i think adoo is still holding. its not rubbish, its just coming out of bankruptcy, speculation now is over how much assets shareholders will be left with. speculation that it was worth $8; but i've already exited the position.
I only have like 13 of them so it’s not even worth selling. I’m just holding and seeing if it can magically get back to the $20+ range then maybe I’ll sell it. Can you buy back on your platform? On RH I can only sell not buy more.
new analyst price targets: APPS - $100pt from Oppenheimer / $132 from Maxim (lolz) GENI (former DMYD) - $31pt from Goldman Sachs
Hertz is a re-opening play, as well as a value play w re-opening and no debt, and backings from PE, it'd not be far-fetched to see Hertz to be operating like a multi-billion $ corp, a "going-concern" again. to that end, Hertz (now being traded on pink sheet) could be re-listed on NYSE. that's why i m taking a flyer on it. food for thought, Avis, w a book value of negative $4.5/share, trades at a stock price of ~~ $78 w this successful auction, Hertz's book value is > positive $1.5 / share.
made another re-opening play, 2 bullish plays on LVS sold a bullish PUT spread to defray the cost of a purchase of a bullish CALL spread
earlier this AM, my limit order to buy Jan 2023 100 strike CALL for $9.90 was filled. immediately, placed a sell order, good til cancell, on the same contract for $33,
I'm about to cash out on AMC, I don't think it's gonna go any higher and I've been holding since Jan 29. **** diamond hands...lol.
it appears that the lessening of inflation fear (market gaining confidence that Fed has a handle on it) has emboldened RH risk takers
clearly, you're clueless---having no comprehension---as to what this is all about Hertz Selects $6 Billion Bid From Private Equity Firms To Fund Chapter 11 Exit Effectively, this would provide for the payment in cash in full of all administrative, priority, secured, and unsecured claims in the Chapter 11 cases and would deliver significant value to the Company's existing shareholders including: $239 million of cash; common stock representing 3% of the shares of the reorganized Company (subject to dilution from warrants and equity issued under a new management incentive plan); and 30-year warrants for 18% of the common stock of the reorganized Company (subject to dilution by a new management incentive plan) with a strike price based on a total equity value of $6.5 billion, or the opportunity, for eligible shareholders, to subscribe for shares of common stock in the $1.635 billion rights offering at Plan equity value. i see it as an inexpensive recovery/re-opening play. the difference between Hertz and Avis is that while Avis continues to be heavily debt-ridden, as a result of this successful auction, Hertz is not. in a higher inflationary economic environment, it is much better to be debt-free.