- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 2/13/21 at 8:07 am to EarlyCuyler3
quote:Marketwatch is a good free site. They, imo, do the best of tracking pre and after market hours out of the freebie sites I've seen. They have a lot of great info as well, though their live data lags behind some, but by that point, I'm on TDA, so it isn't a big deal. They also show the gains/loss for 1 day, 1 month, 3 month, YTD, and 1 year for super quick assessments. They are my go to site.
What are you using to break down growth by weeks, months, etc? Fidelity seems to do a bad job of this.
LINK
Posted on 2/13/21 at 8:16 am to KickPuncher
I’m adding QS to watchlist, anyone in this stock?
Posted on 2/13/21 at 8:58 am to bass
Recent coverage on Corning from Barrons. I didn’t have a clue Croning (GLW) was involved in anything other than cookware.
LINK
A few highlights
Corning trades for just 2.2 times estimated 2021 sales, versus 7 times for the PHLX Semiconductor index (SOX). The valuation disconnect shows up in earnings, as well, with the semi index trading at 26 times expected 2021 earnings, while Corning is at just 19 times.
Revenue in 2021 is expected to grow 14%, to $13.1 billion, reversing a 2% drop in 2020.
Display glass is Corning’s second-largest business, and the company dominates the market for glass sheets used for 65-inch-plus LCD televisions. Sales of giant TVs grew more than 40% last year.
CEO Wendell Weeks said on a recent earnings call that Corning can eventually reach $100 of content per vehicle—up from $15 a few years ago—through a combination of in-vehicle displays and environmental products.
Someone to keep an eye on, not a company to trade but may be a company to invest in.
LINK
A few highlights
Corning trades for just 2.2 times estimated 2021 sales, versus 7 times for the PHLX Semiconductor index (SOX). The valuation disconnect shows up in earnings, as well, with the semi index trading at 26 times expected 2021 earnings, while Corning is at just 19 times.
Revenue in 2021 is expected to grow 14%, to $13.1 billion, reversing a 2% drop in 2020.
Display glass is Corning’s second-largest business, and the company dominates the market for glass sheets used for 65-inch-plus LCD televisions. Sales of giant TVs grew more than 40% last year.
CEO Wendell Weeks said on a recent earnings call that Corning can eventually reach $100 of content per vehicle—up from $15 a few years ago—through a combination of in-vehicle displays and environmental products.
Someone to keep an eye on, not a company to trade but may be a company to invest in.
Posted on 2/13/21 at 9:36 am to TigerHouTexas
Posted on 2/13/21 at 11:20 am to cgrand
quote:
I don’t completely understand the instruments they are using, just what I’m finding on twitter from the fintwit nerds is that it’s happening.
Any link to the instruments or instrument talk?
I have to say I’ve watched your posts on some of your picks and have found myself from a fundamental point of view to not dive in - but you have been a machine!
When I saw your post about gogo a few days ago I decided to dip in - so Um thanks lol
Would be curious on those instruments
Posted on 2/13/21 at 11:48 am to cgrand
for example
these are creditor settlements right?
these are creditor settlements right?
Posted on 2/13/21 at 12:53 pm to cgrand
Those are market trades (ie just like the stock, the bonds trade).
But here is what I can discern from all this and looking at the bond data. There is some really good news and some not so good news (but complicated not so good news lol).
The good news - The biggest piece of debt they have are the 9.875 interest rate notes that mature in 2025. That is the gut punch to the P&L and cash flow. Currently (like today), the Company really doesn't have a realistic right to redeem them (ie pay off or refinance). Contractually very limited and premium is steep for the limited amount.
However, come May 15, 2021 the Company can redeem at 104.875% (ie pay the dudes 5% above premium and be done with it). That would be done in part of the sale proceeds I assume but with refinancing the majority. That is where this guy's data comes in, the yield on the 2024's (ie what the market is asking for) is under 4% right now. That suggests we could refinance for that. If that theoretically happened, 2021 would comparable interest hit (ie the 5% premium to prepay, 5 months at 9.875%, but last 7 monhts at new rate... would probably wash) but 2022 would be much much much lower (basically the 4 percent if that is what they could get going forward. Huge effect on cash flow.
Edit: So what I think the twitter guy is excited about is volume occurring at that yield... it is liquid (relatively speaking) at that yield which makes refinancing look more promising
See next post the for the baddish news
But here is what I can discern from all this and looking at the bond data. There is some really good news and some not so good news (but complicated not so good news lol).
The good news - The biggest piece of debt they have are the 9.875 interest rate notes that mature in 2025. That is the gut punch to the P&L and cash flow. Currently (like today), the Company really doesn't have a realistic right to redeem them (ie pay off or refinance). Contractually very limited and premium is steep for the limited amount.
However, come May 15, 2021 the Company can redeem at 104.875% (ie pay the dudes 5% above premium and be done with it). That would be done in part of the sale proceeds I assume but with refinancing the majority. That is where this guy's data comes in, the yield on the 2024's (ie what the market is asking for) is under 4% right now. That suggests we could refinance for that. If that theoretically happened, 2021 would comparable interest hit (ie the 5% premium to prepay, 5 months at 9.875%, but last 7 monhts at new rate... would probably wash) but 2022 would be much much much lower (basically the 4 percent if that is what they could get going forward. Huge effect on cash flow.
Edit: So what I think the twitter guy is excited about is volume occurring at that yield... it is liquid (relatively speaking) at that yield which makes refinancing look more promising
See next post the for the baddish news
This post was edited on 2/13/21 at 1:05 pm
Posted on 2/13/21 at 1:03 pm to igoringa
The son of a bitch is they have these 2022 convertible notes. These bad boys are a gold mine right now (for holders not the Company). They pay interest at 6%
Simply put, it is a $240 million note, that is convertible at $6 a share! The Company does not have any redemption rights (ie they cant force redemption and refinancing). When conversion is requested or at maturity, they will either have to give a shite load of shares to settle this (40 million) or pay out that value in cash (think 40 million shares * stock price). Real cash
The ironic thing for us investors with the convertible is that the better the stock price does, the more we have to pay these guys... cost of doing business I guess.
Given the position this note is in, I doubt the holders will refinance without amazing terms (as they dont need to). The conversion option went LIVE in q4 2020 so conversion could occur at anytime from then to May. So that will be interesting.
As a side note, this bond last traded 1/29/21 at 233.20 (ie 130% premium)... I can understand why :)
Sorry if this bored or confused people - let me know if you have any questions
TLDR: GOGO will absolutely refinance the big debt on or around 5/15/21. Pretty much a lock. The convertible note will be the challenge
Simply put, it is a $240 million note, that is convertible at $6 a share! The Company does not have any redemption rights (ie they cant force redemption and refinancing). When conversion is requested or at maturity, they will either have to give a shite load of shares to settle this (40 million) or pay out that value in cash (think 40 million shares * stock price). Real cash
The ironic thing for us investors with the convertible is that the better the stock price does, the more we have to pay these guys... cost of doing business I guess.
Given the position this note is in, I doubt the holders will refinance without amazing terms (as they dont need to). The conversion option went LIVE in q4 2020 so conversion could occur at anytime from then to May. So that will be interesting.
As a side note, this bond last traded 1/29/21 at 233.20 (ie 130% premium)... I can understand why :)
Sorry if this bored or confused people - let me know if you have any questions
TLDR: GOGO will absolutely refinance the big debt on or around 5/15/21. Pretty much a lock. The convertible note will be the challenge
Posted on 2/13/21 at 1:05 pm to igoringa
Just joined WeBull and got 1 free stock between $8-1600. Any recommendations? Figured Tesla but open to recs.
Posted on 2/13/21 at 1:05 pm to Tiger_Eye
You get to choose your stock? 
Posted on 2/13/21 at 1:08 pm to Tiger_Eye
quote:
Just joined WeBull and got 1 free stock between $8-1600. Any recommendations? Figured Tesla but open to recs.
Wait what? I would say LVVV but it doesn't break the $8 price. So you cant laugh last.
So I dont think you get to pick with webull - i think they randomly give you one.
If you truly can choose - consider Shopify at $1455 or CMG at $1528.
This post was edited on 2/13/21 at 1:10 pm
Posted on 2/13/21 at 1:10 pm to Tiger_Eye
Friend,
Do you get to choose your free stock or is it more like a lottery where the stock is chosen for you?
If you choose, purchase the highest priced stock. Sell it and use the proceeds to purchase companies you think will do the best.
Yours,
TulaneLSU
Do you get to choose your free stock or is it more like a lottery where the stock is chosen for you?
If you choose, purchase the highest priced stock. Sell it and use the proceeds to purchase companies you think will do the best.
Yours,
TulaneLSU
Posted on 2/13/21 at 1:13 pm to Tiger_Eye
ISRG
Posted on 2/13/21 at 1:39 pm to igoringa
wow thanks for researching that.
we needed somebody who understands that shite
we needed somebody who understands that shite
Posted on 2/13/21 at 2:57 pm to igoringa
quote:
igoringa
Got damn. This is some great insight and why this thread is the GOAT
Posted on 2/13/21 at 3:18 pm to igoringa
Great stuff
Posted on 2/13/21 at 3:36 pm to cgrand
quote:
next week...FSLY & ROKU report
Plan on holding either one through earnings ?
Posted on 2/13/21 at 3:40 pm to ReadyPlayer1
yes both
I could be convinced to cash out of FSLY at some point but never ROKU. That bitch is going to 1000
I could be convinced to cash out of FSLY at some point but never ROKU. That bitch is going to 1000
Page 335 of 476
Popular
Back to top
Follow TigerDroppings for LSU Football News