BG2008 Posted July 29, 2020 Share Posted July 29, 2020 Title says it? Thoughts? Link to comment Share on other sites More sharing options...
rb Posted July 29, 2020 Share Posted July 29, 2020 Indeed. Hey check this out: https://robintrack.net/popularity_changes Link to comment Share on other sites More sharing options...
BG2008 Posted July 29, 2020 Author Share Posted July 29, 2020 Tendy's all around! It's FullTard Time! Link to comment Share on other sites More sharing options...
BG2008 Posted July 29, 2020 Author Share Posted July 29, 2020 Frankly, I wish that some of the names that I own would go FullTard Link to comment Share on other sites More sharing options...
stahleyp Posted July 29, 2020 Share Posted July 29, 2020 Remember when they were going to do blockchain and the stock shot up? Link to comment Share on other sites More sharing options...
rb Posted July 29, 2020 Share Posted July 29, 2020 Frankly, I wish that some of the names that I own would go FullTard Hahahahhah .... Hahahahhaha That never happens if you're a rational investor or a value investor. In my career I once got a little retard, like 10%-20% retard and I thanked the heaves for it. If I ever get full 100% retard I buy beers for the whole board. Link to comment Share on other sites More sharing options...
valueinvestor Posted July 29, 2020 Share Posted July 29, 2020 I don't think so - on a perfunctory view, it was trading at less than cash per share. Basically zero optimism priced in, low trading volume, and then this 715M loan revolutionized the prospects of this company. If the ingredient is really in a shortage, how hard is it to earn 100M to justify TEV? Literally went from melting ice cube to company with optionality. Link to comment Share on other sites More sharing options...
valueinvestor Posted July 29, 2020 Share Posted July 29, 2020 Just to clarify this 715M will be listed as a liability, but can produce cash flow. Not sure what people are using to justify a 1.5B valuation though... it's literally pricing it as a full-fledged manufacturer. Link to comment Share on other sites More sharing options...
BG2008 Posted July 29, 2020 Author Share Posted July 29, 2020 Frankly, I wish that some of the names that I own would go FullTard Hahahahhah .... Hahahahhaha That never happens if you're a rational investor or a value investor. In my career I once got a little retard, like 10%-20% retard and I thanked the heaves for it. If I ever get full 100% retard I buy beers for the whole board. You once got a little retard or your name got a little retard? I am not looking to go retard. I want my name to go a little retard. Link to comment Share on other sites More sharing options...
BG2008 Posted July 29, 2020 Author Share Posted July 29, 2020 One of the checklist that I want to have in the future is "Can this name potentially go FullTard?" It is a legitimate question. If there is a tech, infrastructure, space travel, or something to hook a retail buyer base on, it's an additional feature. Link to comment Share on other sites More sharing options...
rb Posted July 29, 2020 Share Posted July 29, 2020 Frankly, I wish that some of the names that I own would go FullTard Hahahahhah .... Hahahahhaha That never happens if you're a rational investor or a value investor. In my career I once got a little retard, like 10%-20% retard and I thanked the heaves for it. If I ever get full 100% retard I buy beers for the whole board. You once got a little retard or your name got a little retard? I am not looking to go retard. I want my name to go a little retard. Sorry, I wasn't clear. I didn't go retard. My name went a little retard. It felt awesome. The previous day I was getting margin calls and shit because of it. Nut now that you mention it I was ready to go a little retard when it happened. A great party definitely happened the next night. Link to comment Share on other sites More sharing options...
5xEBITDA Posted July 29, 2020 Share Posted July 29, 2020 I don't think so - on a perfunctory view, it was trading at less than cash per share. Basically zero optimism priced in, low trading volume, and then this 715M loan revolutionized the prospects of this company. Hey sorry, I don't understand this part. Q1 cash was $209 million, but only $62 million was held within the US. Of the non-US cash, $88 million of cash was in China. My prior discussions with the Company indicate that while it may be possible to get non-US, non-China-based cash back to the US, they cannot get the China cash out easily due to the need to dividend it out of a specific subsidiary which requires both US and Chinese regulatory approval. Assuming all $209 million cash is available, I still don't understand the net cash part. They have $111 million convertible debt outstanding, a $373 million unfunded pension liability, and another $200 million of convertible preferred stock all ahead of the equity. The equity was (and still is?) significantly out of the money and based on some work I did back in April I felt they would require bank debt amendments in order to avoid triggering covenants over the next several quarters. Edit: From what I understand, the government financing is only an LOI and still has some hurdles to clear. Further, their facility has not been built / renovated / approved / etc. Think this is way overdone. On 7/27, 9,312 Robinhood accounts owned KODK stock. At the close today, 113,464 Robinhood accounts owned the stock. Link to comment Share on other sites More sharing options...
Jurgis Posted July 29, 2020 Share Posted July 29, 2020 Blue Horseshoe loves Kodak Link to comment Share on other sites More sharing options...
valueinvestor Posted July 29, 2020 Share Posted July 29, 2020 I don't think so - on a perfunctory view, it was trading at less than cash per share. Basically zero optimism priced in, low trading volume, and then this 715M loan revolutionized the prospects of this company. Hey sorry, I don't understand this part. Q1 cash was $209 million, but only $62 million was held within the US. Of the non-US cash, $88 million of cash was in China. My prior discussions with the Company indicate that while it may be possible to get non-US, non-China-based cash back to the US, they cannot get the China cash out easily due to the need to dividend it out of a specific subsidiary which requires both US and Chinese regulatory approval. Assuming all $209 million cash is available, I still don't understand the net cash part. They have $111 million convertible debt outstanding, a $373 million unfunded pension liability, and another $200 million of convertible preferred stock all ahead of the equity. The equity was (and still is?) significantly out of the money and based on some work I did back in April I felt they would require bank debt amendments in order to avoid triggering covenants over the next several quarters. Edit: From what I understand, the government financing is only an LOI and still has some hurdles to clear. Further, their facility has not been built / renovated / approved / etc. Think this is way overdone. On 7/27, 9,312 Robinhood accounts owned KODK stock. At the close today, 113,464 Robinhood accounts owned the stock. Don’t apologize, I don’t doubt your right. For some reason, I was under the impression they were net cash in my head, as I looked at it some years ago. I didn’t bother to verify, as I thought someone would correct me. So thank you! :) Link to comment Share on other sites More sharing options...
Spekulatius Posted July 30, 2020 Share Posted July 30, 2020 Looks like insidertrading is crime number one: https://finance.yahoo.com/news/closer-look-kodak-chairmans-stock-173052759.html There are likely more. I can’t see how Kodak is most qualified to produce pharmaceutical ingredients. There are likely hundreds of more qualified entities. Link to comment Share on other sites More sharing options...
Guest cherzeca Posted July 30, 2020 Share Posted July 30, 2020 "On 7/27, 9,312 Robinhood accounts owned KODK stock. At the close today, 113,464 Robinhood accounts owned the stock." curious where you got this datum Link to comment Share on other sites More sharing options...
Spekulatius Posted July 30, 2020 Share Posted July 30, 2020 "On 7/27, 9,312 Robinhood accounts owned KODK stock. At the close today, 113,464 Robinhood accounts owned the stock." curious where you got this datum https://robintrack.net/symbol/KODK Link to comment Share on other sites More sharing options...
Guest cherzeca Posted July 30, 2020 Share Posted July 30, 2020 "On 7/27, 9,312 Robinhood accounts owned KODK stock. At the close today, 113,464 Robinhood accounts owned the stock." curious where you got this datum https://robintrack.net/symbol/KODK so robin hood is like one big momo community. actually makes alot of sense to offer this info to their community... Link to comment Share on other sites More sharing options...
alpha Posted July 30, 2020 Share Posted July 30, 2020 Looks like insidertrading is crime number one: https://finance.yahoo.com/news/closer-look-kodak-chairmans-stock-173052759.html There are likely more. I can’t see how Kodak is most qualified to produce pharmaceutical ingredients. There are likely hundreds of more qualified entities. I thought it was odd too. The Kodak CEO and chairman was on yahoo finance this morning trying to explain this. He said that primarily Kodak was not a camera company but a film company so they have lots of infrastructure in place for handling and processing large amounts of chemicals. https://finance.yahoo.com/video/kodak-stock-soars-white-house-155307355.html Link to comment Share on other sites More sharing options...
cknucks Posted July 30, 2020 Share Posted July 30, 2020 I don't understand it. I don't see that they have any qualifications to produce any of these drugs at any price. Why Kodak? Forget the loan. Why are they getting a contract? Link to comment Share on other sites More sharing options...
peripatetic Posted July 30, 2020 Share Posted July 30, 2020 I don't understand it. I don't see that they have any qualifications to produce any of these drugs at any price. Why Kodak? Forget the loan. Why are they getting a contract? Exactly. I keep waiting for the real contract manufacturers to get a covid-induced run. REPH would be a good candidate, and is trading near all time lows. Somebody tell the Robinhood crowd. Link to comment Share on other sites More sharing options...
clutch Posted July 30, 2020 Share Posted July 30, 2020 Anyone shorting this? Link to comment Share on other sites More sharing options...
lnofeisone Posted July 30, 2020 Share Posted July 30, 2020 Anyone shorting this? I've been trying to sell some bull spreads all morning. So far got nothing. Link to comment Share on other sites More sharing options...
mcliu Posted July 30, 2020 Share Posted July 30, 2020 I don’t think you’re allowed to use the R word anymore. https://www.washingtonpost.com/lifestyle/kidspost/why-you-shouldnt-use-the-r-word/2011/06/06/AGISc3nH_story.html Link to comment Share on other sites More sharing options...
Gregmal Posted July 31, 2020 Share Posted July 31, 2020 Does this have retard potential? https://www.prnewswire.com/news-releases/soc-telemed-to-merge-with-healthcare-merger-corp-301102426.html Ive noticed "some" favorable setups in the "potential retards". You'd again have to think some of the SPAC's present favorable setups with the NAV backstop and leverage in warrants. You also have to bring yourself to buying things that arent typically the preferred cup of tea. Certainly not for everyone. And certainly have to be willing to gamble and therefor allocate responsibly. I'd highlight the obvious risks, especially known to SPACs...such as, from the release... TJ Carella, Managing Director at Warburg Pincus, said, "We are excited to join forces with the HCMC team and to continue our partnership with SOC in delivering value to its many customers." Amr Kronfol, Managing Director at Warburg Pincus, added, "We are very grateful to Paul for his leadership of SOC and believe that Steve and John are well positioned to drive the company forward in this next phase of its growth." Link to comment Share on other sites More sharing options...
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