**OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition - Page 130

06-13-2021, 12:55 AM

#3871

Originally Posted By lntense⏩

Good lord. So stupid.

Is Maryland one of, if not the most liberal states?

Tbh, internet taxation is a fairly bipartisan issue.

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06-13-2021, 06:12 AM

#3872

brahs, I'm in a Mergers & Acquisitions class currently for my MBA, taught by the MD of a private equity firm and this chit is fascinating (srs)

They value privately held companies based on the financial statements similar to how retail investors would value stocks of publicly traded companies (their preferred financial metric is EV/EBITDA instead of P/E) and put a lot more diligence into it - then buy the company or help some other company buy them. They don't even use their own money, they use the money from institutional investors and get a cut (like ~20%) of the profits from a successful deal. Mind blown at how these successful private equity firms just print money (since COVID, the market for selling businesses is better than its been in 10+ years)

never really knew what IB/PE was all about until now and it sounds awesome, I know its super hard getting a job and then the hours are crazy, but I think I'd like it

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06-13-2021, 06:19 AM

#3873

Originally Posted By lntense⏩

Is Maryland one of, if not the most liberal states?

California and New York have entered the chat.

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06-13-2021, 06:42 AM

#3874

Originally Posted By SouthDakotaBrah⏩

brahs, I'm in a Mergers & Acquisitions class currently for my MBA, taught by the MD of a private equity firm and this chit is fascinating (srs)

They value privately held companies based on the financial statements similar to how retail investors would value stocks of publicly traded companies (their preferred financial metric is EV/EBITDA instead of P/E) and put a lot more diligence into it - then buy the company or help some other company buy them. They don't even use their own money, they use the money from institutional investors and get a cut (like ~20%) of the profits from a successful deal. Mind blown at how these successful private equity firms just print money (since COVID, the market for selling businesses is better than its been in 10+ years)

never really knew what IB/PE was all about until now and it sounds awesome, I know its super hard getting a job and then the hours are crazy, but I think I'd like it

Watch those videos of people asking people that drive super/hyper cars what they do work for. Half of them say private equity.

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06-13-2021, 10:22 AM

#3875

Originally Posted By SouthDakotaBrah⏩

brahs, I'm in a Mergers & Acquisitions class currently for my MBA, taught by the MD of a private equity firm and this chit is fascinating (srs)

They value privately held companies based on the financial statements similar to how retail investors would value stocks of publicly traded companies (their preferred financial metric is EV/EBITDA instead of P/E) and put a lot more diligence into it - then buy the company or help some other company buy them. They don't even use their own money, they use the money from institutional investors and get a cut (like ~20%) of the profits from a successful deal. Mind blown at how these successful private equity firms just print money (since COVID, the market for selling businesses is better than its been in 10+ years)

never really knew what IB/PE was all about until now and it sounds awesome, I know its super hard getting a job and then the hours are crazy, but I think I'd like it

What are the profits from a successful deal tho? I don't understand that part.

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06-13-2021, 12:33 PM

#3876

I know a guy who does something similar with real estate. Locates large assets like multi family 20+ units. Gathers groups of investors, and then facilitates the acquisition. He gets an agreed upon percentage of ownership and pays ZERO for it. Mirin

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06-13-2021, 01:49 PM

#3877

For those of you memelords who aren’t already all in on GME. What is stopping you from selling puts to dummies that think it’s gonna tank? Why not sell $200 strike puts for this coming week?

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06-13-2021, 03:36 PM

#3878

Originally Posted By SouthDakotaBrah⏩

brahs, I'm in a Mergers & Acquisitions class currently for my MBA, taught by the MD of a private equity firm and this chit is fascinating (srs)

They value privately held companies based on the financial statements similar to how retail investors would value stocks of publicly traded companies (their preferred financial metric is EV/EBITDA instead of P/E) and put a lot more diligence into it - then buy the company or help some other company buy them. They don't even use their own money, they use the money from institutional investors and get a cut (like ~20%) of the profits from a successful deal. Mind blown at how these successful private equity firms just print money (since COVID, the market for selling businesses is better than its been in 10+ years)

never really knew what IB/PE was all about until now and it sounds awesome, I know its super hard getting a job and then the hours are crazy, but I think I'd like it

If you're in a top 10 program look into search funds.

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06-13-2021, 04:17 PM

#3879

Originally Posted By RobParks2M⏩

What are the profits from a successful deal tho? I don't understand that part.

From what I understand, the firm either buys a company for themselves to sell to another company 3-5 years later (at a much larger price, assuming it was a good investment) or they help another company buy out another company and they get some payout from that… I'm not fully sure how the payout works if they help another company acquire a company rather than owning it for themselves to sell back later, but I know they at least get a 2-3% management fee on capital invested by their limited partners (usually institutional funds like pensions and whatnot). I'm still trying to figure out the inner workings of the industry

Originally Posted By NoScrubz⏩

If you're in a top 10 program look into search funds.

Nah I'm not, I'm just getting my part-time MBA while working full-time in consulting. I'm still going to try and network though and see what happens, I have a pretty good background for doing electric utility/energy market stuff though

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06-13-2021, 05:22 PM

#3880

Originally Posted By SouthDakotaBrah⏩

brahs, I'm in a Mergers & Acquisitions class currently for my MBA, taught by the MD of a private equity firm and this chit is fascinating (srs)

They value privately held companies based on the financial statements similar to how retail investors would value stocks of publicly traded companies (their preferred financial metric is EV/EBITDA instead of P/E) and put a lot more diligence into it - then buy the company or help some other company buy them. They don't even use their own money, they use the money from institutional investors and get a cut (like ~20%) of the profits from a successful deal. Mind blown at how these successful private equity firms just print money (since COVID, the market for selling businesses is better than its been in 10+ years)

never really knew what IB/PE was all about until now and it sounds awesome, I know its super hard getting a job and then the hours are crazy, but I think I'd like it

That's very interesting.

I think I need to do some further research lol.

Thank you.

Originally Posted By SouthDakotaBrah⏩

Nah I'm not, I'm just getting my part-time MBA while working full-time in consulting. I'm still going to try and network though and see what happens, I have a pretty good background for doing electric utility/energy market stuff though

This going to sound weird but…

Are you single?

Lol.

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06-13-2021, 05:31 PM

#3881

Originally Posted By RobParks2M⏩

For those of you memelords who aren’t already all in on GME. What is stopping you from selling puts to dummies that think it’s gonna tank? Why not sell $200 strike puts for this coming week?

I disabled options on my account. I coulda sold covered 800 calls for months which would have been smart too but…

I don’t trust myself with options. Srs.

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06-13-2021, 09:45 PM

#3882

BABA chart looks like a nice spot to buy imo.

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06-13-2021, 10:15 PM

#3883

recovery stock calls crew?

stuck in the ruby classic era

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06-14-2021, 05:43 AM

#3884

Lordstown CEO and CFO have resigned effective immediately lol

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06-14-2021, 05:59 AM

#3885

Originally Posted By Destor⏩

Lordstown CEO and CFO have resigned effective immediately lol

Glad I sold that stock

In before it rises

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06-14-2021, 06:02 AM

#3886

All weekend I’m planning on buying 1-2k shares of crsr on Monday morning.

Then watch it go to my planned sell point in premarket.

I have a feeling eagle tree gonna dump the rest of their shares within first half hour of market open.

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06-14-2021, 06:26 AM

#3887

Congrats crsr peeps. You deserve all the success in the world.

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06-14-2021, 06:40 AM

#3888

ENOB is on a moon mission

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06-14-2021, 06:44 AM

#3889

Microvision and Clov puts. This was the way.

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06-14-2021, 06:46 AM

#3890

Originally Posted By SouthDakotaBrah⏩

fuk brahs, my water heater just went out today

fixed a leak in my minisplit AC units last month, $1500

going to replace my water heater, expecting $1000-1500

so much for homeownership being a good investment, fuk me brahs, I should've just put the money into VOO and remained renting (srs)…

At least I get half the mortgage back from renting out a room but still, not sure if its even worth it since I'll end up losing any gains once I sell the house anyways (surely the market will crash sometime next year + realtor commission)

Check the warranty on the water heater. I just got a free one from Rheem.

Re-couping tankless costs can take a long time, but a tank heater install was just over $300 for me, tank is about $400.

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06-14-2021, 06:57 AM

#3891

Originally Posted By lntense⏩

Microvision and Clov puts. This was the way.

clov puts crew checking in

"Paper money is going away" - EM

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06-14-2021, 07:03 AM

#3892

Apple and oil are the only things holding up a complete drilling of the market. Excuse is they are waiting for the Fed meeting on Wednesday.

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06-14-2021, 07:10 AM

#3893

damn it AHT….

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06-14-2021, 07:11 AM

#3894

Originally Posted By camaleom⏩

clov puts crew checking in

Yes sir.

Watch amc today

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06-14-2021, 07:18 AM

#3895

Originally Posted By lntense⏩

Yes sir.

Watch amc today

yes sr - already in it again after the early morning scalping lol

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06-14-2021, 07:32 AM

#3896

Originally Posted By Venom08⏩

damn it AHT….

A different mall owner just went chapter 11. Probably not great for REITs

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06-14-2021, 08:10 AM

#3897

Originally Posted By SouthDakotaBrah⏩

brahs, I'm in a Mergers & Acquisitions class currently for my MBA, taught by the MD of a private equity firm and this chit is fascinating (srs)

They value privately held companies based on the financial statements similar to how retail investors would value stocks of publicly traded companies (their preferred financial metric is EV/EBITDA instead of P/E) and put a lot more diligence into it - then buy the company or help some other company buy them. They don't even use their own money, they use the money from institutional investors and get a cut (like ~20%) of the profits from a successful deal. Mind blown at how these successful private equity firms just print money (since COVID, the market for selling businesses is better than its been in 10+ years)

never really knew what IB/PE was all about until now and it sounds awesome, I know its super hard getting a job and then the hours are crazy, but I think I'd like it

I almost worked for a firm that used a similar metric and did very similar things. They were basically a brokerage firm that helped people buy and sell businesses in a few metro areas. One of them being KC. I worked with them off an on for a few weeks and got to learn a lot about many unique and cool businesses. Still wonder to this day if I should have pursued that job harder because they made a ton of money, but worked more hours than I thought I'd like.