30 January Watchlist 👀

Table of Contents

 

Today we are watching…

1. Berkshire Hathawy (#berk-a)

Few can say they’ve stuck to an investment for over forty-years before deciding to sell. Warren Buffett is finally shedding deadwood from his investment portfolio. The holding firm through which he invests is supplying a loan to Lee Enterprises so that it can afford to take BH Media off his hands; a spin-off packed full of all-but worthless newspapers. One of those is the Buffalo News, which he famously delivered as a teenager and invested in for its local monopoly on advertising. The decision was enough to change any investor’s life, but things changed when the internet came along. Buffett dug his heels in and insisted that a turnaround solution was out there. Now, he is finally cutting losses. Print media, RIP.

2. SmileDirectClub (#sdc)

Home dental start-up, SmileDirectClub (SDC), has had a rough start to public market life. Invstrs haven’t been shy to have a go and trade the company, but results have proved hit and miss with only 57% accuracy. Now, analysts at S3 Partners believe that if SDC can make just some ground, there could be a “short squeeze” against the record numbers of investors betting against the stock. Essentially, as the price rises, shorts’ knees will begin to tremble as potential losses are infinite. As they bail, more shares need buying to close those short positions. That, in turn, will jump the stock price even higher. First thing’s first, SmileDirectClub needs its new dental practice partnership-model to bring some market gains! Could it happen?

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