![]() Schwartzer has also served as a consultant for hedge funds, startup companies, and executive committees of large institutions. She has formerly worked in the aviation industry, where she covered a wide range of roles such as electronic engineer, project and facility management, and engineering finance. She serves a massive number of readers with a dedicated newsletter that focuses on investment opportunities across macro assets, primarily cryptocurrencies. She is the founder of Lyn Alden Investment Strategy. Lyn Alden Schwartzer is one of the popular names in the crypto space. In the near-term, however, there is plenty of alignment about corrective potential.Lyn Alden Schwartzer is a prominent name among crypto enthusiasts and investors she has enriching financial expertise. Zac’s technical analysis has a long-term bullish setup for TSLA after this correction, whereas I think the fundamentals are quite risky, so we’ll see what happens. I don't use stops for long positions but I use them strictly for short positions. ![]() I've had mixed success with TSLA shorts this year as a portfolio hedge and risk management tool, and maintaining tight cover points is what kept the attempts rather neutral in terms of profit and loss. However, it’s important to maintain tight cover points because TSLA does have a tendency to surprise to the upside with positive sentiment. I consider it a “sell the news” event at this point, as a base case. The valuation is excessive, and a lot of this recent rally was about its entry into the S&P 500, which required a lot of forced-buying by index funds, which is now complete. I discussed a probable TSLA short in my December 20 th report for fundamental reasons, and am now short TSLA from $660. Likewise, Zac has a bearish near-term setup for TSLA: I remain bullish on Bitcoin over the next year, and pretty bullish on GBTC as well, but because it became a large portfolio position and has a premium that is higher than my liking with plenty of corrective potential, I’m trimming here for risk management. So, today I did go ahead and trim 100 shares, or 20% of the position. It has tripled from our entry point, and now has a 40% premium to NAV: I mentioned in my December 20 th deep dive report that I am considering trimming GBTC from the No Limits portfolio. Zac has a long-term bullish setup still in place for GBTC, but with a risk of a significant pullback in the near-term: ![]() When the line is going up, it means value is outperforming, and when the line is going down, it means growth is outperforming. It could be another fake-out, but given the big shift in fiscal and monetary policy this year, along with the unusually wide valuation gap between growth and value stocks, this one could have real potential: More broadly, there is potential growth-to-value rotation occurring. Many high-yield stocks are banks or energy or real estate related, so a couple small tobacco stock positions can add a bit of diversification to a yield-centered portfolio. ![]() I prefer BTI due to its global exposure, but holding a small collection of cheap tobacco stocks is rational as well. Likewise, Altria (MO) has a similar fundamental chart: It’s not a sexy stock pick, but it has outperformed for decades, and after the past five years of severe underperformance, is extremely cheap relative to its fundamentals. ![]() Over time, BTI will keep consolidating its operations and balance sheet, and is generating plenty of cash for dividends. For example, debt/EBITDA increased, while debt/assets decreased from the acquisition point: If we look at raw free cash flow, it also looks great:Įver since their big Reynolds acquisition, some of BTI’s metrics have been a bit wonky, because it takes time to digest such a large acquisition. Garrett recently posted a bunch of setups about rotation plays, the two that I like a lot fundamentally are both tobacco-related (even if I hate their products).īritish American Tobacco (BTI) is extraordinarily cheap, pays a high yield, and consensus analyst expectations are for earnings growth: In this issue of “Where Fundamentals Meet Technicals”, we look at a couple high-yielding cheap value plays, and provide an update on the Grayscale Bitcoin Trust (GBTC). ![]()
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