Author Topic: What are you buying today?  (Read 2195956 times)

Lance

  • Sr. Member
  • ****
  • Posts: 420
Re: What are you buying today?
« Reply #1000 on: February 13, 2015, 11:40:27 AM »
PDI (PIMCO Dynamic Income Fund)

Thanks,
Lance


frommi

  • Hero Member
  • *****
  • Posts: 1225
Re: What are you buying today?
« Reply #1001 on: February 27, 2015, 08:12:08 AM »
Sold my PKX stake and bought more SEC.TO. I want more exposure in businesses that i can hold for the long term and short term prospects for SEC look more promising, too. Munger, Pabrai selling PKX have influenced me and its possible that their low cost advantage is eroded by the currency wars. I feel that my insight/edge into SEC is a lot better than in PKX. SEC is now a 20% position.

TwoCitiesCapital

  • Hero Member
  • *****
  • Posts: 2938
Re: What are you buying today?
« Reply #1002 on: February 27, 2015, 11:00:00 AM »
Not all today - but recent purchases.

Buys:
EGFEY - began accumulating
SAN - finished accumulating
FRFHF - doubled position in January at $500
OGZPY/LUKOY/SBRCY - have been accumulating over the last 3 months.
IBM - following Buffett/Watsa on this one, small position
Puts on the SPY @ 190 for March 2016

Sells:
1/3 of my position in WFM
Rolling calls against 60-100% of my FCAU position
These "sells" are simply profit taking to reduce my leverage. I was at about 115% exposure previously and want to get down below 100%. I have about another 10% to go.


Watching with potential to add:
SB/SBLK/GLBS
ATUSF
PKX
FRFHF if it stays around $500-$525

Lance

  • Sr. Member
  • ****
  • Posts: 420
Re: What are you buying today?
« Reply #1003 on: February 27, 2015, 12:05:55 PM »
Bought LCSHF (Lancashire Holdings Ltd) and shorted IWM and TXN.

Thanks
Lance

buylowersellhigh

  • Full Member
  • ***
  • Posts: 120
Re: What are you buying today?
« Reply #1004 on: February 27, 2015, 12:38:26 PM »
PRAA today and BOBE yesterday

notorious546

  • Guest
Re: What are you buying today?
« Reply #1005 on: February 27, 2015, 01:11:00 PM »
Followed Klarmen into BXE.  But let me be clear, my position is peanuts (and I've learned some lessons about following gurus before)!  But I've always wanted to understand the oil/gas industry better.  Owning something will give me further incentive to do so.

this one will be tough.

wescobrk

  • Hero Member
  • *****
  • Posts: 824
Re: What are you buying today?
« Reply #1006 on: February 27, 2015, 01:46:23 PM »
More bac
I think ubs analyst is obtuse. He cut price from 20 to 16 because of capital levels.
I didn't think it was worth 20 but certainly 18.
Bac will probably pass on div increase but I bet they get at least 3 billion share buyback.
Thanks ubs "analyst" for giving me the 15.70 print.

LC

  • Hero Member
  • *****
  • Posts: 5575
Re: What are you buying today?
« Reply #1007 on: March 02, 2015, 10:55:55 AM »
Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis.

LL

Scared me, I thought you were buying Lumber Liquidators.

I would be scared to be short. one of the smartest stock pickers in the world just bought a big position.

I saw that, and everyone's favorite whipping boy Tilson has made a very loud short case. I don't have a position, but if I had to initiate one here it'd be short. Gross margins at all time highs, bulk of the remodeling done by the Blackstone's of the world to build the world's largest rental pool, and the business still only generates $40 MM in FCF (less than 2% FCF yield). I just don't see how you get significantly much more upside in the stock.

Sorry for digging this comment chain up from the grave, but 60 Minutes apparently did a piece on Lumber Liquidators confirming they have been selling flooring with levels of formaldehyde above legal limits: http://www.cbsnews.com/news/lumber-liquidators-linked-to-health-and-safety-violations/

I actually looked into the company but passed for this reason (although it was only a rumor at the time - but my carpenter neighbor confirmed LL sold the cheapest "wood" he had ever seen).
"Lethargy bordering on sloth remains the cornerstone of our investment style."

jschembs

  • Sr. Member
  • ****
  • Posts: 435
Re: What are you buying today?
« Reply #1008 on: March 02, 2015, 10:59:11 AM »
Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis.

LL

Scared me, I thought you were buying Lumber Liquidators.

I would be scared to be short. one of the smartest stock pickers in the world just bought a big position.

I saw that, and everyone's favorite whipping boy Tilson has made a very loud short case. I don't have a position, but if I had to initiate one here it'd be short. Gross margins at all time highs, bulk of the remodeling done by the Blackstone's of the world to build the world's largest rental pool, and the business still only generates $40 MM in FCF (less than 2% FCF yield). I just don't see how you get significantly much more upside in the stock.

Sorry for digging this comment chain up from the grave, but 60 Minutes apparently did a piece on Lumber Liquidators confirming they have been selling flooring with levels of formaldehyde above legal limits: http://www.cbsnews.com/news/lumber-liquidators-linked-to-health-and-safety-violations/

I actually looked into the company but passed for this reason (although it was only a rumor at the time - but my carpenter neighbor confirmed LL sold the cheapest "wood" he had ever seen).

Thanks for reminding me of trades I should've held with conviction!

tinhb

  • Newbie
  • *
  • Posts: 14
Re: What are you buying today?
« Reply #1009 on: March 03, 2015, 08:07:52 PM »
Just bought put options on LL. I mean if you watch the 60 minutes and search for lumber liquidators on carb website, you will find this is a screaming short. This situation is similar to fairfax during financial crisis when its portfolio including cds made money but the market seemed to be too lazy to reflect that.

From a report dated 20 Nov 2013(!) on CARB website:

"The Lumber Liquidators flooring which tested as unfinished HWPW failed the CARB emissions
standard tested at 0.17 ppm. This proposal would still have it non-compliant even at 0.11 ppm,
but did CARB enforce against Lumber Liquidators?
My members have incurred costs to be in compliance which our competitors can avoid. They
have and this proposal is an invitation produce and ship higher emitting products.
We found and submitted 4 cases of plywood claimed to be PS-2 and CARB certified which failed
the formaldehyde emission standard. To our knowledge no enforcement occurred either by
CARB or U.S. Customs. If the current regulation is not enforced, then allowing higher emissions,
no testing and no certification makes a mockery of the whole regulatory framework."

The report is attached.

I may even speculate further that CARB is corrupted and deliberately ignored warnings from whistleblowers.
« Last Edit: March 03, 2015, 08:14:18 PM by tinhb »