Bibic Jr

Reclaim what you should own:

[Bibic Jr @Bibic_Jr]

https://t.co/v5ZtL2lunD

[WhyDRS @whydrs]

Custody is such a crucial part of investing, and doesn't get as much attention as it deserves. DOLE is one example where investors holding through a broker without direct custodial claim had worse outcome as a result.

Source: https://t.co/3qVrrL2QNJ

[Bibic Jr @Bibic_Jr]

@beyond_mythos @6days1week @tehchives The DRSGME broker guides are applicable to all stocks! Just need to swap out the company and transfer agent info. Working on making a guide builder for all stocks currently 🙂

[Chives @tehchives]

https://t.co/ph3P3sXpD5

[Chives @tehchives]

https://t.co/GXtziEP6R3

[XXIM Podcast @xximpod]

Our latest Guest Interviewed @SECGov Chair @GaryGensler

We sat down with @tehchives founder of https://t.co/ltugxZOXpB a DUNA (Decentralized Nonprofit Association) to discuss "Not Your Name, Not Your Shares"

Full video - https://t.co/ksZNW5LaGO

#DRS #DIRECTREGISTRATION

[Chives @tehchives]

https://t.co/XsYZq3y93m

[Green Giant (aka mozooz) @Green_Giant_Mo]

@TeslaBoomerMama @rw32niemann @whydrs @tehchives @6days1week @beyond_mythos @Bibic_Jr If anyone is looking for more resources on the subject, be sure to bookmark https://t.co/ndim7NbQm4.

Tons of tools and information there.

[beyond-mythos @beyond_mythos]

RoBB grade: Early Harbinger of Corporate Mortality

Disclaimer: The RoBB grade may be a useful tool for highlighting potential over-reliance on buybacks as a financial strategy but should not be the sole determinant of a company's investment quality or the competence of its management. None of this is financial advice.

I've been studying cellar boxed companies, and the most obvious data point I've found that may indicate whether a company is being destroyed from inside is the "Return on BuyBacks" of shares (RoBB for short [1]). I've created a grading system that will be tweaked over time that I call the "RoBB grade".

An "A" grade will be given to companies that bought back shares at "low prices" and an "D" or "F" grade will be given to companies that burned their cash buying back shares at high prices before or sometimes even while watching their share price fall.

The thesis is that without an interfering activist investor A) most "D" grades will turn into "F" grades within probably 2 years and B) most "F" grades will go bankrupt within probably 2 years.

E.g. $GME and $BBBY were F graded as @ryancohen wrote his letters to the boards. Under some circumstances those "F" graded companies can be "deep f*cking value" when the company is turned around.

But even if not, shareholders may be able to demand recovery as "[...] a share of stock carries a default right to sue for breach of fiduciary duty" [2], like the running case against former $BBBY executives where share buybacks are directly addressed.

[3]

To combat the feedback loop that is created by negative price movement being correlated to an D or F grade (not caused by),

- we will only use those companies with positive accumulated operating income for 10 years whereof at least 30% is spent on share buybacks, thus a significant investment where executives and boards should be held accountable for

- further checks / DDs should be applied to verify that the company is more likely killed from the inside without the core business deteriorating naturally and executives doing everything to save the company. Like was cash held at dangerously low levels, where there massive impairments for strange reasons, where there big inventory cuts, was high interest rate debt deployed after the company spent money on share buybacks, where there overpaying acquisitions, were there big payments unusually early or late, were there unfavorable sale-and-lease-back agreements, was executive compensation excessive? [4]

[1] https://t.co/eqHYxUMent
[2] https://t.co/wStxTCndlr
[3] https://t.co/TBTfyTRtGh
[4] DDs for $GME, $BBBY, $CHWY, $BIG, $M, $WBA, $KSS https://t.co/5cNxipixeT

Thanks go out to @6days1week, @JackSpades123, @tehchives and @Bibic_Jr

[Bibic Jr @Bibic_Jr]

@goinglongtessla @TeslaBoomerMama @rw32niemann @whydrs @tehchives @6days1week @beyond_mythos Sometimes it's in the terms and conditions of the broker so they don't have to ask or pay you interest. It happens with a lot of pension funds in the US too.

Then there are "mismarked" accounts that go unnoticed until you DRS the shares & have to wait for them to return first.

[AleXandra Merz 🇺🇲 @TeslaBoomerMama]

Great instructions on Directly Registered Shares from @rw32niemann.
@whydrs
@tehchives @6days1week @beyond_mythos @Bibic_Jr

[Bibic Jr @Bibic_Jr]

@rw32niemann @tehchives @herbertong @TeslaBoomerMama 3. If they continue to push back or claim it's a certificate request (DRS is like a digital certificate request) then ask to speak to a supervisor or even say something like "I don't want to have to make a complaint". That phrase makes things suddenly work surprisingly often.

[Bibic Jr @Bibic_Jr]

@rw32niemann @tehchives @herbertong @TeslaBoomerMama 2. Tell them it's a Digital DRS transfer to the company's transfer agent. Also known as a DTC W/T transfer (W/T stands for withdrawal by transmission). Tell them they can check with their back office about this.

[Chives @tehchives]

https://t.co/2shz2JUH7Z

[Chives @tehchives]

https://t.co/217iKIgSi9

[xavier carlier @Rookie_Xav]

@TeslaBoomerMama @whydrs @tehchives @Bibic_Jr I also thanks to you, in way to move some of my stocks from 🇧🇪 broker to DRS via ibkr to mitigate the risks. Thank you 😍 from Belgium

[Chives @tehchives]

@TeslaBoomerMama @whydrs @Bibic_Jr It is so wonderful to see investors be so curious, carefully review their options, take charge, and embrace ownership!

Great work!

[Bibic Jr @Bibic_Jr]

@toe_turkey @TeslaBoomerMama @whydrs @tehchives Here you go!

https://t.co/cEoeDKrwd2

[Brad Allen @unravelmedia]

@TeslaBoomerMama @whydrs @tehchives @Bibic_Jr You’re doing great work here @TeslaBoomerMama. It’s a complicated topic but is absolutely worth the time and effort to understand ☺️