BV

Excellent-Bag135

https://www.reddit.com/r/SKHynix/s/Not2BV32hi Korean retail selling

LawngClaw17

My sweet sweet BV

Sober_Alcoholic_

I mean 🤷‍♂️ https://www.reddit.com/r/wallstreetbets/s/Lx8gU8x6BV

blejsmith

Jealousy I suspect. We (my firm) invested in two secondary funds where the majority exposure was SpaceX. The first investment was done in 2021. Market value is ~$75M and Book cost is $3M. Second investment was in 2023. Current MV is $41.8M while BV is $7.5M. The Elon haters make me laugh

Asleep_Emphasis69

No mention of historic P/E or P/OCF, P/BV.......but sure, vibes say the market is over-extended

Singularity-42

The directional thesis is right — US phosphate producers benefit from Hormuz disruption vs Gulf-dependent competitors. But this post inflates the case at every turn. The CF Industries "cheat code" is dead. That 725K ton/year Henry Hub-indexed ammonia contract was terminated effective Jan 1, 2025. CF exercised its contractual right to end it back in Oct 2022. Mosaic still has ammonia supply arrangements but it's not the locked-in sweetheart deal described here. Book value is wrong. BV/share is ~$38, not $24. The stock is trading at 0.65x book. That's not a "floor" — it means the market is already discounting these assets. The $400/ton "conservative" profit math is made up. Sulfur was $496/long ton and ammonia $625/mt as of Feb 2026. Mosaic's own management guided to a $250M EBITDA headwind in Q1 from sulfur alone. Stripping margins are at 5-year lows. You don't get $400/ton net margin in that environment. What's missing from this post: Mosaic is idling Brazilian operations (−1M tons/yr output). Q4 2025 was a $519M net loss. Net debt up $829M in 2025. CapEx is $1.5B this year. USDA is calling them a "duopoly." Farmer groups are lobbying to lift duties on Moroccan/Russian phosphate. And if Hormuz reopens — which could happen any week — the entire thesis evaporates. MOS dropped 5-11% on the ceasefire announcement alone. OCP cutting 30% of Q2 capacity is real. The $840/t DAP sale is real. But this reads like someone with a position dressing up a geopolitical coin flip as a sure thing.

Ok_Cartoonist6749

HMR SP=0.86 MC=50M Rev=55M EV=82M Debt=0 (good) cash=18M float=5.5M 90%insider 0.2% Institute (Not good). FV/BV=0.18 as EV>MC. (40 veseels?? Not sure) They have cash whereas IMPP deployed in buying Vessels. Price of Vessels r going to-go up as alot of ships r burnt.

Which_Discussion4424

Hey I'm pretty new to covered calls as well but I've been on my investing journey about a year now and I ran into the same problem where I had nobody to simply explain to me all the different options and all that but I want to share my journey and help other understand in a very easy way so I just made my very first YouTube video where I explain what a covered call is and I even showed my screen and a real example of a covered call that I have currently open right now. Go check it out [https://youtu.be/BV5D5W9ofVQ?si=LQwWwIYWWCk549JR](https://youtu.be/BV5D5W9ofVQ?si=LQwWwIYWWCk549JR) and if you have any questions comment on the video if I didn't cover anything you wanted to know that way i can also learn for my next video because this is exactly what I want to help people with

Odd_Buddy_3615

Unfortunately the current reality in NL is still dire. The current wealth tax of essentially 2.1% is quite large once you have over 3M in stock and still requires liquidating some amount to pay for it, which would only increase once your portfolio increases, ruining your compounding. BV is not very helpful unless you plan to remain here for 20-30 years. Otherwise it locks you in since you have to pay a much higher rate (only when you sell the stock and then when you withdraw from the BV). I think in general whatever happens, it's a strong sign that NL is the place to be once you have several million in savings.

callsonreddit

r/valueinvesting is bullish on MSFT. See top comment This means MSFT may have more downside https://www.reddit.com/r/ValueInvesting/s/GiAB0R0BV3

terrible-investor

Yeah, many people use animate. Who knows what their reasons were. This was the original email they sent around, later they backtracked and announced they weren't shutting it down. https://ibb.co/BV0zffBB

DestroyedByLSD25

This tax doesn't hit the actually wealthy. They are investing in holding BV (companies) which are only taxed when taking money out.

CoolEnergy581

Does it close the BV loop somehow then? I thought that was still a good option.

UltimateStratter

You open an investment BV and suddenly you’re out of Box 2 and only pay taxes again on realised gains. Which is what rich people are already doing now.

FitWind20

Sure, but this Dutch law does not even solve that. Wealthy people can put their wealth in a "BV" (holding company) to avoid tax on unrealized gains. So no, this benefit is not even there.

Realistic_Ferret9100

Not Dutch, but I live here. If this law pases, I will most likely move. There’s another option: you can open a BV(private limited liability company) and invest through it. This way you only pay on realization.

Complex-Jello-2031

# Novo Nordisk A/S - share repurchase programme February 09, 2026 07:16 ET  | Source: [Novo Nordisk A/S](https://www.globenewswire.com/en/search/organization/Novo%2520Nordisk%2520A%252FS) Share * [](https://www.globenewswire.com/news-release/2026/02/09/3234418/0/en/Novo-Nordisk-A-S-share-repurchase-programme.html#) **Bagsværd, Denmark, 9 February 2026** – On 4 February 2026, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules"). This programme is part of the overall share repurchase programme of up to DKK 15 billion to be executed during a 12-month period beginning 4 February 2026. Under the programme initiated 4 February 2026, Novo Nordisk will repurchase B shares for an amount up to DKK 3.8 billion in the period from 4 February 2026 to 4 May 2026. Since the announcement of the programme, the following transactions have been made: | |**Number of****B shares**|**Average****purchase price**|**Transaction****value, DKK**| |:-|:-|:-|:-| |4 February 2026|270,000|302.71|81,730,658| |5 February 2026|280,000|291.98|81,754,584| |6 February 2026|200,000|294.06|58,812,661| |**Accumulated under the programme**|**750,000**| |**222,297,903**| The details for each transaction made under the share repurchase programme are published on [novonordisk.com](https://www.globenewswire.com/Tracker?data=j7iBUsYMLjVIU9Xac3BmYSZHAP_wmT4-MIk9WZZkWug9hDYTQHY4FKfdI6g9EpmN5pBZLjjBltnh3BV6H5W8CunZ0WBe3Nu626Tm-5JElyUZdeyIH7CcZjCryfcFDktIuhkAQMQ-tMrdmZpmpXpqwkYxuyDRXRmX5WxxktlmrA8=).

HalFWit

I am buying physical copper from [Ea-Nassir](https://www.legboot.com/product/ea-nasir-copper-bullion-bar/?srsltid=AfmBOor_k0J-BV8mrD0iH_TgVwqhb__gpkzdTiUcnBvnof5RBTt2NoTX)

Thisisindeedmyname

https://efaq.com/autism/lp/quiz?utm_medium=cpc&utm_source=google&utm_term=autism%20test&utm_campaign=en_ww_goog_s_efaq_autism&utm_content=&utm_adgroup=&utm_campaign_type=search&utm_network=g&utm_matchtype=b&utm_creative_format=&utm_marketing_tactic=prospecting&utm_placement=&utm_audience=kwd-40074131&utm_device=m&utm_position=&utm_language=en&utm_geo=G9005199&utm_vertical=autism&gad_source=1&gad_campaignid=23469071262&gbraid=0AAAAA_rtMltOaMHdOhUCYGLorg5FGXiLc&gclid=Cj0KCQiA-YvMBhDtARIsAHZuUzKd8sjSkFw13zXmqKUt1_9If0FI-WbYhXTAuoSlaoUPN7vMq5BV47UaAqZOEALw_wcB

thejumpingsheep2

Yes which they are when rates go down. Their papers go up in value when rates go down as you stated prior. But this is negated when a paper is refi'ed. The BV only stays up if the loans stay on book but that wont happen if rates drop a full point or so. Plus they paid a premium for these assets to begin. So all in all, its good when rates drop a little at a time. Its not good when they drop quickly. Trump wants them to go to 0% again. He is a real estate guy with tons of debt. Its entirely to his advantage to have rates go down and for inflation to sky rocket. It renders his debt worthless while he gets to continue to issue debt at nothing.

IWillMakeYouBlush

Wouldn’t the increase in Refis only hurt BV if their bonds are trading at a premium. That def is a risk since their reinvestment rates will be lower.

thejumpingsheep2

In that case, BV also took a nose dive due to refis. No one kept their 5% loan when they can get 2-3% at no cost to them...

IWillMakeYouBlush

Yeah that def hurts profitability without more leverage if the spread collapses but it means book value is gonna be so high and since these mreit companies are basically a buncha liquid securities, they trade with a tight BV relationship.

Ihateporn2020

Right now price to BV is 1. So it's just like buying btc.  It's a buy at this particular price for me

Ok_Cartoonist6749

As per yahoo finance it only has 10M in cash n not 100M cash.u r off by x10. BV is 4 n trading 5x already. So watch price u bought in @3 ?

Ok_Cartoonist6749

I see yahoo finance only 10M in cash where do u get 100M in cash???n BV =5.0 its already trading 5X to its book value. With Cash to Debt n Rev its fair price is SP=10

nifai

Oh and one last thing. This was from RXRX Article itself and they used BioNeMo and guess what QSI proprietary platform is built on in collaboration with Nvidia? well, not a long shot here but just piecing information to all the similarities. QSI: "We are thrilled to collaborate with NVIDIA to make single-molecule proteomics more accessible to researchers," said John Vieceli, Ph.D., Chief Product Officer of Quantum-Si. We have been leveraging AI protein structure prediction tools with [NVIDIA BioNeMo](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.nvidia.com%252Fen-us%252Fclara%252Fbiopharma%252F%26data%3D05%257C02%257Ckatkinson%2540quantum-si.com%257C0f550c9f118049de621408dd05c4bfd3%257C48afde5b18304e18a221f6417a5a1bde%257C0%257C0%257C638673064827649542%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3D1FrNzFk8l3KEsejU8%252BV87mg2fw79CNi9nCAvD6zCP%252Fw%253D%26reserved%3D0&esheet=54155579&newsitemid=20241120405534&lan=en-US&anchor=NVIDIA+BioNeMo&index=2&md5=c77614581e3d4ab90f107177f38939c0), both in the cloud and on-premises to design new and improved biomolecules. Now, we are excited to apply NVIDIA technology for downstream data processing and interpretation applications for Proteus." [Quantum-Si to Develop Acceleration Platform and Advance Core Technologies in Collaboration with NVIDIA](https://finance.yahoo.com/news/quantum-si-develop-acceleration-platform-120000059.html) RXRX: "Recursion plans to utilize its vast proprietary biological and chemical dataset, which exceeds 23 petabytes and 3 trillion searchable gene and compound relationships, to accelerate the training of foundation models on [NVIDIA DGX™ Cloud](https://www.globenewswire.com/Tracker?data=HbfHhJGLFLovux_4GAinPDR2wH9w0m3CGf1Fb9Ct-PV00DWmzZS9HUvNao6gCV8tcLmGKs_X3yLyrEcPn3l86GtKVxsoPehDzmGbHLWQcCbrh2f1T6ms3yrlyJPPSgqR) for possible commercial license/release on BioNeMo, NVIDIA’s cloud service for generative AI in drug discovery. NVIDIA will also help optimize and scale Recursion foundation models leveraging the NVIDIA AI stack and NVIDIA’s full-stack computing expertise. [BioNeMo](https://www.globenewswire.com/Tracker?data=8Un3Nqj2782TnmY-gziLiq0rP2rheA9QTSi5YT8FH4GaI8kTUFZwcrGNhHakA5U9GZF9uKpnaNotEZ4CX6BVB-lb0W86a_aBQM48XFxUQWk=) was announced earlier this year as a cloud service for generative AI in drug discovery, offering tools to quickly customize and deploy domain-specific, state-of-the-art biomolecular models at-scale through cloud APIs. Recursion anticipates using this software to support its internal pipeline as well as its current and future partners." [Recursion Pharmaceuticals, Inc. - Recursion Announces Collaboration and $50 Million Investment from NVIDIA to Accelerate Groundbreaking Foundation Models in AI-Enabled Drug Discovery](https://ir.recursion.com/news-releases/news-release-details/recursion-announces-collaboration-and-50-million-investment)

Ok_Cartoonist6749

LNG sector. NEXT=7.0 MC=1.4B EV=7.0B REV=0 cash=158M debt=5.3B Float=136B. BV=1.0 NFE=2.75 MC=700M EV=9.56B Rev=2.0B or 4 to 6B awaiting for Puerto Rico. CASH=551M Debt=9.4B float=128B BV=4.50 Clearly NFE has greatest potential to be @7 to. 10 to 20 by next year than NEXT.

young_olufa

Like these ones? [here](https://www.google.com/aclk?sa=L&ai=DChsSEwig0J6JjO-PAxUisgMAHRwUM_oYACICCAEQCxoCb2E&co=1&gclid=CjwKCAjwisnGBhAXEiwA0zEOR08NOsFzZf4QPIDHsoPd6ek8pCFg-EWEK_51H96lQZC5IdYBxvOT_BoC_0sQAvD_BwE&cid=CAASJeRo_ck9hj_YXTKD3jgBJ6oOHqDoHPkuLnt3WrT5Z8h03bSsf3A&cce=2&sig=AOD64_2oUDkPD0P88b7KmhB_BV1Yzhz8Vg&ctype=5&q=&ved=2ahUKEwjwmpmJjO-PAxXgm2oFHRElAfgQwg8oAHoECAgQMw&adurl=) What’s so special about em?

Limp_Incident_8902

To be fair, it doesnt seem like this discussion even matters considering it is now confirmed to no longer be an annual fee, but this is actually a useful number in that scenario. As market cap plays a large role on valuing a company, in that larger caps require larger revenues to support. Sure, a more useful number would be EBITDA or EPS, so we could directly see how much the the impact would impact profitability, but I still think market cap is a good general measurement. Also, we would have to start saying EBITDAH1BV, instead of just EBITDA adding (h1b visas).

Worried_Quarter469

Amsterdam-based IMC Trading BV has offered interns in India up to 1.25 million rupees a month ($14,182) this year, a threefold jump from 2024

iyankov96

My point is that the recent returns that came from Alphabet were largely from the multiple expanding. Even if you take the PE multiple, which is bigger than the currently presented 25.5 if you subtract gains on equity securities because they're a one-time event and I like to evaluate the company based on NOPAT, it's still trading at very high levels. I guess just ignore these comments if they annoy you. I like to look at multiple metrics when evaluating companies and the ROE : P/BV (which ultimately is the earnings yield) was one such example.

iyankov96

If you buy a stock at 8x BV and it consistently earns 24% on equity you'll average out to making 3% over time. Buy at half and your return doubles. You idiots that pay a premium and throw away all discipline out the window when you see quick money being made will be the ones that get screwed.

KarlLachsfeld

Since when does P/BV matter in this market?

iyankov96

Keep in mind, the long-term average P/BV of Alphabet used to range from 3.5-4.5 up until Covid. Link [***HERE***](https://www.macrotrends.net/stocks/charts/GOOG/alphabet/price-book). Then it shot up and crashed back down to historical levels. This came with a 40% stock price correction downwards. Now the stock's P/BV is at 8, the highest it's ever been and literally twice the historical average. To me that either means another massive correction is coming or the stock won't move for years until revenue catches up to the price... and it's mostly the same story with almost every other stock in the S&P 500. Even companies like Walmart and Costco are priced at insane levels and there's no way the current price paid will produce a 10% yearly return on average. I think it's time to start looking at international companies.

Odd-Luck-8120

I base the valuation in my "successful turnaround" scenario on other big box anchors, not declining mall anchors like Macy's, and give a rough discount when comparing the current price to book value to to give myself clean numbers. The comps to the current p/b of Dicks and Best Buy out Kohl's at safely over $200 a share. It's actually got more potential than even that as Kohl's proprietary brands are high margin, somewhat frequent purchases. Even something as simple as aping the checkout/impulse lines that discounters like Burlington TJ Maxx use adds big profits. Then you got them finally monetizing their large parking lots for ground leases, and leasing space in larger stores to get to a 55k Sq ft store size. I think the turnaround is still in the early stages and is working, but if I'm wrong about that I still think we should get much closer to and perhaps above BV.

Odd_Entrepreneur2815

I think a fair value is BV($35) all the way up to $70 depending on rate cuts and economy. If KSS continues the downward trend I see it being BV minus some discount which I would gamble lands near ~$25(33% off asset value due to friction of selling assets in a true wind down). Concerning tariffs: the issue is everyone buys from the same manufacturers abroad. Everyone will have same cost frictions so I believe it will be virtually a moot point. Also, kohls is now focusing primarily on private labels/brands that have much higher gross margins even in their discounting programs. Due to this, they’ll be able to better ride the pricing wave that may or may not be coming due to tariffs. I personally think this will be like the “transitory inflation” lie. Most countries and manufacturers are absorbing. Personally, I agree with Bessent that companies should be trending back to Pre-COVID margins vs covid margins. Companies took advantage of demand issues and have bloated profits and margins compared to historical trends and I would gamble we start trending back to normal. Concerning economy risk: this is the only true bear thesis that has weight for me. Rising tides rise all ships and same in reverse. My thesis struggle in the short to medium term IF the economy goes into recession especially a severe one. Right now, I’m on the fence thinking it’s 50-50 boom or decline chances. Trump can thread the needle with growing GDP, shifting costs to the world, and rate cuts and if he does we have an economy like he was running before Covid. If not, then bear thesis may play out for a year or two on KSS. My margin of safety is the fact it has massive assets and is valued at .4xBV when the S&P is currently valued greater than 5x.

Odd_Entrepreneur2815

Reason it’s a deep value. Its real estate is worth atleast $35 per share(current BV) or more. They’re an old school retailer so they bought all their CRE over 20-25 years ago on average and have depreciated it off their books by greater than 50% so far. Additionally, dive into the Balance sheet and debt. They paid of 26%($498M) of net debt this quarter with a 5% yoy rev decline. Additionally, ~40% of their debt on books isn’t real. GAAP requires even lease extension options to show up and KSS is smart and gets 5-8 five year to 8 year lease extension options with all their locations. Balance sheet debt shows up at $6.7B but in reality it’s $3.9B(leases under contractual obligation show up as debt). Real debt excluding leases is only $1.4B.

Odd_Entrepreneur2815

Why I am so bullish on KSS would take a lot to explain and be an essay but a quick summary. I’m a deep value investor and have made pretty much all my money buying highly undervalued/negative sentiment stocks and riding them up for 6-36 months usually. I personally make most my money on real estate on the private investment side. KSS is selling at 0.4x BV currently. Its book value is based almost entirely off CRE bought over 20-25 years ago on average, depreciated off by more than half and gives me a very secure margin of safety(imo). They own 405 stores, 248 land leases, 12 DCs/warehouses, their HQ and a lot of land practically free and clear. I love real estate so I look at KSS as buying CRE at dimes on the dollar with a retailer thrown in for free. Additionally, I like balance sheets and seeing how well they’re being ran. Ultimately ~40% of KSS debt isn’t real, it’s a GAAP accounting principle that causes them to look way different on paper than in reality. Finally, I’m in it for the asset value and potential buyout offers coming but if management can prove a turn around I’ll become a long term holder until I see something change.

Odd_Entrepreneur2815

KSS is my current favorite deep value play. Retail is cyclical and Kohls has gotten massacred. Even after this most recent run up it’s still only valued at .4x BV and book value is very real and based on a massive real estate portfolio. Do I hope the business itself reverses course and does a turn around? Heck yes, will lead to phenomenal returns but even in a managed decline it has a massive ability to run. Other personal faves are SLV options, SD, DAC and 30 year treasuries(they’ll print amazing returns in event of rate cuts but also give a near 5% tax advantaged payout while you wait)

OceanWaveSunset

This is not advice, and it depends on what your goals are, but for me yes. I have VOO, BV, VXUS, and SCHD. I wanted an easy to manage, wide covering ETFs that I can buy partials and slowly build up my portfolio. I plan on letting this sit for a medium to long amount of time as I just add money in when I can. I averaged a return of 10% last year and 5% so far this year. I don't know if this is the best strategy but for someone who just wants to add money when I can and see the bottom line go up more than down, it is working so far. I will buy one off stocks that I plan to keep for a few moneys and keep a little cash so I can buy every time the market dips but the vast amount is just throw in on payday. I hope this is useful.

Ok_Cartoonist6749

IMPP MC=155M EV=--113M (Undervalue) REV=139M EBTA + CASH=227M Debt=0 (V.Good) BV=13 (V.Good) O/S=34M float=11M only. It's trading 5X below its book.value. SP=3.40 X5=15. Can anyone compare SBULK,SAFE BULKN ZIM WITH IMPP? OP MC=256M EV=230M.(inline)Rev=19.3M Cah=25M EBITA -ve ( fair) No debt (good) BV=246 Rev Split= 1/25 (not good) float =277K ( v.good) iMPP is the winner.....

ASpicySpicyMeatball

You don’t value insurance companies using P/Sales. (In fact that’s not a viable metric for anything…would need to use TEV/Sales). Need to use book value ratios…P/BV, P/TBV, etc. Tons of reasons trading on this name has been depressed, but would try rewriting with a basic understanding of fundamentals. Or who knows. It could meme and disaggregate from fundamentals like GME. But even GME had a short/float thesis that was viable at least. Regardless, would do some more self education before YOLOing $1M on a name in an esoteric industry.

Asleep_Emphasis69

Berkshire will probably dip next week after those earnings. The Kraft Heinz write-down will drive the narrative. I'm waiting for an opportunity to buy leaps if it ever dips below P/BV of around $430. They will be a powerhouse in transportation, energy and insurance over the next inflation-fueled decade. The way I see it, you are getting their stock holdings for free. My tin-foil theory on the cash pile: buy NFLX for $100 b-NUTS

CaptainJimJames

6 Month Bills tells you all you need to know. There is no cut. There is some hope though. 30 year does not want a cut, has showed that over the last two weeks and if there was one, there would be a stonk market rout. No cut is actually good news. BV's also looked favorably on the stonk market the last time there were 2 dissenters in Dec 1993. Market went vertical for 3 days.

Justheretomakemoniez

BV is 35

Electronic-Try5008

im not in sbet so i dont really care but i imagine the dilutive impact has been priced in and any price action on monday would be tied to the increase/decrease in BV from friday's close to monday's open

stock_dude9

PLTR has a BV of $5b and market cap of $350b. Don’t forget that

Odd_Entrepreneur2815

Yes but it’s almost impossible to go bankrupt while being profitable and cash flowing. The ones you listed had 7-10+ years of major losses a year with eventual bankruptcy at the end. KSS has a bad Q1 generally but will still be profitable in a pretty bad down cycle. $1.256B EBITDA, $565M FCF, $155M cash and $1B free on LoC, and the list goes on. When I do a deep value investment like this I write it up as all assets - all liabilities to see where it shakes out. KSS BV is pretty accurate around $35 on low end and I’d argue able to get $70+ if interest rate environments become more favorable which I would say is coming

PrecisionOutdoors

its a pretty long list but I'd start at analyzing balance sheet: \-BV of $34.25 is based predominantly on owned real estate that they bought on average over 20+ years ago with \~50% depreciated off the books. Their CRE portfolio is worth $5B-$10B+. Most likely alot more since real estate has gone up dramatically over the last 20-30 years and they purchased their holdings for $11B. If you just marked at past purchase price then KSS is worth at least $11B.... \-Debt is overstated: due to GAAP, leases have to be counted as debt. In their 10K they state \~$6.6B of future lease obligations are from options to extend future leases that they are reasonably certain to continue leasing. IF they said they weren't planning to renew then you would see $6.6B in liabilities disappear overnight... I say current assets/liabilities wash so KSS real debt is \~$2B currently \-KSS is a real estate company with a cyclical, out of favor retail business. Due to this, they're getting valued as a retailer only and ignoring owned assets. EBITDA via Q1 last report is $1.256B! They're literally selling at 0.8x EBITDA. In the PE world they would be valued 4x-6x due to their out of favor nature. \-fun fact: KSS spends over $800M a year on marketing... that 80% of market cap.... \-TTM FCF is $565M, its trading at 1.85x P:FCF I can go on but believe I hit the most important. Ask questions if you want more detail

Odd_Entrepreneur2815

I think shorts are the only reason we see $9 share price and not in the $20s. I think if they keep on current path, shorts have to unwind and we get a Macys type recovery. I see us returning to mid $20s to $35 which is BV if market turns bullish on more than MAG 7/tech. They had something like this similar happen a few years ago, shorts killed price, M didn’t have anything change(and I believe even got worse) but over course of ~18months it went from sub $5 to $30s. If there is no chance of bankruptcy, like KSS current position, shorting loses steam and becomes too expensive of a carry over time. I shared a write up but mods deleted since it linked elsewhere. Just look up Macys or message me an I can send you the link

Odd_Entrepreneur2815

I think shorts are the only reason we see $9 share price and not in the $20s. I think if they keep on current path, shorts have to unwind and we get a Macys type recovery. I see us returning to mid $20s to $35 which is BV if market turns bullish on more than MAG 7/tech. They had something like this similar happen a few years ago, shorts killed price, M didn’t have anything change(and I believe even got worse) but over course of ~18months it went from sub $5 to $30s. If there is no chance of bankruptcy, like KSS current position, shorting loses steam and becomes too expensive of a carry over time. One of our members did a write up on it here: https://www.reddit.com/r/KSSBulls/comments/1l0vfv7/this_has_actually_happened_before/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

Odd_Entrepreneur2815

Dicks, Dillards, Academy Sports, floors and decor, urban air or similar jump parks, groceries, and the list goes on. BBBY is what a lot bring up as a comparison. I like that one! Guess what was predominantly sold or leases assumed within 2 years or less of their bankruptcy?? Their real estate…. Also, you’re missing the fact that real estate has gone up ALOT in value over the last 20-40 years. If they bought all their CRE for $11B with an average purchase date around 2000, what do you think true value actually is??? I can tell you more than what’s showing up in BV.

Ok-Charge1983

What's BV?

notalwayswright

Stop giving her BV

Odd_Entrepreneur2815

Buy KSS. If you buy options right I could easily see 10x-100x returns IF bought right and turn around happens. If not, buy the stock itself and you can easily see a 4x-5x return over 12-24 months just returning to BV and what MorningStar thinks its value is.

Butter_Ball22

Say you come upon a lamp 🪔 and out pops a genie 🧞‍♂️ you get 3 trading wishes - BER R FUK - TSLA TO $0 - ADTX TO $1,000,000.00 after acquiring Evofem. Did you know 21 Million women in the US suffer from Bacterial Vaginosis and they will soon have a treatment to cure? BV is the leading cause of 🌈🐻

Ok_Cartoonist6749

ICON SP=2.25v(Rev Split) VS IMPP. SP=3.4 ICON MC=4.8 EV=19.8(Bad), Cash=946K Debt=15.93M ( V. Bad) Rev=5.3 M already overvalued compare to EV= value. Float=2.3 O/S=2.20M IMPP MC=155M EV=--113M (Undervalue) REV=139M EBTA + CASH=227M Debt=0 (V.Good) BV=13 (V.Good) O/S=34M float=11M only. It's trading 5X below its book.value. SP=3.40 X5=15 with Geo political tension n with TACO. Can anyone compare SBULK,SAFE BULKN ZIM WITH IMPP?

Ok_Cartoonist6749

WHY NOT IMPP SP=3.30 MC=155M EV=--113M (Undervalue) REV=139M EBTA + CASH=227M Debt=0 (V.Good) BV=13 (V.Good) O/S=34M float=11M only. Compare to ZIMM, SBLK, STAR BULK, HAFN

Ok_Cartoonist6749

Undervalue is IMPP SP=3.38 MC=115M EV= --116 REV=138M Cash= 237M Debt=0 BV=14 O/S=34M float only =11M. INDO SP=5.18 MC=49M EV=46M REV=2.6M Cash=4.57M Debt=881K BV=1.34 O/S=13.9M HUSA Bad did Reverse Split SP=15.65 MC=24.5M EV=5.94M if MC more then EV it's bad. REV= 500k Cash=5.3M (ok) Debt=50K BV=4.47 ( not sure after reverse split) OS=1.5M. CONCLUSION: IMPP is the best as it reported 1.Strong earning 2. Debt= Free 3. EV=;-ve so very under values from Cash n revenue point of view. Min SP= 15 or 20 with Geo political tension. Not NFA and leave your counter argument below.

Lethalmouse1

My issue would be that it is only able to have usable value when lost (sold) or when debt games are played with it.  So, I don't think the exact normal numbers matter as much as some in your post. Because, I'd buy it with only a long term sale plan or a debt game plan. As such, based on its situation, EPS, BV, Cash vs Debt etc. It's an okay stock as is, for a market that isn't in a dip with free money deals.  So I'd buy it for a 10-20 year sale plan of money I don't need, or buy it if I had enough money to play cool debt games with it.  But without any dividend, it is only held to be sold or held to be borrowed against. It doesn't generate you money. Which is funny in that Buffet talks about buying things that pay him. 

Critical-Future-292

Just like $M assets worth way more than the business, but they’ll never carve it up and sell it. Activist and HFs will keep trying but you’re stuck with a legacy business that’ll keep declining in revenue and sales with no real way of turning it around, sitting on a ton of BV using it as collateral while it keeps depreciating.

31andnotdone

which redditor gave you BV?

PrecisionOutdoors

footlocker sold for 80% of BV but 134% of Tangible Book Value. Their book value is overstated by "goodwill and other intangibles" https://preview.redd.it/dzgn3qas212f1.jpeg?width=1290&format=pjpg&auto=webp&s=031dc70c300beb5da4258c951d7defc9f5116f45

PrecisionOutdoors

check out my analysis on KSS vs FL to make you even more bullish on KSS!! I tried to make a separate post but don't have the Karma?? Foot Locker being bought by Dicks Sporting Goods is big news this week so I thought I'd do a numbers comparison deep dive and see how our favorite ugly stepchild Kohls(KSS) compares to the beloved FootLocker(FL). https://preview.redd.it/glvst1jphn1f1.png?width=712&format=png&auto=webp&s=e8d201a960bf9e50c6cf77a3741dc3996baeae0b FL verse KSS Comps As you can see KSS is actually a MUCH better business than FL. How much better is up to you to decide but I know that we were using premium to book value as a rough gauge. If you look, KSS BV is real while FL's is has $1.123B in "intangibles" that takes it from a BV of $30+ to a tangible BV of \~$19. FL is being bought by Dicks for $2.4B. This comes out to ($2.4B/95M shares): \~$25.26/share(every publication says $24/share so I may be missing something). So if using tangible BV then Dicks is paying a 34.3% premium to tang BV. IF KSS sells for similar then **KSS should have a \~$46/share price tag** If using FCF/Price then FL is selling at 7x FCF, **KSS would be $4.536B value or $40.86/share** Using EBITDA: FL is 6.1xEBITDA; **KSS would be $7.57B or $68.20/share** Using Price/NI: FL is selling at an astonishing 200X... IF KSS is 200X NI then **$21.8B to $33.4B and a share price of $196.40 to $300.90** **GROSS MARGIN/Declining Sales:** I know someone is going to bring up KSS has worse prospects and declining sales than FL. In reality, when you look at numbers, not really. FL has declining sales last 3 years with TTM worse than 2020. GUESS WHAT?!? KSS is the same... Something KSS is MUCH better at is Gross Margins though. 2025 numbers KSS has a 40.4% GM, '24 39.9%, '23 36.7%(notice how KSS is improving??), while FL is 29%, '24 27.8%, and '23 32%(to be honest FL was all over when I was looking at them). **Summary:** I have already talked about this but Wall Street has a narrative that is 100% negative on KSS. Due to this, they have made it the ugly step child of the retail sector YET is better than alot of others and has a REAL BALANCE SHEET. Narratives matter and hopefully we can start changing the narrative on KSS. Looking at my numbers comparison KSS is DRAMATICALLY more solid and a better business the FL yet even before the buyout was selling for 75% more than KSS. Kohls is an excellent operator that is getting the snot beat out of it by the shorts. Let's change the narrative and SQUEEZE the shorts into capitulation! LET ME KNOW WHAT YOU THINK but MAN!! Every, single, time I deep dive something I get wayyyy more bullish!! \*\*Disclaimer: I cut grass and build stuff and my hobby is investing. I just happen to be pretty good at my hobby(*up 300% YTD and a CAGR of 47% for the last 6 years so far.. I am* pretty *proud of this track record LOL*). When I do these numbers my goal is to be close not 100% accurate. Discount some of what I say by 10%-50% and we still get to amazingly better than where we are currently. Take what you read with a grain of salt BUT I show my math and due diligence on purpose. I think Main Street is way smarter than we give ourselves credit for and that we give way too much deference to Wall Street/financial industry "experts". Luckily, I have been blessed to see just how wrong "experts" generally are.\*\*

Tricky-Bandicoot-186

BV is $35 and if using $FL buyout BV premium $KSS is worth $41ish

Odd_Entrepreneur2815

No, buy calls. At similar take over value off premium of BV of KSS relative to FL would equate to a share value of ~$41. It’s at $8.

HomeworkLiving1026

It will be via a BV, so no box 3 fortunately :)

ProTHOTius

I've been in it for over 2 years, surviving 4 greater than 40% drawdowns. The company has survived the 'operation', and managed to extend its debt to 2028, has plenty of liquidity, and the $50M buyback can scoop up 25% of the float at current prices. It has suffered tremendously because of the RFK Jr's onslaught on its major customers: 2 agencies within HHS. I still see it as severely undervalued trading at 50% P/BV. One hint of profitability this years, and they have guided they will be profitable for the first time in 3 years, and I see no reason why this should not go back to 1x Book Value, or $8.56. Long term: it is a $15 stock

Fun_Reflection8892

well for one it dropped 80%+ for no reason, Two $YHC, todays ER. DOUBLE BEAT expected. Sales: 36.29% increase in Q4. Q3 2024 EPS was -$0.62, reflecting a significant improvement compared to Q3 2023, where EPS was -$18.88. ...Q4 could well show profitability - Especially since they are doing the $BTC.X thing(more money to Invest) Three doing the math per Finviz $1.65/sh BV from last Q, add on the Warrants exercised, (35m OS now) add in the 36% Beat, that comes to $1.48/sh. Thats 758% undervalued Four they announced a buyback for 209k shares

Sweetchildofmine88

Canada's literally about to put 100% tariffs on Tesla. Also, BV hydro just cancelled EV rebates for tesla. Sell, while you still can. This company is going nowhere!

Academic_Wafer5293

What's the fair value? Is it a multiple of earnings? book value? tangible BV only? Tangible with AOCI? What about growth? PEG? Cash flow multiples? What do comparables/peers trade at? Are they true peers?

Cultural_Term9986


thri54

I think you’re overstepping a bit. -I’m not sure why you’re mentioning book value of intangibles here? I never said anything about adjustments book value of intangibles. I said you can exclude their expensing when calculating earnings, which agrees with your point that their value is baked into market capitalization and you shouldn’t care about their BV of intangibles. -warrant liabilities are non-operating liabilities. They are per se included in EV. My point was, if you’re calculating EV correctly, they work out fine. But, if you’re doing an FCFE model, you should consider them dilutive instruments and include them in the equity. -Ok? I that is generally applicable treatment of warrants. If warrants are exercised and listed as 0 on the BS, back out the change in warrant value from earnings, add 0 to MV or EV. The warrants are now included in share count, so it works out correctly. Nothing I said is wrong here. - what do you mean the effect of the warrants is 0 anyway? This was a SPAC, those warrants probably had a $11 strike price on a $100 stock. Would you say deep in the money options a month from expiration are worthless too? I’m confused what your point is.

Brief-Mention4171

Just seen this in the paid group that I use on telegram its on Solana network on 5k marketcap best to get in early... most of the coins drom this group do minimum 2x maximum I've seen around 58x HCUTr3uS5xXkp1BV5p24aSZUfrRxM12ryuDdu6BQpump

expend4ble

Norway here, Tesla is at the top here too. Model Y at 1st place and Model 3 at 2nd place. [https://www.tek.no/nyheter/nyhet/i/4BV7LE/bilsalget-ny-tesla-dominans-i-november](https://www.tek.no/nyheter/nyhet/i/4BV7LE/bilsalget-ny-tesla-dominans-i-november) The decrease of sales in the rest of Europe is because of punishing tolls on cars built in China.

majia972547714043

Speaking of poetic justice, reminds me of these two game videos: [https://www.bilibili.com/video/BV1vT4y1u74j/](https://www.bilibili.com/video/BV1vT4y1u74j/) [https://www.bilibili.com/video/BV1xE411V78d/](https://www.bilibili.com/video/BV1xE411V78d/) if they are not accessible, try the mirror: [https://www.laikanwang.com/video/vT4y1u74j](https://www.laikanwang.com/video/vT4y1u74j) [https://steamcommunity.com/sharedfiles/filedetails/?id=2403156320](https://steamcommunity.com/sharedfiles/filedetails/?id=2403156320)

SwimmerThat6697

its a great company but its not a 1.2T yet it will be though. performing at this expectation is gonna need to be perfect if it's going higher because it's BV is only 77B

MutaliskGluon

I didnt know that and im legit shocked they dont have to knock down BV to account for M2M losses or gains. I guess the additional volatility doing that would have some negative effects, but it just seems odd. Whats funny though is seeing mr dumbfuck Saylor go on twitter and pump his stock with "bitcoin yield" and try to act like M2M gains are repeatable and show his company is super undervalued. We need a bear market to wipe out crap like Saylor and the people he is going to financially destroy

MutaliskGluon

sothe stuf they spent 10B on thats now worth 5B doesnt cause a drop in BV?? that seems sus

MutaliskGluon

Over 2x book for JPM?? Does their BV adjust for the 10s of billions of losses on the HTM assets or does the BV adjust for those? If it's the first, oh boy I need to start digging and entering short positions

Parks_Place

A 4Tb SSd is $300 : [https://www.amazon.com/SAMSUNG-Inch-Internal-MZ-77E4T0B-AM/dp/B08QBL36GF/ref=sr\_1\_6?crid=1VIX3XCTYICWG&dib=eyJ2IjoiMSJ9.z7K2W3aYIs\_zGGqLb212x1PdTHtvX5\_EQE\_qaKqChstAsdrD3coIj4iPixOykd0G8MAatjMjPauC3dzBoSyE03UAJiVHbawTIicdxCpDkhZNgOqDqIJ3EHI1m6eBoo5ql7yhRpwPke9-Q9SFTD2LAIxyB9M9BV9-D0csrwAjKUFlFQGcWO2tKOHWw7jxJ6AYAAXtvf-0brtvqIehCKkGUTN7d34aHZIBa1JhpFszk3E.E6AUiK\_vK2A7RSuXHxjzorI\_cwFuh84bvf34v9fs1r4&dib\_tag=se&keywords=4tb+ssd&qid=1730938527&sprefix=4tb+ssd%2Caps%2C162&sr=8-6](https://www.amazon.com/SAMSUNG-Inch-Internal-MZ-77E4T0B-AM/dp/B08QBL36GF/ref=sr_1_6?crid=1VIX3XCTYICWG&dib=eyJ2IjoiMSJ9.z7K2W3aYIs_zGGqLb212x1PdTHtvX5_EQE_qaKqChstAsdrD3coIj4iPixOykd0G8MAatjMjPauC3dzBoSyE03UAJiVHbawTIicdxCpDkhZNgOqDqIJ3EHI1m6eBoo5ql7yhRpwPke9-Q9SFTD2LAIxyB9M9BV9-D0csrwAjKUFlFQGcWO2tKOHWw7jxJ6AYAAXtvf-0brtvqIehCKkGUTN7d34aHZIBa1JhpFszk3E.E6AUiK_vK2A7RSuXHxjzorI_cwFuh84bvf34v9fs1r4&dib_tag=se&keywords=4tb+ssd&qid=1730938527&sprefix=4tb+ssd%2Caps%2C162&sr=8-6) an HDD for storing just old video records will be even cheaper for larger.

Virtual_Seaweed7130

4x PE, trades at BV, is not a vaporware company.

ZZZCodeLyokoZZZ

"never be allowed to liquidate" <- that is not really relevant. If the company has any BV at the time of filing, the shareholders are owed that much. FYI i did a very quick and dirty lookup and GM book value was negative 2 at the time of CH11. Obv in that case shareholders have no claim. (Shareholders get nothing once BV hits $0).

justbits

Over the last 30 years I have had 3 stocks go to zero, bankrupt. We can discount the PE, the BV, the Sales Ratio, and Dividend payout for all kinds of reasons. But, life is too short to discount risk. And that risk can sometimes involve black swan events for which you get zero warning. Lesson learned: Don't play with more than 10% of your investment wealth. If it hurts when you lose, you are either risking too much or losing too often. Stay with growth funds/income funds, and blue chips for the bottom of your investment pyramid. Only 'play' with 'bonus money' and even then, make yourself do at least one month of research before hitting the buy button.

GAAPguygary

Tangible BV

Yield_On_Cost

That's correct. So the BV is also inflated.

AICHEngineer

Do you know what DRIP and compounding are. https://testfol.io/?d=eJytj7FqxDAMhl%2FFaPZwXTpkKxdKx0CnUI6gxk6i1pFT2bnjCHn3Kk3hSodO9WQh8f3fv0Af4iuGCgXHBMUCKaPkxmH2UABY8Ox%2BTPv2jAGKu4M%2BC%2BjeGuIuYKbIUHQYkrfQYhq6EC9QHG5D04n%2FUE7tUcJVaRJDIO6bC7Hbbu8Pq4UpSu5ioKg6Lwswjlv28%2FGpNBfKgymFJvPAzhzjOMWZnRIMJnONs0m4YYnPPuWSzuTUXjFZZnUSr0WRW%2F%2F4SyNT%2B%2B5lj9v%2F34G6m7y0nvNX3fVkwQn2Wmq1N7OqtsZznPtB88n9m0BV%2F5F%2FWj8BS2GVJQ%3D%3D

BooBeef

Just looked at them and yes, it looks like what I want is called BV/SP, thank you!

Ihateporn2020

Call options are like 20 cents vs a 50 cent share price. Just get shares. There's good potential here because the BV per share is still like almost 3 bucks per the last earnings it looked like?

Capable_Wait09

Holy shit they’re real 😂 BV even looks like a solid LEAPS play

Capable_Wait09

Shit really? I just loaded up on $NIM and $BV because of you. You gotta make that shit clear bro

katiajojo

You could tell bears there is a non-cyclical company being traded for 5 dollars per share that is growing revenue 15% per quarter, and a NIM of 80%, with a BV of 260/share and theyd still say: "see you regards at 50 cents! dont @ me when youre bankrupt you stupid greedy pigs" without seeing a shred of irony in their own statement

thejumpingsheep2

Most hard asset REITs should have refi'ed back in the 3% days. Doubt the new high rates are impacting them very much unless they are total idiots, in which case you dont want to invest in them anyway. In other words, hard asset REITs are unlikely to improve much unless badly run. What you probably want are mREITs. Those guys should see a boost to BV as rates go down, which in turn allows them to lever more, increasing dividends. They do well when rates go down, but not when rates totally collapse to near 0% as they did during COVID. Keep that in mind. Your choices are commercial or agency mREITs. I would stick with agency.

AlpsNo7456

option premium might increase, he can sell the option as long as the stock performs well. No need to worry about the BV, especially with a distant expiration date.

Fukitol_shareholder

BV3 in Frankfurt

Fukitol_shareholder

BV3 next…

Yield_On_Cost

It is possible but would be value destructive. The underlying business is a mess, they lost $241m in free cash flow in the last 12 months. In this kind of situation, buying back stock when book value is below market value is value destructive. The market value in this case should be market value of the business + cash. You can substitute the buybacks with dividends as they are the same thing assuming a tax free environment. They issue a dividend and you buy stock with that money = stock buybacks, your percentage ownership in the company will remain the same in either situation. Them buying back shares right now or issuing a dividend will literally burn money, $4B cash & $8B market cap means you pay $2 for every 1$. Is their underlying business, ex cash worth $4.4B? The whole play, as i understand is that they should use the money to turn around the business and manage to create positive shareholder value (cash flow positive) with that money. I also heard that they may become a holding company, buying businesses, similar to Berkshire & Fairfax but these companies also trade very close to their book value, Berkshire around 1.2-1.3x historically and Fairfax around 0.9x-1.1x. You can also read some Warren Buffett letters saying that he will not buy back shares if the market to book value rises over a certain point (probably around 1.4x-1.5x). So if they decide to take that route the P/BV will probably contract close to 0.8x-1.3x, nobody wants to pay $2 for every $1.

TheHiveMindSpeaketh

Another incredible quarter from $RNR which looks like an absolute juggernaut over the last few reports. - Annualized ROE at **28%** - Operating EPS of **$12.41/share** or **5.5% of market cap** in a quarter - **$170m** in share repurchases at a P/BV around 1.2, after issuing shares at >1.6x BV last year to fund the Validus acquisition - CEO says they've reduced risk exposure to Gulf hurricanes as a percentage of equity - "This remains one of the most favorable property markets that I've seen in my career...we are delighted with the state of the market." - CEO on the quarterly call

justbits

The Dow is still about 5% ahead of itself even with the drop this week. The S&P is 10% high, and NASDAQ, over 15%. Accordingly, its reasonable that the markets have already cooked in two rate decreases. If they remain at the current levels, expect it to take about a year for the remaining numbers (PE/SP/BV/EPS) to catch up. I am not suggesting to sell and wait for the pullback to buy back in. That would generate a tax event. I am suggesting a hold, with some gritty patience. If the market seems agonizingly slow for the next year, it should be. BTW: It has nothing to do with who is in office. In the big scheme, they have very little effect.