Author Topic: What are you buying today?  (Read 2195857 times)

gary17

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Re: What are you buying today?
« Reply #340 on: February 03, 2014, 07:31:55 PM »
Today, C out-performed BAC, this happen rarely, as u know, BAC is considered a must have for many funds now.

I just don't see what is C's competitive advantage. I'll post in another thread.


obtuse_investor

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Re: What are you buying today?
« Reply #341 on: February 03, 2014, 07:37:41 PM »
IBM
Value Investor who manages his personal portfolio with a 25-45 year time horizon | @obtuse_investor

no_free_lunch

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Re: What are you buying today?
« Reply #342 on: February 03, 2014, 09:20:48 PM »
Didn't buy it but am seriously looking at ASCMA, a john malone step child.   It looks like it has about a 14% FCF yield and has been growing 30-40% per year.  I am just not sure why it has plunged so much recently, I think it is down over 20% in the past couple of weeks on no news. 

Anyone have any opinions on it?

gary17

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Re: What are you buying today?
« Reply #343 on: February 03, 2014, 09:23:05 PM »
lunch - do you mean gncma?

no_free_lunch

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Re: What are you buying today?
« Reply #344 on: February 03, 2014, 09:39:17 PM »
No, ascent capital group.  It's basically a holding company that buys home security companies.   It appears very cheap on most metrics but with the recent price slide and so little news I wonder if I am just missing something.

kirkomi

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Re: What are you buying today?
« Reply #345 on: February 03, 2014, 10:29:32 PM »
ascent capital group.  It's basically a holding company that buys home security companies.   It appears very cheap on most metrics but with the recent price slide and so little news I wonder if I am just missing something.

Horizon Kinetics has a position in ASCMA. He had a very nice pitch in Value Investor Insight. Look at page 5 here.

http://www.horizonkinetics.com/docs/Value_Investor_May_2013.pdf
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dpetrescu

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Re: What are you buying today?
« Reply #346 on: February 03, 2014, 10:45:16 PM »
ASCMA looks interesting. Lunch, do you know what they're investing in? Are they acquiring a lot of companies or just stakes? They invested the equivalent of their market cap in 2012.

dpetrescu

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Re: What are you buying today?
« Reply #347 on: February 03, 2014, 10:57:10 PM »
For anyone willing to take a risk of a Chinese company, SORL looks too good to be true and getting cheaper. A PE of 6, EV/EBITDA of 3, growing earnings, growing revenue, generating cash. Makes brakes/safety components for buses/trucks. Didn't buy it but am considering a small portion. Still need to read a lot more into it. Downturn in China is my biggest fear in general.

wescobrk

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Re: What are you buying today?
« Reply #348 on: February 03, 2014, 11:41:12 PM »

"Banks like C and BAC today achieve their earnings with far less risk compared to then, and consequently I think there should be a risk/adjusted increase in the market P/E for the same dollar of earnings. "

Bac is getting it at 12x earnings but nobody wants citi around 9x earnings.
At least for now.
I'm a bit surprised still no ccar date release.
Last two years fed published around jan 29th.
Maybe they won't do the two step release and they just announce all at once on march 7th.

prevalou

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Re: What are you buying today?
« Reply #349 on: February 04, 2014, 12:17:38 AM »
Didn't buy it but am seriously looking at ASCMA, a john malone step child.   It looks like it has about a 14% FCF yield and has been growing 30-40% per year.  I am just not sure why it has plunged so much recently, I think it is down over 20% in the past couple of weeks on no news. 

Anyone have any opinions on it?

the plunge is due to ADT results that show an increase in the churn and more competition.
Steady free cash flow is 193 m$ less 100m$ min interest cost=93 m$. So free cash flow is more 10 % than 14 %
it's growing 30 % to 40 % including acquisitions