lnofeisone Posted May 25, 2022 Posted May 25, 2022 On 4/8/2022 at 1:26 PM, lnofeisone said: Another binary trade. Vertex Energy - the company is doing 100% pivot from used motor oil refining to being a refinery producing renewable diesel. Shell is trying to become green and is selling an enormously profitable refinery in Mobile, Alabama. What does it mean for VTNR: -Revenue today is 120M or so and it will go to about (VTNR-guided) 2.5B (you are reading this correctly) and 200M in gross profit for FY22. They just closed the purchase of the refinery. -They are guiding to 3.5B in revenue and 400M gross profit for FY23 -They have offtake and supply agreements signed -EV is about 700M once accounted for all new debt -There is a 30% short interest in the stock Options are insanely priced but 10/17.5 2023 vertical spread will cost you 1.10. Some references: https://www.accesswire.com/671855/Vertex-Energy-Reports-Third-Quarter-2021-Results-and-Provides-Strategic-Update This spread went from $1.10 to $2.70. I sold half the position and will ride the rest into expiry.
Charlie Posted May 27, 2022 Posted May 27, 2022 Sold an underperforming fund of my parents and bought Apple shares.
bathtime Posted June 1, 2022 Posted June 1, 2022 6 hours ago, lnofeisone said: SNOW starter. Have you worked with SNOW’s tech, @lnofeisone?
lnofeisone Posted June 1, 2022 Posted June 1, 2022 1 hour ago, bathtime said: Have you worked with SNOW’s tech, @lnofeisone? Yes and would say their products are top notch, on their own or when compared to competition (I've worked with Databricks, Redshift, etc.). I am already down $4/share on my purchase but I'm comfortable scaling in as this keep dropping.
Gregmal Posted June 2, 2022 Posted June 2, 2022 Quadrupled my position in EPSN yesterday and today. Nice setup there.
lnofeisone Posted June 2, 2022 Posted June 2, 2022 1 hour ago, Gregmal said: Quadrupled my position in EPSN yesterday and today. Nice setup there. Not familiar with this one (and probably shouldn't be given how excessively overweight I am in energy). What's the set up here?
sfbm21 Posted June 2, 2022 Posted June 2, 2022 37 minutes ago, Spekulatius said: Added to DPW.DE / DPSGY yesterday. What is thesis here. Dividend? German govt ?
Gregmal Posted June 2, 2022 Posted June 2, 2022 13 minutes ago, lnofeisone said: Not familiar with this one (and probably shouldn't be given how excessively overweight I am in energy). What's the set up here? Underfollowed OTC stock that uplisted to Nasdaq few years ago. Super conservatively managed. No debt. Pretty much, but not quite a royalty company...they dont drill. Assets predominantly in Marcellus and operated by CHK. Latest update showed encouraging results in OK which should materially ramp the earnings. Selling from large shareholders putting a lid on stock. Company using this to repurchase shares. Large existing insider ownership. Current dividend yield is 3.5% which should only go higher. Check their May 31 release for latest updates but seems super low risk given the macro backdrop.
Spekulatius Posted June 2, 2022 Posted June 2, 2022 31 minutes ago, sfbm21 said: What is thesis here. Dividend? German govt ? DPW (DHL essentially) is a very cheap and well managed international logistics company. German government is not relevant here. Dividends and share buybacks provide a nice capital return.
lnofeisone Posted June 2, 2022 Posted June 2, 2022 55 minutes ago, Gregmal said: Underfollowed OTC stock that uplisted to Nasdaq few years ago. Super conservatively managed. No debt. Pretty much, but not quite a royalty company...they dont drill. Assets predominantly in Marcellus and operated by CHK. Latest update showed encouraging results in OK which should materially ramp the earnings. Selling from large shareholders putting a lid on stock. Company using this to repurchase shares. Large existing insider ownership. Current dividend yield is 3.5% which should only go higher. Check their May 31 release for latest updates but seems super low risk given the macro backdrop. Thanks and looks interesting. Feels like they are somewhat ahead of the curve without debt and already doing repurchases in the $7 range. Good floor for sure. They will also have a pile of cash come year end.
KPO Posted June 4, 2022 Posted June 4, 2022 A bit more AIV @ $6.20; Hopefully it will go sub $5.50 again so I can make more serious purchases.
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