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Today we chat with Entrepreneur and YouTuber Max Maher about stocks, business, and spreadsheets.
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We're gon na go live right here in three two one, all right good morning, fellow traders. What is up what is happening? Welcome back to another episode of the traders podcast, it is episode 26, and i am very uh very excited to bring on max here today. Uh we we had him uh. I suppose he had me over his uh his live stream and broadcast on his channel yesterday, man, that was a that was a fast three hours.

I went by quick man, yeah yeah, that was the easiest easiest stream. I've ever done for sure, thanks for having me on by the way. Yeah. Definitely so guys show some love to max over in the in the comments section here drop some gorillas for the guy.

I am also going to be linking his uh, his youtube channel in the comments. So if you want to check him out, i would highly encourage you do so he's a great uh, great investor, great entrepreneur. You can learn a lot of good things from him, so um first off, i kind of just want to ask you max yeah, no problem, man. I want to ask you uh, you know just to give a background on who you are to give uh give the give the subs and the gorillas a little bit of a background.

You know sure uh, so i mean basically my my whole career. If you will is is based in like entrepreneurial type, things, i've owned various businesses pretty much my whole life, starting at like age 13 by you, know, starting real small, with like just little solo landscaping companies. I had a little sports supplement company when i was 16 years old and then just kind of grew that bigger and bigger and bigger over the years um. By the time i was 18, i started a pool cleaning business.

That's when i got my first few employees after that point, i ended up purchasing a business that i used to work at which was a moving company and um. I grew that from like five thousand dollars in sales the month i bought it to about seventy. Eight thousand dollars in sales uh, 14 months later and uh. It just gets me going every time.

You say that i heard this yesterday, but it's gon na make me smile again. Man yeah! I can go more in depth. If you want to do it man, we got all the time in the world nursery overview yeah. So i guess just going back a little bit on the story.

I uh moved from minnesota to arizona um spent a few months trying to figure out what exactly i wanted to do. I was very interested in equities and you know investments and things like that. But then i realized after a month or two of really really diving into the research on on equities and like i, i basically wanted to be a mini warren buffett, but i realized that in order to do that, you either need a lot of cash or you Need a lot of other people's cash and i didn't have either so. I was like all right.

I got ta go, make some money myself first and then figure out how i'm gon na you know turn the turn my investment into much larger. You know much larger funds through stock markets and and business purchases, and things like that, so i ended up uh starting a pool cleaning business, which is like i mean if you, if you're thinking about starting a business or you want to be like a self-employed individual, Especially if you don't want employees like that, is such a great business to start, it only costs like a thousand bucks to start. If you have a vehicle that is, i did it in a little essay. I didn't even have a pickup truck um, so i would just drive around like breathing in chemicals all day long but uh we make it work super easy, but go ahead.

Go ahead, easy to start. I always think like. If i, if i lost everything, i would start a pool, cleaning business again uh, but it's super easy to start um and uh. You know once you once you figure out how to just clean a pool which you can find everything on youtube.

That's what i did. I actually funny story um, my the very first time i ever cleaned a pool was for a client that was paying me to do it. I never cleaned a pool before that, and i just was like acting like. I knew you know what i was doing.

Some people might not, i might not like that, but uh make it till you make it. I hear you, i hear you, i got a story after you're done i'll. Tell you it's about the same, but another thing i like about it is: you know you can make well over a hundred thousand dollars a year with no employees or you can expand it to have employees if you want and they're really easy to sell um i've Sold my pool cleaning business twice and you get about a thousand bucks per account and like, for instance, my marketing cost to pick up each account was 30 bucks so 30x. When i my money plus, i would oh man the whole time.

That's good. I didn't realize that i mean i don't know where i'm at that's, that's pretty crazy um. It just goes to show you how far you can really take yourself with an entrepreneurial mindset and just just working hard. You know, i think, a lot of people, especially myself, included when i was you know, 15, 16 years old.

I really didn't understand business at all. It's not really. That was something that was taught to me. You know.

So where did you like? Get this drive to dig into that to like figure out you want to get down that that avenue you know yeah, so this uh, it kind of started out. Well, there's a combination of two things that i i mean it's hard to know exactly why you know why you do anything, but the the things i think kind of influenced are both um in my family. I had you know in like my relatives and things like that there were several people who own their own business, so i think from the start, it didn't seem like an impossible thing to me. It seemed like an option and i think, for a lot of people like college seems like the only option like if you want to make good money, you have to go to college.

So at least i knew that was an option because i knew people who own businesses, so that definitely was part of it. And second, i got a job when i was like 13 years old at a farm and i was get. I got paid less than minimum wage because farms don't have to pay even minimum wage. It was six dollars an hour, maybe six.

Twenty years i was from minnesota, too man i worked. I worked my first year at farm jobs, yeah dude. It was rough, but i was like i was like literally 13 years old driving. This big skid steer here, like hauling around cow cow.

Sorry about that, oh crap, i've done it before man, i've done it before everybody. In the comments section, you better, you better shame, shame max that's game over, but all that for, like six bucks an hour and after a few months i was like you know: i'd work like a 13-hour shift and make like 80 bucks and i'm just like, and Eventually i was just like okay, i got to figure out a way to make more an hour and uh. What i did was i just made up these little flyers at my school's computer lab printed off, like 50 of them, put them on all my neighbor's door and basically just said i'll. Do anything for 15 bucks an hour, and i got a few people who signed up, and that was like the real spark of like my entrepreneurial kind of journey, because i was like overnight.

I just made two and a half times more an hour than i was making before and uh that kind of spun into like lawn mowing and things like that, which eventually spun in the pool, cleaning and then pool clean, didn't last that long and then the moving Company storage, you know nationwide kind of uh business, dang man yeah. That's that's! That's awesome! That's uh! I i would have killed to know where you lived back uh back when we were both living in minnesota, because i i i hold on. I was a guy. I like mowing lawns and um.

You know it's kind of funny that you said that your first client you just kind of faked your way through it. You know you're just like yeah. This is my first time, but it is what it is. I i got my first ever bartending job when i was uh when i was young.

You know it's kind of an under the table gig, but i'm not going to say say names beyond that anyways i just said: yeah i've got experience. I've got experience, so you just you fake it, so you make it in some scenarios, but that's uh yeah! It's it's good! It's really good stuff! Yeah yeah! You really have to just so yeah fake it yeah. If any of you weren't in the stream. Yesterday, uh, we did it straight.

We found out that we both lived in the same city and we were on the same track team one year apart and we've never met each other before it's so crazy. Literally me and max both went to st claude state university in minnesota central minnesota. He went there in 2014 and i went there in 2015.. So that's absolutely nuts, it's missed it.

By a year by one year, man yeah, i didn't even know you were from minnesota until we started the stream, and i just saw someone comment that he was you were from minnesota, royalton man, that's where i graduated high school yeah, that was wild, crazy stuff, like Yeah, we definitely been in the same track: mates in high school and like it's just crazy, yeah man. So people in here want you to finish on how you started the pool business, oh sure, so, uh, just how i started it. Yeah yeah well yeah, exactly just how everything worked out with the pool business, yeah sure so um started that pool cleaning business. I grew it to uh.

Actually, while i was growing it, i got a part-time job at a moving company and you know that was for 14 15 bucks an hour. I just had that you know to help pay my pay my bills as i was growing the company. You know i needed to make 1000 bucks a month or whatever to get by and uh first month of the pool cleaning business, i got zero clients by the way like it wasn't like straight out of straight out of the gate i was making money. I had to figure out how to get clients.

Eventually i figured that out by like month, three i had maybe 30 or so clients, and that was enough to quit my moving company job focus full-time on the business and really grow that up and um. Maybe i don't remember the exact time frame, but three to five months later um, you know the pool cleaning business probably now had 50 to 60 accounts, which is uh fairly full-time uh. You could you could probably do 50 60 accounts in three days, uh, if you're really working at maybe two and a half days a week and uh at that time. At that point, the owner of the moving company i used to work at who i'd never met before he owned like like four or five locations across the country.

He came into town trying to figure out what exactly he wanted to do with the business, because there was a change in management and it was just tanking really fast. It would never. It wasn't a big company ever but um this new manager - i guess, was just lazy or whatever the reason was uh. He wasn't doing a good job and it was uh unprofitable at the time.

So he came into town trying to figure out what he want to do. Was he going to close it up? Was he going to sell it and uh some of the guys who were working there were like hey? Maybe we should talk to this guy? He used to work here, he's entrepreneurial. Maybe he would want to buy from you or something like that. He owns a pool cleaning business so uh.

I just get a text one day from from this number saying he owns the moving company and he's wondering if i would be interested in buying it from him and straight out of the gate. I'm like this seems weird, like kind of too good to be true. Yeah right right, yeah, you know it just seemed off to me, like my initial reaction was just to like ignore it honestly, and i was really skeptical and uh, and i think he maybe even offered like i'll give you a hundred bucks just to meet me or Something like that, because i think you could tell i was really skeptical, which obviously just makes you more skeptical but uh. That sounds like a guy getting candy out of a van man.

I don't know about that, but i i knew who he was so just a complete. You know stranger, but i don't think it ever came down to that. I i ended up just you know, saying: oh no i'll meet with you or whatever. So i met with him, he talked about the the company and how he wants to sell it um.

I still was like this just seems too good to be true to me. I ended up talking to a few lawyers like doing as much diligence as i possibly could beforehand and i was like okay. I guess this seemed this is legitimate. I don't you know the sales.

You know there's some sales, it's i basically bought it for what's called an asset sale. I just bought it for the price of the trucks, so there wasn't a huge risk on that end, except for the fact that um, it was all my money like i had like, like 17 grand saved up at that point and uh and um. I i had everything i was 19 at the time. Man.

Oh that's, sick! Dude! That's awesome! You know when i was 19, i i was in a much different financial situation than that. I think i had negative twenty thousand dollars. That's that's gold. Go on, though.

Sorry everything i just want to point that out yeah everything i've done has been super early. Like you know, i went to college at 17. I you know moved arizona at 18 started my pool cleaning business at 18. You know, then had the moving company at 19.

um, so i ended up purchasing it november 2015.. So it's been just over five years now that i've owned it um but yeah like i said we we first month five thousand dollars in sales, and i was just like okay. I i literally don't have an option to not be successful with this, because it's all my savings it it's like my everything, so i i have to work so like i mean that that next, like 14 15 months, is, i don't know if it's humanly possible to Like work more hours than i did in that time, i mean i was like going on pretty much every single job i was taking calls. I was doing payroll at night because it was like completely legit.

There wasn't like under the table, paying guys there wasn't like anything like that, so i was doing book like the books myself, like quickbooks myself, like literally everything, we're talking like 16 hours a day every single day for like 15 months or something which i think was Necessary, but in the long run i think actually hurt me because i ended up getting like some stomach ulcers from and just other issues, because you know just just no rest, but luckily that's not a problem anymore. It's all uh all solved, but um yeah, like i said we took it from five thousand dollars in sales at that location to about 78, 000, uh, 14 or 15 months later, and then from there i opened three out of state locations uh one in san diego. Well, i guess the first ones was salt lake city in austin, texas, um, we're gon na open one at a time, but for whatever reason how the timeline worked out. They opened one week apart from each other like two out of state locations and that was absolutely chaotic and then about probably six months later opened the san diego one.

So at this point i mean we were going like gangbusters, you know like 15 or so trucks. 92 employees, i think at its peak uh, that's some straight-up warren buffett, stuff man that dude it was. I feel both like yeah, like i was like just trying to take over the world and and just capture market share, basically um, but eventually i realized. That's not the best strategy for me anyways, you know i was.

I would spend like a month at a time in in austin, and then i'd spend two weeks in in salt lake city, like just marketing talking to people trying to hire people trying to deal with managers just deal with bs uh in san diego. I had like a truck stolen one time and i just spent like five days tracking it down and that's that's a whole story we could get into. But you know it's just chaotic, like sales were just absolutely through the roof. I mean we did like close to two million dollars in sales and, like my i think, my third year of business, how much of that uh? What were your margins like? You don't want me asking yeah, that's a that's the thing so, like my my arizona location, super profitable, you know 20 to 35 percent margin depending on the year, and you know how much yeah there we go reinvestment by out of state locations, probably yeah i mean They were just starting out, you know five to ten percent margins, so they weren't nearly as profitable as, like my my core, my baby and plus they were taking away time from my core and just adding stress but um.

I ended up selling the out-of-state locations and just focusing on my arizona, location and uh. Last year i opened up a storage facility at probably the worst time possible because it was the end of february 2020. right yeah, so that was a slow start yeah. That was a slow start, but by the end of summer it was uh.

It was totally fine and you know worked out and uh. Eventually in that story i started a youtube channel as well. I suppose i don't want to spend too much time. Just oh! No you're good man, there was something you said in your live stream yesterday that i wanted uh kind of wanted you to reiterate it was it was you talking about how i think it was the first one or two years that you started your pool business? You didn't you didn't take a dollar, you reinvested all that money back into the company right yeah that was actually with the uh with the moving company with the right right right.

I actually used the the pool. Cleaning business was much smaller than the moving company. Pretty much always uh, i think, at its peak you know i probably did six or seven thousand dollars in a month which uh, which might sound like a lot but um. You know when you compare it to like i'm always kind of trying to look.

Look for the next step up, you know so, like i had the landscaping company and i would make like you know four grand a month, but it was all profit and it was me doing the work and i had the pool cleaning business and it would make You know six seven grand a month and i would profit. You know three four grand, but i wasn't doing much um and that's what i paid myself with was just the the pool clinic business and then i had the moving company which you know like i said within the first year or so just reinvesting yeah yeah. We were in the high five digits per month and you know 20 30 percent profit um. I just kind of lost my train of thought, oh yeah, so, with the with the the moving company, my goal always was just to grow.

It grow like reinvest every dollar. I possibly could into it and um my strategy was, i actually didn't put any money into uh stocks or anything like that uh actually up until about two years ago, because i figured there's no way i could get a higher return in the stock market than i Could just plowing the money back into my business, so i was completely like. Let me just pour every dollar back into the business and yeah. I didn't take a single cent from the business for at least three years, and even to this day, um besides, like paying for gas in my car, pretty much every dollar has stayed in the in that business.

Just because i'm you know constantly reinvesting and trying to grow it, and now it's at the point where it's pretty much delegated i spend i could be an absentee owner. If i wanted to you know, i could spend 5-10 hours a week on it. If i wanted to and make a reliable you know, 150, 000 or so a year where it sits without any growth. That's incredible man, honestly.

The reason i asked that question is because it reminded me of uh of elon musk. So what was the the company? He worked with before he started up tesla. Do you remember paypal, yeah, so the money that he made from paypal paypal? He didn't keep a penny of it. He used all that to start up uh teslan and honestly.

I read this uh straight from the horse's mouth. He basically said he had to borrow money to pay rent, which is absolutely insane, but it's like that same mindset of uh, even if you've got you know hundreds of millions of dollars, which is you know, it's still applicable here right that pool business. Starting up your your moving business um, he turned those millions of dollars into billions of dollars by reinvesting. So it's like the idea of that compounding effect and putting money back into yourself and letting it letting it work for you in a sense.

So that's uh right! That's i just made me think of that man. I want to point out that similarity not calling elon musk, but i haven't seen you guys in the same room before yeah yeah, i don't know maybe someday. I got you know, 25 years to to get close to his uh, his markers yeah you're gon na get on the joe rogan podcast yeah yeah, that's good yeah. I mean it for you know fortune favors the bold.

I know it's a a reiterated, uh point, but it's definitely true. Every single big leap i've ever made that i did a bunch of research on first has been the best decisions. You know big leaps almost always work out. It seems you know if you build it.

They'll come kind of thing totally man, so i guess a good uh good place to go now would be with your entrepreneurship background. How have you taken that forward with investing so like i being on your channel yesterday, we were chatting on a live stream. I i noticed you've got an incredible background on balance sheets and income statements, which is something that, on my side of the channel you know i focus on a couple different numbers, but you've definitely got that thing down packed. So i think, there's a huge opportunity here to uh just just chat about it honestly and uh.

You know i'd be really open to uh, hear what you have to say and i'm sure everybody else here would too for sure yeah i i should come up with a term for it. You know something like realistic finances or something like that. Because uh i mean you what happens with when you own any kind of business? Is you you build an intuition with the numbers um, you know. Looking i've always been, you know a kind of a numbers guy if you will uh whatever.

That means you know yeah, but uh. You know i would. I read several books when i was very young on how to like read uh. You know read through financial statements um what to look for certain ratios that are good, but i don't think i had a real grasp of what any of that meant.

I think they were just numbers to me until i actually owned a business and then once you own a business, you can you think of these things in a different way, like in an inventory turnover ratio. That meant nothing to me when i was 18 years old reading about it. But now i think about it and i think about stuff just sitting in my warehouse and how i would want that to spin through, and you know what ratios would make more sense and it just builds a more realistic picture. Like yesterday, we were talking about ctrm and you know: there's people who think that they're just going to go and buy 70 vessels next week, because you know because they've bought four or five in the last several weeks.

And i was explaining how you know just just referencing this to my moving company, which is awfully obviously smaller than this national um. You know national carry not honestly not that much smaller compared to their their most recent annual sales, but uh, probably next year, uh it'll be much smaller, but i was saying how you know i could add three or four trucks and change nothing management-wise. But if i were to add 30 trucks, 50 trucks, then i'm going to have to add you know completely new management, yeah right you're not going to be able to run things off spreadsheets anymore. You have to have systems for that you're going to have to have middle managers you're going to have to have a system and process for literally everything, um and everything's gon na have to be streamlined, and all that takes time.

You know we're talking like years um. So you know it's just kind of i guess realistic financing just because i've been there basically, so let's talk a little bit a little bit more about uh ccrm caster marie time. This is something that we talked about over on your channel and i did a lot of the a lot of the blabbering and uh. It's your turn to be the guest today, my man, so i'd like to hear your your potential for growth with ctrm.

What do you think you need to see out of them besides just acquire vessels, because that's obvious right, the more vessels they acquire, the more you know: dry bulk cargo, they're gon na be able to transport across the sea just like a bitcoin mining company right. The more computers they've got the more bitcoin they can mine, but beyond that um. What is it going to take for them to really push out a penny stock realm? Because, personally, that's the stock that i've been presenting to the channel? I think it's got a lot of. You know potential for growth, because i can see the demand for that.

Never really going away right, you're, never gon na be able to transport everything solely by airplane or something across across the ocean. You know so uh, i'm done talking now. It's your turn, you're good to go man well! Well. First off i love simple businesses, um and i get that basically from you know warren buffett.

He loves simple businesses. I think he says he he wants to own a business that a ham sandwich could run and uh. I've never heard that you know yeah, that's gold and so true and that's why i'm always uh very wary of like high-tech biotech things that i just frankly don't understand, because i'm not an expert in those realms, and i don't know you know if something's in a Phase two trial: what are the likelihoods of it getting to phase three? I just i just don't know, but i can understand shipping one thing from point: a to point: b or uh, you know manufacturing some kind of uh, dog, toy or insurance. You know things like that that are more tangible, they're easier to understand.

So that's one thing: i really do like about ctrm that it's a uh, unsexy business and uh. I think those uh typically aren't hyped. You know, like you, don't see, uh, pretty atypical right yeah. Yes, you don't see a garbage company coming up in the finance news very often, but those things are cash cows, for instance, um.

So i really like that. It's a it's a relatively simple business. I don't want to take away from the management or anything like that, because no business is easy to run, but you know yeah, they can add, add vessels and hopefully increase profit. So a couple questions that i would want the answers to as far as ctrm goes is how much revenue do they increase for each additional vessel? How much profit do they increase for each additional vessel and how much um administrative costs increase for each additional vessel? And if those numbers make sense, especially with how much cash they have on hand or avail of available liquidity, it could, potentially, you know, make a lot of sense for the long term, but the fact that it has been hyped on youtube right at things like that.

Always makes me assume that it might be overvalued and maybe there's someone else. You know some competitor that could be a better play uh but yeah. That would be the main questions. I'm looking at how profitable is each additional vessel and is there synergistic costs? Like you know, if you, if i were to buy another moving company, i wouldn't need to hire.

You know. I have three office staff people. If i were to buy another moving company the exact same size, i wouldn't need to hire three more office staff. I'd maybe need to hire one, so the the admin cost to sales ratio actually gets better.

So the question is: does that also work for these vessels? Yeah man shoot that's uh, that's stuff! That honestly, i don't even i mean i think about it. Briefly, in my mind, i think you know they acquire these vessels and because of that, they're gon na be able to be more profitable, but it doesn't really come down to the margins as well and like the spreadsheet side of things because, like you were saying, you Know you got four or five vessels. You know that's different than having 30 or 40 more, which at that point you have to change the entire business plan. Um.

What's really interesting about ctrm to me, sorry for interrupting you, let you go just a sec. Very fine! Um, what's interesting about ctrm is like you were saying: it's not a sexy play, but for whatever reason, this stock is just all that people talk about like it's a stock that i see all over sock, twits and reddit uh. In my discord, people are always talking about it, um, it's it's for whatever reason or another, it's just taking off. You know ever since it was 30 cents right yeah.

I i i get. It mentioned all the time and one thing that i always like to ask too, because i mean i'm sure you get asked: what do you think about x, y and z company every single day i always like to ask: are you trying to hold it short or Long term, because my thoughts on that are completely different, you know long-term ctrm is uh very likely overvalued as of right. Now i don't know exactly because long term, it's gon na be based on their profits. So you know, i don't know the exactly the amount of sales they'd have to increase to to to mark that or to match their market cap right now, uh.

But my guess is probably 40 50 x or something like that, which is very hard to do. For a company um, you know like just a shipper but if you're holding short term and there's all this hype around it, that's a totally different question totally man rock on um. So you asked me about some plays that i was really into here yesterday and i'd be interested to know some stocks that you've got long-term positions in, because i think that you really do focus on those non-sexy plays, and i bet you there's uh, there's some good Ones that people could definitely take some value from, if you wouldn't mind, sharing uh some of the companies really like yeah. Let me pull up uh.

My brokerage account here pretty much so this is kind of funny but uh. I realized this two weeks ago, two weeks ago was the first time i've ever you still there max. I think you cut out probably about that 30 minutes, so max's camera resets after 30 minutes uh we're gon na. Let him get his camera up and rolling again, but uh in the meantime, he will be back here running times.

Are you asking how fast i've run before so i used to run back in the day i had a pretty solid uh i'd say i'd say my thing was probably like the 10k for sure yeah, i know he's frozen. I know he's frozen, i'm gon na get him on the phone here, real, quick and just chat with him, and let him know that he is uh. He is frozen. Oh come on, so we got ta wait for max to get back on here.

I am not entirely sure what just happened the worst time. Well, that looks goofy all right. My apologies guys give me just one second here, i'm gon na try and straighten this out. All right, so max is logging back on his internet cut out.

I know the screen looks goofy. This will not last for very long. I promise you he will be back here all right, yeah. I can hear you we're good we're good sorry about that.

No, it's all good, i'm not sure. What's going on, ironically uh, the wi-fi at my house, i have it named walmart, wi-fi, that's gold, i love it. It's actually good, it sure acted like some uh walmart, wi-fi huh yeah. I guess so.

I'm not sure where i cut out. I thought you cut out. No, i mean uh, i was you just ended up freezing, that's all it was okay. What i was saying is two weeks ago.

I realized that it was the first time i've ever sold a stock like i've literally only buy buttonhole you're uh. Your camera is not filming at the moment there we go so max's camera shuts off after 30 minutes all right. Well, there's the tech issues. For the day there we go now we're cooking with crisco baby.

All right the world doesn't want me to say that line. So i'm just going to move on. I guess so so here's some real long-term positions. I have um, i bought affleck.

Maybe four years ago, uh. That's up sixty percent the one with uh the one with the duck. Yeah, that's sick! All right! It's probably not a bargain anymore, but it was at the time you know 60. In four years i can't complain.

Obviously it's not 100 gains in a day like a lot of people are searching for um berkshire hathaway. Of course, my my uh, my main man, warren buffett - i got to invest in his company um, i'm up 25 percent on that and i'll buy this uh periodically over the last two three years. You know i'll plop in a few thousand dollars here, a few thousand dollars there uh. Whenever the the price to book ratio is um, is floating around one i'll buy some more of it.

Um. Let's see here southwest airlines. This is kind of a more speculative long-term play, but i just like them both a combination of uh i've gotten a lot of free flights for them. So, every time i get a free flight, i have a buddy who's, a flight attendant and he you know i fly non-revs.

Sometimes so, every time i get a free flight i'll just buy the equivalent of a ticket price in their stock, just as kind of a thanks right. So let's talk a little bit about southwest airlines. I'm actually pretty interested in that as a as a recovery play in terms of covet and quarantine. What are your thoughts on how that's going to look in the midterm like the next three to six months? I'll, tell you my opinion, but i want to hear yours.

I always talk. I always talk a good question so uh because of my my good buddy works there. I, i kind of have a little bit more insight that uh on what's going on, but uh one thing i really like about them after this whole covet thing. Obviously, no airlines have fared super well because of that, but they're really capitalizing on it and and for two reasons, so they were just coming down off of the the whole issue with their uh, their 747 max planes.

They had the biggest fleet of those out of anyone, and that was the planes that were grounded because uh, two of them crashed and um, and now that that ban is lifted. So they have the biggest fleet of those that those planes were just sitting there. And now they're available and uh, so a combination of those planes being back and with the pandemic, a lot of air uh airlines have pulled out of certain airports, like maybe they're, they're, less popular airports and what this does at an airport, there's only so much space For so many carriers southwest is just gobbling up new locations like crazy this year, uh because other airlines are pulling out of airports. I don't know the exact number of locations they've added this year, but it's significant and they just keep expanding more and more locations and also they have one of the best um average uh customers per flight ratio.

Like it's something like i don't remember the exact number, but something like 40 higher than american airlines, so each flight they do is much more profitable plus they have less debt than any other airline uh in the industry. So, there's just a lot of reasons i like it. So in the in the medium term i mean it's really hard to say three to six months. I don't know where uh kovitz is going to be at three to six months, but i say two years from now: they're going to be in a really a really golden position.

Definitely man, especially once uh. You know, once coleman and quarantine hit. You just saw those those airlines, the hotel plays anything that you know allows people like the the the cruise ship companies, all of them just got smacked and like if you had bought in like a month after covet hit, i don't think you could have got a Better price on pretty much any of those companies they've got uh such huge opportunity for recovery yeah. I timed it kind of poorly, because i didn't all been there.

I made it yeah. I made a significant investment in january uh and then, of course it dropped by like 45 or something like that. So i added an additional, probably 60 to what i had what i had bought in originally and now i'm up 25 on in the portfolio. So the long run it's okay, yeah man solid, you know uh, it's so hard to time.

The bottom. Sometimes you know i spent a lot of time, looking at charts and i'll i'll think this is. This is the bottom. This is where it should be sitting and uh.

You know i did this with mbis like three or four days ago. I was like, i feel, like it's not gon na drive much lower than this, and then the next day was like a buck and a half lowers, like god, dang it dude it's. So it's it's tough! It's tough! I've ever done another till ray yeah. We had that talk.

We had that talk, man yeah, it's tough. It could be something another uh, another significant investment i have if, if there's anyone here who listens my streams, they're, probably sick of me talking about this, but it's tyson foods um. No, i'm not sick of it say it. I say the same thing: every single video, so the first two minutes is basically watching the same video over and over yeah tyson foods it.

I would love for someone to find a reason not to invest in tyson foods, because i just can't find it. You know i want someone to tell me why i'm wrong here, but i just don't see it in the numbers in the market cap, but it just doesn't doesn't make sense to me yeah man. We were talking about that on your uh on your stream yesterday, and i was actually like surprised that i haven't seen people talk about it. Maybe it's just because it's not one of those sexy plays that you know, has potential for 100 run in a month or two months or whatever, but i mean everything about.

It looks pretty slim uh, slam dunk, you might as well talk about it here, a little bit yeah. So tyson foods is one of the like the only industry giants. You know multi-billion dollar uh industry. You know holders that that hasn't really recovered from covid they're.

Still down like 30, some percent since the beginning of covid and their sales aren't really down the only kind of ding to uh to tyson. Is they had a bunch of additional capital expenditures just to to keep workers safe at their plants because they have these massive? Like like multi-thousand person, uh plants, that you know, workers are right next to each other, so obviously there were some issues there. In the beginning of the pandemic, they did have some workers get sick, which obviously is a big ding in the media um. But ultimately, okay - and you know they - they spend like hundreds of millions of dollars to help prevent that in the long run and uh.

They also saw a ding because there was like some manager who had uh, who, like bet with another employee, which one of the workers would get kovid first, which, if you think of this, from a perspective of just like a dude yeah it does. It doesn't seem that seems to me just like a dude thing totally. Obviously, obviously, it's a bad look, but it actually really hurt their stock price and i think, like you know my employees, my employees probably did that you know yeah right. I mean we do that in the army for sure, without a doubt, yeah i'm sure it sure was just like a joking like oh, that guy's kind of reckless.

I bet he'll get cope, but you know that's just my opinion on it, but that that hurt their stock price significantly and that's honestly, the kind of thing i'm looking for in the news you know as a long-term investor, you almost want one of those things to Come up every once in a while, because you're getting the company under valued big time, they're getting a little bargain exactly that, doesn't that's not going to decrease their revenue? If it does, you know it's not going to do anything significant, their fundamentals will stay the same, but uh yeah they're. They they they service, something like 20 to 30 percent of pork, chicken and beef in the country and like 40 or 50 of all restaurants. So it's also recovery play once the restaurants open back up they're, not gon na change meat suppliers just randomly there's gon na you know, go back to the suppliers that they're using and uh they're gon na blow blow up once um. You know those once uh, the restaurants are back open and a good thing too.

Their sales haven't really gone down because of the pandemic, because, instead of going to restaurants, people are still eating, probably eating more than ever right at home, so they just spun some of their facilities from producing products for restaurants to just producing more for for uh, grocery Stores, so their sales haven't really changed a whole lot on that. On that front, i kind of wanted to touch on um one thing that you had just been talking about, which is those hit pieces that come out on companies. I think a lot of people - and i find this very interesting it'd - be interesting to hear your opinion uh. I think i already obviously know it, but just to just touch on it more is some people really freak out when you get hit pieces that come out on companies.

So, like one thing that comes to my mind, right now is fuel cell ticker, symbol. Fcel. That's a company that i've i've been in in and out of a couple times here. You know i got him back on this about seven bucks and i took some profits on.

It was at 25 and it hit 20 for the first time, and this hit piece comes out, um, saying: hey guys, you need to sell out of this stock. It's garbage it's gon na hit 10 and uh. Within two days. It gave back like 50 percent of its run uh over a two week period of time, and some people freak out like i'll get people that'll message me and be like man is it over, like is people sell a dead cat? Is this a? This? Is a dead cat? I love saying it's not a dead cat man.

That's like that's, like that's my slogan now but um. You know i always like telling people that those are blips, like those those hit pieces or when you've got direct offerings or when you've got those issues that come up with companies right if it doesn't change the fundamental value of the company right so like microvision, for Instance, there are so many people that short that company and there's there's so many hit pieces. That'll come out saying this is garbage. This is a 10 cent stock.

It doesn't deserve to be 20 right, but if you've got like like, i was saying the conviction in the company, you know i've already been. I've already been rambling. You know where i'm going with this i'd be interested to hear your take on uh. On those news.

Articles and like how do you sift through what's important and what's not yeah, that's a good question um and also i i kind of wonder the real question might be uh, not so much. What's what's important to you and what's not it's what's so what's important to the general public, what's going to make the general public scared, because i probably have a higher tolerance for you know some some uh article about you know like i said the betting pool at A tyson plant where i just see that i'm like that's, not a big deal but the overall mic market might say. Oh, that's a huge deal because, whatever whatever reason, because the stock price goes where investors think other people are going to think it's going to go, there's like it's like one step back, yeah yeah yeah, it's one step back um to me! It's it's all about! Just doing that diligence up front, you know if you, if you know it's a good company and then a hit piece comes out. You're gon na be like this is still a good company time to buy.

That's right, money. Man, that's my opinion. Dude people are liking. You i've seen people calling you jesus.

I hope you dig that that's good yeah. We get uh stock, jesus stonk, jesus stimulus, jesus give me jesus. I love it. I'm just gon na read off a couple of these super chats just to recognize people that uh that donated uh.

Thank you to. I have a bot, maria and john. They all three said: uh they're digging. This live stream, um, desert, maid and essential hard worker are both asking about ctrm.

So the first question here is: what is this price targeting on ccrm? How long are you holding and then the second one is what is going on with ctrm robinhood? Wouldn't let me purchase more shares on friday. They said not enough available. What does this mean for next week? Price and your price swing trade opinion, so i could probably answer that. Second, one um, if you want to, if you want to give your uh, you know analysis in some way on whether you think ctrm is going to be going in terms of price.

As i mentioned, people are very interested in that stock. I don't short-term yeah. I think there's a lot of hype around it. Um i mean.

Maybe you'd you'd, probably be a better, a better person to ask about short-term uh. You know using the the fibonacci sequence and see you know where exactly that's right and what kind of run it has to go in the short run, because i mean in the short run i might as well flip a coin and uh. That's true. Yes, as far as as far as my knowledge goes, i think in the long run, um ultimately we'll we'll see it go down to a more down-to-earth pde, but the the management will probably increase sales, so you know it'll meet somewhere somewhere in the middle.

I think in the short run, there's i mean there's a lot of hype around it, so this might be the next one that really pops, because i've just seen hearing hearing more and more about it every week it seems yeah. Definitely man, i mean it's, it's crazy. How much it's grown? It's gone from! Uh i've been talking about it on the channel, since it was 30 cents, and we saw it hit just about two dollars for the first time ever, which is absolutely insane um. Honestly, given price targets on on hype, stocks per se can be really hard because you can't predict how much volume and volatility is going to come into the stock.

Like there'll be some days where, where ctrm will see, you know maybe uh, i don't know 100 million in volume, but then there'll be another day following that has 800 million volume. How can you predict that happens? You know it's. It's so hard right, whereas like when you're looking at something like microvision right, microvision's volume is pretty much consistent day over day over day. So i can look at that with a technical analysis perspective and be like just based on what we've seen in trends right uh.

We can say that's where it's going to likely go, that's what it's going to pull back to. This is where the potential is, but, like those those stocks are so volatile and hard to move right. It's just tough. It's tough! I think that in the short term it can move pretty fast, though no you're good go ahead.

I can say when we were looking at it yesterday. We noticed the correlation of the the news of them purchasing vessels and the stock price. Obviously, it's going to go up when there's good news, but uh. What we saw is the the price went up like 80 90 percent every time they had that announcement and then dropped about 50 percent.

So if you're the first to see that announcement, you could probably expect some some kind of run-up, maybe not 89. Every time and uh just be cognizant that you know you're going to see a run-up and and then maybe a 50 decline on that run-up um. It seemed that's happened three four times or something like that. I think it's happening more than that man, it's uh, it's crazy and they've been buying vessels like you would not believe up the wazoo man.

It's uh, i feel like every single week, they're buying one or two, which is a lot, because i've been tracking those guys for a while and they've just really been picking it up, um, which is surprising because i don't think they've done that many direct offerings. So i don't feel like they're raising that much money, yeah um they they could be selling corporate stock. That could be a two and getting getting some cash getting some cash from that. Obviously that's limited uh dilutes their ownerships.

You only want to do so. Much of that right, um, but you know they they might be smarter than than us and uh be doing that knowing that all right, eventually, this price is going to come back down to earth and we just buy those shares back at at 25 or whatever right. Man, so the other question about ccrm. I can answer this unless you want to add anything to it max it's uh.

What is going on with ctrm robinhood would let me purchase more shares on friday. They said not enough available, so my two cents for that is um if the the float that is available on ccrm, meaning that the amount of shares that are available for trading is too low and your order is too high, they might not execute your trade. So i have seen you know: screenshots for certain stocks, like i've seen with ccrm, i've seen it with uh amc, where people won't be able to to go long or short on the stock, because there's not enough available shares to trade and my conclusion on that is Because ctrm's short utilization rate is 100, or at least it was a couple of days ago, meaning it's a very heavily shorted stock, so um the amount of available shares for trading is just not very high, so that makes it uh. You know pretty subject to volatility.

The volatility is going to help drive that price value um. You know either up or down. It goes both ways. Sadly, but if you get buyers that step in man um that's gon na, that's really gon na be pretty violent, pretty violent movement yeah sure that makes me wonder how how we're not seeing the price go up 500, or something like that.

If there's all this buying pressure, it makes me think, there's another factor in play or something man you you're starting to open up a bag of wax that you don't. I don't know if you want to open up man. Some people call me a conspiracy, theorist but um. I think, there's a lot of stuff that happens behind the scenes.

I mean you watched that that nine hour stream with uh with vlad, oh my gosh, dude, there's so much sketchy stuff. That happens. It's it's insane right. I don't see any reason why an order should be declined because of lack of available float to me.

It should just sit at the the clearinghouse until there's enough shares that were sold. I don't i mean, obviously i'm not 100 on the inner workings, but it doesn't make sense to me why that would happen. It's uh. It doesn't make sense.

Man, i mean honestly, i think, you're, going to see quite a few lawsuits coming up from some of the stuff. That's been happening over the last month. I mean we've already seen. Some of them start to really form, i'm pretty sure.

Robin hood's got quite a few different uh. You know situations on their hands um, and this this is definitely gon na keep adding to the case. For sure i mean i've talked about it before. I'm sure you already heard but um my fidelity account.

I think robin hood did this 2 212 did this as well. I had people tweeting at me saying that they just ended up liquidating because they didn't have collateral, which is just like absurd to me. You know what i mean how's, that possible how's that possible, because those guys should have teams like legal teams who manage risk. Let's say you know, based on worst case scenario.

If if this stock gets really volatile, we get this much volume. We need to have this much cash on the side right, so we can make these orders get filled and that just blows my mind. They were not. You know what i mean: it's mind-blowing yeah, so uh when you had it liquidated.

How long was it in your in your account before it was liquidated? Was it under like that two-day clearinghouse period, so i was holding those those stocks for it would have been like 15 hours and i wasn't trading that on on margin or or leverage that was a cash position. So that's what's incredibly strange about that and i was not the only person that happened to like when i, when i tweeted about that afterwards, i had like 15 20 people that were messaging me and saying uh dude i had my fidelity account liquidated at the exact Same time, there was like 11 24 a.m or something like that at the lowest point of the day. So to me, it was like fidelity and robin hood trying to manage risk and save money for themselves. You know what i mean.


By Trey

20 thoughts on “Stock talk with entrepreneur max maher! treyder’s podcast ep 26”
  1. Avataaar/Circle Created with python_avatars Landon Jaclyn says:

    Fantastic video 📉😎Looking at the bullish moves top crypto assets has been having since last year, I'd call it a very big win for hodlers of btc. Though 2021 is set for much bigger gains as predicted by analysts, personally holding is still a very odd way of making gains which isn't really my thing, considering the Dynamics and low bucks one gains within the time. I prefer trading assets which has provided me a far bigger pay gain than I initially imagined, although am still far from being an expert trader. Trading is serious business that is both technical and demanding, major reason I just employ the use of signals from trade expert Jayson Brian, I will admit his signals and trade guide has been top notch and core to my trading successes, trading experience and good mastery of the market really sets him apart from other pro trader. He can be reached on Telegram (jayson_trade7) and WhatsApp (+18053034263) for all crypto related inquiries…

  2. Avataaar/Circle Created with python_avatars steven gower says:

    🥞🥞🥞

  3. Avataaar/Circle Created with python_avatars Hulk Hagrid says:

    Looks like Jesus, doesn’t sell stocks. This cats trying to start a cult. Lmao

  4. Avataaar/Circle Created with python_avatars George Wrinklenuts says:

    What’s up brother. #1 fan here, Could you please look up ZSAN IM setting on. just wanted to see what your DD CRAZY

  5. Avataaar/Circle Created with python_avatars Scott Andrew says:

    Trey: "I swear, i'm not on coke!!"
    Also Trey: "Hold on a sec while I get my coke"

    pulls out a soda pop (or is it?) 😉 😀

  6. Avataaar/Circle Created with python_avatars Subotai says:

    Very safe stocks for a person his age.

  7. Avataaar/Circle Created with python_avatars Scott Andrew says:

    Trey, just found out about you a few days ago! Love the exchange of energy between you and Max. And I really admire how you haven't let your health issues stop you from pursuing your passions.

    P.S. I grew up in Fargo/Moorhead. Team Midwest!!

  8. Avataaar/Circle Created with python_avatars Multi Meter says:

    Bro I'll see you at fort sill next year.

  9. Avataaar/Circle Created with python_avatars Matt Herring says:

    Fake it til you make it 😂 At least you two aren’t pretending to be pro traders.

  10. Avataaar/Circle Created with python_avatars Zack Shea says:

    Extremely interesting thanks man

  11. Avataaar/Circle Created with python_avatars Jacob Khodabakhsh says:

    The Max profits.

  12. Avataaar/Circle Created with python_avatars Scott Osborn says:

    Come on Max! Family friendly show here…..

  13. Avataaar/Circle Created with python_avatars Chris A says:

    Any thoughts on FRX?

  14. Avataaar/Circle Created with python_avatars Brandon Triplett says:

    Aye man I wanted to come on here and just congratulate you. It seems just like yesterday you was under 10k subs. The amount of growth you have had in last couple of months is just crazy man and you absolutely deserve it. Keep changing lives my dude. Nothing but love.

  15. Avataaar/Circle Created with python_avatars Bezzio Polish Guy says:

    Trey about the Robinhood spike in users. It was most likely that at the time most people wanted to join because they heard about the stocks rather than actions by the brokerage apps. Since at the time Robinhood was known as the biggest and most retaile friendly. During a hearing I saw some news that 47 or 57 users of Robinhood want to leave the app. So most likely people who sign up didn't know exact situation and only reading more they changed their minds. Also sorry for my English since i'm Polish

  16. Avataaar/Circle Created with python_avatars William Elworthy says:

    Hey trey can you hit me up via insta @willelworthy I wana talk with you about amc and get your input on something I’ve been working on. More eyes and input the better
    Thanks hope to hear from you soon

  17. Avataaar/Circle Created with python_avatars Hola! Jon O'Neil says:

    These 2 are epic max and trey are the first 2 stock channels I've followed

  18. Avataaar/Circle Created with python_avatars FBG Swazee says:

    You are a legend Trey thanks for all you do my boy , I've learned and earned a lot from this channel in the short amount of time I've been tuned in

  19. Avataaar/Circle Created with python_avatars Michael Invest & tries to make make money says:

    Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

  20. Avataaar/Circle Created with python_avatars Timothy Lacey says:

    I wish I didn't miss the live. Thanks for this.

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