I’ve set a goal to track my investment performance over the next 5 years with the aim to outperform the S&P500. If after that period I am unable to outperform I will simply buy the market and stop waisting my time and energy. This account is set up to document my progress + ideas

Once this market gets spooked… there’s not much that can hold it up… they won’t be able to print their way out of the next crash with the policies being employed by the new administration.

@hurdle_rate @goncalovalue1 @DeepValueStonks @SebKrog @rubicon59 How collectible do you think these ARs are? Or rather have been in the past? Are you applying a discount to these ARs when looking at NAV?

@DheerajNam I don’t think management mentioned anything hurricane related to the delays. It’s all legal work

@DeepValueStonks @SebKrog Massive accounts receivables on that BS… is it due from a couple customers or many? How sure are we that those ARs will convert? If so it does look incredibly cheap

@DheerajNam I’ll add to that and say it’s not the end of the world but still disappointed with execution

@PaulAndreola $SRES.V not exactly decent

I think the bear case for markets is the US experiences rising inflation due to Donald’s Trumps policies. With the market already being so overpriced there might not be much to hold it up

I’ve also made this bet without opening excel once. I’ve always kept up to date more or less with the company and liked what Bob was saying on his calls about the direction he sees their new releases going (appealing more to their fans rather than politics)

Currently got NAV of $1.12 after applying discounts with share price currently at $1.46. FY results will give a much clearer picture post asset sale. Hopefully see some inventory reduction

@nigelpm_uk @DeepValueStonks I think the way to think about it is that future earnings are the known unknown however if the new CEO can implement some sort of turn around whereby the company isn’t burning cash after a year or 2 then the value of the assets are cheap enough to justify a return

@DeepValueStonks Could probably discount inventories at 50% and come up with a rather decent looking RR

@DeepValueStonks Great spot