Sorry, it was a coordinated action of me and all the other lurkers on this thread to get the likes number at that level.
Yes please adjust all verbiage for stoners! I do not know this MVST but they lost $20 mln and their cap ex is out of control-- Microvast sees FY21 revenue $145M-$155M vs. $107.5M in FY20 08/16 MVST Sees FY21 capex $170M vs. $18.6M in FY20. And they filed for a HUGE secondary recently that has not come yet... What the hell are they up to?
Sportradar (SRAD) is set to go public this week with a valuation that could top $8B. The sports analytics company, which counts basketball star Michael Jordan and Mark Cuban among its backers, has relationships with the NBA, NHL, MLB and other sports organizations. Roundhill Investment's Mario Stefanidis breaks down the IPO: "Sportradar was initially supposed to be taken public via the Horizon Acquisition Corp II SPAC at a $10-$12 billion valuation. After the lower amount was agreed upon, Horizon had trouble raising the private investment in public equity, due to the entire SPAC landscape being under pressure. Now, Sportradar will be pursuing a traditional IPO at around a 20% lower valuation than initially proposed, but will likely be oversubscribed due to excitement around the offering. The company generated $478 million in revenue in 2020, putting its trailing P/S ratio at about 17.5x. Sportradar is also cash flow positive, having produced $26.1 million of net income over the same period... With all four major professional sports leagues in the U.S. expressing interest in sports betting and technology partnerships, the opportunity for Sportradar to ink one or more exclusive licensing deals is substantial."
Well what I know is it ISN'T THE NUKES that are making uranium go up.. It's a stupid index fund! Global demand is expected to rise more than 25% to 206M pounds by 2030. And the run in the past month has brought in lots of speculation cash. "The reason for the (recent) surge is that a new trading vehicle, the Sprott Physical Uranium Trust Fund (OTCPK:SRUUF), has been accumulating pounds of uranium at a torrid pace," In August, Sprott filed to sell $300M in units backed by physical uranium and today it announced it is boosting that to $1.3B. $300 mln --> to $1.3B and they have to buy and store and the actual product. (supposedly) I feel like we have been down this trail before when eventually it turns out there is no ( ) to deliver... whether it be gold, silver or Uranium...
Markets The Trader A Stock Market Selloff Needs a Trigger. Here’s What Could Cause the Next One. A rocky week in the markets has traders, investors, and strategists at Defcon 2, peering into the horizon for the enemy—a stock market correction. But while there are some troubling signals, corrections—drops of 10% from recent highs—don’t just happen, just like bull markets don’t die of old age. There has to be a reason. The Defcon level, however, can rise even without a reason. Time and valuation both have merit as signals, though neither can tip the market into correction on their own and neither is flashing Defcon 1,... Subscribe or Sign In to continue reading ANNOYING-! VAN IF YOU HAVE THE BARON'S PIECE PLEASE POST IT-- I am interested if this is about he debt ceiling.
THESE ARE TERRIBLY TOUGH CONDITIONS-! (Bloomberg) -- Calls for a correction in stocks are multiplying. And while none has come to pass for the biggest indexes, it’s safe to say a lot of the market’s vigor has been depleted. Big rallies are a thing of the past. The S&P 500 has gone 34 days without rising 1% in any of them, the longest in 20 months. And the pool of companies feeling significant price pressure keeps expanding. More than half the index’s members have suffered peak-to-trough declines of at least 10% since May, data compiled by Morgan Stanley show. It’s worse in small-caps, where 90% of Russell 2000 stocks have already suffered their own 10% correction. <<--- (Stoney nailed it) The listlessness is sowing unease among market pros. While the S&P 500 just managed to fall five straight days without straying more than 2% from its all-time high, some see the stage being set for a more meaningful trip lower. Strategists from Goldman Sachs Group Inc. and Citigroup Inc. have issued fresh warnings on the potential for negative shocks to upend the rally. “It’s the next six weeks in the market that I have the greatest fear of,” said Phil Blancato, chief executive officer of Ladenburg Thalmann & Co., pointing to a planned reduction in Federal Reserve stimulus and the threat of tax hikes. “The market is at a bit of an ebb tide.” Stocks fell for the first week in three as mixed economic data kept investors on edge about the timing of stimulus tapering. The S&P 500 declined 1.7% while the Russell 2000 slipped 2.8%. The Nasdaq 100 fared better, thanks to gains in tech megacaps like Facebook Inc. In fairness, overt expressions of bearishness are few and far between, after sellers were punished amid this year’s 20% runup. Short sellers have been driven almost into extinction while professional forecasters were forced to raise their year-end targets after the S&P 500 surged well past the most optimistic projection made in January. BUT WAIT! Hedgies Say NO! Hedge funds are cutting their bearish wagers against the broad market. Their short positions against macro products, such as indexes and exchange-traded funds, last week fell to the lowest level since January, according to data compiled by Goldman’s prime broker. “The fundamentals are still extremely supportive, financial conditions are very easy,” said Seema Shah, chief strategist at Principal Global Investors. “We’re looking at a new phase in the business cycle or at least the next stage of it. We’ve got markets inevitably in transition and this is a time where you have to be really, really careful which companies you’re investing in.” Shah is right. At the level of individual stocks, corrections are all too tangible. As of Friday’s close, the average stock in the S&P 500 was down 10% from their 52-week highs, according to data compiled by Bloomberg. Helping keep the market afloat are tech giants like Facebook, Amazon.com Inc. Apple Inc., Microsoft Corp. and Google parent Alphabet Inc., a cohort known as Faang. Without the five, the S&P 500’s 4% advance this quarter would have been halved. But don’t bet on stocks like the Faangs to continue to prop up the market indefinitely, says Mike Wilson, the chief U.S. equity strategist at Morgan Stanley. Stocks have entered the stage of a market cycle where valuations tend to shrink and even the sturdiest companies can’t escape the drag, he says. Typically, cracks start with the weakest links before the rout goes on to take down the strongest, a process he calls “rolling correction.” “This rolling correction will end with a consolidation in the higher quality, leadership areas of the market,” Wilson wrote in a client note Thursday. “We think that finishing move will happen in the near term and that it will lead to a benchmark level correction of ~10%.”
Van to think we could start fresh here and have more weeks like the past few.... I think they cal tlhat jutspa! Hutzpah! Sounds like that.... I guess I'll start with SPORTRADER-! Who is the lead uderwriter here>
Dealmaker Who Beat Topps for Baseball Cards Is Worth $8 Billion Dealmaker Who Beat Topps for Baseball Cards Is Worth $8 Billion. (Bloomberg) -- Michael Rubin was a freshman at Villanova University when he first displayed a knack for pulling off big deals. Using cash borrowed from a neighbor, he bought $200,000 of overstock sports equipment and soon resold it for a $75,000 profit. He’s been pouncing on opportunities ever since. Today, Rubin has a net worth of about $8 billion, according to the Bloomberg Billionaires Index. Seizing on the disruptive power of internet-based shopping, he has turned sports merchandiser Fanatics into an $18 billion powerhouse that sells everything from National Basketball Association jerseys to Kentucky Wildcat-themed portable barbecue grills. He owns about 40% of the company, according to a person with knowledge of the matter. Rubin, 49, built Fanatics out of scraps left over from a deal with eBay Inc. a decade ago. Now the Jacksonville, Florida-based firm -- which has tripled in value through multiple funding rounds over the past 12 months -- is using its newfound heft to become a disruptor. Last month, it dethroned Topps Co. as the go-to producer of baseball cards by reaching exclusive agreements with Major League Baseball and its players’ association. It also added agreements with the NBA and National Football League. “Fanatics came into the jersey and apparel space and absolutely took over,” said Mike Gioseffi, who co-hosts the podcast Sports Cards Nonsense. The speed and breadth of its recent moves into trading cards are “just unheard of.” Sports Betting Fanatics is seeking to expand even further, with plans to enter sports betting, ticketing and media, according to company management. The sports-gambling industry could be an especially ripe target. It’s in the midst of consolidation and takeovers three years after the U.S. Supreme Court overturned a 26-year-old law banning sports betting in a majority of states. A Fanatics spokesperson declined to comment on the firm’s expansion plans or Rubin’s net worth. <---------- FANATICS SPAC? Rubin, part-owner of the NBA’s Philadelphia 76ers through a reported 10% stake in Harris Blitzer Sports & Entertainment, is also executive chairman of Rue Gilt Groupe, an e-commerce company that owns fashion retail websites Rue La La and Gilt. THIS is why Villanova is on my kids target list!
To Vape Or Not To Vape-- I tried & failed. I bought a great Vape machine it's huge and has a popcorn bag that you huff on it's called The Volcano... But the taste is just a bit different for an old school burner like myself. And carrying those bags on public transportation gets you a lot of crooked looks.. Those that Vape look addicted. And puff out too much smoke or vape and just continue to do it.. Marketed as a way to stop smoking.. that always had it's limits. Can't deny though that a lot of folks do it.. The FDA recently punted on the topic of Vapes -- we should dig up how long that punt is whether the idea of banning Vapes has been put off for a while or for good. Greenlane Holdings may respond... Greenlane Holdings, Inc. (NASDAQ: GNLN) Director Jeffrey J Uttz acquired a total of 36000 shares at an average price of $2.81. To acquire these shares, it cost $101,160.00. Alliance Global Partners recently initiated coverage on Greenlane with a Buy rating and announced a price target of $6. Greenlane Holdings is a distributor of vaporization products and consumption accessories in the United States.