Daily General Discussion and spitballin thread - July 05, 2021 Investing |
- Daily General Discussion and spitballin thread - July 05, 2021
- Daily Advice Thread - All basic help or advice questions must be posted here.
- Anybody else tired of Oracles with 6 months experience?
- I read a macro paper about a 50-year market-beating strategy. Here’s my layman’s summary and analysis.
- Didi app suspended in China over data protection
- ELI5: IRR & ROI with an example
- How Diversified Are Your Investments?
- What is the difference between buying a Hong Kong listed Chinese stock vs an NYSE listed ADR?
- The Return of Panera Stock
- $MESA due diligence - airline industry
- surgutneftegaz pref 14,5% dividend oil company
- High Dividend ETFs have been a bad investment so far
- My 1yr returns using a synthetic long LEAP strategy.
- Foreign Investor with 0% Capital Gains Tax Shopping for ETFs
- SEC filings. are there four 10Q filings and one 10K, or three 10Q and one 10k?
- DD on TECO 2030 ASA // TECO-ME
- Rewarding myself for earning my investment goal real early
- Can I get more day trades having multiple accounts?
- Best unbiased finance news sources (for overall macro, sector-specific, actionable picks, etc.)?
- Questions about the discount rate effect and real asset effect.
- Privacy implications of linking my portfolio to Yahoo Finance, SeekingAlpha, or similar?
- What you think about investing in Epigenetics Industry? It is relatively new and with big growth potencial.
| Daily General Discussion and spitballin thread - July 05, 2021 Posted: 05 Jul 2021 02:01 AM PDT Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! This thread is for:
Keep in mind that this subreddit, and this thread, is not an appropriate venue for questions that should be directed towards your broker's customer support or google. If you would like to ask a question about your personal situation or if you are asking for advice please keep these posts in the daily advice thread as that thread is more well suited for those questions. Any posts that should be comments in this thread will likely be removed. [link] [comments]  |
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 05 Jul 2021 02:00 AM PDT If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources. Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! {{date %B %d, %Y}} [link] [comments]  |
| Anybody else tired of Oracles with 6 months experience? Posted: 04 Jul 2021 03:50 PM PDT I've been investing for more than 20 years. Have had moments of joy and pride about my stock/fund selections. Mostly I remember the times I got burned on sure things, tried to catch falling knives, had funds close and buy me out at the bottom of a cycle, have panicked and sold at the bottom, have put good chunks of my money in stagnant foreign markets and so on. Sometimes I even get surprised and see enormous growth on what I thought was my dividend play and see my growth play go down a spiral. I cannot for the life of me say that I'm a better than average investor. Now, having seen a probably unprecedented bull run for the last years ( except the very short correction March 2020) almost everybody who got in in the last years is seeing good returns. You have guys with less than a year in the market giving financial advice. Isn't that baloney? [link] [comments]  |
| Posted: 04 Jul 2021 09:31 AM PDT Hey guys - been doing a lot of reading recently and figured I should share some of the cooler stuff with the community. I whipped this up quickly but can do a more in-depth dive for this and other papers if there turns out to be interest. The paper is called A Half Century of Macro Momentum by Jordan Brooks of AQR Capital. They're a quant fund that runs a number of successful strategies. Nothing I say here is investment advice by the way, and I do recommend checking out the paper if interested. - - - Executive Summary (given in paper) I outline a systematic and diversified approach to global macro investing grounded in economic theory, and detail its performance over the last half century. The analysis shows that the strategy has the potential to deliver strong positive returns, low correlation to traditional asset classes across various macroeconomic environments, and to provide diversification in bear equity markets and rising real yield environments. This systematic global macro strategy appears to be a complement to other alternative risk premia — such as trend-following and long-short value, momentum, and carry strategies — and does not appear to be fully exploited by existing global macro managers. - - - My Summary (in layman's terms) Global macro is a type of investing that involves looking at macroeconomic factors, well, globally. These factors include stuff like unemployment, business cycles, interest rates, international trade, and monetary policy (actions of the Fed and central banks around the world). Global macro investors make predictions based on studying these factors to figure out their outlook for the economy, and invest accordingly. This means their investment universe is much larger than just stocks. They look at long-term government bonds, currencies, and interest rate-affected assets (like short term bonds). Momentum trading is a strategy that typically involves looking at trends in stock prices and assuming that those trends will keep on going for a short period. For example, if there is upward momentum on a stock, momentum traders want to get in now while it's still going up. Clearly, this is usually a short-term trading strategy. In a nutshell, macro momentum is a macro investing strategy that pulls from momentum strategies. Instead of looking at price trends, it looks at macroeconomic trends. It goes long (buys) assets that have positive macroeconomic indicators (explained below) and short (sells) if vice versa. The four asset types this strategy looks at are stocks, currencies, long-term government bonds, and short-term bonds (the paper calls this "global interest rates"). The four macroeconomic indicators this strategy looks at are business cycles (generally, how is the economy doing), monetary policy (what is the Fed doing, is it conservative or aggressive), international trade, and risk sentiment (are stocks going up or down). Exhibit 1: Summary of Macro Momentum Indicators Let's talk through how I think about this, starting with the column "Increasing Growth." If the economy is doing well, people have money, so they invest their money into stocks, making the outlook good for stocks. Stocks usually give more of a return than bonds, so their demand goes down, as does their price, making the outlook worse for longer term and shorter term bonds — I'm aware this isn't the full picture but it's how I think about it, bond folks please chip in if you'd like to add anything here. Growth is good for currencies as it is accompanied by more business and foreign investment, meaning more demand for the currency - the paper talks about the Balassa-Samuelson hypothesis here, which pretty much says countries with high productivity and therefore prices for tradable goods have higher prices for services too (developed countries vs. developing countries). Moving to int'l trade, this is captured by looking at whether the currency is depreciating (getting weaker, purchasing power decreasing) on a 1-year basis. Depreciating currency is good for stocks (because our currency is weaker compared to int'l currencies, our goods are relatively cheaper and there's more demand for them and the companies that sell them), bad for currencies (similar idea to momentum, if currencies have been depreciating, we expect them to continue), and bad for bonds and interest rates. For this last bit, here's how I think about it — if my currency is depreciating and getting weaker than other currencies, global investors don't want to be holding it (effectively, its "price" is decreasing). Something that makes a currency attractive is a high interest rate, so parking your money in that currency earns you interest, so a weakening currency's central bank has less incentive to decrease rates. The price of bonds and other interest rate products increases as rates decrease, meaning this environment/scenario is overall negative for bonds. Monetary policy, captured by looking at 1-year changes in the yield curve - this is where the x axis is the term of the bond and the y axis is the interest rate paid, it's usually upward sloping in a good economy and downward in a bad one. If the Fed gets tighter (money printer out of ink), this is bad for stocks and bonds because there's not as much money to go into these; and it's good for currencies because it decreases the money supply and increases interest rates (more int'l investment into our currency). Finally, the risk sentiment is captured by looking at 1-year stock market returns. Increasing risk sentiment is when the stock market has strong returns. This is good for stocks (momentum) and currencies (int'l investment into our stocks), and bad for bonds (who wants to invest in bonds when stocks are doing so well). - - - Creating a Macro Momentum Portfolio With this in mind, we now want to create our macro momentum portfolio. This will consist of a long-short portfolio (LS) and a directional portfolio (D) for each combo of indicators and assets. So there's four indicators times four asset types times two types of portfolios meaning we'll have 32 "sub" portfolios total that we'll then combine into the final macro momentum portfolio. LS — these are market neutral. This portfolio takes a long position in assets with favorable trends (above the average) and short for the assets with unfavorable trends (below the average). Because we're doing all this with the average in mind, there's a theoretical neutral exposure to the market, meaning this should perform despite market movements. D — these take long positions in assets with favorable trends and shorts in assets with unfavorable trends, meaning there's no computation of an average, and the portfolio can be long or short-exposed. So we have a LS portfolio for stocks using the economic growth (business cycle) indicator, a D portfolio for the same, an LS for stocks using int'l trade as an indicator, a D portfolio for the same, etc. Once we have the 32 total, he aggregate macro momentum portfolio is created by taking an equal weight across all 32 asset-indicator portfolios. It's easy to get lost in the specifics here, so I'll repeat what we're doing from a bird's eye view again. We're looking at 4 macroeconomic indicators from generally the past year, applying those indicators to 4 asset classes to make a table like the above, and then pretty much using those indicators to predict how the asset classes will perform over the next year. Rebalanced annually. - - - Performance This portfolio was tested from Jan 1970 to Dec 2016. That means it's seen the bear markets of 1987, 2000, and 2008, but not 2020. It's also seen recessions, wars, stagflation, and disinflation. Here are the results in a table: Exhibit 3: Macro Momentum Strategy Performance since 1970 Let's unpack this. Looks like a consistently market-beating strategy that is un-correlated with the stock and bond markets. One question you might have is, "if this is so good, why doesn't AQR just invest fully in it?" The best answer here is probably liquidity — as a fund with ~$150B in assets, it's impossible to employ your capital all in one strategy without affecting prices enough that you'd no longer be beating markets. Also, AQR's only been around since 1998, and although I'm sure they had this research in some way or another before the paper was published, it did just come out in 2017. The table shows a CAGR for the strat (without accounting for inflation) of 13%, compared to 8.41% for the S&P. It beats its composite assets' returns in rising yield and falling yield markets, in bull runs and bear markets (on average), and has a higher Sharpe Ratio than the S&P for the period (1.2 vs. around 1.0). It's non-correlated with bonds and has something of a negative correlation with stocks. Does the latter number mean it goes down when stocks go up, meaning it's gone down for the majority of the period. No. The paper calls the returns of the strategy a "smile" compared to stock returns. Here's a graph. Exhibit 2: Quarterly Returns, 1970-2016 When stocks are up, this portfolio is up a bit too (that's called a slightly positive beta). When stocks are down, this portfolio is up a whole lot (a very negative beta). On average, the portfolio has a slightly negative beta compared to stocks, as mentioned earlier. Thanks for reading. As I said earlier, I wanted to do a quick and dirty write-up since idk if this is something people want to read. If there's interest, I'll do more (will probably revisit this first, make the summary about 2x longer). Either way, seems pretty cool. I'm making an automated algorithm to track this strategy right now. Can't go tits up. [link] [comments]  |
| Didi app suspended in China over data protection Posted: 04 Jul 2021 06:08 AM PDT BEIJING, July 4 (Reuters) - China's cyberspace administration said on Sunday that it had ordered smartphone app stores to stop offering the ride-hailing firm Didi Global Inc's (DIDI.N) app after finding that Didi had illegally collected users' personal data. The Cyberspace Administration of China (CAC) said on its social media feed that it had ordered Didi to make changes to comply with Chinese data protection rules. It did not specify the nature of Didi's violation. Didi responded by saying it had stopped registering new users and would remove its app from app stores. It said it would make changes to comply with rules and protect users' rights. Didi's app is still working in China for people who have downloaded it already. It offers over 20 million rides in China every day, on average. Chinese regulators have tightened data collection rules for major tech firms in recent years. CAC on Friday announced an investigation into Didi to protect "national security and the public interest", two days after the firm began trading on the New York Stock Exchange. read more Didi, which offers services in China and more than 15 other markets, gathers vast amounts of real-time mobility data every day. It uses some of the data for autonomous driving technologies and traffic analysis. Founded by Will Cheng in 2012, the company has already been subject to regulatory probes in China over safety and its operating licence. read more Didi had set out relevant Chinese regulations in its IPO prospectus and said: "We follow strict procedures in collecting, transmitting, storing and using user data pursuant to our data security and privacy policies." [link] [comments]  |
| ELI5: IRR & ROI with an example Posted: 05 Jul 2021 01:29 AM PDT Suppose there is a fund that aims for a target return with an 11% IRR and runs for 12years. IRR is Internal Rate of Investment. First, is this aim the IRR averaged over 12 years? Since at first the IRR will be negative I assume? Second, what does this mean in practical terms and how does it differ from ROI? Can you illustrate through an example investment of 100K? How much will that be worth after 12 years with an IRR of 11%? [link] [comments]  |
| How Diversified Are Your Investments? Posted: 04 Jul 2021 10:46 AM PDT I am curious about how different people diversify and why they choose a certain way? Personally I am diversified among asset classes (securities, real estate, and a small position in crypto) but less diversified within an asset class. I think that's because it takes a lot of time and effort to find a good investment so when I do, I tend to stick with it. With securities I have had a lot of success with $SAVA. With real estate our local condo market has treated us well. I am too new to crypto to count any success yet but I am sticking to the big market caps. I would love to know how others diversify. [link] [comments]  |
| What is the difference between buying a Hong Kong listed Chinese stock vs an NYSE listed ADR? Posted: 05 Jul 2021 04:11 AM PDT For example for Alibaba, 9988 is the ticker on the Hong Kong stock exchange, whereas BABA is the NYSE listed ADR. 9988 trades in HKD and BABA trades in USD. I assume that there are differences in currency fluctuations (in regards to how the USD trades vs the RMB and how the HKD trades vs the RMB). However, what other differences are there? Do Hong Kong listed stock provide any additional protection from investors versus the NYSE listed ADRs? I'm assuming that in a black swan event of total US delisting of all Chinese stocks off American exchanges, the HK versions would still trade, though at a discount from present prices. If the Chinese government were to close the loophole of listing shell ADRs on American exchanges, would 9988 still legally be able to trade? (albeit at a discount again, due to reduced audience). Thanks for the help! [link] [comments]  |
| Posted: 04 Jul 2021 07:08 PM PDT As some of you may know, Panera (NASDAQ:PNRA) was acquired for $7.5 billion by an investment vehicle of JAB Consumer Fund and JAB Holding Co. in 2017. You may be familiar with JAB from their recent IPO of Krispy Kreme. Krispy Kreme, whether profitable or not, has seen some positive social sentiment for giving away free donuts for receiving your vaccine shot. Here comes Panera, giving away free bagels this weekend if you received your vaccination along with free coffee all summer from its subscription based model. If IPO'd, how many of you would buy this stock and if so why? Do you see them being profitable against the likes of Starbucks, Dunkin, and even McDonald's with its McCafé brand? [link] [comments]  |
| $MESA due diligence - airline industry Posted: 04 Jul 2021 04:22 PM PDT Company SummaryMESA is a regional passenger air carrier with destinations in 40 states and mexico. Their HQ is in Phoenix AZ. All of their flights are operated under American Airlines or United Express. Hubs in texas, Arizona, and D.C. They have 146 aircraft fleet, and on average have 373 flights per day. 52% of revenue comes from AA, and 48% comes from United. They operate the following aircraft: 54 CRJ-900s, 20 CRJ-700s, 2 737s, and 60 E-175s. Of these, 85 are owned and 61 are leased. Their capacity purchase agreements guarantee revenue from each aircraft on a monthly basis. These capacity purchase agreements are important in sheltering MESA from the volatility of the industry. The capacity purchase agreements are very important for their business. This allows MESA to collect a fixed, set amount of revenue per month per aircraft. As said before, this shelters MESA from a number of the risks in the airline industry, but is also a liability in the event that there is low demand for extra aircraft. I have never flown knowingly on a MESA plane, but they state that they lock the cockpit doors so their planes will probably not be used in a terrorist type attack. Management overview: The CEO has experience in airlines, but also breached ethical standards when he was a trader. I hate to see this and it always brings up the question - if he was willing to cut corners and break rules once, how can we know that he isn't going to or hasn't done it again? Not happy with finding out about this. The CFO has decent experience and has worked closely with the CEO for at least 20 years. Glassdoor shows that only 45% of employees approve of the CEO. There are reviews that state he has acted inappropriately, and implications that he directs those actions towards women. Really not what any company should have as a CEO, but boards are usually pretty terrible at controlling the CEO so this is probably what is happening. Company historyThey started in 1980. They used to have a much more diverse customer base than they do now, but it seems like most of their customers went out of business. They made a number of acquisitions over 40 years and were public before going private and then becoming public again in the 2010s. RiskThere is a very clear risk in MESA. They only have two main clients. If one or both of the clients leave MESA, they won't have any business. As a result, they are in turn very vulnerable to unfavorable conditions in the passenger air travel industry. They also carry a lot of debt (2x market cap), which would force them into default if they lose one of their clients. Its credit ratings are below investment grade. There is a low supply of pilots in the industry, and pilots are increasing demanding higher wages. Most of their employees are unionized (74.8%). Revenue Breakdown / Company segmentsRevenue was 506M in 2020. 276M of this came from AA, and 229M Came from United. All of the revenue generated comes from North America. Industry position📷 Compared to other airlines, MESA is very small. Their P/E, PEG, P/S, P/B, P/C, and P/FCF are all much stronger than the average airline. Their DE is around the average at a shoddy 1.4. They have very competitive ROE/ROA/ROI. Their gross margin is far below industry average, but their profit margin and operating margin are the best in the industry. They have no direct competitors, but indirectly compete with all other airlines through their capacity purchase agreements. Their market share is less than 1 percent. Company base statisticsMarket Cap: 332 M Total Debt: 732 M Cash & Liquid assets: 99.4 M Goodwill: None Equity: 458M Total Assets: 1.501 B Revenue: 545 M Earnings: 34 M Operating Cash Flow: 174 M Enterprise Value: 971 M Shares Outstanding: 35.7 M EV/Sales: 1.78 ROE: 7.42% Current Ratio: 0.44 Employees: ~3200 Employees - 1275 Pilots, 1118 Flight attendants, 52 dispatchers, 466 mechanics, 289 in administrative ** Recently had a negative ROA Overview/Growth and DevelopmentsGrowth:
Margins:
Net reinvestment:
Dividends:
Share buybacks:
Cost of capital: 4 % Costs:
Debts & Liabilities:
Assets:
WACC: 4.92% Long term growth rate: Probably none. A 0% growth rate is generous Legal:
Recent/expected developments: ValuationTheir Gordon model valuation is $0 for any expected rate of return. Their DCF intrinsic value is $20/share, giving a margin of safety of over 50%. This is to be taken with a grain of salt because they had recent FCF growth, and FCF is pretty much the only thing that grew. If I were to adjust this, right away I would deduct 80% of the value, which is my estimated probability that they will be forced into bankruptcy in the next 8 years. Adjusted, their intrinsic value is a measly $4/share, about 55% less than the current market price. Valuation Market ComparisonMesa looks great on the surface. They have good ratios, but the ratios are severely misleading. In reality, they are drowning in long term debt that is concentrated around 2022-2024 and 2027-2028. The airline industry generally offers around a 10-20% margin of safety. Compared to MESAs adjusted margin of safety of -55%, you would be much better off throwing your money into an airline index fund then concentrating capital into MESA. OpinionI would give MESA a weak sell rating until december 2021, and then downgrade them to a strong sell. Their debt alone has a stench that cannot be ignored even if it is coming from down the road. Would I hold this in my portfolio? Never. No retail investor should touch MESA with a ten foot pole. I admire the transparency in the 10k, but transparency should not make anyone ignore financial cancer. Notes and sourcesNotes: Note 1. I am not a certified financial analyst. Any opinions expressed in this analysis are solely my own and should not be interpreted as investment advice. Note 2. I do not hold MESA in my portfolio. This is early research I have conducted that may or may not result in me adding MESA to my portfolio. Sources: Their 10-K : https://www.sec.gov/ix?doc=/Archives/edgar/data/810332/000156459020057000/mesa-10k_20200930.htm (Contains good information about their operations and risk. It takes a while to be able to spot out important risk sections in 10ks but once you figure it out its very useful) Macrotrends (Better than SEC for fast long term data, sometimes inaccurate): https://www.macrotrends.net/stocks/charts/MESA/mesa-air/stock-price-history Glassdoor: https://www.glassdoor.ca/Reviews/Omnicom-Reviews-E1734.htm CIO Linkedin: https://www.linkedin.com/in/chadi-farhat-2b421a76/ Yahoo finance: https://ca.finance.yahoo.com/quote/MESA?p=MESA Finviz: https://finviz.com/screener.ashx?v=121&f=ind_airlines (relative analysis) Credit and general info: https://info.creditriskmonitor.com/Report/ReportPreview.aspx?BusinessId=3794 Fleet data: https://www.planespotters.net/airline/Mesa-Airlines CEO wikipedia: https://en.wikipedia.org/wiki/Jonathan\_G.\_Ornstein [link] [comments]  |
| surgutneftegaz pref 14,5% dividend oil company Posted: 05 Jul 2021 02:02 AM PDT I will tell you everything you need to know about the commodity market. There is such a special oil company in Russia - Surgutneftegaz (SNGS_p). It is one of the largest oil companies in the Russian Federation. The main areas of activity are oil and gas production, oil refining and retail sales. At the same time, Surgutneftegaz has not been considered by Russian investors as a purely oil company for many years. Since 2000, the company began to save money in dollars on deposits. At the end of 2020, their volume was about 3.7 trillion rubles. For comparison: the current capitalization of Surgutneftegaz is 1.6 trillion rubles. At the same time, the dividend yield depends on the revaluation of this dollar piggy bank. Upcoming dividends: 6.72 rubles (14.58% of the current price). Given the trends in the oil market, the systemic increase in energy prices and the increase in demand from emerging economies, this is a promising oil story and an interesting dollar hedge in case the monetary bubble bursts. Market Cap1.66T Dividend (Yield) 6.7(14.5%) P/E Ratio 1.89 (i think about 2.2 now) Gross margin TTM 89.55% Operating margin TTM 15.35% Net Profit margin TTM 69.09% Return on Investment TTM 14.14% Quick Ratio MRQ 6.7 Current Ratio MRQ 7.1 LT Debt to Equity MRQ 0.05% Total Debt to Equity MRQ 0.08% https://www.investing.com/equities/surgutneftegas-p_rts-financial-summary [link] [comments]  |
| High Dividend ETFs have been a bad investment so far Posted: 05 Jul 2021 04:41 AM PDT About ten years ago when I really got interested in money and investments, I was asking friends and looking at message boards for investment advice. Everyone told me to put most of my money in ETFs that had a higher than normal dividend yield. These ETFs were recommended and I was told they would give me a higher total return than a standard total stock market fund, like VTI, SPTM, or ITOT. So I invested over the last ten years much of the money I have in my Vanguard Brokerage Accounts in these high dividend ETFs and now after finding the Portfolio Visualizer website have determined I have lost nearly $100K in stock market gains by buying these high dividend ETFs-listed below- instead of a simple total stock market fund. (On average over the last ten years the high dividend ETFs returned about 25% less than a total stock market fund.) Here is the high yield ETF's I should not have purchased: NOBL HDV VIG SDY DVY VYM PEY SCHD [link] [comments]  |
| My 1yr returns using a synthetic long LEAP strategy. Posted: 04 Jul 2021 08:34 AM PDT Hey y'all after seeing this and this post I wanted to go over my returns employing this strategy for the past year. I've mostly employed the strategy on broad market ETF (VTI, XLK, XLC) but also on a few select stocks that I thought were good values (JPM my best performer so far). However, these excess returns are NOT without risk. As some have mentioned in the aforementioned posts the issue is, this strategy ties up A LOT of capital for ATM options (but not 100% as some people have suggested). If you plan on using this strategy it'd be wise to go slightly deeper ITM with the options and put up the extra collateral. Not only will the account have a lesser chance of blowing up but you'll also be able to sleep at night because you're account hasn't already blown up :) Alright well without further ado here's a performance report from my broker (IBKR) for my returns over the past year with this strategy:https://imgur.com/a/WSZyAtN All-in-all it's a fine strategy to employ if you're young and can afford the risk and capital reqs though i'd caution that it'd be more efficient in a non-taxable account if you don't plan to exercise on expiry [link] [comments]  |
| Foreign Investor with 0% Capital Gains Tax Shopping for ETFs Posted: 04 Jul 2021 10:24 AM PDT Hey all, For the past year, I've been investing in individual stocks, but have decided to throw it all into ETFs. The reason for this is because I've been spending way too much time on researching and managing my portfolio, and I want to put the "passive" back into "passive income". As a foreign investor, I am subject to 0% capital gains tax in the US. My country of origin also does not charge a capital gains tax below a certain minimum (which I am below). With that in mind, is there a specific ETF that you would recommend? Or does the absence of capital gains tax not change anything at all? If it helps, I am subject to a 30% tax on all dividends. Thanks in advance. [link] [comments]  |
| SEC filings. are there four 10Q filings and one 10K, or three 10Q and one 10k? Posted: 04 Jul 2021 11:16 AM PDT I cant seem to find the answer. but digging through company's filings, it seems to be like its the latter. if so, how can i find Q4 information if they only do a full year report for their Q4 fiscal year results? Do i just have to interpolate from Q1, Q2, and Q3 results? the reason why i am asking is becuase i am looking at Corsairs 10K. on news articles, it states that Corsair repaid back 50m in Q4, to bring up debt repayment total to 190m for the year 2020. however, i can only find that 190m has been paid for this year on their filings. And cant seem to find separate Q4 results [link] [comments]  |
| DD on TECO 2030 ASA // TECO-ME Posted: 04 Jul 2021 10:41 AM PDT Hi all, As i was looking in to the current market for hydrogen as a fuel for ships. I found out about Teco2030. I wanted to share a couple of my findings with you. Teco is a company that is focussing on the reduction of emissions within the shipping industries. The ultimate solution Teco sees for the shipping industie is the use of hydrogen based fuel cells. Currently Teco is working on the development of the Teco 2030 Marine Fuell Cell System. This system will provide a ship with an emission free propulsion. Teco has signed a letter of intent for the delivery of cells during 2022. TECO Marine Fuel Cell – Teco 2030 While the company is still starting and thus is burning money they already have products that can help both their environmental target and also provide some revenue. At this point Teco has 2 product ready for delivery: - Teco 2030 Future Funnel: This product provides a way to reduce emission. This product is developed to comply with not only existing, but even upcoming and far stricter regulations in the marine industry. TECO Future Funnel – Teco 2030 - Teco 2030 Balast water treatment: A schip carries ballast water to stabilize the ship and its cargo. In order to prevent invasive species end possible health issues, a ship's ballast has to be threated before being discharged back to sea. While existing ships are not yet required to do so they have to comply before October 2024. TECO Ballast Water Equipment Solutions – Teco 2030 TECO Is very new to the stock market and currently in no ETF abouw hydrogen (at least, what I could find). TECO 2030 aims towards an annual fuel cell production capacity of 400 MW in 2025 steadily increasing to 1.2 GW by 2030. Provided the current estimations for future sales prices and expected reached production capacity, this indicates annual revenues of approx. EUR 290 million in 2025 and approx. EUR 600 million in 2030. The EBITDA-margin is expected to be in the range of 10-15 % in 2025 and 15-20 % in 2030 TECO-2030-ASA-Q1-Report-2021.pdf (teco2030.no) With a current market cap of 860 million NOK or about 84 mill in EUR this can be a verry attractive stock in the near future. Just my opinion of course. [link] [comments]  |
| Rewarding myself for earning my investment goal real early Posted: 04 Jul 2021 06:14 AM PDT For hitting 10k in my Roth Friday, way head of schedule too! I plan on taking a grand from my savings when I hit 15k again and putting it to my Roth and opening a 3rd mutual fund or perhaps index fund, prolly an index fund, this post is about what you guys would recommend a 3rd holding be, I already hold anwpx and frdpx, I wanna go agressive so when the economy grows again the mutual funds will grow with it and earn a lot of money with it, I'm kinda wanting to open an index fund I'm considering fnilx as my next investment but I am curious to know what other people on this page are holding and what it's Been like for them, is anyone out there holding a growth mutual fund or a highly agressive index fund? Comment below the name of it if you've got suggestions and I'm gonna add it to the list of ones I'm gonna do research on! [link] [comments]  |
| Can I get more day trades having multiple accounts? Posted: 04 Jul 2021 10:30 PM PDT Hello I'm fairly new to the world of trading and was wondering, if I have an account on lets say for example, Webull and another account on Robinhood, Would i be able to do six day trades instead of just three also assuming both accounts are under my name. So is it possible ? and legal under trading laws? I've seen some places on the internet that say that you may not do over 3 day trades even if you have accounts on different trading platforms but I've also seen posts that say that you may do it so I am completely clueless and wouldn't want to break any trading law. Edit: forgot to mention the account I'm using has less than 25k dollars. [link] [comments]  |
| Best unbiased finance news sources (for overall macro, sector-specific, actionable picks, etc.)? Posted: 04 Jul 2021 05:20 AM PDT I'm firming up the news sources I'm going to use to inform my investment decisions. I know a lot of media entities have HF interests and shit, so which sources (and programs) should I use, for what? Currently just listening to Bloomberg Surveillance, look through WSJ, and the bloomberg website. Would also be helpful if you indicate which programs (i.e. if you recommend bloomberg), or there are actual analysts/columnists/etc. that are worth a follow due to how legitimate their news are (and hopefully, no outside controlling interests that would interfere). [link] [comments]  |
| Questions about the discount rate effect and real asset effect. Posted: 04 Jul 2021 08:10 PM PDT Hi, I came across this article from 2020 about inflation. And ive never heard some of these terms before. https://klementoninvesting.substack.com/p/inflation-and-the-1 Below is the part of the article im confused on. "But what sometimes gets forgotten in these calculations is that higher inflation also leads to rising interest rates. And rising interest rates mean higher discount rates for future cash flows. A simple analysis of the cyclically-adjusted PE-ratio as a long-term measure of valuation shows that there is a critical tipping point. Once inflation in the United States climbs above 4% to 5%, valuations of stocks start to decline. This is so because at these levels the discount rate effect starts to dominate the real asset effect (i.e. the adjustment of future income with inflation). In other words, inflation is good for stocks, but too much of a good thing will be bad for stocks." Is the author saying that inflation increases the discount rate (a higher discount rate indicates money will grow more over time due to a strong economy) which would help stocks? But if inflation hits 4-5% the discount rate would become a risk factor for stocks and real assets start to shine. Like houses, gold etc? Thanks for any insight into this. I think i understand what the article said but im not 100% sure. [link] [comments]  |
| Privacy implications of linking my portfolio to Yahoo Finance, SeekingAlpha, or similar? Posted: 04 Jul 2021 07:02 AM PDT Hi - I am wondering if anyone has looked into the privacy policies of stock tracking websites that offer to link with brokerage accounts. My brokerage account -- yours, too -- is a trove of marketable data! I fear a deluge of spam. On the other hand, alerts and convenient visualizations of my portfolio would be valuable to me. Are privacy practices the same across these tracking sites, or is there differentiation? [link] [comments]  |
| Posted: 04 Jul 2021 05:20 AM PDT If you google it you will see Epigenetics Market is expected to have a huge growth in the next 5-10 years. So I have been thinking about stepping in. I did a quick research about some companies in the field and so far this three companies catched my attention: Oryzon Gernomics, Inventiva and Epizyme. Oryzon Gernomics seems to be the one under the radar of most investors but with more interesting researchs and potencial successiful trials at the moment. What is your take? [link] [comments]  |
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