Author Topic: What are you buying today?  (Read 1744892 times)

boilermaker75

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Re: What are you buying today?
« Reply #4490 on: January 14, 2020, 10:05:58 AM »
Wrote 50-strike, Jan 17 expiration, WFC puts for $0.41 per share


CorpRaider

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Re: What are you buying today?
« Reply #4491 on: January 14, 2020, 10:37:48 AM »
WFC
« Last Edit: January 14, 2020, 10:51:28 AM by CorpRaider »

gokou3

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Re: What are you buying today?
« Reply #4492 on: January 14, 2020, 11:49:44 AM »
Scorpio Tankers STNG

Broeb22

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Re: What are you buying today?
« Reply #4493 on: January 14, 2020, 02:18:56 PM »
OLLI and EVI

kab60

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Re: What are you buying today?
« Reply #4494 on: January 15, 2020, 09:02:43 AM »
Added to BERY and SAVE the other day below 45 and 40 and took at small position in GUD

BG2008

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Re: What are you buying today?
« Reply #4495 on: January 15, 2020, 09:31:40 AM »
Added to BERY and SAVE the other day below 45 and 40 and took at small position in GUD

BERY should be interesting with the next couple quarters of earnings.  Down 6% volume wise last year may easily convert into up 2-4% this year which still means down 2-4%, but market will likely like it given the current P/FCF.  Refinancing at 1% and 1.5% means an extra $30-40mm of interest savings.   

kab60

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Re: What are you buying today?
« Reply #4496 on: January 15, 2020, 10:33:30 AM »
Added to BERY and SAVE the other day below 45 and 40 and took at small position in GUD

BERY should be interesting with the next couple quarters of earnings.  Down 6% volume wise last year may easily convert into up 2-4% this year which still means down 2-4%, but market will likely like it given the current P/FCF.  Refinancing at 1% and 1.5% means an extra $30-40mm of interest savings.
Yep. If they can grow volumes narrative should change, and debt paydown plus further refi down the line should add nicely to FCF. What nags me a bit is whether their size will start to constrain them down the line in that there are not enough acquisitions that move the needle, but that's some years away and market is still very fragmented. In a 2 pct rate environment I don't see why this should trade at a double digit yield either way.

John Hjorth

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Re: What are you buying today?
« Reply #4497 on: January 15, 2020, 01:36:07 PM »
... What nags me a bit is whether their size will start to constrain them down the line in that there are not enough acquisitions that move the needle, but that's some years away and market is still very fragmented. ...

kab60,

Nothing ever come easy. With a serial acquirer, based on strong operational execution & proved capital allocation skills, you'll never get over the question: "What is the next one, and how will that one look like for me?"

It's just a part of the game, if you invest in [to me, great] stuff like this [BERY].
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

gjangal

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Re: What are you buying today?
« Reply #4498 on: January 15, 2020, 04:02:15 PM »
Added to BERY and SAVE the other day below 45 and 40 and took at small position in GUD

SAVE is interesting here. Cheap and has some growth in it. It is / has opened flying to a wider set of people. Probably has also increased the frequency of flying for some people. Looks cheap with growth. Plane problems in the future be damned, people wanna fly

Thanks for the idea

Devils_Shadow

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Re: What are you buying today?
« Reply #4499 on: January 15, 2020, 05:41:07 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. 
« Last Edit: January 15, 2020, 06:15:50 PM by Devils_Shadow »