milwaukee mike Posted June 17, 2021 Report Share Posted June 17, 2021 if you factor in the preferred equity of 225 million, and the back dividends they owe... aht has a negative 580 million of equity in a normal year they have 180 million of cash flow, with being hindered by the ashford agreement i would say it's worth about what it's trading at bhr on the other hand has a positive 200 million of equity, even after the preferreds, which they have been paying the dividends on all along... cash flow of 70 million, if ashford is worth $1 billion then bhr is worth $800 million (more than double the current price) Quote Link to comment Share on other sites More sharing options...
fifty cint Posted June 17, 2021 Report Share Posted June 17, 2021 Can any one tell me what a common stock spin off is or why it takes place? I own Merck and then one day a few weeks ago I own 4 shares of some other stock.Its like $21 and I own4 shares I think.....and did I pay for them??? Thanks Quote Link to comment Share on other sites More sharing options...
zzmocashzz Posted June 17, 2021 Report Share Posted June 17, 2021 7 minutes ago, fifty cint said: Can any one tell me what a common stock spin off is or why it takes place? I own Merck and then one day a few weeks ago I own 4 shares of some other stock.Its like $21 and I own4 shares I think.....and did I pay for them??? Thanks sometimes when a company sells or spins off part of its business, it's part of the deal Quote Link to comment Share on other sites More sharing options...
zzmocashzz Posted June 17, 2021 Report Share Posted June 17, 2021 you more than likely didn't pay for them, or no fees occurred Quote Link to comment Share on other sites More sharing options...
zzmocashzz Posted June 17, 2021 Report Share Posted June 17, 2021 In a move to free up a cash windfall and streamline the business, Merck & Co Inc (NYSE: MRK) had long planned to slice away its women’s health business into a standalone spinoff. As of Thursday, that spinoff, dubbed Organon, is now a public entity all its own. Organon & Co. (NYSE: OGN) debuted on the NYSE. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 17, 2021 Report Share Posted June 17, 2021 1 hour ago, fifty cint said: Can any one tell me what a common stock spin off is or why it takes place? I own Merck and then one day a few weeks ago I own 4 shares of some other stock.Its like $21 and I own4 shares I think.....and did I pay for them??? Thanks When I owned GE stock they spun off Westinghouse Air Brake and gave me a few shares. It's a nice surprise. Quote Link to comment Share on other sites More sharing options...
fifty cint Posted June 17, 2021 Report Share Posted June 17, 2021 Much thanks guys.This was pretty cool Quote Link to comment Share on other sites More sharing options...
zzmocashzz Posted June 18, 2021 Report Share Posted June 18, 2021 futures down a good amount, might be a good day for some cherry pickin Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2021 Report Share Posted June 18, 2021 3 hours ago, zzmocashzz said: might be a good day for some cherry pickin My thought as well... Quote Link to comment Share on other sites More sharing options...
WVU Posted June 18, 2021 Author Report Share Posted June 18, 2021 Penn is super cheap Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted June 18, 2021 Report Share Posted June 18, 2021 The whole market will be super cheap in another week or two Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted June 18, 2021 Report Share Posted June 18, 2021 2 minutes ago, WVU said: Penn is super cheap they keep losing market share to fanduel/dkng online business isn't worth nearly as much as many thought stock probably fairly priced here at 75 Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted June 18, 2021 Report Share Posted June 18, 2021 1 minute ago, joeybagadonuts said: The whole market will be super cheap in another week or two society breaking down six flags great america here last weekend... multiple fights (like usual), half the rides closed because they can't get any workers, have the food options closed because they can't get any workers spending 10 hours in the heat to go on 3 rides and wait in line an hour for a slice of pizza isn't most people's idea of fun... if you can't even have fun at an amusement park then we're all doomed Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted June 18, 2021 Report Share Posted June 18, 2021 7 minutes ago, milwaukee mike said: society breaking down six flags great america here last weekend... multiple fights (like usual), half the rides closed because they can't get any workers, have the food options closed because they can't get any workers spending 10 hours in the heat to go on 3 rides and wait in line an hour for a slice of pizza isn't most people's idea of fun... if you can't even have fun at an amusement park then we're all doomed Yup. I agree. Shit will hit the fan soon check out the reverse repo market the last few weeks Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted June 18, 2021 Report Share Posted June 18, 2021 44 minutes ago, joeybagadonuts said: The whole market will be super cheap in another week or two Yep that's why I'm leaving the TSLA short alone....kinda bad I'm out playing golf most days and not even looking at it....but that's how much I think it's only a matter of time....and at $740 I can survive any goofy 1 day move... Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2021 Report Share Posted June 18, 2021 59 minutes ago, WVU said: Penn is super cheap I sold mine today at $74.xx. Bought at 13.xx and held it over a year. Bought more LAND, GAIN and ET with the proceeds. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2021 Report Share Posted June 18, 2021 Keep an eye on oil drillers and equipment suppliers, if oil keeps rolling towards $90+ there will be a lot of new wells coming online. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted June 20, 2021 Report Share Posted June 20, 2021 Tough ride with PENN. Portfolio went from +200k at peak to +40k, sitting at around 255k from a high of around 415k. Could sell 50 june 25th 75 calls and pocket around 8-9k tomorrow but if this keeps dipping hard still going to hurt. Even though I'm up 40k the stress is eating me up, probably better for my health to liquidate everything, take the 40k profit, and dump everything into XOM and collect dividends in a semi-safe stock. The extra 1,200ish a month in dividends won't make me rich but it will add a steady income with my rental properties and probably add some years to my life with this daily stress lol Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted June 20, 2021 Report Share Posted June 20, 2021 ERB Put the stock certificates down awhile and get active in JuiceFree Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted June 23, 2021 Report Share Posted June 23, 2021 On 6/18/2021 at 1:12 PM, Screw Andrews said: Yep that's why I'm leaving the TSLA short alone....kinda bad I'm out playing golf most days and not even looking at it....but that's how much I think it's only a matter of time....and at $740 I can survive any goofy 1 day move... A bitter pill to cover my 200 TSLA short today at $650....could have had at least $100 a share better...but still an ok profit TSLA crossing it's 50 day MA could be good for it short term.....will look to short again mid 700's Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted June 24, 2021 Report Share Posted June 24, 2021 On 6/20/2021 at 11:01 AM, ERBtheGREAT said: Tough ride with PENN. Portfolio went from +200k at peak to +40k, sitting at around 255k from a high of around 415k. Could sell 50 june 25th 75 calls and pocket around 8-9k tomorrow but if this keeps dipping hard still going to hurt. Even though I'm up 40k the stress is eating me up, probably better for my health to liquidate everything, take the 40k profit, and dump everything into XOM and collect dividends in a semi-safe stock. The extra 1,200ish a month in dividends won't make me rich but it will add a steady income with my rental properties and probably add some years to my life with this daily stress lol did you do anything? i think penn with covered calls against it is better than xom Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted June 24, 2021 Report Share Posted June 24, 2021 14 hours ago, milwaukee mike said: did you do anything? i think penn with covered calls against it is better than xom I sold 50 june 25th 80 calls for .40 cents a contract. Yeah I've been selling covered calls for a little while now, it is helping cushion the losses a little bit. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted June 24, 2021 Report Share Posted June 24, 2021 I've also been selling covered calls on SIX and CCL for a little while now. Few hundred bucks a week on each. Trying to stay afloat. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted June 24, 2021 Report Share Posted June 24, 2021 can't buy anything cause everything is up Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 25, 2021 Report Share Posted June 25, 2021 On 6/24/2021 at 11:33 AM, D-Hustle said: can't buy anything cause everything is up Oil. 1:33pm ET 6/25/2021 Editor's Picks The number of rigs drilling for oil in the U.S. fell by one in the latest week to 372, according to oil-field services company Baker Hughes Co. The nation's gas-rig count rose by one in the latest week to 98, Baker Hughes said Friday. The U.S. offshore-rig count was up by one in the latest week at 14 and up by three from a year ago. The U.S. oil-rig count is viewed as a proxy for activity in the sector. The metric last peaked at 1,609 in October 2014. Global oil benchmark Brent crude rose to around $75.31 a barrel Friday, while West Texas Intermediate crude, the U.S. benchmark, rose to about $74.05 a barrel. [email protected]Write to Dave Sebastian at [email protected] Quote Link to comment Share on other sites More sharing options...
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