Author Topic: What are you buying today?  (Read 1888147 times)

elliott

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Re: What are you buying today?
« Reply #4200 on: September 23, 2019, 09:45:57 AM »
ALUMS (Euronext Paris)
FFAH (Toronto) - a few days ago


Saluki

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Re: What are you buying today?
« Reply #4201 on: September 24, 2019, 07:21:02 AM »
Added to some JOE under $17 and EAF again, and to keep it interesting a tiny bit of SALT, TPHS and BHC  (just because I'm OCD and like seeing my share counts end in round numbers and looking at things that end in 4, 7 9 etc. has been bugging me for days).   
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable

Lance

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Re: What are you buying today?
« Reply #4202 on: September 24, 2019, 09:29:12 AM »
Took off some of TSLA short.

Thanks
Lance

gokou3

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Re: What are you buying today?
« Reply #4203 on: September 25, 2019, 02:23:54 PM »
MO @<$40, 8.5% fwd yield.

Gregmal

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Re: What are you buying today?
« Reply #4204 on: September 26, 2019, 12:00:43 PM »
Almost doubled my position in AYR. Possibly the best risk/reward and margin of safety Ive seen in a very long time. Now trading at basically 2.5x 2020 adjusted EBIDTA. Buyback starts October 1st.

Spekulatius

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Re: What are you buying today?
« Reply #4205 on: September 26, 2019, 06:42:31 PM »
Bought a bit more FOX and a starter in ANTM.
Life is too short for cheap beer and wine.

LC

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Re: What are you buying today?
« Reply #4206 on: September 26, 2019, 07:18:33 PM »
Anthem still looks a little expensive, doesn't it? Mind sharing the napkin thesis?
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Spekulatius

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Re: What are you buying today?
« Reply #4207 on: September 27, 2019, 03:38:23 AM »
Anthem still looks a little expensive, doesn't it? Mind sharing the napkin thesis?

Napkin thesis came from a recent WFC report on the health care insurance group. ANTM trades at an almost 40% discount to market, which is close to a recent trough discount in 2013 (42%). Average discount to market is ~23%.

ANTM is the largest insurer in the market it operates together with UNH. scale matters and health I surname is a pretty good business. Stock trades on political concerns (it fell to a recent low during the first democratic debate when Medicare for all become a big talking point), but those political trends tend to be overrated by Mr Market. If you look further back, then ANTM has traded at single digit PE vs 12x now, so there room to fall.
Life is too short for cheap beer and wine.

gurpaul88

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Re: What are you buying today?
« Reply #4208 on: September 27, 2019, 07:57:10 AM »
Bought a bit more FOX and a starter in ANTM.

Just curious, why FOX?


vpagano

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Re: What are you buying today?
« Reply #4209 on: September 27, 2019, 08:16:45 AM »
Added to MSGN, tendering top of range. We'll see what pro-ration ends up at.