Retail investor trading have a different agenda than Hedge funds. Sometimes, trading is influenced by social media.
Dork = Krispy Creme, ticker DNUT, OPen Door, Rocket Companies and Khol’s. It mirrors the mania set by GameStop 4 years ago. Hedge funds are ignoring these stocks.
Research by analysts at Goldman Sachs, a bank, suggests that speculative trading (in penny stocks, unprofitable firms and companies with the loftiest valuations) has climbed to levels seen only twice before: during the previous boom that peaked in 2021 and back when the dotcom bubble inflated in the late 1990s. Today’s trading remains well below those peaks, but far above what was previously considered normal.
Look at atraya (AYA) they have been given approval in the states ( FDA ) for there Salix heart Plaque AI scan which gives doctors a measurement of coronary plaque build up within a few hours vs current 12 to 24 hours. They have just announced contracts with a few hospitals in Australia and the US and the best new product ( Salix 2 ) is up for approval soon .. worth googling and following
This has no relevance at all to your question, but I trained and worked in management for Cash Convertors some years ago. It was the most oppressive place I have ever worked.
Not only were they all about paying as little as humanly possible for all their goods, but their idea of management was to watch staff talk with a customer, then approach staff members and ask them what did the customer want? Why didn’t you sell it to them?
I didn’t last long. It was awful, and I’ll be forever jaded.
Years ago my son had about $10k of tools flogged and he went to the local 4 CC’s to no avail. I sought assistance from a mate at the footy club who was a D in SAPOL and he suggested to try branches that are the furthest away as CC are known to sell their goods further away from where they got them from. Sure enough my lad goes down to Noarlunga CC’s and recognises several items. He had engraved initials in hidden spots on all tools and the cops got most of the stuff back for him and for memory insurance had already paid out some of them.
We managed to track down the offenders too in the end
I worked with 2 different managers, and went to the company Christmas dinner with all staff.
I’m sure some managers are better than others, but the whole fundamental of the business is to pay as little as possible for goods.
And the short term loans are a huge business for them. Tradies need cash to finish a job, so they’ll leave $2K worth of quality tools for a $300-400 loan, which they’ll pay like 20% per week on. And if they can’t repay the loan and interest, then it’s great, because they’ll resell the tools for $2K. And it’s common for people who manage money badly enough to need a micro loan, to not be able to repay the loan. Especially when the interest rates are so exorbitant.
Weirdly, at the Christmas event, their guest speaker was a hypnotist, that the managers raved about. He was the most obnoxious person I’ve heard talk. I can only assume he’d managed to hypnotise the key people in the business.
I was there for 3-4 months training in one store, then managing another. I woke every morning dreading going to work, and forced myself to go. It took half the day before it normalised. The workers were great, and I did my best to shield them from all the negativity from above.
I lean towards a company that benefits from supply constraints, rather than growth in demand. Tin production is limited, not many projects coming into production. It’s hoarding cash (currently well over $300m in cash, liquid investments and notes). No debt. I’ve backed the truck up in recent years.
I see a lot of discussion around ASX companies in this thread mining stocks, banking stock etc… No disrespect to people that play there, but I don’t know why you wouldn’t rather buy US stocks. The Nasdaq and S&P 500 has outperformed the asx over almost any time in history. The US have the most attractive capital markets in the world, so they are always getting a bid. They have the deepest private company capital markets so they can incubate wonderful businesses that can afford to stay unprofitable for a decade or more. They run the best tech companies in the world. They have access to the best talent, the best consumer markets etc… I appreciate the yield and franking credits are attractive for retirees but even with these additions total return still lag.
Seriously, Australia has had the best returns of any country since 1900, and many of our expenses are best correlated with the Australian market and dollar. So 0%, or 2% if based on our stock market proportion of the world, is likely at least as silly as the reverse.
The US “lost decade” versus the Aus market and dollar was not that long ago.
Job market seems to be firing up in my industry, and getting a few unsolicited requests for interviews. Some head turning money being suggested, which I’d gladly take.
Where would you guys put extra income that doesn’t really need to go to a mortgage or anything?
