Friday Addition Edition-SPACs, Rates and Day Traders

Sorry for the delay with this today. I had most of it written before lunch, but the power went out, leaving me with no internet and the original document perched on a powerless desktop.

Now the dedicated folks at Florida Power and Light have the juice flowing again, and we are good to go.

We continue to live in a world of opposites struggling.The reality of rising cases is struggling against the anticipated vaccine for the most important coronavirus story. The hoped-for full reopening of the economy is grappling with the fact that we see shutdowns and cutbacks emerge as the virus continues to spread. The hopes of an economic recovery that gets everyone back to work are opposed because we added more than 700,000 people to the unemployment lines this week.

For the most part, the stock market has sided with the vaccine, the eventual recovery, and everyone being back to work any minute now. While I get that the market tends to anticipate the future, at the moment, it appears to be anticipating economic activities going right back to 2019 levels, and the reality is that we will not see that until 2022.

To a greater degree than I like to think about, the best market analyst of 2020 has been Dave "Davey Day Trader" Portnoy of Barstool Sports. He has insisted that stock only go up and has made bets on garbage stocks that have risen as money from the frat bros that follow him has helped push the stock higher.

He should have lost millions with the dumb bets he made on stocks this year.

He didn’t.

He made money buying random stocks without knowing much about the actual companies he was trading.

Then we have the Robinhood crow who have used the brokerage to become ...

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Friday Addition Edition #4, Vaccines, REITs, Books and Banks

Speaking at an event in the European Union yesterday, Fed Chair Jerome Powell once again took Congress to task for not providing a fiscal stimulus package. Speaking at a virtual panel at the European Central Bank's Forum on Central Banking, ...

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Friday Additions: Private Equity, Real Estate and High Yields

I kind of suspected yesterday's rally would have a hard time gaining traction. Many of the headlines surrounding the coronavirus look good, and we are edging closer to election day, which I think has the potential to go horribly wrong. ...

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Takeover #1 for 2020-our 33rd in last 3 years

a 51% gianer form initial buy recommendation! The stock was on the buy list all the way up untillast Friday.

Southern Missouri Bancorp, Inc. (NASDAQ: SMBC, “Southern Missouri”), the parent corporation of Southern Bank, and Central Federal Bancshares, Inc. (“Central”), ...

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Make that a 3 takeover day! Deal Number 11

Evans Bancorp, Inc. ("Evans") (NYSE American: EVBN) and FSB Bancorp, Inc. ("FSB") (Nasdaq: FSBC), jointly announced the execution of a definitive merger agreement whereby Evans will acquire FSB for $17.80 per share for total consideration of approximately $34.7 million. The ...

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It is a two takeover Day-9th and 10th Deals of 2019

Kearny Financial (KRNY) is buying MSB Finacial (MSBF) for $18, giving us a gainof 79% and Cambridge Finacial is buying Melrose Bancorp (MELR) for $25 a share giving us a 37% profit.

That brings us to 10 takeovers on the ...

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Takeover #8 for a 240%+ gain

WEBK Bonus Bank Bought out for a huge gain. Over 240% at the clsoing deal price.


CAMBRIDGE, Mass. & WELLESLEY, Mass.--()--Cambridge Bancorp (Nasdaq: CATC) (the “Company” or “Cambridge”), the holding company for Cambridge Trust Company (“Cambridge Trust”), ...

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Low Returns, Great Stories and Waterfront Dining

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The Keys to Long Term Outperformance and two Great Books

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The Key to Long Term Outperformance and Two Great Books

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Takeover #7 for 2019 is an 85% winner for us

An 81% winner when the deal closes. Add in dividends receive and its closer to 85%. The deal price is a 32% premium to todays close. Add in the recent Best Hometown bancopr in the Community Bank Stock Investor focus ...

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Takeover Number 7 is an 85% winner

An 81% winner when the deal closes. Add in dividends receive and its closer to 85%. The deal price is a 32% premium to todays close. Add in the recent Best Hometown bancopr in the Community Bank Stock Investor focus ...

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