Dr. Hugh Akston @Akston_Capital Twitter profile

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Dr. Hugh Akston

@Akston_Capital

1 year

$28 billion net worth $0.20 cigarette

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Dr. Hugh Akston

@Akston_Capital

3 years

LEGENDS OF LEVERAGE Archegos Capital: 10:1 Lehman Brothers: 44:1 The Federal Reserve: 197:1

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Dr. Hugh Akston

@Akston_Capital

2 years

Legendary sell-side work from Stifel on Carvana. Analyst had $400 price target on $CVNA last August. Today cuts his price target to $34.

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Dr. Hugh Akston

@Akston_Capital

3 years

Kimbal Musk unloaded $108m of $TSLA stock yesterday.

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Dr. Hugh Akston

@Akston_Capital

3 months

Has anyone heard of someone successfully negotiating with their bank to pay off a mortgage at a discount to its face value? I estimate this loan would be trading for ~50% of face value today if sold on the open market.

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Dr. Hugh Akston

@Akston_Capital

1 year

. @elonmusk could have avoided this $TSLA lawsuit with better punctuation

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Dr. Hugh Akston

@Akston_Capital

3 years

Netflix earns approx $11.50 per subscriber per month. It spends ~$11.00 per month to run the business. Of that $11, the biggest cost ($4.33 per mo.) is producing content. Mr. Market says $NFLX is a tech company worth 50x earnings, but biz model is film production speculation

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Dr. Hugh Akston

@Akston_Capital

2 years

Here is what fixed income investors are saying about the Carvana junk bond offering announced today... $CVNA

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Dr. Hugh Akston

@Akston_Capital

3 months

Spoiler: PNC just told me to go to hell. Fun idea though.

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Dr. Hugh Akston

@Akston_Capital

2 years

Tell me Peter Lynch is short Tesla without telling me he’s short $TSLA

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Dr. Hugh Akston

@Akston_Capital

7 months

Billy Beane of Moneyball fame was the keynote speaker for a dinner I attended this week. 3 takeaways that I think are relevant for investors: 1) Create structure/process/routines that insulate yourself from making emotional decisions. Beane never watched any of the games…

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Dr. Hugh Akston

@Akston_Capital

1 year

Heads I win, tails I don't lose (much). Wells Fargo on $ATVI merger arb trade. Current stock price is offering 10:1 risk/reward.

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Dr. Hugh Akston

@Akston_Capital

1 year

A summary of the downfall of Silvergate & Silicon Valley Bank and why it's doesn't mean doom and gloom for the US banking system.... 1/ Both companies were not traditional banks. $SI was focused on capitalizing on the crypto currency boom and $SIVB was focused on capitalizing

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Dr. Hugh Akston

@Akston_Capital

4 months

Made a big investment in Archer-Daniels yesterday during the stock's -24% freefall following news the CFO has been placed on leave due to potential accounting issues. A lot of investors won't touch a stock with an accounting stigma, here is why I'm comfortable going long $ADM...

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Dr. Hugh Akston

@Akston_Capital

1 year

The insider activity at the banks that are in the eye of the storm is interesting. $PACW insiders are buying the dip.

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Dr. Hugh Akston

@Akston_Capital

10 months

This is my favorite bond right now. Geo Group / 5.875% / Oct 2024 maturity. $GEO has no debt maturing before this bond. They did tender offer for these bonds last year and only $23m are still outstanding. GEO can pay them off with cash on hand. Earn 8.2% YTM with very low risk

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Dr. Hugh Akston

@Akston_Capital

2 months

My working hypothesis is the debt situation in US ultimately gets resolved via inflation/currency debasement. As such, owning long duration "assets" that will have the ability to keep up with inflation will be key for those with +20yr time horizons. With long rates moving back up

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Dr. Hugh Akston

@Akston_Capital

3 years

Did the $PLUG CEO know about these accounting problems at when he dumped $37m of his stock on January 19th?

Dr. Hugh Akston

@Akston_Capital

3 years

Congrats to Plug Power CEO, Andy Marsh for selling $37.7m of his $PLUG stock on Tuesday. Possibly the greatest Robinhood trader of our generation! cc: @KerrisdaleCap

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Dr. Hugh Akston

@Akston_Capital

3 years

If you had to put the entire net worth of your arch-enemy into one stock for the next 5 years, what would it be? $AMC at $68 is quite tempting.

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Dr. Hugh Akston

@Akston_Capital

2 years

@michaeljburry China is uninvestable. Simple rule of thumb for US investors - never invest in a country that has not had two consecutive free elections. This rule will help you avoid a lot of problems (China, Russia, etc)

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Dr. Hugh Akston

@Akston_Capital

3 years

$TSLA traders frontrunning S&P 500 index funds is a massive transfer of wealth away from the retail investors who own these passive funds/ETFs. I can't think of a better argument for active management than this fiasco.

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Dr. Hugh Akston

@Akston_Capital

2 years

Sell-off in $MO on the Juul news looks like an opportunity. Altria has lost $7.2 billion in market cap in the past 30 mins. MO's entire Juul investment is only valued at $1.6 billion.

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Dr. Hugh Akston

@Akston_Capital

2 years

@TitaniaMcGrath

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Dr. Hugh Akston

@Akston_Capital

2 years

One of our investors lives in Florida and has a Tesla. His garage was flooded with 4ft of water during Hurricane Ian. The car burst into flames after it got wet and did tons of smoke damage to the house. $TSLA

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Dr. Hugh Akston

@Akston_Capital

4 years

Carvana does $4.4 BILLION of revenue annually and still doesn't generate positive EBITDA. Are we sure this business model works? $CVNA

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Dr. Hugh Akston

@Akston_Capital

2 years

Perhaps an +8% inflation rate will warrant a Fed Funds rate above 0%

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Dr. Hugh Akston

@Akston_Capital

3 years

Congrats to Plug Power CEO, Andy Marsh for selling $37.7m of his $PLUG stock on Tuesday. Possibly the greatest Robinhood trader of our generation! cc: @KerrisdaleCap

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Dr. Hugh Akston

@Akston_Capital

2 months

First new merger arb trade of the year: long $CPRI at $41. Buyout price with $TPR is $57 (+39% upside). Regulatory environment is obviously insane right now, but looks like an asymetric opportunity. CPRI has historically generated $3.75 per share in FCF.

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Dr. Hugh Akston

@Akston_Capital

3 years

Ernest Garcia II (the father of Carvana CEO Ernie Garcia III) has sold over $2 BILLION worth of $CVNA stock in the past five months. For context, Carvana has generated negative EBIT of -$996m since becoming a public company in 2017.

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Dr. Hugh Akston

@Akston_Capital

4 years

$CVNA lists short sellers and "yellow journalism" as a risk factor for investors in its prospectus for the recent equity offering. I don't recall seeing this as a risk factor for $KMX, $LAD, or $AN.

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Dr. Hugh Akston

@Akston_Capital

1 year

Congrats to the insiders at Silvergate who sold $125m worth of $SI stock in the past 2 years. Legendary pump-and-dump.

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Dr. Hugh Akston

@Akston_Capital

3 months

@yangtang He let me know that if I pay off the loan, I won't have to pay interest anymore. My argument on the current market price of MBS tranches didn't resonate.

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Dr. Hugh Akston

@Akston_Capital

10 months

The ESG endgame on display at Hawaiian Electric. source: $HE 10-k filing

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Dr. Hugh Akston

@Akston_Capital

8 months

Anyone buying the dip on this DaVita implosion? Berkshire owns ~40% of the company. $DVA has been a favorite investment of Ted Weschler for a long time (back when he ran his own fund before $BRK). Stock -21% today on Ozempic study on kidney failure.

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Dr. Hugh Akston

@Akston_Capital

10 months

I own 937 books on investing and somehow I still have iRobot, Kohl’s, and HanesBrands in my portfolio. Investing is hard.

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Dr. Hugh Akston

@Akston_Capital

1 year

@LBOplug Notorious office smoker, just ask @GZuckerman

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Dr. Hugh Akston

@Akston_Capital

1 year

First Republic branch in Los Angeles $FRC

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Dr. Hugh Akston

@Akston_Capital

2 years

Chase offering me an installment plan on buying booze at the liquor store. Pretty sure the "buy now pay later" thing has gone too far. #BNPL

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Dr. Hugh Akston

@Akston_Capital

3 years

@orthereaboot $AMC wiped out almost $1 billion of debt in past 24 hours capitalizing on this craziness

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Dr. Hugh Akston

@Akston_Capital

3 years

@michaeljburry Here is a link to a similar analysis that Paul Tudor Jones published a few months ago called "The Great Monetary Inflation". This topic is hugely important for all investors.

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Dr. Hugh Akston

@Akston_Capital

1 year

I’ve had ALCO meetings for the 5 bank boards I sit on in the past 24 hours. None of them are seeing deposit outflows and some have seen decent inflows. Love the risk/reward on prefs for $WAL $PACW $FRC

Timyan Bank Alert

@TimyanBankAlert

1 year

Thank you both! I have spoken to 14 community bankers around the country. Not one has seen deposits leave and well over half report new $ coming in. Cc @ICBA Time for Americans everywhere to support their local banks and have a much better banking experience.

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Dr. Hugh Akston

@Akston_Capital

11 months

Bank stocks are very cheap right now. Banks under $5 billion in assets trading below 1x tangible book value and ~8x earnings. Lots of room for multiple expansion once the rate hikes stop.

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Dr. Hugh Akston

@Akston_Capital

1 year

Last week HanesBrands priced a $600m bond offering at 9%. Proceeds were used to pay off bonds that had rates of 4.6% and 3.5%. The new interest expense is 2x, which means lower EPS for $HBI. Higher cost of debt is going to start having an impact across the equity market.

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Dr. Hugh Akston

@Akston_Capital

3 months

Heard some gossip about $NYCB rescue financing last week. Apparently the equity raise was supposed to be priced at $3.50 per share, but someone leaked it to the press. This put the stock into freefall and resulted in deal being price at $2 per share, making it even more dilutive

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Dr. Hugh Akston

@Akston_Capital

4 years

CAPITAL STACK: In a bankruptcy, understanding the repayment priority of the different parts of the capital structure is very important. If you don't understand this concept, you shouldn't be buying any stocks that are up +100% today #fintwit $htz $val $chk

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Dr. Hugh Akston

@Akston_Capital

1 year

Heard chatter earlier today that the FDIC is losing patience with First Republic. Didn’t share earlier because I didn’t want to add to the panic, but I feels like this $FRC story has broken the glass.

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Dr. Hugh Akston

@Akston_Capital

4 years

$TSLA has 1.1 billion shares outstanding. That's an increase of +140% over the past 10 yrs. $AMZN has increased its share count by +12% over this same period.

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Dr. Hugh Akston

@Akston_Capital

1 year

PacWest is not First Republic. $PACW should have enough net interest margin to work things out. Also, PACW has taken proactive steps to shrink the bank (loans -10% in Q1). $FRC has been trying to hang onto everything and as a result has an unsustainable loan/deposit ratio.

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Dr. Hugh Akston

@Akston_Capital

3 months

Big update from $ADM on the accounting issue. ADM doesn't anticipate an impact on its consolidated balance sheets, income statement, or cash flow statement. The accounting issue is related to intersegment sales for the Nutrition segment. The most likely outcome is the Nutrition

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Dr. Hugh Akston

@Akston_Capital

3 years

@kevinchenNYC LEGENDS OF LEVERAGE (expanded edition) Archegos Capital: 10:1 LTCM: 28:1 Bear Stearns: 36:1 Lehman Brothers: 44:1 The Federal Reserve: 197:1

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Dr. Hugh Akston

@Akston_Capital

4 years

$TSLA is covered by 30 sell-side analysts w/ price targets. The avg price target today is $1,232. The avg price target on 1/1/20 was $334. Before you listen to analysts, consider this chart. Analyst targets typically just shadow the stock price. They are reactive, not predictive

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Dr. Hugh Akston

@Akston_Capital

3 years

@NorthmanTrader I remember it well. $CSCO was going to grow revenue at +50% yr/yr indefinitely. Curiously, the price action of $TSLA is remarkably similar to $CSCO during the tech bubble. Here are the market caps since IPO.

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Dr. Hugh Akston

@Akston_Capital

3 years

@Fxhedgers How many people have gone to state schools or community colleges instead of expensive private schools because they were worried about the cost and resulting debt? Doesn’t seem fair to those folks.

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Dr. Hugh Akston

@Akston_Capital

4 months

Geo Group announces today an early redemption of this bond. $GEO to redeem the remaining 2024 notes on March 11th. Actual YTM was 11.6% with extremely low risk. Good outcome.

Dr. Hugh Akston

@Akston_Capital

10 months

This is my favorite bond right now. Geo Group / 5.875% / Oct 2024 maturity. $GEO has no debt maturing before this bond. They did tender offer for these bonds last year and only $23m are still outstanding. GEO can pay them off with cash on hand. Earn 8.2% YTM with very low risk

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Dr. Hugh Akston

@Akston_Capital

7 months

Had the pleasure to chat with @WallStCynic last night and he shared an interesting observation. There is big disconnect in market expectations for the banks vs the REITs. Bank stocks are pricing-in economic downturn & credit losses, while REITs are still trading at low cap rates.

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Dr. Hugh Akston

@Akston_Capital

1 year

The world's most expensive can of beer. So far this gem has cost $BUD more than $19 billion

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Dr. Hugh Akston

@Akston_Capital

4 years

@The_Real_Fly I was planning on staying away from $NKLA since I’ve got my hands full with $TSLA and $PLUG but I’d be doing myself a disservice if I don’t short this thing at the open on Monday

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Dr. Hugh Akston

@Akston_Capital

4 years

@QTRResearch My first year out of business school, I lived on 20% of my income and used the other 80% to pay off my student loans....what a sucker! I should have leased a sports car and rented a Hamptons summer house.

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Dr. Hugh Akston

@Akston_Capital

7 months

..live because he didn’t want to make an emotional decision (i.e. yell at the coach, sour on a player, etc.) when he wasn’t thinking clearly or emotionally balanced. 2) Everything that matters is in the data. Qualitative things such a heart/guts/etc should manifest itself

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Dr. Hugh Akston

@Akston_Capital

2 years

@phoenixvalue Barstool Sports guy becoming a stock trader. And this magazine cover…

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Dr. Hugh Akston

@Akston_Capital

7 months

..reputation for having a great culture or a visionary CEO, but if it doesn’t result in things like revenue growth, free cash flow, ROIC, etc. then it doesn’t actually matter. 3) Winners stick with their process. In both sports and investing, luck is involved. The end outcome

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Dr. Hugh Akston

@Akston_Capital

1 year

The best investments are made during the worst of times

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Dr. Hugh Akston

@Akston_Capital

1 year

What is happening today is not a classic run on the banks. Banks have access to wholesale funding but it is expensive. The problem with $SIVB & $SI is that their balance sheets were upside down (asset yields vs deposit costs). This is not indicative of the entire banking system

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Dr. Hugh Akston

@Akston_Capital

3 years

@trista_kelley Whitney Tilson going on 60 Minutes for a hatchet job against Lumber Liquidators was pretty bad. Didn’t destroy the company, but his claim that the flooring was killing people turned out to be nonsense. $LL

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Dr. Hugh Akston

@Akston_Capital

1 year

Thoughts on $PACW update: PACW was presented w/ $500m equity raise offer yesterday near current stock price. $PACW turned down the deal because they didn't want the dilution given depressed stock price. The important distinction here is that PACW rejected deal due to pricing,

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Dr. Hugh Akston

@Akston_Capital

10 months

Hasbro selling Entertainment One to Lionsgate for $500m. $HAS paid $4 billion for it in 2019. Outrageous value destruction. CEO’s with M&A aspirations often end in tears.

Dr. Hugh Akston

@Akston_Capital

1 year

Pleased to see Hasbro is possibly selling Entertainment One, but you have to wonder what kind of value destruction this misguided deal has caused? $HAS paid $4 billion for it in 2019. Doubtful they get anywhere near that on an exit. cc: @AltaFoxCapital

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Dr. Hugh Akston

@Akston_Capital

9 months

I hate this Hostess Brands acquisition as a JM Smucker shareholder. Paying 17x EBITDA for gas station brands in secular decline is dumb. Public companies incinerate so much value via M&A. $SJM $TWNK

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Dr. Hugh Akston

@Akston_Capital

2 months

these long duration assets are now being dumped by Mr. Market. I want to be adding exposure to the types of things I was buying last fall. Today's purchases: $AMT (cell phone tower REIT / 3.7% yield) $AWR (water utility today / 2.5% yield) Both trading at 10yr low PE ratios.

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Dr. Hugh Akston

@Akston_Capital

1 year

Interesting announcement from $WFC today regarding impact of LIBOR phase-out on its floating rate preferreds. Rather than switch to SOFR, the securities will pay the initial dividend rate + the floating spread for future dividends. This equates to yields 9-10% on these WFC prefs

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Dr. Hugh Akston

@Akston_Capital

4 years

@ElonBachman Mahoning County is the COVID-19 hot spot in Ohio. "According to Mahoning County Public Health, 96% of those who died had underlying health conditions and 46% were long-term care residents. The median age of the victims is 81." @cppinvest

Mahoning County reports 46% of COVID-19 deaths came from long-term care facilities

As of Thursday, the Mahoning County Health District reported there are 523 confirmed COVID-19 cases in the county, an increase of 19.

www.wkbn.com

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Dr. Hugh Akston

@Akston_Capital

4 years

1/2 Dear $TSLAQ, I'm presenting my short thesis on $TSLA at an event tomorrow. I've been impressed w/ the great research you each have done. Please tag me on your top threads so I can include your data points. @JCOviedo6 @Keubiko @montana_skeptic @BradMunchen @CGrantWSJ

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Dr. Hugh Akston

@Akston_Capital

2 years

Someone had done some interesting work on Tesla listings on Carvana. I seem to recall many used $TSLA cars being listed for prices higher than new cars & many $CVNA listings perpetually showing as "pending". Does any of this ring a bell? cc: @bgrahamdisciple @JCOviedo6 @Keubiko

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Dr. Hugh Akston

@Akston_Capital

7 months

..is not necessarily a reflection of how good the process was. Unlucky streaks are inevitable. When someone has 4 or 5 bad outcomes in a row, many will lose conviction and there is temptation to deviate from their process. Winners keep the faith and stick with their process.

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Dr. Hugh Akston

@Akston_Capital

7 months

..in the data if they are important and predictive of success. A player can have tons of “heart”, but if it doesn’t result in things that quantifiably lead to success (hits, runs, etc.) then it doesn’t actually matter. This is applicable to investing. A company can have a…

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Dr. Hugh Akston

@Akston_Capital

4 years

$HTZ bankruptcy court: "You want to do what with the stock??"

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Dr. Hugh Akston

@Akston_Capital

1 year

There could be some good buying opportunities here if Icahn Enterprises implodes. Carl would have a tough time getting $IEP out of some of these holdings. $CVI $SWX $XRX $BHC $NWL $DAN $CNDT $SD

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Dr. Hugh Akston

@Akston_Capital

9 months

My favorite “thematic” trade right now is long duration assets that are relatively insulated from the economic cycle (certain REITs and utilities). They have been dumped with the rise in long-term rates and are now trading at 5+ yr lows. If (when) we get a hard-landing and…

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Dr. Hugh Akston

@Akston_Capital

3 years

. @zerohedge excellent timing here by little bro $TSLA

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Dr. Hugh Akston

@Akston_Capital

10 months

Scotts Miracle-Gro foray into cannabis/hydroponics has been an unmitigated disaster for shareholders. $SMG has evaporated $1.3 billion dollars in this misadventure. SMG market cap is now back to where it was in 2013.

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Dr. Hugh Akston

@Akston_Capital

2 years

Talked to my junior analyst today about his student loans. He told me he stopped making payments as soon as Biden was elected & hasn't made a payment since. I assume his behavior is representative of many others w/ student loans. He could have made payments but played for bailout

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Dr. Hugh Akston

@Akston_Capital

1 year

Hovde group initiating coverage on $WAL today with Outperform rating and $65 price target. Very gutsy (and unusual) for someone on the sell-side to step in front of a situation like this. Disclosure: Long $WAL.A/ $WAL.PRA

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Dr. Hugh Akston

@Akston_Capital

3 years

Ark Innovation ETF would have owned all 50 of the Nifty Fifty stocks in 1973. $ARKK

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Dr. Hugh Akston

@Akston_Capital

3 years

This market environment is an existential threat to the CFA program. cc: @DonutShorts @WallStCynic @Keubiko

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Dr. Hugh Akston

@Akston_Capital

2 years

I’m still on the fence on this Roe v. Wade decision. It would really help if I knew what Bill Ackman, Lebron James, and Ja Rule think about it.

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Dr. Hugh Akston

@Akston_Capital

10 months

Lots of red flags this week for consumer spending. Six Flags (amusement parks), Scotts Miracle-Gro (lawn & garden), and Driven Brands (car washes) all reported weak Q2 results. The recession is here, folks. $SIX $SMG $DRVN

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Dr. Hugh Akston

@Akston_Capital

1 year

Using the blueprint for how failing banks were dealt with in 2008, the $FRC preferreds could be a decent speculation. If FRC is “bought” via forced marriage for some nominal price ($1), the FRC prefs should be exchanged into identical securities issued by the acquiring bank.

Randy Woodward

@TheBondFreak

1 year

$FRC

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Dr. Hugh Akston

@Akston_Capital

4 months

Investors earn 3.4% dividend yield while they wait for this storm to pass. $ADM has raised its dividend each year for the past 25 yrs. I estimate fair value for ADM is $80-85 per share (+50% upside). Disclosure: long ADM

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Dr. Hugh Akston

@Akston_Capital

1 year

@lolwutnopewtf Yep 🎯

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Dr. Hugh Akston

@Akston_Capital

3 months

Consensus estimates for $NVDA are wild. Uninterrupted big revenue growth and margin expansion off these already elevated levels. Street is expecting operating margins of 65-67%. I’m not aware of any large company that has sustained operating margins above 60%.

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Dr. Hugh Akston

@Akston_Capital

5 months

What a chaotic year... Bank fund: +3% (feels great after being -26% at one point) PA: +45% (solid year start to finish, long duration in the fall worked out well) Prediction for 2024: higher rates finally catch up to economy causing a recession. Equities down.

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Dr. Hugh Akston

@Akston_Capital

8 months

Behold the worst US Treasury bonds in history trading for $0.25 on the dollar. BUT one man's trash is another man's treasure. I'm toying with idea of buying some as a bet on a hard-landing and lower rates in 2024. If long-term UST rates drop to 4% next year, the bonds will...

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Dr. Hugh Akston

@Akston_Capital

3 years

Lessons from the Dot-com Bubble. Even the best companies with great products can drop -80% when a bubble deflates. $AMZN $MSFT $QCOM $CSCO $TSLA

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Dr. Hugh Akston

@Akston_Capital

10 months

Glad to see the $PACW situation get resolved. Playing it via the preferreds was the right call. $PACWP now trading at $21 vs. $10-12 during the turmoil. Compares favorably to PACW common, which is roughly flat during this saga. I've exited PACWP, but still long prefs for $WAL

Dr. Hugh Akston

@Akston_Capital

1 year

PacWest continuing to pay the dividend on its preferred stock but cutting common dividend to $0.01. This is good news if you own the pref as it allows the bank to retain and build capital. $PACW $PACWP

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Dr. Hugh Akston

@Akston_Capital

4 years

What would have been the price of the $tsla secondary offering if the shares were subject to 180 day lock-up? Probably 1/2 the price. This stock is nothing more than a "greater fool" trading pit. @markbspiegel @TESLAcharts @montana_skeptic @WallStCynic @orthereaboot

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Dr. Hugh Akston

@Akston_Capital

12 days

Spoke w/ large fast food franchisee. Volumes are down -10% yr/yr right now, which is why many stocks making 52 wk lows. Silver lining is food deflation is occurring, current expectation is -0.50% in 2024. Fast food never lowers prices so margins should expand. Long: $SBUX $PZAA

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Dr. Hugh Akston

@Akston_Capital

1 year

I spent Monday in DC meeting with lawmakers to discuss the problems in banking system. Met with 4 members of Congress and a Senator on Banking Committee. Big picture – there is no cavalry riding to the rescue any time soon with structural reforms needed to stop deposit flight.

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Dr. Hugh Akston

@Akston_Capital

10 months

All 99 of my $JNJ shares were tendered and will be converted to 797 shares of $KVUE. I went short KVUE via naked calls that were assigned, which resulted in -800 shares short position. When the KVUE shares are delivered it will collapse the short and leave net profit of $1,201

Dr. Hugh Akston

@Akston_Capital

10 months

@ArbStocktipster The other tricky thing is the $KVUE borrow rate is rising. Just for kicks (and really because I can’t help myself), I bought in the PA 99 shares of $JNJ and wrote 8 KVUE $18 Aug 25 calls. This should result in the position essentially netting itself out following exchange offer

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0

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Dr. Hugh Akston

@Akston_Capital

2 years

Peloton price chart looking like a double black diamond run. $PTON

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Dr. Hugh Akston

@Akston_Capital

1 year

10/ portfolios that have been occurred will reverse over time. Banks with stable funding and investment portfolios that are reasonable in size and duration, should be able to navigate this higher rate environment just fine.

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Dr. Hugh Akston

@Akston_Capital

7 months

Hearing chatter that the FDIC is going to seize a bank this weekend

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