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  1. #11001
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    Jan 2005
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    Quote Originally Posted by Benny Profane View Post
    Yeah, but, Flo and Skip are going bankrupt and leaving millions of Starbucks sized commercial spaces empty soon, while Starbucks hunkers down with a huge cash stash. That's the point.
    You are both right.

  2. #11002
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    Feb 2005
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    Quote Originally Posted by 4matic View Post
    Saw a permabull talking about the mall REIT's and he had a point but not sure the point is valid. The point is that many of these malls are prime real estate locations and the malls could be torn down and redeveloped into housing and other purposes. So at some point the Mall REIT's have intrinsic value especially if housing holds up. Look at that Casino in Reno that is being repurposed to a live work building.
    That in no way makes me want to be long SPG. Having said that my dumpster dives mREITs and CCL are todamoon - wooohoooo. Meanwhile CHK is down. All is good. No new COVID scams to report to short

  3. #11003
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    Quote Originally Posted by 4matic View Post
    Saw a permabull talking about the mall REIT's and he had a point but not sure the point is valid. The point is that many of these malls are prime real estate locations and the malls could be torn down and redeveloped into housing and other purposes. So at some point the Mall REIT's have intrinsic value especially if housing holds up. Look at that Casino in Reno that is being repurposed to a live work building.
    Why would the A location malls go away?*It’s the B/C malls that are dead, and they have little intrinsic value because nobody wants them.

    *and if they go away, where are retailers going to spend to acquire new customers?

  4. #11004
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    Dec 2012
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    Quote Originally Posted by Benny Profane View Post
    Oh, yeah, eventually, but, credit for Flo and family will be hard to find for a few years, at least. In the meantime, deaths of despair multiply.
    Haysus christos Benny, have you been paying attention to how much money the government is injecting into this economy?
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  5. #11005
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    Quote Originally Posted by Timberridge View Post
    Haysus christos Benny, have you been paying attention to how much money the government is injecting into this economy?
    Of course I have. Where is it going? Not to the consumer. To the large corporations. And god knows how many of Trump's cronies and everyone in Congress is getting rich with the well established offshore shell company game. Christ, the fucking cruise industry, which pays no taxes due to offshore registration, is getting big money. Not that a lot of the other corporations pay taxes, too.

  6. #11006
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    Another huh headline on Bloomberg.

    "After Vegas revenue topples 46%, Nevada plots a comeback."

    They only dropped half? Where is the other revenue coming from? I thought it was zero.

  7. #11007
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    Quote Originally Posted by Benny Profane View Post
    Another huh headline on Bloomberg.

    "After Vegas revenue topples 46%, Nevada plots a comeback."

    They only dropped half? Where is the other revenue coming from? I thought it was zero.
    You never watched a Martin Scorsese movie?

    You're a hopeless pessimist.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  8. #11008
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    Nov 2006
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    Quote Originally Posted by Benny Profane View Post
    Another huh headline on Bloomberg.

    "After Vegas revenue topples 46%, Nevada plots a comeback."

    They only dropped half? Where is the other revenue coming from? I thought it was zero.
    That statistic was for the month of March. Hotels didn't close until around the second half of the month.
    Gimme five, I'm still alive!
    Ain't no luck, I learned to duck!

  9. #11009
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    Quote Originally Posted by Timberridge View Post
    You never watched a Martin Scorsese movie?

    You're a hopeless pessimist.
    But, really, only half? It's a ghost town.

  10. #11010
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    Quote Originally Posted by St. Jerry View Post
    That statistic was for the month of March. Hotels didn't close until around the second half of the month.
    Oh.

  11. #11011
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    Dec 2009
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    Someone posted a link to a cruise forum earlier where cruisers seemed largely undeterred. If cruisers and gamblers overlap that's a boon. But getting to something like 90% occupancy and big profitability seems a stretch.

  12. #11012
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    Dec 2012
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    I also worry about Nashville. No weddings = no bachelorette parties.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  13. #11013
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    Quote Originally Posted by GeezerSteve View Post
    You posted numerous times that smart guys don't pay off their homestead debt because keeping the debt in place frees up cash to make more easy $$$ in the stock market. Did you go back and delete all those posts?
    Btw, a study of a few years ago showed that borrowing to invest never worked, at least over the last 700 years.

    Don't leverage.

    Sent from my Redmi Note 8 Pro using Tapatalk

  14. #11014
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    Quote Originally Posted by rod9301 View Post
    Btw, a study of a few years ago showed that borrowing to invest never worked, at least over the last 700 years.
    Why do companies issue bonds?

  15. #11015
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    Dec 2012
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    You may have him there.

    On the other hand, King Ludwig of Bavaria certainly falls within the 700 year time period. That fucker certainly learned the hard way.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  16. #11016
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    Quote Originally Posted by Timberridge View Post
    You may have him there.
    Maybe.. It could all collapse.

  17. #11017
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    Quote Originally Posted by rod9301 View Post
    Btw, a study of a few years ago showed that borrowing to invest never worked, at least over the last 700 years.

    Don't leverage.

    Sent from my Redmi Note 8 Pro using Tapatalk
    Leverage is great when things are good and can be devastating when they aren't. Several very famous examples.

  18. #11018
    Join Date
    Oct 2010
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    If anyone needs proof that the stock market is made up and doesn’t reflect the condition of most peoples’ economies, look no further than the March rallies. We’re back at where it was 12 months ago. Meanwhile there’s no spending going on, huge industries will be disrupted for years, and millions are unemployed.

    I’m going cash heavy and waiting on the next crash, probably won’t have to wait too long (either an explosion of cases two weeks after all these idiots start acting like there’s no pandemic or in the fall when the disease really explodes and coincides with flu season.)

  19. #11019
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    Quote Originally Posted by 4matic View Post
    Why do companies issue bonds?
    I'm talking about investing, not running a company.

    A company can have reliable cash flow, even when things go bad, so some debt can be ok.

    Of course today most companies have too much debt.

    An investor in one of my startups told me:

    You have plenty of operational risk, ie things will not go as planned, so you will lose money occasionally.

    Do not compound the problem by taking financial risk as well, ie have enough cash that you can overcome operational problems.

    Saved my ass more than once.

    Sent from my Redmi Note 8 Pro using Tapatalk

  20. #11020
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    Godspeed falcon3.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  21. #11021
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    Quote Originally Posted by Timberridge View Post
    Godspeed falcon3.
    Buy low sell high is the name of the game right? I don’t think it’s too much of a stretch to say the markets are overvalued right now given the state of the world.

  22. #11022
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    Yup.

    Gift from heaven right now. Sell high.

  23. #11023
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    Quote Originally Posted by rod9301 View Post
    I'm talking about investing, not running a company.

    A company can have reliable cash flow, even when things go bad, so some debt can be ok.

    Of course today most companies have too much debt.
    Corporate bonds aren't used for investment? If I invest in a company with debt I am investing with leverage. Individual Investors can have reliable cash flow too. I agree that passive investors should not use leverage fwiw.

  24. #11024
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    Quote Originally Posted by Mazderati View Post
    Someone posted a link to a cruise forum earlier where cruisers seemed largely undeterred. If cruisers and gamblers overlap that's a boon. But getting to something like 90% occupancy and big profitability seems a stretch.
    Cruisers are very sticky customers. They're basically addicted to the lifestyle.

  25. #11025
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    Quote Originally Posted by Falcon3 View Post
    Buy low sell high is the name of the game right? I don’t think it’s too much of a stretch to say the markets are overvalued right now given the state of the world.
    I think the only thing that will derail the equity markets is (are?) central banks raising rates. Everything else is but a bump in the road. With a long enough time frame, any valuation makes sense when borrowing costs are 0. “I’m buying stocks for the long-term” is the mantra right now.
    Charlie, here comes the deuce. And when you speak of me, speak well.

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