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Business, Economics, and Taxes: Eat Cereal for Dinner

I’ve decided I’m not buying a townhome or home for quite some time (can’t even sell my house right now anyway) but boy am I glad I’m not living in parts of Woodbury right now

the extent of the PFAS in the water is more massive than believed due to 3M.

may every 3M exec get to inhale Pfas all day at home.
 
Deutsche Gopher Fan said:
I’ve decided I’m not buying a townhome or home for quite some time (can’t even sell my house right now anyway) but boy am I glad I’m not living in parts of Woodbury right now

the extent of the PFAS in the water is more massive than believed due to 3M.

may every 3M exec get to inhale Pfas all day at home.
Click to expand...
This would be news to me...
 
Deutsche Gopher Fan said:
The expanded maps have been all over local news this week?
Click to expand...

I think that's because the EPA put out new guidelines that lowered the allowable level of contamination in the water. The actual amount of PFAS and the concentration gradient hasn't changed. The only thing that would change that is if the plume changes, but that's not a change in how bad the damage is.

As far as I've heard. it's certainly possible I missed something. But I would have expected to hear about it.
 
dxmnkd316 said:
I think that's because the EPA put out new guidelines that lowered the allowable level of contamination in the water. The actual amount of PFAS and the concentration gradient hasn't changed. The only thing that would change that is if the plume changes, but that's not a change in how bad the damage is.

As far as I've heard. it's certainly possible I missed something. But I would have expected to hear about it.
Click to expand...

Ok, then it’s still worse than originally believed. That matters to me and I’m guessing the people who live in that area. I don’t really care if 3M hasn’t done an additional dump of poison into the area- if we’ve learned what’s worse for our health, it’s worse.

in speaking of behemoth twins cities companies, the fortune 5 across town - who is more evil than 3M could dream of being- laid off thousands again. And again it’s not in the news
 
Well, I just lost a bet for a bottle of scotch. Tesla’s P/E all the way down to 33, just like all the other normal, healthy, well-run companies.

Who could have guessed?
 
It's gonna be something when Tesla experiences their Phoenix moment at some point down the road.

It almost makes me wonder if it's worth buying in a small amount here as things crater out. I admit that I'm not a business person and didn't stay at a Holiday Inn Express last night, but doesn't all this pivot in a positive direction once the Clown Price steps away? (And yes, I realize there is probably a solid chance that never happens, but I have to figure that there is some hostility among the people towards the top that Elon is just sh*tting all over their life's work/top achievements).
 
Right now, Elmo is likely busy working with his lawyers to figure out how he can re-define the job duties of all of his senior engineers to include "policy-making", or whatever fits the exemption for senior execs in the new NCA rule.
 
RaceBoarder said:
It's gonna be something when Tesla experiences their Phoenix moment at some point down the road.

It almost makes me wonder if it's worth buying in a small amount here as things crater out. I admit that I'm not a business person and didn't stay at a Holiday Inn Express last night, but doesn't all this pivot in a positive direction once the Clown Price steps away? (And yes, I realize there is probably a solid chance that never happens, but I have to figure that there is some hostility among the people towards the top that Elon is just sh*tting all over their life's work/top achievements).
Click to expand...

Stay as far away from Tesla (short or long) as you can. It's a stock that doesn't behave like one because it's a stock in name only. You are significantly better off putting that money in FXAIX or VTSAX and getting a 90% chance at 7% annual return every year than a 50:50 shot at half or doubling assuming you time it right.
 
dxmnkd316 said:
You are significantly better off putting that money in FXAIX or VTSAX and getting a 90% chance at 7% annual return every year than a 50:50 shot at half or doubling assuming you time it right.
Click to expand...

LOL. I own both of those ;-)

Edit: In different accounts from different broker folks.
 
If Tesla bottoms out I could see picking some up cause there is little risk then...but honestly that could take a while and then you pray Elmo is forced to sell. (He won't be)

You would have been better off buying Trump stock...that pump and dump could have made you bank if you timed it right.
 
Handyman said:
If Tesla bottoms out I could see picking some up cause there is little risk then...but honestly that could take a while and then you pray Elmo is forced to sell. (He won't be)

You would have been better off buying Trump stock...that pump and dump could have made you bank if you timed it right.
Click to expand...

The problem is with defining "bottom" for that company. When the market cap reaches tangible assets? A P/E in line with the big three? Some mystery valuation based on AI potential? Chapter 11? Chapter 13?

You can't know where bottom is.
 
dxmnkd316 said:
The problem is with defining "bottom" for that company. When the market cap reaches tangible assets? A P/E in line with the big three? Some mystery valuation based on AI potential? Chapter 11? Chapter 13?

You can't know where bottom is.
Click to expand...

Yeah...maybe wait until sale rumors petcolate. But that could be years.
 
dxmnkd316 said:
The problem is with defining "bottom" for that company. When the market cap reaches tangible assets? A P/E in line with the big three? Some mystery valuation based on AI potential? Chapter 11? Chapter 13?

You can't know where bottom is.
Click to expand...

Same as Twitter. Bottom is when Musk sells it.
 
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