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European Online Gaming Market (Betting, Casino & Poker): Industry Analysis & Outlook (2018-2022) - ResearchAndMarkets.com - Business Wire
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$SNE, MASSIVE DOUBLE DICK INSIDE. Poised to moon long-term (Computer vision boom, EV boom, autonomous driving tech, gaming boom, music streaming boom, cross-media IP, vertically integrated anime streaming monopoly, online medical services boom, shift to mirrorless cameras)
| Listen up retards. Do you happen to feel regret because you always think “ohhh if I yoloed my savings on TSLA/AMD/NVDA 🚀 leaps years ago I could be rich by now!!!” Well if you didn't know already, it doesn’t really matter what happened in the past. Hindsight will always be 20/20. You shouldn’t be harsh on yourself on your past self that your past self wasn’t retarded enough to yolo their savings into AMD/TSLA/.... Your past self doesn’t have the same knowledge that your current self has. It’s fine. If you judged those stocks with the best DD you could do at the time and didn’t think they were worth it, then you did a good job. If you always think about what you could/should have done in the past, then you don't have the right attitude to play the stock market casino imho. The single most important thing is to be able to look ahead. There are always plenty of opportunities around. There are thousands of rockets that are still on earth right now. Some may depart this year, others will stay a little longer on earth. The true strength lies in being able to identify those rockets with the knowledge you have right now. And if you still miss most rockets that will take-off this year that's fine, maybe you'll learn, get better and you'll do better next year. Now, what if I told you there’s a big rocket that’s parked right right here on earth and it has decent chance for take-off this year? Maybe it won't quite reach the moon this year yet, but hey leaving the exosphere should already be a cool milestone. It has rock-solid fundamentals and will see lots of growth in the following years/decade. It’s a company that has the fundamental technology to power all the computer vision tech, which is bound to boom this decade. The company we’re talking about is of course Sony, and it is extremely undervalued right now. Its P/E is only 14. They have a P/S of 1.65, a PEG of 0.92 (< 2 is already somewhat exceptional for a company/conglomerate of Sony’s size, under 1 is a steal) Much lower than all of its same-sector peers. This indicates significant undervaluation. Next up Sony has a P/CF 13.2, ROE of 20% (S&P 500 average is 14% which would already be considered pretty good. 20% ROE is excellent), PEGY of 0.89, P/B of 2.65 and finally Sony has $41.6B in cash on hand. This makes Sony one of the cheapest tech/entertainment/EV/semiconductor growth stocks you will find on the market. (ROE of 20% + PEGY of 0.89 + PEG of 0.92 means this company is a growth stock based on the numbers alone, but we’ll dig into the actual company and overall outlook in a moment) I challenge all retards to find a company with similar benchmarks in one of the mentioned sectors, seriously. Quite frankly doing this DD honestly blew my mind. I kept looking everywhere for reasons why the company could be so undervalued and why they may struggle in the future. Very important to look at all the challenges the company faces to make sure I’m not just doing confirmation bias DD. But all I could find was the opposite. After several weeks and months of working on this DD, I can only conclude that it is overall a very solid company for a bargain price. The new CEO is taking the company in a great direction imho and I'm begin to think he could be Sony's Satya Nadella. So if you want some easy tendies, maybe consider $SNE while it is still cheap, I’d say. For the autists out there who care about analyst ratings, SONY ($SNE) currently has 18 BUY ratings, 2 OVERWEIGHT, 4 HOLD and 0 SELL. ( = analyst consensus is a STRONG BUY). Very little analysts cover this stock compared to other entertainment/tech companies, so this adds to my assertion that the stock is very much under the radar. Which means you have time to get in before it gets noticed by the larger investing world and before it starts to get a more fair valuation (P/E of around 30 would be more fair for this company I think, but still cheaper than many same sector peers). But, anyway the few analysts who do happen to cover this company are basically all saying it’s an instant-buy at its current price. Most boomer investors still think big Japanese tech companies are dinosaurs that have long been surpassed by China, South Korea and Apple etc ages ago. Young boomers may think Sony = PlayStation and that it's it. But the truth is that PlayStation, while very important (about 24% of Sony's total revenue last year), is a part of a larger story. Lots of investors in general associate Sony with the passé Japanese electronics companies from the 80’s and the 90’s. Just like a lot people may think BlackBerry is a struggling phone company. While Sony may not be the powerhouse in consumer electronics it was in the 80’s and the 90’s, in a lot of ways they are more relevant than ever before. Despite being a well-known brand and being known as the company behind PlayStation, for some reason its stock still seems to be under the radar among both retail and institutional investors. And boy, are they mind-blowingly undervalued. Even if a big part of its business would collapse tomorrow, they would still be slightly undervalued. And I am about to tell you why. (& btw compared to Japanese tech/entertainment stocks $SNE is still super cheap (Canon, Nikon, Toshiba, Sharp, Panasonic, Square Enix, Capcom, Nintendo, Fujitsu all have P/E ratios ranging from 18 to 77 and none of them have the combination of global clout, fundamentals & growth prospects that Sony has)) 2021 Sony as a corparation is not the fucking Sony from 2005-2015’s, just like BlackBerry in 2021 is not the fucking Blackberry from 2012. Just like Garmin in 2021 is not Garmin from 2011. Just like AMD in 2021 is not AMD from 2012. No, in 2021, Sony is the global leader in imaging technology and people do not fucking realize it. Sony has 50% marketshare in the CMOS image sensor market. There’s a very good chance the smartphone in your pocket has Sony image sensors (unless it’s a Samsung phone). Sony image sensors are powering a big part of today's vision/camera technology. And they will power even more of tomorrow's computer vision tech. In 2021, Sony is a behemoth in video games, music, anime, movies and TV show production. Sony is present in every segment of entertainment. Sony’s entertainment branches have been doing great business over the past 5 years, especially music and PlayStation. Additionally, Sony Pictures has completely turned around. In 2021, Sony is the world’s biggest music publisher (and second biggest music company overall). Music streaming has been a boon for Sony Music and will continue to be. In 2021, Sony is among the biggest mobile gaming companies in the world (yes, you read that right). And it’s mainly thanks to one game (Fate/Grand Order) that nets them over $1B revenue each year. One of the biggest mobile gaming companies + arguably biggest gaming brand in the world (PlayStation). In 2021, Sony is an EV company. They surprised the world when they revealed their “Vision-S” at CES 2020. At the reception was fantastic. It is seriously one of the best looking EV’s. They already sell sensors to Toyota. Sony will most like sell the Vision-S's tech to other car manufacturers (sensors for driving assistence / autonomous driving, LiDAR tech, infotainment system). 40 sensors in the Sony Vision-S Considering the overwhelmingly good reception of the Vision-S so far, I suspect the Vision-S could be another catalyst that will put Sony as a company on the radar of investors and consumers. We've seen insane investment hype for anything even remotely related to EV over the past year. We've seen a company that barely had a few EV design concepts (oh wait, they had a gravity-powered truck though) even get a $30B market cap at some point lmao. But somehow a profitable company ($SNE) that has an EV that you can actually drive, doesn't even have a fair valuation? In 2020’s Sony’s brand value is at their highest point since 12 years. In 2021, it is projected to be a its highest point since 2001 assuming same growth as average yearly growth from 2015 to 2020. Keep in mind brand valuation is a bit bullshitty as there’s no standardization to compare brands from different sectors, let alone non-consumer-facing brands with consumer-facing brands. But one thing we can note is that Sony both as B2C brand and as a B2B company is on a big upwards trend. https://interbrand.com/best-global-brands/sony/ https://careers.uw.edu/blog/2020/03/17/these-are-the-10-biggest-video-game-companies-in-north-america-shared-article-from-zippia/ In 2021, Sony is an entertainment behemoth. They have grown their entertainment branches by a huge amount over the past 5 to 10 years (they made some big acquisitions in the music space especially and they’re now also all-in in anime). I don’t think people realize how big Sony is as an entertainment company. I dug up the numbers and as of Q3 2020, PlayStation is the second biggest video game company in the world (Tencent is #1) in revenue (I suspect Sony might dethrone Tencent after Sony’s FY Q3 2020 is released). But Sony already comes very close to Tencent especially if you add Fate/Grand Order (which is under Sony Music and not under PlayStation) under PlayStation. There’s no single other company that has this unique combination of a dominant/important position in all entertainment segments. (video games + music + movies + TV series + anime + TV networks). I guess Tencent maybe? In 2021, Sony has amazing momentum in the camera space. If you’re familiar with the enthusiast photography space, you should know this. Basically, the market is slowly shifting from SLR to mirrorless cameras. This is because mirrorless cameras tend to smallelighter, have faster AF, better low light performance, better battery life and better video performance. Sony is the company that has been specializing in the development for mirrorless cameras for over a decade while Canon’s bread and butter has always been SLR cameras. Sony is in the lead when it comes to mirrorless cameras and that’s where the market is shifting towards. Because the advantages of mirrorless have become more and more apparent and Sony’s cameras have become technically superior, Sony has gained quite a bit of market share over Canon and Nikon in the last few years. In 2019, Sony overtook Nikon as the #2 camera manufacturer. Sony is in an upwards trend here. (they have the ambition to become the world’s #1 camera brand) Sony also has very good marketing for their cameras. (Sony has a lot of YouTubers / influencers / brand ambassadors for their cameras despite being a smaller brand than Canon) (just search on YouTube and/or Google “switching to Sony from Canon” just to give you an idea that they do have amazing brand momentum in the camera space. You won’t get as many hits for the opposite) A huge portion of Sony’s profit comes from image sensors in addition to music and video games. This is in addition to their highly profitable financial holdings division & their more moderately profitable electronics division. Sony’s electronics division, unlike other Japanese brands, has shown great resilience against the very strong competition from China & South Korea. They have been able to maintain their position in the audio space and as of 2020 are still the global market leader in high-end TV’s (a position they have been holding for decades) and it seems they will continue to be able to maintain that. But seriously this company is dirt-cheap compared to any of its peers in any segment and there’s various huge growth prospects for Sony: - CMOS image sensors & Sony’s overall imaging prowess will boom due to increased demand from automotive sector, security & surveillance industry, manufacturing industry, medical sector and finally from the aerospace & defence industry. On the longer term, image sensors will continue to boom due to increased demand for computer vision & AI + robotics. And for consumer electronics demand will remain very high obviously.
- Sony is aiming for 60% market share in the CMOS image sensor market by 2026. Biggest threat here is Samsung here who have recently started to aggressively invest in image sensors and are challenging Sony. Sony has technological lead + higher production capacity (and Sony will soon open a new plant in Nagasaki), so Sony should be able to hold off Samsung.
- The iPhone 12 Pro has 3 cameras + a lidar sensor. Apple now buys 3 image sensors (from Sony) + LiDAR sensor (from Sony) per iPhone 12 Pro they manufacture. Remember the iPhone X and iPhone XS? That one had “only” 2 rear cameras (with image sensos from Sony of course). Basically, Sony will be selling exponentially more image sensors as more smartphones get equipped with more and more cameras.
- Now think about how many image sensors Sony can sell to Apple if the iPhone 13 will have 5 cameras + LiDAR sensor (I mean the number of cameras on smartphones certainly won’t decrease)
- Gaming (PS5 hype, PSN game sales are booming, add-on content is booming, PS+ subscribers count is booming and finally PSNow & first-party games sales are trending upwards as well). Very consistent year-on-year profit & revenue growth here. They have a history of beating earnings expectations here. The number of PS+ subscribers went from 4M to 48M in just 6-7 years. Investors love to hype up recurring revenue and subscription services such as Disney+ and Netflix. Let’s apply the same logic to PS+? PS+ already has more subscribers than HBO Max in the USA.
- PlayStation (video games in general) has not even scratched the fucking surface. Most people who play video games now are millennials and kids. Do you think those millennials will stop playing video games when they grow older? No, of course not. Boomers today also still watch movies and TV. Those millennials have kids and those kids are now also playing video games. The kids of those kids will also play video games etc. Basically the total addressable audience for video games will by HUGE by the end of the decade (and the decades after that) because video games will have penetrated all age ranges of the population. Gaming is the fastest growing segment of the whole entertainment business. By a large margin. PlayStation is obviously in a great position here as you can guess from the PS5 hype, but more importantly imho, the growth of PS+ subscribers (currently a bit under 50 million) and PSN users (>100 million MAU) over the past 5 years shows that PlayStation is primed to profit from the audience growth.
- On top of that you have huge video game growth in the China where Sony & PlayStation is already much better established than Xbox (but still super small compared to mobile games and PC gaming in China). Within the console market, Xbox only competes with PlayStation in North America. In the rest of the world, PlayStation has an enormous lead over Xbox. Xbox is simply a lesser known and lesser desirable brand in the rest of the world
- Anime streaming (basically they have a monopoly already + vertical integration, it might still be somewhat niche right now, but it will be big within 5 years. Acquiring Crunchyroll was a very good move)
- Music streaming (no, they don’t have a music streaming service, but as music streaming grows, Sony Music also gets a piece of the growing pie through licensing/royalties, and they also still have a little 2.8% stake in Spotify)
- Apple, Amazon, Netflix, AT&T and Disney are currently battling it out in the streaming wars. When there’s a war you have little chances of winning, you shouldn’t be the one waging the war. You should be the one selling the ammo. Basically Sony Pictures (tv shows + movies) is in that position. Sony Pictures can negotiate good prices for their content because Apple, Amazon, Netflix, AT&T are thirsty for content and they all want their own exclusive content. Sony Pictures does not need to prop up their own streaming service just like Sony Music doesn’t need their own music streaming service when they can just license out their content and turn a profit. There will always be demand for TV & movies content, so Sony Pictures is well positioned is as an independent content provider. And while Apple, Amazon, Netflix, AT&T and Disney are battling it out on the forefront, Sony is quietly building their anime empire in the background. Genius business move from Sony here, seriously. They now have anime production & distribution.
- Netflix has 200M subscribers and they currently have a 250M market cap. Think about what Sony will have in 5 years? >30M Crunchyroll subscribers (assuming all anime will be consolidated into Crunhyroll) & >100M PS+ & PSNow subscribers? Anime and gaming is growing faster than movies and TV shows. (9% CAGR for anime, 12% CAGR for gaming vs. 5% CAGR for the whole movies & TV show entertainment segment which includes PVOD, SVOD, box office, TV etc etc). And gaming as a whole is MUCH bigger than SVOD streaming. Netflix gets 99% of their revenue & profit through subscriptions. For the whole Sony Group Corporation, their subscription services (games + anime) it’s currently only 4.5% of their total revenue. And somehow Sony currently has a meagre $128B market cap?
- PlayStation alone is bigger than Netflix in terms of operating profit. PlayStation has a MUCH higher profit margin than Netflix. For Q3 2020 Netflix posted $790M operating profit and PlayStation posted $988M operating profit. Revenue was was $6.44B for Netflix vs. $4.77B for PlayStation. (and btw Sony’s mobile gaming revenue (~$1B / year) is under Sony Music, it is not even in those PlayStation numbers!!!)
- Think about it. PlayStation alone posts bigger operating profit than Netflix (yes revenue is bit smaller, but it’s the operating profit that matters most). And gaming is growing faster than movies. And PlayStation is about 24% of Sony’s total revenue. And yet Netflix has a market cap that is equal to the double of Sony's market cap? Basically If you apply Netflix’ valuation to PlayStation then PlayStation alone should have a bigger market cap than Netflix' market cap.
PS+ growth and software digital ratio growth - Sony Vision-S & autonomous driving tech (selling sensors + infotainment system to other car manufacturers). Sony surprised everyone when they revealed their Sony Vision-S electric vehicle last year at CES 2020 (in-house design and made in cooperation with Magna Steyr). And it’s currently being tested on public roads. Over the past year we have seen absurdly big investment hype into anything even remotely related to EV’s (including a few questionable companies). We’ve even seen an EV company with a gravity-powered truck get a $30B market cap in June last year. Meanwhile Sony, out of nowhere, revealed what is arguably (subjectively) one of the best looking EV’s. It got very positive reception at CES 2020. An EV that you can actually drive. But somehow their stock is still dirt-cheap based on their current fundamentals alone? Yet some companies that had pretty much nothing but some EV design concepts got insane valuations purely due to hype?
- LTE chips for IoT & Industry 4.0 (Altair Semiconductors)
- Cross-media IP (The Last of Us show on HBO, Uncharted movie etc). Huge unrealized potential synergy here (it’s about to change). We have seen that it can turn out super well when you look at The Witcher, Sonic the Hedgehog and Detective Pikachu. When The Witcher released on Netflix, sales of The Witcher 3 significantly increased again. Imagine the same thing, but with Sony IP’s. Sony Pictures is currently working on 7 video game IP based TV shows and 3 movies. We know The Last of Us tv series is currently in production for HBO. And then the Uncharted is currently in post-production and scheduled to be released in July this year currently. If Uncharted turns out to be successful, it will mark a big, new milestone for Sony as an entertainment company imho.
- Aniplex (Sony Music Entertainment Japan subsidiary for anime production, distribution & mobile games) had a fantastic year in 2020. (more on this later) There is a lot of room for mobile games growth with Aniplex. Thanks to Aniplex, Sony might beat their earnings forecast.
- Drones. DJI just got put on Entity List in USA and Sony started developing drones for prosumer / professional a few years ago. Big opportunity for Sony here to take a bit from DJI’s dominance. It only makes sense for Sony to enter the drone market targeting the professional & prosumer video market, considering Sony’s established position in the professional audio/video/photography space
- Currently Sony also has several ventures & investments in AI & robotics
- Over the past decade, Sony has also carefully expanded into medical equipment tech & biotechnology. Worth noting that Sony also has an important 33% stake in M3 inc (a medical services through-the-internet company with a market cap of $65.5B) (= just their stake in M3 Inc is worth $22B alone, remember Sony, with their large, diversified revenue streams & assets only has a market cap of $128B?)
- Sony Pictures has a great upcoming movie slate (MCU Spider-Man, Uncharted, Ghostbusters: Afterlife, Venom 2, Morbius, Spider-Verse sequel, Hotel Transylvania 4, Peter Rabbit 2, Vivo, The Nightingale). They will profit from the theatre reopening and covid recovery. They may even become more favourable among movie theatre chains because they won’t release their movies on the same day on streaming services like Warner (and yeah movie theatres are here to stay, at least for a while imho)
- All the above comes on top of established, mature markets (Financial Holdings & Electronic Products)
- Oh yeah, btw though TV’s are a cyclical and mature market and are not that important for Sony Group Corporation’s bottomline*, Sony TV’s will continue to do well for the following successive years: o 2020: continued pandemic boost
- 2020-2021: PS5 / Xbox Series X/S
- 2021 Summer Olympics (tv sales ALWAYS spike during the olympics) (& the effect is more pronounced for high-end TV’s, = good for Sony because Sony’s market share is concentrated in the high-end range (they are market leader in the high-end range)
- 2022 FIFA world cup (exact same thing as for the olympics)
- You could say it’s already priced in, but the stock is already ridiculously undervalued so idk…
You would think this company somehow has a bad outlook, but that could not be further from the true, let me explain and go over some of the different divisions and explain why they will moon: Sony Entertainment While Netflix, Disney, AT&T, Amazon, and Apple are waging the great streaming war, Sony has been quietly building its anime streaming empire over the past years. - Sony recently acquired Crunchyroll for $1.175B (it is a great deal for Sony imho and will immediately be more valuable under Sony. Considering the growing appetite for anime I honestly do not even understand why AT&T sold it, they could have integrated it with their other streaming service (HBO Max) but ok)
- With Crunchyroll Sony now has the following anime empire:
- Aniplex (anime production & distribution, subsidiary of Sony Music Entertainment Japan) F
- Funimation
- Manga Entertainment UK (production, licensing, and distribution, UK)
- Wakanam (licensing and distribution in Europe)
- AnimeLab (licensing and distribution in Australia & New Zealand)
- Crunchyroll (3 million paying subcribers, 90 million registered users and 50 million social media followers)
* Why anime matters: Anime growth “The global size is expected to reach USD 36.26 billion by 2025, registering a CAGR of 8.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Growing popularity and sales of Japanese anime content across the globe apart from Japan is driving the growth” (tl;dr anime 🚀🚀🚀🚀🚀, Sony is all in on anime and they have pretty much no competition) Anime is the fastest growing subsegment of movies/video entertainment worldwide. - Sony also has a partnership with Bilibili for anime distribution in China:
https://www.chinadaily.com.cn/a/201903/26/WS5c990d93a3104842260b2737.html - Bilibili already partnered with Sony Music Entertainment Japan to bring Aniplex’s hugely successful Aniplex’s Fate/Grand Order mobile game in China.
- Sony acquired a 5% stake in Bilibili for $400M in March 2020 (that 5% stake is now already worth $2.33B at Bilibili’s current share price ($BILI) and imho $BILI still has lots of upside potential considering it is the de facto video creation/sharing/viewing à la YouTube/Twitch for GenZ in China)
https://ir.bilibili.com/news-releases/news-release-details/bilibili-announces-equity-investment-sony Sony Music Entertainment Japan Aniplex - Sony Music (mobile games) generated $400M revenue from its mobile games in Q2 FY2020, published through Aniplex (Sony Music Entertainment Japan, “SMEJ”) subsidiary
- They are the publisher of Fate/Grand Order, one of the most profitable mobile video games of the past 5 years (has generated $4B in revenue (!!) by the end of 2019 and is still as popular as ever). Fate/Grand order is the 7th most profitable mobile game in revenue worldwide as of 2020 (!)
Fate/Grand Order #9 game by revenue last year as of Q3 2020 - Aniplex launched Disney: Twisted Wonderland in March this year. In Q3, it was the #10 most downloaded mobile game in Japan. (Aniplex now has two top ten games in Japan)
- Fate/Grand Order was the #2 most tweeted game in 2020 and #3 was Disney: Twisted Wonderland. You can see that Aniplex has two hugely successful mobile games. (we are talking close to $1B of revenue a year here). It is the #2 game in Japan by total revenue from Q1 2016 to Q3 2020 and the #9 game in worldwide revenue from Q1 2020 to Q3 2020.
Aniplex has two very popular mobile games - SMEJ earns about > $1B from mobile games in revenue from mobile games and there is still a lot of future growth potential here considering Japan’s mobile game market grew a whopping 32% yoy from Q3 2019 to Q3 2020.
- Aniplex recently co-distrubuted the movie Demon Slayer: Mugen Train in Japan in October 2020. It became the highest grossing film of all time in Japan with a total gross box office revenue of $380M. In the middle of a pandemic. It still needs to release in South Korea, China and USA where it will most likely do great as well.
Sony Interactive Entertainment (SIE) (Game & Netwerk Services business unit): - We all know 2020 was a huge year for video games with the stay-at-home pandemic boost. The whole video game sector brought in $180B of revenue in 2020, a whopping 20% increase yoy.
- But 2020 will not be just a one-off temporary exceptional year for video games. The video game market has a CAGR of 13% which means it will be worth $291B in 2027. Video games is by far the segment with the highest growth rate in the whole entertainment industry.
US video game market growth (worldwide growth has a 13% CAGR) PlayStation revenue and operating profit growth - PlayStation obviously has a huge piece of this pie and over the past years has seen consistent yoy revenue and profit growth. Think about it, for every FIFA/Call of Duty/Assassin’s Creed sold on PS4/PS5, Sony gets a 30% cut. There have been sold a billion PS4 games so far.
- 5 years ago 20 to 30% of PS4 games were purchased digitally. Flashforward to 2020 and it’s 60-75% and the digital ratio looks set to still increase a bit. This means higher profit margin for game publishers and for Sony at the expense of retailers
- SIE has seen huge success in its first-party games over the past 5 years. Spider-Man, God of War, Horizon: Zero Dawn, The Last of Us Part 2, Uncharted 4, Ghost of Tsushima, Days Gone, Ratchet & Clank have all been huge successes. This is really big and represents a big change compared to the previous generations where Sony never really hit it big as a games publisher even though most of their games were considered quality games.
- SIE is now not only a powerful platform holdeprovider, but also a very successful games publisher with popular IP’s (Uncharted, God of War, The Last of Us, Horizon, Ghost of Tsushima, Ratchet & Clank). This is an enormous asset, because firstly it increases the chances of success for cross-media opportunities (Sony Pictures can make TV shows and movies out of it to expand the popularity of those IP’s even more). And secondly, it is an obvious selling point for PS5. The more popular and bigger their exclusive content, the more they can draw people to their platform/service. This should increases PS5 total marketshare over its competitor.
- The hype for God of War: Ragnarok will be absolutely through the roof. Hype for Horizon: Forbidden West is also very good already (10 million yt views, 273K likes which is very good). Gran Turismo 7 and Ratchet & Clank will also do very well in 2021. (I suspect that GoW oand Horizon might be delayed to 2022)
- PS5 reception has been extremely good. Demand is through the roof as well all know. The only problem is that they cannot quite capitalize on the demand due to lack of supply, but overall, it is a very good thing that demand is very high, and that reception has been very positive. The challenge will primarily supply and production-related for the following 6 months and to be able to maintain brand momentum. Hopefully, they won’t push disappointed/inpatient customers to competitors.
- Considering there’s backwards compatibility from PS4 to PS5, users will want all their PSN content to transition with them as well, so I expect them to lose very little marketshare to Xbox. Also, I do not know if Americans realize it, but Xbox is not nearly as big as PlayStation in the rest of the world as it is in the USA. PlayStation just has global brand power that Xbox just doesn’t have, so Xbox isn’t much of threat at all I’d say. Where I live, in Belgium, In Europe everyone is talking about the PS5, nobody really seems to care about Xbox Series S/X that much. Comparing PlayStation to Xbox in terms of mindshare is like comparing Apple to Motorola (not meant to be a diss to Motorola, I have a Motorola phone myself, just saying that Xbox has significantly less mindshare / brand power in Europe).
- SIE is likely working on PSVR 2, this could be big.
- Sony has a small stake in Epic Games (1.4%) and they have a good business relationship with them, so this might also make them open to release first-party games on Epic Games Store after exclusivity period on PS5.
- Remember the Travis Scott concert in Fortnite? I believe that was one of the reasons why Sony invested in Epic Games. It serves as an example how music can sometimes converge with video games, and this can play to Sony’s strengths.
- PlayStation also has way superior presence in Asia compared to Xbox. Have been expanding into China as well. Another great opportunity for revenue growth.
- PS+ subscribers grew from 5.7 million by the end of 2013 to 46 million by October 30th, 2020. This is an average growth rate of 28% over the past 5 years. Considering most of the growth was early on, it will slow down, but I predict that they will have about 70 million PS+ subscribers by the end of 2023. This is huge and represents a stable, recurring source of income. Investors who keep hyping Netflix/Disney+ will love this, but it seems they have yet to discover $SNE.
- There is a reason why Amazon, Google, Nvidia have been aggressively investing in video games & games streaming. They know the business is huge and is about to get even bigger. But considering the established, loyal PlayStation userbase, the established global brand of PlayStation and the exclusive games, PlayStation should be able to easily standoff competition from Amazon, Google and Nvidia (GeForce Now) in the next few years. So far, Amazon’s venture into game development, publishing & streaming has completely failed. Stadia and GeForceNow seem to have a bit more success, but still relatively niche. Therefore, I think PlayStation is well-positioned to remain one of the leaders in the industry for the following decade.
I'll get to the other divisions later, I figured this is a good first step. But so far the tl;dr Image sensors: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 IoT/Industry 4.0 chipsets: 🚀🚀🚀🚀🚀🚀🚀 PS5/PSN/PS+: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Online medical services (M3 inc.): 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Anime: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Fate/Grand Order: 🚀🚀🚀🚀🚀 Demon Slayer: Mugen Train 🚀🚀🚀🚀🚀 Sony Music / music streaming (the performance of Sony Music’s in Sony’s business is seriously understated. The numbers speak for themselves): 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Sony Electronics 🚀 Sony Financial Holdings (very stable & profitable business, even managed to grow slightly during pandemic when most insurance companies performed more poorly): 🚀🚀🚀 Still have to cover Sony Pictures, but their upcoming movie slate looks pretty good honestly (Spider-Man sequel, Venom: Let There Be Darkness, Ghostbusters: Afterlife, Uncharted, Morbius, Hotel Transylvania 4 so that's worth one rocket as well imho 🚀 tl;dr of tl;dr: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Disclaimer: I am not a financial advisor. I am an idiot that's trying to understand why $SNE stock is so cheap. Positions: SNE 105C 21st January 22 submitted by Audacimmus to wallstreetbets [link] [comments] |
My 2021 Portfolio
Albeit a week late, I want to share my 2021 portfolio for documentation purposes and for whoever is interested. I aimed to balance risk in this portfolio with some growth names and legacy plays. Down to brass tacks, I am putting my money in the highest quality companies (in my view) across a diverse set of industries I find attractive. Some of these names are overvalued in the short term. However, I have realized I am not in the business of beating Wall Street’s pricing, but would rather hold high-quality companies that I believe will grow faster that the market in the long term. In other words, I am totally fine paying a short-term premium for growth and quality. Below is a summary of the portfolio and big picture reasoning behind each investment. I'm definitely open to any feedback.
Company | Ticker | Entry Price | Exposure |
ARK Genomic Revolution ETF | ARKG | $93.26 | 6.60% |
CrowdStrike | CRWD | $211.82 | 11.78% |
Disney | DIS | $181.18 | 10.53% |
Enphase Energy | ENPH | $175.47 | 7.98% |
Evolution Gaming Group | EVVTY | $101.02 | 12.77% |
Facebook | FB | $273.16 | 11.05% |
Redfin | RDFN | $68.63 | 10.41% |
Teladoc | TDOC | $199.96 | 9.60% |
Sea Ltd | SE | $199.05 | 14.09% |
Waste Connections | WCN | $102.57 | 5.19% |
ARK Genomic Revolution ETF (BATS: ARKG) - Invests in companies advancing genomics. The companies held in ARKG may develop, produce or enable: CRISPR, Targeted Therapeutics, Bioinformatics, Molecular Diagnostics, Stem Cells, Agricultural Biology.
- Innovative industry. Since 2003 the cost to sequence a human genome has dropped from nearly $3bn to less than $1,000. ARK believes that as costs continue to drop, genomic sequencing will become a standard of care in oncology. It will introduce more science into healthcare decision making, enable personalized medicine, and accelerate drug discovery. ARK estimates that genomic sequencing revenues will grow 43% at an annual rate, from $3.5bn last year to $21bn in 2024.
- Cathie Wood. She’s a beast stock picker. Out of all the ETFs she runs, her closest competitor trailed by 60%. Her worst ETF still doubled investors' money. Her strategy is to make investments into companies that she considers incredibly transformational and she has seen success doing it.
CrowdStrike (NASDAQ: CRWD) - Cybersecurity technology company that provides endpoint security, threat intelligence, and cyber attack response services.
- Best in class technology. Remember about a week ago a bunch of Russian hackers breached SolarWinds? The same hackers also tried to hack CrowdSrike at the same time but were unsuccessful. I’ve wandered on to a bunch of cybersecurity forums, and the general consensus is CrowdStrike has developed the best cybersecurity solution by miles. CRWD is the undisputed leader in cybersecurity.
- “Pick-and-shovel” investment into the world’s increasing digitization. Even in the absence of COVID, cybersecurity remains a key component of the world’s increasing digitization as cyberthreats have been an ongoing issue from the onset of the internet. In the last decade we have seen a bunch of hacks where companies have exposed sensitive customer information. It seems companies are just starting to realize the importance of cybersecurity.
Disney (NYSE: DIS) - Worldwide entertainment company that you all are probably familiar with.
- Reopening trade. In 2019, parks generated 45% of total operating income for DIS. Full reopening and attendance in parks will be slow, but certainly benefit DIS when it happens. The company has been executing on several other segments in the meantime (i.e. streaming). It has proved competitive, increasing the margin of safety if parks take longer to reopen.
- Fast-growing streaming division. DIS has proved agile as it successfully launched a streaming service, Disney+, that has already gained 86mn+ subscribers which was the company’s original 5 year target. This is promising as it shows management can adapt to rapidly changing technology trends.
Enphase Energy (NASDAQ: ENPH) - Designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control.
- Shift to clean energy; ENPH emerging as market leader. Going into 2021, sentiments towards solar have been at an all time high. This trend is expected to continue, especially after the Georgia run-off results. Solar firms are expected to benefit from extended tax incentives on both the consumer and producer ends.
- Technological advantage. ENPH has developed the industry leading solution and is rapidly taking market share from its primary competitor, SolarEdge. Pricing reflects this, but it's expected to continue. Among key competitors, Enphase has been one of the lowest cost producers. Its low-cost structure is a major contributing factor to its improving margins.
Evolution Gaming Group (OTC: EVVTY) - Swedish company that develops, produces, markets and licenses integrated B2B live casino solutions for gaming operators.
- Early mover advantage. Evolution’s lack of competition enables it to rapidly grow in new markets and create a loyal customer base, with high switching costs. The company has effectively grown EBITA margins from 41.6% in 1Q18 to 64.8% in 3Q20. Margin expansion is expected to continue.
- Massive untapped markets. Europe is estimated to be around $2.5bn (EVVTY has 50% market share), Asian market is ~15x the size of Europe (150% YoY growth for EVVTY in Asia). North America’s market is ~$210mn, a 42% increase YoY, with NJ and PA the only states currently operating (NY looks promising). Management thinks the US will be the largest in the long-term.
- Undetected from Wall Street. Evolution has almost no analyst coverage in the US and very minimal coverage in Europe, presenting opportunity for additional growth as institutional money managers recognize this opportunity and draw attention to the stock. Additionally, Evolution has a founder-led management team that is highly aligned with shareholders (mgmt owns over 30% of the stock).
Facebook (NASDAQ: FB) - Enables people to connect through devices. It’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.
- Zuck. It’s not a question of who is the next Jobs/Bezos/Gates/Zuck, because Zuck is super young. He has a history of being able to execute: IG acquisition / transition from desktop to mobile / denying multiple acquisition opportunities in his twenties.
- Undervalued. FB is the cheapest among the FAANG stocks, yet has some of the highest growth rates. This is mainly because of its continuous political scandals. With Trump out of office, I think FB has a chance to stay out of trouble and start to realize higher multiples. The antitrust lawsuit is not a threat imo, it is actually an opportunity. If the govt forces FB to break up, we would get shares in the spin-offs, which would be valued at a higher multiple than FB. For example, if Instagram spun off from FB and traded at the same multiple as SNAP, Instagram’s market cap would be larger than FB’s.
Redfin Corporation (NASDAQ: RDFN) - Provides residential real estate brokerage services.
- Digitization of Real Estate (i.e. “iBuying”). Technology in RE is moving from being informational to transactional. Redfin’s iBuying service is dubbed “RedfinNow.” The service basically buys homes from sellers looking for a quick and convenient sale (close deals within 10-30 days). This segment isn’t profitable yet as it is just getting started, but promising as the management adapts to technology trends.
- Inter-US Migration and housing outlook. People are moving out of the cities because of COVID / trying to avoid taxes / etc. which increases demand for Redfin’s services. With interest rates extremely low (and no expectation for them to increase), homebuying demand should continue to grow.
- RDFN most attractively valued compared to Z and OPEN, with the most upside potential given its market cap ~$7bn. Some are predicting RDFN might start offering rental services as well. RDFN has the best LT margin potential.
Teladoc Health (NYSE: TDOC) - Provides virtual healthcare services on a B2B basis to its clients and provides services to consumers directly and through channel partners.
- Competitive positioning in industry ripe for disruption. Healthcare is a huge market yet to be significantly disrupted. COVID has accelerated this disruption. Providers who were once opposed to telemedicine now realize its benefits and several regulatory changes are promising for telemedicines growth potential. Medicare and other government-sponsored coverage is expected to include telemedicine benefits, increasing TDOC’s TAM.
- Livongo acquisition. From the consumer POV, this will increase access to healthcare at a lower cost. Teladoc will have access to a larger amount of data it can interpret to refine its services and monetization strategies.
Sea Ltd (NYSE: SE) - Digital entertainment, electronic commerce, and digital financial services. The Company operates three business segments: Garena, Shopee, and SeaMonkey. The Company’s digital entertainment business, Garena, is a global game developer and publisher with a presence in Southeast Asia, Taiwan, and Latin America. Garena provides access to mobile and personal computer online games. Shopee provides users with a shopping environment that is supported by integrated payment, logistics, fulfillment, and other value-added services. SeaMonkey business is a digital financial services provider. SeaMonkey offers e-wallet services, payment processing, credit related digital financial offerings, and other financial products.
- Diversified consumer internet company with market-leading position. Sea caters to Southeast Asia and Taiwan, providing its online gaming, e-commerce, and payment platforms. Shopee has overtaken competitors, it is widening its market share lead. ESports is a rapidly growing market (15.7% YoY to $1.1bn in 2020) and Sea is outpacing market growth.
- Pay for quality. The best companies keep going up for years in a row, and I think Sea is in the early stages of being classified as such a company. It’s worth $100bn but has effectively proved its ability to identify opportunities and expand business lines.
- Still early stages of developing its consumer banking business, so we get the security of a bigger, established company with upside for an additional, lucrative business line such as fintech.
Waste Connections Inc. (NYSE: WCN) - Waste services company that provides non-hazardous waste collection, transfer, disposal and recycling services.
- Recession resilient; re-opening trade. The waste management industry is recession resilient, it will always be around.
- Non-hazardous waste collection. With a progressive government likely to push climate initiatives, recycling and non-hazardous waste collection are likely to benefit on the back end.
- WCN has a large moat; there isn’t much of a competitive threat the way the industry operates. Management’s strategy is to generally only spend what FCF is available. This enables the company to make acquisitions while handling its debt load. Great for stable growth.
P.S. I have two other accounts - one with about 40 growth stocks and another with about 10 big names / ETFs. However, this portfolio has the largest allocation for 2021. My first time trying a more concentrated approach.
submitted by bull_doze to investing [link] [comments]
In Theaters Near You: An In-Depth AMC Analysis [Response to CNBC] [DD] 🚀🚀🌕
THANK YOU MODS FOR LETTING THIS THROUGH!
Please click
HERE for the PDF version if you would like to download the dd.
(credit: research compiled by IG:@wydstockbros) To get things started, I'm not a financial advisor, I'm not a bot, and this one goes out to you, Chamath. --- tl;dr
AMC is the global leader in a $17 billion dollar industry that’s been beaten senseless to the ground with so much room to run. After pioneering deals with streaming services, buying out their competition, and upgrading their facilities worldwide, 80% short interest is highly inappropriate for its TRUE fundamental value — $69.69 a share.
🚀🚀🚀🚀🚀🚀$AMC TO $69.69🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀$AMC TO THE MOON🚀🚀🚀🚀🚀🚀 ---
"I'm questioning whether they[WSB] are actually doing the research when it comes to things like GameStop and AMC ..."
- clueless CNBC dude. I fuckin miss movies. And when I say movies, I mean the whole damn experience. I wanna buy my $15 popcorn, pour an ungodly amount of butter and jalapenos on that shit and munch in a recliner seat watching in laser 4k quality. I like this company. I like this stock.
For the past few days, I've been scouring Google for news articles and company data. I've also been trying to find some detailed DD in here but they’ve all been pretty limp-dick when it came to AMC. And most of the news articles I've read were surface-level AT BEST with a grim outlook based on first-glance analysis. Guess these analysts are just too damn lazy to dig deep.
Because when we dive into these issues, we can easily see that the theater giant may not be in as bad a situation as the media/analysts are claiming.
In fact, I believe that
AMC is absolutely misunderstood, overlooked, and undervalued. Here is why I am more confident than ever that $AMC will not only reach $30 but is in the perfect setup to see ATHs and WELL ABOVE.
I. Ugly Start, Beautiful Setup
Chances are if you are currently holding a significant position in $AMC, then most likely you've already read up on the company and its current standing in the cinema industry. You've probably read about how the corporation has nearly
$5 billion dollars worth of debt with many of its locations still closed as the pandemic remains a global issue. You may have realized that new movies haven't been coming out. But more than that, you're seeing that movies are just being
released on streaming platforms anyway. You might be concerned for AMC, or even the industry as a whole.
All of these concerns are very valid and based on real uncertainty, but let's break down each of these points and see if they’re as bad as analysts claim.
II. A Discussion on Debt
Media outlets keep honing in on this debt like it’s an ugly scar of the corporation. But what we need to focus on is why that debt came to be, how the money was spent, and how this debt was a strategic play in order to cement AMC into the new era of cinema-streaming.
We can categorize the money used into four parts:
- New equipment and amenities
- Lease payments
- Maintenance costs (utilities, wages, etc.)
- Expansion (buying out the competition)
Pay close attention to the last category because this one is important. Over the past five years, AMC has been
acquiring smaller theater companies like
Odeon. After buying out these companies, AMC then had to suit its "new locations" with the standard luxury amenities AMC is known for. This makes for a significant bulk of their debt totaling over $3 billion in just acquisitions. This was the investment that helped
solidify AMCs spot as the world's largest cinema chain.
On the topic of maintenance costs, AMC managed to raise enough money to
get through 2021. With ongoing news of vaccines, we can hope their efficacy leads to a speedy reopening near mid-late 2021. But when the economy
does reopen—and AMC is back at full operation—what will it look like?
III. The Future of AMC
There's an elephant here.. right in this very room. Yes, streaming and cinema have had some serious beef in the past. In fact, some cinema chains are having tensions with streaming to this day. But what has AMC done in regards to streaming? They were the first to
settle deals in order to partner up and take part in streaming revenue.
Yup, you read that right. AMC is both having their cake and eating it too. Why would motion picture companies do this? Why not just end the cinema industry? To put simply, analysts are deeply underestimating the value of the "cinema experience". Just as I mentioned in the intro, I miss the cinemas. But I am definitely not alone. But let's not talk about me and the hypothetical "people'', instead let's talk about research studies.
In a 3-year study done in Korea, researchers found that shortening the window of cinema exclusivity and releasing movies on streaming early
did not have a significant effect on ticket sales. And though this is a limited study done outside of the US, remember that AMC is a global corporation and these results have a hopeful outlook for the future relationship of cinema-streaming for AMC worldwide.
"But wait, you still haven't mentioned what streaming gets out of this?" It's not what streaming "gets out of this" but rather what these motion picture companies maintain in keeping a healthy relationship with cinemas. During the peak heat of the movie theater-streaming feud, AMC
halted the showing of Trolls and vowed to never show a Universal Pictures film in its theaters again if they were to continue releasing their films on streaming platforms without a proper cinema-exclusivity window. But today, we can see that the tensions have fallen and both motion picture companies and AMC have found a way to mutually benefit each other.
Now besides streaming, AMC has been investing in luxury amenities as seen by their chairs, 4K laser projectors,
MERV air filtration, and ultra-surround sound speakers. With so many locations and so many amenities, they are offering
full theater rentals with high demand during the pandemic. AMC has further cultivated their century-old movie experience into modern times. And this pandemic didn’t just change their amenities.
They had to learn how to
cut costs and have more efficient operations in order to survive. This only spells good news for when they emerge with better operations, more money to spend, and higher valuations. So that begs the question, how high can the company's share price go realistically?
IV. Valuation
First, let's look at the Movie Theater industry as a whole in comparison to a few other popular entertainment industries:
Movie Theater US Market Size $17.1 billion Casinos US Market Size $15.7 billion
Amusement Parks US Market Size $14 billion
Music Label Music Production US Market Size $9.4 billion
Music Publishing US Market Size $7 billion
In the world of entertainment, cinema is a very lucrative business.
And, again, who is the largest movie theater chain in the world? Yup,
AMC.
Clueless CNBC dude mentioned that we retail traders
don't trade with a fundamental reason but is there a fundamental reason in shorting a $17 billion dollar industry GLOBAL leader down to its grave? Does AMC deserve to die? I surely don't think so.
Now I won't touch upon squeezes in this since I'm sure many of you folk have already read/heard enough about them, but I will leave this quick intuitive
article about it. And yes, these shorts can and will be squoze once we have faith in our upper valuations and investors(we) begin buying again.
And buy again we will. As many users flee limp-dick Robinhood and join one of the real brokerages, their positions/funds will be settled and ready to trade come next week. Where do you think these angry RH refugees will be putting their investments? That's right, exactly into the positions that RH stopped them from buying last week: which includes $AMC.
If you were part of the RH user base and your plays were affected by the blatant market manipulation, it's not only "not too late", but I believe it is an opportune time to
BUY.
How high can it go then? When will I know it's too late to take a position?
So when we talk about valuation, many people fear the uncertainty of a stock rising far past its current value. Well, I think Chamath Palihapitiya
said it best:
"Everybody that bought that stock is also underwriting how they want to own it." In our current price-action environment, it's not too ridiculous to see how we are forming the foundations for AMC to continue rising beyond ATHs. We are already hitting nearly $16 on the day and rallying +53% while enduring heavy trade restrictions. Who's to say that this passion cannot continue? Now I’m no expert and can’t tell you how high this can go, but I am personally eyeing $69.69 as a target.
With so many current factors at play including hype, short covers, and ITM options having to be exercised, this is actually the BEST entrance to manifest its ATH valuation and chart some never before seen territory in its price action.
It's like the manifest destiny of stock valuation. In fact, we may never see this opportunity for AMC again if we don't act now and solidify its value upward.
At the end of the day, prices are what the buyers/sellers settle upon so
WE can pioneer that value if we damn well please.
This is what a free market is all about. Will there be people that disagree with this? Sure. Will people continue to short AMC as it goes up?
Absolutely. Do I think that AMC being shorted 80% and rising is fair?
Really? See section III. But institutions are selling off! Like
Silver Lake liquidating their 44m shares.
Yes, then the next day $AMC dipped to $7.50 and has since recovered… with AMC $600m less in debt. We all know who is shorting AMC, and I am sick of these hedge funds who think they, alone, can decide whether or not a company is worth a damn.
V. Conclusion - Resurgence
We are at the cusp of AMCs resurgence. Because most of us have been kept from participating in social activities, we can better understand that the public is yearning for a sense of normalcy. Sure we've gone pretty far with just watching movies on our TVs or computers through the pandemic, but that doesn't scratch the itch for many folk.
What you're investing into when you invest in AMC is the entire experience in tandem with its new streaming deals. And having been beaten so low—while still holding such great fundamental prospects— its share price is ready to blow up.
In the future when “The Deep Squeeze” is turned into a movie, we’ll be a part of history.
And you’re going to want to see it on the big screen.
--
Position: $50k in calls and shares
🚀🚀🚀🚀🚀🚀$AMC TO $69.69🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀$AMC TO THE MOON🚀🚀🚀🚀🚀🚀 submitted by FiveDollarPutLong to wallstreetbets [link] [comments]
Crazy
A Battle for Control of WallStreetBets May Have Broken Out Brandon Kochkodin Thu, February 4, 2021, 1:50 PM·4 min read
GME -42.11%
4 / 4 A Battle for Control of WallStreetBets May Have Broken Out (Bloomberg) -- A fight appears to be brewing on Reddit’s WallStreetBets forum, and it’s not over which stock is the next GameStop Corp.
Just weeks after the site was used to galvanize an epic short squeeze in shares of the video-game retailer, forcing the real Wall Street to reckon with the power of a united front of traders, signs of dissent are cropping up around the 8.5 million-member stock message board.
To say the least, it’s an unconventional battlefield, one where online abstractions stand in for humans, identity is murky and confirmation often impossible. At the same time, the drama has become difficult for Wall Street to ignore. Maneuvering in the forum, by people whose only real-world manifestation is an internet screen name, has been capable of moving tens of billions of dollars of stock.
While online skirmishes are obviously not uncommon, any sign cohesion is breaking down among WallStreetBets’ loose cohort of coordinating presences might presage a weakening in its force in the market. And as recent weeks have shown, that would be news for day-traders and investors.
Read More: SEC Hunts for Fraud in Social-Media Posts Hyping GameStop
First, some definitions. WallStreetBets is a quasi-independent message board hosted by Reddit, the site of the crowd-sourced short-squeeze in GameStop that unwound this week. While anyone who registers can ostensibly post there, some members are more equal than others: users known as moderators are the site’s volunteer army of gatekeepers. They monitor, and sometimes delete, messages -- for instance if the post is spam or violates rules against harassment or penny stock promotion.
In the last 24 hours, active moderators, those who were enforcing the rules as GameStop mania swept the site, say they have had their privileges revoked.
Who anyone is on WSB -- that is, what living person is behind a post -- is often unknown, meaning descriptions of what goes on there are mostly just chronicles of the interaction of screen names on a website. While many moderators have been active long enough to establish a kind of personhood via their messages, it’s never completely clear who is who. The risk of misrepresentation and hacking is ever-present.
The source of the current tension, according to posts purporting to be by the now former moderators, is money -- specifically, the potential to cash in as media interest swirls around the forum. WallStreetBets’ founder, Jaime Rogozinski, who was kicked off the forum last year, sold the rights to his life story for a “low six figure” payment to Brett Ratner’s RatPac Entertainment earlier this week, according to the Wall Street Journal.
Rogozinski didn’t immediately respond to a request for comment.
According to a post by WSB moderator ZJZ, a group of long-time -- and long inactive -- moderators had taken back policing privileges over the forum in an effort to profit from the site.
“We’ve been taken hostage by the top mods,” ZJZ wrote. “They left for years and came back when they smelled money.”
ZJZ’s post was deleted from WallStreetBets, but reposted under the headline “Stop the Steal #FREEWSB” on a different Reddit message board, a subreddit known as wallstreetbetstest, where many long time members have been gathering.
Story continues
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submitted by XpLiCiT-sOOn-7 to u/XpLiCiT-sOOn-7 [link] [comments]
Crazy
A Battle for Control of WallStreetBets May Have Broken Out Brandon Kochkodin Thu, February 4, 2021, 1:50 PM·4 min read
GME -42.11%
4 / 4 A Battle for Control of WallStreetBets May Have Broken Out (Bloomberg) -- A fight appears to be brewing on Reddit’s WallStreetBets forum, and it’s not over which stock is the next GameStop Corp.
Just weeks after the site was used to galvanize an epic short squeeze in shares of the video-game retailer, forcing the real Wall Street to reckon with the power of a united front of traders, signs of dissent are cropping up around the 8.5 million-member stock message board.
To say the least, it’s an unconventional battlefield, one where online abstractions stand in for humans, identity is murky and confirmation often impossible. At the same time, the drama has become difficult for Wall Street to ignore. Maneuvering in the forum, by people whose only real-world manifestation is an internet screen name, has been capable of moving tens of billions of dollars of stock.
While online skirmishes are obviously not uncommon, any sign cohesion is breaking down among WallStreetBets’ loose cohort of coordinating presences might presage a weakening in its force in the market. And as recent weeks have shown, that would be news for day-traders and investors.
Read More: SEC Hunts for Fraud in Social-Media Posts Hyping GameStop
First, some definitions. WallStreetBets is a quasi-independent message board hosted by Reddit, the site of the crowd-sourced short-squeeze in GameStop that unwound this week. While anyone who registers can ostensibly post there, some members are more equal than others: users known as moderators are the site’s volunteer army of gatekeepers. They monitor, and sometimes delete, messages -- for instance if the post is spam or violates rules against harassment or penny stock promotion.
In the last 24 hours, active moderators, those who were enforcing the rules as GameStop mania swept the site, say they have had their privileges revoked.
Who anyone is on WSB -- that is, what living person is behind a post -- is often unknown, meaning descriptions of what goes on there are mostly just chronicles of the interaction of screen names on a website. While many moderators have been active long enough to establish a kind of personhood via their messages, it’s never completely clear who is who. The risk of misrepresentation and hacking is ever-present.
The source of the current tension, according to posts purporting to be by the now former moderators, is money -- specifically, the potential to cash in as media interest swirls around the forum. WallStreetBets’ founder, Jaime Rogozinski, who was kicked off the forum last year, sold the rights to his life story for a “low six figure” payment to Brett Ratner’s RatPac Entertainment earlier this week, according to the Wall Street Journal.
Rogozinski didn’t immediately respond to a request for comment.
According to a post by WSB moderator ZJZ, a group of long-time -- and long inactive -- moderators had taken back policing privileges over the forum in an effort to profit from the site.
“We’ve been taken hostage by the top mods,” ZJZ wrote. “They left for years and came back when they smelled money.”
ZJZ’s post was deleted from WallStreetBets, but reposted under the headline “Stop the Steal #FREEWSB” on a different Reddit message board, a subreddit known as wallstreetbetstest, where many long time members have been gathering.
Story continues
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Crazy
A Battle for Control of WallStreetBets May Have Broken Out Brandon Kochkodin Thu, February 4, 2021, 1:50 PM·4 min read
GME -42.11%
4 / 4 A Battle for Control of WallStreetBets May Have Broken Out (Bloomberg) -- A fight appears to be brewing on Reddit’s WallStreetBets forum, and it’s not over which stock is the next GameStop Corp.
Just weeks after the site was used to galvanize an epic short squeeze in shares of the video-game retailer, forcing the real Wall Street to reckon with the power of a united front of traders, signs of dissent are cropping up around the 8.5 million-member stock message board.
To say the least, it’s an unconventional battlefield, one where online abstractions stand in for humans, identity is murky and confirmation often impossible. At the same time, the drama has become difficult for Wall Street to ignore. Maneuvering in the forum, by people whose only real-world manifestation is an internet screen name, has been capable of moving tens of billions of dollars of stock.
While online skirmishes are obviously not uncommon, any sign cohesion is breaking down among WallStreetBets’ loose cohort of coordinating presences might presage a weakening in its force in the market. And as recent weeks have shown, that would be news for day-traders and investors.
Read More: SEC Hunts for Fraud in Social-Media Posts Hyping GameStop
First, some definitions. WallStreetBets is a quasi-independent message board hosted by Reddit, the site of the crowd-sourced short-squeeze in GameStop that unwound this week. While anyone who registers can ostensibly post there, some members are more equal than others: users known as moderators are the site’s volunteer army of gatekeepers. They monitor, and sometimes delete, messages -- for instance if the post is spam or violates rules against harassment or penny stock promotion.
In the last 24 hours, active moderators, those who were enforcing the rules as GameStop mania swept the site, say they have had their privileges revoked.
Who anyone is on WSB -- that is, what living person is behind a post -- is often unknown, meaning descriptions of what goes on there are mostly just chronicles of the interaction of screen names on a website. While many moderators have been active long enough to establish a kind of personhood via their messages, it’s never completely clear who is who. The risk of misrepresentation and hacking is ever-present.
The source of the current tension, according to posts purporting to be by the now former moderators, is money -- specifically, the potential to cash in as media interest swirls around the forum. WallStreetBets’ founder, Jaime Rogozinski, who was kicked off the forum last year, sold the rights to his life story for a “low six figure” payment to Brett Ratner’s RatPac Entertainment earlier this week, according to the Wall Street Journal.
Rogozinski didn’t immediately respond to a request for comment.
According to a post by WSB moderator ZJZ, a group of long-time -- and long inactive -- moderators had taken back policing privileges over the forum in an effort to profit from the site.
“We’ve been taken hostage by the top mods,” ZJZ wrote. “They left for years and came back when they smelled money.”
ZJZ’s post was deleted from WallStreetBets, but reposted under the headline “Stop the Steal #FREEWSB” on a different Reddit message board, a subreddit known as wallstreetbetstest, where many long time members have been gathering.
Story continues
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1h ago
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Background on that credit cooperative Toda tried that failed - because he made bad decisions and was too incompetent to hire qualified staff?
Sounds kinda like somebody who goes bankrupt in the casino business, right? But we're told over and over
and over that Toda was "a successful businessman". Let's take a look at one of the rare examples of his supposed business savvy, which is rare because, while SGI tells us that Toda had "ten businesses" or "
seventeen businesses", it only identifies TWO - the publishing company that went bankrupt and the failed credit cooperative.
Hmmm...
Anyhow, on to business! This is all from
The Human Revolution, Vol. 2, First Edition 1974. First, a bit of a lead-in about the failing publishing company because that's an integral part of the narrative:
When word got out about the condition the company was in, Toda's associates in the publishing field were certain to react in different ways. Some would sympathize, others would laugh, and perhaps some would make derogatory comments about Toda's abilities in business.
Perhaps 😐
But none of this would alter him.
Why
not? If you fail at something, shouldn't the thought at least
cross your mind that you need to do something
different to avoid that outcome
again? If you were
able to understand
why you failed, wouldn't that
knowledge help you perhaps make better decisions in the future? Ah, but that would require
change, something Ikeda
prides himself on never doing, so naturally,
his "mentor" would never, either.
Let the publishing firm stop operations, let it go bankrupt, Josei Toda was and would remain a man with a great mission.
See, when people can't
focus on their work, they don't tend to do as well. This is one of the dangerous aspects of religious zealotry.
But he would always rise to the top again. That was the kind of man he was, and Yamamoto was certain that some day the whole world would come to understand and respect this great personality. (p. 200)
Made to order in his ghostwritten fictitious novels! But the truth peeks out once in a while from under the sloppy covering of lies. Let's back up a few pages and see what led up to all this.
As one of the initial steps to implement the Dodge Line, all new loans from the Financial Bank for Reconstruction were halted. This dealt industry a crippling blow and caused a panic in financial circles that had immediate repercussions in the offices of Josei Toda's publishing firm.
Reopened after the war primarily to serve as a basis for the rebuilding of the Soka Gakkai
THERE's a big problem right there....
Toda's company, Nihon Shogakkan, had in that sense been a success, largely due to his efficient and able management. But it was already financially shaky when the Dodge Line, by stimulating a tight-money policy in local banks, seriously reduced Toda's operational funds.
Okay - let's pause here. It
appears that Toda's supposed "efficient and able management" was all about restarting the Soka Gakkai. What we learn here is that Toda's
company is "financially shaky" - it is only surviving thanks to infusions of
other people's money in the form of bank loans. His publishing business is
NOT profitable, though earlier we were told it
was! If the only way you can stay open is by taking out loans
on an ongoing basis, you're insolvent.
It is possible that he ought to have acted quickly to reduce business expenses by cutting back on the staff and effecting other emergency methods.
Yes, that would have been consistent with "efficient and able management" IF that "efficient and able management" had been referring to the management of his
publishing business.
But he could not because he was fundamentally positive and humane in business. He could not find it in his heart to fire people who had been loyal to him, the company, and Soka Gakkai through very trying times. Perhaps he was not cold-blooded enough to succeed in modern business.
Or perhaps he simply
WASN'T capable of "efficient and able management".
But
that would mean he
wasn't a successful businessman, and the whole rest of the narrative insists that he
WAS a successful businessman! None of this is making any narrative sense.
A resourceful man, never at a loss for fresh ideas, especially in times of trouble, Toda gave much thought to his predicament. At last he decided that when money is tight the way to profit is to open a credit association. A small moneylending business would provide the operational funds so badly needed by his publishing firm. As luck would have it, something promising in this line turned up quite soon.
Sense of foreboding...rising...rising...
One morning in June, 1949, Toda received an unexpected visit from Taro Kurikawa, an old acquaintance who had been kind enough to lend office space to Toda when he first reopened the publishing business after the war.
This source stated plainly that Toda
bought the whole building at the very beginning. With his
own money.
The two men discussed many things, including the Dodge Line and the menacing effect it was having on Toda's business. Kurikawa, who had once been a member of the Tokyo metropolitan assembly, had many friends.
Maybe HE should be the one starting a credit cooperative!😃
When Toda told him of his idea to start a small finance company, Kurikawa listened attentively. Then slapping his thigh, he suddenly said: "I've got it. You're right that in times like these lending money is the only way to survive, and I just got wind of some news that might interest you."
Isn't that a strange way of thinking? That when people don't have any money, the best way to MAKE money is to
lend THEM money? How are they going to pay it back if they don't have any money? Isn't that
predatory and UGLY?? Like
loan-sharking?? DEFINITELY non-Buddhist!
"It's not definite yet, but I hear that an old acquaintance of mine - Toru Oi - is trying to convert his consumers' guild into a credit cooperative. He used to be a high government offical; but he's gotten old, and it would be dangerous for him to assume management of a business."
WHY "dangerous"??
"So far, he is having difficulties changing his guild into a credit company because he can't find the right partner. That's where you come in with your great knack for business."
Ha ha ha.
There it is
again.
"What do you think? I'll help too, if you need me. If you're interested, I could call on him today and check the matter out."
Toda knew too much about business to become overly enthusiastic over all offers presented. After thinking a minute he said: "It's not a bad idea, but it wouldn't be so easy to make a success of something like that. To be frank, if someone else had come to me with the plan, I'd have turned it down."
Odd...if he
really "knew so much about business".
"Oi is absolutely all right, except for his age. There will be some legal problems, but since the investor will be the same person, they shouldn't amount to much. It's not as if you were starting a new company from scratch; you'll just be changing an old one."
This doesn't sound very good...
From what Kurikawa said, it appeared that the new firm could start operations immediately. Still Toda hesitated: "Are you sure this consumers' guild isn't in danger of going broke? I couldn't afford to take on anything unsound at this stage in the game."
Does anyone know what a "consumers' guild" even
is? "No. It's not making much, but I know for certain that it's not in the red, either," said Kurikawa.
Doth the lady protest too much?
"I'll talk to OI, see what he says, and call you again. Maybe you could arrange a meeting in a few days."
"All right," said Toda. "We can meet first. I'll decide whether to get involved in this after we've met."
A few days later, Toda met Mr. Oi, who explained to him the legal procedures for changing the present status to that of a credit cooperative. He then outlined the running of the company, listed the board of directors, and briefly related their duties. Toda was appalled at the inefficiency with which Oi managed things. But the very challenge of taking on such a company, which was not in fact in desperate financial straits
Methinks the lady
doth protest too much!
whetted his appetite for business.
So here we've got someone who knows
nothing about this type of business, who considers himself
qualified to judge whether it's solvent or not -
given that there were not audit provisions or reporting requirements for businesses like there are today. Why couldn't "Oi" have shown him falsified financial statements? Toda would have never known...
Toda accepted the offer of partnership that Oi made and set out immediately to take the necessary legal steps.
Notice that this credit cooperative is originally a
partnership but becomes solely Toda's as the narrative goes on. Even though it originally had its own board of directors,
who would have stayed in place if this had been a partnership bringing a new partner on board as described. What about
them? ...the new company, named the Toko Credit Cooperative, finally opened in the fall. The offices were on the first floor of Toda's Nihon Shogakkan
Remember, that building TODA
purchased.
and most of the staff, too, came from the publishing company. (pp. 190-193)
Why would anyone think that people who had worked for a
publishing company would know anything about how to run a
credit cooperative? The savvy businessperson, when embarking on a new venture, hires the most qualified people that can be found
in that type of business! NOT people from church, neighbors, relatives, and that guy he has drinks with at the bar most Thursday nights!
In contrast to the rising trends in Soka Gakkai affairs, the Nihon Shogakkan publishing company pursued a steady downhill course. The tight-money policy, overproduction in the publishing business, and finally, the rebirth of many of the popular magazines that had been discontinued during the war defeated small publishing houses. Toda's magazines, Ruby and Boys' Adventures, had done well at first, even when book sales were dropping.
That's because they were
PORN:
Take a look. This is
a page from Ruby.
But soon these two periodicals could no longer withstand competition from the big magazines. Ruby failed first, as large numbers of issues were returned unsold each month. Boys' Adventures managed somehow to stay in the black for a while. In August, 1949, Toda changed its name to The Boy of Japan in the hope of attracting buyers, but by autumn unsold copies had reached eighty percent of all issues printed.
Changing
the NAME and not
the CONTENT to fix a failing publication seems like a BAD business decision to me.
One chilly, cloudy fall morning, Toda assembled his employees in the main office and had Okumura, the accountant, give a full statement of the financial status of the firm. The figures that Okumura read in a dispirited voice left no room for doubt: the company was facing a severe crisis, with a deficit of millions of yen each month.
See? It was only loans from the bank that were keeping the company afloat.
Until that moment, many of these people had not opened their eyes to the true significance of the returned books, the unsold magazines, the unpaid bills, and the complaints about arrears from the printing and paper companies. For one thing, the glow of happiness they had experienced at the wonderfully successful fourth general meeting of Soka Gakkai still lingered.
This should illustrate the
danger of mixing religious zealotry with business. Religious zealotry makes people addled.
But more important, no one who worked for Toda could believe that he would not somehow pull them out of any preidcament. While realizing that the company was in trouble they nevertheless continued to trust that Toda would fix it all.
Oh, where, oh
where is
someone who can STAND UP??
"I have thrown this open to you becasue I trust you and need your suggestions," Toda said, addressing everyone present.
"Those figures must be wrong," came a voice from the back of the room.
"Figures don't lie," retorted Toda. "And Okumura arrived at these figures after long and very careful calculations. Human beings - especially people who lack strength - interpret things the way they want them to be.
"You're
weak, you worthless worms!"
Also,
preaching.
"When it is convenient, they can convince themselves that black is white. But cold, hard figures can't be treated that way: you can't make a credit out of a debit.
Actually,
that is very
easy to do! Debits are your
assets; credits are your
liabilities. You can use your "debits" as a down payment for something; then all you have left are the "credits" for what you are on the hook to pay back! Sheesh. Obviously, these ghostwriters weren't accountants or even Accounting Honors Students!
"Figures do nothing but illuminate the incontrovertible facts, and recognizing them frankly for what they are takes courage. The way a person acts on the basis of these frightening figures shows what kind of stuff he is made of. Facing the facts and using them is what is meant by true human strength."
Ugh. MORE preaching.
The employees believed for a moment that this remark was another one of Toda's introductions to a splendid solution. But from his solemn look and from what he said next they saw that the situation was grave.
That ol'
incompetent omniscient narrator again. SUCH terrible writing.
"I'm serious. If any of you have any ideas to offer, please speak up. These figures are not just correct, I suspect they are optimistic. They are still incomplete, for one thing. The number of returned magazines covers only the period ending three months ago. We can be fairly sure that when the rest of the figures are in the picture will be still darker. Since the situation is certain to get worse, we've got to put our minds to it now. Don't misunderstand me; I'm not blaming you. I only want your ideas and opinions."
THIS isn't "leadership". And it isn't the
clerks' job to figure out how to save the company. They weren't even
aware of the company's desperate situation.
Bewildered by the gloomy outlook of the company and by Toda's complete lack of his usual wit and humor, no one had anything to suggest.
"Well," said Toda, "it's not surprising that you have nothing to say on such short notice. I've been thinking about this for a long time, and I have only one idea. We must stop publishing. It may be that in the near future we can start again, but examining the pluses and minuses has convinced me that we must stop right now. If we do not, we will only be adding to our deficit, no matter how hard we work."
"Of course, I shall expect all of you to do your best in cleaning up the remaining affairs of the publishing company. We'll gradually start thinking about what future steps to take at the proper time. I hope you'll all take this bravely. Try not to be discouraged. Remember that I expect a lot from my disciples. Stopping publication is hard on us, but we won't be causing anyone else any trouble."
As they drifted aimlessly back to their desks, the employees of Nihon Shogakkan were in a state of semishock. The publishing company was going to close down. Toda's words of encouragement
THAT's what passed for "encouragement"??
had little effect. Many of the people thought most seriously about what they would do for a living if the company closed permanently. Still, all of them cared enough about Toda not to betray such feelings by so much as a look, let alone a word.
Because that's the Japanese way.
The news of the cessation of publishing activities came as a deep shock to Shin'ichi Yamamoto. Since joining Toda's firm in January, 1949, he had devoted himself to the magazine Boys' Adventures, which had gained some popularity. In May he had been appointed editor-in-chief of the magazine.
Recall that Ikeda had been employed at a
different publishing company before he came to work for Toda.
... A sense of accomplishment and happiness at his promotion inspired Yamamoto to devote all his time to the magazine, of which he was proud. His work brought him into closer contact with many small children.
WHAT??
He watched them fondly as they played pranks, laughed, cried over quarrels, or chewed their pencils as they puzzled over difficult problems in their textbooks. Often he felt an impulse to hold them in his arms. He felt that he would be willing to do anything for them.
What
IS this? This is so
weird! And remember, once Ikeda had children of his own, he turned into the world's foremost absentee father and deadbeat dad! Is
this supposed to gloss over THAT uncomfortable fact?
... Yamamoto's personality and and his ardor for his magazine won him friends among the artists and their families. From time to time, when writers or painters were out of sorts, the charm of Yamamoto's way triumphed over their bad humor and enabled them to finish on time tasks that otherwise might have been late. For the most thorny personal problems, Yamamoto called on the intercession of wives and other family members. He always made a good impression and won the affection and confidence of everyone with whom he came into contact. As he learned the many aspects of his work, day by day Yamamoto found it more interesting and worthwhile. Gradually, as he became proficient in his tasks, his self-confidence grew and fed his aspirations for the future.
Gaaah - my fingers just threw up all over the keyboard. Gimme a minute...
In the fall of 1949, he started working on ambitious plans for a special New Year issue of The Boy of Japan, as the magazine was by then called. Blah blah blah.
Because his hopes were high, the announcement of plans to halt publication came as an especially great blow to Yamamoto. It was almost as if an airplane that he had been piloting had suddenly lost power and started hurtling earthward. He saw with painful clarity that he could do nothing but resign
If
only! himself to the collapse of his beloved boys' magazine.
Yeesh, such overblown, puffy, florid prose. Yeah, we get it - reality sometimes bites. And having to
FACE reality can be painful, especially when one has
obviously been operating from a position of
delusion. But lay off the flowery phrasing a little...
Fortunately, a messenger boy from a printing company came in with the galley proofs of the December issue of the magazine. Remembering what Toda had said about not letting the halt of publications interfere with outstanding business, Yamamoto started thumbing through the pages of proof. As the smell of fresh printer's ink filled his nostrils, Yamamoto quickly became absorbed in his task, aware all the while that perhaps this was the last work he would ever do on the magazine to which he had devoted so much love and care. When he finished his proof, he looked at his watch and saw that he had read through the lunch hour. He was hungry.
Big boy's gotta
eat! Yamamoto started chewing on the proofs.
Deciding to go out for something to eat, he rose and moved toward the front door of the office.
What, they couldn't just write, "He got up and headed out" instead??
As Yamamoto passed the reception area, he caught a glimpse of Toda laughing happily over a game of Japanese chess that he was playing with a frequent visitor to the company.
"What a man!" thought Yamamoto.
There he sat playing a game as if nothing was wrong, when only this morning he had announced that the company was about to collapse. (pp. 194-199)
While the rest of Toda's employees suffered under the paralyzing effects of the bad news, Yamamoto set briskly about his afternoon errands. First, he had to call on an artist to pay for some work. Then he had to pick up the plate for an ink drawing for the December issue of The Boy of Japan.
The artist's house was cold, bleak, and disorderly; but the man had apparently been eagerly awaiting Yamamoto's visit. ...Almost before he was aware of it, Yamamoto was talking about Nichiren Shoshu and the philosophy of Nichiren Daishonin. He did not intend to try and convert the artist.
SUUUURE he didn't...
In fact, he was still not actually talking with that aim in mind. But the painter became very interested. Though he had no knowledge of Buddhism, what Yamamoto told him fired his imagination. Before they parted, the painter said he would like to discuss the matter more fully some other time. Yamamoto, after promising to contact him again soon, went out into the twilight. (pp. 201-202)
...and that's the last we ever hear of this artist/painter! I suspect this vignette was inserted for the sole purpose of making it appear that Ikeda had ever
attempted shakubuku, even inadvertently. Because Ikeda has never shakubukued
ANYONE! Not ONE of those "world leaders" Ikeda has
paid for a photo-op with held DIALOGUES with ever converted...
SENSEIFAIL!! The day the last issue of The Boy of Japan - the December issue - came off the press, the weather was clear and bright outside the Kanda offices of Nihon Shogakkan. Inside, a gloomy silence reigned. As Shin'ichi Yamamoto sat caressingly reading the final product of his work
eeeewwwwwwww others in the office were whispering among themselves about where they would go to work and what they would do when the company finally collapsed, which it was certain to do within a matter of days.
As a matter of fact, on the very next day, Toda called his staff together to announce the closing of the publishing company and, on a more hopeful note, to explain the nature and policies of the new credit cooperative. All members of the publishing staff who wished to remain were automatically put on the payroll of the credit company as soon as Shogakkan was officially declared closed. Toda had sensed the dissatisfaction and insecurity of his staff members and he held this meeting of explanation in an attempt to calm fears.
Ugh. SUCH awkward writing.
While relating stories of his many years of management experience and the successes and failures he had lived through, he illustrated his points by referring to the basic principles of both communism and capitalism. He explained what a credit cooperative is
We were
just told that same information only a few sentences ago...
and went on to relate why he had decided to undertake this kind of enterprise, showing wherein he saw hope for its future development and growth.
Blah blah blah. Lecture, preach, lecture. Ugh.
Yamamoto realized that much of what Toda said was not being sympathetically received by members of the organization who were already planning to quit at the earliest chance.
Why not
yesterday? Or
right NOW if they truly had such intent?
Nonetheless, he was deeply moved by the speech, especially when Toda concluded with: "All business enterprises are subject to rises and falls. Economics, like all other things, has its own rules, which cannot be ignored. Once those rules are understood, it is effort, enthusiasm, and patience that determine the success or failure of a company.
Wow - pretty
OBLIVIOUS to be lecturing/preaching at his staff like this when his
OWN company has just failed. No self-awareness at ALL, that Toda!
Meanwhile, Ikeda: "What a man!"
"Hard work is the same in all companies, big and small. As far as my experience teaches, as long as people are not afraid of hard work, even though things may sometimes seem desperate, a way will always be found."
Before adjourning the meeting, Toda instructed Okumura to divide all cash on hand equally and to distribute it among his employees as part of their salaries. None of them ever knew how valuable that money could have been to the firm itself. (p. 203-204)
Another for our #ThatHappened files. The biz is supposedly insolvent, can't pay its bills, is
months behind in its bills, yet they have money to pay "an artist"
and to hand out as a lovely parting gift for the staff who are just transferring directly over to the new credit cooperative. WHY would he give them
the business' money when he'd
already given them new jobs to slide right on over into?? Without even a
day's loss of pay?? THAT's not competent management.
This is the end of 1949.
What they're also not coming right out and stating plainly is that Toda started up a lending operation, and that he lent money to desperate people as incentive to join his Soka Gakkai.
From around the spring of 1950, the performance of Toda's credit association fell into decline and its business operations were suspended. In August, Toda announced he was stepping down from his position as general director of the Soka Gakkai in order to prevent his business problems from negatively impacting the organization. Source
BOY,
THAT ship went down fast! Didn't even make it out of the harbor!
Notice that Ikeda started working for Toda in early 1949. There are reports that Ikeda was involved in collections. Notice that, once Ikeda got involved, Toda became more successful, though it's typically couched in terms of how many more families they convinced to convert. One can only wonder how much of this was because these families were on the hook to Toda because they owed him money. This type of private lending was probably completely unregulated as well - along the lines of the "payday loans" businesses that charge astronomical interest rates and get people caught up in a cycle where they can never pay back their debts and must be constantly borrowing more and more and more. There's a whole "honor code" in Japanese culture that we gaijin have no way of understanding - Japanese people will often go to great lengths and do all sorts of unimaginable stuff just to avoid "losing face" and because they owe someone else. Source
Is it possible that Toda got into one of the prison gangs for a lot of money while he was incarcerated and had to quick pay off some deadly debts? I've seen "Drive" and "Shot Caller" - I know how that works. Pretty quick to drive the credit cooperative straight into the ground,
given that he was just a
partner AND there was supposed to be a board of directors watching over the operations! Whatever happened to the board and Oi?? See how it's suddenly ALL Toda's?
submitted by BlancheFromage to sgiwhistleblowers [link] [comments]
Your Pre-Market Brief for 08/19/2020
Pre Market Brief for Wednesday August 19th 2020
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Tuesday 08/18/2020 News and Markets Recap: Wednesday August 19th 2020 Economic Calendar (All times are Eastern)
News Heading into Wednesday August 19th 2020 NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD. - GNCA Genocea -1.8% as holders file to offer 21.39M shares
- VRNA Verona Pharma Initiates Multiple Dose Part of Phase 2 Clinical Trial with pMDI Formulation of Ensifentrine in COPD (Overnight News).
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Evolution of Casino
| Casino games have evolved from time to time and faced many legal objections in various countries. The actual casino history began in Europe with the first legal gambling establishment opened in Venice in 1638. The first casino was named Il Ridotto. In the early period of casinos, only privileged people were allowed to enter the gambling establishment. Il Ridotto was profitable to the state because it paid high taxes on its activities. Simultaneously, the church developed a negative outlook towards this variety of entertainment and forced the state to make gambling illegal. Due to these laws and other related reasons, the first official casino in the world, Il Ridotto, was shut down. In 1765, Casinos began to spread rapidly outside Italy and reached its neighbor France. The first casino establishment opened in this country was, of course, in its capital – Paris. At the beginning of the 18th century, casinos were opened for the elite class in other European countries. The opportunity to earn suitable money attracted more players. This way, the fame of the casino expanded like wildfire. At the end of the 19th century and the beginning of the 20th century, Monaco became famous for casinos. However, after some time passed, gambling businesses tremendously shifted to the capital of gambling – Las Vegas in the USA. Eventually, these centralized establishments robbed most casinos enthusiastic by clearing their pockets. Cybercrimes such as fraud, data thefts, hacking, and password leaks are continuously growing on current centralized platforms, thus leaving players in the depths of bankruptcy. Casino games have evolved with advanced technology in the 21 century. Decentralized applications/ dApps are emerging as the revolutionary technology that is changing how people interact and do business with each other. With the wide use of Smart Contracts, blockchain technology is touching almost every industry and Online Crypto Gaming Platform The fusion of advanced blockchain technology with online casino gaming is transforming the casino industry. Supraorbs an autonomous platform specially designed for gamers or people who love casino games like Slot Machines, Roulette, and Blackjack. Supraorbs is a game-changing decentralized application that offers players to enjoy casino games and win enormous profits in exponential ways. The growing worldwide adoption of smartphones and friendly access to casino gaming platforms is currently driving the market. The players control their data and maintain the records' privacy without risking their essential details. Supraorbs uses ORBT tokens that can be exchanged with any cryptocurrency exchange. Thus, Supraorbs is the necessity of the modern digitized world, where the cryptocurrency users can harvest the benefit of Artificial intelligence and blockchain technology by depositing their DHFT, BTC, ETH & USDT into ORBT cryptocurrency, which runs this online casino game application. Furthermore, earn monthly and yearly profits that you can't even imagine by obtaining gems and relics. Great gamification of casino games, integrated with the Ethereum Decentralized finance model, shifted the power from centralization to decentralization. Supraorbs is embedded with exciting casino games providing the same adrenaline and backed by the most trusted technology ever witnessed to humankind. This decentralized platform is programmed to benefit you for just purchasing ORBT cryptocurrency and keeps you an Ultimate Champion. submitted by supraorbs to u/supraorbs [link] [comments] |
My writing portfolio
Rachel Schneider
ENG 477
Date 1/11/2021
Marsha Blackburn
A Writing Portfolio
I want to write my own fiction stories one day; I have had a book or two swimming around in my head so I will put the computer to good use and get that typed out one of these days. In this instance I chose my 5 stories and even though one is a marketing inquiry I had fun writing it, so here are my things and some background some of them.
Resume: It is a basic one because my photo ones were not particularly good, and this is an honest resume besides the ones I made for class and I did fudge on those.
Cover letter: I made up the cover letter though there is a penguin Books but it is always fun to use your imagination!
Hike with Drew: I got the concept from a Writer’s Digest and entered it into a contes I never got a response but good practice.
Short Story Vegas: Was one I did for another class but in here I changed it and the story was much better the second time.
Marketing Flyer: This was fun to do those are stock photos of the dogs and squeaky toys, but I like Pit Bulls and dog toys are fun as well.
Scott part 1-This is a story I am working on with another writer, warning its very sexy and some naughty words are in there as well.
Writing Samples: I made these three samples up one day because as I have looked for writing work, I have seen people want a sample of your work, so I came up with these.
Rachel Schneider
3867 Houghton Ave Riverside CA 92501 📷
951-743-8911 📷
[email protected] 📷
Rachel Schneider 📷
Rachel7Tori-Twitter 📷
📷
Objective To get a career going in the fiction/short story writing industry my imagination can run with any scenario and to write is to live.
📷
Education Bachelor of Arts in English | Grand Canyon University 2017 – 2021
Took 15 different writing courses, creative writing and even two fun marketing classes all to polish up my craft. Carried a 3.0 GPA and did the courses all online as well.
No Degree Obtained | Riverside Community College June 1994 – December 1996
Took these college courses but did not finish got 32 Units of Child Development Courses though which is what I was going for
📷
Experience Cafeteria Worker 1 2008 Currently Employed. Cook, Prep, serve food in a middle school setting, also clean, count inventory and do next day prep, cash handling and POS register experience.
Bell Ringer | Salvation Army November 2007 – December 2007
Rang bell and collected donations for the salvation Army in front of various stores during the holiday season.
📷
Skills Food handlers Card
CPR First Aid certified
Grammar Proficiency
Spelling Proficiency
Can work from home
📷
Activities Have good use of social media and can help update or bring in new followers with my creative writing side. Have a Reddit account as well with 30 stories up on that site. Can speak a little Spanish and Hebrew as well.
951-743-8911
[email protected] 3867 Houghton Ave Riverside CA 92501
Rachel Schneider
Writer
Penguin Books
Dear JENNIFER MCGREGOR,
1/21/2021
Jennifer McGregor
Fiction Publisher
4587 Tropicana Rd.
Las Vegas NV 89102
I have included my resume for the short story writer for young adult novels. It has been a few years, but I currently work in a middle school, so I do see all the angst and sass that goes with being a young teen. I do hope my writing samples can help me move to the top of the list. I look forward to working with Penguin Books and letting kids know being a teen is hard at first, but it does not last forever.
Sincerely,
Rachel Schneider
Rachel Schneider
3867 Houghton Ave
Riverside CA 92501
It had been a long cold winter Drew and I could not get out for a morning hike till today. Being 75 degrees, we did not have to wear many layers. He is an extremely sweet inquisitive boy who always asks a lot of questions. Why does moss grow on the north side of trees” he asks? Its times like this when it would be nice to have my husband here, but he is overseas where the work is. “well, it’s not just the north side it’s on the shadier side because that is where the moisture is.”
On we went looking at snails on the ground watching the deer pass by along a ridge. Being quiet as to not startle them. “Mom he whispered it’s a bunny den they are coming out for food, he leaves a few carrot and lettuce scraps from last night’s dinner. I walked down the path and spotted some glorious Blue Jays and a Downey Woodpecker. “Listen Drew the woodpecker is getting the bugs out of the trees.” My sweet Drew was staring at the Bunnies, they are cute and fluffy after all. We followed our path down further after the bunnies went back to the den.
The skies were getting cloudy, so I hoped the rain was not going to come back. Though the weather report said there was a chance. My little explorer with his school uniform on was undeterred, I wish I could wear shorts on a 75 day and not be cold, it is always nice to be young. Walking along our path we spot some squirrels running in circles around the tree. “Why do the chase each other like that” Drew asks. “Maybe it’s a game for them like ring around the Rosie.”
On we trek to our favorite stream where the deer family are taking their drinks. I tell Drew we cannot skip stones right now we do not want to scare them. We look through the grass for more of his favorite bugs, saw some worms just below the dirt by a tree. Looking up we see a big spider web being made between two branches. The crows were making their calls in the distance. We are finally able to skip our stones in the stream. He gets some great skips going, and we collect some new rocks for our little garden back home.
Walking past the stream we climb up the embankment and up along the ridge where we see a Fox off in the distance. He or she walks the opposite direction we are going so it is a relief we can continue to the clearing. Where there are more bugs, rocks, and Bunnies. We pass the Deer family as they run up the hill to were, they mostly frolic or maybe they live up there. We stop for a snack of Apples, Almonds, and some cheese sticks. When we were finished Drew put a couple of slices in his pocket to feed the Bunnies, I am sure.
“Mommy we’re getting to the clearing now we can see the Bunnies and the last time Daddy, and I were here I got some neat rocks too.” Drew told ne enthusiastically, I did love his passion for nature, though again my husband is much better at the nature stuff. I am a pastry Chef ask me about desserts and I am your woman, about why moss grows on trees and hello Google. Since Dad is unavailable, I step in and let him explore and see the world outside of the house and off the screen.
It is just another half mile and it is on to the clearing. He starts to pull me hand a little harder I know he is excited. We pass under the tree I glance up and see the Fox again. Then we stop and see “Daddy home……
Name: Rachel Schneider
Course: ENG 361
Date: 4/14/2020
Instructor: Debbie Graves
One Week In Las Vegas
The countdown started Friday at 2pm I got the week off from this thing I call a job (just over broke). The car was packed, it was time to hit the road. The traffic was average and climbing the Cajon Pass was not that bad. I stopped in Baker to have my favorite meal at Bob’s Big Boy, the chili spaghetti, no onions. After making my way back on the highway the traffic picked up going out of Baker, through to Primm and Stateline. I had to stop for gas at Whiskey Pete’s, so I also went in and got some snack goodies. My favorite trail mix and some cheese potato chips because vending machines are too expensive. The road was beckoning so off I went, traveling through Jean is always nice, not much to see. A prison, a few remaining casinos, some outbuildings, and a truck stop. There slogan was always fun 40 smiles closer than Vegas. You can get bored so be sure to pack some music you can have your own car concert. “I’ll face it with a grin I’m never giving in, on with the show” (Show Must Go on by Queen)
Finally, the Vegas skyline is in sight, the lights are not on yet, but they will be needing to navigate around the strip. I do say a few words the terrible drivers. This vacation was so needed my job is crazy, my kids are older now and do not need mom around anymore. Off they went to grandma’s house and I booked the week at the Delano, it is attached to the Mandalay bay so perfect access to all the fun of the strip, and just enough luxury to not look cheap. Getting the valet to take the car I check into my genuinely nice room I have a great view of the Luxor light (that comes off the top of the hotel) and the Excalibur. Now off to indulge in that genuinely nice bathtub and get some overdue reading done. My bathroom with a view has the Luxor light and that is the brightest light on the Vegas strip it comes right out of the top of the Pyramid shaped hotel. A brightness of 42.3 billion candela, you could read a paper from 10 miles straight up if you wanted to.
Once I was well soaked and finished with my chapters it was time to find something to eat besides my snack foods. After cruising the room service options, I settled on some Mexican food of chorizo and eggs with nice corn tortillas. That hit the spot so with the extra energy it was time to get out for a stroll of the property. The indoor pool is nice but small and I want to soak up the sunshine and get some exercise so I shall hit the outdoor pool tomorrow. Back in the lobby I grab those ads for things to do in the city so I can plan out the rest of my trip. There are thousands of things to do in Vegas. Do not be disappointed if you do not get everything done, that is what the next trip is for. I have a beautiful week and I want to have a good time and not have to wait for anybody, I can do what I want. I got those and cruised up through the lobby and toward the casino on my way there I saw a sign for a food and wine festival. With that guy Zac from the travel channel. Thinking hmm I did not know he was interested in food or wine. I went down and found my favorite penny slot game Lucky cat. After 15 minutes I came out putting 20 in and winning 500, so I called it a night and went to the bar to catch a hockey game and grab a fun fruity drink (I like tequila sunrise, (Tequila, grenadine, and cranberry juice). As I am rooting for the Golden Knights (local Vegas hockey team) I looked over to my left and there was Zac from the travel channel, and he likes hockey too this is awesome, and I am trying not to be a fan girl.
The game was in intermission and the Knights were winning so it was time for a new fruity drink so this time I turned around to get back to the bar and bumped right into Zac, boy was my face red. After some apologies and an offer to buy my next fruity drink (a Strawberry Daiquiri) it was a yes and I spilled that I was a fan. He told me he does have an interest in food and wine not just chasing ghosts with his crew. We had some great conversation and when the game came back on, we both sat in the booth cheering the golden knights to their victory. Now I am buzzed and standing up was going to be fun, but Zac was a true gentleman and helped me to my feet. He offered to buy me dinner. The Taco Hut was a good place the tortillas were fresh, and the company was so cool. The conversation turned to food, wine, travel, and some stuff about me. The midnight hour rolled around, and Zac had an early morning, so we said goodnight, but he was staying one floor above me, so we agreed to go to the diner in the lobby for breakfast or brunch. At 10am I was enjoying my company and this great stick to your ribs breakfast (scrambled eggs, sausage, hash browns and some great watermelon) The food offerings in Vegas are so varied you can get everything from a hot dog and beer for 1.99 at the Orleans, to a 5-star meal at Caesar’s Palace the buffets are great too. Although sometimes you want a nice sit-down dinner.
The conversation was effortless the attraction was deep. We made plans to see each other again after the food contest he was judging was over. Saying goodbye was a bit hard but the hand holding was sweet and made me feel like a schoolgirl again. After saying goodbye and I did watch him walk into the convention hall I went back to my room to plan out the rest of my day. I chose a tour of the Mob Museum, they say that Vegas was built with Mob money, but it was a Mormon founded town that later Hollywood discovered. Then many people in Hollywood who were well connected (such as East Coast mobsters) financed Bugsy Segal to build the Flamingo Hotel. As I was putting my shoes on, I got a knock on the room door and as I opened it, I got some flowers (pink roses) and an all-access pass to the food and wine festival courtesy of Zac. Let us just say the Mob Museum can wait for later I got to go to a food and wine festival and spend the rest of the week with Zac. “hi Zac thanks for the flowers it was sweet of you to remember.” He said, “It’s always right to remember a ladies flower preference because that’s the right thing to do.” Smiling the rest of the day I meet other travel channel celebrities and got to taste some great foods and many different wines. The food and wine offerings at the hotels and restaurants are varied, the Las Vegas area have become very international, so the varieties are endless.
The week went by in a blur of food, wine, conversation, and some sweet dates. I never thought I would get over the break-up that happened the week before. Getting a private Vegas tour was something completely special. I did get to see the Mob Museum, Mandalay Bay Fine Art Museum, seven magic mountains, Pinball Hall of fame and a private dinner at the food and wine festival. My days in Vegas were down to one. We had reservations at Rivera right here at the Delano the view is amazing, the food is impressive with Italian and French offers. “I have had a wonderful time this week Zac thank you for mending my broken heart.” He looked at me for a minute and said, “it’s been a pleasure to get to know you and I would not mind visiting your hometown, you always have a reason to come back to Las Vegas. The next food and wine festival is around Christmas, this one will include chocolate.” Hitting the 15 early the next morning I have visions of Christmas, a pass to the food and wine festival, also a brand-new relationship to take back home with me.
The End
When writing a short story, you want to keep it from rambling and have enough details to keep it fresh. When your reader gets into the story you want them to feel like they are there with you, going to the food and wine festival, on that hike through the seven-mountains or touring the mob museum. The details are the thing to see and make sure to watch out for punctuation and common language. An average short story is within 6,00 words or 24 pages. If you wanted too you could go short-short story and that is between 500 and 2,00 words. That comes out to be 6 pages (Minot, Steven Ch. 7 pg. 41), talk about short stories. The story is all your length and style matter as much as how you want it to come into focus.
Minot, Steven and Theil Daniel Three genres the writing of literary pose, poems and plays Ninth edition Pearson Publications 2012
Bouncing Dog Toy Emporium
August 18,2019📷📷
24755 Holly Grove Way
Brookings OR, 97415
Dear Dogs, Rule the World
I am Rachel Schneider from the Bouncing Dog Toy Emporium we make extra bouncy dog toys for our furry friends. We investigated different marketing companies and choose you to do our direct to customer marketing. The way the website is set up the customers can get the product’s directly from you is easier than a multi-level marketing plan. The distribution of Bouncy Dog Toy will be a one level channel, we will provide the toys you market, and we sell them. I would like to get some videos of our company dogs Mac and Stella playing with the toys so you can post on the website. A link for the company can also be included so the consumers know where the toys came from, what they are made of and any other facts about Bouncing Dog Toy Emporium.
Sincerely, Rachel V Schneider
Mac and Stella company dogs and testers 📷
📷 📷📷 📷A sample of our products, our bounciest toys.
Scott’s Story Part 1
I am Scott Thorn, and I am going back to WDU for the first time in 15 years, I went here for a year but after I came out as gay there really were no gay dudes. I am all men but yeah lesbians were all around some BI guys but no real gay dudes. I went back to the mainland and attended Preston University I majored in administration and minored in Literature. I did at one point in my life have a girlfriend and wanted to marry her, but I could not quash the gay lifestyle. That part of my life is over and now the old school offered me a counseling job, have not done this in a while. I get to help students toward there after college career.
I sit here on this boat and keeping an eye on my 75 Triumph I have some nerves, but it is mostly about seeing this place again, so as the boat pulls up, I get my bike going and make a stop at my new on campus apartment. Its west facing because I like sunsets more than sunrise, so I did not know it needed so much work. I have some handy skills but a little at a time. The kitchen is decent and so is the bathroom. The floors will need some polish and the deck needs to be stained, this is a duplex, so I hope the neighbors are quiet. It is furnished and done nicely so I cannot complain too much, but back on the bike to see the Dean.
I get my bike set with the kill switch and walk up the way to the Admin building, I am pretty much the only one dressed. I am wearing my good black jeans and my dress shirt, in my favorite color Maroon. I do remember this place was obsessed with sex so I will stick out wearing clothes, as I enter the building at least more admin people are dressed. Miss Grant the secretary shows me to my new office, its spacious much bigger that my last one at Preston where I shared a cubicle with another person. I have files from past students and current ones, so I started filing them when Dean Kane walks in, booty shorts and a tank top. “Welcome back to WDU Scott, we look forward to seeing you succeed you come very recommended.” I could hardly concentrate because this Dean was hung but I persevered and said, “Thank you sir I look forward to helping young students find there after WDU careers.”
After he left, I had to get my rise to settle then I continued filing and looking through some files. Clarissa Love that was a name that got around even all the way to Preston. I think she does the Jax in the bedroom or something like that. I started looking around and thought I need some life in this office so I asked Miss Grant about decorating and she said I could do what I wanted but no painting, so I went to town and checked out a flea market. I found some pictures of the beaches of Canada, some old homes in the area and a few movie posters from Rocky horror Picture Show (it is my favorite). The flea market said they will deliver to the school tomorrow so I told them I will be there at 9am.
Now with my day done I get to the store to buy some groceries and realize this place uses sextons and I was down to my last few, so now I will need to exchange but thankfully a bank is nearby so I can get some of my mainland money exchanged. I pull up to my new pad off load my few groceries and notice some other tenant left beer in the fridge, talk about luck. I got the beer went to the deck and watched the sunset over the sky. It was going to be new here, but I needed a fresh start after getting dumped and losing the job because my ex was in upper management, never will I do that again. I will find someone who does not work in the school system. After I ate a roast beef and cheddar sandwich for dinner, watched some cooking shows it was time for bed. As I was brushing my teeth, I heard the neighbors having sex. Oh, goody they are not quiet. hope they do not have super energy either. Tomorrow is my first full day and I have decorating to do, fantastic they stopped, that is the thing with us older people we do not fuck like bunnies anymore. As far as I know the neighbors are lesbians so who knows.
Sample 1- If I try my hardest, I could muster up enough courage to ask the prettiest girl in school to prom. I had a suit; bolo tie and I will shine my old boots up. The thing is my courage is not as strong as my best friend Nick, now there is one brave dude who just asked the girl I wanted to go to prom with and of course she said yes. I gather myself close my locker and put on my best smile for them both. Nick and I high five and I hug her, trying to be genuine but it is hard. I head to my Social studies class and sit down next to Megan she looks at me with some concern I tell her what happened, she then asks me to Prom…...
Sample 2-Wishing I did not have to be here I sit at the back of the funeral and think about my old high school principal. I grew up in a small town and everyone knew everyone, we only had one school and you went there for kindergarten through senior year. After my graduation I packed up my old car and headed out to what I thought was the real world. Living in a bigger city only helped spur my loneliness so who says you cannot come home again, well Mom for starters because I abandoned my family, I am not welcome at home ever again (so tired of her drama), so I am staying at Principal Mason’s house yes, the same principal that I am at a funeral for I held her hand as she lay there succumbing to cancer……
Sample 3-If you really want to get over a breakup getting back on the horse will help things along. I thought that too seven lousy dates ago so here I am on date number 8 and I am not seeing any birds singing or rainbows in the sky. He steps away to take a call he is a particularly important lawyer after all (I need to fix my picker) after he comes back, he says it go time the jury has come back so off he goes. I finish my drink and head back to my brownstone close by, I pass the new chocolate shop that just opened, and I get inside and see chocolate heaven. Looking around I do not see him at first but there he is my old college lab partner Sam I just saw a rainbow…….
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