CANO

Cano Health

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-$4.28 -32.30%
Conor's avatar
$20.5m follower assets
What am I doing in this Almost Bear Market?
We aren't technically in a Bear Market yet "The Securities and Exchange Control Commission defines a bear market as a period of at least two months when a broad market – measured by an index such as the S&P 500 – falls by 20 percent or more."

BUT eight of my stocks are down more than 20% this year. Four are down 30% and one is down over 50%!

I sold some of the ETFs I had that were up for the year to generate more cash. I typically try and never sell individual stocks unless the underlying business is broken, but I felt like I needed more cash so I decided to sell some sector and factor-based ETFs.

With the excess cash, I am moving very slowly. I allocated a portion to $JEPI every month JEPI is great because it allows me to have covered call exposure without going through the hassle myself. I used to sell puts and calls for income during times like this when the market is relatively flat, but I lost the patience to do this.

I'm also leaving my stocks alone and have no plans to sell them. Even the ones that are down big this year. I might allocate some of the cash I built up to some of my favorite ones but at this time I'm holding steady.

Finally, I'm looking for some safe "bets" in companies with possible buy out opportunities and of course $IPOF which is Chamath's biggest SPAC that recently announced an extension. I really like $IPOF because worst-case scenario I get my money back plus interest. But the best case scenario something happens to move the stock up and I sell for a profit.

The other company I am focusing on right now is $CANO. Cano is trading around $6 a share but could have possible interest from a large managed care company at $12 plus. We will see but it feels pretty safe for now.
Good comments here.

I have been taking it slow too. Still buying a few of my beaten down names, but also expanding geographically and operationally.
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Conor's avatar
$20.5m follower assets
$CANO Cano Health Strategic Target
I have been acquiring shares in $CANO starting with a price of $4.95 a share. I've managed to acquire 900 shares with an average cost basis of $5.43 a share.

I wanted to write this post at the exact halfway mark of where the company has been rumored to be bought out. $CANO is currently trading at $7.00 a share and Owl Creek suggests a fair price of $14.00 a share.

I highly recommend you read Owl Creek's letter regarding this if you are interested.
Conor's avatar
$20.5m follower assets
Healthcare Stocks are Heating Up!
Healthcare stocks have been in a pretty long slump. They never got a bounce, ironically, during COVID and were pretty subdued during the decade long bull run.

I have been seeing Healthcare stocks starting to heat up as of late. Keep your eye out on them!

What are some of your favorites?

Conor's avatar
$20.5m follower assets
$CANO Cano Health $HUM Humana
On June 27 I started a small position in Cano Health. Today the stock is up over 20% on reports of a potential buyout target by Humana $HUM.

Sometimes you buy Target and the stock goes down 27% the next day and sometimes you get a winner.

Let's go!
Conor's avatar
$20.5m follower assets
My $DOCS trades
I added $100 to $DOCS. Follow me if you would like to see how @brianstoffel and @brianferoldi are doing on their Commonstock portfolio!

In my personal account I added or started new positions:

Taxable account

Added to $VOO
Started $CANO
Started $TMHC
Started $SEMR
Started $WBA
Started $CWBHF
Started $AMLP

ROTH IRA

Added to $AVUV
Added to $QQQM
Added to $VNQ

Pretty busy Monday for me!
Alberto Wallis's avatar
$22.4m follower assets
Upcoming Earnings Calendar! (March 14th - 18th)
Earnings season is slowing down, but there are still several very interesting companies reporting next week.

  • $DLO - This company is really interesting. Growing quickly and profitably (28% net profit margin last quarter) while solving a real pain-point for companies.
  • $GTLB - Don't know much about this company, but I've seen a lot of people commenting on it lately so I'll keep an eye out.
  • $S - Extremely expensive cybersecurity stock.
  • $FDX - Not interested in investing in the business, but very interested in their outlook for the supply chain and the impact of higher energy costs.
  • $LEN - Homebuilder. Let's see what their comments are on the supply chain + demand for housing in the US.

What company are you interested in?

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

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