Since my last update - completely out of $WBA and $RBLX. Significantly reduced $BA $DIS $IWM $ALK and $JPM but have 30-50% of original position. Accumulated $GEHC $PFE $LMT and $BMY. Still holding $OGN $PARA $WBD underwater. Not advice.

Sometimes the sun shines on bag holders. $PSKY

$PSKY. Obv the squeeziest of squeezes I’ve been on the right side of. I’ve sold 220k shares today between $13.50 and $17.50.

$PSKY. I’m in a 30 day wash rn but will re-enter lower mid Sept if given the opportunity.

I have sold all $PSKY / $PARA and $WBD positions. The 4 year thesis of consolidation and “then there were three” has been realized. This didn’t play out as I had hoped but I netted a 15-20% profit in aggregate which I wouldn’t have counted on a year ago.

As you may know I dumped 480,000 $PARA / $PSKY shares between $15 (tender) and $19.70. Why on earth would anyone be long these clowns ever again? Ellisons have zero regard for shareholders. Debt and/or dilution inbound. Why is this not a short to $10? Sell me.

$PSKY. No position after $15-$19 exit. Will get interesting in single digits and will consider re-entry. Regulatory landscape important to watch for $NFLX $WBD. If smooth $PSKY “could” potentially be an acquisition target. Also want to see if they can earn $0.35-$0.40 a share.

Tempted to re-enter $PSKY. And then I remember the contempt that Ellisons showed for $PARA Bs, the likely over-spending on tech/content that’s certainly going to happen, the debt/dilution inbound w any acquisition. Where is any growth to come from? Maybe $9-$9.50 entry.

Let’s remember our history. $PSKY covers a near $3B breakup fee and pays over $100B for $WBD just a year after Ellison fleeced $PARA B shareholders and paid only $8 for a materially similar company. Investors can now enjoy debt, dilution and goodwill impairment for decades!

Wow. Perfectly stated. I built a biotech company here after fleeing the NYS income tax. This new WA tax WILL impact me as I make about $5M a year. But I’m too busy to fight or lobby. So I’ll just spend six months at my house in FL and avoid it. Have to avoid death tax anyway.

Looks like my plan to move my company to FL in response to the WA millionaire tax created a small but focused following. Naturally I don’t want to do this if there is any chance of a successful legal challenge. Even the libs seem to anticipate this. Any news on this is welcome.

$PSKY. I know many of my old $PARA B “Brothers” are still trapped longs. Getting to be interesting value here but cannot bring myself to start a new position simply because of how the Ellisons treated the $PARA common. Let them choke on it all the way to $7.50

Been awhile since I updated. Not advice. During this correction I have accumulated $MKC $KHC $OGN $BA $NKE $ALK $GEHC $JPM and $DIS. I have reduced $LMT and $PFE considerably. Was 30% cash. Now fully invested.

Yes my $ALK position is larger than my old $PARA/$PSKY position. I DO plan on pushing this at Alaska Airlines since I own about 0.2% of the company. This is not only bad business, it’s political hypocrisy since it never cuts the other way. I’d feel the same way if it were a MAGA pin

$OGN. If you follow my feed I said this could be a speculative double. Stock was $6 when I said it. Sun Pharma offer implies $15 a share tender (assumes $8B) in debt. Any of my old $PARA / $PSKY bros wish to comment on why we are sitting at $9? Doesn’t seem to be much deal risk

Looking at you Gary as the deal guru. If you’re looking for a weekend project. 😉 $OGN

$OGN. Who is selling at $11 with a $13B deal in the works and multiple suitors? Assuming $8.5B in debt / LT contingencies this is $17 a share. Could be higher depending on where debt sits.