Gregmal

They beat Tesla to the flying car narrative. LOL this probably is not insignificant in terms of making the stock investable for the rerating. On a related note, the Mercedes EQS is stunningly gorgeous.

Yea I try to look at things as if you have a carpenters tool belt. In that belt is everything you need to handle the current market environment. You have your stock, bonds, derivates, etc. The key is finding the most efficient way to accomplish whatever it is that you are setting out to do. With DD, my objective was really just a drama free, better than average-ish large cap return. Sans the covid things, 50%+ in under a year is hard to argue with. But from here, if the goal is 10-15% of drama free return, theres plenty else like BRK or mf REITs where I think I can achieve that with much less risk. If my objective is playing DD for a rerating, then you can go up the chain, reducing your outlay while still having the trade on, just less exposure. GM is a perfect example of this. I held the stock for years. Had a negligible return but ultimately it was a waste of time. But the entire time there were rerating pitches and even in 2015 I remember hearing and seeing a credible path to $100. If AAPL can go from 12x to 40x in a few years, so can these things. I wouldn't be shocked if GM was $150 in a couple years should things get nutty. $4-5 for a call on that is free money if you do it enough.

I dont have a specific read here other than a general observation that Ive started to see with stuff like this, GM, etc. Kind of sleepy but decent companies showing signs of awakening. You can effectively remove the bulk of your position, free up most of the cash, and then go out the chain, 2022, 2023 with some OTM calls, for what I consider to be, peanuts. If my bull scenario plays out, the animal spirits may awaken these type of companies and in such a case they could easily rerate 2-3x higher over the next few years. A few weeks ago I re entered GM through some $50-60 2023 calls. I have nothing now, but was peaking around at the 2023 DDs as well. These things are NOT market resistant. We all see what they do when the market shits a brick. So basically being in cash with a call on ludicrous mode for pennies or dollars is IMO how I'd play it out.

So the folks associated with the incoming administration have a history of stealing things?

Wasnt this already tried and the government canned it? Or am I remembering something else?

I think this is somewhat interesting. They've taken measured steps towards becoming more shareholder friendly over the years, have my kind of balance sheet, and seem positioned to benefit from a recovery. Pay a respectable dividend as well. Thanks for bringing this up.

Found out my 98 year old grandmother will be getting the vaccine on Friday. She will be going with my aunt(her daughter) and uncle. Both of whom already got the vaccine. My aunt being a substitute teacher and my uncle being on the board of a hospital! Both when asked if they wanted it, retorted with "shouldn't other people get it first" and the response was that they just so happened to have them laying around, and someone needed to take them. What a remarkable rollout.

https://www.washingtonexaminer.com/news/andrew-cuomo-economy-reopen-coronavirus Who would have thought? Perhaps conspiracy theorists? Despite repeated cries from Fuuci about the worst being ahead of us....Cuomo is now looking to open NYC...does anyone know what changed in the past couple months? In related news, Chicago has also decided to suddenly re-open schools. Bizarre.

Usually the annual reports list property by property for the entities. Even if you just have a name you can typically parlay that with a Google search into an address and tax record filing.

Morguard Corp(MRC), and Morguard REIT(MRT) have all that stuff. North American(MRG) is pureplay residential and IMO the crown jewel that most people arent even aware of.

I'd throw MRG in there as well on multi family. Trades at half of NAV and 30% discount to historical average. Good yield. High ownership from Sahi; who is an incredible operator. Basically a Sun Belt hybrid with some exposure to the recovery areas in Canada as well.

Sold some MX. Paid down some margin. Started GILT.

In honor of the times, V for Vendetta. Classic.

Yea this one is a little gem. Ive owned it on and off over the years as its provided some really awesome trade opportunities, including during the recent covid crash, due to being somewhat illiquid. Incredibly well run. Dont have it anymore but see this and LGIH as part of the Sun Belt boom that will inevitably continue on.

Trying to get into some new shows I started watching Your Honor with Bryan Cranston. Big fan of some of his stuff and Showtime Ive found is top notch with premium series. It's horrible and sucks more than I could have imagined. Basically Death Sentence meets a low level crime drama with a lazy social justice message. Total letdown.

Interesting is that we have no problem accepting rolling out mail in voting ballots. You get a slip in the mail, bring it to your local polling station, cast your vote, and get your sticker. Meanwhile, for a vaccine, which should be the same exact process; IE here's your vaccine slip, bring it to the said location, exchange it for a shot and a stimulus check voucher....Nah, direct everyone to the outdated government websites that crash and lock people out when volume spikes 30% or more...then wonder why no one is getting vaccinated and places are throwing out vials because of the mishandling and lack of timely administration...total fucking idiots.

I agree, but dont get your hopes up. POTUS is obviously busy with other things, as is Congress. After all, they all got their shots already. Jokes on the average Joe, as it always is.

CDC now saying we could see a huge covid surge as a result fo the "riots". After nearly a year of hearing how "riots" were not believed to be causing any spread....what will they come up with next?

Someone should tell Cathy she needs to let the journalists and cameraman have "unprecedented access". One day there will be never before seen footage, and behind the scenes stories to be told via a remarkable, never before seen documentary. This is....The Last Dance.

I actually see this as one of the best short term, event driven trade setups out there right now. You have maybe 20-30% potential short term downside and 150%+ upside potential. If your risk tolerance is 100 bps(IE nothing), you can T up a rather meaningful position.

Yup. Bottom line is owning assets is better than not owning them. Many of the cash folks also seem to be worried about inflation too lol. Makes no sense. People always say shit like "price is what you pay..." or whatever and then refer to 1999 or 2008, but at this point many of them have been saying that, and been wrong for almost a decade, or put another way, 1/3 of the normal persons investing life cycle. I have over and over again found it prudent to be respectful of, but largely bet against "the exceptions to the rule" when it comes to investing because exceptions are rare and the closer we are to them the less likely they are to happen. You can hedge these exception to the rule risks quite easily and cheaply as well, further mitigating them. Its why 2011 Q3 was a gift(just using an example). Everyone thought it was GFC 2.0 and large scale defaults where just around the corner....they weren't. Because we just had that 2 years prior and everyone was prepared for it. Its why the fear of "the next wave" of covid never really materialized in the markets and kept people under invested... I say this as someone who is as bearish on some big parts of the market as Ive ever been, and have probably a 20% or so short exposure through various baskets and trades. But I also still have very reasonable long exposure. If you cant find anything to invest in for long period of time, you should just buy the index or ETF because the truth is that a reasonable market participant can almost always find something out there thats worth investing in. And yea, multi family REITs IMO are probably the ultimate cover all your bases, undervalued, will do well/get an adjustment multiple boost value play out there right now. Theyre a no brainer but people miss them because of false narratives and the fact that theyre also not going to be doing 50-100% in a year.

Why wouldn't all you greedy pigs just rush over to SVFAU which is only a 20% premium to cash and actually has a dude running it who knows how to bag tech stocks? 50% is insane if you are looking at a spac as a cash alternative, and especially so when you consider that Bill will almost certainly buy a real business. If you are just playin da momo, then I tip the hat and wish you luck.

California has been the most abusive and restrictive and yet leads the way in terms of being a total disaster from top to bottom. At least Nancy can get her hair done and Mr. Newsome and pals can do their fundraisers. The 49ers however, can not even play in an empty stadium. Common folks...stay at home chumps!

Rumors here lately are Stripe, Bloomberg again, Chic Fil A, and possibly the Capitol Building...the tension is building. Oh my! Still just short some puts. Otherwise, no position.

Got some LWACU