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Strategies & Market Trends : The Art of Investing

PICK 51.54

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Dec 24 4:00 PM EST

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Sun Tzu

To: Sun Tzu who wrote (7620)	10/4/2023 10:17:21 AM
From: sixty2nds	1 Recommendation of 10713

Happy Hump Day to all All comments appreciated. I have, and will again be, wrong at Scale. QRTEP is in a very small part of the Total Portfolio. IF This portion of the Total Portfolio went to ZERO it changes nothing. IF I get Lucky and make a run it will provide a slight enhancement. QRTEP is not a short or medium time frame trade for me.. I plan to hold until March 2031 when the Preferred Stock is mandated to be redeemed at $100/sh. My best guess... The FCF burned by he now sold off Zulilly division was larger than commonly estimated.... Zulilly was "sold" in May for future considerations. There was $80,000,000 in Zulilly debt paid off. Zulilly is 100% off the books. There was a hint at that FCF burn in the last Q reported August 4th. We will have more info when the current Q reports. I remain committed to DRIP and buying QRTEP this 4th calendar Q. Based on the upcoming Q report I will decide to The Boat is loaded at 2X or proceed to 3X. I will most likely evaluate on a Q X Q basis. I do not need to proceed directly to 3X. If I have a "better" opportunity I might stop at 2X or 2.25X From my perspective... The Common needs a successful QURATE turnaround. By that I mean a return to profitable growth. THAT will push the common price to $3 and above where I think the common is buyable again. THAT will take at least 4 more Q's, probably 8. The Preferred just needs the business to muddle through. Cheers, 60

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