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Thread: Which stonks are you buying if any?

  1. #166
    Super MURCer UtwigMU's Avatar
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    Based Elon unbanned Trump from Twitter. Trump has too big ego to not tweet. Trump tweeting is good for stonks.

  2. #167
    Crabby Smurf Umfriend's Avatar
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    I've been saying for weeks that Twitter will be sold for less than 5bln. Maybe sooner, maybe less.
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  3. #168
    Moderator VJ's Avatar
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    Quote Originally Posted by Umfriend View Post
    I've been saying for weeks that Twitter will be sold for less than 5bln. Maybe sooner, maybe less.
    I'm still hoping that the Twitter-mess is really due to bad assessment/management, and not because Musk actively tries to force some market manipulation or even collapse some banks...
    pixar
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  4. #169
    Crabby Smurf Umfriend's Avatar
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    Quote Originally Posted by VJ View Post
    I'm still hoping that the Twitter-mess is really due to bad assessment/management, and not because Musk actively tries to force some market manipulation or even collapse some banks...
    With 44bln at stake? I don't see how that could collapse any bank. I wouldn't think banks funded even 50% of the deal and still using a group of banks. Moreover, they may have required security, say over Tesla stock or something.
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  5. #170
    Moderator VJ's Avatar
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    Quote Originally Posted by Umfriend View Post
    With 44bln at stake? I don't see how that could collapse any bank. I wouldn't think banks funded even 50% of the deal and still using a group of banks. Moreover, they may have required security, say over Tesla stock or something.
    Collapsing banks is indeed too big a word...Major banks committed 12.5bln, but that was in April and things have changed. Banks are not making other investments due to the losses they will incur on this one.

    https://www.reuters.com/markets/euro...es-2022-10-05/

    Musk is no stranger to market manipulation (for which he used tweets, so it is puzzling to me why he would destroy the chicken with the golden eggs)...
    pixar
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  6. #171
    Crabby Smurf Umfriend's Avatar
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    12.5bln, likely split among at least 5 banks and they'll be a senior creditor. Not a biggie. Edit: Also, I really don't think banks are more hesitant due to expected losses on this specific exposure. I wouldn't say there is a flight to safety but banks and institutional and large investors of all kinds are indeed more careful now then they were up to, say, a year ago.

    I worked on a transaction that closed this year. When we started last year we expected to pay a credit margin of 30-40 bps. It turned out to be 70 and it trades at 90.

    And yeah, it'd be great if he hyped Doge again, I got 75 of those and need to get rich fast.
    Last edited by Umfriend; 2nd December 2022 at 06:45.
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