05-23-2021, 06:52 AM
(05-11-2021, 09:12 AM)divmenow Wrote:(05-11-2021, 09:08 AM)fenders53 Wrote:(05-11-2021, 09:06 AM)divmenow Wrote:I am very good with owning ENPH long-term. How happy I am in the end very much depends on the entry. We'll see where the bottom is soon enough.(05-11-2021, 09:00 AM)fenders53 Wrote:(05-11-2021, 08:47 AM)divmenow Wrote: Way to go... . Join the ENPH club lolDude I am a charter member of ENPH. I made a few hundred a month the past year selling short puts while it ran. I have a few short puts that are WAY in the money after this bloodbath. I can only roll forward so much before I own $140 shares. I said here many times I was good with adding a real position starting at $125. If I am honest I need ENPH to head back to $120ish to be back to even. I wasn;t aggressive enough when it was truly cheap. I'll add shares to my growthy port in the meantime.
I also took a new position in PXD thanks to the secondary at $153
I needed to add another name in the sector to go along with CVX and EOG
now the only other sector I'm underweight in is leisure
Yeah yeah. What ever floats your boat lol
Well me too. Got in at $108.90
This will be a big winner for years to come. You have to add at some point, so why not today. I don't worry about making a few $ here and there . I'm in to win it lol
Are we having fun today
(05-21-2021, 05:12 PM)NilesMike Wrote:This is why I found your arguments unconvincing months back before you flipped. It was simply a trust issue. I didn't know how they would screw it up, but the debt could not be corrected quick enough for their past decisions. I was only using T for income, and you better be nimble or you lose your income. Nothing has changed. It took the market half a day to figure out the plan they hatched is nothing but a debt shell game. If it doesn't work out SpinCo slowly dies with debt, and the mothership ticker survives. Maybe in five years the yield returns to 7%+? The SP is likely to languish IMO, and maybe they can even grow the dividend as they transition back to a utility company. In the meantime apologists will write articles and pretend they somehow invented new growth. I will be absolutely shocked if T isn't rangebound, with a downward bias within a few quarters. There are so many alternatives with less downside risk.(05-21-2021, 10:53 AM)Otter Wrote:Your scenario is not attributing any value for the shares received in the new spinoff?(05-21-2021, 06:29 AM)NilesMike Wrote: I would not leave T for dead just quite yet.
"New" T w/o a large part of their debt, focused on T business, along with shares of the new entity may just work out well.
4%+ yield with the offer of growth is not bad.
I'd rather avoid the 16% drop in equity to $25/share (my guess as to where it ends up after slashing its dividend nearly in half). Lots of ETFs and other funds that own T as an aristocrat will be forced to divest, and a number of DGI investors who have relied on T as a big chunk of their income will do the same (likely well in advance, hence the drop from the recent $32+ highs as soon as the merger/spinoff was announced). There will be additional carnage in the stock price when the cut occurs.
So, I'm out. T is already in third place when it comes to 5G spectrum, and will be playing catch-up for years. Cooking up a merger/spinoff of an asset that was supposed to be a cornerstone of the business model just 18 months ago, and alienating your core shareholders in the process, is a sure sign of management that is inept (at best). I may invest in the HBO Max/Discovery SpinCo as a growth company once it debuts, but T is giving me strong GE/IBM vibes.