Gambled on RBLX yesterday. Small position.. We'll see how it goes.
You would think I should have learnt by now. But sometimes I'm just a sucker for yield. Those sweet dividends get me everytime and the fact they just raised it again simply melted my heart.You should be shaking in your boots based on the misnamed (and misleading) Stranded Fossil Fuel asset thread.
Although these are not shipping rates for the Great Lakes, I have been watching this chart lately, which is the daily charter rates for Panamax size ships for bulk shipping in the Pacific region. The Atlantic regions looks very similar. This industry seems to be coming out of a "perfect storm" scenario. In and around 2008 there was a big boom in shipping. Every shipping company ordered a lot of new ships, increasing supply dramatically. This really killed the shipping business over the next few years. Then new environmental regulations came in forcing many companies to scrap many of their older ships since they were not worth the upgrading costs. Then Donald Trump created a trade war. Then if that was not enough, hello Covid-19.Bought Algoma Central (ALC) as a value play. Also, they say shipping is in big demand at the moment. I'm hoping this can be a long-term hold.
Time to put money where my mouth is. Bought 500 at 44.89 today. P/E is under 12 at this point. Might dip lower short term, but I'm pretty sure green is more likely.Might start kicking the tires again on VIAC. A ridiculous near 60% drop over this week from $100 down to $40. A stock sale and some analysts saying they might not be able to execute on streaming. I sold most between 72-80. Looked stupid when it hit high 90's, but now looks like sheer brilliance. It's already bouncing back and I would expect next week would be strong green.