Chris Tagatac

35 years investing in public and private equity. Morgan Stanley and Bear Stearns Alumn. Grateful spinal cord injury survivor SCI. #morganstanley #bearstearns

[Chris Tagatac @ChrisTagatac]

@StockMKTNewz NKE has a 10 year average PE of 20. An all time low of 16 PE during the GFC. An all-time high PE of 75 during the pandemic. It currently trades around 17/18 PE. We are getting close, but to me it makes no sense to try & pick the bottom in any stock. Wait for the turn & pay more.

[Chris Tagatac @ChrisTagatac]

@ErnestWongBWM Yes

[Chris Tagatac @ChrisTagatac]

@JowiPozoX Diversification is a myth & the #1 reason investors underperform. Outperformance comes from concentrated bets when confidence & research ability are high. There’s a saying on Wall Street that bulls & bears make money & pigs get slaughtered. Be the pig if you want to outperform.

[Chris Tagatac @ChrisTagatac]

The K-shaped economy is causing consumer fatigue & wallet pressure across apparel (LULU), home improvement (HD) & fast food (MCD). What works in this environment? Off-Price (TJX). Household (PG).Grocery (KR). Utilities (DUK). Healthcare (LLY, UNH). Insurance (CB). Energy (XOM).

[Chris Tagatac @ChrisTagatac]

@OInvests It’s all the same trade.

[Chris Tagatac @ChrisTagatac]

@JasonL_Capital It’s all the same trade. Show us your net worth when the tide goes out.

[Chris Tagatac @ChrisTagatac]

@orrdavid His returns weren’t normal either. What’s great about normal? Howard is now the non-executive Chairman in charge of keeping the values and culture of Berkshire intact.

[Chris Tagatac @ChrisTagatac]

@leevalueroach You didn’t read the press release. Howard Buffet will serve as the non-executive Chairman protecting the values of the company. CEO Greg Abel will be running the company. Howard has been on the board of Berkshire since 1993 and has an extensice background in business.

[Chris Tagatac @ChrisTagatac]

@Mr_Derivatives Don’t let your 5 year old type out these notes going forward. It makes you look foolish.

[Chris Tagatac @ChrisTagatac]

@jzrdan Great post. I feel the same way, but I’d rather buy it at $50 with a catalyst.

[Chris Tagatac @ChrisTagatac]

@Mindset4Money_X Interest rates act like a fulcrum. Picture a see-saw. As rates go up the multiple for long duration assets like the 30 year & growth stocks come down. This reset has already begun for fixed income & beginning to impact the S&P 500 multiple having come from 22 to 20. 18 is next.

[Chris Tagatac @ChrisTagatac]

@BillJdc You’re stuck with Sorkin for 20 years minimum.

[Chris Tagatac @ChrisTagatac]

@taketheLearly Lace ‘em up. You’re in.

[Chris Tagatac @ChrisTagatac]

@DudeWhoInvests Recency bias for anyone saying NKE will be the worst stock to own over the next 10 years. More likely NIKE will fix the wholesale partner relationships, get back to splitting the biz into sports verticals vs gender & more likely the 1.3 Billion in China come back to the brand.

[Chris Tagatac @ChrisTagatac]

@BrianRoemmele I worked at Morgan Stanley from ‘89 to’03 at Times Square. Rick Rescorla became a touchstone figure within the firm as our hero on 9/11. Whenever the date comes around each year he’s the first person I think of.

[Chris Tagatac @ChrisTagatac]

@CathieDWood Low hire-low fire environment with wage inflation at very low levels. The economy is strong. Earning are strong. Valuations are elevated. Stock pickers market from here.

[Chris Tagatac @ChrisTagatac]

@ARKInvest @CathieDWood Corporate equities are currently 238% of GDP. 70% to 90% is the buy zone. 100% is fair value & anything above 140% is considered elevated. Corporate equities as a % of GDP are higher than 1987, 2000 and 2008. Let’s hope the AI Capex returns bear fruit before the tide goes out.

[Chris Tagatac @ChrisTagatac]

@FundamentEdge Suggestion. Take a break from social media.

[Chris Tagatac @ChrisTagatac]

@EdgeCGroup TGT is up 63% YTD. LULU is down 60% YTD. Anhueser Busch is up 24% YTD. Nike down almost 40% YTD. Different companies, different lessons. NKE abandoned a reliable dealer network. TGT got the mix wrong. Bud Lite lost the number one spot to Modelo STZ. LULU hit market saturation.

[Chris Tagatac @ChrisTagatac]

@HeyShobhan If he’s still a trader on the floor of the New York Stock Exchange, by definition, he’s an irrelevant trader.