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Why I’m ALL-IN On Tesla Stock

StukaFox says...

Bob, please read this carefully. I know we fuck around a lot here, but I 100% honestly don't want to see you get hurt financially.

Obviously, if you believe in TSLA, I understand you putting your money where your mouth is (full disclosure: I'm holding POTX and CURLF, so I'm on the same page with what I'm saying on this) but PLEASE don't bet money you don't have on TSLA.

“At 10-times revenues, to give you a 10-year payback (P/E 10, my note), I must pay you 100% of revenues for 10-straight years in dividends. That assumes I can get that by my shareholders. It also assumes I have zero cost of goods sold, which is very hard for a computer company.

That assumes zero expenses, which is hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that expects you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10-years, I can maintain the current revenue run rate.

Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those underlying assumptions are? You don’t need any transparency. You don’t need any footnotes.

What were you thinking?”

-- Scott McNealy was the CEO of Sun Microsystems
2002

At the peak of the Dot-Com, roughly 30 stocks in the NASDAQ 100 traded above 10 P/E. Today ALL stocks in the DAQ do: the average P/E is ~25.5.

TSLA is at a P/E of 175.

There is no American economy. There hasn't been since since October 3 of 2008. Things got catastrophically worse on September 17th of 2019 when the repo market came within hours of completely locking up in a catastrophe that would have made AIG look like a rounding error. The Fed was forced to firehose astronomical amounts of money into the system to keep this from happening and this was before Covid.

In Jan of 2021, there was $2.6 TRILLION in Zombie Debt out there. That's $2.6 TRILLION on the verge of default at 2021 interest rates. The Fed is now in a horrific position: raise rates and watch massive defaults explode like financial nukes, or keep rates steady and watch inflation implode the economy.

People don't understand how bad this is and how much worse it can get. If the Fed has to raise rates by 500 BP -- and Christ fucking help us if they do -- the first order defaults will be the worst in Capitalist history and the second and third order effects could very well be the nightmare scenario we came within 36 hours of in 2008.

Save your money, Bob. Cash is king. And fuck BTC.

bobknight33 (Member Profile)

newtboy says...

LMFAHS! More Cybernews.
Apparently the shutdown of Cyber Ninjas was a long term plan by CEO Doug Logan, known because he texted his plan to Republican president of the Senate in Arizona Karen Fann, as his way to escape 1) the toxic reputation his fiasco of a company has earned 2) the court order to turn over all records (he’s now claiming he doesn’t understand what “all records related to the 2020 election audit” means) 3) the millions in fines and debts he’s racked up 4)personal bankruptcy and now 5) death threats from Trumpists irate he didn’t say Trump won.
He’s dumb enough to think he can close shop, never comply with the courts, then just reopen under a new name, quietly rehire the same people, and move to another county/state to try this scheme again….and dumb enough to text all of that plan to a government phone, making it public record.

Trump’s best and brightest, and the right’s best hope of validation. 🤦‍♂️

bobknight33 (Member Profile)

newtboy says...

Big surprise, Cyber Ninjas closed. They say it’s because they’re getting daily multiple death threats from Trump terrorists, but it’s also to escape massive debts and fines.
Their results showed hundreds of more votes for Biden…like the others.
According to Maricopa county, cyber ninjas made 22 misleading claims, 41 inaccurate claims and 13 claims that were just totally false. The county said cyber ninja made faulty conclusions about more than 53,000 ballots in 22 different categories.
The company is now closed, owning the county $7500000 and rising at $50000 per day in fines for refusing to turn over their work….still…since August.
Not to mention the nearly $7 million they cost the county by invalidating every voting machine they touched.

This is why, since you once asked, these fake unofficial partisan audits shouldn’t be allowed. They’re expensive, they erode trust in democracy (something Republicans have already irreparably harmed on multiple fronts) and no matter what their results they won’t change any minds….you still think Trump won Arizona despite every scintilla of evidence and your (and multiple official audits) audit screaming otherwise.
I hope the CEO has to pay his company’s debts or be held in contempt….but being Republican I expect him to slip away and leave the now over $14 million price tag for their idiotic fiasco for taxpayers to pay….Trump hasn’t paid one dime for audits from the tens of millions he raised to fight election fraud, it’s all still in his wallet (or paid to his creditors).
Proud?

bobknight33 (Member Profile)

newtboy says...

So much for more Cyber Ninjas vote reviews….the CEO has said his company won’t do anymore after the hundreds of death threats he and his staff received after giving their report that found no fraud, no evidence of fraud, and widened the gap Biden won by by over 360 votes.
(And no, those results don’t legitimize their little review, it just shows that they weren’t willing to just make up evidence to fit their preconceptions under the threat of perjury and fraud charges.)

Since the Republican Party is a domestic terrorist organization, the death threats are not surprising, but it is gratifying to watch you all eat yourselves, like the fist fights among the factions at his latest rallies and the death threats against Republican senators that won’t break laws and ignore the constitution for Trump. Even MTG is getting attacked because her attempted impeachments indicate she believes Biden is the president, and that’s unacceptable to at least one caste in your cult.

I love it when a plan comes together.

bobknight33 (Member Profile)

newtboy says...

Hmmmm....now why, do you think, the CEO of Cyber Ninjas is refusing to speak to the house oversight and reform committee about his "audit"?

Could it be he has something to hide? He took $6 million to do his little vote review, and destroyed $6 million more in county equipment in the process, but feels no obligation to explain what they did for that money. I just can't imagine why, can you? Certainly not because it was just a sham, a scheme to defraud people of their money while publicly fostering doubt in our election system for political purposes. Couldn't be.

Oh wait, that's exactly why he's refusing to testify, and likely going on the run soon.

bobknight33 (Member Profile)

newtboy says...

Heads up….know this before you post more of the fake cyber ninjas review that claims the election should be decertified, the fake report Trump whipped out at his weekend rally and he claimed AZ Senators refused to accept…I’m guessing that’s where you got your insane numbers and conclusions, from Trump, not from reading the report….the actual report, not the fake one Trump wrote himself, doesn’t make claims of fraud found (only potential frauds) and doesn’t call for decertification.

“ There is a false version of the executive summary of the Maricopa county forensic election audit report that is circulating this false version claims to be an earlier version of the cybernetic ninjas executive summary, but because of supposed threats from the Senate, it was not used.
This is absolutely false.
The exact origins to the executive summary are unknown, but it was not written by cyber ninja CEO, Doug Logan, nor was it in any version that was ever sent or shown to the Senate for review, specifically the false version of the executive summary states the election should not be certified.” - Cyber ninja

He suckered you again with a blatant lie you could have disproven easily, but he knows you won’t ever investigate, so he can convince you of any moronic lie with no effort.

🤦‍♂️

Republicans Refuse to Move On from Donald Trump

bobknight33 says...

On Thursday &7/15/21) the Arizona Senate held a hearing on the ongoing Maricopa County forensic audit.

The audit team announced there were 74,000 ballots that were received and included in the 2020 Election in Maricopa County than were mailed out.

The Cyber Ninjas CEO Doug Logan reported this along with other issues already identified from their investigation

They found 74,243 mail-in ballots with NO clear record of them ever being sent!

The audit team also announced that ballots were counted that WERE NOT on the proper paper stock and WERE NOT in proper printing alignment.

Other ballots were marked with Sharpie pens that bled through the paper.

According to elections expert Jovan Pulitzer what was presented today was just the appetizer before the main course to come!

https://www.thegatewaypundit.com/2021/07/president-trump-wrecks-fox-news-bret-baier-latest-release-says-az-audit-findings-enough-already-change-outcom
e-election/

How Uber Is SCAMMING You

mxxcon says...

https://www.businessinsider.com/uber-pay-1-million-blind-passenger-arbitration-discrimination-ada-2021-4?amp
> Uber employees who investigated possible incidents of discrimination were "trained ... to coach drivers to find non-discriminatory reasons for ride denials" and even to "'advocate' to keep drivers on the platform despite discrimination complaints."

https://www.nydailynews.com/new-york/ny-uber-lawsuit-cruising-cap-20190920-5uvfu3q6czgyndcxbbgcxite74-story.html

Fuck UBER! deplorable and despicable company! Not just what was mentioned in this video, but also everything their CEO and management have done, encourage drug use, creating environment which tolerates and encourages sexual harassment, doxing reporters, doxing victims of rape by uber drivers, creating software to spy on customers, drivers, celebreties, gov't officials, drivers of competing services, etc etc etc

bobknight33 (Member Profile)

newtboy says...

Clearly you cannot read. The article is clear. The objective of the bipartisan group was not to win votes for either side, only to ensure a free and fair election in the face of the Trump administration's efforts to interfere and illegally sway results through lies, lawsuits, disinformation, voter suppression, and simple denial of reality and fact.

"There was a conspiracy unfolding behind the scenes, one that both curtailed the protests and coordinated the resistance from CEOs. Both surprises were the result of an informal alliance between left-wing activists and business titans. The pact was formalized in a terse, little-noticed joint statement of the U.S. Chamber of Commerce and AFL-CIO published on Election Day. Both sides would come to see it as a sort of implicit bargain–inspired by the summer’s massive, sometimes destructive racial-justice protests–in which the forces of labor came together with the forces of capital to keep the peace and oppose Trump’s assault on democracy.

The handshake between business and labor was just one component of a vast, cross-partisan campaign to protect the election–an extraordinary shadow effort dedicated not to winning the vote but to ensuring it would be free and fair, credible and uncorrupted. "


You are both dumb to try this lie, and a bold faced liar. You actually pointed us to your source that clearly says the exact opposite of what you claim. I'm pretty certain you didn't read it, because it's clear, and it calls you a liar too.

bobknight33 said:

The left subverted the election and admitted it in the article.

They colluded with the media, big tech, local and state governments with the sole purpose to sway voters and block opposition on a national scale.

I can read but can you take you blinders off?

Brokers MANIPULATING MARKET to save hedge fund billionaires

The World's Worst Oil Related Disaster You've Never Heard Of

newtboy says...

Screw the money, it won't save or rehabilitate the poisoned zones. Instead arm the Amazonians with military grade weaponry, and legalize the execution on anyone involved from rig workers to lawyers for Texaco/Chevron to the CEO and their descendants, wipe their DNA from the planet. It will never happen again if we give them what they deserve, slow painful death by massive petroleum poisoning.

Guy has a truly horrible airport experience

newtboy says...

Oh yes, I remember last times, 2001 and 2008-9. They've used 96% of cash flow to buy back stock, now they want another. Oddly enough, it's the free market believers that insist they should get more free money instead of letting the market decide, and that's why our airline industry is one of the worst, most despised industries where customer service is non existent. Why waste time serving customers when the government will give you more money for nothing? Not for stocks, cash, promises to keep employees, promises to upgrade aging fleets, just free money. It was a near guarantee they wouldn't improve anything, but CEO compensation would skyrocket....and that's what happened.

I would be ok with bailouts if there were stipulations freezing ANY buybacks or bonuses, requiring improvements in service and planes, and ownership of the companies equal to the bailout amount accepted as collateral that transfers permanently if they don't meet all the stipulations or miss any payments on the loan, no handout. Not going to happen, so neither should a third bailout in under 20 years. Let them fail, service will improve.

StukaFox said:

Newt, you don't know the half of it. ^

Guy has a truly horrible airport experience

StukaFox says...

Newt, you don't know the half of it. The reason they need a bail-out? Two words, my friend: stock buybacks.

Back in '16, good ol' AA was ~$20 BILLION in debt. Yes, their DEBT was larger than the GDP of some nations. Bad situation, right? What to do, what to do -- HEY! I got it! Let's spend NINE FUCKING BILLION on stock buybacks. In doing so, they turned $5b in reserve cash into $550 million. Trump himself couldn't have fucked this up worse if he tried.

It gets worse. Here, I will quote from Forbes:

"The numbers boggle the mind. American Airlines spent nearly three times its current value on stock buybacks over the last six years."

It gets even worse from there.

Over the last ten years, AA spent ~$13b on stock buybacks. You know what their free cash flow was over the same 10-year period?

-$7,935 million.

That's not a typo. Their free cash flow, unique among all major airlines, is NEGATIVE. The number on their -negative- cash flow is greater than the -positive- cash flows of Jet Blue and Alaska combined.

Guess where that money went?

Shareholders? Nope.
Employees? Nope.
Improvements to the business as a whole? Nuh-uh.

If you guessed "The CEO's pocket", you win a $4 Snickers bar. If you also suspect that any bailout will end up in the same place, I'm throwing in a free Baby Ruth or an Abbazabba (your choice).

That's right: your tax-paying American ass is going to bail out these cocksuckers not to save jobs -- no fucking chance in Hell that's going to happen -- but to make Doug fucking Parker, an asshole of utterly legendary proportions who made $11.5 MILLION in 2019 thanks to those buybacks, even fucking richer.

There's not enough Prep-H in the world to compensate for that level of ass-fucking. And you WILL smile when you're getting raped, otherwise it's getting stuffed in your mouth afterwards.

(BTW: when they started this financial cocksuckery, AA was ~$60 a share. On Friday, it closed just below $13. Dough Parker still made money. The funds, including pension funds, who invested in AA @ $60? Not so much.)

newtboy said:

And they think they deserve ANOTHER multi billion dollar handout/bailout from taxpayers, another socialist handout for free, no strings attached at all, but won't commit to upgrading service or even keeping employees employed (considering their competence level, that's reasonable, a monkey on meth would do better).

Ku Klux Klan Member interview-Chris

newtboy says...

You stupid stupid dishonest stupid man. He renounced them for decades before the photo with Biden ('08?), starting in the 40's when he left the KKK after a few years in. Trump is currently being supported by the active KKK membership and leaders as well as multiple racist hate groups. He has not renounced them or said he doesn't want their votes, instead he claims he doesn't know who David Duke is despite having discussed him at length in prior interviews and calls them good people, his tough guys. Democrats have renounced the KKK and racists publicly for decades. Derp.

https://www.independent.co.uk/news/world/americas/kkk-trump-david-duke-tucker-carlson-election-2020-a9609491.html

https://www.factcheck.org/2016/03/trumps-david-duke-amnesia/

If Biden is the racist, why do open racists all support Trump?

🤦‍♂️

Robert Byrd served as U.S. Representative for the state of West Virginia from 1953 to 1959, and as a U.S. Senator from 1959, until his death in 2010 ( here ).

Byrd was not a Grand Wizard or leader of the Klan. He was, however, a former organizer and member of the KKK. A Washington Post article reviewing Byrd’s memoir explains these years in more detail. Byrd later renounced his membership to the organization, although his early record in Congress on race and civil rights was mixed. For example, Byrd partook in a lengthy filibuster effort against the 1964 Civil Rights Act, but supported the 1968 civil rights act . A Democrat but conservative in values, Byrd decades later also criticized President Bill Clinton’s decision to push for the legalization of gay marriage.

In a 2006 CNN interview, Byrd expressed regret for the filibuster and called his time in the Klan the greatest mistake of his life.
In 2005, Byrd commented on his past membership of the Klan in his memoir and in an interview with the Washington Post said, "I know now I was wrong. Intolerance had no place in America. I apologized a thousand times … and I don't mind apologizing over and over again. I can't erase what happened."

During the 2008 presidential race, Byrd endorsed Barack Obama.

At the time of his death, the National Association for the Advancement of Colored People (NAACP), a leading civil rights organization formed in 1909 for the advancement of racial equality and elimination of racial discrimination, issued a statement mourning his passing. The NAACP’s President and CEO remarked: "Senator Byrd reflects the transformative power of this nation. Senator Byrd went from being an active member of the KKK to a being a stalwart supporter of the Civil Rights Act, the Voting Rights Act and many other pieces of seminal legislation that advanced the civil rights and liberties of our country”. ( bit.ly/33hn5V3 ) Then-President Obama eulogized Byrd.

https://www.reuters.com/article/uk-factcheck-biden-clan/false-claim-joe-biden-pictured-with-grand-wizard-of-ku-klux-klan-idUSKBN2103C3

McConnell, the Republican Senate leader, also spoke at Byrd’s memorial service — and other Republicans issued statements remembering Byrd. Texas Sen. John Cornyn said that Byrd was “a tireless public servant” and that the “Senate has lost a great champion, he will be missed greatly.”

Now go scourge yourself until I tell you to stop, you liar and fool. Trump made you look stupid again with another misrepresentation you regurgitated.

bobknight33 said:

And JOE BIDEN PRAISES FORMER KKK LEADER ROBERT BYRD AS A ‘MENTOR’
..

Goodyear



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