janes I come to ET because it is a safe space. These gummybear advisor threads are safe spaces or places. Please do not bring such pain and suffering into this forum.
I saw that and it was confirming what I was seeing in the price of all uranium stocks. Short term this run is done, but could turn on a dime with news of substance. What's news of substance? Signed contracts between miners and power companies locking in prices. I still like the space long term, very long term. Plenty of speed bumps along the way.
Well before I celebrate a partial victory over Covid comes this word.. We had a grandpa Bob fall down (stepfather on my wife's side) fell down for a 2nd time in short order. This time he punctured his lung out in Fire Island. Boat ride to Hospital and the family wanted to transfer him to Mt Sinai here in Manhattan and they said they were full up with Ciovid<--
The coffee store chain sector had a riveting week, led by Dutch Bros.(NYSE:BROS)blazing a gain of more than 100% gain from its IPO pricing level before falling back a bit. The strong start for the niche coffee chain company was based on investor confidence on the company's strong expansion plan. In its IPO filing, BROS said it aims to grow to 4K shops from a current level of 471 locations. Yikes 4,000 X the earn on the way minus expenses...
A company that only sells damaged cars? Van brought Copart to the gummybear investing table and at the time I did not realize that CPRT ONLY sold damaged cars. On the surface this is a stupid idea. I mean who looks to buy a damaged car? In fact we do the opposite we use Carfax and such to make sure we do not have a car that has been in an accident or otherwise damaged tree fell on it or it was flooded<---- So now warnings are going out do not buy cars that were flooded by the recent storm just as CPRT I imagine is receiving a whole lot of water logged cars. Interesting. You would think a lot of lawsuits and claims would follow this company if they were fixing up the cars and selling them as if they worked right-- But look at this ad- Happy Graduation! Here you go son..... They are hardly hiding the fact getting to the store may be a problem. Profitability is outstanding across the board. Gross profit margin (53.63%), EBITDA margin (46.74%), and net income margin (34.78%) far exceed sector median. CPRT’s revenue has been growing at an impressive rate of 14.61% on average in the past 5 years, and last quarter’s YoY revenue growth number came in at 22.08%. Now there is a shortage of parts everywhere! You buy a car like the one above not to fix up but to salvage parts. And there is a cycle developing: auto part shortages are causing insurance companies to designate cars as totaled with greater frequency. So more to market. It may seem surprising that a company that sells beaters and junkers could thrive but it is the ONLY company doing that it is a niche'. Alright last issue is insider selling. CPRT was down $8 on Fri alone. A price of $138 would be an enticing entry point. Currently $142.60. Target Price $160+
eBay users who list a pair of sneakers to sell can have a chance to win one of 25 pairs of authentic, incredibly hard-to-find sneakers — the Air Jordan 1 Fragment High Friends & Family and the Adidas x Pharrell NMD Human Race Trail Friends & Family. The “Friends & Family” aspect of eBay’s drop is what sets it apart from other sneaker promotions. Sneakers in this exclusive category are created solely for friends of the designer, athlete, or brand and are rarely made available to the public. eBay Inside Drop — eBay
U.S. debt ceiling impasse? Fed's 'loathsome' game plan for the 'unthinkable' Fri, September 17, 2021, 12:32 PM This Debt ceiling is coming. (Reuters) -Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. That's an outcome the White House on Friday warned could plunge the economy into recession. If the impasse in Congress over the $28.5 trillion debt limit isn't resolved before an October deadline, what would the Federal Reserve - the backstop for U.S. financial markets as the lender of last resort - be prepared to do? As it turns out, Fed Chair Jerome Powell may already have something of a game plan. The country faced a similar crisis over the debt limit in 2011 and again two years later, and at an unscheduled October 2013 meeting, Fed policymakers - including Powell, who was then a Fed governor, and Yellen, who was the Fed's vice chair - debated possible actions in response. 'Loathsome' was how Powell described some of the most aggressive options contemplated, transcripts show, though he was among those who said they might be needed in the face of what could be a drastic market catastrophe. 'COME OUT SWINGING' The plan included a process for managing government payments, given the Fed's expectation that Treasury would prioritize principal and interest but would make day-by-day decisions on whether to cover other obligations. Changes to the Fed's supervision of banks were also planned. Banks would be allowed to count defaulted Treasuries toward risk-capital requirements, and supervisors would work directly with any bank experiencing a "temporary drop in its regulatory capital ratio." The U.S. central bank would also direct lenders to give leeway to stressed borrowers. Policymakers also mapped out approaches to managing market strains and financial stability risks stemming from a technical default. They readily agreed to some measures, including expanding ongoing bond purchases to include defaulted Treasuries, lending against defaulted securities and through the Fed's emergency lending window, and conducting repurchase operations to stabilize short-term financial markets. Other actions sketched out in briefing notes and during the meeting were more controversial, including providing direct support to financial markets buying defaulted Treasury securities, or simultaneously selling Treasuries that are not in default and buying ones that are. It was those last actions that Powell described as "loathsome," while others referred to them as "repugnant" and "beyond the pale." The issue, transcripts suggest, was the worry that such purchases could be seen as crossing a line into direct financing of government. "The economics of it are right, but you'd be stepping into this difficult political world and looking like you are making the problem go away," Powell said at the time. A larger number of policymakers, including Yellen and John Williams, who at the time was San Francisco Fed president and is now head of the New York Fed, felt that such an intervention ought to be part of the U.S. central bank's response if needed. Even Powell agreed it might need to be "under certain circumstances."