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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Falling Knives
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Author: MisterFungi   😊 😞
Number: of 1166 
Subject: Re: KMX
Date: 12/17/22 3:16 AM
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No. of Recommendations: 4
Have we reached peak bearishness?

I'm thinking not. I'd taken a small position in KMX based on Jim's thoughts along with positive arguments from M*, but I sold a few weeks ago and booked the loss.

My view is that the whole used vehicle market is in for rough times owing to high interest rates and a predatory subprime lending environment that smells much like the one in housing that caused so much damage. Even if KMX as a company is not a direct party to the predation, it seems vulnerable to collateral damage (so to speak). So I'm steering clear.

PS: Hooray for Manlobbi! I'm amazed at how quickly the Shrewdom project went from concept to reality! (But I'm wondering why the website is 'not secure'?)
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This community has written 1,155 posts about Falling Knives. The article-length ones it recommended most:
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