His story was chronicled in Michael Lewis’s best-selling book “The Big Short,” which led to an Oscar-winning movie. Cash flow over the next year will be ample enough to park cash to redeem this debt. Non gaap eps is encouraging but the other red flags in the statements (declining rev, weakening ebit) make me nervous about jumping into this at current price. He's also short $TSLA, calling a big crash like that doesn't make him a good investor. [–]Bulleyes87 2 points3 points4 points 2 months ago (1 child). Scion’s Q2 13F portfolio released today shows that Burry dumped his #1 holding — and new position — from last quarter, Jack in the Box (JACK).His fund Scion Asset Management also liquidated the losing Tailored Brands position, and slashed its Gamestop (GME) stake. Should have paid more attention to what you and a few others were doing back in March. Michael Burry Stocks Portfolio. He's not out there batting 100%, or whatever the bullshit way y'all score batting averages in that boring ass sport. Rod Alzmann on Twitter has been using order flow to model EPS (Gamestop's online order numbers are sequential and can be datamined) and it appears significantly in excess of even bullish analyst estimates. Michael Burry is a well-known value investor and the founder of Scion Asset Management. BBBY, 1 million shares bought around $10.60, currently trading at $20.24. Was not a fan of $LUMN (formerly Centurylink), but Michael Burry opened a position in the last quarter and decided to revisit. Below is some additional information to the Bears in the comments who brought up some really great points. Out are the boring days of boomer telephone lines. Consider posting to r/SPACs, r/pennystocks, r/weedstocks, or r/CanadianInvestor instead. And the pivot to used electronics and merch doesn’t seem like a solid foundation for sustained growth. [–]SgtWeirdo 1 point2 points3 points 2 months ago (3 children). [–]catholespeaker 7 points8 points9 points 2 months ago (0 children), [–]southz 1 point2 points3 points 2 months ago (0 children). So far, that bet … EDIT 4 11/23 20:47: Alright let's try this one again. Centurylink CEO: alright we’re down 80%. Alright listen up fellow autists, sit down and strap in, because I'm gonna sling you some DD so solid you won't be able to close those videos of your wife and her boyfriend over at r/cuckold fast enough. Every aspect of their new generation of products is performing well. Further, they are soon going ex-dividend, which I have seen as a drag on their growth and value. Like many of its retail peers, Bed Bath & Beyond has suffered a hit to sales from the pandemic. They are casting a very wide net, people: Expanded their partnership with Zoom to integrate video calling capabilities into their platform. Still not convinced enough to do more work on this name but incrementally less negative here. Small-time investors on the internet forum Reddit took note. And yes, 10%. Its not just more than 100% shorted, its around 170% shorted and institions own close to 130% of shares. Dr. Burry’s trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him and his investors a fortune.  https://www.newtraderu.com/2020/12/03/current-michael-burry-portfolio-2020-update/, [–]vamp1reweekdays 42 points43 points44 points 2 months ago (63 children). So that's basically it. [–]gordonspizza 30 points31 points32 points 2 months ago (30 children). This post looks like BS. Track stock picks and portfolios of legendary value investors such as Warren Buffett The current market value of his portfolio is $315,294,00, with a top 10 holdings concentration of 72.63%. I had all those shares called away at $5.50 and re-entered after the proxy vote. I don't understand why this confuses people every single time he does it. Shut the fuck up, LUMN has almost fully recovered their revenue stream from last year, showing solid management in an era of COVID. Everyone was mocking his action, poor people, the profit they could have made. Burry made his name through his contrarian insight before the last great market collapse, a fact that has … Scion Asset Management had more than $100 in AUM in 2016 and started filing 13Fs. [–]adtags29 0 points1 point2 points 2 months ago (3 children). Generated Net Cash Provided by Operating Activities of $1.794 billion for the third quarter 2020. TAKE PROFITS. Then again, he definitely is some flavor of Autistic. EDIT: Forgot to mention that they recently announced 2 large Veteran's Affairs Contracts, one being a $795 million National Local Exchange Carrier Next Generation contract and a $195 million Data and Wide Area Network Carrier contract. Michael Burry was among the contrarian fund managers profiled in the book and made still more famous by his depiction in the film of the same name. GME would have had enough cash to redeem this note in March. The rapid growth of the tech industry is a testament to that. LUMN is rapidly reducing their debt, recently offering a $750m Private Debt deal to Qwest. I'll meet you degenerates in Tendie Town. I am sure you could throw a dart blindfolded to pick a stock and earn 50-80% like Alphabet, but GME went up almost 400% since that time. Maybe I’m missing something. 4.3% in GameStop is odd. Recently beat their Q3 earnings, with non GAAP EPS at .40, the consensus estimate was .34. The bonds went from $0.70 to par pretty quickly. Trading is a mix of luck and knowledge. No? The "Big Short" investor's 1.7 million shares soared in value … Who’s got ideas on how to help my stock options hit? [–]adtags29 0 points1 point2 points 2 months ago (0 children). [–]adtags29 0 points1 point2 points 2 months ago (1 child). Current Michael Burry Portfolio 2020 Update (self.stocks), Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. I'll post some additional information tomorrow to address some of the comments and questions below. Well, they are formally Centurylink. These contracts are dirt cheap folks, all under a buck as it stands right now. Lazy, poorly explained rundown? Everything I’ve read about the company in the past two years has been nothing but bad news. However, GME has a great balance sheet and strong financials. Trust me. Look forward to mid February. Mitigate your risk. Makes sense thanks for info, this isn’t a name I’ve ever done more than some light work on. [–]blackalls 0 points1 point2 points 17 days ago (0 children), [–]adtags29 3 points4 points5 points 2 months ago (9 children). Has he been hacked by a Vietnamese guy that got pissed at him bashing Tesla, or is he always trolling? Revenue has been declining because of the console cycle, and Q4/20 is the point that reverses. During that time, the stock roughly traded between $9 and $11/share. I also just sold the $15 puts expiring this Friday for $1.05. Jan 29, 2021, 18:57 IST. Yup - saw this on OPs post and confirmed he's just fucking retarded. But revenue being down is bad right? PE Ratio: 8.40 compared to industry average 16.46. Well fucking google it. EDIT 2 11/21 20:17 CST: Jesus fuck it's Saturday don't you degenerates ever go outside? [–]vamp1reweekdays 0 points1 point2 points 16 days ago (0 children), [–]accumelator 1 point2 points3 points 2 months ago (3 children), Warning ! For an investor whose story was featured in a best-selling book and an Oscar-winning movie, Michael Burry has kept a surprisingly low profile in recent years. CPA, flipped 155k shares, bought for around $50.56, currently trading at $75.78. Revenues fell 3.4% overall to $5.17B, compared to $5.350 billion for the third quarter 2019. The Big Short/Netflix. You got 3 days folks, if you don't own shares by 11/27, no mas dividends. I missed out on buying Tesla few years ago. Michael Burry’s Scion Management averaged down on the fund’s position in Tailored Brands (TLRD), buying 402,900 shares of the distressed retailer in the days leading up to March 16.Scion now owns 7.2% of the company. You should see some posts from a year ago when burry bought in initially considering a potential squeeze in august 2019. I think this is a positive growth stock moving forward. Yeah redemption is possible especially if we see a short squeeze and GME can issue equity. I don't see that happening, because GME is likely to get a debt upgrade. [–]blackalls 0 points1 point2 points 2 months ago (2 children). Michael Burry, who was depicted by Christian Bale in 2015's "The Big Short," said he was shorting Tesla Inc (NASDAQ: TSLA) in December. Seems like the tl;dr is that Burry's in on it. any reason to believe it will increase soon? They don't have any critical thinking skills. [–]dkstrider 1 point2 points3 points 1 month ago (2 children), [–]ahminus 0 points1 point2 points 1 month ago (1 child), [–]_skala_ 2 points3 points4 points 2 months ago (3 children). The Asian market demand is only second to the expected growth in North America. [–]ItsColeOnReddit 20 points21 points22 points 2 months ago (0 children), Tesla is a wildly over hyped stock. Things are looking very promising: Tl;dr: They’re not going bankrupt and the market has only started to realize it. Just like you wouldn’t copy the numbers of a lottery winner. Determines that they are unsustainable and eventually they will go into default. Let Dr. Michael Burry do you and your portfolio a favor and hop on the Tendie Train. To be fair you could throw a dart blindfolded to pick a stock and it would likely have made money from March until now. [–]UltimateStratter 1 point2 points3 points 13 days ago (0 children). Because the stock was insanely undervalued at $4 based on FCF and the balance sheet. Or youtube it if you have trouble reading. Tweet. In this video we show the stocks that Michael Burry is investing in during the 2020 stock market crash. The estimated CAGR for the demand for low-latency, modular fiber networks in the Asian market is expected to grow at about 9% over the next 5 years. and join one of thousands of communities. That did take place around the proxy vote. Guess who has the largest fiber network in the world and is strategically positioned to provide the network backbone to the next generation of internet customers in Asia? In fact, this report from Mordor Intelligence estimates that the CAGR of Fiber Optics and IT solutions will grow at a 15% rate by 2025. I wouldn't put too much stock in the consensus estimate. Scion Asset Management Holdings Heatmap . PS Ratio: .52 compared to industry average of 2.48. Bulls make money, Bears make money, Pigs get slaughtered, and Ronald Wayne sold his 10% stake in Apple for $800. [–]ahminus 0 points1 point2 points 2 months ago (0 children). So it would be wrong to attribute his success only to knowledge. Top 10 Positions I look for them to do early redemption on this note, actually. Some of their business exposure includes: Now I'm no network engineer, but that shit sounds pretty fancy right? Well or just take a look at the yearly chart. Goes to a big bank and purchases CDS, or credit default swap to short the housing market. Go long. It's worth $21-$24, right now. Michael Burry believes that portfolio management is just as important as stock picking: Number of stocks to hold : Burry likes to hold 12-18 stocks diversified among various depress industries. I'm not redoing this tonight. Voted to remove this garbage DD lol. Ah okay thanks. I mean, no kidding on don’t put too much stock in analyst estimates... but it’s still a decent proxy. Digital sales will only go up this console cycle, so there’s presumably even less need for brick and mortar stores. [–]Petrichord 0 points1 point2 points 2 months ago (1 child). You might not know it yet, but we are living through a bit of a paradigm shift in the way we communicate and behave. 14 after hearing Beethoven once. It's a promising pick and good turnaround story. And from one that everyone fought and called him an idiot for doing. I'm still right though, and here's why: First I'm gonna get this out of the way: Everyone who's saying "bUrRy sUcKs uR cHeRrY pIcKiNg", ur momma's a hoe. Theron Mohamed. The fear was that Gamestop wouldn't survive to Q4 2020, but they did. I should have bought the bonds alongside the equity. Michael Burry is a well-known value investor and the founder of Scion Asset Management. Mr. Bale added a whopping 800k shares in Q3, his 4th largest addition to his portfolio this past quarter. No. Most information to help you learn and practice can be found in our wiki. I have some myself on 11 average. Posts regarding this topic will be automatically removed. Get an ad-free experience with special benefits, and directly support Reddit. [–]Fuzzers 1 point2 points3 points 2 months ago (1 child). In a nod to my previous point, I think LUMN was a dying telecom giant who has shifted their focus to all the fancy tech shit people like these days. Since there are less shares in circulation than before, a return to even half of the market cap from the last cycle brings the share price to $50. Portfolio manager(s) are listed as Dr. Michael Burry. Adjusted net income rose to $430M from $328M last year. I’m looking at consensus estimates and it looks like there’s growth modeled in for the next few years but it’s small, not even returning to FY20 rev... is that just because the footprint has shrunk so much? Price target is $24, right now. LUMN owns a lot of companies and has partnered with some household names. [–]ahminus 0 points1 point2 points 2 months ago (4 children). They are on a steady 5 yr decline, what makes you think it’s going to turn around? Scion Capital founder Michael Burry on Tuesday criticized investors that have concerted to fuel a rally in the shares of game retailer GameStop Corporation (NYSE: GME). They knew of Burry’s reputation and stated watching the stock. Woah I knew Burry had a stake in precision drilling but wasn't aware it was 15% of his portfolio. Michael Burry on Investing in Farmland, Real Estate, Gold and WATER｜Burry Investment Portfolio (Explained) in 4 StepsGET A FREE $300,00 STOCK (no joke! Yep. EDIT: Ha, I guess people think shorting TSLA is a smart move by a smart guy. This "infinity short squeeze" people think is going to happen is total horse shit though. Potential short squeeze is correct, but the underlying movement is due to the discounting of the bankruptcy thesis and a potential turn around story. They did this to get rid of the overhang. Big ol' bet on the O&G. Michael Burry briefly reached a 1,500% gain on his GameStop investment on Monday. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. Let Dr. Michael Burry do you and your portfolio a favor and hop on the Tendie Train. [–]ahminus 0 points1 point2 points 2 months ago (2 children). I could go on, but my point here is Christian Bale is extremely autistic, and if you want to be autistic too, go long on one of his recent additions per his latest 13F: LUMN Technologies. He's a big Trump supporter. Tesla investors believe every word Elon says, until Elon says you shouldn't buy Tesla stock because it's overpriced. [–]vamp1reweekdays 0 points1 point2 points 2 months ago (0 children), [–]MrDionWaiters 1 point2 points3 points 2 months ago (0 children). He’s super paranoid and routinely posts conspiracy theories, and deletes tweets all the time. They swapped around 50% of that debt for a new note that matures in 2025. Why don’t people just follow him? If you do not fall under this category then by all means, hop on board our spaceship for a long journey to Valhalla and buy shares, [–]-paul- 0 points1 point2 points 14 days ago (2 children), [–]Sweden_ftw 0 points1 point2 points 7 days ago (0 children), [–]Paramountmorgan 0 points1 point2 points 2 months ago (0 children), I believe he got in on GME at around $3.50/share if I recall, [–]Budget-Necessary-767 0 points1 point2 points 20 days ago (0 children), [–]diegg0 0 points1 point2 points 15 days ago (0 children), [–]WSBGuhMan 0 points1 point2 points 2 days ago (0 children), [–]EasternBearPower -1 points0 points1 point 5 days ago (0 children), [–]AlanTuringEnigma 8 points9 points10 points 2 months ago (3 children). On acquisition, I remember PE passing on buying the name a year or two ago... not saying there isn’t value but GME as an acquisition play has popped up before and investors got burned. The narrative was that GME was going bankrupt, and they weren't. It’s shorted by more than 100% of its shares. Hopefully it turns out like his $GME pick and increases significantly over the coming months. Current Michael Burry Portfolio 2020 Update Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Instead, advertise here. I believe that LUMN will act as one of the major suppliers of the growing technological central nervous system. Point here is you're getting a lot of bang for your buck. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. He became famous when he was played by Christian Bale in the blockbuster movie ‘ The Big Short ‘ based on the best selling book by author Michael Lewis. Centurylink has transformed themselves into Lumen Technologies, switching their focus to helping companies enter the "4IR", or Fourth Industrial Revolution. Dr. Michael J. Burry, cast by Christian Bale in The Big Short, is currently holding these positions. [–]SgtWeirdo -1 points0 points1 point 2 months ago (0 children), It’s definitely moved a lot I won’t argue that, certainly beating the market in the same time frame, [–]SteelChicken 2 points3 points4 points 2 months ago* (0 children), [–]budispro 28 points29 points30 points 2 months ago (5 children), [–]budispro 4 points5 points6 points 2 months ago (0 children), [–]nonagondwanaland 4 points5 points6 points 2 months ago (1 child), those call sellers are gonna be big oofed if we squeeze, [–]catholespeaker 1 point2 points3 points 2 months ago (0 children), [–]Gullible_State_9849 25 points26 points27 points 2 months ago (0 children). Big money was wrong on believing GME would go bankrupt. Am I missing something, if he’s the best or one of? [–]nonagondwanaland 2 points3 points4 points 2 months ago (1 child). These are probably your calls that ur selling us. Increased edge computing exposure by partnering with VMware. It's funny going through these comments, how you missed on GME a month ago thinking you missed out back in March. It can survive, and it is potentially in the process of being acquired by billionaire entrepreneur Ryan Cohen (Chewy). Derp. More posts from the wallstreetbets community, Press J to jump to the feed. Yeah they’ve got a nice cash position but there is a good bit of debt at 6.75% interest that’s coming due in a year or two that will wipe most of that out. Michael Burry Portfolio Scion Asset Management, LLC Holdings Michael Burry is an American investor, and hedge fund manager. Analysts have price targets of $100+ in the event of a short squeeze. [–]marxious 1 point2 points3 points 2 months ago (0 children), that’s what i thought, with trend of this ev, i am not sure if i have so many faith in o&g, [–]de_cobblestone 1 point2 points3 points 2 months ago (0 children), TESLA HOLDERS TO THE LINE, HOLD THE DEFENSES FROM THE BOOMERS, [–]kawkanorbert 0 points1 point2 points 20 days ago (0 children), [–]beckmann63 0 points1 point2 points 17 days ago (0 children), [–]bannercoin 0 points1 point2 points 2 months ago (3 children). So you know, buy some of this shit. The Robinhood app should be discussed in /r/Robinhood. [–]hrh_adam 0 points1 point2 points 7 days ago (1 child), [–]ahminus 1 point2 points3 points 7 days ago (0 children), [–]blackalls 0 points1 point2 points 2 months ago (6 children), [–]ahminus 3 points4 points5 points 2 months ago (5 children). You ever hang around one? Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Dr. Burry is a well-known investor and hedge fund manager at Scion Asset Management, LLC Holdings. [–]aarplusbee 0 points1 point2 points 17 days ago (1 child). I think he got in this last march. Peaking on 2/1 at over 800% SHORT FLOAT, $AAPL Searching for Autonomous Vehicle Partner + $AAPL Picked Up By Huge Hedge Fund. He doesn't have any mortgage backed securities either, it's like this loser is trying to lose money. [–]godsocks 4 points5 points6 points 2 months ago (1 child). I know there are none, thats why i was asking him, i have no idea why is it upvoted with blatant lie like that. Not sure why the sudden selloff today, but expect that if earnings continue to be promising along with forward guidance, then it should see another pop after the release of Q4 2020 earnings. Scion Asset Management had more than $100 in AUM in … By Wayne Duggan , Contributor Sept. 17, 2019 By Wayne Duggan , … [–]ahminus 8 points9 points10 points 2 months ago (2 children). I'm long at $4.24. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. If you are a boomer there is a high change that 20+% swings will affect your pacemaker and raise your cholesterol to a level not considered “i-cannot-believe-its-butter”. Do your own DD. Press question mark to learn the rest of the keyboard shortcuts. You morons ever see the Big Short? This week we’ll take a look at superinvestor Michael Burry (6-30-2020). Look at market cap since it went public. Well, let me give you a rundown: Autist reads about a million pages of subprime housing loan structures. And fuck you, just go watch the movie. Don't know what these mean? They don't have much of an outlay left on that bond in March. A lot of companies are going through a bit of a renaissance these days. I'm kidding its LUMN. We call this affliction having paper hands and its a big nono for GME plays as you will only help and embolden the hedgeholes we are having a retail war with. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. If you figure out exactly what Michael Burry was up to in the second quarter of 2020, please let me know. [+]questioillustro comment score below threshold-21 points-20 points-19 points 2 months ago* (7 children). This allows him to focus on his best ides while smoothing out volatility (not to reduce risk, but to reduce personal stress). Thanks, guys. Some of his other notable trades this year are: GME, which he bought back in Q1 2020, and we all know how that shit worked out. Disclose any related open positions when discussing a particular stock or financial instrument. Fuck it, im in, PDS going from $0.75 to over $17 was from a reverse split moron. use the following search parameters to narrow your results: Almost any post related to stocks is welcome; please read the rules below: 1(b) To submit a comment you must have a 3 day old account, 10 comment karma; 75 comment karma to post. Doesn't buy puts because he isn't a gaybear, or something. Non-ETF-related Crypto goes on r/CryptoCurrencies info. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 20366 on r2-app-0a7a25e23ed809771 at 2021-02-16 09:50:53.061681+00:00 running 6af0055 country code: US. [–]_skala_ 11 points12 points13 points 2 months ago (18 children). If you play options, make sure you get options dated for March 2021 or later. It dropped below $9/share shortly thereafter in October 2020. [+]joeman2019 comment score below threshold-8 points-7 points-6 points 2 months ago (6 children). TL;DR: LUMN 1/21 10c, 4/21 12c, 7/21 15c, and 11/21 15c. And I’m talking about Wall Street consensus btw, doesn’t include the guy you mentioned. Who knows how they will unravel, but a short squeeze seems almost imminent. Idk if I agree on strong balance sheet. PB Ratio: .80 compared to industry average 2.64. This is a company that did $21bn in revenue (TTM) and is trading around $10 bucks a share. Hedge Fund Manager Performance Q3 AUM # of Holdings Performance Rank Holdings Concentration ; Scion Asset Management: Michael Burry: 8.77%: $154242000: 20: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. It is much lower than where it has been during previous console cycles. Rendered by PID 20366 on r2-app-0a7a25e23ed809771 at 2021-02-16 09:50:53.061681+00:00 running 6af0055 country code: US. Burry bought one million shares in the retailer in the first quarter, giving it a 12% portfolio weight. Can you show me analysts with 100+ sounds interesting. [–]pryda22 2 points3 points4 points 2 months ago (1 child), At one point he did call Tesla stock over priced it dropped like 50 for a few days then went way up again, [–]spald01 1 point2 points3 points 2 months ago (0 children), [–]Japappelflap 0 points1 point2 points 2 months ago (0 children), [–]4everinvesting 1 point2 points3 points 2 months ago (0 children), [–]nonagondwanaland 0 points1 point2 points 2 months ago (0 children). No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Another swap seems more likely to me if status quo is maintained (not really generating cash)... and if they’re borrowing at 10% in the current debt environment the interest could end up much higher. And they just forced a redemption of another 50% of the 50% left. Of course it's still down from where it was before the market crash even after the "huge" gains because the oil industry got crushed so hard. XRT currently sits at 190% SHORT FLOAT. Well, I guess since this has gained some traction hasn't it boys? [–]adtags29 0 points1 point2 points 2 months ago (2 children). Over the summer new management was brought in and the company seems to be pivoting towards e-commerce. [–]trosdetio 2 points3 points4 points 2 months ago (0 children). [–]Nope______________ 59 points60 points61 points 2 months ago (1 child), [–]ahminus 9 points10 points11 points 2 months ago (15 children). Was just looking at the chart. COVID is forcing public companies to be smarter, more efficient, and adaptable. He was on twitter for a while (ranting about COVID), but he isn't now. The most insane share stats I've ever seen. He became famous when he was played by Christian Bale in the blockbuster movie ‘The Big Short‘ based on the best selling book by author Michael Lewis. The aggressive shift to accommodating the rapidly growing tech sector is again the right move by Lumen.
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