GBA Presents: THE GREEN MARKET

stonedinvestor said:
How do we feel about this company. Van I shot this your way the other day for comment...
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I knew that sounded familiar.
From a year ago...

vanzandt said:
They ($SNX) spun off a division and made it a separate, independent company. $CNXC

"Under the terms of the separation, on December 1, 2020, stockholders who held SYNNEX common stock at the close of business on November 17, 2020—the Record Date—received a distribution of one Concentrix common share for every share of SYNNEX common stock held. No fractional shares of Concentrix were distributed."



CNXC =$101.21
SNX=$80.94


So basically your original share of SNX ($160ish) is now worth $182.15

Obviously Wall Street liked the idea, look at the chart of Cocentrix.

https://www.investing.com/equities/concentrix

This oftentimes happens.

It would be like owning one share of Amazon and them coming out one day and saying they are spinning of Amazon Web Services.

They say.... "we are spinning off AWS and as of (some date) for every one share of Amazon you own, you will now also own 3 shares of AWS.

Come that date, say AMZN is at $4000, it would drop to $1000 and the new AWS shares would each be worth $1000. You have 1 AMZN share and 3 AWS shares. So $4000 total. Even Steven.

Thing is, oftentimes the new company as an independent operation, if its a good company, the stock of that company takes off.

You'll hear the phrase "unlocking value".... this is what it means. When the parts of a company are worth more independently.

This is exactly what happened in your example.

Cocentrix took off from $80 to $101 because Wall Street obviously thinks its worth more than $80.
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SEAT is a SPAC but for some reason these Hedgies want to own it-- It's Red Ball Aquisititon think which I think Is Billy Bean the old A's talent guy/ GM So he would know about Seats.

Be nimble.
 
SNX has 9,000 employees // ROE 18% // 26.8 Billion rev<---- Trailing PE of 9!!! Just real value

50-Day Moving Average 112.97
200-Day Moving Average 119.82

TD SYNNEX (SNX)-Not sure how to play it. There's a free $4 there but it's a buy and hold set up maybe let it re take it's 50 day MA
NYSE - NYSE Delayed Price. Currency in USD

$107.69+0.36 (+0.34%)
 
I like these two Stoney.
That's a beautiful doggie on the left. They both are.
:thumbsup:
200w.gif
 
stonedinvestor said:
IF NFLX runs we will take profits... Don't want to be greedy.

Netflix price target raised to $690 from $650 at Stifel 06:50 NFLX Stifel analyst Scott Devitt raised the firm's price target on Netflix to $690 from $650 and keeps a Buy rating on the shares after the company reported Q3 results ahead of consensus and guided to adding 8.5M subscribers in Q4, which he notes is just above consensus. He is "increasingly confident" following last night's report that Netflix is "firmly on track to resume its normalized cadence of annual subscriber additions," Devitt tells investors, adding that he maintains his own Q4 paid net adds estimate of 10.1M.
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Hmmm. You are in this aren't ya? I remember, it was a good call.
Honestly, I think you could sell it right now pre-market, and get back in cheaper. I don't see it going up much over yesterday's close anytime soon Stoney. For real.
I'd move on.
Serious.
Take $627 and be done.
 
THIS IS QUIETLY DOING GREAT! -:wtf:

XPOF- WENT $12.39 I think that's where we highlighted it ----> It almost hit $18!!!!!! Then it crashed to $16.... Still a healthy 17% or so
Xponential Fitness, Inc.
$15.95----------------------
0.48(+3.10%)
 
stonedinvestor said:

  • In potential upside for Communications Services reports,Iridium Communications(NASDAQ:IRDM)is facing expected record net adds though the stock is only in line with where it was heading into the second quarter. The firm expects revenue and OEBITDA about 2-3% above consensus for this quarter
  • TuSimple Holdings(NASDAQ:TSP)should provide updates on a CFIUS investigation and the Driver Out test within the coming three months, and perhaps as soon as the earnings report - with positive outcomes possible from either or both catalysts.

Aside from NFLX only two ideas:

A) IRDM- Reports tomorrow. Buy Today>>>>>>>>>>>>>

B) TSP- Reports Nov 3rd..... Be in by then.
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I guess we sell the IRDM and move into TSP reluctantly....
 
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