`Option’ Stock Ideas

[TrashIsCash]

I am looking for ideas for companies that are priced like options (not stock options themselves).  EG, they will either go to zero or will be up 5X+ and not much in between.  For example, some of the lower-quality mall REIT’s are priced like they are going BK tomorrow.  If they are able to sell a some non-core assets to raise cash or if the malls re-open, the upside could be huge.  If malls stay closed for a while longer, these companies will default on their debt and the equity will be wiped out. 

 

I’m thinking of WPG & PEI. 

 

Thanks, Peter

[bskptkl]

EMGC?

https://s3.amazonaws.com/cdn.irdirect.net/PIR/744/4278/EMGC%20investor%20deck%20March%202020%20FINAL%20FINAL.pdf

Write up back in August on VIC so publicly accessible.

They have economic interest in 500+ life insurance policies totaling over $2B in death benefits (almost $5 million average payout per policy). The average age of the pool is 85.

There is a bunch of debt and the carrying costs of the policies are high.

It has doubled from 20 cents to 40 cents.

[Tompety03]

TrashIsCash - I was thinking about this recently as well. Although I do not have specific names yet, I was considering buying a basket of small caps that have been hit the hardest (leveraged within travel/financial).

 

Chris