oldarmy1 said:

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Rice and Fries said:

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SOFI going public. Me likey.

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I am in line for IPO shares on this one and will buy regardless of placement.

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third coast.. said:

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I'm so confused

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McInnis 03 said:

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ENG with a run. Bagholders be alert.

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Quote:

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JPMorgan drops Coca-Cola (NYSE:KO) to a Neutral rating from Overweight as it becomes the latest firm to point to increased tax risk.

"In late November, the U.S. Tax Court ruled in favor of the IRS, which determined that KO would owe ~$3.3bn in taxes for the tax years 2007 through 2009. On top of that, there is a risk that this amount could more than triple should the IRS apply the same tax treatment to KO for the tax years after 2009 (about $1bn a year for about seven years but lower post tax reform)."

JP says it is taking a pause on Coca-Cola due to the rising risk, while remaining positive over a longer timeframe.

"Longer term, we continue to like KO fundamentally, in particular its high beta to the reopening (~50% of global volumes sold on premise). We also believe KO will emerge even stronger from the pandemic, with a better brand portfolio post SKU rationalization and a leaner, more agile corporate structure. We believe this tax overhang may linger into a good part of 2021, and the company may be forced to place ~$3.3bn in escrow, which would be a cash outflow, besides a potential accounting provision. While we think KO has strong defense arguments, we believe risks are rising."

The firm keeps a price target of $55 on Coca-Cola in place.

Shares of KO are up 0.34% premarket to $50.69.

Yesterday, Deutsche Bank turned cautious on Coca-Cola to follow RBC Capital and Guggenheim.

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oldarmy1 said:

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BIGC and ASAN. If you haven't yet you might want them in your long term portfolio's. One of the two, maybe both, will be 3X baggers.

Just exit off the request to join, to read article.

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $87.46 Average Target Price from Analysts - Enterprise Leader (theenterpriseleader.com)

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0708aggie said:

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Are you playing options on these?

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oldarmy1 said:

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0708aggie said:

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Are you playing options on these?

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I bought shares at $58 on BIGC and sold naked Puts Feb $60's for $8.45. Those Puts are under $6 now.

ANAS I bought more shares and sold less naked Puts. I didn't trade a call option on these.

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McInnis 03 said:

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Ummm, sofi goes public via spac IPOE

Edit: wow, I missed the entire discussion earlier

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McInnis 03 said:

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Ummm, sofi goes public via spac IPOE

Edit: wow, I missed the entire discussion earlier

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Whitehouse Road said:

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McInnis 03 said:

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Ummm, sofi goes public via spac IPOE

Edit: wow, I missed the entire discussion earlier

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Dan has you too busy searching for small cap 3D stocks today.

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oldarmy1 said:

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$17 is Model T on the IPOE explosion move.

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McInnis 03 said:

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MBIO getting press

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