Rocky’s Weekly Stock Picks
Another week of uninspired stock picks. Throw a dart, why don’t ya?
NO DON’T. That’s dumb. There’s about a million better options than throwing random darts. At least for now. Alright folks, let’s just get to it then get back outside to mow the lawn and crack a cold one. It’s nearly summer, goddamn it!
CLBR - $10.12/share. There’s also warrants available for $0.34/share. What is CLBR? Colombier Acquisition - a SPAC.
The short version is that this company was formed and went public so that it could acquire a private company, without the hassle of taking the private company public.
What company are they acquiring? PublicSq. If you like to buy American, and reject the Woke agenda, then you’re already familiar with PublicSq. The merger will happen very soon, and we expect to see explosive growth. While not necessarily on the level of ‘the Trump SPAC’, we can expect to see some short-term profit opportunities.ACVF - $32.51/share, ex-div likely near the end of the month (quarterly, but not yet announced). Speaking of American values, the American Conservative Values Fund. We want to increase our holdings, as the average price continues to climb steadily.
The distribution amount is pretty negligible -it’s more like a little bonus, a little extra whipped cream.PBR.A - $10.99/share, ex-div 6/13, average 10.54% yield. The yield figure given by TD Ameritrade is actually very spot on, maybe a bit low. This South American oil stock pays, and it pays big. Petrobras operates its petrol business out of Brasil.
In the long-term, we expect this to eventually settle into single-digit returns in the neighborhood of 8%. In the near and mid-terms, however, let the good times roll!KSS - $20.28/share, ex-div 6/6. Quarterly dividends are $0.50/share. This symbol represents Kohl’s.
We have to highlight a significant amount of potential risk here. We saw what happened to ‘Bed, Bath, and Beyond’, we know that brick-and-mortar in general is struggling, retail overall is hurting, and clothing retail margins are thinner than ever. And to add insult to injury, Kohl’s has been pushing tranny clothes for kids.
So why on Earth would we want to buy this stock? A few reasons.
Firstly, owning common shares comes with voting rights. While beyond the scope of this article to explain why having ownership in a company and voting on leadership is a means of directly influencing the company; that -is- how it works.
Secondly, the price is at (or near) an historical low. What better time than now to buy in?
Thirdly, Kohl’s is not known for losing money. They’re known for reliably generating revenue. And for being kind of gay, but not over-the-top gay like a 1990’s GAP.
What we expect to see happen is a summer of bleeding, followed by a reversal into better corporate decisions and a climb back to sustained profitability going into 2024.TBLD - $15.35/share, ex-div 6/9, $0.1042/share monthly distributions. Thornburg Income Builder is exactly what it sounds like. The overall price is starting to climb out of a hole, so let’s get in now before we’re at $20/share.
This is a newer fund, but we’ve been satisfied thus far.
