Author Topic: LAACZ - LA Athletic Co  (Read 25881 times)

Spekulatius

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Re: LAACZ - LA Athletic Co
« Reply #80 on: March 24, 2020, 04:14:30 AM »
Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025.
Dang - didn't have any bids out there.

Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25.

What's up in deep dark value land?

Lack of buyers , some forced selling. It’s the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot.

According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isn’t a good deal.
« Last Edit: March 24, 2020, 04:20:13 AM by Spekulatius »
Life is too short for cheap beer and wine.


Spekulatius

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Re: LAACZ - LA Athletic Co
« Reply #81 on: March 24, 2020, 01:34:06 PM »
Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025.
Dang - didn't have any bids out there.

Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25.

What's up in deep dark value land?

Lack of buyers , some forced selling. Itís the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot.

According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isnít a good deal.

Up 77% today to $1822 #feelsbadman for the forced seller yesterday. Crazy.
Life is too short for cheap beer and wine.

BG2008

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Re: LAACZ - LA Athletic Co
« Reply #82 on: March 24, 2020, 01:41:33 PM »
Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025.
Dang - didn't have any bids out there.

Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25.

What's up in deep dark value land?

Lack of buyers , some forced selling. Itís the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot.

According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isnít a good deal.

Up 77% today to $1822 #feelsbadman for the forced seller yesterday. Crazy.

Best performing name in my portfolio for the day!  I think between LAACZ longs, dividends, and the Public Storage puts that are up 17x or whatever, I may actually be net zero on my self storage investments this year.   
« Last Edit: March 24, 2020, 01:47:19 PM by BG2008 »

Spekulatius

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Re: LAACZ - LA Athletic Co
« Reply #83 on: March 24, 2020, 02:21:17 PM »
Yeah - 25 share sell order drove it from 1700 bid to printing 17 at 1025.
Dang - didn't have any bids out there.

Look at WXMN trading today as well. 1700 shares drove it down from 3.75 bid to a print at 1.25.

What's up in deep dark value land?

Lack of buyers , some forced selling. Itís the Wild West out there. Act accordingly and have your revolver loaded and ready to shoot.

According to my rough calculation the buyer @1025 bought LAACZ at an unlevered cap rate of ~20%. Of course the earnings may go down somewhat, but it is really really difficult to see a scenario where this isnít a good deal.

Up 77% today to $1822 #feelsbadman for the forced seller yesterday. Crazy.

Best performing name in my portfolio for the day.  I think between LAACZ longs and the Public Storage puts that are up 17x or whatever, I may actually be net zero on my storage investments this year.   

Well it was the worst performing name in my portfolio yesterday and the best performing today.
Life is too short for cheap beer and wine.

EricSchleien

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Re: LAACZ - LA Athletic Co
« Reply #84 on: March 24, 2020, 02:53:37 PM »
I find it weird the company doesn't break out opex. Does anyone have any idea about the breakout? Has anyone ever spoke to management about this?

EricSchleien

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Re: LAACZ - LA Athletic Co
« Reply #85 on: March 26, 2020, 09:57:03 PM »
I find it weird the company doesn't break out opex. Does anyone have any idea about the breakout? Has anyone ever spoke to management about this?

Bumping this. Any of you guys know the break out of opex?

BG2008

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Re: LAACZ - LA Athletic Co
« Reply #86 on: March 31, 2020, 09:20:53 AM »
Someone got lucky and got a fill at $1605 today, 1 share

EricSchleien

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Re: LAACZ - LA Athletic Co
« Reply #87 on: March 31, 2020, 11:48:31 AM »
Someone got lucky and got a fill at $1605 today, 1 share

Wow that was you...preventing me from hitting my 1,600 bid today. So rude! LOL

LC

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Re: LAACZ - LA Athletic Co
« Reply #88 on: March 31, 2020, 11:54:55 AM »
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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BG2008

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Re: LAACZ - LA Athletic Co
« Reply #89 on: March 31, 2020, 12:28:58 PM »