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Friday, March 29, 2024

Comment by phil

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  1. phil

    That was a fun interview.

    I was explaining why I think the market is unsustainably overvalued and I said "It's like that horror film called "Get Out" where just the one time, early in the movie a guy goes to the main character "Get Out!" – that was his only warning."  You guys have all been warned too.  I have a really bad feeling about this market now. 

    Savi you missed nothing, same old up and up nonsense so far. 

    /NQ back to 6,300 and back to testing the weak bounce at 6,325 from last week.  If it starts spending more time below it than above it….  Get Out!!!!  6,350 is strong bounce.

    It's 55 degrees in NYC – I had a great walk back from Times Square (20 blocks) but it's sick that it's this warm 3 weeks before Christmas.

    Big Chart – 6,337 is the 50 dma, right between the strong and weak bounce so quite the area of contention for the Nasdaq.

    Corporate Profits/StJ – I have a huge issue with how they measure Corporate Profits since it's net of losses from other companies, which includes a ton of BS.  If I were home today I would have done a spreadsheet analyzing the Dow's profts, taxes, etc.  – hopefully I'll be in the mood tomorrow.

    GNC/Batman – I don't know.  They have a new CEO and now he's decided to wait on new financing until Goldman can do a full review of their best plan moving forward – how is that a bad thing?   

    GNC also announced that it has retained Goldman Sachs and Co. LLC as its strategic advisor to help the Board evaluate alternatives to optimize GNC's capital structure and other alternatives to enhance shareholder value.  GNC noted that it maintains a strong liquidity position, including $40.1 million in cash and cash equivalents and $246.1 millionundrawn under its Revolving Credit Facility as of September 30, 2017.  In addition, the Company reiterated its full year free cash flow target of $190 million to $210 million and reconfirmed its plans to repay the remainder of its revolver in the fourth quarter.

    And you can buy the whole company for $366M – yes please!  

    LB still off to the races:



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