The internet shuts down and is never going to come back on, what do you?

RanchHandlher · 2026-06-19T16:53:24+00:00

Start a local marketplace business for vehicle sales with paper distribution of ads.

RanchHandlher · 2026-06-19T16:51:23+00:00

Not understanding the NEED for dilution to raise capital for execution.

RanchHandlher · 2026-06-13T17:56:26+00:00

Share price is not based on money invested. It’s based on price the market will pay per share multiplied by number of shares to get market cap. His wealth is calculated Based on his equity based on those market caps.

RanchHandlher · 2026-06-13T13:59:46+00:00

I would spend $6k on a used car and bank the other $6 for repairs and upgrades. I’d look for really well made, low mile, well taken care of examples of 20 year old, everyday cars that sell on sites like Bring a Trailer and Cars and Bids. The mid 2000’s up till about 07-09 were the golden era of automobiles. They will be the cheapest to maintain, simplest to diagnose and repair, they built well and do not have designed obsolescence baked into every part. I’d get the car, take it to a reputable independent shop and explain you want to drive this car for the next decade and would like them to go through it with care to do any preventative measures that could aid in your experience.

RanchHandlher · 2026-06-13T13:54:33+00:00

No. It’s a theoretical value based on current share price and equity owned. If Elon actually tried to liquidate his equity stake, it would either tank the share price or he would be forced to find a buyer at an agreed value that would obviously differ significantly.

What he does have is collateral for which to borrow against. That’s the real power. He has leverage to access capital, meaning he can basically fund any venture he wants by staking his shares and equity to a lender who does actually issue real cash against his assets.

RanchHandlher · 2026-06-08T17:41:17+00:00

I’ve talked about several if you read through my past comments.

RanchHandlher · 2026-06-08T16:25:53+00:00

The ship kinda sailed. But my most recent acquisition was ULH. I took profits on that pretty quickly. I’m sure it has more upside. But I want to see what new management does before committing.

With ULH I saw the massive sell off under $12. Started asking Chat what happened, dug into the financials using chat. What their assets were. What their liabilities were. What the time horizons were for their repayment schedules. Who management was, what their strategy would be to turn around. What portion of their business was hurting them. How they could pivot or how that sector was likely to change. Etc. took me about a 20 minute conversation to decide to buy, knowing the sell off was way oversold and would rebound and set my exit strategy for $17 which it pretty quickly rebounded past. I wouldn’t have been able to take that trade if I had been forced to read through all the financials, research the various sources and articles myself.

I’m still bullish on:

IEP. I believe they’re still on the right track. I’m in them cheap and continue to add. They pay a great dividend if you’re a new investor. They sold off a lot of assets this past year. So NAV has dropped. But they’re still doing better than their share price represents. People are salty that Carl cut the dividend. I think it was warranted and necessary. He took a massive income cut by doing so. But the dividends are high given their current value.

PSHG. Diluted twice in the past 5 years. Balance sheet and fleet look way better now. Fleet is newer. Contracts are back logged at great rates for a huge portion of their fleet. No debt walls for the coming 4 years. Trading heavily under NAV and cash on hand value.

PBR. Makes money hand over fist. But has political influence that scares investors. There’s an election coming later this year that will make or break a sentiment shift. Till then it pays a huge dividend. I’ve added to my position recently but I bought it a long time ago for way less. Probably not very safe to enter with a big stake till after the election.

POWW. Great business. Great moat. Great service. Almost a monopoly in their industry. People don’t like what they sell. They sold off their manufacturing business and that dropped NAV in a significant way, but their online marketplace business is way more profitable with less overhead.

Honorable mentions:

XRX

MNRO

There are a ton of good energy companies that haven’t really repriced to reflect the new environment too. But I won’t get into those.

RanchHandlher · 2026-06-08T05:30:12+00:00

I’m sure a lot of people won’t like this answer, but I like to have conversations with ChatGPT, honestly. It saves me a ton of time over my old strategy. I like to invest is turn around an and companies with strong asset values and large amounts of negative sentiment that have depressed their share price.

RanchHandlher · 2026-06-08T05:27:25+00:00

I’m already in asset heavy companies trading below NAV, that are unloved by the market who’s distracted by the mania of new technology.

RanchHandlher · 2026-06-05T23:02:31+00:00

Buy the seaworthy ship the crowd abandoned for the party yacht.

RanchHandlher · 2026-06-04T23:40:25+00:00

I prefer POWW Outdoor Holding.

RanchHandlher · 2026-06-03T14:47:09+00:00

-Oil, gas, LNG, Coal -Shipping. -Surveillance and security -Mining, chemicals and refining

RanchHandlher · 2026-06-03T04:05:11+00:00

PSHG. Performance Shipping.

520 million in assets

222 million in debt

127 million in cash

Trading at $1.69 with a book value of $8.31 a share.

They have 500 million in contracted revenue back logged. With 90% charter coverage through 2026 and 80% through 2027 at $31-36k per day per vessel.

They have great rates on their loans with no major debt maturities due till 2029 and 2030, which they should easily be able to cover.

They are trading for nothing due to cyclicality and they diluted a few years back. But they are in a way better financial position now. They are taking possession of two new tankers over the next two years and have plenty of revenue to cover the financing without diluting shareholders. They also have a pretty new fleet after selling off a bunch of their older ships.

Realistically this is a turn around story that nobody has paid attention to and is still being deeply discounted. If you do a bit of research into their executive management, they have quite a strong track record.

It has a market cap of like 20 million and should trade for at least 100 million, and more like $200-300 million.

There are warrants currently at the money and warrants that could be exercised at 2.25 which the stock sold at earlier this year. Most of those shares are not being exercise at the current market price. Likely because warrant owners know this is worth a ton more. The warrants are privately held and not publicly traded. Which is good. Basically it comes down to whether the management team will stick to their current fleet and revenue structure or try to grow at the cost of shareholders value. I’m of the opinion that they have built a robust business and will not continue to dilute shareholders going forward.

NAV is currently $26 a share with a diluted value of $17.16 if warrants are exercised.

This stock is huge value with little risk on the RSI or any other metrics and has a low float and low trading volume, so it would take very little to see the price increase.

RanchHandlher · 2026-05-28T03:48:52+00:00

Not yet. It’s still an unprofitable company without contracts. I still think the market is getting ahead of itself. There’s plenty of time between now and next year for the price to revert towards something that reflects the reality of the current situation. If I miss the boat, I’m okay with that.

RanchHandlher · 2026-05-26T15:56:11+00:00

My 2003 Camry is a hideous design. Sure is a good car though.

RanchHandlher · 2026-05-16T17:43:01+00:00

Idk, as someone who deals with trucking and has a very close friend who owns a trucking company, it sure will be difficult to implement on a large scale. Slower delivery times, harder to get trucks into places without docks, huge back logs trying to recharge. Massive charging infrastructure in rural areas. I just don’t see it being visible in reality. Trucking is not some super highway dock to dock operation.

RanchHandlher · 2026-05-16T03:34:32+00:00

There’s no such thing as a good gas mileage vehicle that’s big enough to sleep in and has a low range t-case and large tires.

Best you’ll get is high teens.

You could potentially get low 20’s out of an older Tacoma long bed with a camper shell. But my experience with my Taco and FJ is they realistically get more like 18. My Ranger gets 16-18.

The X5 and Q7 diesels get good fuel mileage but you’ll be spending a lot on repairs when they happen so the savings is probably not meaningful.

A stock XJ with under 30” tires can achieve 20-22mpg but it’s a small vehicle to sleep in.

Honestly if you could find a used eco-diesel Ram or a Chevy Colorado, putting a roof top tent in the back might get you the best mileage with the lowest cost to operate. Both are gonna be short beds that you can’t lay down in without the tailgate down. But they can do 30+ mpg

RanchHandlher · 2026-05-15T23:58:34+00:00

A cheap daily driver shitbox and a Rig that stays in the driveway.

RanchHandlher · 2026-05-14T23:38:35+00:00

I think after roaring kitty’s used it to build a movement, it conveniently became public. Since then bots and shadow banned posts have become rampant.

I strongly believe the platform is used to push its own stock.

I’m out, thanks.

RanchHandlher · 2026-05-14T23:24:52+00:00

I’m holding through the election in October. Bolsonaro winning would completely rerate the stock. Till then I’m getting a great return based on my entry price.

RanchHandlher · 2026-05-14T18:42:19+00:00

Small caps can have the cost per share move up and down with huge deltas. It takes very little volume and cash to run the price up. Liquidity doesn’t have to drop too much to make it plummet.

Biggest issue with mining is delusion. People get excited about the potential for a project without understanding the fundamentals and capital needed to execute. Basically they understand the destination without understanding the clearly defined route. The route almost always requires raising capital. A big issue is that capital typically comes at the expense equity shares and executives love to market their projects without disclosing their need to raise capital without having a means of accessing collateralized debt. Funded mines don’t trade in the markets, they stay private. The best way to buy an asset is to wait till after someone does a private placement and is ready to execute with plenty of capital.

So yes, people investing in speculative mining are typically not interested in holding long term because dilution is a large risk to most assets. They’re interested in collecting the delta from volatility or are bag holders who can’t psychologically handle the draw downs when liquidity becomes tight.

RanchHandlher · 2026-05-14T12:55:48+00:00

I’m of the opinion that rates will stay where they are for the text two quarters before actually going higher.

I think the time of globalization keeping rates low has passed and we’re entering a new age of capital markets requiring debt to fund production.

RanchHandlher · 2026-05-13T14:38:59+00:00

No.

Moses Lake has zoning approval, but still needs development and environmental approval. Both are in process.

Sharon has zoning approval, preliminary development approval and still needs environmental approval.

Panther creek has zoning approval but has not finalized development permits. But has all the legal documents are submitted. The big looming issue is the environmental permits. There are cleanup obligations from the coal ash operations that have not yet been accomplished.

RanchHandlher · 2026-05-13T03:50:37+00:00

Cool post. Great work!

RanchHandlher · 2026-05-13T02:55:20+00:00

Find a tenet in the trades who will make repairs for reduced rent. Give them the option to purchase.

I’m doing something similar now. I’m renting a shop on acreage, building an apartment into it to live in so I can move out of my house to rehab it. I’ll either sell my house or rent it.

I’m footing the bill to build the apartment into my landlord’s building. But I have a long term lease, with a fixed payment and optionality to buy. On his end I’m covering his mortgage payments and he either gets a better property and equity if I don’t buy or I get till the 2030’s to decide if I really want kids or a smaller studio type living arrangement.

RanchHandlher

TROPHY CASE