Castanza

Great discussion, thanks for posting - 85% of shipping is controlled by three ‘alliances’. Hello oligopoly - it will be very interesting to see how the current pricing environment affects Seaspan. - the small amount of their business that is not on long term contract should be doing well given the spike in pricing - as contracts roll off, if spot pricing remains elevated, it makes sense new contract prices should tick higher - will much higher spot prices make acquisitions of new vessels more difficult? This could slow growth at Seaspan. - Seaspan looks to be in the sweet spot size wise (10 - 12,000 TEU vessels). What’s interesting about the shipping industry compared to others is how well you need to predict future demand. For example he was talking about how these shipping companies aren’t building bigger ships to account for the increased demand. Why? Because they recognize it’s likely not permanent. Ships are expensive and take a very long time to build. So you’ve really got to gauge that cash flow appropriately. It’s not like UPS where you can go rent a bunch of U-hauls for the busy season and call it a day. I guess this makes sense why he though the industry might be moving back towards mid sized ships. Large ones are less flexible functionally, efficiently and operationally which carries more negatives than positives. At least, that is what I gathered from his discussion.

Great discussion, thanks for posting

Seems like a pretty crazy situation. Thoughts on how this plays out?

One mans experience is not the majority’s. This is a bit fear “mongerish” and covertly political. My uncle a 65 year old brick layer who has had two back surgeries, one knee replacement, a heart stent and Rheumatoid Arthritis for the past 10 years has covid last month. Kicked it in 6 days with no lasting effects (known to him). Lost his taste and smell and had a migraine most of the time. He was a checkbox for many co-morbidities but seemingly wasn’t phased. I guess the scariest part is there is no way to know how it will affect you personally.

With that IV it looks like it will be tough to make any solid returns.

https://twitter.com/mrs_skilling/status/1352679717137076224?s=21 LOL would be funny if this was real. Also, it looks like BB might be next on the radar for r/wsb. You FFH boys might be in for an early Christmas present

Citron messed with the wrong people. Edit - PLTR is also up ~15% today. Meme investing beats value investing. Pure insanity....Does Burry still hold a position in this?

I agree with the above. Hard to believe the culture is that bad there that they need to bring people out of retirement. The New CEO was a good move but I was hoping for someone a bit more exciting. If you can't attract young talent then you'll have issues for quite some time. I'll be selling out today and taking what little profit I can get. Simply put there plenty of better values out there.

ATCO

Why do you have to ruin my morning after a glorious night of sleep, an awesome bodyweight routine, and an amazing Peloton ride while listening to MOI? Why? Why? ;D Kab60 tl;dr "Are you suuure you want to eat that second donut?" Castanza, Come ruck with me on the beach by my house! Only if you supply the matching Rocky Balboa grey sweatsuits ;D

Why do you have to ruin my morning after a glorious night of sleep, an awesome bodyweight routine, and an amazing Peloton ride while listening to MOI? Why? Why? ;D Kab60 tl;dr "Are you suuure you want to eat that second donut?"

“That’s a bold move Cotton” https://www.reuters.com/article/us-usa-biden-keystone/biden-to-cancel-keystone-xl-pipeline-permit-on-first-day-in-office-cbc-idUSKBN29N00A

Nibbled some WFC and ATCO

To your last point, that is what was leading me to dig in a bit. Thanks for sharing

ATCO, PCYO, PBCT, WFC

By all means dismiss it haha. I was just poking around in some random ideas to see what else is out there. Not a real estate expert by any means. I was hoping you would comment on this actually :P. Thanks for the insights

He's completely nuts, so why care what he does? In other words....."He's a conservative" ::) Can't discuss his investment decisions because of his political ones?

Has anyone looked at European REITs? Some of these seem really cheap still. Full disclosure, I am not familiar with tax implications of these as a US investor so I will defer to others on that. Example: GFC Gecina SA (Paris proper REIT) Quick Glance 9.3B mkt cap 52wh: 178.00 Current: 125.00 Book 0.7 P/E 8.7 ROE 8.5% D/E 1.6 EPSG 43%

33% (Switched Brokers so + or - a 1%) Sold a handful of positions way too early (UPS), but also had some great luck with options this past year. RTX, GOOG (options), PNC, TPL, and a few others were my top plays. I built up my portfolio with a lot of value (imo) so I'm hoping to see some benefit in the coming years.

It’s what you would expect if r/wallstreetbets hired a professional PR firm to handle marketing.

Yes, recharge stations will be required, but possibly not at many as people think. For the typical guy who drives to work and back home every day, stops at the grocery store, and then drives his kids to soccer after supper, he already has plenty of battery capacity for daily use. When he gets home from the kids' soccer, he'll just plug his car in from his house electricity and he'll be ready to roll again the next morning. With this type of use as his primary pattern, his behaviour will change from stopping to buy gas once every 10 days or two weeks to instead plugging his car in overnight at home once every 3 or 4 days. The only time when range might be a problem for him will be on weekend trips out of town, or longer vacation trips. Instead of going to the gas station 25 to 40 times per year (ie, every 10 days or two weeks), he might only use a paid-recharge facility 10 or 12 times per year when he exceeds his car's range. There is, however, a group that will be dependent on paid-recharges, and that is people who are living in houses and apartments without private parking. The people currently using on-street parking cannot simply park their car in their garage or on their driveway and plug their car in overnight. In some municipalities these people who do not have private parking spot are not numerous, but in other municipalities such as Montreal, there is heavy reliance on on-street parking. With current technology that requires perhaps 30 minutes for a basic recharge, I don't view existing gas stations as a model that can shift effectively into electric. The better model would be McDonalds, Starbucks, Dunkin, etc partnering with some outfit to electrify their existing parking lot. So, if you imagine yourself taking a trip that exceeds your car's range, you've probably already driven for 4 hours and you need to take a break to drink a coffee, or eat a burger anyway. So you just plug your car in while you take your break. You probably wouldn't at all want to pull into a Shell station, plug your car in and then twiddle your thumbs for the next 30 minutes. But, all of this is a reflection of current battery capacity and current charging times....all of that could be drastically different in five years. However it evolves, the gas station/convenience stores are in a bit of long-term trouble. They make their money from the traffic of people buying gas, not from the gas itself. The price of gas is ridiculously competitive so the margins aren't great, but they just hope that you'll buy a pack of smokes, a couple of lottery tickets and a gallon of windshield washer fluid while you're stopped for gas (the margins *are* great for those items!). When they lose the traffic from the gas re-fills, are all of those convenience stores viable? I don't think so, but time will tell. SJ This is a pretty good framework. assume fewer, but longer stops reg cars and make sure it is worth it. It could see something like Cracker Barrel doing very well if they add charging stations in their parking lots, as ther restaurants are already destinations in a way. Same for McDonalds or open air shopping centers close to highway exits that offer a variety of options to keep folks entertained for the duration of the charge. Smaller standalone convenience stores may suffer loss of traffic though. Didn’t Cracker Barrel start as a gas station? Or they at least offered gas at one point in time.

You couldn’t find ammo 10 months ago when the pandemic started. Too bad I lost all mine in that boating accident.

Isn’t the cap still 6k? In other words, you can have both a Roth and traditional it’s, but the max contribution is distributed across both.

;D I hear it works on Wall Street! https://www.bloomberg.com/news/articles/2020-11-24/u-s-bankruptcy-tracker-march-of-the-zombies-is-coming-soon Here's a Bloomberg article that discusses 2020 being the worst year since 2009 for numbers of bankruptcies for firms with greater than $50 million in liabilities. Seems like rent/mortgage deferrals, PPP loans, EIDL loans, etc really did help small businesses stay afloat temporarily. But how many can remain that way in 2021 without that ongoing support? According to U.S. Bureau of Labor Statistics, 20% of small businesses fail within the first year and 33% make it to year 10. So many nuanced variables that will have drastic impacts on the outcome of small businesses in this environment. I imagine the bankruptcy numbers will increase substantially post covid. Even with ongoing support, it feels like a death by 1000 cuts. If consumers are slow to pick up the reigns post stimulus, I think a lot of owners will simply not bother with the effort and hang it up. This could change the appetite to start or own small businesses. At least in the short term 1-5 years.

Michael Burry had an interesting tweet this today. https://twitter.com/michaeljburry/status/1346565099750793217?s=21 Claim was 529k company bankruptcies in 2020. Apparently that is a 35 year low. When the cocaine wears off....