UWMC possible turn to watch missing

    Posted by ridgetopab on 31st of Mar 2021 at 03:00 pm

    UWMC possible turn to watch

    missing "fundamentalvalues" SPAC updates :)  div yld around 5% now but, earnings to cover uncertain

    market digesting $700million debt issue by UWMC but, near reported book value now Book/sh  7.63 to 7.72 per various sources

    daily bottom reversal?  60min with wedge and overhead resistance levels

    I sold UWMC a bit

    Posted by fundamentalvalues on 1st of Apr 2021 at 07:50 am

    I sold UWMC a bit back when it had its run to $12+. Certainly getting more interesting now again with the dividend yield. I didn't dig in on the offering they did, but they are a massive company. 

    LOTZ is big on my radar again too now in the $7 area. Incredible update from THBR yesterday (will be Indie Semiconductor soon), I've posted significant dd on that one here. The CEO was on Mad Money, well worth the watch:   https://www.youtube.com/watch?v=hRvYNVOjA1w

    The biggest challenge right now is there are literally a few handfuls worth of undervalued, high quality spacs as it seems the market grouped them all together just as it did months back. The cream will rise again once the algos stop laying on them, people sell for cash trust value near $10, and big money loads up on what they want. It is what it is, a lifetime buying opportunity in select names. 

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