RE:RE:RE:RE:RE:RE:RE:The case that FIRE is about to shake its demons and rip I'm actually honest unlike yourself.
My ACB is around 50 and I will trim some on the way up but I expect to own the vast majority of my position until the YTM is closer to 10-15%. There are some relatively risk free returns available at those rates so I rather own those all else being equal.
Are you short stock or not have any money to invest in anything else?
brentkosta wrote: Method. Care to be upfront and tell us what you bought those DB's at? Im just wondering if you are hoping others buy the price up so you can get out of your lousy position. No judgement if thats the case. Its common practice here on SH
Method wrote: maritimedreamer wrote: HI Method, although you have presented some very strong arguments for Fire.DB (had to do some research since) i am still a fan of the equity..... i believe the liquidity as well as the potential SP appreciation is far above what the DB will be able to offer. But as you have stated, right now a rising SP will rise both boats. I believe your investment strategy is sound, but i believe long term the equity will outpace.
Thanks for the civil response.
Why put all of your eggs in one basket though? You probably don't need liquidity on 100% of your position.
Even if the common does nothing for the next year (I know that is not your base case), you still make 300%+ on the FIRE.DB. Do you think the stock will be meaningfully north of $1 by next July?