this is a hell of a first post, repped
nah
go two months back...
Go back to the march drop if you're really serious......
Thanks. I have been lurking in the thread for 4-5 weeks trying to learn something.
I guess I took the challenge from
@Serious seriously. I've read the 25,000 posts since the March crash.
For newbies like me, I highly recommend going back into the thread and reading from the March drop. Here are a few of the big picture things that I learned:
1. The importance of developing a consistent approach to DD including reading the balance sheets and earnings call transcripts.
2. The value of being a part of a community. Here, you can state your thesis. You might get push back, asked to elaborate, re-think, and/defend your rationale. That only makes you sharper. For example, the recent debate between you and
@Doomsday about DASH has been fire. Both of you brought heat, and we all are better because of the exchange of ideas.
3. The importance of collective DD. For example during the DASH debate, other members also brought facts, graphs, and analysis to the table. We are all busy, and the collective learning and sharing is crucial.
4. The need to keep your ear to the streets. Back in late March and April, airlines and casinos, especially BA and ERI, were at the center of the conversation in here. Things have changed so much right now. Those two rarely are mentioned now because better plays exist.
5. The embrace of the Ark Invest philosophy. Members have different strategies, tacitics, and timeframes. Yet, it is clear to me how much the Ark philosophy has become damn-near universally accepted, at least for now.
6. I have insights into the blue chip dilemma. My ex-girl is a VP at a Fortune 25 company. Her job is to find small- and mid-cap disruptive companies for her company to acquire. It is almost impossible for her to convince the higher ups to buy industry disruptor companies. As an outsider, I could see how these companies were a threat.
The CEO was focused on keeping the stock price stable and paying the dividends. She could not convince him that sometimes you have to cannibalize your business to save your company.
Seems like so many blue chips struggle to balance profits and investing in innovate through acquisition.
That makes these blue chips sitting targets.