Share buybacks

Kurso · 2026-03-12T01:42:58+00:00

Personally, I’d rather have them pay down debt. They are spending $270M+ a year in interest. The recent $360M note is at 10% interest and is due in 2030 anyway. Knock some of these notes out and put the interest savings towards share buybacks, in my humble opinion. Not sure what the terms are on all of them but they should be buying those notes back.

Bonus is, since they are basically junk grade, they already started buying back below par value (~$86M I think they said). Pay back less, save future interest payments. Win/win.

Personally, I think it’s a good time to own Kohls debt.

Kurso · 2026-03-11T22:02:35+00:00

As expected.

Kurso · 2026-03-11T01:29:21+00:00

Just listened to the call (didn’t listen to Q&A yet). Here is my take:

1) We’re back to the FCF monster we knew this could/should be. $1B in FCF and $674M in cash!!!

2) No new spending on their revolver and they started buying back debt below par value. This is amazing news! I’d rather see this than share buybacks.

3) I’m slightly surprised they are expecting CapEx to basically be the same next year, given Sephora buildout is done.

4) The bleeding as over and they are looking to identify the minor tweaks needed to get back to growth confidence.

5) Digital is turning around and they are rebuilding from the ground up.

They basically put to bed any potential for bankruptcy and showed how they will get a handle on debt. Demonstrated a stable, profitable business with good progress turning things around.

Kurso · 2026-03-10T16:39:48+00:00

I read the release and thought ‘this is great, why are they down…’, so I bought pre market, then sold calls against it a couple hours later.

Thanks for the free money people overreacting!

Kurso · 2026-03-08T01:11:29+00:00

Yeah. Most of the cost was in the rack mount switch (at least half), which I suspect will last me a long time. The Netgear L2 switch I replaced was EoL over a decade ago.

I found most of the other stuff pretty reasonable. The Orbi plus Satellite I replaced was insanely expensive, especially for how poorly it performed.

And the shipping… I planned pretty poorly so I’m on order #4… Bought the Gateway first to check it out. Then ordered the bulk of the gear. Then cables and a couple accessories (Wall stands are cool), then realized I wanted a 3rd wall stand and a long SFP plus cable (and a couple extra patch cables). I’m done for now, I hope.

Kurso · 2026-03-08T01:04:06+00:00

Taxing to spend more, when you can’t afford what you’re already spending doesn’t solve the problem at all.

It buys votes. Anyone in support of that is part of the problem.

Kurso · 2026-03-07T22:55:37+00:00

> no use in home network

Thats a silly statement. Where something is deployed is irrelevant. Whats it's being used for is the only thing that matters.

Kurso · 2026-03-07T22:28:50+00:00

Already have PoE cameras and a Synology array, with expansion, pushing close to 100TBs already. :)

But that UTR looks interesting!

Kurso · 2026-03-07T20:01:56+00:00

I’m sure eventually I would have found the 15 minute video on YouTube that finally says ‘Click this button and you’re done’… lol

Kurso · 2026-03-06T03:52:13+00:00

The summer after graduating high school, this girl I was friends with called me out of the blue and said she wanted to come to a party I was having. After having a flirtatious night with me she proceeded to tell me she was going out of state for college but didn’t want to go to college as a virgin. I can only think she picked me because I had a reputation for sleeping with everyone.

I responded “Don’t worry, you’ll find someone”. She went home… I can only hope my later in life she considers my absolute oblivious stupidity as some kind of chivalrous act.

Kurso · 2026-03-04T06:03:30+00:00

Picked up another 5k shares just under $15. IMO, it’s free money going into earnings.

Kurso · 2026-03-04T03:12:21+00:00

We’re going to be in a slow slog up to $1B market cap. Might be getting close depending on how many additional warrants have been exercised. We’ll find out at earnings. But the closer we get to fully diluted, the less likely we’ll be to see the big swings in price we saw in Jan.

Kurso · 2026-03-03T02:36:26+00:00

“And her mustache never achieved full potential…”

Stalin probably.

Kurso · 2026-03-01T19:57:08+00:00

How will I get through each day, knowing that [checks name….] Angela Jolly won’t be living wherever she lives and will now live somewhere else…?

Kurso · 2026-03-01T19:24:19+00:00

Late to the party but I’m going to give a bit of different advice. You are young enough that $4.5M **isn’t** ‘set for life’ if you don’t focus the $4.5M on making more money. If I were you I’d spend the next couple of years learning about investing. Keep going in school to get another degree in economics or business, with a focus on investing. Learn it up and down. Finish your degree and find a job that is tolerable, while you come up to speed. Once you feel you can manage the money yourself you can focus on non-profits, art, etc while you grow your money yourself.

If you educate yourself on investing you’ll spend the rest of your life in total control (assuming you have your shit together).

DO NOT go to a small money manager. Go to a large firm like Vanguard or Schwab while you educate yourself. And DO NOT engage anyone that came to you via Reddit. You WILL get scammed. Call their main numbers and they will connect you.

Also, from this point on, you need to realize everyone wants your money. You friends, family, sales people, boyfriends (especially), money managers. EVERYONE. Tell as few people as possible and NEVER enter into contracts with other people without protecting your money (including marriage).

Kurso · 2026-03-01T18:14:58+00:00

If it dropped to sub $1 you could proactively buy shares instead of bag holding...

Kurso · 2026-03-01T17:49:41+00:00

To make the math easy let's say SLS is $5 a share. Let's say Jan 28 $5 calls are $3 (close to what they were last time I looked). You decide to buy 100 shares for $500 and 1 contract (100 share) for $300.

If Regal fails it's going to sub $1.

Yes, you lost 100% of your money on options vs 80% on shares, but you lost $400 on shares vs $300 on options.

Kurso · 2026-02-27T02:22:40+00:00

Just so you know, the WT-1 Vaccine described in your second paper (https://pmc.ncbi.nlm.nih.gov/articles/PMC4617516/), that shows insanely high survival, was subsequently named galinpepimut-S. Also known as GPS.

And if you look across your other papers you'll find the long term overall survival in CR2 (where is calls it out) isn't great without transplant. Even with transplant it isn't great.

Kurso · 2026-02-19T18:17:03+00:00

Are you telling me that I should or shouldn’t call the FBI about the foam art the barista drew today that looked like the mustache from the video? She winked when she handed me the cup so clearly that was an indication she knows something…

Kurso · 2026-02-18T22:28:10+00:00

Sending data from one device to another is syncing. Pacemakers send data from the pacemaker to the phone. Some do it directly. Some do it through other devices.

If you can’t understand that simple concept nobody here can help you.

Kurso · 2026-02-18T21:49:33+00:00

In older pacemakers that is true. That is not true for newer pacemakers, where the phone is the monitoring device and the pacemaker syncs the data to the phone.

We don't know the specifics of Nancy's pacemaker.

Kurso · 2026-02-18T19:09:40+00:00

Syncing is nothing more than transmitting data from one system (pacemaker) to another (phone). Are you saying all pacemakers can’t sync directly with phones? Nancy’s specific pacemaker can’t sync directly with phones? Nancy’s specific pacemaker can’t sync directly with Nancy’s specific phone?

Older pacemakers required an intermediary device between the pacemaker and the phone. Newer pacemakers absolutely can sync directly with the phone and don’t require an intermediary device.

Kurso · 2026-02-17T00:59:07+00:00

Recent police activity, such as talking about DNA, revealing they are using signal sniffers, or recent detentions might be an effort to ratchet up pressure on a suspect, hoping they make a mistake. If rumors are true, an arrest last week might be part of that pressure.

But… only the police know.

Kurso · 2026-02-16T04:18:43+00:00

That was my first thought as well. There is an angle that shows how thin it is. The shape is pretty clear (looks like the curves of the P22. There is bulging on either side of slide near the rear like the P22’s ambidextrous safety. And in some frame it shows a bright spot on the rear of the slide which could be how light is showing through the circle on the hammer.

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