GBA Presents: RADIO SAVANT-!

stonedinvestor said:
Van- there is a whole lot of politics involved in this TV merger.

Standard General 'disappointed' to see FCC petitioners enlist Pelosi, Pallone 10/06/22 TGNA Standard General issued the following statement regarding its pending acquisition of TEGNA. The company said, "Standard General's proposed acquisition of TEGNA will yield significant public interest benefits without any countervailing public interest harms, including creating the largest minority-owned and female-led broadcast station group in U.S. history. We were therefore disappointed to see the FCC petitioners enlist the involvement of Speaker Pelosi and Congressman Pallone by misleading them with the same false statements they have been making to the FCC. While the Pelosi-Pallone letter decries the UHF Discount, the TEGNA transaction does not rely on the UHF Discount in any way.

Pelosi does not have that much power now.

As I read it this merger was first Ok'd and then Pelosi stepped in.. Why I have no idea but she buys alot of stocks.

This does have agood chance of being reversed (again) Good Spot V!
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Hi Stoney, top of the morning to ya.

Yeah it's at the top of my DD list this weekend to dig into their books a little. Elizabeth Warren was the one bitching about the merger, she said there'd be overlap and it would be anti-competitive.

There was a lot of strong volume at $16.50 last night, the shares were trading hands. That's institutional behind the scenes stuff. Whales executing pre-arranged deals.

They knocked it down there on very little volume... and then came all the action. Like I said, that's an institutional changing of hands. The company is solid, even before the deal... lot of debt though. Not unlike that dog you mentioned that still irks me... Sinclair. Not because of you, I know we both liked it at $29... but before you and I were interacting... I found it and knew it was a short at $59 and went in large... got my ass handed to me on a squeeze to $65. Lost a ton. And then it dropped bigtime. :mad: That's happened twice to me in all these years. I mean a big loss like that. Know what the other one was? Frigging I-Robot @$129ish. Called the perfect top, went short huge, and got destroyed. A few days later... bam... it dropped. And it's never looked back.

Anyway, back to this thing... lets do a little work first before we jump in. My biggest red flag at first glance though, like I said... all that debt. But we'll see. Gotta look at the cash-flow and see if the company is worth what it's valued at.

Hey did you see my ASRT held up yesterday amid the carnage?

https://www.elitetrader.com/et/threads/gba-presents-radio-savant.367042/page-1437#post-5768970
:p

Did you buy a new suit for Jimbo's shin-dig? I told him I couldn't make it so I think he got Jamie Dimon to fill my speaking slot. He was pissed.
 
stonedinvestor said:
Alright I'm out. Once again my demeanor on Friday was uncalled for. A bunch of things have been bothering me in my personal life: we were supposed to go down To Charleston to see my son on parents day but I had to cancel the trip last minute and the wife got angry etc.

I want to encourage anyone who wants to-- post your favored ideas on stocks.

~ stoney
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My favorite fund manager recommended the following TSX Oil stocks : BTE, TVE, ATH, MEG, CVE, WCP. TVE and ATH report I believe on Wednesday evening, MEG Monday night. The rumour is ATH will initiate a dividend or huge stock buyback maybe in April. TVE has languished lately because of a large sell order by another company. BTE I've mentioned in previous posts; it's a deep valued play at current levels. On Friday, Oil bounced up off recent lows and ATH rebounded close to highs in recent months. BTE kind of low balled the massive earnings beat but it's done that before then rallied hard. MEG is a pure Oil play with 35 years of inventory; I rebought some Friday before the analysts scheduled TV interview. Caught a 4% move so far holding into earnings. CVE has pledged to return all excess cash flow to shareholders when they meet a metric maybe in a quarter or two. WCP made a move on Friday kind of a delayed reaction to excellent earnings.

Note the new NYSE listing BTE might be a good way for you guys to make a volatile Cdn play; a more blue chip play would be CVE a company likely making $1B in excess cash flow this year. MEG is the analysts long term favorite but it's a frustrating stock to own at times so it might be more of a trade with Oil momentum. I do however like owning any of these on earnings days. CVE and WCP beyond earnings action require patience but are good places to park cash without full exposure to Oil volatilty.

We are getting into a normal strong seasonality for Oil stocks. WTI at $70 is likely a hard floor because Biden keeps selling SPR reserves at a record pace and he has vowed to replenish them if Oil drops below $70. Historically this kind of manipulation by the US govt has created short term spikes in Oil when the selling ends. The risk/reward on these companies is really good regardless some are selling at a P/E of around 3 or 4.
 
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Nine do you think Nat gas is bottoming here-- the stocks are acting like it and M&A in sector--

2 Baron's Ideas)- One is a Div aristocrat that we have but it has not performed... YET!

British American Tobacco stock could soar 25%, Barron's says 09:11 BTI British American Tobacco is a sleeping giant of the United Kingdom stock market that may be about to wake up, Callum Keown writes in this week's edition of Barron's. The stock has blown hot and cold in recent years, but the company is building an impressive portfolio of alternatives to cigarettes, while a pending regulatory decision over its Vuse Alto vaping product could provide a near-term catalyst, the author notes. Reference Link

> FirstEnergy should thrive as America goes electric, Barron's says 09:07 FE The U.S. is trying to wean itself off fossil fuels, and FirstEnergy, an Ohio-based electric utility, should be among that campaign's winners, Andrew Bary writes in this week's edition of Barron's. FirstEnergy looks like one of the better plays among public companies. It has a dividend yield of 3.9%, about a quarter-point above the sector median, and an improving outlook as it seeks permission to raise rates in several states over the next few years, the author notes.
 
The prospect of a shrinking business will chill many stock pickers and the decision on buybacks in particular could be a further deterrent. They are by no means the be-all and end-all, but buybacks work best when shares are cheaply valued, so the decision by chief executive Jack Bowles and chief financial officer Tadeu Marroco to halt them could be seen by some as a lack of confidence in the outlook.

However, the operating margin and earnings per share improved on an underlying basis, adjusting for costs related to the Russian and Belarusian operations and other one-off items.

Meanwhile, the combination of price increases and mix more than offset the ongoing global decline in stick volumes.

In addition, the Project Quantum restructuring program continued to deliver handsome cost benefits and underpin free cash flow, which still comfortably covered the £4.9bn annual dividend, with the prospect of more to come, as BAT moved to rationalize its management and business structure, and even withdraw from certain geographic markets.

Momentum continues to gather in the New Category product range, too. The number of customers has all but tripled to 22.5m in the past five years and revenues have almost reached £3bn, with Vuse and glo leading the way.

As a result, BAT now expects New Category revenues to produce profits in 2024, one year earlier than expected (and indeed the operations could probably go into the black quicker still, but management is sensibly prioritising long-term strategy over short-term financial wins).

Finally, a proposed 6pc increase in the annual dividend will please yield-hunters, while the decision to pause the buybacks looks sensible. BAT carries £40bn of net borrowings on its balance sheet and interest rates are still rising.

It also has some £11bn in net debt due to mature in the next three years so focusing on cash generation ahead of repayment or rollover looks prudent. Less debt means less risk and less risk can mean a higher share price, all other things being equal. BAT remains a solid option for income-oriented portfolios.


<<<<< This is a GREAT total Return candidate now!!!!
 
It will be very interesting to see which way things go Monday.

back to Friday, we predicted a flat close and we didn't get that but we did get good action off the bottom.. at around 11:00 am S&P 3,943 // 1 pm 3,949-

Use these numbers!

Then as predicted we made our move 3,949--------> 3,976!!!<-- Oh I was feeling good I spiked the ball and left. right again.

3:30 sell off ! What a bummer.... we ended up down 42. //

What bothers me is that last half hour sell off was human- driven. The computers would not of done that after the turn...

So it is a bit of a jump ball next week.

 
I have had SPACS on my mind for a few weeks now.

Prison phone company ViaPath in talks to go public through SPAC Tristar - report

We all know what a rip off these prison phone calls are... GREAT Margins as they say....
 

Ok This stk is going to scream Monday. We owned this back in the Covid days!!!
It was a $2 Stock <---------

Now post Covid it's down down down. In Jan they announce this at hme test and stk pops 20% Jan 3rd

This is followed by a perplexing filing for Bankruptcy! Feb 22<---- What!

Lucira Health to sell business and file Chapter 11 bankruptcy..

Only to get this news Feb 26-???????? // Why would you file?

Why not wait on FDA-? // Lots of questions....

It's going to do it's sprint out of the gate and then it will come back a bit and I don't see why this can't go back to $1.70 or so....

Do they yank back the Bankruptcy filing or is this all a big trick to get purchased...???
 
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