I'd buy every friggin' one of the 168M shares at $19.50 if I could. This club is worth more than the Lakers and Braves combined. It's Futball man! Foootball. We're the ugly Americans. If I'm gonna be chasing tail, it'll be on a private beach in Rio.... not moo-cows in Atlanta.
We're rounding third and heading for home... Q4 will be upon us next week. Expect some sector volatility this week as things get shuffled around some. Not that I care, but lets revisit my macro-economic outlook post written to Stoney from April 4rth of this year. Week one of Q2. _____________________________________ "Stoney... There is no way the Fed will cut rates this year. What none of your clueless financial press writers have thought about--- you'll only get these outside the box insights from the savant--- 2021 and 2022 existing home sales were both the highest years since 2006. Now... all of those mortgages are at elevated interest rates, so if the Fed cuts rates, and the 30 year fixed rate mortgage drops in solidarity, you will see a wave of re-financing activity... and THAT pumps more cash into the economy because homeowners will naturally spend those extra dollars saved on their monthly payments. This will further boost inflationary pressures... soooo... Powell is not cutting rates in Q3 despite what the experts are saying. The only expert you need Stoney... is right here." https://www.elitetrader.com/et/threads/gba-presents-radio-savant.367042/page-1624#post-5790085 ~vz
The ongoing negotiations with the FTC on the Albertsons acquisition keeps dragging on. They are shooting for Q1 of '24 now. I've followed it somewhat, there's a plethora of issues that still need ironed out; it's a very complicated merger to say the least, so yeah, the stock is gonna be boring for awhile. If we get a nice pullback in the S&P, I could see this thing easily trading at $42-$43 ish, and I think that would be a very solid buy for any IRA. Any favorable news on the acquisition should pop it right back up to $48, but the one thing I fear might muck the waters some more is that 2024 is an election year and there is no doubt in my mind politics will play a big part in finalizing things. Unfortunate it has to be that way, but it is what it is.
Well looky there. I read this Form 4 and thought hmmm... that name sounds familiar. Guess who sits on Kroger's Board of Directors. The former Secretary of Labor under the Bushman, and also Secretary of Transportation under Trump. https://archive.fast-edgar.com/20231002/AMZ8CQ2C3Z22WZL222JG2ZZ29KNAZ22S4252/ Think she can iron out a few labor and trucking issues for Kroger? Like I said ----> "a well run company."
SCVL hanging tough. $24.40 Doubt there's much upside left near term though. KR ---> $43.80 It'll probably go lower, tough to call a bottom with so many unknowns on the merger, but for the retirement accounts with a 5 year plus horizon... just keep buying little by little on the way down.
Lets put DAL in here now too at $35.50. It too will probably go lower, fuel costs will sting this Q, but it's still one of the best run airlines in the world. One of the best CEO's out there. Just like KR, buy little by little on the way down. For the long term.
Este Lauder added at $141. $EL They report on 11/1 and I think we are gonna see a huge recovery in their China sales, which is about 25% of their top line revenue historically. It could go lower though. It's an ugly chart and the PE is way out of line, but I really think China sales are coming in strong. Both for this quarter and going forward.
Searching for new ideas, this one looks decent. I like the fundamentals, I'd like to see more projected growth, but I think it's cheap enough, I don't see it going much lower. It was a SPAC however... so there's that. P/S, P/CF, PE, all look good. No debt 76% gross margin. 11.5% net ---> they make money Great beat last Q ________________________________________________________ Corporate Profile Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that “Life Happens Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats Vivid Seats empowers every fan to get to the live events that shape their most vivid moments and memories. _______________________________________________ SEAT---> $6.55