Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Since I don't day trade, the tools on ATP charting suit my needs for now. I "mainly" make decisions off moving averages and examining what I believe are levels of support based on previous patterns I see in the 2-year chart.Not sure what charting you useSanrith Descartes but someone trading at your level should be using something at least as good as TradingView.
eSignal is top tier, but really expensive. TV is great for swing / investing.
TradingView — Track All Markets
Where the world charts, chats and trades markets. We're a supercharged super-charting platform and social network for traders and investors. Free to sign up.www.tradingview.com
They recently did a 60% off Black Friday deal. Perhaps contact and see if they will honor it? You can thank me later!
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Tmac
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Not sure what charting you use
eSignal is top tier, but really expensive. TV is great for swing / investing.
TradingView — Track All Markets
Where the world charts, chats and trades markets. We're a supercharged super-charting platform and social network for traders and investors. Free to sign up.
They recently did a 60% off Black Friday deal. Perhaps contact and see if they will honor it? You can thank me later!
He mostly uses SMA's, so anything works.
I do like TradingView though.
Just want to say how much I appreciate this thread and all the posters/postings in it. I’m very new to investing, doing a lot of reading and researching, none of which I’d be doing if it weren’t for this thread. It’s insane to say and think, but this video game forum I’ve been reading since the days of noows may start to literally pay off Love to all of you.
Love to all of you.- 3
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Tmac
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Blazin
and
Sanrith Descartes
, near the end of chapter 7 in The Intelligent Investor, Graham talks about buying large companies at discounts. I've heard you guys talk about getting in at a discount before, but I've never heard you talk about it in terms of PE Ratios. Graham says the PE Ratio is what determines whether or not something is at a discount.Currently Delta's PE Ratio is like -3000, so I have a limit buy set for $35.70. We may already be past this strike level, but am I thinking about his point correctly? Travel is beat up, so why not get into a big quality company now? The example he uses in the book is Johnson & Johnson, when one of their factories got in trouble for having bad books. The stock dropped like 16% in one day. He says focusing on unpopular large companies, that make a lot of money, at a discount is an easy win. So, essentially, when a sector or company is unpopular, that's the time to buy.
Kiroy
Marine Biologist
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Currently Delta's PE Ratio is like -3000, so I have a limit buy set for $35.70. We may already be past this strike level, but am I thinking about his point correctly? Travel is beat up, so why not get into a big quality company now? The example he uses in the book is Johnson & Johnson, when one of their factories got in trouble for having bad books. The stock dropped like 16% in one day. He says focusing on unpopular large companies, that make a lot of money, at a discount is an easy win. So, essentially, when a sector or company is unpopular, that's the time to buy.
I don't know shit about shit so looking forward to other opinions, but the problem is airlines seem like a special case. It's just a completely fucked industry and seems to be going to way of train travel as far as it being impossible for them to be profitable so they'll need to be subsidized by government.
Zog
Blackwing Lair Raider
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Currently Delta's PE Ratio is like -3000, so I have a limit buy set for $35.70. We may already be past this strike level, but am I thinking about his point correctly? Travel is beat up, so why not get into a big quality company now? The example he uses in the book is Johnson & Johnson, when one of their factories got in trouble for having bad books. The stock dropped like 16% in one day. He says focusing on unpopular large companies, that make a lot of money, at a discount is an easy win. So, essentially, when a sector or company is unpopular, that's the time to buy.
Thats prety much it man but you have to be smart enough to know what is a temporary overreaction rather than a fundamental change in the company. It's like activision having massive PR problems with WoWs degeneracy took a huge chunk out of its stock but its still the multi billion dollar call of duty franchise.
ACTI:
Blazin
Creative Title
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I buy good companies that are currently disliked fairly often. As a general response PE's are critical, forward PEs. A lot of people look for low trailing 12 mo. PE and that is usually a recipe for a value trap. The market has adjusted price accounting for reductions in future earnings. Backwards PEs are of little value to an investor we don't pay for the past we pay for the future. A stock may trade at trailing PE of 30 and seem expensive compared to the market avg of 22 or so, but if it's growing faster than the market that 30 PE may be a steal if the company is actually trading at a PE of 14 on 2025 earnings.
Currently Delta's PE Ratio is like -3000, so I have a limit buy set for $35.70. We may already be past this strike level, but am I thinking about his point correctly? Travel is beat up, so why not get into a big quality company now? The example he uses in the book is Johnson & Johnson, when one of their factories got in trouble for having bad books. The stock dropped like 16% in one day. He says focusing on unpopular large companies, that make a lot of money, at a discount is an easy win. So, essentially, when a sector or company is unpopular, that's the time to buy.
In regards to Delta I don't see it as a big quality company, just my opinion.
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Tmac
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It's big. They make a lot of money. They're currently being traded at a low PE. They don't have a lot of growth opportunity in the market, but does that matter if I'm getting in at a discount?
If you don't see Delta as a big quality company, what's a better way for me to think about big quality companies?
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Want to hear a funny story. And by funny I mean fuck AWS.
I work as the lead security architect for AWS at my Corp. We spend millions a month. My technical rep gave me a fuck off response when I asked for a more detailed breakdown of the last outage in east 1 that our NDA would cover.
Their internal DNS is fucked and I guarantee it was log4j at first but introduced some other shit they won't own too.
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Shonuff
Mr. Poopybutthole
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Travel numbers are still close to 2019. Our agent, is a stewardess and her husband is a pilot for Southwest. She just dropped off our Disney stuff. Me being me, I ask her about travel counts. She said what the CEO said. They don't have a demand problem, they have a staffing problem. The shortage is mostly pilots, if they were off for a year, they have to go back to training. Her words, unicron hasn't slowed them down much (if at all).
Demand hasn't changed from 2019. They do have more pricing power than last year. But they have diluted their shares and taken on more debt. So they have higher demand, but balance sheet issues.
I think I posted on here, I bought ABNB and BKNG also, they are up 10% since then. You could play into travel without doing much airlines.
End of the day, nothing has fundamentally changed about the airlines from when they were 15% higher except for fear.
You can make your own choices; I've dropped 130k into travel, oil and gas banks.
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Blazin
Creative Title
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Not sure where you are getting your info, they trade an infinite PE they aren't even making a profit. They "may" be a value if they can return to $5-7/share EPS so not telling you to avoid it just that airline earnings can be very volatile, they tend to carry too much debt. You have a company valued at $23B with $35B in debt. Returns could be pretty nice on it with a 3-5 yr hold and they execute well and macro factors don't work against them (covid, fuel prices, labor, etc). I like companies that pay div and/or are retiring shares consistently. Healthy cash flows and balance sheets.
Shonuff
Mr. Poopybutthole
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One day people will figure out that this is essentially the end of covid. Just approved right now. Think what this means for your portfolio. Or, stick your head in the sand and miss out.
www.wsj.com
Pfizer’s Covid-19 Pill Is Authorized in U.S.
The Paxlovid pill is the first Covid-19 drug cleared in the U.S. that newly infected patients can now take at home to stay out of the hospital.
www.wsj.com
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Tmac
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Okay. I see what you mean.
Where's a good resources to see company's books? Is there a general resource or do you have to find their earnings report and then deep dive and try to find this info?
Tmac
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One day people will figure out that this is essentially the end of covid. Just approved right now. Think what this means for your portfolio. Or, stick your head in the sand and miss out.
Pfizer’s Covid-19 Pill Is Authorized in U.S.
The Paxlovid pill is the first Covid-19 drug cleared in the U.S. that newly infected patients can now take at home to stay out of the hospital.
Your inputs are all fucky, so your outputs are all fucky.
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Zog
Blackwing Lair Raider
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Sec filings are pretty much all you get.
Shows pretty much everything you need with earnings call layered on to top to see if they are doing what they should be. All company websites pretty much have an investor section that has their info for forward guidance.
The airlines recently had a sitdown a committee with Congress or the Senate, i didn't really pay attention, it was about possible bailouts. These are always important.
Tmac
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Tmac
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Big Phoenix
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