What I’m buying

[Baseman]

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

 

[BleachedAnusDawg]

I am more of an Autozone guy, myself. How's their stonk looking?

 

[Baseman]

I am more of an Autozone guy, myself. How's their stonk looking?

Fair. Oreilly earns higher returns on their capital. Higher margins and also serves local mechanics shops in addition to DIY. For those reasons, I prefer Oreilly

 

[ntxduck]

Get in oreilly before earnings on Wednesday or after you think?

 

[Baseman]

Get in oreilly before earnings on Wednesday or after you think?

I bought more before. It's a long-term play for me but I think they'll exceed, again. Domino's last week euphoria? IDK. I like Oreilly a lot LT

 

[1to392831weretaken]

NAPA. O'Reilly's and Autozone are for late night desperation parts purchases.

 

[Baseman]

NAPA. O'Reilly's and Autozone are for late night desperation parts purchases.

Hard Pass on NAPA. POOR Capital Allocation. Low returns on capital. Shit margins. Explains their little to now growth.

 

[BleachedAnusDawg]

NAPA stores are always the most run down pieces of junk. Stupid or not, that's how I view their place in the market. Autozone and Oreilly's are in nice buildings built for them, not broken down gas stations which were last in operation in the 1950's.

 

[ntxduck]

Looks like a good day to get into Etsy. Scooped some at 193

 

[1to392831weretaken]

When I replaced the power steering pump/hoses in my truck recently, I first ordered parts on RockAuto because I'm lazy, then went to O'Reilly's, then Autozone, then NAPA.

RockAuto shipped the wrong parts and their site has no CS number or email, so I'm SOL, which left me hunting down replacement hoses after NAPA had closed. Had NAPA still been open, I would have gotten hoses that didn't leak right out of the package on the first go and saved myself over a hundred dollars and three hours.

This has been my experience over and over and over again. Want quality brake components for decent price? NAPA ultra premium line pads and rotors. Want to talk to somebody behind the counter who's actually seen under the hood of a car before and not some high school kid who can't tell you shit that you can't find for yourself on their website? Go to NAPA.

That O'Reilly's and Autozone are good stock buys and NAPA is shit is today's example of the race to the bottom in full effect. You don't pump up that stock value by paying employees well, improving customer service, and selling quality products--those moves are for losers. Hire retards to sell boatloads of cheap Chinese shit: Winning.

 

[ntxduck]

Nice ER from oreilly @Baseman

 

[Baseman]

Nice ER from oreilly @Baseman

Liked the revenue. FCF guidance was disappointing.

Well run company. 9.7X return over last 10 years vs. 4.6 for SP 500.

Reasonable multiple that shouldn't get whacked too hard in a pullback/correction.

 

[89ute]

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

 

[greenblood]

Damn Tesla is running

 

[Baseman]

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

my weekly expired. Am going to put on another shortly. Getting cheaper. Not a matter
of if, it’s when.

 

[greenblood]

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

my weekly expired. Am going to put on another shortly. Getting cheaper. Not a matter
of if, it’s when.

I hear nothing but horror stories from people that short Tesla.

 

[Baseman]

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

my weekly expired. Am going to put on another shortly. Getting cheaper. Not a matter
of if, it’s when.

I hear nothing but horror stories from people that short Tesla.

I buy put spreads where I can define my risk. Big difference between a naked short. Tesla is a real company with exciting products just like Cisco was at the heart of the DotCom boom where the internet was the rage and every company needed routers and switches.

With all products, buy cycles are cyclical. When you buy a Tesla you don’t buy another one tomorrow. Cisco offered high margin services and maintenance contracts.

Everything was ducky until investors had an epiphany and decided 100+ times earnings didn’t justify the price. Cisco’s generates
4x more free cash flow today than 2000 along with a lower share count yet their market cap is half of its peak in 2000.

Anyone who bought Cisco in 2000 and still holding is still underwater 21 years later.

With that thesis in mind, I see Tesla ripe for a similar pullback.

It WILL happen, the question is when?

At the end of the day Tesla is a car company, a cool car company, but a car company.

Volkswagen, BMW and Mercedes are gaining share. VW trades for around 7x free cash flow. to Tesla’s 250.

If Tesla ever grows into that multiple they’re
Going to have to sell a shit load more cars. It’s one thing to be a software company like Google or Adobe where incremental sales are almost 100% accretive to cash flow, cars not so much.

At some point investors will realize the risk is too great. Momentum traders and short squeeze is probably driving the stock right now.

Finally, rates are near an all time low 1.3% on the 10 year. Inflation is here and LOL at those predict it’s only transitory. At some point the Fed will take away the candy. At 1.3% investors have bid up multiples to stupid levels. They justify paying 100x for growth because that’s what they’d get buying a treasury. Once rates change the high multiple
Stocks will collapse.

Crowdstrike, Palantir… what have you.

 

[greenblood]

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

my weekly expired. Am going to put on another shortly. Getting cheaper. Not a matter
of if, it’s when.

I hear nothing but horror stories from people that short Tesla.

I buy put spreads where I can define my risk. Big difference between a naked short. Tesla is a real company with exciting products just like Cisco was at the heart of the DotCom boom where the internet was the rage and every company needed routers and switches.

With all products, buy cycles are cyclical. When you buy a Tesla you don’t buy another one tomorrow. Cisco offered high margin services and maintenance contracts.

Everything was ducky until investors had an epiphany and decided 100+ times earnings didn’t justify the price. Cisco’s generates
4x more free cash flow today than 2000 along with a lower share count yet their market cap is half of its peak in 2000.

Anyone who bought Cisco in 2000 and still holding is still underwater 21 years later.

With that thesis in mind, I see Tesla ripe for a similar pullback.

It WILL happen, the question is when?

At the end of the day Tesla is a car company, a cool car company, but a car company.

Volkswagen, BMW and Mercedes are gaining share. VW trades for around 7x free cash flow. to Tesla’s 250.

If Tesla ever grows into that multiple they’re
Going to have to sell a shit load more cars. It’s one thing to be a software company like Google or Adobe where incremental sales are almost 100% accretive to cash flow, cars not so much.

At some point investors will realize the risk is too great. Momentum traders and short squeeze is probably driving the stock right now.

Finally, rates are near an all time low 1.3% on the 10 year. Inflation is here and LOL at those predict it’s only transitory. At some point the Fed will take away the candy. At 1.3% investors have bid up multiples to stupid levels. They justify paying 100x for growth because that’s what they’d get buying a treasury. Once rates change the high multiple
Stocks will collapse.

Crowdstrike, Palantir… what have you.

I'm sold

 

[89ute]

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

my weekly expired. Am going to put on another shortly. Getting cheaper. Not a matter
of if, it’s when.

I hear nothing but horror stories from people that short Tesla.

I buy put spreads where I can define my risk. Big difference between a naked short. Tesla is a real company with exciting products just like Cisco was at the heart of the DotCom boom where the internet was the rage and every company needed routers and switches.

With all products, buy cycles are cyclical. When you buy a Tesla you don’t buy another one tomorrow. Cisco offered high margin services and maintenance contracts.

Everything was ducky until investors had an epiphany and decided 100+ times earnings didn’t justify the price. Cisco’s generates
4x more free cash flow today than 2000 along with a lower share count yet their market cap is half of its peak in 2000.

Anyone who bought Cisco in 2000 and still holding is still underwater 21 years later.

With that thesis in mind, I see Tesla ripe for a similar pullback.

It WILL happen, the question is when?

At the end of the day Tesla is a car company, a cool car company, but a car company.

Volkswagen, BMW and Mercedes are gaining share. VW trades for around 7x free cash flow. to Tesla’s 250.

If Tesla ever grows into that multiple they’re
Going to have to sell a shit load more cars. It’s one thing to be a software company like Google or Adobe where incremental sales are almost 100% accretive to cash flow, cars not so much.

At some point investors will realize the risk is too great. Momentum traders and short squeeze is probably driving the stock right now.

Finally, rates are near an all time low 1.3% on the 10 year. Inflation is here and LOL at those predict it’s only transitory. At some point the Fed will take away the candy. At 1.3% investors have bid up multiples to stupid levels. They justify paying 100x for growth because that’s what they’d get buying a treasury. Once rates change the high multiple
Stocks will collapse.

Crowdstrike, Palantir… what have you.

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

my weekly expired. Am going to put on another shortly. Getting cheaper. Not a matter
of if, it’s when.

I hear nothing but horror stories from people that short Tesla.

I buy put spreads where I can define my risk. Big difference between a naked short. Tesla is a real company with exciting products just like Cisco was at the heart of the DotCom boom where the internet was the rage and every company needed routers and switches.

With all products, buy cycles are cyclical. When you buy a Tesla you don’t buy another one tomorrow. Cisco offered high margin services and maintenance contracts.

Everything was ducky until investors had an epiphany and decided 100+ times earnings didn’t justify the price. Cisco’s generates
4x more free cash flow today than 2000 along with a lower share count yet their market cap is half of its peak in 2000.

Anyone who bought Cisco in 2000 and still holding is still underwater 21 years later.

With that thesis in mind, I see Tesla ripe for a similar pullback.

It WILL happen, the question is when?

At the end of the day Tesla is a car company, a cool car company, but a car company.

Volkswagen, BMW and Mercedes are gaining share. VW trades for around 7x free cash flow. to Tesla’s 250.

If Tesla ever grows into that multiple they’re
Going to have to sell a shit load more cars. It’s one thing to be a software company like Google or Adobe where incremental sales are almost 100% accretive to cash flow, cars not so much.

At some point investors will realize the risk is too great. Momentum traders and short squeeze is probably driving the stock right now.

Finally, rates are near an all time low 1.3% on the 10 year. Inflation is here and LOL at those predict it’s only transitory. At some point the Fed will take away the candy. At 1.3% investors have bid up multiples to stupid levels. They justify paying 100x for growth because that’s what they’d get buying a treasury. Once rates change the high multiple
Stocks will collapse.

Crowdstrike, Palantir… what have you.

I'm sold

Oreilly Auto Parts. Started at $520. Still adding.
Etsy started at $165.
Tesla $600 puts

Long term plays along w my aforementioned

What are the expiration dates on your TSLA puts?

my weekly expired. Am going to put on another shortly. Getting cheaper. Not a matter
of if, it’s when.

I hear nothing but horror stories from people that short Tesla.

I buy put spreads where I can define my risk. Big difference between a naked short. Tesla is a real company with exciting products just like Cisco was at the heart of the DotCom boom where the internet was the rage and every company needed routers and switches.

With all products, buy cycles are cyclical. When you buy a Tesla you don’t buy another one tomorrow. Cisco offered high margin services and maintenance contracts.

Everything was ducky until investors had an epiphany and decided 100+ times earnings didn’t justify the price. Cisco’s generates
4x more free cash flow today than 2000 along with a lower share count yet their market cap is half of its peak in 2000.

Anyone who bought Cisco in 2000 and still holding is still underwater 21 years later.

With that thesis in mind, I see Tesla ripe for a similar pullback.

It WILL happen, the question is when?

At the end of the day Tesla is a car company, a cool car company, but a car company.

Volkswagen, BMW and Mercedes are gaining share. VW trades for around 7x free cash flow. to Tesla’s 250.

If Tesla ever grows into that multiple they’re
Going to have to sell a shit load more cars. It’s one thing to be a software company like Google or Adobe where incremental sales are almost 100% accretive to cash flow, cars not so much.

At some point investors will realize the risk is too great. Momentum traders and short squeeze is probably driving the stock right now.

Finally, rates are near an all time low 1.3% on the 10 year. Inflation is here and LOL at those predict it’s only transitory. At some point the Fed will take away the candy. At 1.3% investors have bid up multiples to stupid levels. They justify paying 100x for growth because that’s what they’d get buying a treasury. Once rates change the high multiple
Stocks will collapse.

Crowdstrike, Palantir… what have you.

I'm sold

Or you could believe Morgan Stanley

 

[89ute]

Meant to only reply to greenblood, not sure how the graphic of ev sales plus reply to Baseman got all twisted up in here but it's a cool graphic anyway.

Tablet challenged.