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u/DuckHunter4779

▲ 6 r/Superstonk

Metaphor scenario to help understand the eBay offer

Let's use an example of the second best house in a desirable, major city. It keeps going up in value but it's been neglected over time. It is owned by a Trust and has been in the same family for a very long time. About a dozen of the original owner's great-grandchildren lives in it for free and each gets a huge stipend from the Trust for living expenses for making sure it doesn't fall down. They never met the original owner and really are just in it for the stipend with no attachment to the house plus offer free happy hours for the neighbors each weekday after 3pm. Sure, it has good bones but it could use a major update to the kitchen and bathrooms plus the yard is overgrown and needs work. It's not for sale but someone really wants it so they offer 46% higher than what the property tax records indicate it is worth. They structure the offer where there is a 50% cash down payment and the Trust gets to keep 50% ownership interest but the buyer gets to manage the property now, not the great-grandchildren. You are the Trustee and get to decide solely what to do about the offer. You know if you stop paying the stipend to the grandchildren they'll be upset but they aren't doing the best job managing the property. The Trust also gets to keep 50% of the future appreciation potential and you also get in cash today about 75% of what it's worth (since it's 50% cash at 146% of the current value in total). What is the best decision for the longevity of the Trust for you to do about the offer?

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u/DuckHunter4779 — 6 days ago
▲ 326 r/Superstonk

Ryan Cohen toilet scene profile picture

For a little time yesterday, Ryan Cohen had the image that Greg had posted years ago in a reply to RC saying he was at the office. The image is from a scene in the film Dirty Work. During the scene, the two main characters were destroying an apartment building to help raise money for someone's medical needs. They knew the building was occupied by a grandmother of a girl one character liked, but they did it anyway. In the scene, they dropped a firework in the toilet, and it failed to ignite, so the character picked up a newspaper and sat on the toilet, but then the firecracker exploded. It's interesting because RC is raising money to buy eBay. I think this means he's willing to raise the money by any means necessary, just like they did in the movie.

Edit: it was the grandma that lived in the building, so I fixed that.

u/DuckHunter4779 — 13 days ago
▲ 226 r/Superstonk

Ebay is mostly owned by large financial institutions at first glance, but it's really owned by investors that have large, passive funds (think voo, etc) mostly in retirement accounts. So, the ownership is literally required to own it just because of their size in the market. Sure, they want funds that are successfully performing, but at the end of the day, they don't care about eBay. I technically have owned eBay for years and years but never thought about it nor its success or failure. I just happen to own funds through Vanguard that happen to own eBay. How will the vote go if nobody voting really cares?

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u/DuckHunter4779 — 15 days ago
▲ 805 r/Superstonk

This was the greatest interview I think I've ever seen in my life. Leave it to Ryan Cohen to call people out on TV about their missed predictions on the future of GameStop. I laughed so hard that I had to pause it. The dead pan replies about how out will be financed...priceless. I don't understand your question. Have you read it on our website?

u/DuckHunter4779 — 18 days ago