Yeah Great Question

Principal SIG Managment; Distressed debt, special sit, real estate, E&P

[Yeah Great Question @KassonM]

@linasbeliunas There's always money in the banana stand.

[Yeah Great Question @KassonM]

@DjokovicFan_ Who makes it?

[Yeah Great Question @KassonM]

@TravisBiziorek If that 3+% interest isn’t tax deductible but your earnings are have to adjust for that. Eg perhaps you need 5+% to break even.
Also, if that’s your deductible 1st mortgage, consider whether it blocks you from freeing up cash with a much larger deductible mortgage.

[Yeah Great Question @KassonM]

Getting a server error 500 when trying to log in to IBKR. Anyone else??

[Yeah Great Question @KassonM]

@SpecialSitsNews Sheer genius!!

[Yeah Great Question @KassonM]

@realEstateTrent He might regret that in a year or two.

[Yeah Great Question @KassonM]

@ReneSellmann Depends on so much! The relative vol of the stock (and its position in cap stack, eg pref?), what % of your assets/earnings is your stocks portfolio, and conviction, of course.
Give some of the above and I’ll give you my take.

[Yeah Great Question @KassonM]

@JewsAllies @JaredEMoskowitz @BillAckman Or… open them larger and replace the giving from certain Middle Eastern donors so they can not be beholden.

[Yeah Great Question @KassonM]

@Mr_Neutral_Man I totally agree, BTW. Much easier for me to flip through paper w physical bookmarks and pen scribble without being beholden to a digital platform. Easier to compare sections or other docs. Etc

[Yeah Great Question @KassonM]

@Mr_Neutral_Man Take a look at https://t.co/ymDs8mOnIE. Each delivery mechanism has its own page limit. Not sure if they do a box size which would handle more.

[Yeah Great Question @KassonM]

@nwsayer @vitaliyk That will teach her about the risks of sharing information with bad people.

[Yeah Great Question @KassonM]

@finnews15 @gw_investing Obviously we don’t know how much they’ve cut the burn, but just thumbing it, maybe < $1/share left by end of 24Q4. Then severance and windup from there. I’d like to see it lower than here. DMs are open if you want to discuss.

[Yeah Great Question @KassonM]

@finnews15 @gw_investing Curious as to your take @finnews15.

[Yeah Great Question @KassonM]

@finnews15 @gw_investing So maybe $60MM distributable with 41MM shares ($1.50/sh). Thats not bad but that they haven’t called it quits so burn could continue. Worth watching tho.

[Yeah Great Question @KassonM]

@finnews15 @gw_investing Cash is greater than market cap but I think Spruce’s large burn rate will have eaten most of it by their recent announcement. Not a big enough discount to cash yet for a play.

[Yeah Great Question @KassonM]

@MarcSGilbert Welcome to Livingston! 🤣🤣

[Yeah Great Question @KassonM]

@melissasavenko @restorecivility @ValueVinny In my part of NJ there are no successful brokers giving the house 50%. Most run 10-20%.