When I wrote about BAK, they had three years of cash, but that was almost two years ago, now they have about a year and a half of cash, and chemicals aren’t obvious to rebound in that time frame. Right now I prefer ASIX, a safer three bagger is sometimes better than a risky ten bagger
what's the geography of braskem's customer base? do they sell at all to the u.s. [i.e. directly earn dollars] the dollar could plunge in buying power but still be strong versus other currencies.
I miss Calvin, he blocked me, not sure why. It's like the old napster days, if I find something really good, I look to see who else found it, then I look to see what else they bought. Some trash some treasure.
Hmm no, I'm asking because moving forward I want to avoid fintwit favourites. I always get f over investing in those like Bak, hrbr, save, vtnr, asps, Russia, ostk etc. just curious what is your criteria or why u consider Bak to be a fintwit favourite.
But most of the time I just see what people are talking about the most, toenail fungus, tin, etc. I do agree that those ideas are often stale, and I won't write about ideas that I think are bad. I will always disclose which ideas come from Twitter randos.
oh i will be happy to read whatever you write, fintwit fav or not. this is the first well balanced bak thesis i read, if i had read this i wouldnt have put in such a big allocation to this (im not lasse). I was wondering if u cld also share your perspective on tin in future. there are some weirdos on fintwit that have been bullish tin for years but tin price went nowhere. they celebrate everytime tin pop 1 or 2% like it is going to happen then silence when price drops.
Thank you for the feedback, yeah its hard to stay levelheaded, sometimes. A lot of excitement out there. I haven't looked into tin yet. I only know the basics. But its been years since we last had any sort of industrial boom. China's housing market and rising interest rates have been holding a lot of things back. I'm sure we'll have a boom again someday, then the hard part will be selling
You know you're an honorary Latino when you: cover BAK, warn of dating volatile 'assets' and refer to combustible as 'Nafta.
Solid write-up ! You are able to turn such a boring company into an engaging and learning exercise. Bravo !
Thank you for the kind words
What's your latest thoughts on this now that Braskem has perhaps bottomed out at $2.50ish?
When I wrote about BAK, they had three years of cash, but that was almost two years ago, now they have about a year and a half of cash, and chemicals aren’t obvious to rebound in that time frame. Right now I prefer ASIX, a safer three bagger is sometimes better than a risky ten bagger
what's the geography of braskem's customer base? do they sell at all to the u.s. [i.e. directly earn dollars] the dollar could plunge in buying power but still be strong versus other currencies.
BAK has about 8% market share in the US, about 65% in Brazil, and the rest of latin America is somewhere in between.
do you mean 8% of its output goes to the u.s., or that 8% of plastics in the u.s. comes from BAK?
8% of plastics in the US come from BAK, assuming Gemini AI wasn't hallucinating
How do you determine that Bak is a fintwit favourite? I only ever saw calvinfroedge promoting it initially and then 3/4 retail accounts discussing?
I miss Calvin, he blocked me, not sure why. It's like the old napster days, if I find something really good, I look to see who else found it, then I look to see what else they bought. Some trash some treasure.
Hmm no, I'm asking because moving forward I want to avoid fintwit favourites. I always get f over investing in those like Bak, hrbr, save, vtnr, asps, Russia, ostk etc. just curious what is your criteria or why u consider Bak to be a fintwit favourite.
I do sometimes use a screener: https://tradestie.com/apps/twitter/most-active-stocks/
But most of the time I just see what people are talking about the most, toenail fungus, tin, etc. I do agree that those ideas are often stale, and I won't write about ideas that I think are bad. I will always disclose which ideas come from Twitter randos.
oh i will be happy to read whatever you write, fintwit fav or not. this is the first well balanced bak thesis i read, if i had read this i wouldnt have put in such a big allocation to this (im not lasse). I was wondering if u cld also share your perspective on tin in future. there are some weirdos on fintwit that have been bullish tin for years but tin price went nowhere. they celebrate everytime tin pop 1 or 2% like it is going to happen then silence when price drops.
Thank you for the feedback, yeah its hard to stay levelheaded, sometimes. A lot of excitement out there. I haven't looked into tin yet. I only know the basics. But its been years since we last had any sort of industrial boom. China's housing market and rising interest rates have been holding a lot of things back. I'm sure we'll have a boom again someday, then the hard part will be selling