Spekulatius

How much can they charge /sqft renting part of the mall as warehouse? It’s a lesser use for sure. It also rounds counter network effects of a mall, if you rent out part of it for other purposes.

I recall when I moved to the US in 1997, I made photos (and wasted film) of sagging power poles and haphazard strung electricity wires especially in San Francsico because I honestly have never seen such a mess, except on a trip to Cuba. I still should have pics somewhere. My current nervy company is National Grid and when I moved to MA and rented an apparent back then, the power went out in March 2018 twice due to snow storms, the second time for almost a week. In March 2018 it was pretty cold and having no power and heat isn’t fun at all. When I bought my house here in The same area, a selling point for me is that the power connection is with an underground power wire coming from a main line. Also and interesting fact is that a town next to me (Groton, MA) bought back their distribution network from national Grid a while ago and currently, their electricity rates are some of the lowest in MA. Also, the grid seems we’ll make tainted and never experienced the outages that Nation Grid experienced during the same 2018 Episode. in fact, realtors use this as a selling point for houses there. In a world of low interest rates and apparent failure of good stewardship, I think it is an option for local communities to apply pressure to regulated utilities and buy back networks where intakes sense, imo. One can call this socialism, but in my opinion, with “great power comes great responsibility” and when a monopoly doesn’t meet the needs of the communities it serves , than I think it should be fair to take it back for a reasonable compensation of course. Now the Groton model may not work everywhere and there isn’t risk theta town mired in “power” politics will do even worse than a privately owned regulated utility. FWIW, I have no opinion on Eversource or NGG as an investment and don’t recommend shorting something for emotional reasons as well.

Well the Golf ID.3 is launching in Europe this year. Seems to be a bit on the expensive side and performance isn’t as good as the Tesla, but it’s definitely not vacporware. https://electrek.co/2019/12/13/vw-not-launching-id3-electric-car-us-demand-low/ BMW is due in 2021. Is have seen “Erlkönig” articles in German newspapers, so it shouldn’t be vaporware either. I think by next year, we should see some competition on the road. There are a bunch of other project in the Luxury class (Porsche etc) but those have limited appeal due to pricing.

Also this: FWIW, the speed of testing seems to vary a lot from state to state. In MA, my wife went to a testing station and got the results back in less than 24h. There are also CVS rapid test stations around that are even quicker.

STNG at $12.58, near the 52 week low ($12). The tanker thesis tanked

So we are back to, I love (or in this case a friend) buys the product, so the stock is a buy kind of analysis? I guess one shouldn’t overthink it nowadays.

Strictly from business perspective, a porn Star is likely cash flowing better than a prom queen. I would regard myself more inclined to invest in a porn star than in a prom queen.

Yes, mentioned likewise above. I don’t let long lead times discourage me any more since most things are coming much faster. It’s a godsend to have prime now, since it saves so many trips.. They probably should advertise: “America runs on Amazon Prime now!” And it would be somewhat true. It’s one of those stocks where intrinsic value has increased while a lot of their competition is on the ropes. Anecdotally, Amazon seems to have solved their delivery bottleneck issues, at least in my area. I have ordered various items recently and they are all delivered very fast - within 1-2 days. Also, the driver now seem to always send a pic of the package when they deliver. Before that was more hit and miss. FWIW, we were outside of the 1 day deliver zone (due to our somewhat rural location ) but it seems like we are now borderline in.

So it looks like BTI is back to a ~8% dividend yield. Has anybody any idea why this has underperformed compared to PM (it’s closest peer)? What I read seems to indicate that PM’s IQOS next gen smoker seem to do better in some countries (Japan) than BTI’s Systems (they seems to have 2 at least) so perhaps Mr Market thinks that PM/ MO will gain market share going forward. I do think that 10 years from now, the most common nicotine delivery method will move beyond the archaic smoking to a large extend. BTI should be in the game somehow, but the future may not look like the past.

Imagine running a pension fund in this scenario. Liabilities increasing by 15% annually and bonds get zip interest. There is no alternative but to yolo.

It looks like Bayer can settle most of the Roundup lawsuits for ~$10.9B, which isn’t an existential problem. The sale of their animal health division to Elanco will yield $5.17B plus Elanco shares worth ~$1.5B that will be sold next year. The EV is ~7x and debt is <3x which also seems manageable. Just eyeballing it, it trades at the same valuation than it did in 2015/2016 but their business is arguably better, since they sold/spun off commodity business like polymers. What is left is Pharma , AG chemicals/seeds and consumer health. Bayers Management isn’t great, but this should relate Unless they do something incredibly dumb again. Disclosure: no position yet. https://media.bayer.com/baynews/baynews.nsf/id/Bayer-announces-agreements-to-resolve-major-legacy-Monsanto-litigation?Open&parent=news-overview-category-search-en&ccm=020

Throwing a curveball here. I did a deep dive during lunch break 8) and checked out BXP and think it’s a better buy when comparing it to VNO Reasons: 1) pure office play, no crappy and likely permanently retail 2) BXP has outperformed on every time scale I looked at 3) The financial statements look cleaner and more straightforward to me. VNO’s my head spin with all those adjustments. 4) BXP is better diversified with large in Boston (~35% of assets, NYC ~25% , Washington, CA and others). I also think they almost anything will outperform NYC at this conjuncture. It is likely that BXP’s discount to NAV is less, but who knows. That alone is not a reason to prefer VNO if BXP is better in every other aspect. Perhaps I am missing something, but I like to do Stock A vs Stock B tests and kind of make Mental list which looks better and BXP does look better to me.

RAM is a commodity. That’s all one needs to know.

As a Portuguese I can say there was a huge heat wave last month and even though I drank more water than ever I still was dehidrated. Old people tend to dye a lot in this circumpstances. Also the lockdown delayed other diseases management, so we will also have increased mortality for that reason. COVID is under Control except for some places in lisbon and even there it has been falling. We do have mandatory masks in indoor places...until recently there were no covid patients in our local ICU for over 2 months. Interesting, thank you for providing the context. I would imagine dehydration/weather-related items are (partially) controlled for when computing baseline weekly death rates - but as you mention if there are other medical emergencies which were delayed due to COVID, that would not be controlled for. Actually, I was going to ask, "If there is a boardmember in Portugal or Spain..." but I mistakenly assumed there was not. Thank you for correcting my misconception! ;D Heat waves tend to cause excess death for older people in Europe ( and other risk factors that tend to overlap with CoVID-19 risk factors too ) because man homes don’t have air conditioning causing heat stress for people. The rest of Europe has a heat wave too and it probably kills more people than CoVID-19 right now. Germany right now has an awful heat waves that has been going on for weeks.

4. Is a great one for investing. It minimizes the number of decisions that one needs to make.

So they complain about the share price, have ~$3.5B in cash and spend $0.035B to buy back 1M shares in Loews stock. Thank you Mr. Tisch, that’s all we need to know.

I also believe that Intel‘s 10nm process is roughly equivalent to TSMC‘s 7nm process, as they define these differently. That’s not to say that TSMC doesn’t have an edge here, but it’s not as the “nm” delta suggests. Intel hasn’t applied EUV yet ( I think) and they may hit some limitations going forward, or perhaps have already.

But $AMD‘s narrative is better right now. $INTC is just a boomer tech stock.

PDLI ( thanks to wabuffo for the idea)

It should also be considered that the USD has devalued ~10% against most major currencies (EUR,GBP, JPY) and almost 20% against Gold since about May 2020 ( unfortunately I just have a small tracking position in IAU). Some of this is reversal of prior appreciation, but still.

[ ; - D ] ????

Most of the homes, especially in the Keys are built to avoid that. For instance where I'm at is roughly 8 ft above see level. And the units are an additional 10-12 ft elevated. Most of the complexes and homes look like the one in this link: https://blog.iese.edu/doing-business/2016/08/22/climate-change-and-the-florida-keys/ End of the day, if you are hugely concerned about global warming and not bullish on dredging/seawall type engineering solutions, its probably not the place to buy property. If you arent, there is hardly anywhere like it IMO, especially of you like fishing, scuba, island life, etc. So, Gregmal how much is the approx. property insurance ( including wind and flood) for your ~ 500k condo? Risk perception is subjective, but insurance rates aren’t, imo.

You seem to have limited knowledge of families... ::) Worst idea ever for non-trivial percentage of people. :-X +1, no +100000000000 That is just about the worst idea I've read here in a long time. +2. Never ever ( and I use this sparingly)

These chucks ( adapters) are used in machining ( CNC, waterjet etc) and this just has to be a very cyclical business. It is also likely to be competitive.

In my opinion, the one position BRK should Consider trimming is KHC. KHC seems like a secular loser that temporarily benefits from increased grocery demand. There wouldn’t be egregiously high taxes to pay either.