DoubleAtotheRON
Well-Known Member
Damn!.. I really missed that one. I never thought it would have come back from $4 like that. I figured they were tinkering on the edge of bankruptcy.
Who else missed Caravan?
- Thread starter DoubleAtotheRON
- Start date
big bud man 413
Well-Known Member
Do you have money invested in carvana?
DoubleAtotheRON
Well-Known Member
Nope…. Thought they were on thier way out, but I was clearly wrong.
kingzt
Well-Known Member
I sure did but i also sold nvidia way too early so I let out a little scream whenever I see these prices. I still don't like carvana as a company. Not sure if they will last but it seems to me they pumped up used car prices by overpaying for cars to get supply. Now used cars and even brand new cars are rip offs. The supply chain and all that can't be the issue anymore
DoubleAtotheRON
Well-Known Member
The pre-owned supply chain is still thin, but after being in the car biz for 32 years, I sure felt like thier plunge to the bottom was going to be thier fate. I suppose there has been a post Covid rebound...... kicking myself in the ass for not buying at least 1000 at $4.
DoubleAtotheRON
Well-Known Member
Yeah 32 years at 9 different Franchise Dealerships. Held every position from back to front. It was good to me. .... or rather I was smart with my money unlike my counterpart co Managers. They're still working, and will till they die prob. ..... BA?.... long term I think you'll be fine. 52w high was $260ish. You may see a nice little gain down the road when they get all the MAX's software, and door hinge problems sorted out. There's a ton of things I wished I would have bought pre-Covid. Airlines, Cruise Lines, Moderna, etc. But, that's gambling for ya!... I just never thought it would turn into what it did. I did snatch HAL at $4 @ 1200 shares, and that one performed pretty nicely. Sold some at $44.99, and held most of it... just in case it decides to go back up to $75ish territory, which it has before. Just hold BA for at least a year to avoid Capital Gain taxes in the 25+% range. Long term investments over a year are capped at 15%.
DoubleAtotheRON
Well-Known Member
...Plus BA's EPS estimates through 2024 look very positive.
Rufus T. Firefly
Well-Known Member
While they have the benefit of being firmly entrenched in the US economy and I don't see that changing they have some serious corporate culture issues and it's not the Boeing of old since the merger with MD.
That's not a recommendation one way or another as I sold in summer of '21 and haven't really looked back.
DoubleAtotheRON
Well-Known Member
Ol' Jeff is cashing in on insider trades....over 6 Billion in a week is a pretty good payday LOL!
Rufus T. Firefly
Well-Known Member
Boeing Directs Airlines to Check Cockpit Seats on 787s After Latam Incident
The sudden plunge of a Latam Airlines 787 Dreamliner this week might have been caused by a flight attendant hitting a switch on a cockpit seat.
This kinda shit
Rufus T. Firefly
Well-Known Member
and then there is this, also from today
www.nytimes.com
United Airlines Flight Arrives at Oregon Airport Missing an External Panel
No one realized that the panel from the plane, a Boeing 737-800, was missing until it had landed safely, the airline said.
ooof-da
Well-Known Member
yep, I saw the bad press. I just find it interesting at this price point. I kinda feel like they have the staying power because of the defense contracts and the us govt won’t let them fail and like you point out they are entrenched in several ways. I think I will take a position next weekand then there is this, also from today
United Airlines Flight Arrives at Oregon Airport Missing an External Panel
No one realized that the panel from the plane, a Boeing 737-800, was missing until it had landed safely, the airline said.
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ooof-da
Well-Known Member
Ya he leapfrogged Elon right? I have done pretty well in Amazon (15.42%) annualized over ~4 1/2 yrs.
DoubleAtotheRON
Well-Known Member
IDK... I think they are pretty much neck and neck... but the weird thing is that The Bezos's, Walton's (Walmart), Chase, and many others have dumped thier own stock in the past couple of months..... something's up.
ooof-da
Well-Known Member
agreed. Q1 is typically when we see this but it has been some very large dumps.
ooof-da
Well-Known Member
Two questions for ya @DoubleAtotheRON
1. how did you manage that fairly large grow while also having to manage dealerships?
2. Do you buy extended warranties with your vehicle purchases?
DoubleAtotheRON
Well-Known Member
1. I only did the 2 jobs for a year... a very tough year. I had zero time on my hands. I retired out of the car biz in 2019, weed biz in 2022.
2. Never.
Being mostly retired now, I still work a few hours a week (1 day a week).... I just got up, so I better take a shit and get to work LOL!
kingzt
Well-Known Member
What do you believe the issue is for a low supply in the used market? There's alot of people kicking themselves for not capitalizing during covid. So many missed opportunities.
DoubleAtotheRON
Well-Known Member
In a nutshell... the "chip shortage" was created to prop the market back up. It was a tactical move on the Big 3 and others. Dealerships were digging into holdback (below invoice) just to sell a $90,000 F250 and only make a few hundred dollars. Once they created this, it sparked demand, and drove profits back up... Most Dealerships were getting away with selling at MSRP, or even higher. Another advantage for Ford was that they were able to shut down 2 plants to cut costs at the same time, and only take "orders", and build them as the orders came in. SOoOoo... the Dealerships didn't have to carry as much inventory on the ground, Ford didn't have to operate at an inefficient level, people were paying the price due to fear that they wouldn't be able to buy a car or truck, and this also propped up the used car market. They basically scaled everything down, but making more money at the same time.