Kazid

I've been in BUR since late 2021, but built my position substantially as it later traded in the single digit range, especially last March. BUR has a pretty wide range of value based on a number of factors (YPF outcome, meat company price fixing outcomes, and sustainability of economic profits), and I've adjusted that value as time has gone on, mostly upward as the YPF situation has skewed higher. Nah, I'm not trying to flip BUR related to the YPF judgement. So many things could happen here, but I'm not convinced we'll see anything definitive within a year or even two with YPF. With that said, if a favorable settlement was announced tomorrow and the stock went to $30 I'd likely trim...but I don't see that as very likely. It's a long-term holding to the extent it stays undervalued, but at present I consider it extremely cheap and trading close to or under liquidation value. If various factors play out favorably, it has the potential to generate very substantial returns from here, but it's hard to say given how many factors are involved. Along the way, it's very volatile and presents opportunities to trade around a bit, which has helped too. Long-winded way of saying probably long-term with some adds and trims along the way, unless the share price rockets.

41% JOE 38% BUR 21% FC Recently out of SWBI given its run over the run over the past 6 months and relative valuation...would renter in low teens. FRFHF, TRC & NC are on deck for me if 1 of my current holdings' stock price outpaced its fundamentals.

BFH comes to mind. As someone noted, sometimes the story isn't over and it may yet work out, but BFH (old ADS) repurchased tons of stock vastly above the current share price, almost certainly value destructive in light of what's happened since. This approach can definitely fail epically in cases where a firm with rapidly falling earnings or a weakening financial structure dedicates cash to buybacks instead of strengthening the business and/or financial profile, so as is always the case the durability of the business must be considered. I love cannibals, and repurchasing stock takes 1 variable (capital allocation) out of the equation...but it requires we be right on the durability of that earnings stream because if we're wrong not only do we have falling earnings, but also a situation with potential business underinvestment and more debt/less cash than otherwise.

As a new dad of a 10 week old, it's nice to hear everyone's perspectives. I feel you, @stahleyp! I wouldn't give much weight to my comments given n=1 and being so early in the journey, but for what it's worth we are cosleeping and do not plan on sleep training at this point. That could change, but so far we're overall happy with things. Around weeks 3-5 weeks our son started sleeping for 3.5-4.5 hour blocks, and I think around week 6 we got one glorious 5 hour block! It's regressed a bit the last few weeks, but consistently getting 3.5-4 now, with a few 4.5s sprinkled in. Here are some of the patchwork approach of things we've been doing: Sunlight exposure early in the day, preferably some midday, and towards sunset. Just like with adults, this exposure both early and late when the sun is lower in the sky is helpful in setting the circadian rhythm, and thus has some impact on sleep. I believe babies don't start developing this until 2+ months and it's an ongoing thing, but I have to think it helps to some degree. Sample size is small, but we think he does better on days when he's outside more. Having something of a routine at night. Can't tell you the "right" one, but generally trying to create a progressively calmer environment as we approach the first nighttime sleep cycle. Low/no lights. Quiet, calm voices. Gentle music. Not intense playing/jostling. Slow movements. Making sure he gets naps in during the day and does not get overtired. He definitely is harder to get down and keep down when we keep him up too long during the day, normally as a result of visitors. Squeezing in a bit extra feeding closer to bed, so if normally spaced/following cues and it's 2 hours, maybe go 1.5 out from bedtime and right before bedtime to "top off". When he wakes during the night, don't instantly go to him. If he's wailing sure, but general movement or light wimpering let him be. Their sleep cycle is short and they awaken during it, and sometimes (hopefully) put themselves back down after a brief wake. Our son struggles with gas (although getting better) at night, so we preemptively bicycle his legs when we go to bed to help work stuff out so he stays down. We sometimes notice he does not stay down when we don't burp him well enough. Now of course we think we do it well enough, but then we find sometimes he wakes up in 10-25 minutes, we console him, and a burp slips out. Thus we didn't actually get it all out. So really trying to get some solid burps out before putting the baby down is worth it so it doesn't wake them up too soon. We actually hold him during his first sleep cycle and we watch a movie. He doesn't like sleeping while not being held in general, so we hold him, turn off the lights, face him away from screen, and watch a movie on quiet. After he does this first cycle, he is sleepy and stays down better. Who knows what if any of it is helping, but we're making it. Gota love it.