EDIT, AAL, started MPC, bid in for CTO

 

MPC is quite interesting from a value POV. Their cash flows that can be used for buybacks or dividends  exceed their earnings due to the cash stream from the MLPs.

 

Twas the toast of the town, best of breed, sector champion maybe a year ago...now its poo poo. I don't see much that has changed to warrant such sentiment shift.

[Lance]

M - Macy's, Inc.

 

Thanks

Lance

[frommi]

JUN 2020 TSLA PUTS 10$ for 0.25$ and 50$ for 2.37$. I think the bankruptcy risk for Tesla is massivly underpriced in these options. But maybe i am just to stupid to understand this.

[Spekulatius]

More CLF, CRSP, EDIT, AAL, started MPC, bid in for CTO

 

MPC is quite interesting from a value POV. Their cash flows that can be used for buybacks or dividends  exceed their earnings due to the cash stream from the MLPs.

 

Twas the toast of the town, best of breed, sector champion maybe a year ago...now its poo poo. I don't see much that has changed to warrant such sentiment shift.

 

Me neither. Bought a starter today and will see how it goes. I have owned it way back in the past at the spinoff before the shale oil boom became a buzzword and sold it too early then. Thanks for posting.

 

I also bought some MSM. Arguably not super cheap, but I like the company and the management and I think it’s a good business.

[Castanza]

JUN 2020 TSLA PUTS 10$ for 0.25$ and 50$ for 2.37$. I think the bankruptcy risk for Tesla is massivly underpriced in these options. But maybe i am just to stupid to understand this.

 

That seems quite "ballsy." How large of position did you take if I might ask?

[frommi]

JUN 2020 TSLA PUTS 10$ for 0.25$ and 50$ for 2.37$. I think the bankruptcy risk for Tesla is massivly underpriced in these options. But maybe i am just to stupid to understand this.

 

That seems quite "ballsy." How large of position did you take if I might ask?

 

0.5%  :o

But i am also short TSLA call spreads and long a 200$ put since some months, so my whole TSLA short exposure is larger. I think my max loss from the current point is somewhere around ~10%, my max gain ~25%.

[brycepeterson]

Atlantic Power (AT) at $2.50 per share or lower ($2.30's currently).  $3 per share easy; $4-$5 in two to three years.

 

AT is an electricity producer.  Owns power plants and sells the electricity it generates.  (Natural gas, hydo, solar, coal)

 

Story is FCF all being used for debt pay down.  CEO and management team excellent (read the shareholder letter).  FCF's out to 2022 per power purchase agreements = excellent FCF yield to Enterprise Value. 

 

Upside: FCF estimates do not include any recovery in wholesale power prices (currently depressed).

[Guest cherzeca]

JUN 2020 TSLA PUTS 10$ for 0.25$ and 50$ for 2.37$. I think the bankruptcy risk for Tesla is massivly underpriced in these options. But maybe i am just to stupid to understand this.

 

That seems quite "ballsy." How large of position did you take if I might ask?

 

0.5%  :o

But i am also short TSLA call spreads and long a 200$ put since some months, so my whole TSLA short exposure is larger. I think my max loss from the current point is somewhere around ~10%, my max gain ~25%.

 

problem is that even with bankruptcy common will be priced beyond value. if it happens pounce before the bounce

[brycepeterson]

Correction to my Atlantic Power (AT) above:  Biomass is its fourth power plant type, not Solar.

[gjangal]

ADBE, DG and UNH. Not exactly cheap but they are just good companies to have for the long term. Will add more if any dips happen

 

[SafetyinNumbers]

It’s been almost a year since the below post and I’m still waiting for Uranium to get moving.

 

I bought some NXE, CCO, and EFR.DB today.

 

This second half of this podcast by Mike Alkin who is a former hedge fund manager and now runs a Uranium dedicated fund sums up the bull case quite well.

 

http://themikealkinshow.curzioresearch.libsynpro.com/stop-looking-at-your-stock-screens-for-great-ideas-do-this-instead-ep-60

 

 

I bought some EFR.DB-TSX yesterday.

 

It’s a pretty interesting piece of paper to have access to a potential Uranium bull market while getting paid to wait. Maturity is Dec 2020, strike is C$4.15. Implied vol of the outstanding warrants is over 60% while the debs trade at par.

 

The debt issue is also a small part of the capital structure and I don’t think they will have a problem raising money but of course I think the debs could be a multibagger.

 

So from what I can tell, the interest rate on the debs varies between 8.5-13.5%, depending on the (weekly) spot market price of uranium oxide. Management doesn't expect the price to exceed 54.99 by 2020, the price above which the interest rate increases (and price is currently at 22.75$, from Google).

 

Any reason to be optimistic about a bull market in uranium?

 

Yes, I think so. The current Uranium spot price is too low for anyone to make money. Most producers locked into long term contract pricing much higher than spot which are expiring over the next few years. In response, Cameco and other large producers have decided to cut production and use existing inventory and buy in the spot market to fulfill production in order to preserve their resource for higher prices. Utilities will have to negotiate contract pricing soon and it will likely come in well above current prices. It’s a classical deep cyclical play that is complicated by an opaque market, two tiered pricing and extremely long lead times.

 

I bought more yesterday with the stock surging higher and a holder of the debentures being forced to sell for what I can only assume are liquidity reasons.