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On this blog, I write a lot about my stock market winners. Mostly because this year has led to a lot of my stocks increasing in value tremendously like Meta and SoFi. Unfortunately, I, like all investors, do have some stocks that just haven’t worked out at all. I’m not saying they won’t in the future, but these are positions that I am down on significantly.

1. AST Spacemobile Inc. (Ticker: ASTS)

I bought this stock when I first became serious about investing. I didn’t know much at all about stocks at the time, and I definitely paid for that lack of knowledge. I didn’t know about valuations at the time. Worst of all, I didn’t know about share dilution. All I knew was that ASTS was building something really cool. They’re building a cellular broadband network. This is expensive though, and they are losing a lot of money. To handle this, they’re having to issue a lot more shares to raise a lot more money. This position may end up making me money in the future, but it definitely hasn’t so far.

2. Funko Inc. (Ticker: FNKO)

I bought this stock because I thought it was undervalued. I thought it would increase in value dramatically. I was actually right about this. Shortly after buying this stock, my shares rapidly increased. Unfortunately, I got greedy, and they crashed back down just as quickly. This stock taught me a valuable lesson: don’t be greedy. There’s a great saying: Bulls make money. Bears make money. Pigs get slaughtered.

3. Bumble Inc. (BMBL)

This stock was also an early investing mistake of mine. I bought this stock the day it IPOd. I was a new investor, and again, I didn’t know how to value a stock. If I knew what I know now, I would have ran from this stock as fast as possible. Fortunately, I sold this stock before I lost too much money. Interestingly, I actually recently bought this stock again. The stock is down dramatically since IPO, and I now think its numbers are pretty great. I don’t plan to hold the stock long though. Hopefully, I don’t regret this stock again. I did learn a valuable lesson from this though: stay away from IPOs.

While these stocks have lost me money, I’m confident the lessons they taught me will make me so much more.

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I’ve always considered land to be an interesting investment. There’s only so much land in the world, and the scarcity around it creates value. Land is also something that people need. There’s huge demand for it. That demand plus scarcity creates an asset that I believe will always trade up over a long period of time. With that in mind, the question is, how do I get as much land as possible?

I’ve often had the idea of creating a holding company for land. I would probably call it The CWT Land Company as all the companies I have created, minus one, has had the CWT name attached to it (I’m not very creative with names). This is not a revolutionary idea. Other land holding companies exist. Many of these companies are also publicly traded as well. Even with the idea not being revolutionary, I believe that it is a great one. Here’s how it works:

Step one is obviously taking out a loan and buying land. The important thing is that that land produces revenue. What I have seen most land holding companies do to achieve this is buying farmland. They can make money off of the land by leasing the land out to farmers. That’s a good way to do it, but it isn’t the only way. One could also do camper and boat storage on the land. They could also lease it out to cell phone towers. The genius part is that it doesn’t even have to make a profit. It just has to cover the expenses of owning the land and the payments on the land. That way the land is being paid for by the revenue from the land.

Step two is getting more land. One could take out a loan on the land that they own and buy more land with it. Then they would have to set something up on that land to produce revenue to pay for the new piece of land as well. I would like to do this until I could buy a piece of land big enough to create a campground as that would pay for the land and probably be pretty profitable as well.

Step three is getting investors. Once one has enough land under the company, they can sell shares of the business to investors. They can then use that money to buy even more land! The part of this step I find interesting is the premium one can raise money at for this. I’m curious to find the number out for this. One would need to raise money at a valuation higher than the value of the land that they own, and they could do this through the revenue the land is producing.

Step four is similar to step three. Step four is taking the company public. This would be a good idea as one could raise a lot more money and start growing very quickly. It would also give me the ability to get liquidity without selling the land. I could sell part of the shares in the business without the business having to sell any land.

This is an idea that I very much would like to do. I would love to take a land holding company public under the CWT name.

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Bumble’s founder and CEO Whitney Wolfe Hurd is stepping down from her role as the stock has fallen dramatically since its IPO. Bumble was a pretty interesting IPO to me. Pretty much every dating app in existence is owned by the company Match Group, except for Bumble. The fact that Bumble was able to get big enough to IPO in the first place while being up against a huge monopoly is impressive to begin with. However, the stock is down 80% since then, so the real question is, is the stock a buy at these lower prices?

At time of writing, Bumble now trades at $13.81 a share. This gives them a market cap of $2.52 billion. Looking at the company’s previous numbers, in 2022, the company brought in $903.5 million in revenue but actually lost $114.12 million. The year before, they brought in $760.91 million in revenue and profited $281.74 million. I like that the company is increasing their revenue year-over-year. One probably noticed that they went from turning a profit one year to losing money the next, but I am not too concerned about that as they are growing pretty quickly.

The company currently has a price/sales ratio of 1.77. I would personally consider that to be on the higher side of a good p/s ratio. The company has a price/book (price divided by book value of the company) ratio of 1.07 which is actually a lot better than what I was expecting. Bumble does have debt. They have $621.93 million in total debt. The company does have a current ratio (how able a company is to pay off short-term loans due within a year) of 2.97. In most cases, people look for a current ratio to be between 1.5-3 which Bumble has.

I didn’t expect to like this stock, but it’s numbers, to me, seem pretty good. The company is definitely a little overvalued, but the numbers imply that this stock could be a buy.

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