Posted 4 April On 4/2/2023, 5:19:49, jeba said: That's probably a mistake. E.g. Hercules Capial (HTGC) has beaten Warren Buffets Berkshire Hathaway over almost any time span you look at (on a total return basis) since going public in 2005. There are many examples of beating WB in the past 15 years. And you can point one positive example, but I'm sure it's easy to point many negative examples, especially since you are talking 2005, i.e. with 2008 crisis in the middle. My point is that financial institutions have no underlying value. If a company is in trouble, there is underlying value in equipment, patents, production facilities, inventory, etc. If a bank is in trouble, there is nothing underneath and it can easily collapse or devalue considerably. 0 Share this post Link to post Share on other sites
Posted 4 April 3 hours ago, MikeMelga said: My point is that financial institutions have no underlying value. If a company is in trouble, there is underlying value in equipment, patents, production facilities, inventory, etc. If a bank is in trouble, there is nothing underneath and it can easily collapse or devalue considerably. HTGC is a business development company which has several benefits compared to traditional banks. BDCs pay very attractive dividends without having to pay corporate tax and they usually have equity in the companies they invest in (usually startups and young companies). Plus, they don´t face the risk of bank runs because they don´t have depositors who could withdraw their funds. 3 hours ago, MikeMelga said: There are many examples of beating WB in the past 15 years. Not that many which beat WB over almost any time frame while paying double digit dividends. 0 Share this post Link to post Share on other sites
Posted 4 April 20 minutes ago, jeba said: Not that many which beat WB over almost any time frame while paying double digit dividends. Except in some places where there is a tax advantage, dividends are just good to keep old investors happy. For most of the world, it's the same as selling a bit of your stock per year. 0 Share this post Link to post Share on other sites
Posted 4 April 3 hours ago, MikeMelga said: Except in some places where there is a tax advantage, dividends are just good to keep old investors happy. For most of the world, it's the same as selling a bit of your stock per year. That´s too much of a simplification. Rising dividends work like a magnet, pulling stock prices higher. Plus, they provide for the calmness needed to endure volatility. I´ve got a lot of stocks that have raised profits and dividends while their stock prices were heading lower. 0 Share this post Link to post Share on other sites
Posted 12 April On 3/31/2023, 11:20:49, MikeMelga said: Bought Amprius and GlobalFoundries early this week. Amprius is up 22%, GF 7.5%. I don't expect much with GF, but Amprius might be a good long term bet. Started looking into Amprius. It looks good. Analyst rating is also BUY and overall the product looks good for long term. The stock is around 8.5$ right now and has potential to go up. They have shown an example where their Silicon battery can give model-3 a range of 547 miles. If they are able to do that in few years it will be mind blowing, but then Elon can buy them or start exploring Silicon option in batteries. Their biggest threat would be competition. 1 Share this post Link to post Share on other sites
Posted 12 April 1 hour ago, CryptoAndBeyond said: They have shown an example where their Silicon battery can give model-3 a range of 547 miles. If they are able to do that in few years it will be mind blowing, but then Elon can buy them or start exploring Silicon option in batteries. Their biggest threat would be competition. That's a misconception. If Tesla wanted to do a 547 miles EV, they could do it right now with existing technology. The current EV battery tech is driven by cost and scalability, not by density. Tesla is actually going forward with crappier batteries (LFP) just because they are cheaper and easier to scale up production. I see Amprius as a potential first scalable solid state battery, that despite being expensive, opens up for many markets where that is not an issue, e.g. smartphones, drones, aviation, etc. Then much, much later EVs. 1 Share this post Link to post Share on other sites
Posted 14 April In my portfolio there are some securities (LTSL, HMLPF) which can only be sold but not bought, I guess for regulatory reasons. How can a fair price be established if there is no buyer? 0 Share this post Link to post Share on other sites
Posted 14 April 6 hours ago, jeba said: In my portfolio there are some securities (LTSL, HMLPF) which can only be sold but not bought, I guess for regulatory reasons. I think the reason is that both have been essentially taken off the market through tender offers (LTSL) 745 Capital Announces Extension of Cash Tender Offer for Ladenburg Thalmann Financial Services Inc. 6.50% Senior Notes Due 2027 through August 12, 2022 at $15.00 plus Accrued Interest, NYSE symbol LTSL (yahoo.com) or 100% buy back by its holding company in the case of HMLPF: Hoegh LNG Holdings schließt Übernahme von Hoegh LNG Partners ab | MarketScreener 0 Share this post Link to post Share on other sites
Posted 14 April 53 minutes ago, Straightpoop said: I think the reason is that both have been essentially taken off the market through tender offers (LTSL) 745 Capital Announces Extension of Cash Tender Offer for Ladenburg Thalmann Financial Services Inc. 6.50% Senior Notes Due 2027 through August 12, 2022 at $15.00 plus Accrued Interest, NYSE symbol LTSL (yahoo.com) or 100% buy back by its holding company in the case of HMLPF: Hoegh LNG Holdings schließt Übernahme von Hoegh LNG Partners ab | MarketScreener Yes, I know why they were taken off the market. What I don't understand is how anybody can determine a price if there is nobody allowed to buy. 0 Share this post Link to post Share on other sites
Posted 15 April 15 hours ago, jeba said: if there is nobody allowed to buy. Are you sure that "nobody" is allowed to buy or only a certain category of potential purchasers, e.g. John Q. Public or anyone except the tender/buyout offerors? Is the restriction being imposed by public law/regulation or by your broker's internal rules? If potential purchasers have been restricted to whatever entities are making tender offers or buyout offers then the price of those tenders/buyout offers would be the "fair market price" for valuation purposes. What different amounts you might be able to get for them in an actual exchange, of course, will depend upon finding a qualified buyer and then finding someone who can broker the transaction. 0 Share this post Link to post Share on other sites
Posted 15 April 5 hours ago, Straightpoop said: Are you sure that "nobody" is allowed to buy or only a certain category of potential purchasers, e.g. John Q. Public or anyone except the tender/buyout offerors? Is the restriction being imposed by public law/regulation or by your broker's internal rules? I don't know that. It seems at least like a distortion of the market though, if a segment of market participants are excluded from buying. 0 Share this post Link to post Share on other sites
Posted 9 June I've bought Amprius and Global Foundries 2 months ago. Amprius is 38% positive, GF is 10% negative. This is matching my expectations, I was not very convinced with GF, as said before. The last 2 weeks I bought the following stocks, at the moment I'm having 3-13% return: - Arvinas - Jacobs Solutions - Wesco - Coherus Biosciences - Sequans Communications These are all high risk, high volatility, high upside stocks. Tesla is going through an impressive run, It's +130% YTD. 1 Share this post Link to post Share on other sites
Posted 13 June Update today: - Amprius +44% - Arvinas +35% - Coherus +11% - Wesco +10% - Sequans + 6% - Jacobs +2% - Global foundries - 4% Average of 15% return. 0 Share this post Link to post Share on other sites
