Money Investing megathread extravaganza - Page 860

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**lewdog** · 05-18-2022, 03:30 PM

Quote:

Originally Posted by ChiliConCarnage

Following up Walmart's poor report. whatever Target said at earnings must have been awful. Down 25%. Took everything with it. Costco hasn't reported yet and got pulled down 12.5% today. That's a hell of a reset of expectations for companies of that quality. So much for your consumer staple blue bloods being "defensive", geez.

Between inflation and this insane labor market where we pay people 20-30% more than what a job is worth, these companies are being "squeezed" by their normal standards as the cost of doing business is through the roof on all sides. No way to control costs. Many companies have high valuations still, so we are finally seeing these blue chips being brought down to match the rest of the market.

PunkinDrublic · 05-18-2022, 03:52 PM

Quote:

Originally Posted by scho63

I would ask if you miss China but I am guessing with all the shit going on there, the answer is probably no.

I miss my friends sometimes in Beijing and Hong Kong. Never had any in Shenzhen or Shanghai.

I miss the women that’s for sure.

Hog's Gone Fishin · 05-18-2022, 06:16 PM

I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.

Peter Gibbons · 05-18-2022, 06:26 PM

Quote:

Originally Posted by Hog's Gone Fishin

I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.

If you are willing to pay enough, I can get it to you quickly from Colorado by running interference in a screaming chicken trans-am while my partner breaks trucking laws related time and mileage. For the right price, we might even follow up with an encore a few years later, but it really won’t be as good as the first one.

**Buehler445** · 05-18-2022, 06:46 PM

Quote:

Originally Posted by lewdog

Between inflation and this insane labor market where we pay people 20-30% more than what a job is worth, these companies are being "squeezed" by their normal standards as the cost of doing business is through the roof on all sides. No way to control costs. Many companies have high valuations still, so we are finally seeing these blue chips being brought down to match the rest of the market.

20-30% is a bit optimistic. 50-100% is more in line. Here anyway.

Quote:

Originally Posted by Hog's Gone Fishin

I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.

Take it. Before they figure out they’re underpriced.

Hog's Gone Fishin · 05-18-2022, 06:58 PM

Quote:

Originally Posted by Buehler445

20-30% is a bit optimistic. 50-100% is more in line. Here anyway.

Take it. Before they figure out they’re underpriced.

I think they're gouging.

**Rain Man** · 05-18-2022, 08:43 PM

Quote:

Originally Posted by Peter Gibbons

If you are willing to pay enough, I can get it to you quickly from Colorado by running interference in a screaming chicken trans-am while my partner breaks trucking laws related time and mileage. For the right price, we might even follow up with an encore a few years later, but it really won’t be as good as the first one.

I can drive the truck as long as I can bring my Bassett Hound along.

ghak99 · 05-18-2022, 10:06 PM

Quote:

Originally Posted by Hog's Gone Fishin

I think they're gouging.

It's not going to get cheaper any time soon.

Their rate hike is actually lower than several in my area.

**Buehler445** · 05-18-2022, 10:10 PM

Quote:

Originally Posted by Hog's Gone Fishin

I think they're gouging.

Diesel is like $5.50, fool.

**petegz28** · 05-18-2022, 10:17 PM

Today was very interesting. Volume was much lighter for the type of sell off we saw and the adv volume vs. dec volume was much better than the other day when we had a similar sell off.

Nightfyre · 05-19-2022, 10:52 AM

Quote:

Originally Posted by Hog's Gone Fishin

In 2008 it was $800 to get a load from Fort Smith. Diesel went from $2.50 to $4.00. The rate went from $800 to $1200. Diesel came back down to $2.50 and the rate stayed at $1200.
Now it's happened again. When the fuel price comes back down the rate will stay jacked.

Truckers are hard to come by right now as well, probably contributes to the cost. I don't see that getting much better

**lewdog** · 05-19-2022, 11:32 AM

Quote:

Originally Posted by Nightfyre

Truckers are hard to come by right now as well, probably contributes to the cost. I don't see that getting much better

$95k to truck for Walmart and they’ll train you to get your CDL.

**Buehler445** · 05-19-2022, 01:48 PM

Quote:

Originally Posted by Hog's Gone Fishin

Well, it's a 300 mile trip to get the rock here. At 5MPG that's 60 gallons. If fuel is $2.50 more than last year that's $150 cost increase and they've raised the rate $500

Yes, they're taking advantage and gouging. They did the same thing back in 2008. Truckers can suck my dick!

If it's 300 miles one way, they have the trip back.

That's 300.

Tires are reeruned if you can even get them.

And they probably have to pay the driver more than they did the prior year.

If they're gouging you it's not by a ton.

**Buehler445** · 05-19-2022, 01:50 PM

Oh, and if they're running a semi, those ****ers have about doubled, so the machine cost allocation is far higher.

scho63 · 05-20-2022, 09:23 AM

For those who want to dip their toes into options, I strongly recommend looking at the Ford (F) June 2023 calls, one year out. They are very cheap and Ford at $12-$13 is a great value.

Low risk with nice upside.

The June 16, 2023 calls for $20 strike are around $53 a contract.

Buying 10 will cost you $530 and I see a 3-4x upside.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $96899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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05-18-2022, 06:16 PM	#12888
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-99523	I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
Posts: 40,651

05-18-2022, 10:17 PM	#12895
petegz28 Supporter Join Date: Feb 2005 Location: Olathe, Ks Casino cash: $864127	Today was very interesting. Volume was much lighter for the type of sell off we saw and the adv volume vs. dec volume was much better than the other day when we had a similar sell off.
Posts: 129,994

05-19-2022, 01:50 PM	#12899
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $384734	Oh, and if they're running a semi, those ****ers have about doubled, so the machine cost allocation is far higher.
Posts: 58,176

05-20-2022, 09:23 AM	#12900
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $841110	For those who want to dip their toes into options, I strongly recommend looking at the Ford (F) June 2023 calls, one year out. They are very cheap and Ford at $12-$13 is a great value. Low risk with nice upside. The June 16, 2023 calls for $20 strike are around $53 a contract. Buying 10 will cost you $530 and I see a 3-4x upside. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
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