Just a thought on bad IPOs
In 2019, WeWork was about to go public. After a valuation cut during the IPO filing, investors weren’t that interested. Then the company had to stop the IPO, fire their co-founder and CEO Adam Neumann, and continue to work in private.

During the pandemic, both Robinhood $HOOD and WeWork $WE did go public. Both aren’t doing well to this day.

With Robinhood’s stock performing worse every day since IPO, it got me thinking on how WeWork would perform if it did go public under Adam Neumann. After watching the show “WeCrashed”, I’ve come to the conclusion that WeWork’s stock would’ve performed similar to how Robinhood is performing now.

As for risks of bankruptcy, I have to check both companies’ financials (but for WeWork, it would have to be the original S-1 from 2019).

These are just thoughts I wanted to share. Maybe other companies looking to go public would be expected to perform similarly as those two companies.
Maybe other companies looking to go public would be expected to perform similarly as those two companies.

Not sure what you meant by this line, @dissectmarkets? Are you referring to "other companies" that went public during the pandemic?
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Unpopular Opinion: the turnaround story of $WE is underrated
When I first heard that WeWork was going public through a SPAC in 2021, after a disastrous IPO attempt back in 2019, my first thought was that they were going to use a SPAC as a way to skirt through the regulations and extensive due diligence that investment banks did.

But when I dived deep into the turnaround story, that's when I realized that this is a turnaround story worth looking into.

After Adam Neumann and other toxic executives left the company, SoftBank and other investors were able to place a better leader. With this better leader, WeWork has the leadership it needs to conduct that turnaround.

The person they placed as the new leader of WeWork is Sandeep Mathrani. For those that don't know him, he was notable in the real estate industry during the Great Recession because he was the one that lead General Growth Properties (GGP) out of the largest real estate bankruptcy in history.

*and of course, Bill Ackman, who experienced huge returns by betting on GGP during the recession, knew he'd do the job

When you think about it, back in the Great Recession, General Growth Properties was the largest real estate bankruptcy case at the time. During the late days of the post-Recession bull market, WeWork was the largest real estate bankruptcy case.

In essence, Mathrani, who has been a master at navigating real estate bankruptcies since the Great Recession, is now given another chance to exercise his skills by helping WeWork out of a bad situation. So far, Mathrani has done a fantastic job at helping WeWork out of bankruptcy. At the same time, there's a lot of work that still needs to be done.

Furthermore, with the rise in WFA (work-from-anywhere), many remote workers are looking to work in a WeWork office since working in an RV can be cramped, and working from home can come with many distractions.

As for the many new businesses that got started during the pandemic, many of them would prefer to lease space in a WeWork than lease their own office space. There are many testimonies where employee morale at startups surged when startups chose to leave their own, uninspiring office floors for a WeWork.

If you're curious to learn more about my thoughts on $WE, here's a link to my write-up.
Following up to my post on being greedy when others are fearful.

I've been rotating out of some of my positions in banks/CPG to buy some battered high-tech high-growth names that I think are strong companies, now at reasonable prices.

Adding to my existing speculative posns

Adding to core posns

New positions

Also, plan to buy LEAP calls on the following if prices dip further (set orders with aggressive price limits).
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and my 'adds' are throttled (buy 1/3rd of what I'm comfortable with), which means I am willing to add one more installment of 33% on adds and 2 more installments of 33% on new positions. Sharing to encourage discussion on this technique
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Sharing my top positions here.
A few points / caveats:

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Robinhood's Buggy Buy/Sell Mechanism
Given I'm a #cool #zoomer I signed up for Robinhood. I generally enjoy it, but I've been having trouble with it and want to confirm I'm not alone here...

I've had a few instances, mostly with heavily traded, memey stock ($DWAC, $WE) where I put a buy or sell order in and Robinhood just doesn't execute. Anyone else had this issue? Outside of the AMC / Gamestop saga of course...

Maybe I need to go back to my boomer ways and return to Schwab with my tail between my legs?
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