Author Topic: What are you buying today?  (Read 1176643 times)

DooDiligence

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Re: What are you buying today?
« Reply #3640 on: Today at 04:44:50 AM »
Spekulatius,

It's just a part of my eternal hunt for interesting stuff to study, where I'm searching for stuff on this side of the Atlantic Ocean. I think I know the European investment holding companies that I already own well enough now, after having owned them for quite some years now, to take on to expand the sphere of companies that I know about. Trackers keep my interest up, if I catch just some degree of interest. It's an eternal educational journey, and I like to do it, even if the price of the stock may not be right to me right now [here, it is so-so], because perhaps some day, it may.

I looked at Indus AG not so long ago, and passed [no tracker]. I think next will be Lifco AB and Kinnevik AB, trying to learn something new and challenging the way I do things so I don't fall totally asleep and freeze without any kind of personal movement, perhaps even progress.

It's great to have a reading/study backlog on companies.

If our brains continually use the same neural pathways, they stagnate.

You're doing pushups with your brain  :)

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Spekulatius

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Re: What are you buying today?
« Reply #3641 on: Today at 05:23:55 AM »
Spekulatius,

It's just a part of my eternal hunt for interesting stuff to study, where I'm searching for stuff on this side of the Atlantic Ocean. I think I know the European investment holding companies that I already own well enough now, after having owned them for quite some years now, to take on to expand the sphere of companies that I know about. Trackers keep my interest up, if I catch just some degree of interest. It's an eternal educational journey, and I like to do it, even if the price of the stock may not be right to me right now [here, it is so-so], because perhaps some day, it may.

I looked at Indus AG not so long ago, and passed [no tracker]. I think next will be Lifco AB and Kinnevik AB, trying to learn something new and challenging the way I do things so I don't fall totally asleep and freeze without any kind of personal movement, perhaps even progress.

It's great to have a reading/study backlog on companies.

FWIW, I agree on Indus AG, it’s nothing special. They do add a layer of holding company debt on top of the operating company debt, so they seem to be more leveraged than I’d like. I have owned some in the 90’s last time. At times, the stock is cheap, but it’s not particularly well managed. I do like the concept of rolling up Mittelstand companies, but haven’t seen a vehicle that does this consistently well. There are some that do seem to do it Ok with a concept of owning several independently operated companies in the same industrial sector. Dürr AG and ISRA AG come to my mind. I particularly like Dürr, but I don‘t think we are at the right time of the cycle to buy this yet.

France and Scandinavia the richest hunting ground for holding companies.
To be a realist, one has to believe in miracles.

John Hjorth

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Re: What are you buying today?
« Reply #3642 on: Today at 06:33:30 AM »
Thank you, Spekulatius,

Yes, I got scared away from INDUS Holding AG because it had "strategic considerations" about getting rid of a whole "leg" / "cluster" of subs / business unit consisting basically of vendors to the German automakers, in some way. I was surprised to read that, I did not know things were so bad right now in Germany, despite reading about Germany being recession near for the last few months. [Denmark will with certainty be hit by this in the near future, btw, because of the close German-Danish trade relations, important from a Danish perspective.]

I will take a look at Dürr AG and ISRA AG at some point in time in the near future, too. -Thank you for sharing, and a privilege to have access to such information from you because of your German background.
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Og

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Re: What are you buying today?
« Reply #3643 on: Today at 07:34:23 AM »
Bought more BAM, FCAU, and TRUP.