Author Topic: What are you buying today?  (Read 1250258 times)

Spekulatius

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Re: What are you buying today?
« Reply #3120 on: July 03, 2018, 06:22:36 PM »
Added to INDU C.STO [Industrivärden AB, ser. C] today. [Company Website]

At about 1 year lows, relatively weak SEK compared to DKK [SEK has no peg to EUR], most likely the stock is down on the global tariff stuff going on.


Industrievärden  looks good to me -~20% discount to NAV and beats the index over the long run.
« Last Edit: July 04, 2018, 10:41:13 AM by Spekulatius »
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John Hjorth

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Re: What are you buying today?
« Reply #3121 on: July 04, 2018, 05:41:56 AM »
Added to INDU C.STO [Industrivärden AB, ser. C] today. [Company Website]

At about 1 year lows, relatively weak SEK compared to DKK [SEK has no peg to EUR], most likely the stock is down on the global tariff stuff going on.


Industrieländern looks good to me -~20% discount to NAV and beats the index over the long run.

I'll try to do it short, not to clog up this topic. It's Fredrik Lundberg's second layer Pinocchio. [First layer Pinocchio is L E Lundbergföretagen AB.] In short, Industrivärden is a large chunk of to me the best bank in Scandinavia : Svenska Handelsbanken AB, combined with being major/anchor investor in basket of - on overall basis - fairly good Swedish industrial companies with an international footprint and a total turnover in this basket of about SEK 1,000 B, by the use of now quite moderate leverage. Study the taxes in note 8 and on p. 51 i the 2017 financials! This one has no built in money printing machines [wholly owned subs], while L E Lundbergföretagen AB has two: Two enormous real estate portfolios [with no debt] in respective  Fastighets AB Lundberg [100% owned] and Huvudstaden AB [controlled sub], where the dividends don't get taxed, like in Industrivärden AB. The shareholder structure is worth to study, too. I would argue, that Fredrik Lundberg in reality controls the company, in cooperation with pension funds and foundations around Svenska Handelsbanken and other investees etc.
« Last Edit: July 04, 2018, 06:09:00 AM by John Hjorth »
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boilermaker75

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Re: What are you buying today?
« Reply #3122 on: July 06, 2018, 08:07:56 AM »
Wrote some BAC 28-strike, July 27 expiration puts for $0.60 per share.

BAC is my third largest position, but would not mind adding some shares at $27.42, approximate basis after commission.

John Hjorth

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Re: What are you buying today?
« Reply #3123 on: July 06, 2018, 08:10:58 AM »
Added a bit more to INDU C.STO during the day today.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

gjangal

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Re: What are you buying today?
« Reply #3124 on: July 06, 2018, 03:20:44 PM »
GS - i know the backdrop of stress tests etc doesn’t look good but it’s at ~1.1 times book. Their lending platform seem to be doing well. I consider this and WFC a good place to wait till the yield curve steepens

Lance

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Re: What are you buying today?
« Reply #3125 on: July 10, 2018, 10:42:09 AM »
BPL (Buckeye Partners LP)

Thanks
Lance

wisowis

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Re: What are you buying today?
« Reply #3126 on: July 10, 2018, 02:03:15 PM »
Sold out of DSG.TO
Great stable business, but valuations have become very stretched.

Spekulatius

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Re: What are you buying today?
« Reply #3127 on: July 10, 2018, 06:10:55 PM »
BPL (Buckeye Partners LP)

Thanks
Lance

That one is overdue for a distribution cut.
To be a realist, one has to believe in miracles.

boilermaker75

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Re: What are you buying today?
« Reply #3128 on: July 12, 2018, 06:56:11 AM »
Yesterday wrote BRKB 187.5-strike, July 27 expiration puts for $1.55 per share.

This morning wrote USB 50-strike, Aug 10 expiration puts for $0.50 per share and
WFC 54-strike, July 27 expiration puts for $0.40 per share.

Spekulatius

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Re: What are you buying today?
« Reply #3129 on: July 12, 2018, 09:36:23 AM »
I am adding to TI-A. I am not even sure what caused the downdraft today.
To be a realist, one has to believe in miracles.