Merger possibility with PEGI

Pattern Energy is negotiating about possible merger with Terraform Power (TERP) and their holding entity Brookfield Asset Management. Stock rose to 26 range from 23. I am estimating minimum of 30 dollars for merger effective price. No doubt they will offer new shares also. I bought more at 25 as speculative bet that this merger will happen.

Beyond Meat,BYND is clearly overvalued

Hype behind Beyond Meat has been strong in IPO of stock soaring 170% on first trading only after IPO was priced up. I noticed this article on Seeking Alpha about it by Ian Croci

He values the company to be worth about 3.6 billion. It is now trading at 3.9 billion. However even if overvalued slightly, it does not seem to make sense after accessible marked is estimated. Optionbull commenter noted that size of beef market in US is 60 billion per year. The company would have gain 25% of the beef market to get the needed cashflow in 10 years. Something tells me that there won’t be just one vege protein stake option in the markets.

Despite my view, I strongly am against of shorting against stocks like these because they are hype stocks. Market can stay crazy longer than I can stay solvent. Some stocks get free pass on numbers like Tesla from the market but not from me.

Keep on investing!

Now it is time to hit China back…

With your money.

Trump and Chinese negotiates have made great progress on trade talks. Tariff hikes that were supposed to become effective next month are postponed. This gives a signal that both sides see same positive conclusion.

Chinese stocks and economy have been hit hard during the battle. I see this as good opportunity buy into Chinese market with selected stocks. I have not planned this well so for now I am looking to initiate positions on AABA, WUBA, TCEHY.

Keep on investing!