We’re just one month away from Election Day 2024, with ballots going out and early voting already taking place in some states.
If you’re not already paying attention, it’s time.
After watching the Vice Presidential debate last week, I thought of the famous opening of the TV series, “The Paper Chase,” in which the imperious Professor Kingsfield says to his students, “You come in here with a skull full of mush … and you leave thinking like a lawyer.”
It struck me that Tim Walz and J.D. Vance were the perfect illustration of that before-and-after scenario.
You know it was a (pardon the term) bloodbath when even CNN admitted that Vance won the debate.
Here’s how CNN’s Scott Jennings put it:
“…All I could think of was — man, Walz is so in over his head. I mean, can you imagine this guy sitting in the White House Situation Room with that facial expression that’s like 50% sheer terror and 50% extreme bafflement? I mean, it was amazing the split-screen difference between a competent Vance and a totally in over his head, Walz.”
VP debates usually don’t move the needle much, but in a close race, Vance might have surprised a lot of voters who only know him as the scary straw man image the media has tried to create.
Voters who like Trump’s policies but are concerned about his temperament might be reassured to see what an impressive second-in-command he’s chosen.
He also laid strong groundwork for his own presidential run in 2028 or later. He’s young enough to be a force in politics for a long time to come.
Now, there is another big event coming up this week that I’ll be watching as an American investor.
And that’s Charles Mizrahi’s “Pre-Market Stocks.”
He shared details about this new opportunity with us last week. But you can see more about “free” shares below.
And I’ll see you at his event later this week! According to Charles, he’ll be releasing details about his top 3 stock recommendations. I can’t wait.
Director, Prosperity Research
This Spinoff Rear-Ended the Used Car Market
“Honest and ethical.”
You don’t hear those words often when talking about used-car salespeople.
If you’ve tried to buy a used car, you know what I’m talking about.
You know you’ll be outsmarted and taken to the cleaners.
And then, there’s the price haggling. Oy vey!
I’d rather have a root canal without anesthesia than negotiate with a used-car salesperson.
That was the challenge that two retail electronic executives wanted to tackle.
In 1991, they came up with a new way to sell used cars.
They wanted to create a buying experience that was pleasant and enjoyable.
That’s when Richard Sharp and W. Austin Ligon came up with the idea for CarMax…
To the Test
At the time, Sharp and Ligon worked at electronics retailer Circuit City.
It took them two years to fine-tune their concept.
They based their strategy around Circuit City’s — centered on a wide selection of high-demand merchandise and customer service.
They had to have an unbeatable, no-haggle customer experience.
In 1993, they put their idea to the test.
The first CarMax store opened in Richmond, Virginia.
Their approach quickly caught on. Their no-haggle policy was a refreshing change of pace.
On its 10th anniversary in 2001, CarMax netted $46 million in profit. The following year, it posted nearly $91 million.
And that’s when Circuit City executives decided to increase shareholder value…
Claiming the Spotlight
Real Talk: Wall Street was underpricing CarMax since it was buried in Circuit City.
And CEO Alan McCollough said a spinoff would “enable the investment community to analyze each business on its own merits.”
So, on October 1, 2002, Circuit City spun off CarMax.
CarMax would begin operating as an independent company.
And shareholders of Circuit City woke up to find shares of CarMax in their brokerage accounts…
Since then, CarMax’s share price has soared more than 849%.
It now has 203 stores across the U.S. and is the second-largest player in the used car market.
It was a different reason from management than McDonald’s’ spinoff of Chipotle.
But the effect for investors was the same…
Coming Soon
Those who got in before the spinoff would’ve seen outstanding gains.
You can see how spinoffs can give early investors a huge advantage.
And that’s why I constantly keep a lookout for upcoming spinoff opportunities.
In fact, I recently came across a company that’s announced its own upcoming spinoff.
The exact date hasn’t been set yet. And that gives investors like you the chance to get shares before they hit the market — essentially, you get them without paying one penny extra..”
I put together all my research on how you can take advantage of this opportunity in a special video that we’ll be releasing soon.
I’ll send you an email with all the details as soon as it’s ready.
Regards,
Charles Mizrahi
Founder, Alpha Investor
