Long Term Play on QRTEA
Diupdate
QRTEA seems to be priced as if it were going to go bankrupt in the next year or so (my interpretation of the financial's does not support that idea).
In respects to only what I am seeing on the charts, i believe QRTEA has potential to go upwards of approximately $12 although i believe just under $10 is a reasonable/safe target.
Downside from here seems to be extremely limited (could potentially touch just under $1). While the upside is significant.
The weekly Bollinger Band break would signal that QRTEA is favoring buyers and that sellers are exhausted in my opinion.
I am curious as to what routes management will hopefully take in order to unlock shareholder value in this unique situation (Stock buybacks, buying back debt, etc.) to accelerate this situation. The February earnings will provide good insights into any headway management has made into Project Athens, as well as how successful the organization has been during what has historically been there most profitable quarter (holiday shopping).
I have opened a long position in QRTEA and will be looking to accumulate when opportunities arise.
In respects to only what I am seeing on the charts, i believe QRTEA has potential to go upwards of approximately $12 although i believe just under $10 is a reasonable/safe target.
Downside from here seems to be extremely limited (could potentially touch just under $1). While the upside is significant.
The weekly Bollinger Band break would signal that QRTEA is favoring buyers and that sellers are exhausted in my opinion.
I am curious as to what routes management will hopefully take in order to unlock shareholder value in this unique situation (Stock buybacks, buying back debt, etc.) to accelerate this situation. The February earnings will provide good insights into any headway management has made into Project Athens, as well as how successful the organization has been during what has historically been there most profitable quarter (holiday shopping).
I have opened a long position in QRTEA and will be looking to accumulate when opportunities arise.
Catatan
I believe QRTEA will bottom shortly after Feb earnings (i believe progress will be made but the market will react negatively). Hypothesizing that it bottoms and begins to take off around mid march 2023.Catatan
Watching for a breakout on the weekly... not there just yet.Catatan
Loaded my final lot this morning. Monthly and weekly RSI look to have broken to signal the way up. Looking for 12 on the high end and 9 on the low end as targets. Expecting to reach there at the latest April 2024.Catatan
Weekly officially broken. :) Things are moving faster than i expected. Monthly expected to break Tuesday at these levels. Interested in what the earnings report coming out March 1st will say and the market reaction to it....Catatan
Monthly broken.Catatan
Market is overreacting. Fact is this company is priced as if its going bankrupt and they have more than enough capital to satisfy the current debt. Management is doing a great job of addressing concerns. Operating expenses are being managed and the fat has been cut. 2023 will be a great year.Catatan
Blood in the streets...Catatan
Just more than doubled my position for half the price. Now i wait. 380M market cap is a joke lol.Catatan
Loaded up on QVC bonds April 2024 maturity. 21% Yield. No such thing as a free lunch but this is as close as it gets.Catatan
Still holding. Bond position in the green. Equity position is in the red. Lets see what this earnings report revealsCatatan
Good earnings, who coulda guessed it ;)Catatan
Timing was off. Still believe it will be at 5-6 by next year.
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