Continuing his Blogger Wisdom series, Tadas Viskanta asks his panel What company that is currently private would you most like to see go public? This could be for investment purposes, entertainment value or sheer curiosity?
Here are some of my favorite replies:
Peter Lazaroff, Peter Lazaroff, @peterlazaroff:
I’d love to see a U.S. sports franchise go public – preferably MLB or NFL. I’d be most curious to see the impact on competitive balance. Other items of interest in this scenario would be proxy votes, shareholder meetings, stadium financing, and impact attracting free agents.
Cullen Roche, Pragmatic Capitalism, @cullenroche:
The Trump Organization. They’re going to need to do a capital raise by the time Stormy Daniels is finished with them and I’d like to see their financials beforehand.
Jake, EconomPic Data, @econompic:
In-N-Out Burger because the battles between bulls / bears on twitter would be incredible when it opens trading at a 100x P/E. [Note from Charles: I’d do a long Whataburger / short In-N-Out Burger pair trade to stress the burger supremacy of Whataburger above all others.]
And naturally, here’s my reply:
The Spoetzl Brewery. As much Shiner Bock beer as I’ve flushed down Texas barroom urinals over the past 20 years, I ought to be an owner of the company.
Fun post from Tadas. To read all of the replies, see Finance blogger wisdom: future IPOs
Interesting price action in MLPs today. Some Twitter banter:
ETE and EPD both ended down on the day, along with most of the rest of the market. But it was a wild ride!
Random musings on the meltdown in REIT prices:
This is a bloodletting in triple-net REITs. $VER $O $NNN.
— Charles Sizemore (@CharlesSizemore) May. 8 at 02:35 PM
Glad to see $VER buying back shares. At current prices, that's a better use of funds than buying pricey real estate: https://seekingalpha.com/pr/16832306-vereit-inc-announces-200-million-share-repurchase-program
— Charles Sizemore (@CharlesSizemore) May. 15 at 08:57 AM
If $O drops another ~$2.50, its current yield would be over 5%. That would be a nice "buy, drop in a drawer, and never look again" price.
— Charles Sizemore (@CharlesSizemore) May. 16 at 11:54 AM
Federal Realty is at a new 52-week low. The REIT has raised its dividend for 49 consecutive years. $FRT http://www.crossingwallstreet.com/archives/2017/05/federal-realty-dividend-champ-at-a-new-52-week-low.html
— Eddy Elfenbein (@EddyElfenbein) May. 16 at 11:54 AM
@howardlindzon That's not the only REIT in the toilet right now. Some really good names down 20-30%.
— Charles Sizemore (@CharlesSizemore) May. 16 at 11:56 AM
@howardlindzon $O, $NNN, $STOR. All getting murdered by the "$AMZN destroying retail" narrative but all mostly Amazon proof.
— Charles Sizemore (@CharlesSizemore) May. 16 at 11:59 AM
@CharlesSizemore @howardlindzon $O doesn't have an amazon proof portfolio, and they have a large concentration in drug stores.
— DrKillinger (@DrKillinger) May. 16 at 12:06 PM
@CharlesSizemore @howardlindzon $O there are many convenience items serviced by drug stores today that are suited to the Amazon Go model
— DrKillinger (@DrKillinger) May. 16 at 12:07 PM
@CharlesSizemore @howardlindzon $O and many items sold by drug stores like cvs, walgreens, rite aid can be purchased for less on amazon.
— DrKillinger (@DrKillinger) May. 16 at 12:08 PM
@DrKillinger @howardlindzon We'll call it "Amazon resistant" rather than "Amazon proof," lol…
— Charles Sizemore (@CharlesSizemore) May. 16 at 12:25 PM
Somewhere there is a “Sell Rosh Hashana, buy Yom Kippur” joke to be inserted here:
The rare S&P 'bacon' formation @UPB: Smoked ham, crispy bacon, amazing BBQ ribs at end of this corpulent pig pattern
— Howard Lindzon (@howardlindzon) Sep. 23 at 12:57 PM
@howardlindzon, I'm afraid that chart pattern might not be kosher.
— Charles Sizemore (@CharlesSizemore) Sep. 23 at 01:04 PM
And in other markets, gold formed a chart pattern that should put a chill down the spine of any gold bug:
"@howardlindzon: Hav@chicagosean HEADS UP! The dreaded "State of Florida" pattern forming in Gold. $GC_F""
— Charles Sizemore (@CharlesSizemore) Aug. 18 at 10:40 AM
And finally, just because…
"@StockTwits: LOL. VIX down 8% "@Henry_Chinaski: $SPY $VIX $VXX $UVXY this pic doesn't get old""
— Charles Sizemore (@CharlesSizemore) Sep. 17 at 01:36 PM