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

To: Paul Senior who wrote (74471)	12/6/2023 4:14:57 PM
From: Elroy	Respond to of 78918

CCL to da moon!

To: Paul Senior who wrote (74471)	12/6/2023 6:07:11 PM
From: Harshu Vyas	Read Replies (1) \| Respond to of 78918

Maybe you're right about VLGEA - they're weird. No investor relations, no earning calls = no analyst coverage and no volume. That's what made me think "Huh - maybe there's some value." Low metrics and buildings stores... family owned. It's classic value but what makes the flows go in that direction? The Graham argument is eventually the market will find it and revalue. WWW - I don't own any shares but I do like the company and it's current management. I have changed my stance since I first brought it to the thread. It's riskier than I initially made out but Stewart says that leveraged companies with lots of "parts" can work if management feel the pressure. CEO seems to be taking the right approach and they are generating cash from operations and asset sales. (Remember when I pitched the likes of CONN, CATO and LL to the thread? Eurgh... I've realised my mistakes from there.) Maybe MGM is cheaper than CZR but they're both "cheap" and, to me, both have enough upside to make a case for. What attracts me to CZR is the opportunistic management and the Carano family involvement. Personal preference. Never been to LV, never want to. Nor do I really want to own it. PSMT lower ROE = lower leverage imo. Very similar margins. My take on it is because people aren't as familiar with it, the valuation is lower. (PSMT turns over float ever 102 days, COST every 254 days with its high share price - both fairly illiquid.) I found the annual report to make lots of sense, too - potential RE play, too. I think I'm going to own it at some point. But I think I've got time before I buy. As for CCL, it's weird. It's only rallying off of forecasted rate cuts and lower oil prices. But does that make it a $20b company given that there's also some convertible debt in the mixer (dilution effect)? I'm confident in normal conditions they'll largely be profitable even if there's high interest. That's what the last 30+ yrs show. But I'm tempted to buy short-term puts. Just a few weeks back it was $11/share as oil prices soared and consumers were deemed "dead". Easily the most volatile, most tradable company I've found. And retail love it, too. I feel like how I did when I bought it back in March at $9. Vulnerable. But I didn't sell then until I made 100% and I'm not selling now. Difference is now I literally can't afford to. Recently, I read the maths on selling. It's scared me. I'd love to have your email, Paul.