AMC was trading near $566 a few years ago....now trades at $4.
Gamestop was trading at $81 a few years ago...now trades at $21.
BBBY traded at $16 a few years ago...now its gone.
DJT was trading as high as $79 this year....but where should it be trading? I believe @rforno's $0.15 would be fair value.
DJT belongs in the meme pile.

Down 10% today and now $12.15 in today's AH trading..... it's still $12 over-valued, imho.
For context, today's volume was ~19.2m shares, the average is ~9m.

Up 110% since this post. Could this thread predict future price movement?

Found on reddit. Enjoy. :)

It's OLD news.
The insurance industry uses 3rd party services from Infosys/McCamish and it had a breach. But companies have been tight lipped about it and the news is coming out like cockroaches. Those that have admitted so far are T Rowe Price/TROW, NY Life, Principal Life Insurance Co., Prudential Insurance Co. of America, Oceanview Life and Annuity Co., TIAA, Fidelity, etc.

On the health side of breaches, you can add Change Healthcare. I'd never heard of them, but I received a long notice in the mail a week ago (dated Sept 23). Like McCamish, they seem to be tight lipped about their industry customers.
In a sense this is old news as well. While Change Healthcare is just now getting around to obliquely notifying end users, it was forced to notify HHS months ago about its HIPAA breaches. HHS put out this lengthy notice in July.
https://www.hhs.gov/hipaa/for-professionals/special-topics/change-healthcare-cybersecurity-incident-frequently-asked-questions/index.html
Change Healthcare is a subsidiary of Optum, which is the administrative/technology services arm of UnitedHealthcare Group (UNH). The other arm is the more familiar health insurer United Healthcare. Optum's reach goes way beyond United Healthcare.

Notice of Data Breach
We are sorry to tell you about a privacy event. This letter is from Change Healthcare ("CHC"). We work with many doctors, health insurance plans, and other health companies to help provide health services or benefits. This event may have involved your data.
What happened?
On February 21, 2024, CHC found activity in our computer systems that happened without our permission. We quickly took steps to stop that activity. We [did x, y, and z after the horse had left the barn].
On March 7, 2024, we learned a cybercriminal was able to see and take copies of some data in our computer system. This happened between February 17, 2024 and February 20, 2024. ...
What information was involved?
We have told our business customers about this event. Starting on June 20, 2024 we began notifying our business customers ... We encourage you to remain vigilant ... The data that may have been seen and taken includes contact information (such as name, address, DOB, phone #, and email) plus one or more of the following:

• Health insurance data (such as ... ID numbers ...)
  
• Health data (such as medical record numbers, doctors, diagnoses, medicines, test results, images, care, and treatment)
  
• Billing, insurance claims and payment data (such as ... account numbers, billing codes, payment cards, financial and banking ...)
  
• Other personal data (such as SSN, driver's license ...)

...
Why did this happen?
A cybercriminal accessed our computer system without our permission.

No, that's only what happened. Why it happened is, as others have said, that this company did a cost benefit analysis. It decided that it was cheaper not to put in dollars to train people on best practices (I agree with @rforno that this is the biggest hole) and tighter security and instead pay the petty fines (if any) assessed for this negligence.

Some reported breaches have involved not using encryptions for personal and login info, employees falling for spoofing. This is inexcusable in this day and age.
In fact, many banks and card co now warn that if you fall for spoofing, your losses may not be covered.
But companies will spend big money on cybersecurity when they know that there may be penalties. Otherwise, a breach happens and then they just arrange for 1-2 years of free credit monitoring.
BTW, the Fed and FDIC are warning and monitoring banks on cybersecurity issues.

I think the article correctly alludes to the AUM game being played by the mutual fund industry vs interval fund industry as the reason for the difference in marks. Too much manager discretion in marks makes timing / luck a big factor in trading these funds, causing frustration to some retail fund traders.
Edit: The article also correctly predicted additional negative adjustments to NAV for CBYYX (-0.6%) and EMPIX (-0.10%). While SHRIX closed 2.72% higher today. EMPIX was even, CBYYX and SHRIX are -1+% related to Milton. Given the larger SHRIX is marking back up, I am guessing the worse of negative marks for Milton could be behind us.
Did anyone here put their toe back into these today?
This article implies Milton's impact on Cat Bonds is not yet clear and that "Greater clarity may emerge next week." https://www.artemis.bm/news/hurricane-milton-estimated-principal-loss-cat-bond-market-twelve-capital/

With so many breaches, if a co did not have a breach, it should really feels left out / unimportant. What is the reason for cybersecurity firms or HACK to exist?
Do only companies that have top trade secrets or companies with social security numbers get hacked?
I notice defense industry and social media companies (or MAG 6) do not seem to get hacked - goes towards YBB point about cybersecurity practices.

Defense industry must comply with DOD cybersecurity requirements in many ways. Plus they have very deep pockets to pay for staff/tools to do the job. And, most if not all DOD contractors don't have 'public facing' systems for business transactions -- other than their informational webpages that don't really tie to anything 'critical.' Anything sensitive is more than likely compartmentalized and not touching any network that touches the outside world.
The MAG 6 also have deep pockets to pay for security staff/tools and are therefore much better positioned than most government agencies and commercial sites of all sizes.
After 30 years in this industry I can tell you the vast majority of cybersecurity incidents are the result of not following best practices that we've preached for DECADES. Sure, there are always new vulnerabilities and such, but even then many times the effects of those can be mitigated if we're just doing good cyber-101 type activities. (don't get me started on this......)

Anytime you make a trade, once a month or once a year, you are a trader, and it doesn't matter if it's 10% or 30%.
After years of trading every 4-6 months, I found out that trading based on current market conditions gives me the best risk/reward. It's the only way to avoid the big losses. Intuition and experience play a huge part of it.

Might post might have been misleading so, just to be clear, paragraph one is Leuthold and paragraph two is the rest of what spewed from my monitor at about the same time.
90% of Leuthold's output are statistical analyses and 10% are portfolio commentary. They've got an interested project, for example, on quality factor investing and the funds that seem to excel at it.

Why is the response to customers to offer credit monitoring after the breach?
How about offering it prior, as part of the customer relationship?
One of my CU banks does just that.

Identity theft is a billion dollar business for thieves and a billion dollar loss for the rest of us. In fact, it is the most common type of consumer fraud complaint made by Americans. According to the FTC, cleaning up the mess after an identity theft has occurred costs the average consumer approximately $1,000.
To provide our Members with additional account safeguards, iTHINK Financial includes a comprehensive Identity Theft Protection Program and Credit Monitoring Service with our myChoice Checking account at no additional cost.*

IBM SECU became IThink Financial
https://ithinkfi.org/personal/services/credit-monitoring-and-identity-theft-protection

There is a larger entity ENDI, also run by DS, that includes CrossingBridge as an important component. ENDI is still tiny as far as the asset managers go.
Yahoo Finance, ENDI https://finance.yahoo.com/quote/ENDI/
Website https://www.endicorp.com/
Edgar/SEC 10-K, ENDI https://www.sec.gov/ix?doc=/Archives/edgar/data/1908984/000149315224012465/form10-k.htm
"ITEM 1. BUSINESS
Overview
During the year ended December 31, 2023, ENDI Corp. operated through the following four reportable segments:
● CrossingBridge Operations - this segment includes revenue and expenses derived from the Company’s investment advisory and sub-advisory services offered through various SEC registered mutual funds and an exchange-traded fund (“ETF”) through CrossingBridge Advisors, LLC;
● Willow Oak Operations - this segment includes revenue and expenses derived from the Company’s various joint ventures, service offerings, and initiatives undertaken in the asset management industry through Willow Oak Asset Management, LLC and its subsidiaries;
● Internet Operations - this segment includes revenue and expenses related to the Company’s sale of internet access, e-mail and hosting, storage, and other ancillary services through Sitestar.net, Inc.; and
● Other Operations - this segment includes any revenue and expenses from the Company’s nonrecurring or one-time strategic funding or similar activity that is not considered to be one of the Company’s primary lines of business, and any revenue or expenses derived from the Company’s corporate office operations, as well as expenses related to public company reporting, the oversight of subsidiaries, and other items that affect the overall Company."

It's OLD news.
The insurance industry uses 3rd party services from Infosys/McCamish and it had a breach. But companies have been tight lipped about it and the news is coming out like cockroaches. Those that have admitted so far are T Rowe Price/TROW, NY Life, Principal Life Insurance Co., Prudential Insurance Co. of America, Oceanview Life and Annuity Co., TIAA, Fidelity, etc.
Recently, I learned that even health insurers were affected, not just life insurers.
https://www.mutualfundobserver.com/discuss/discussion/61692/tiaa-outage
https://www.mutualfundobserver.com/discuss/discussion/62710/data-breaches-at-t-rowe-price-ny-life

@Charles, CBRDX is duplicative of RSIIX. Now CB manages RSIIX entirely. They do not need two funds for the same strategy.
Now, I see the difficulty in merging them is the ER. The higher AUM RSIIX is at 0.98% while CBRDX is at 0.91%.

Yep, on AUM.
Hmmm, just a guess ... 0.91% * $40.7M = $370,370 per year.
Not bad!

Milton losses must be lower than previously anticipated - amazing that these guys already know the severity of losses.

But somehow I see Insurance premiums escalating.
We live in a time where community bucket brigade have been replaced with private buckets of profits.

To combat a fire, “bucket brigades” were commonly organized and consisted of two lines of people stretching from the town well or water source to the fire. They passed buckets of water to the fire, where the water was literally thrown from the bucket onto the flames. The empty buckets were passed back by an adjacent line of people to the well to be refilled. Even though this means of fighting fire was rudimentary at best, it was at least a minimal level of fire protection. A fire could quickly spread completely devastating a community, burning out homes and businesses alike. In the early days before fire companies were formed, a fire event was an all citizens emergency. In many cases, women and children filled in on the bucket brigade line helping pass the empty buckets back to the water source.

https://ffam.org/2021/11/20/the-fire-bucket-a-part-of-fire-service-history/

Milton losses must be lower than previously anticipated - amazing that these guys already know the severity of losses.
SHRIX is up 2.3% and EMPIX is up 1%. For this week, I am guessing EMPIX is unchanged and SHRIX is down 3-4%. But all three could print positive marks again tomorrow. and SHRIX might make up more of the lost ground.

DJT UP over 17% today !!! I don't own any !

"If one is buying anything other than a passive index, one is a trader regardless of whether your average hold period is 3 months or 3 years or 30 years. You are inherently betting that your pick will perform better than an index from an absolute return OR SWAN perspective."
I respectfully disagree. Active fund vs. passive index fund perfomance does not signify whether or not
someone is a trader. If an investor continuously holds the same active funds for 10 years as an example,
I would not consider him/her to be a trader.

Here's similar report on AlphaCentric ...

Six funds. Zero Great Owls. Two Three Alarm funds.
Only two of six have beaten their peers since launch.
Total AUM = $0.6B.
Average er, oldest share class = 1.63%.
Average er, all share class = 2.05%.
Max er, 3.02%.
Min er, 1.40%.
Each fund has three share classes.
12 of 18 have 12b-1 fees as high as 1.00%.
6 of 18 have front loads as high as 5.75%.
With fees like these, it's not hard to understand why this family underperforms.
How will CrossingBridge fare in this environment?