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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sean Collett who wrote (73827)	10/3/2023 1:43:15 PM
From: Harshu Vyas	Respond to of 78462

Options were something I considered a few times but my portfolio's not large enough so I don't feel the urge to "hedge" anything. Also, I don't fully understand them. Tried reading McMillan a few times but because I've no real interest in entering the options market, I struggled with the (let's face it) dry content. Seems to me the "riskiest" stocks (in terms of balance sheet strength) are the ones getting hit the most probably because of long-term bonds crashing. Not sure whether I ought to sell and "protect" my downside now or whether I should wait - especially since my portfolio is invested into quite a few leveraged companies. Also seems, as usual, Winter will be rough for the market. Best, Harshu Vyas

To: Sean Collett who wrote (73827)	10/3/2023 7:53:51 PM
From: E_K_S	Respond to of 78462

Re: any Turn around w/ assets & burning cash and/or close to FCF positive The one thing I have learned is the distressed company must have an 'EXIT' strategy. You must have a management that can make the changes to right side the company. That's why I like either (1) an activist investor forcing the change, (2) Private Equity w/ a big bet in the game and/or (3) Director's, BOD and managers motivated to make the changes. So you want to see the insiders buying (not selling). The key is the 'Exit' strategy. That is why I follow Carl Icahn in many of his deals. Link to Dataroma for QRTEA Interesting that M. Burry has a position