Considering Cramer's track record, you're probably better off doing the opposite of what he suggests.Cramer once said the opposite.. a company should go into debt to buy back it's shares!
The market is falling out of bed today and Powell hasn't said a word.A November hike is almost 50-50 now.
Oof Disney,
You were the chosen one!
Tomorrow looks to be a more important day than I thought. Not sure what Powell will say that we haven't heard before.
Companies that you buy from do borrow. Most of them*. So their costs go up. So they may pass some costs on to you (via less supply resulting in higher prices in the supply-demand curve). So these higher rates may affect you.I'll take higher interest on my savings. i don't borrow, so loan rates don't affect me.
I predict bankruptcy in 18 months or less for AMC.Well today was the day that many of the meme stock owners who were so, so willing to lose money, did lose money. The year long APE fiasco is over. Opened at $6.95/APE share, shot up to $9.35/APE share shortly later. Anyone who bought them and held on to them, were just forced out at $1.42/APE share. A nice 79.6% loss from the opening price.
AMC itself is down 64% for the week and down 85% during that APE experiment.
Cash of $435M, Liquidity availability of $643M, and losing roughly $1000M per year. They need a miracle, more than just Barbenheimer to make it those 18 months.I predict bankruptcy in 18 months or less for AMC.
We all knew this was inevitable, but you have to admit, the experiment worked for the company. They stayed alive longer than they should, and executives got their bonuses. Only the tax-payer got screwed as most of the money that went into AMC was probably pandemic emergency funds.Well today was the day that many of the meme stock owners who were so, so willing to lose money, did lose money. The year long APE fiasco is over. Opened at $6.95/APE share, shot up to $9.35/APE share shortly later. Anyone who bought them and held on to them, were just forced out at $1.42/APE share. A nice 79.6% loss from the opening price.
AMC itself is down 64% for the week and down 85% during that APE experiment.
As far as I could find, AMC did not get pandemic emergency funds. The only money given to theaters was small independent theaters. https://screenrant.com/amc-theaters-covid-19-relief-bill-no-funding/ But, I didn't search very hard, so maybe they got some pandemic money a different way.We all knew this was inevitable, but you have to admit, the experiment worked for the company. They stayed alive longer than they should, and executives got their bonuses. Only the tax-payer got screwed as most of the money that went into AMC was probably pandemic emergency funds.
It (indirectly) got pandemic money when the meme traders used stimulus money (given out when people were forced to stay home and later to stimulate the economy) to inflate AMC stock price up to $75 at one pont.As far as I could find, AMC did not get pandemic emergency funds. The only money given to theaters was small independent theaters. https://screenrant.com/amc-theaters-covid-19-relief-bill-no-funding/ But, I didn't search very hard, so maybe they got some pandemic money a different way.
Speaking of AMC, they are down another 8% today.
That contradicts their own recent admission.Threw some money into HE (Hawaiian Electric). The company states and has proof the power lines were off for 6 hours before the second fire started. If true and they get off the hook, they could return from 14, back to 39 over the next few months - year. Worse cause scenario is bankruptcy, which I put odds at 15% with this news. Best case scenerario is +150% gain which I put at 30%. Odds of flat to 100% gain I put at 65%. Thats a trade I am willing to make.
Hawaiian Electric says power lines were out for hours before deadly Maui fire (NYSE:HE)
Hawaiian Electric (HE) surges in early trading Monday after saying its power lines had been "de-energized for more than six hours" before the wildfire that killed at least 115 people in Mauiseekingalpha.com
The abc news article is a little more damning than the seeking-alpha one.That contradicts their own recent admission.
Hawaiian Electric takes responsibility for 1st fire, but faults county firefighters
Hawaii’s electric utility acknowledged Sunday night its power lines started a wildfire on Maui but faulted county firefighters for declaring the blaze contained and leaving the scene, only to have a second wildfire break out nearby and become the deadl...abcnews.go.com
Edit: I suppose they admit to causing the first fire and not the second. Where did the second fire come from then. From the first fire? Maybe it was just all one fire.
Bought some at $14 for a trade.Threw some money into HE (Hawaiian Electric). The company states and has proof the power lines were off for 6 hours before the second fire started. If true and they get off the hook, they could return from 14, back to 39 over the next few months - year. Worse cause scenario is bankruptcy, which I put odds at 15% with this news. Best case scenerario is +150% gain which I put at 30%. Odds of flat to 100% gain I put at 65%. Thats a trade I am willing to make.
Hawaiian Electric says power lines were out for hours before deadly Maui fire (NYSE:HE)
Hawaiian Electric (HE) surges in early trading Monday after saying its power lines had been "de-energized for more than six hours" before the wildfire that killed at least 115 people in Mauiseekingalpha.com