Author Topic: What are you buying today?  (Read 1352270 times)

Castanza

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Re: What are you buying today?
« Reply #4020 on: August 05, 2019, 11:48:31 AM »
Added to:

BERY

WFC


John Hjorth

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Re: What are you buying today?
« Reply #4021 on: August 05, 2019, 11:53:17 AM »
Gents, please note that it's still only some hours ago, that alwaysinvert posted here on CoBF today:

I still think the main complication is that he can't get size and this was tested a bit in Q3 2018, with the result being that the stock gained pretty much every day for a month. If he could get $10b worth of stock at $200, I'm sure he wouldn't mind. But the issue is that if he ratcheted up buybacks fast in any one period, the market would be informed before he could gain much ground. He needs to somehow convince the market that he won't backstop the stock price and has failed to do so thus far. Hence the tepid buybacks.

This makes it sound like buybacks is the only thing on his mind, which obviously is not true. However, any feasible strategy for long-term use of funds without dividending out portions must necessarily include sizable buybacks.

It just so striking. This - today - is his [Mr. Buffett's] favorite playground.
« Last Edit: August 05, 2019, 11:55:50 AM by John Hjorth »
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Gregmal

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Re: What are you buying today?
« Reply #4022 on: August 05, 2019, 11:54:21 AM »
Also added some more CLF calls (glutton for punishment) and am eyeing some $150 BRK calls if we get a little closer to $190

TwoCitiesCapital

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Re: What are you buying today?
« Reply #4023 on: August 05, 2019, 11:55:27 AM »
Cash.

Following the sale of 20% of my S&P 500 puts. Waiting for 30+ VIX to sell more.

fareastwarriors

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Re: What are you buying today?
« Reply #4024 on: August 05, 2019, 12:05:52 PM »
Added a tiny bit to BRK.B and WFC

DooDiligence

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Re: What are you buying today?
« Reply #4025 on: August 05, 2019, 12:31:15 PM »
Added to BRK.B

Started a position in WFC, pretty much because of the last half dozen or so posts by koshigoe.

http://www.cornerofberkshireandfairfax.ca/forum/profile/?area=showposts;u=9320

Healthcare 25.2% - CVS EW NVO // BRK.B - 23.1% // Auto's & Oil 14.8% - CLB GPC VDE

Media & Communication 8.4% - CHTR DIS // Banking 6.6% - WFC // Drinkers & Smokers 5.5% - MO

Tech 0.0%

%'s held @ MV 08/15/2019 minus 16.6% investable cash

i trumpet my ignorance

https://twitter.com/tunawish

gfp

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Re: What are you buying today?
« Reply #4026 on: August 05, 2019, 12:47:43 PM »
Added to BRK.B

Started a position in WFC, pretty much because of the last half dozen or so posts by koshigoe.

http://www.cornerofberkshireandfairfax.ca/forum/profile/?area=showposts;u=9320

Saw this posted on another board today as well
http://sabercapitalmgt.com/wp-content/uploads/2019/07/WFC-Unexciting-Idea-But-Exciting-Value-2019-07-01.pdf

Wells looks good to me.  I hope it's correct that Berkshire can stop selling.

Eye4Valu

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Re: What are you buying today?
« Reply #4027 on: August 05, 2019, 01:06:41 PM »
Wesco

DooDiligence

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Re: What are you buying today?
« Reply #4028 on: August 05, 2019, 01:47:47 PM »
Added to BRK.B

Started a position in WFC, pretty much because of the last half dozen or so posts by koshigoe.

http://www.cornerofberkshireandfairfax.ca/forum/profile/?area=showposts;u=9320

Saw this posted on another board today as well
http://sabercapitalmgt.com/wp-content/uploads/2019/07/WFC-Unexciting-Idea-But-Exciting-Value-2019-07-01.pdf

Wells looks good to me.  I hope it's correct that Berkshire can stop selling.

Nice. Rings true.

Sounds like a good Peter Lynch investment story.

With a front run.
Healthcare 25.2% - CVS EW NVO // BRK.B - 23.1% // Auto's & Oil 14.8% - CLB GPC VDE

Media & Communication 8.4% - CHTR DIS // Banking 6.6% - WFC // Drinkers & Smokers 5.5% - MO

Tech 0.0%

%'s held @ MV 08/15/2019 minus 16.6% investable cash

i trumpet my ignorance

https://twitter.com/tunawish

Spekulatius

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Re: What are you buying today?
« Reply #4029 on: August 05, 2019, 02:23:42 PM »
Wesco

I owned this in the past but I feel like other distributors like MSM are better values. WCC seems to rent out their balance sheet to customers - their cash flow they stable and they have a fair amount of leverage.
To be a realist, one has to believe in miracles.