What is the cabin credit a shareholder gets, and does it matter how many shares you have?
You're certainly feeling good about that buy! I got in at $92.02 and feel good about that.
www.barrons.com
So, to your later point, I own a fair amount of GLD (it's way up) and PSLV (chugging along). The gap between gold and silver has grown to semi-historic levels. Stansberry says silver will close that gap, and encourages buying silver and silver miners. However, there is another line of thinking that suggests the gap will remain and even grow, and that's the from a USE standpoint. Silver is used mostly in industries that will not fare well or nearly as well as gold, in a bear market or recession. Seeking Alpha just ran a story on this yesterday. 69% of silver is used in industry. 37% of gold is used in industry. The say that makes silver much more sensitive to the economy. If the economy remains weak into the future, they expect the ratio to increase and gold to outperform silver.
For those of you who own or are currently buying Disney, would the parks not re-opening until 2021 change your views of the stock?
Disney Parks Might Not Reopen Until 2021. Its Stock Is Falling.
UBS analyst John Hodulik downgraded Disney stock to Neutral from Buy and lowered his price target on the shares to $114 from $162. Credit Suisse analyst Doug Mitchelson also downgraded the stock to Neutral from Outperform on Monday.
They are laying off 100K employees, with no or very limited live sports for the next several months (some say we won't see stadium sports until at least 2021), their ESPN is hurting badly and will continue to do so, and with movie theaters closed, their film production business is hurting badly. The only bright spot might be Disney+, but being in start-up mode, that is currently losing money.
I'll ask the question: is Disney "too big" to fail? This seems like the perfect storm that could take down Disney -- not a likely probability, but it is certainly a non-zero probability right now, IMO. Before this is all over, we may see some big companies go down that no one thought could fail. It happened in 2008; it can happen now.
Kurt
Looking at the PPP program as representative... The great majority of "small" businesses that got loans were able to do so through small community banks. The big banks, Wells Fargo, Chase and similar, failed. Badly. They were not ready for days. (I'm a Wells customer, one of my businesses uses Chase.) They didn't even START taking information until the day before the money ran out. However, now it appears that they were "prioritizing" the requests for PPP loans and putting small customers at the back of the bus and servicing the customers that generated bigger fees for the bank. So, I'm sitting here, with my meager $600k in cash in Wells, getting a message every day that they'll get to my PPP application some time after new funding arrives. I know many people that applied through their local community banks that got funded just fine.
Fantastic yield, but can they sustain their dividend? If they cut it, or cancel it, that would be a real hit on the value of the stock. BP wasn't doing particularly well BEFORE Covid.