I think there will be a lot of deals this Xmas.@vanzandt
Hey VZ, being one of the better "stock pickers" on ET IMO, I'd like to run something by you...
Conversing with fam and friends this weekend it "seems" XMAS is shaping up to be *very* practical. Not underwear, socks, and Olive Garden gift card practical, but rather practical as in life happens adjustments....
Like prime memberships, auto maintainance, gasoline gift cards, grocery gift cards, wellness/weightloss program subscriptions, Meal kit subscriptions, MintMobile annual prepaid smartphone service, etc etc etc.
I think you get the gist of where Im at. Many companies in this sphere are private.
I'm guessing you have at least an overall opinion on the idea and perhaps a pick or two.
As for this trade, nothing is screaming at me. But my own holiday shopping may include a few high dollar grocery gift cards.
A meaningless side note... In August I switched to MintMobile (T-mobile), prepaid for one year. No service problems in my area, and no monthly bill! Very cool.
Thanks for your time.
These companies are now sitting on tons of inventory.
As for Xmas presents, ya know what makes a really nice present if you have kids or grandkids and you don't mind spending a little money, one of those bed in a box mattresses like Purple. We bought two last year as gifts. I bet they get heavily discounted this year too. Lots of competition in that sector. Great beds though. The stock sucks however.
Tbh, I don't like any retail stocks going into this holiday season, for that reason. Even Stoney's OLLI which he was shouting about last week at $57... https://elitetrader.com/et/threads/gba-presents-radio-savant.367042/page-706#post-5677753 I've been saying all along is a good short. From the mid $60's. And they get their inventory from overstocks. It was $51 earlier today.
Let me think about it some. I'll find something.
