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Wow, nothing worse than working for people who don't want to do things correctly. I ran into a few like that, and it made me wonder if the attitude came from upper mgt. I looked at a large manufacturer that intentionally failed to pay or accrue a substantial number of invoices for expense items late in the year. They were trying show more/improved profit to get a better year end bonus/raise. Stupid.
I've also seen Management say we better not owe money for a tax audit, and the person in charge materially over pay taxes. failing to question the taxability of some things. Thing is the tax examiners/auditors often don't quest items were tax has been paid so overpayments are gone forever.

Some of it was so bad it was comical. I had a marketing director have extra money in their budget thinking that all they had to do to keep it was to call vendors at quarter end and order a bunch of stuff. They also did the opposite. Hold off on submitting invoices after goods were delivered or services rendered to stay under budget for the period close. I have a lot of respect for those that run their businesses ethically.

Sales people would also have the misconception that if the company traded for a product and they took it as compensation/commission that it shouldn’t hit their W-2s. Newly hired manages also thought that paying for their moving expenses and apartments were non-accountable freebies that were tax exempt. I wish that I kept good notes over the years. I could have written a few books.
 
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Doing a quick calculation I’m thinking that the SMCI founder (Liang) holds about a quarter of the shares. The insider dealings with his family’s company aren’t insignificant but probably not enough to cause SMCI to fail.

This one will be interesting to follow as it unfolds. The assets and revenue stream are valuable, but those crooks need to leave. Shares are around $32/$33. Low teens won’t shock me at all. There are too many moving pieces right now, I’m sitting this one out. Maybe revisit after management addresses things on 11/5. But they are liars. I don’t have faith that they can reignite the growth. How far will a stock that was up 3,000% fall?

NVDA is collateral damage, but there are other customers in line that would jump at buying anything that SMCI doesn’t. Dell and HP are bigger NVDA customers.

 
DJIA changes announced:

NVDA in. Dow (Chemical) is out.

Sherwin-Williams is in. INTC is out.

Effective 11/8/2024.

The last addition was AMZN in February 2024. Walgreen’s was dropped.

NVDA is the 4th Mag 7 added to the DJIA. AAPL, AMZN, and MSFT were added earlier. TSLA, META, and GOOGL are the 3 missing. The Mag 7 has a market cap greater than only the markets of a couple of countries. US. China. Japan. Maybe 1 or 2 others..
 
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DJIA changes announced:

NVDA in. Dow (Chemical) is out.

Sherwin-Williams is in. INTC is out.

Effective 11/8/2024.

The last addition was AMZN in February 2024. Walgreen’s was dropped.

NVDA is the 4th Mag 7 added to the DJIA. AAPL, AMZN, and MSFT were added earlier. TSLA, META, and GOOGL are the 3 missing. The Mag 7 has a market cap greater than only the markets of a couple of countries. US. China. Japan. Maybe 1 or 2 others..
Wonder if we'll see a share price increase because of MFs and ETFs that track the Dow needing to add NVDA?
Well, up about 2% Friday at the close. Up almost 3% Friday after the close.
 
DJIA changes announced:

NVDA in. Dow (Chemical) is out.

Sherwin-Williams is in. INTC is out.

Effective 11/8/2024.

The last addition was AMZN in February 2024. Walgreen’s was dropped.

NVDA is the 4th Mag 7 added to the DJIA. AAPL, AMZN, and MSFT were added earlier. TSLA, META, and GOOGL are the 3 missing. The Mag 7 has a market cap greater than only the markets of a couple of countries. US. China. Japan. Maybe 1 or 2 others..

Sherwin Williams seems like an odd choice.....
 
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Sherwin Williams seems like an odd choice.....

I get it. Resembles a true industrial. Growing, well run large cap company. Somewhat diversified within its industry. Vertically integrated. More exposure to construction/real estate. The DJIA has evolved to be over weighted in financials and tech so maybe they’re trying to hold on to their roots somewhat or at least prevent further erosion of the “industrials” moniker after removing Dow Inc.

Only P&G has been a component for more than 50 years. 3M is approaching 50. However, IBM and Coke were in the 1930s and returned. Chevron was removed but returned after 8/9 years.

It is weird how it’s still the most popular index since it’s not that great of a measure of the overall US market.
 
I have 39 separate option positions. Every single one today is OTM. :) It won't stay that way, and I know I will have to roll some stuff down, but it is really cool seeing that. Even the calls are OTM.
 
SHW is coatings rather than just paint. So they have exposure to almost everything being manufactured. Real estate and automotive are huge industries that they supply.

Their traditional paint is vertically integrated. They don’t just brand paint made by others. They make it. Plus they sell a lot of it in their retail stores. They make paint branded for others.

I’m surprised that Warren Buffett doesn’t already own SHW.
 
I liked the betting markets than DJT as proxy. I guess the gain is muted because expectation is that he will dump shares now....
Everyone’s taking profits. As long as it stays 12% above where I bought I’m adding weekly. Just adding until inauguration or a merger sale.
 

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