LCM Inc

My economic thoughts

[LandesTrust @LandesTrust]

For anyone thinking abiut buying $HTZ, ask yourself one question, "why isn't Ichan still an owner of the common stock?" While Hertz may not go away as a company, with $19 billion in debt, bondholders will carve up the business. The stock may be cancelled

[LCM Inc @LandesCapital]

If I am reading this correctly @FoxNews is suggesting that killing black men is good for the stock market. And POTUS is obsessed with the stock market. Makes sense now why he chose to gas his own people. Regardless of the opinion, peaceful protest is the bedrock of our republic.

[LCM Inc @LandesCapital]

GEO Group is shining light on their own darkness. Not a good move! Do you really want to sue Netflix or Jesus? Or Allah? Pick a foe. No good options. Let this go.

[LCM Inc @LandesCapital]

The rental car industry relies heavily on air travel. And while selling cars assets would help pay the noteholders, if Hertz all of the sudden puts some of its 550,000 cars on the market, the used car market may see further price depression.

[LCM Inc @LandesCapital]

Carl Icahn owns about 40% of @Hertz which may go bankrupt before the end of the month. If Deutsche and Barclays are going to save Hertz they will be putting their faith in a rebound in the rental market and/or the used car market.

[LCM Inc @LandesCapital]

Costco saw monthly sales decline for the first time in 10+ years. Mainly because people had already stocked up and didn't want to be around crowds of strangers. This may continue into June but will slowly come back to normal by late summer

[Jim Cramer @jimcramer]

Shorts scrambling: Peloton, Twilio, Paypal, BYND.. and maybe they should be...

[LandesTrust @LandesTrust]

A solid Covid 19 stock is International Paper. They are seeing a huge surge in demand for packing boxes and printing papers. We suggest $IP

[LCM Inc @LandesCapital]

The world is awash with too much oil as Covid19 sucked up demand, by limiting at driving, flying and industrial activity

[LCM Inc @LandesCapital]

The US governement sold $190 billion worthof Treasury bills and notes on Monday, including $42 billion of two-year notes.

[LandesTrust @LandesTrust]

Its sad that @AmericanAir raised bag fees for its trans Atlantic flights from $60 to $75. At an extra $150 per ticket many middle class Americans will be unable to travel to Europe.

[Justin Smith @AMS2Dad]

Gasoline and jet fuel margins are at a 14 year low. On top of that demand has slowed to a near halt. Perfect mix for prolonged have plunged to their lowest levels in more than 14 years. This is a perfect mix for a painful bear market.

[LCM Inc @LandesCapital]

@charliekirk11 Hunter Biden is NOT a public official. Did he profit off his father, probably. But Trump's kids give their girlfriends and mistresses jobs.

[Mohamed A. El-Erian @elerianm]

What if it's not just the risk of "zombie companies" eroding the productivity and dynamism of the economy...but also zombie #markets mis-pricing risk/mis-allocating capital due to heavy official intervention?
There are better ways to help people and minimize future hits to growth

[LandesTrust @LandesTrust]

While $JNJ is abuzz today, Inovio is still ahead of the pack. Price 75% below Moderna and already in Phase 2 testing.

[LCM Inc @LandesCapital]

@JoeySalads @realDonaldTrump With what money?

[LCM Inc @LandesCapital]

Goldman Sachs Group calls oil deal “historic yet insufficient”. The voluntary reductions by OPEC+ would only lead to an actual 4.3M bpd cut in production from level in the first quarter, assuming full compliance by core-OPEC and 50% by other participants in May

[LCM Inc @LandesCapital]

Investing in cruise lines will require accepting a very long time horizon for potential recovery. It will take year for $CCL $NCLH $RCL to repay debt needed to stay afloat. That will limit marketing and capital ex.

[LCM Inc @LandesCapital]

@Veteran4Trump @realDonaldTrump Please explain how Democrats would cheat? Is there something that would prevent Republicans from also cheating?

[LandesTrust @LandesTrust]

t least 7 supertankers carrying 14m barrels of oil are traveling to the US Gulf Coast. Compared to 2mi bbls in the same period in March. All tankers are chartered by the Saudi state-run shipping firm Bahri, according to the data compiled by Bloomberg.