Author Topic: What are you buying today?  (Read 1342651 times)

kab60

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Re: What are you buying today?
« Reply #4050 on: August 07, 2019, 10:16:11 AM »
Entercom (market puking like it's Burford!)


Foreign Tuffett

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Re: What are you buying today?
« Reply #4051 on: August 07, 2019, 10:49:10 AM »
Entercom (market puking like it's Burford!)

Company is overly indebted + terrestrial radio is a no growth industry. That said, the price action today does seem extreme.

The amount of (very underwater) stock the Chairman of the Board has purchased in the open market since the CBS transaction is insane.

Gregmal

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Re: What are you buying today?
« Reply #4052 on: August 07, 2019, 10:57:32 AM »
Busy day.

Opened ESGR, ILMN, added BUR

BG2008

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Re: What are you buying today?
« Reply #4053 on: August 07, 2019, 11:29:41 AM »
Berry Global

kab60

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Re: What are you buying today?
« Reply #4054 on: August 07, 2019, 11:38:45 AM »
Entercom (market puking like it's Burford!)

Company is overly indebted + terrestrial radio is a no growth industry. That said, the price action today does seem extreme.

The amount of (very underwater) stock the Chairman of the Board has purchased in the open market since the CBS transaction is insane.
Leverage is high, but as recently as April they issued bonds at 6,5% due 2027 and got more favorable terms on their term loan. Those bonds traded ABOVE par today, so there's a big discrepancy between bond investors and equity investors - I'm betting the equity guys are acting hysterical.

Also picked up some Gray Television (shoutout to Packer). Trading 15/share while generating 4 dollar per share in FCF - and guiding for higher next year. Those bonds are also trading like it's smooth sailing.

kab60

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Re: What are you buying today?
« Reply #4055 on: August 07, 2019, 11:42:09 AM »
Berry Global
What are your thoughts on volume declines?

RuleNumberOne

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Re: What are you buying today?
« Reply #4056 on: August 07, 2019, 08:14:14 PM »
Agreed. In times like this and 2008, the national motto is "In Buffett We Trust"

Again,

BRK.B & WFC

boilermaker75

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Re: What are you buying today?
« Reply #4057 on: August 08, 2019, 07:17:59 AM »
Wrote some BRKB 195-strike, Aug. 9 expiration puts.

Wrote BRKB 197.5-strike Aug 9 expiration puts

Saluki

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Re: What are you buying today?
« Reply #4058 on: August 08, 2019, 07:29:54 AM »
Bought some more BRK and PBF again today.  I have a resting limit order in for some IPI too, but hasn't been filled yet. 
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable

longlake95

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Re: What are you buying today?
« Reply #4059 on: August 08, 2019, 07:32:09 AM »
Added to BERY, KMI. Starting position in SNC.TO