RE:RE:RE:RE:RE:RE:RE:RE:A little bird told me ...COHODES cashed 70% of his short on HCG to go LONG on overstock...
numbers of his offshores match up....
but he hasn't told anyone yet...
WBuffett1 wrote: Is that supposed to be impressive? What about the interest he is paying to borrow the stock since 2014? I recall he said he was paying 10% a year to borrow shares. Assuming the interest rate was never elevated and using super simple math for simplicity sake, he paid about 30% in interest so his net return is 44% for 3 years. 14% a year is not bad but this is supposed to be his best performing short. So together with his many other failed shorts, his annual return is probably in the low single digit and I am being very generous.
Tater78 wrote: Cohodes covers now and his gross return is 74%. Had he covered at 6 it would have been 88%. Think that might have been a little tongue-in-cheek.
As for WB, he liked the stock at 10, with 2x collateral on a 9% credit line. Given that deal, I might have gone long and I think this stock is worthless.
canader wrote: It's funny and a little sad how now you are running counter WB and Cohodes.
-WB thinks it's a good deal
-Cohodes resents not covering at C$6.
But you continue on your journey.
Tater78 wrote: All the analysts who missed Q2? The analysts who need to stay on the good side of management to try and win any additional financing business?
If you can't do even rudimentry analysis why are you buying individual stocks? Just buy some ETFs and live your life.
canader wrote: I will patiently wait for Q3 results. Thanks.
I am not going to repeat the work of other analysts who are more experieced in the field than I am. But the recommentations are basically buy or hold. You can go against the grain if you like.
Tater78 wrote: How? Use some numbers and put together a case that shows decent earnings. We'll call decent, greater than the analyst estimate of 36 cents a share. What will NIM be? Origination volume? Come on, you've put this position on, show the brilliant analysis that convinced you this was the best long out there.
canader wrote: You are right, a storm is coming, But you have the arrow pointing the wrong way ;)
MrSilbergleit wrote: ... a storm coming at earnings release!