2024 Stock Picks

Did I mention this company, trading just north of $4, has zero debt and damn near $4/share in cash and short term investments? (it did drop a tiny bit this time)

Hmmm... lemmee look.

Yep. I did:


vanzandt said:
Here's the crown jewel :

We ended the quarter with zero debt and total cash, cash equivalents and short-term investments of $290 million, which is $65 million increase from the prior quarter. The increase in our cash balance during the fourth quarter was primarily driven by $41 million of operating cash flow.

There is only 74M shares outstanding. That is $3.91/share. You're buying this company for $0.40/ share. :cool:

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vanzandt said:
Did I mention this company, trading just north of $4, has zero debt and damn near $4/share in cash and short term investments? (it did drop a tiny bit this time)

Hmmm... lemmee look.

Yep. I did:
More...
This one is better than SCVL, when I said it should be taken private. SCVL has doubled btw. Not bad for a B&M shoe-store.

vanzandt said:
I think if I had an extra $500M or so laying around, I'd buy Shoe Carnival and take it private.

It is now trading at a PE of 5.5, and I really like their stores. Clean, well run, 10X better than FL.

$500M compounded at 4% (using current granny bank rates) makes me ~$132M over the next 6 years.

Shoe Carnival, assuming they can maintain this horrible quarter's 2023 updated guidance of $3.25/share, makes me $532M over the next 6 years. After that, I own the company free and clear. VZ sits back on his yacht and collects $90M yearly (assuming, all things equal, zero growth, and most importantly, not lifting a damn finger).

Can their $3.25/share be sustained going forward? I think so. There's still a place for a bricks and mortar shoe store. Their e-commerce did well too. Yeah there's competition, but in the markets they compete... it's a classier place.

SCVL---> $21.87.

Don't expect great things, but it was a steal at $19 earlier.
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vanzandt said:
A business is a business is a business.
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But for Stoney and Darq... (ET's Unger from the movie "The longest Yard") go ahead and buy tomorrow's "gummy of the day" that is forecast to make 2 pennies/share in 2028 hopefully, burning thru cash, trading at a price to sales of "undefined", and a questionable story going forward... ---> if Seeking Alpha published it, and it merited a cut and paste to the GBA thread because it sounds like a "cool idea"... go all in.

Right Unger?
:sneaky:

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vanzandt said:
A champion for inclusion and diversity, Ms. Eglinton Manner was co-chair for Quest’s African American Employee Business Network and GE’s Women’s Network
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Hard to believe this is a real department in a company. She is the face of DEI.

I remember back in 1990 at UC Berkeley Affirmative Action was suppose to help African-Americans but in reality it just helped White Women. That was especially true at the MBA level.
 
nitrene said:
Hard to believe this is a real department in a company. She is the face of DEI.

I remember back in 1990 at UC Berkeley Affirmative Action was suppose to help African-Americans but in reality it just helped White Women. That was especially true at the MBA level.
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Hmph. Interesting. Now me... I see only two colors... green and red. Red today. Just a little.

OSUR made a nice move though. Up about 8%. :strong:
 
vanzandt said:
Hey TKO has earnings on 8/8, and the option action this on thing has been bearish as all get out.

I dunno.... but I would not short this stock. Safer plays elsewhere.

This is "one of those stocks"... the ones that only like to go up. Like RACE, ISRG, NVDA, CPRT, PWR, AJG etc. I forget a few of the others that I have dished up here over the years. But this is one of those fwiw. Imo at least.

But short away if you're so inclined. We'll see.

TKO ---> $108
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TKO--->$117
 
vanzandt said:
Hopefully someone bought this around $43 today. It still closed down though. $47.78. Decent bounce.They sand-bagged the guidance I'm sure. It's had a great run, and the sell-off was to be expected I guess, but the niche they operate in is high gear. Any and all cost increases they experience get passed on up the bidding food-chain. Build a hospital, school, data center or any other large project.... and you don't sub out to Joe's Mechanical LLC.

But we'll see. It is thinly traded.
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Limbach had a decent quarter. It gapped up to $64, pulled back a little to $59. It probably won't move much for awhile.

LMB---> $59.31
 
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