Ideas For Now-

Discussion in 'Stocks' started by stonedinvestor, Apr 27, 2020.

  1. #491     Jul 22, 2020
  2. Interesting--

    Flying Eagle seen as possible Sportradar deal partner, Casino.org says 09:16 FEAC, DKNG After Sportico reported earlier Thursday that sports data provider Sportradar could pursue using a special purpose acquisition company to come public, Roundhill Investments CEO and co-founder Will Hershey told Casino.org that he believes it makes sense for the Swiss company to list in New York, reported Todd Shriber. Hershey also said the field of SPACs that could potentially do a deal with a company like Sportradar includes Flying Eagle Acquisition Corp. (FEAC), which he noted is "backed by the same investors that facilitated" the deal to bring DraftKings (DKNG) public, Shriber reported. Flying Eagle Acquisition is a blank check company which has said its "efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region."

    FEAC-$10.90

    Sportradar is big business everyone uses them...
     
    #492     Jul 22, 2020
  3. FEAC did 1.2 mil vol yesterday and woke up in the afternoon.
    av vol 582K

    The name Flying Eagle... it sounds good. This is a leap of faith a blank check company... I could totally see this merger happening. And if it does it will rip.
     
    #493     Jul 22, 2020
  4. <<WATCH>>

    DKNG-
    FEAC-
    IO-
    WCC-
    FIS
    HIBB-
    VMC-
    URI
     
    #494     Jul 22, 2020
  5. vanzandt

    vanzandt

    I always love it when someone that doesn't really understand stocks... tells me about a stock.
    I listen. Its fun.
    Ok this one Stoney... fuel cells? Hydrogen power? $10/share?
    I didn't even have to look, I knew its $10/share worth of hype.

    But for fun, I looked at the chart.
    WTF!!!!
    Its doubled in a month.
    Robinhood traders?

    Plug Power.
    $PLUG


    Check it out though.
    https://www.ir.plugpower.com/Why-Invest/default.aspx
    Diverse.
    Is there anything here?
    They haven't made a dime of profit, I know that.
     
    #495     Jul 22, 2020
  6. VAN what was that TV stock Sinclair??
    SBGI-

    + stock price has done nothing
    + baseball = revenue
    + reports earning early Aug
    +Sinclair Broadcast Group, Inc. (SBGI): This diversified broadcasting company has seen the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

    SINCE MARCH 25TH THE STOCK HAS BEEN STUCK AT $19<--- That's a base.
    It was downgraded Monday for some reason! Was $19.80 and went to $18.80

    On June 24--
    Sinclair Broadcast the 'obvious winner' in baseball's return, says Benchmark 06/24 SBGI, CMCSA Benchmark analyst Daniel Kurnos said the MLB and the MLBPA agreeing to a 60 game season should have positive ramifications for the entire broadcast universe, but he sees Sinclair Broadcast Group (SBGI) as "the obvious winner," although he added that "the rebate math is bound to make both the quarterly and annual results really messy." Regional sports network advertising is likely to come back meaningfully in Q3 and into Q4, Sinclair will have a greater shot at keeping a larger portion of distribution revenue, and the timing "seems ideal" given the pending Comcast (CMCSA) negotiation at the end of July, Kurnos tells investors. While he lowered the firm's price target on Sinclair Broadcast to $30 from $35 to fix some "double-counting issues" in his prior model, Kurnos keeps a Buy rating on Sinclair shares.

    I could see this stock going to $29!
     
    #496     Jul 22, 2020
  7. vanzandt

    vanzandt

    It was on our list, but I pulled it off at $21 back in June.... they tried to restructure their debt and it was unsuccessful.
    I 100% agree about the sport aspect, and the elections... thats why they made it to the list.... but I think they have problems on their balance sheet, the way they financed the purchase of Fox Sports.

    They need to get their finances in order, then it'll run. Until then....

    EDIT: From June 10th. That link still works if you want to read about the issuance.

     
    Last edited: Jul 22, 2020
    #497     Jul 22, 2020
  8. Fox had a quote today that they were expecting a tsunami of ad revenue from baseball and
    this is a way of playing that without buying Fox directly for obvious reasons.

    Jesus-
    Floor & Decor price target raised to $70 from $48 at Wells Fargo 08:01 FND Wells Fargo analyst Zachary Fadem raised the firm's price target on Floor & Decor to $70 from $48 and keeps an Overweight rating on the shares. The analyst notes that despite well understood Q2 headwinds, shares are 135%-plus off April lows, as expectations build for improving sequential trends, solid comps at re-opened stores and a second half of 2020 recovery driving upward comp/EPS revisions. Based on his survey, data and industry checks, Fadem is raising his Q2/Q3/Q4 comp estimates as he believes reopened stores are comping positive, the housing market is recovering, and Floor & Deck remains well positioned to take share in a highly fragmented category.

    FND-$63 I'd still wait for $58.50 but When it was there I was saying lower but I believe that is good support. ///
     
    #498     Jul 22, 2020
  9.  
    #499     Jul 22, 2020
  10. vanzandt

    vanzandt

    I mean as these things go, Sinclair is the second largest owner of television stations in the country. So they've got that. I liked the stock. Hell it was $65 just over a year ago. They pay a dividend, and they make money. Low PE. 11ish.
    Is the bad news over?
    If it is $18's a floor. But they can always go lower. WS can be brutal when a dividend gets cut, and they may have to do that to meet their debt obligations.

    They also were on the receiving end of the biggest fine the FCC ever levied earlier this year. They tried to buy Tribune and pulled a bunch of bs. The idea was to actually give Fox News some competition. Trump wanted the merger too lol, Sinclair leans right in a big way fwiw.


    It's their balance sheet that has all the portfolio managers spooked.

    EDIT: Here's a read:

    ___________________________


    Sinclair agrees to pay record-setting $48 million FCC civil penalty
    [​IMG]
    May 06, 2020 10:45PM ET


    2/2 [​IMG] ©

    By David Shepardson

    WASHINGTON (Reuters) - Sinclair Broadcast (NASDAQ:SBGI) Group has agreed to pay a $48 million fine to the Federal Communications Commission (FCC) resolving the probe into the company's abandoned deal to buy Tribune Media in what the agency said was its largest-ever civil penalty.

    Sinclair Chief Executive Chris Ripley said in a statement on Wednesday the company was pleased with the resolution.

    "Sinclair is committed to continue to interact constructively with all of its regulators to ensure full compliance with applicable laws, rules and regulations," said Ripley, who is the company's president.

    In June 2019, the FCC disclosed it had opened a new investigation into whether Sinclair engaged in misrepresentations or a lack of candor in the $3.9 billion Tribune deal. The civil penalty also resolves FCC investigations into whether the company met its obligations to negotiate retransmission consent agreements in good faith and its failure to identify the sponsor of content, the FCC said.

    The FCC said Sinclair, the second-largest television station operator, has agreed to "abide by a strict compliance plan." The penalty is twice the prior record for a broadcaster.

    "Sinclair’s conduct during its attempt to merge with Tribune was completely unacceptable," said FCC Chairman Ajit Pai. "Today’s penalty, along with the failure of the Sinclair/Tribune transaction, should serve as a cautionary tale to other licensees seeking commission approval of a transaction in the future."

    Pai rejected suggestions the FCC revoke Sinclair’s licenses.

    Tribune terminated the sale of 42 TV stations in 33 markets to Sinclair, which owns or operates 191 stations, in August 2018. A month earlier the FCC questioned Sinclair’s candor over the planned sale of some stations and suggested Sinclair would effectively retain control over them.

    The collapse of the deal, which was backed by U.S. President Donald Trump, potentially ended Sinclair’s hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox Corp's Fox News.

    Nexstar Media Group (NASDAQ:NXST) Inc acquired Tribune in a $4.1 billion deal in September.

    Democrats accused Sinclair of slanting news coverage in favor of Republicans. Trump in 2018 criticized the Republican-led FCC for not approving the Tribune deal, saying on Twitter it "would have been a great and much needed Conservative voice for and of the People."

    In 2017, the FCC said it was fining Sinclair $13.38 million after it failed to properly disclose that paid programming that aired on local TV stations was sponsored by a cancer institute. That probe was also resolved as part of the settlement.
     
    Last edited: Jul 22, 2020
    #500     Jul 22, 2020