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sarganaga

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Everything posted by sarganaga

  1. British American Tobacco (BTI) yesterday Gazprom (OGZPY) today
  2. We have significantly more than $1.3 million and no debt. No mortgage or loans, credit cards paid off entirely each month. It's been like that for over 30 years. It's been much easier/less stressful to take business and investment risks on a cash basis. I can see how far down is. I realize this is not the best path for everyone, but it's worked well for me.
  3. Thanks for sharing your work. Good luck.
  4. Yup, lots here too. A bit less than 4% for me.
  5. Can you share any compelling writeups that you've come across? Hey, here's a podcast episode going into the details of the company and the investment case. Basically its just a really cheap telecom company with 100-200% upside and a heavily incentivized CEO to unlock that value. Thanks for the podcast link. This is a very informative discussion about Lumen (LUMN) that starts with the merger of Century Link and Level 3 in 2017. Good listen!
  6. Can you share any compelling writeups that you've come across? Michael Burry likes the stock. This article from Seeking Alpha and the discussion which follows lays out most of the bullish and bearish arguments https://seekingalpha.com/article/4405414-lumen-reports-solid-fourth-quarter Bears see declining revenue, lots of stock compensation for management, some still butt hurt over dividend cut awhile back after management indicated it was safe. On the positive side for me Lumen generates quite a bit of cash flow that it's using to pay down debt substantially. That's what they said they were going to do when they cut the dividend. A well covered dividend north of 8%. Michael Burry's involvement helps me convince myself that I'm not just being a misguided yield whore. Value investor, Mason Hawkins, has it as his largest position across his Longleaf funds. He's underwater having owned it since 2017. He met with Lumen management in December and added to his position. FWIW his performance has been grim as it has for many real value managers. There's a wide discrepancy between what believers and unbelievers see as true value for this one. I'm choosing to see the glass half full. A bit less than 4% position for me.
  7. CK Hutchison (CKHUY) slightly less than 4% position now
  8. Enterprise Products Partners (EPD) Lumen (LUMN)
  9. I've had a soft spot in my investing heart for silver for a long time. I made my first serious money trading silver back in the 1970's during the Hunt brothers' silver exploits. I sold my futures contracts too soon and my junk silver too late, but still made life changing money for me at the time. I've owned a bit of coins and bars since the late 1990's. We'll see how this goes.
  10. WallStreetBets folk appear to be attacking silver shorts. https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver Large precious metal dealers such as Apmex & Kitco who normally operate 24/7 are shut down with very large silver supply drawdowns Friday and Saturday. Anecdotally, the same appears to be true at most local dealers. The fun and games continue.
  11. Sold the last of Schwab US Dividend Equity (SCHD) which gets me completely out of US equities, although I still have about 10% 1n energy royalty trusts.
  12. Saw some recent click bait inviting you, yes you, to join Sarah Palin for the American Prosperity Summit. There you can learn how she has been able to make as much in two weeks as investment professionals might make in two years. Not exactly stock tips from the shoeshine boy, but still... Also, my auto mechanic has gotten interested in day trading.
  13. Oil & Gas Pipelines (PAGP, OGZPY) 4% U.S. Dividend Stocks (SCHD) 6% Timber (ACAZF) 6% Emerging Market Bonds (TEI) 6% Oil & Gas Royalties CRT, DMLP) 8% Cash 15% Emerging Market Value (FEMS,DEM) 22% Gold 33%
  14. For tonight, our next to the last bottle of 2000 Chateau Branaire (Duluc-Ducru) - St Julian. Probably open a newer Bordeaux later or just sip on some Diplomatico Reserva Exclusiva. Happy New Year All
  15. This is a great find. Thanks for making it available to the forum.
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