What's your biggest position right now?

GPN at PE of 429.5? Seems like it could fall far, fast.
Assets flat over the last couple years. Increasing debt, and decreasing number of shares outstanding. Maybe going into debt to support the share price?
Negative tangible book value and P/B 1.19.
You're not worried?

Right now I would say VLO for me, buy I'm looking to sell soon.
 
Stubbornly I am still looking for a big upside move in UVXY for when the Vix goes back up, and bought 1500 shares end of day Friday.

I also bought CGC TLRY SNDL ROKU PTON SHOP etc
 
TSLA by accident. Bought it at the quarter before its Shanghai factory opens, skyrocketed to the moon since, even with 50% pull back.
 
engineering said:
GPN at PE of 429.5? Seems like it could fall far, fast.
Assets flat over the last couple years. Increasing debt, and decreasing number of shares outstanding.
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Don't get duped by the high P/E.. that's a rookie mistake. They minimize their income through reinvestment in the company. They're an acquisition machine. More importantly they're at a 24 EV/FCF ratio and they're inline with industry Price/FCF. And just an FYI, a declining shares outstanding balance is a good thing.
 
M.T. Valencia said:
Don't get duped by the high P/E.. that's a rookie mistake. They minimize their income through reinvestment in the company. They're an acquisition machine. More importantly they're at a 24 EV/FCF ratio and they're inline with industry Price/FCF. And just an FYI, a declining shares outstanding balance is a good thing.
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To each their own.

To me the P/E ratio is a giant red flag.
The repurchase of stock was around 1.75x the fcf. The increase in debt is around 96% of the share repurchase amount. So it looks like the shares were bought with debt not earnings, IMO.
That new debt seems to include convertible notes that have the potential in the future to be redeemed for significantly more shares than they retired.
GPN also entered into some kind of options deal to limit the effects of a potential conversation. If I was invested, I would figure out the details around those notes.
 
BMK said:
When do you think that's going to happen? o_O
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Very soon, eg within a week or two. Mainly bc Vix has dropped for the same length of time now as it did the last 2 times, before big upside reversals.
 
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