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I should have bought these calls instead of making a LEGO video about them
$HT to the MOOOONNNNN 🚀🚀🚀 +20% in the last 2 days!!! Get on the Train!!!
$HT to the MOOOONNNNN 🚀🚀🚀 +20% in the last 2 days!!! Get on the Train!!!
With 0.003%, LEGO’s redemptions were amongst the lowest ever. Why?
Should you invest in the most reputable brands in the world? - Benchmarking performance of the worlds most reputable brands against S&P500
Should you invest in the most reputable brands in the world? - Benchmarking performance of the worlds most reputable brands against S&P500
Should you invest in the most reputable brands in the world? - Benchmarking performance of the worlds most reputable brands against S&P500
Should you invest in the most reputable brands in the world? - Benchmarking performance of the worlds most reputable brands against S&P500
Not my project but this LEGO MOC of a kandle chart is pretty cool. Everyone can make their favorite chart IRL!
It's Now a Buyer's Market for SPACs as Deal Terms Get Sweetened
Mentions
I remember when the original LEGO Millennium Falcon set was being closed out for sixty bucks. God only knows what a mint box is worth now. I should have bought them all.
It actually does if you are careful to buy the right sets. Though ever year it gets harder, since LEGO has been so unconstrained in their licensing and output
Amazingly, my LEGO (in box) collection has kept pace with the S&P (not sure if it still would when the storage cost is factored in)
Other than several dozen still-in-box landmark LEGO sets? And my massive collection of MTG dual-lands and the Power 9? Well, I own a few hundred acres of farmland, and a not-insignificant amount of physical gold.
So I do think this is a legit answer, but I don't do it to churn money. For example, I know that Lego retires products. I like cars. So I buy the classic cars. Before I buy the cars, I look at LEGO YouTubers, reddit, and see what they say about the build and whatnot. I buy 2 of the same set. 1 to build, 1 to put in the vault. If you buy ones that people LOVE, keep it for a year or three; the unopened box would probably pay for the set you built. But the key is to know what people in the community like and appreciate.
Tough day. I lost 55 LEGO points.
No dude, bad orange man, Iran winning, didn’t you see the LEGO videos? Reddit honestly thinks iran holds all the cards. I’m pro terrorist I love Iran!
Iran putting final touches on AI LEGO MOA
Mine will be made by LEGO. You can’t break a lego brick.
Congrats to everyone holding ASTL (LEGO) with me.
ASTL (formerly LEGO) with a nice pre-earnings pump
Magic proposal? Literally how dumb are you? If you actually want to learn how it works in detail, it's one quick Google away, but you won't, because you're just a dumbass arguing in bad faith. But just so we're clear, public healthcare is paid for out of taxes. We all pay taxes, then when you go to the ER because you swallowed a LEGO the hospital/doctor/whoever gets paid the agreed upon rate for the service by the government, and you dont get a bill. It's pretty much exactly how it works now, but without the unnecessary overhead of private insurance companies making record profits each year. The end result is significantly cheaper per capita than the current system.
Also from Sydney, the only time I hear anything negative, it is solely about the Opera House’s music acoustics and usually those opinions are held by artists & music performers. As for the architecture, It’s the most iconic building in all of Australia, it’s listed on the World Heritage Site under UNSECO. It also has its own LEGO set too.
$ASTL's (formerly $LEGO) post-closing S-1 is effective today https://twitter.com/SPACtrack/status/1457674966896349187?t=0ijZbD8Ggmr3UPxBJR1IHQ&s=19
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My exact thought, LEGO was also not founded on a farm but in a carpentry business where they started making quality wood toys where as the Lego brick was first invented much much later on...
I had a professor in college from Denmark. She lived out in the countryside, just a little girl running through the fields... The farmer next door loved to make toys and my professor would always get toys from her neighbor. The farmer next door would go on to create LEGO Yup - my college professor from Denmark played with LEGOS before it was a thing.
You sound mad that you didn't make money... lol they saod this same thing about $LEGO... this is a fkn casino bro... we're here to make money....
I had the same thought. Also had 30k BENER at .40 that I flipped for .75. (Could have gotten $1.1 if I’d waited). Buying cheap warrants on suspect rumors is seriously a good way to make money. LEGO and MUDS come to mind. I am sure I have done it in others too. .60 warrants with a target are really no brainers in my mind.
SPAC commons at any time sort of suck. Not much risk, but very little reward. The ones that go over NAV did so right on DA. (RICE, MUDS, LEGO, etc). If they don’t jump on DA, they don’t move until the merge. And then it’s generally down.
LEGO is dead. Long live ASTL!
So not true. I got burned bad on ACEVW and MLAC. And a few other bad buys. But did well on MUDS, LEGO, LATN and a few other names. If I “pump” something, I try to clearly indicate why I think it’s going up. Read back thru my posts. I will say “this seems like crap but has a lot of interest behind it”. Or I try to give my reasons why I think it will do well. I got burnt trying to play the silly squeeze plays. Luckily I got a big win on GWAC early on to offset those. The only stock I have “pumped” shamelessly on here was LATN/PROC. And I made it clear that I had a large position. I also pumped it hard when it was in the .60-85 cent range. Anyone that joined me did well.
oh you mean units coming with 1 full warrant right? doesn't necessarily hurt too bad. LEGO units also came with 1 full warrant and those hit $3 recently
I mean it’s all good, I was just happy I got a new LEGO set every other week.
I mostly mean pre-despac, plenty of diamond in the rough despac, but very few pre-merger trading over nav other than LEGO/XPDI/couple others
LEGO is well above NAV and has been above it since August. For anyone to redeem would be to lose money. Why would you sell an $11.50 stock for $10.10? If you don't want to hold through merger, you're better off selling the shares. The arbs have likely already sold out so everyone in LEGO is a strategic investor.
No, its not. Plenty of targets have had functional companies that needed capital to grow or have reached the limited of private equity. SPACing is a great way to do this and avoid the IPO shakedown. Sure, its not too many, but Playboy, Utz, DraftKings, etc., are all doing just fine. The biggest problem with SPACs has always been unreasonable future projections that get put into investor presentations and what people are willing to pay for those projections. The second biggest problem would be companies that shouldn't be publicly traded because they still have warts. I could easily see Bright Machines cranking out T-800s in 2025, but today it is little more than a glorified LEGO set.
A couple of days ago I suggested that LEGO wouldn’t have any redemptions. Someone called me out and said there are always redemptions. I stand corrected. LEGO announced that 716 shares were redeemed. 716 shares out of 21M.
I’m happy to see LEGO get mentioned.
Really glad I took a position in LEGO. It's strange to see a price go UP after the merger is voted on and approved.
If you think they care about their face...look at what they did when the Burj Khalifa was built. They installed the world's tallest LEGO replica of a skyscraper on the bottom floor. Being tall seems to mean alot to them...
LEGO/LEGOW climbing steadily into the vote. Gonna be Zero redemptions. Too early to prefect a SKIN type winner??
$50. Cash money. But seriously, commons just don’t move anymore. Especially with a target like that. RICE moved. LEGO stayed marginally above NAV. Not much else has regardless of valuation. Calls just aren’t a good play. Unless they are out passed an expected merge date.
LEGO commons staying above 11 for a while while everything else tanked. The jokes just write themselves.
What's the SOTC? I collect watches and LEGO, but not with for the actual purpose of appreciation. It has paid off quite well despite this.
Certain LEGO sets gain sick value
LEGO TITANIC released. Just saw this dude building it on YouTube. Wouldn’t even respect his wife when she tried to talk to him, bitch needs a vibrator she deprived asf
LEGO TITANIC ANNOUNCED. THE UNSINKABLE SHIP THAT SANK. 1929 soon.
>I haven’t. Because I buy games online Yes, there's actually an invisible fence going through these two camps of gamers. Digitization of everything is the current Zeitgeist, promoted by most big companies and heavy financial interests in the background. There's people drawn to it and others being rejected by it. > They sell LEGO’s now! $500 a share should be the floor! Total game changers. Watch out hedgies. Why provoke out of context? Did I hurt your feelings or what? 🙄 Dude, you don't have to agree with me, I was just sharing my view.
I haven’t. Because I buy games online. But I did just go to GameStop.com on mobile and the front page has links to both funky pops and Pokémon toys and legos prominently displayed. They sell LEGO’s now! $500 a share should be the floor! Total game changers. Watch out hedgies.
Is anyone here already familiar with $LEGO who is good with a balance sheet? I'm having trouble understanding what they're saying on the last page of their recent earnings call presentation, as it seems to completely negate all the other numbers regarding EV multiple at de-SPAC vs EOY. Send me a message and I'll give you a link and more detail.
I was thinking about starting to pay for everything with LEGO pieces… who says they’re not valuable.
I was in Japantown trying to find a LEGO set but all they had was REGO 😕
Mom said if I don’t put lizards in my undies for a month she’ll take me to the toy store for a new LEGO set 👍
Anyone have hope's for LEGO/Algoma steel? Its been trading at above the floor for a while here, although it is crapping out today. BANKRUPTCY comes up in every search. Theres also lots of pumping of steel stocks on reddit. Anyone thinking of making a move? Staying above NAV for so long is intriguing me.
$ORGN — Bioplastics are future, only company able to make cost competitive PET compared with petroleum based plastics, major secular tailwinds in ESG, tax advantages compared to oil, stable pricing, long term contracts, low execution risk, huge $1T Tam, top tier management, huge insider buying. $ATIP — Growing over 60y/o population, expected growth in demand for PT, locations are ebitda positive after about 2 years, low startup cost for new locations, very undervalued relative to peers $LEGO — Infrastructure bill, high demand for steel, spac capital used to go green and boost production, undervalued relative to peers
I'm going to be so pissed if LEGO turns into something. lost way too much fucking around with LEGOU and then warrants and then got impatient and ate the loss. I'm a damn moron.
LEGO (Algoma Steel). Shareholder meeting scheduled next month. HCIC (Plus), if it goes through. Parties are renegotiating deal preemptively to deal with any Chinese government concerns (but have not had any contact regarding potential issues thus far. Because of this, the merger will probably miss the original November outside date, per most recent SEC filing.
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Warning: this a serious comment, for once… I have a colleague who opted out of pension contributions for 3 years and invested the same amount into LEGO sets each month. Roughly $3k/month from memory (which sucks). Wasn’t a YOLO; he was doing this because he thought collecting LEGO sets Would outperform our pension managers. So… 🤷♂️
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If you dirty whores could pick one currently private company to go public and make tendies on who would you pick? Off the top of my head I’d probably go with LEGO or IKEA.
I wasn't dissing Algoma I had warrants in LEGO cause I liked it, I just think its a little ironic when we have so much AI/Quantum/Fintech powerpoint that good old steel can whoop most everything else for price action.
Kind of funny that out of all our new/cutting edge tech companies LEGO commons, representing a century old company, holding up higher than almost anything else. Really drives home valuation as *the* main factor...
Do you spread out or go in on a few big ones? LEGO/MUDS we’re during the SPAC crash so good on you for still being able to make plays during that time. I had my big bets on PSTH/THCB (after I made a lot on CCIV) but missed badly on those. Could’ve sold for profit on both but reminiscing about video game mode had me holding, though PSTH was just a disaster in general.
I’m no genius. Just made a few big plays early. CURI, MP, GOEV, RMO, QS. Sold out early so missed truly epic gains, but sold out early so missed some of the huge sell offs too. Made some big money on MUDS, LEGO, and now hopefully LATN. Completely missed CCIV. Thought it was overvalued. There was free money to be made last year. It’s a heck of a lot harder now. Unless you get lucky on one of these crazy squeeze plays.
Oh no, the spirit is still there. Especially now that Norm has passed. The other factor is that yes, I have a wife. But per mutual agreement, we pay our bills together and then have separate finances. She buys LEGO. I save up to make dipshit trades because, as you said, I did it once, I can do it again. And I will, (right babe?!). =) Get back to you all in the future <3
Fair enough. I'll just clarify that they project a return to 2019 levels in 2022, and then in 2023 they do project another 23% growth on top of that. Regardless even just taking the 2022 (or 2019) amount, that's an EV/Ebitda multiple of 3.6--hard to find that sort of value. I see the valuation similar to LEGO with Algoma Steel, which is at $11.50 even though steel should theoretically have peeked this year, right?
Depends on the production capabilities of LEGO and how fast they can do the upgrades. I don't think it can output anything close to what CLF or MT can in the short run, but maybe I'm wrong.
Yup exactly! A company can’t turn around with new management or anything. Exactly like LEGO too…
CLF at $20 ish and MT at $30 ish. Do you really not see any upside from $11.xx in LEGO within the next year? I mean It’s pretty much a no brainer, am I right? Please clarify.
Not sure why anyone would want to buy LEGO instead of CLF or MT. It'll take a significant amount of time and effort to get Algoma back up and running smoothly imo, and they even have to upgrade stuff. By the time Algoma can run at peak efficiency, steel prices might have already cooled down.
retail isn't doing most of the redemptions. arbs who bought up sub nav are redeeming for $10 and the 1-4% they're getting. buying up sub nav spacs and redeeming for the pittance is actually being offered up now to conservative investors looking for bond alternatives. these people aren't going to hold through merger. they're going to take their peanuts and go home. the redemption issue is going to be addressed by better deals, see LEGO once people started doing the math and treated it like the real company it really is and the real stock it will become... and sweeteners like fractions of warrants for holding through merger.
Railroad tracks, right? Have you thought about applying to the LEGO store? You can be their train person
Number of SPAC/DeSPAC Ws had nice bumps today RKLY 20, SFTW 19, DMYQ 15, DBDR 12, LEGO 11, RICE 10 Thinking HZAC will get one at some point, planning to open a position to hold through merger. Looking pretty juicy sub 1.45. Pre DA warrant hunters, when does TWND become a buy, 1/2 in the U, 1/2 way through its life, ~ 3 weeks out from breaking the QOMPLX deal. Could be seeing fills sub .5 soon. Will have some stink bids out on it way low for quick flips most likely.
LEGO moving up nicely. I hope we hear merger news soon.
The monkey's paw curls. OACB announces they will be bringing Kmart public as a spinoff. LEGO announces a mutual agreement to dissolve merger.
Same. I’ve got 50k warrants and want to add more but the crickets from LEGO Mgmt has me holding off. I sent an email to IR. Curious if they will respond.
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Anyone see any updates at all on the LEGO merger? Was targeting Q3 but I haven’t seen any filings yet. Certainly looks like Q4 at this point…
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Growth has been slow for some. But Danish elite index (C25) (bascially same as US SP500, just alot less companies), have had immense growth the last 10-15 years, actually only market rivaling SP500! So that could have been a golden oppotunity! Other than that, growth has been slow in EU, less innovation/it gets bought up by US mega companies. And many of the good big companies are privately held compared to in the US. e.g. LEGO, IKEA, ALDI etc.
I’m not convinced that matters. LEGO and MUDS were 1:1. And they had some of the best gains. Before MUDS imploded of course. Not sure what RICE was. But I don’t buy info that “warrants per unit” thing making much difference in the end. The change in float eventually is marginal.
I have dozens of pre-DA spacs that are below trust value. Hard to know which ones will merge with what and when. So I just buy the cheapest ones and wait. This way I always make money on those. But lately I have been buying FACA below 9.70 as a potential crypto play, and NOAC as a potential meat-alternative play (that is what they are supposed to look for anyway). But if I can get them below 9.70, I won't lose money on them. In terms of de-Spacing names, I only have a few that I am keeping. FTCV (buying eToro) and LEGO (buying Algoma Steel) are my biggest currently. I am keeping these because they both make money and I believe in them longer term. I will likely hold on to SPNV (it is a competitor to OPEN), but still deciding on that one.