johnny Posted March 23, 2020 Share Posted March 23, 2020 lol congrats to whoever went to the trouble of keeping that bid out there Link to comment Share on other sites More sharing options...
EricSchleien Posted March 23, 2020 Share Posted March 23, 2020 lol congrats to whoever went to the trouble of keeping that bid out there Seriously ;) Link to comment Share on other sites More sharing options...
BG2008 Posted March 23, 2020 Share Posted March 23, 2020 Okay, I'm going to put in some bids at some ridiculous prices now Link to comment Share on other sites More sharing options...
Spekulatius Posted March 23, 2020 Share Posted March 23, 2020 Down 50% today?? I think it was a margin call. I picked up some at $1410 (my stinker bid) but wasn’t quick enough to get more. The guy who scoreD some at $1025 got a price that is better than during the GFC, especially if you adjust for the value created since then. Absolutely crazy. Link to comment Share on other sites More sharing options...
bskptkl Posted March 24, 2020 Share Posted March 24, 2020 Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025. Dang - didn't have any bids out there. Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25. What's up in deep dark value land? Link to comment Share on other sites More sharing options...
Spekulatius Posted March 24, 2020 Share Posted March 24, 2020 Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025. Dang - didn't have any bids out there. Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25. What's up in deep dark value land? Lack of buyers , some forced selling. It’s the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot. According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isn’t a good deal. Link to comment Share on other sites More sharing options...
Spekulatius Posted March 24, 2020 Share Posted March 24, 2020 Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025. Dang - didn't have any bids out there. Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25. What's up in deep dark value land? Lack of buyers , some forced selling. It’s the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot. According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isn’t a good deal. Up 77% today to $1822 #feelsbadman for the forced seller yesterday. Crazy. Link to comment Share on other sites More sharing options...
BG2008 Posted March 24, 2020 Share Posted March 24, 2020 Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025. Dang - didn't have any bids out there. Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25. What's up in deep dark value land? Lack of buyers , some forced selling. It’s the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot. According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isn’t a good deal. Up 77% today to $1822 #feelsbadman for the forced seller yesterday. Crazy. Best performing name in my portfolio for the day! I think between LAACZ longs, dividends, and the Public Storage puts that are up 17x or whatever, I may actually be net zero on my self storage investments this year. Link to comment Share on other sites More sharing options...
Spekulatius Posted March 24, 2020 Share Posted March 24, 2020 Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025. Dang - didn't have any bids out there. Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25. What's up in deep dark value land? Lack of buyers , some forced selling. It’s the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot. According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isn’t a good deal. Up 77% today to $1822 #feelsbadman for the forced seller yesterday. Crazy. Best performing name in my portfolio for the day. I think between LAACZ longs and the Public Storage puts that are up 17x or whatever, I may actually be net zero on my storage investments this year. Well it was the worst performing name in my portfolio yesterday and the best performing today. Link to comment Share on other sites More sharing options...
EricSchleien Posted March 24, 2020 Share Posted March 24, 2020 I find it weird the company doesn't break out opex. Does anyone have any idea about the breakout? Has anyone ever spoke to management about this? Link to comment Share on other sites More sharing options...
EricSchleien Posted March 27, 2020 Share Posted March 27, 2020 I find it weird the company doesn't break out opex. Does anyone have any idea about the breakout? Has anyone ever spoke to management about this? Bumping this. Any of you guys know the break out of opex? Link to comment Share on other sites More sharing options...
BG2008 Posted March 31, 2020 Share Posted March 31, 2020 Someone got lucky and got a fill at $1605 today, 1 share Link to comment Share on other sites More sharing options...
EricSchleien Posted March 31, 2020 Share Posted March 31, 2020 Someone got lucky and got a fill at $1605 today, 1 share Wow that was you...preventing me from hitting my 1,600 bid today. So rude! LOL Link to comment Share on other sites More sharing options...
LC Posted March 31, 2020 Share Posted March 31, 2020 BG to Eric: Link to comment Share on other sites More sharing options...
BG2008 Posted March 31, 2020 Share Posted March 31, 2020 Link to comment Share on other sites More sharing options...
johnny Posted March 31, 2020 Share Posted March 31, 2020 Maybe everybody in this thread should go in on a partnership to establish some god damned BIDDING DISCIPLINE. Some of us are waiting for blood in the streets and SOME of us are running around with tourniquets. Link to comment Share on other sites More sharing options...
EricSchleien Posted March 31, 2020 Share Posted March 31, 2020 That's what they all say. Either way, #jelly Link to comment Share on other sites More sharing options...
Spekulatius Posted April 4, 2020 Share Posted April 4, 2020 LAACZ - annual report is out. Solid results for 2019 and the balance sheet is ready for what 2020 will bring: https://backend.otcmarkets.com/otcapi/company/financial-report/243339/content Link to comment Share on other sites More sharing options...
bskptkl Posted April 5, 2020 Share Posted April 5, 2020 They bought back 125 shares at average price of $2304 per share so far in 2020. Link to comment Share on other sites More sharing options...
EricSchleien Posted April 20, 2020 Share Posted April 20, 2020 Just a reminder to unitholders - the Annual Meeting is today (broadcasted online) at 3:00 pm Pacific Time. I'll be on! Link to comment Share on other sites More sharing options...
Spekulatius Posted April 20, 2020 Share Posted April 20, 2020 Just a reminder to unitholders - the Annual Meeting is today (broadcasted online) at 3:00 pm Pacific Time. I'll be on! Unfortunately, the snail mail arrived way too late for me to go through the convoluted sign up procedure. Hopefully, someone write up a short summary of the shareholder meeting. It would be very much appreciated. Link to comment Share on other sites More sharing options...
EricSchleien Posted April 21, 2020 Share Posted April 21, 2020 Just a reminder to unitholders - the Annual Meeting is today (broadcasted online) at 3:00 pm Pacific Time. I'll be on! Unfortunately, the snail mail arrived way too late for me to go through the convoluted sign up procedure. Hopefully, someone write up a short summary of the shareholder meeting. It would be very much appreciated. you didn't miss much Link to comment Share on other sites More sharing options...
EricSchleien Posted June 18, 2020 Share Posted June 18, 2020 Scooped up another unit today Link to comment Share on other sites More sharing options...
Williams406 Posted June 18, 2020 Share Posted June 18, 2020 Way to go. Watch those position limits, though. Link to comment Share on other sites More sharing options...
capitalg Posted June 19, 2020 Share Posted June 19, 2020 Way to go. Watch those position limits, though. What do you mean by position limits? Link to comment Share on other sites More sharing options...
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