Carvana Lays Off 2500 Employees

I’m sure. But you said “caribbean” and I’m not sure you visited every place with trade winds there. Still, must be better than South East Asia :grin:

If it floats, flies, or f***s, you should probably just rent it.

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I thought about the boat share, but I did the math. That really only makes sense for people that take them out a couple times a month. I have a dock at my condo so I would prob sit on my boat and work there all day.

Cheaper then renting an office.

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Definitely ran out of desire long before I ran out of islands.

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The weather in AD is great right now. Not too humid or hot, I’m going to enjoy it while I can.

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I remember you had position on this, when I saw yesterdays 40% dip was hoping you had some Leap Puts that you were still holding.

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Everyone on Wall Street bets were buying cvna yesterday AH so hopped on the trend for a quick 12%. Have a stop loss set at 4.20! Day traders are gonna be moving this thing like crazy over the next week. I won’t hold it overnight though, def will exit later today, I could see $5 hitting if the big boys jump in.

Out at 5.05. Not a bad day. This is how daytrading hooks you… I won’t be sucked back in haha…

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The ghouls at Apollo have teamed up with Pimco to get Carvana’s debt restructured

https://www.bloomberg.com/news/articles/2022-12-08/carvana-pact-offers-a-blueprint-for-battle-weary-debt-investors

Wake me when Eddie Lampart is CEO, and giving CVNA all the affection he gave Sears and Kmart

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I totally expected the vultures to try and save this company. I’m gonna hold 1000 shares jic. They have a decent infrastructure and own a lot of real estate not to mention their name is househaold. Def could turn it around if enough money is thrown at it.

My 1000 shares are free from todays profits so no risk really.

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I mean they own adesa and carry a ton of inventory. Smart vultures could trim the fat and make this a much more efficient and maybe even profitable company.

Where’s a Gordan Gekko when you need one.

More than likely Adesa will be the sacrificial lamb to the 4b unsecured.

And there have been reports of autogroups buying $200M+ inventory at 80% of MMR. So their inventory is vanishing through a different channel.

0% possible or likely with the current leadership. Question is when will debtholders have enough juice to change the management.

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Yeah they’d need to can the management… who is already rich off of previous stock sales so who knows maybe that happens.

If they go under I’d think a national auto group would be the ideal buyer. Leverage the brand clean up the infrastructure and effed up logistics and integrate with physical stores.

Link to these reports?

I don’t have a physical report, it’s being reported on the YAA channel in the chat room. They mention the group buying them but I forget

YAA = bunch of clowns

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Anyone playing the casino today?

Going to $10… Lots of volume, low float. Gonna be a bumpy ride but I think we get there next week.

I would, but due to my job I have to hold any stock for 30 days and there’s no way I’m going to do that lol

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