Author Topic: What are you buying today?  (Read 2206465 times)

randomep

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Re: What are you buying today?
« Reply #1180 on: May 26, 2015, 07:47:31 PM »

Karelia Tobacco (Greece)


kab60

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Re: What are you buying today?
« Reply #1181 on: May 27, 2015, 08:55:12 AM »
Fossil inc
« Last Edit: May 27, 2015, 12:45:32 PM by kab60 »

TwoCitiesCapital

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Re: What are you buying today?
« Reply #1182 on: May 27, 2015, 12:31:33 PM »
Sold short July $0.50 puts on ACI for $0.09 in my low P/B portfolio to put some of my cash to work.

18% yield for less than two months exposure for an equity that trades at just 7% of stated book value with a current ratio of 2.5x seems like a decent short term scenario to  me. Working to restructure debt due years out and bankruptcy is not currently being considered.

Owned the name before at $0.80 and sold out using call options for a total of $1.10 a month later. Hard to not want to keep entering this name and collecting volatility premiums from puts/calls while waiting for the news to hit.

wescobrk

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Re: What are you buying today?
« Reply #1183 on: May 27, 2015, 05:53:57 PM »
I bought more mcf today at $13.80.
Now I need to figure out how to raise some cash as I get nervous when I don't have any.

TwoCitiesCapital

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Re: What are you buying today?
« Reply #1184 on: May 28, 2015, 10:22:32 AM »
Sold all of my SB and rolled into an equal number of SBLK.

I still like SB better, but I need some short-term losses to offset some gains this year. SB has also outperformed SBLK by about 35% over my holding period meaning I can book the losses to offset gains, increase my exposure to the dry bulk on a percentage ownership basis across the industry, pay down some margin, and consolidate in a company that is cheaper on a relative basis.


Also, picked up a starting position in PDER to motivate myself to look into it more.
« Last Edit: May 28, 2015, 10:47:24 AM by TwoCitiesCapital »

no_free_lunch

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Re: What are you buying today?
« Reply #1185 on: June 01, 2015, 03:42:28 PM »
GUD.TO

Right back to the level of 6 months ago when they announced the sale of their priority review.  Still not cheap but at least we are a little further along.  The company has already made 1 exit already which was quite profitable so some evidence he still "has it".

Lance

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Re: What are you buying today?
« Reply #1186 on: June 03, 2015, 01:01:34 PM »
SDRXP (Sandridge Energy INC Perpetual Prefferred Convertible 8.5%)

Thanks,
Lance



PatientCheetah

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Re: What are you buying today?
« Reply #1187 on: June 03, 2015, 03:44:01 PM »
FCX VALE
risk as little as possible until all the stars have aligned

Longer Term: FB MSFT BABA JD YRD

longlake95

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Re: What are you buying today?
« Reply #1188 on: June 04, 2015, 05:08:57 AM »
Well, I guess two of us own VALE! LOL. Talk about out of favour!

TwoCitiesCapital

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Re: What are you buying today?
« Reply #1189 on: June 04, 2015, 06:35:00 AM »
Well, I guess two of us own VALE! LOL. Talk about out of favour!

I own it in my low-P/B portfolio. I have some shares purchased back in the high 5s and some puts sold against it at 6.50.

That being said - I don't know much about it. I don't do any research on these companies other than buying them under book value.