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Party City is the little party that keeps putting out


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2022 Nov 9, 6:44pm   640 views  13 comments

by Tenpoundbass   ➕follow (7)   💰tip   ignore  

I love watching stocks like this, for several reasons. Number one, never under estimate the American consumer's desire to buy as much useless junk regardless how hard the times are. Number two it's a cheap thrill. Just look at all of those peaks and valleys. You can really clean up on this stock buying the dips and selling the peaks. At 75 cents, I could see it going back to a $1.50 by the first quarter, if they did a good Halloween and the Holidays ahead. The third quarter report was through the end of September, so their October sales might have not been included. A lot of people went all out this year.
Those dips are always wild 30 points or more swings. I think it's more than a penny stock. Party City is a zombie brand, that seems like it isn't going anywhere. Just when you think they are down for the count, America goes on a binger, and boosts their next earnings report.

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2   Patrick   2022 Nov 9, 10:13pm  

That is the lowest p/e ratio I have ever seen, at 1.26.
3   Patrick   2022 Nov 9, 10:18pm  

And lol, Blackrock and Vanguard own about 10% of it. Is there any stock not at least partly owned by Blackrock and Vanguard?
4   Patrick   2022 Nov 9, 10:21pm  


In the S&P 500 – the benchmark index of America’s largest corporations – the situation is even more extreme. Together, the Big Three are the largest single shareholder in almost 90% of S&P 500 firms
5   Al_Sharpton_for_President   2022 Nov 10, 4:09am  

Party City needs to branch out into weed, booze, and blow.
6   DD214   2022 Nov 10, 5:13am  

Party City to shrink corporate workforce by 19% as consumers pull back

Party City is now buckling up for a bumpy economic ride ahead. The company made a slight downward revision in its sales expectations for the fiscal year and significantly increased its estimates for losses, with an anticipated maximum net loss of $199 million compared to management’s previous high-end estimate of a $36 million loss.

Telsey Advisory Group analysts said that “uncertainty about the level of demand, more promotions at discounters that can result in lower traffic to Party City stores, and the ability to manage rising costs keep us concerned.”

https://www.retaildive.com/news/party-city-shrinks-corporate-workforce-19-percent/635996/
7   🎂 Tenpoundbass   2022 Nov 11, 8:22am  

Where could you have made over 33% return in just a few days? I don't think this upswing is over yet.

8   DD214   2022 Dec 2, 4:32pm  

Tenpoundbass says

I don't think this upswing is over yet.

Party City back in creditor talks amid cash crunch

Party City has reopened talks with creditors to address its liquidity needs, according to a Bloomberg report that cited anonymous sources.

The news service also noted that market prices for some of Party City’s bonds fell following its initial report of creditor talks.

Fitch and Moody’s have both downgraded Party City in recent months. In cutting the company’s credit rating, Fitch analysts pointed to a debt maturity next year as well as “rapid deterioration” in Party City’s operations and liquidity, and they called its capital structure “likely untenable.”

https://www.retaildive.com/news/party-city-creditor-talks-cash-crunch-bloomberg/637845/
9   Patrick   2022 Dec 2, 4:41pm  

Tenpoundbass says

Where could you have made over 33% return in just a few days?


Lol, it's hard to argue with winning, but it could just as easily have gone the other way. If you can afford to lose the money and it's just a game, then party on.
10   DD214   2022 Dec 2, 4:45pm  

Tenpoundbass says


Where could you have made over 33% return in just a few days?

Unless you are putting up serious money, the effort is not worth the risk.

Much like poker and similar to what Patrick stated if you can't afford to lose, you can't afford to win.

I love watching and owning stocks that have consistently delivered dividends, year after year for decades and often overlooked by people chasing quick money.
11   Patrick   2022 Dec 2, 4:54pm  

DD214 says

I love watching and owning stocks that have consistently delivered dividends, year after year for decades and often overlooked by people chasing quick money.


Most of my stocks are like that.
12   AD   2022 Dec 2, 9:00pm  

DD214 says

I love watching and owning stocks that have consistently delivered dividends, year after year for decades and often overlooked by people chasing quick money.


What stocks do you own that pay dividends ?

,
13   DD214   2022 Dec 3, 11:03am  

ad says

What stocks do you own that pay dividends ?


One and sometimes two Fortune 300 Industrial Gas Companies

One and sometimes two Canadian Banks

Two other Fortune 300 companies that produce tangible products that people use and need regardless of economic conditions.

Never more than 6 stocks total

Some resources:

https://www.dividend.com/

https://dividenddetective.com/

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