I believe that bnb has access to revenues, all they need to do is find a way of turning a profit. They have been around forever, I have used them many times myself.
Why go public now? To cash out, that’s why.
Not on my dime.
I also would get in at a lower price, depending on how travel develops next year.
And re brk, yes that is why I would want it—it is one of the few things I could set and forget for a while.
Maserati wrote:
Yes I have been waiting. Almost pulled the trigger on a few in March, but capital was tied up. I would dearly love to get it half price, but how long to wait. Plus I already own AAPL.
Here;s a really spot-on article on Berkshire. Eye opening
https://www.barrons.com/articles/shares-of-warren-buffetts-berkshire-hathaway-still-underperform-why-its-time-to-buy-51607428811I think i will be adding to position, too, in the near future, in that i need to bias my portfolio more conservatively going forward.
But you are out of your mind, Igy, if you think of waitng for a 50% drop, Forget about it,
THat is like the price it was at maybe 7 years ago.
You will never get there, and if you did, you would be a fool to buy.
Because if the market did fall that much, buy stuff like Apple for outsized rebound gains, not a conservative stock. And if that stock alone dropped that much, run for the hills, it's probably dead on the vine.
I can see absolutely no sceneraio why someone would wait to buy it at half the price. Insanity.
My advice, dollar cost average building position. Good call, though, and i believe the article referenced is a strategy and premises i would believe in.
Maserati wrote:
I believe that bnb has access to revenues, all they need to do is find a way of turning a profit. They have been around forever, I have used them many times myself.
Why go public now? To cash out, that’s why.
Not on my dime.
I also would get in at a lower price, depending on how travel develops next year.
And re brk, yes that is why I would want it—it is one of the few things I could set and forget for a while.
my thoughts exactly on bnb, and i used them as well, at the boston marathon a few years ago to be exact (ok, shameless boast, hate on me!)
But i am afraid that with all the attention, price will not really drop. On other IPOs, yes they certainly do, but too much attention on this one and it is the water cooler conversation kind of stock that doesn't go out of favor.
Smallest of dips is my bet going forward but we shall see.
I would need to see a decent dip, because there are other things I would buy first, as far as money-losing companies go. Like tsla?
They face regulatory headwinds—although if/as travel rebounds, that might ease. Also they have had many years to figure out how to make money...they are a mature sort of organization. They have tried platform expansion and strategic partnerships, but no dice.
Maybe they just need to raise their price, and offer strengthened guarantees in exchange. Idk. They have huge global market penetration and, I believe (on little evidence) a loyal user base.
seattle prattle wrote:
Maserati wrote:
I believe that bnb has access to revenues, all they need to do is find a way of turning a profit. They have been around forever, I have used them many times myself.
Why go public now? To cash out, that’s why.
Not on my dime.
I also would get in at a lower price, depending on how travel develops next year.
And re brk, yes that is why I would want it—it is one of the few things I could set and forget for a while.
my thoughts exactly on bnb, and i used them as well, at the boston marathon a few years ago to be exact (ok, shameless boast, hate on me!)
But i am afraid that with all the attention, price will not really drop. On other IPOs, yes they certainly do, but too much attention on this one and it is the water cooler conversation kind of stock that doesn't go out of favor.
Smallest of dips is my bet going forward but we shall see.
Same with DoorDash. Lunatic IPOs are the order these days and venture capital investors are cashing out hard.
Btw there's talk that these insane IPOs are actually bad for the company itself.
Maserati wrote:
I would need to see a decent dip, because there are other things I would buy first, as far as money-losing companies go. Like tsla?
They face regulatory headwinds—although if/as travel rebounds, that might ease. Also they have had many years to figure out how to make money...they are a mature sort of organization. They have tried platform expansion and strategic partnerships, but no dice.
Maybe they just need to raise their price, and offer strengthened guarantees in exchange. Idk. They have huge global market penetration and, I believe (on little evidence) a loyal user base.
The operate a business under residential codes and that means residential only taxes. I really have a hard time believing that cities and states are just gonna let this ride without taking their share of the cut through the usual "every hand we can possibly fit into your back pocket" cookie jar bureaucracy.
Crazy like 1999. At least in 1999 no would would think of a SPAQ. Bet those come with a prospectus as thick as an IPO.
"Roblox decided to wait because of challenges arising from the first-day jumps, according to people familiar with the offering. When shares jump like Airbnb’s and DoorDash’s did, the companies miss out on billions of dollars they might have raised and instead hand it to select investors lucky enough to get IPO allocations. "
Idk if I really buy that but it's there. I also assume the whole point of those companies is so venture capital companies can fatten them up as much as possible before sending them to the Wall Street slaughterhouse. If that's not your destination then no one is gonna give you money.
And finally, money laundering just got tougher:
https://www.reuters.com/article/us-usa-congress-banks/u-s-congress-bans-anonymous-shell-companies-idUSKBN28L2NVDollar cost averaging! I’m talking about A??
Yeah I could afford a few, but??.
Funnily, I just heard a radio ad for Helzberg Diamonds, “a Berkshire Hathaway company”. Diamonds are a hilarious consumer scam, I wonder how the low-fi Helzberg-type market has done through covid. I assume not well—a discretionary “luxury” purchase for those with no real money. Stimulus checks probably went for CC payoff and beer instead.
BRK has been slow to rise, but fell precipitously in March to the point it was at something like 248k for the low. That asymmetry worries me. What I like is their apparent control over their investments, their recent divestiture of financials, and their seemingly utter conservativeness. Maybe I should spend the money on some aaa corporates instead.
Btw it’s great to be able to be on this thread while I poke around the innards of a malfunctioning amplifier that I already refurbished. Fun crappy winter day before dinner and after workout?
Ghost of Igloi wrote:
Crazy like 1999. At least in 1999 no would would think of a SPAQ. Bet those come with a prospectus as thick as an IPO.
SPAC*
And honestly it's not much different than the 1980s when everyone and their brother wanted in on leveraged buyouts
Racket wrote:
https://www.wsj.com/articles/affirm-postpones-initial-public-offering-sources-say-11607801619?mod=hp_lead_pos1"Roblox decided to wait because of challenges arising from the first-day jumps, according to people familiar with the offering. When shares jump like Airbnb’s and DoorDash’s did, the companies miss out on billions of dollars they might have raised and instead hand it to select investors lucky enough to get IPO allocations. "
Idk if I really buy that but it's there. I also assume the whole point of those companies is so venture capital companies can fatten them up as much as possible before sending them to the Wall Street slaughterhouse. If that's not your destination then no one is gonna give you money.
And finally, money laundering just got tougher:
https://www.reuters.com/article/us-usa-congress-banks/u-s-congress-bans-anonymous-shell-companies-idUSKBN28L2NV
I know, and i am not sure i buy it either. Do they hand the billions of dollars to the select investors? How does that work? Maybe i am missing something, but say it lists at $70, limit orders placed by the millions, and it opens at $140. The investor who does buy has bought it at no less that $140. per share. I don't see how that investor made anything when he bought at $140. No one bought it at less. ANd it closes the day at about that price.
AM i missing something?
Maybe the selector investors are the ones who got in pre-IPO, and there are those investors for sure, but not available to the retail market. Angel investors, too.
And make no mistake about it, the company still owns a lot of its own stock as do the insiders and options holders. Fat city for them.
Maserati wrote:
Dollar cost averaging! I’m talking about A??
Yeah I could afford a few, but??.
Funnily, I just heard a radio ad for Helzberg Diamonds, “a Berkshire Hathaway company”. Diamonds are a hilarious consumer scam, I wonder how the low-fi Helzberg-type market has done through covid. I assume not well—a discretionary “luxury” purchase for those with no real money. Stimulus checks probably went for CC payoff and beer instead.
BRK has been slow to rise, but fell precipitously in March to the point it was at something like 248k for the low. That asymmetry worries me. What I like is their apparent control over their investments, their recent divestiture of financials, and their seemingly utter conservativeness. Maybe I should spend the money on some aaa corporates instead.
Btw it’s great to be able to be on this thread while I poke around the innards of a malfunctioning amplifier that I already refurbished. Fun crappy winter day before dinner and after workout?
Rebuilt an amp?! How cool is that?!
I hobby in my home shop. No lack of things to do there.
Good recap of the year here, with lessons learned. Well, lessons taught but maybe not learned.
I knew all this and still panicked in March.
https://awealthofcommonsense.com/2020/12/my-2020-investing-lessons/
Racket wrote:
Ghost of Igloi wrote:
Crazy like 1999. At least in 1999 no would would think of a SPAQ. Bet those come with a prospectus as thick as an IPO.
SPAC*
And honestly it's not much different than the 1980s when everyone and their brother wanted in on leveraged buyouts
That is not comforting. On that topic, financial classic Barbarians at the Gate worth a read.
Lol idk about cool, but it’s fun. Got to flex some soldering muscle. I’m not great, it is an art, but I make do.
I have had some of the highest-end audio gear, but for my amp I keep returning to a 1970’s-era Phase Linear, aka “Blaze Linear”, or my favorite “Haze Linear”. It was the amp of choice for Pink Floyd, who had some dedicated techs who would literally cool the amps using a lot of dry ice.
I have improved it a bit myself, to protect my nice speakers, but there is a cult that has invented all sorts of improvements. It’s hilarious how nutty people get over these things. Just fun for me, like driving a classic car.
Btw treasury allegedly hacked.
Maserati,
My son’s company sells components for audiophiles. Sells this stuff all over the world, so evidently a lot of folks are into this.
https://www.cimarrontechnology.com/
Igy
Business must be slow, if he’s still living at home.
Maserati wrote:
Btw treasury allegedly hacked.
https://www.google.com/amp/s/www.cnbc.com/amp/2020/12/13/cyber-hack-on-us-treasury-by-foreign-government-.html
We have been warned that with as haphazard a transition as is occurring in the Executive Branch, to be on guard of security risks and opportune attacks. Then this, and the fact that Trump ceremoniously dismissed Chris Krebs, the cyber security guy, does not bode well for the WH. But a concern for the greater good seems less important these days than advancing Trump's personal interests.
Top company in the world for audiophiles, also sells to Los Alamos, and other defense contractors. I suppose upgrading older defense systems. Products basically allow old and new technology to talk to one another.