The Investment Thread

Deuuuuce said

yeah i’m not touching the magnificent 7. There is too much value elsewhere. I read somewhere that there were margin calls for a lot of long/short hedgefunds today and that led to selling of the mag 7 to meet the margin call.

I like gold mining stocks here for a lot of reasons. I also like the medical device stocks that got beaten down because of the new weight loss drugs. The telecoms are also on my radar.

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I’m guilty of researching a lot of stocks and not pulling the trigger.

I like the restaurant stock Portillo’s. Its PE is around 60 and is overpriced by most metrics. But they want to keep expanding. They are a fast casual chain founded in Chicago. And a ton of people have moved away from Chicago and live in the south now. Right where Portillo’s is expanding. Whenever they launch a new restaurant they almost need police to monitor traffic. Interest rate cuts will help them better fund expansion.

Another one I like is Hanesbrand. I know they are known as cheap grandma style clothing, but they could turn things around. A few months ago an activist investor attacked them and demanded change. Then a few weeks ago he got his wish and was given 3 board seats. Hanes comes with a lot of baggage including declining revenues and piles of debt.