Value Investing Curfew for a Corporate Teenager? Tesla in June 2019 |
- Curfew for a Corporate Teenager? Tesla in June 2019
- What are your top 5 newsletters?
- Legacy Reserves(LGCY) Went Up 300% Yesterday On No Material Event!? What Happened?!!
- FTD Files for Bankruptcy, Will Sell Assets
- Stanley Druckenmiller at The Economic Club of New York June 3, 2019
| Curfew for a Corporate Teenager? Tesla in June 2019 Posted: 04 Jun 2019 10:48 PM PDT |
| What are your top 5 newsletters? Posted: 04 Jun 2019 07:14 AM PDT |
| Legacy Reserves(LGCY) Went Up 300% Yesterday On No Material Event!? What Happened?!! Posted: 04 Jun 2019 10:35 AM PDT Bain Creek, a 21% shareholder, has been buying up this stock in what could be described as a crazed frenzy. Apparently they tried to register as a direct record holder (why they are doing this now is a mystery, they have owned the stock for a few years now) but they claim the transfer agent failed to change the registry three times! They wanted to elect new members to the board, but apparently Legacy Reserves refused their request by citing an obscure bylaw in their articles of incorporation They have decided to just not vote at all in the upcoming Annual Meeting in the hopes that it will prevent Legacy from establishing quorum. The statement below is almost surely in response to this decision. DEF14A, May.20th Bain Creek aggressively accumulated in 2018, and at terrible prices — at least comparable to the price today — with dozens of form 4's filed in 2018. Looks like they got an okay deal with this buy, but this is just one of dozens. https://imgur.com/hvmUXDQ Board Members https://imgur.com/qAfG3dG Board Compensation https://imgur.com/qkuZhNw Long term chart As you can see in the chart below, the price skyrocketed yesterday. Why this happened is still a mystery his is the most recent news event preceding the price increase…Read more https://imgur.com/xQnvchw Screenshot of the news event Most recent 10-Q https://imgur.com/e42z132 Cash https://imgur.com/mKDNUtL assets https://imgur.com/xrVnW1E liabilities https://imgur.com/FvvFLy2 Stockholders Deficit They booked a gargantuan expense due to an implied loss incurred from a futures contract. The market was tanking last year, so basically, they just got a terrible price during a volatile market environment. As many of us remember, December was on pace to break the record for its worst month since the Great Depression, so you can give them a pass for that one. This is a non-cash expense, so expect the next earnings report to be much better [link] [comments]  |
| FTD Files for Bankruptcy, Will Sell Assets Posted: 04 Jun 2019 08:01 AM PDT |
| Stanley Druckenmiller at The Economic Club of New York June 3, 2019 Posted: 04 Jun 2019 08:16 AM PDT |
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