Author Topic: What are you buying today?  (Read 1827413 times)

SHDL

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Re: What are you buying today?
« Reply #5500 on: July 13, 2020, 02:03:07 PM »
SDS.

yup. x2 (joke intended)

Probably good timing, though Iím no fan of inverse/levered ETFs.


Maple Fun

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Re: What are you buying today?
« Reply #5501 on: July 14, 2020, 10:02:42 AM »
Bought more GDC.TO today...
Genesis is a land owner and home developer in Metro Calgary..
Calgary detached house price as well as the volume are bouncing back quickly..

https://www.creb.com/Housing_Statistics/Daily_Housing_Summary/?tab=2

 

tgc

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Re: What are you buying today?
« Reply #5502 on: July 14, 2020, 10:08:56 AM »
Bought WSTL to get the 1.48$ cash out.

sleepydragon

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Re: What are you buying today?
« Reply #5503 on: July 14, 2020, 11:00:50 AM »
BRK twice per week during the last four weeks.
Today added to WFC (itís now 10% lower than the CEOís $5m purchase)
Also bought back MTB, SLG

fareastwarriors

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Re: What are you buying today?
« Reply #5504 on: July 14, 2020, 11:22:23 AM »
Added some WFC

LC

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Re: What are you buying today?
« Reply #5505 on: July 14, 2020, 12:05:37 PM »
WFC and V.

Getting to a self-imposed limit on WFC (currently 3.75%; would go up to 4%), so maybe one more opportunity to average down and then we let it ride.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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akam| brk.b | goog | irm | lyv | net | nlsn | pm | ssd | t | tfsl | v | wfc | xom

fareastwarriors

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Re: What are you buying today?
« Reply #5506 on: July 14, 2020, 12:11:47 PM »
WFC and V.

Getting to a self-imposed limit on WFC (currently 3.75%; would go up to 4%), so maybe one more opportunity to average down and then we let it ride.

Why V now?

LC

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Re: What are you buying today?
« Reply #5507 on: July 14, 2020, 12:19:36 PM »
Lack of compelling investment alternatives, I would say is the largest factor.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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akam| brk.b | goog | irm | lyv | net | nlsn | pm | ssd | t | tfsl | v | wfc | xom

writser

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Re: What are you buying today?
« Reply #5508 on: July 14, 2020, 12:41:54 PM »
2222.HK: I initially bought this at 20c a month or so back and then have been adding at 22-28c. Discovered accidentally when KKR bought a majority stake in one of their companies and i saw it in the paper. Just the residual 30% stake in that venture is worth more than the current market cap at that transacted value. Significant net cash plus their remaining biz which is growing well would be worth atleast twice that residual stake. I reckon NAV to be around ~50-60c.

Very interesting idea. Obviously the whole company is somewhat of a shit show, it was even featured as a case study in 'Due Diligence in China: Beyond the Checklists (link). Nevertheless, it's not a fraud and the dubious founder has been arrested. The company still owns a minority stake in the business bought by KKR, worth ~800m RMB given what KKR paid for the rest. The endgame seems to be a relisting, FWIW. Then there's a lot of excess cash, and a significant, growing operating business (international lighting) with a book value of ~2000m RMB or whatever and not too much debt. Yet the market cap is only about ~500m RMB. In any sane capital market this would be trading 4x to 5x higher. I couldn't resist buying a few shares.
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Spekulatius

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Re: What are you buying today?
« Reply #5509 on: July 14, 2020, 04:29:30 PM »
Adds to CBOE and LHX
Life is too short for cheap beer and wine.