Quote (SBD @ Nov 23 2020 05:09pm)
I was doddling through Snap Inc.'s last 10K for fun and you contrast it to all the trash articles from seeking alpha motly fool etc.,all these titles saying blockbuster earnings, price targets of 45+ and you see the growing retained deficit, loss of cash on operations, huge losses year after year. But hey revenue is growing.
What a dumpster fire.
It brings me pleasure to watch this dumpster burn.
Im back to where I was in December, not a lot of consolation, though given I've contributed the entire time in between. TB and ZEB have led the charge. TD has always been my main bank stock but It got to a point where i had nearly 15% of all my holdings in one bank so I started using ZEB as my placeholder when in decision paralysis like I used to use TD. Honestly though they all trend in the same direction and if one falls the others will too so I'm not sure who I'm trying to fool.
Distributions continue to outpace interest on margin, so I remain leveraged at approximate 1/4 of available leverage.
Zero notable new positions. Biggest loser is KWEB.
Coming in this year with the expectations of making little net wealth gains despite our plans to continually contribute. They cant all be 25% + years.
This post was edited by SBD on Feb 3 2022 09:48am