Anyone think wayfair will dip tomorrow? I’ve got a low cost spread on it, queued up.
Haha apparently this was one conspiracy too far. Child sex dungeons under a pizza place, yes. Buying children on Wayfair, no. Alrighty then. It was worth a shot haha.
Considering it was trading at sub $30 in March and is now around $220, I figured it could stand to have some pullback, especially for a company that isn’t driving a profit. My short position extends to earnings on 8/5. No way their revenues have justify a nearly 10X Q1 20 and Q4 19.
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Cali partially shutting down again for 3 days.
Tesla’s market cap swung 17% today.
This market is wild!
Gold is making an historic run atm.
Same with treasuries, which seems contradictory to me. TLT just hit an all time high this week. Come to think of it, pretty much every asset is making a historical run atm. I guess that‘s what happens to dollar-denominated assets when the value of the dollar falls through the floor.
Gold and treasuries are opposites in terms of inflation but not in terms of fear
CL A retail REITs people.
$SPG and $MAC
Insanely undervalued with 8% (reduced!) dividends. CL A space Retail will always be desired.
$SPG making pennies on the dollar deals left and right for BK retailers just to flip when the time is right or freshen up with hot designers.
Repurposed anchor space (think grocer or Amazon with a storefront and local distribution in back).
Peace!
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I don’t feel comfortable with retail REITs. I’m concerned the trend is too strongly in the direction of online shopping. Malls and outlets will struggle going forward. I like medical and senior living REITs and I own WY, a forestry REIT. An REIT that invests in condos, apartments and single family homes could be appealing to me.
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I don’t feel comfortable with any retail REIT other than SPG and MAC. So it’s a very small list.
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What separates those two?
Property portfolio quality first and foremost
SPG, balance sheet and best in class. Undervalued.
MAC, pure play high quality assets, extremely undervalued, but high leveraged.
Listen to both companies Q2 conference calls for perspective.
Stop listening to mainstream media about Retail apocalypse. Does not apply to class a properties.
Yes some will die, but the best will get stronger.
That’s SPG and MAC.
I bought into O, and will probably get more. Still paying dividends without a hiccup and up in value since I bought in. Certain spaces cannot be replaced by anything online. Home Depot for instance, is not in any way threatened by e-commerce. Not that it really matters IMO, that apocalypse is unlikely any time soon if it hasn’t happened at this point in Covid 19.
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And for the record, I did buy a little Tesla. Purely on spec, anticipating that stock split, and then I’m out when it kicks up. I do not consider it a long-term investment atm. It might become one again in a few years, but right now it’s purely for gaming the ups and downs to turn a little cash.
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Love O, hold 634 shares.
Sorry I was at that point thinking about Mall REITs.
I’ve got 400 grand in TSLA. LOL
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I don’t, but I have made good bank on what is there so far. I still see it as mid-term, not long-term. Depending. I think the batteries are the real money long-term.
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Not trying to make an analogy, just an interesting write up
@Legalsteel
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Figured this might be the best thread to ask…
Does anything exist where you can make automatic deposits from your automatically deposited pay check to a self managed investing app thingy? I like the idea of not having the option to skip or transfer less money… it just happens.