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Thursday, March 28, 2024

Bottom Fishing

These are not picks, they are trade ideas if you have money to waste on a long shot!!!

In all cases you take 20% and run like hell….

CVC – It’s not losing money when you depreciate $1.3bn!!! They also goosed operating expense to scary levels but I’m dubious about that as well.

AGEN – One day, one of these companies will actually cure cancer. People lost faith in this one just as they finally started a trial.

FMTI – Another biotech to put away for a rainy day. They were at $8 in ’04, I think $1.80 is about the bottom for these guys (but you never know).

JAS – everybody loved them, now everyone hates them. With a p/e of 10, I kind of like them.

FRN – Friendly’s for Pete’s sake! Sales are down but profits are up, I have no problem with that.

CRMT – It’s the auto makers that are losing money, not the sellers…

SGY – You would think the hurricane wiped out the whole company!

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