Tesla self-driving recovery

Planning to open a new position tomorrow in $FRX. Hopefully, I can purchase under NAV.

Do you have any good resources on what it actually is doing? I see on their web page it has a three way merger with Beach Body and Myx happening. So why do they need a third company and why does this merger create value that the individual companies don't have?

Can purchase at or under NAV
Low float
Management has no sales qued for listing
Managements incentives are all at much higher evaluations
Roughly 20% short at NAV
Offsets a lot of my exposure to technology and adds to my subscription model
WFH will continue, will see more transitions to at home vs. gym
etc
etc

This post was edited by S3th on May 2 2021 12:06pm

Damn that does look good. Like, a mega fitness subscription company with a lot of great names behind it.

Do you know how the merger is going to work? Or is it done already? I'm not well versed in business and finance, so I'm not sure where to look for these kinds of details.

Not 100% sure how that works within a SPAC as SPACs are relatively new to me. I wish SPACs had more defined timelines once they announce the companies. I do believe once a SPAC chooses a company, they have to close within a year or something.

I'm mostly interested in how the stocks will transform in that time. Don't wanna buy a $10 stock now that gets repurchased lower during the merger or something screwy like that. I also just learned what a SPAC is, and that they're fairly contentious for some reason.

So as far as it being a SPAC, there is a trust holding its valuation at $10/share. So at a minimum, you are getting that if it fails to complete. So if you purchase under NAV, you can still profit.

I believe when it converts over, it will convert over at its current SPAC share price. Keep in mind, at conversion the stock could fall but I don't see why it would. If anything, funds now purchase it.

This post was edited by S3th on May 2 2021 01:56pm

The semiconductor space looks very interesting and appealing here.

I added today both through etf+ individual name.

Bought SMH and TSM for long-term holds. Already holding a fair amount of AMD. AMD I absolutely love here. It's been flat since last August while continuing to grow.

I just don't see how sales are not going to explode here when global carmakers are crying day and night about chip shortages and this is 2-3 year issue, not something that will disappear by next quarter. I'm trying to buy a mid-tier gaming PC and it's impossible to find reasonably priced GPUs. How is this trend not going to continue? Like when VR is mainstream are people going to all of the sudden say yeah no thanks I no longer need top-end CPUs and GPUs?

Electric cars and self-driving cars need way more chips versus traditional combustion engines. Smart homes, smart infrastructure needs chips. This is an industry that you have to try very hard to come up with a bearish outlook imo.

This post was edited by ofthevoid on May 3 2021 12:06pm

I tell myself this every day.. holding a lot of AMD myself.