Author Topic: What are you buying today?  (Read 2198128 times)

alertmeipp

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Re: What are you buying today?
« Reply #110 on: August 27, 2013, 07:47:42 PM »
FTP.TO, MS and BAC-WT.


Ross812

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Re: What are you buying today?
« Reply #111 on: August 27, 2013, 08:32:26 PM »
I added too PETM this week, keeping my eye on DFS.
96% Fixed Income CDs, Muni, Corporate Debt - 4% SPX Options

no_free_lunch

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Re: What are you buying today?
« Reply #112 on: September 11, 2013, 07:26:04 PM »
I bought a little more MBI today.  It is back to levels not seen since the settlement with BAC.  Upside seems substantial and it seems a considerably better bargain than most else out there.

valuecfa

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Re: What are you buying today?
« Reply #113 on: September 11, 2013, 07:30:59 PM »
I bought a little more MBI today.  It is back to levels not seen since the settlement with BAC.  Upside seems substantial and it seems a considerably better bargain than most else out there.

I started following it again too, but haven't invested back in the company yet. The difference now vs then in my mind is Brown's lack of financial incentive to rebuild the company compared to what his previous incentives were...but yes it is cheap on a fundamental basis.

Hawk4value

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Re: What are you buying today?
« Reply #114 on: September 12, 2013, 10:22:45 AM »
Constructive, I have been a long time holder of MIL (MFC Industrial).  Can you expound on your particular reasons for holding it. I am using it as an inflation hedge, a distressed buyer of commodities, and as a book value investment. It seems this will play out but will take a while.

Thanks.

willie2013

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Re: What are you buying today?
« Reply #115 on: September 12, 2013, 10:32:34 AM »
Fast Retailing FRCOY and Builder's First Source BLDR

constructive

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Re: What are you buying today?
« Reply #116 on: September 12, 2013, 02:31:36 PM »
Constructive, I have been a long time holder of MIL (MFC Industrial).  Can you expound on your particular reasons for holding it. I am using it as an inflation hedge, a distressed buyer of commodities, and as a book value investment. It seems this will play out but will take a while.

Thanks.

I like it because it has a conservative, cash-heavy balance sheet, combined with a solid earnings platform. I think the balance sheet supports an asymmetric risk-return probability. Which I think is particularly important when considering the current valuation of the market.

I own GLW and TPCA, and may buy FTP.TO soon, because they are similarly cash heavy. But most of my portfolio is earnings driven rather than balance sheet driven.

Michael Smith's presentations and conference calls are also persuasive about the plan to increase ROE.

Fairfaxnut

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Re: What are you buying today?
« Reply #117 on: September 12, 2013, 02:51:39 PM »
Glacier Media (GVC) on the TSX.

hellsten

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Re: What are you buying today?
« Reply #118 on: September 12, 2013, 10:59:36 PM »
Glacier Media (GVC) on the TSX.

Market cap ~$100 million. FCF/year ~$20-30 million since 2006 while revenue has almost doubled.

McElvaine sold -33.33% recently. Any reason why, he's been a shareholder for ever?

Madison Venture Corporation is also selling.

Montrusco Bolton Investments Inc.   and Franklin Templeton buying…

Chou Associates still own GVC.

Maybe I should have a closer look at GVC?

TwoCitiesCapital

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Re: What are you buying today?
« Reply #119 on: September 13, 2013, 03:57:11 AM »
Recent purchases in the last month:

DSL - Doubleline income solutions fund
NLY - Annaly
BSBR - Banco Santeder Brazil
SAN - Banco Santander
LCSHF - Lancashire
SHLD - Sears holding