What are you buying today?

[Sunrider]

Bought EPA:ALVEL, Netnet with 65% upside to NCAV and active share buybacks
Bought more SRC calls, spinoff is at the end of the month.

Bought a large position in MXP futures in my currency system. (Moves 50% of my foreign currency exposure from USD to MXN)

What gives you comfort that they got a handle on operations so that they can continue repurchasing shares? I only had a cursory glance through the annual report but it seems like lots of issues with assets. It's cheap, but is management competent and honest?

[winjitsu]

Option will get adjusted down w/ the cash, so effectively this will be a call on the new CPLG. I think its (1) undervalued (2) volatility (and iv) will increase drastically post spin.

Mostly trying out the trade mechanics, so this is a learning opportunity for me, hence a tiny position size.

I wonder about the use of options in this context. The calls will be adjusted to deliver the spin and $8.xx in cash. Is your thought that remainco will start trading up quite quickly? Do you intend to roll the options if nothing happens for a while?

Thank you!

[frommi]

Bought EPA:ALVEL, Netnet with 65% upside to NCAV and active share buybacks
Bought more SRC calls, spinoff is at the end of the month.

Bought a large position in MXP futures in my currency system. (Moves 50% of my foreign currency exposure from USD to MXN)

What gives you comfort that they got a handle on operations so that they can continue repurchasing shares? I only had a cursory glance through the annual report but it seems like lots of issues with assets. It's cheap, but is management competent and honest?

I don`t know. But i know that investing in netnets works and that netnets with buybacks work even better.

[AzCactus]

ADS/NLSN

[John Hjorth]

Added [seriously] to BAC, C & JPM within the last two days.

[petec]

Bought a large position in MXP futures in my currency system. (Moves 50% of my foreign currency exposure from USD to MXN)

Would you mind elaborating on your thesis? I know Mexico quite well so I would be interested.

Also, what currency system do you use and how have you structured the bet?

[frommi]

It is based on relative purchasing power, term spread and cash interest rates. The mexican peso right now is very undervalued on rppp (~35%) against the USD and ranks very high on term spread and interest rates. Ruerd Heeg on Seeking Alpha has some good articles on currencies.

[_JJ_]

CK Hutchison Holdings

[villainx]

CK Hutchison Holdings

what are your thoughts on CK Hutchison?  Cause of industry, geography, leadership, diversification, value, growth, etc.?

[SafetyinNumbers]

Bought some PPR.TO. Probably the worst performing oil stock in the world. Has operational and financial leverage with two potential catalysts with its QC assets. Q1 was awful but Q2 cash flow should really step up and be an inflection point.