formthirteen

Thanks for the reminder. I have a small position in this as well and will buy more next week.

I have some $155 ones expiring a bit later that have been exciting to follow. I'm less excited about META now that Zuck has proven that he makes big mistakes. Due to confirmation bias I thought he was not human but he has made many stupid mistakes in hindsight. He's a family man now so he has other priorities. The government is also trying to prevent META from practicing capitalism and buying smaller companies. META needs a new CEO.

”Valuation of Metals and Mining Companies” - VALUATION APPROACHES AND METHODS FOR DIFFERENT TYPES OF MINERAL PROPERTIES https://app.box.com/s/2xaur14cv86tc77r598u6o9yu13enrot Also check out TPL, BSM, DMLP, MSB, etc. https://horizonkinetics.com/app/uploads/Q4-2020-Review_Final_Approved.pdf

In theory, no. In practice, yes.

quickfs

Top Gun Maverick was really good. I'm a bit surprised that good movies are still being made. The movies during the pandemic have been mostly terrible. Did someone lock up all the good screenwriters? Elon on Netflix:

What is that? LOL.

Thanks. REITs and making real estate work for me is something I have been thinking about as well: STWD and BXMT dividends look attractive and inflation might not be a problem: https://www.reit.com/news/blog/market-commentary/how-does-inflation-affect-reit-and-stock-performance https://www.nareit.com/news/reit-magazine/may-june-2022/where-inflation-heading-rest-2022-and-what-will-be-biggest-impact Statistics etc. is nice, but the devil is in the details. On the other side of Chanos on the long-short spectrum you have BAM:

My first priority wouldn't be to negotiate with someone who I know has no plans on following any agreement I sign. This is a war of ideology, democracy vs authoritarianism, that will continue whatever happens in Ukraine. Showing weakness (being scared, etc.) is an invitation to the next invasion and most of the European countries have once again shown that they have weak leadership. IMO, Ukraine simply needs to be stronger than Russia to solve this problem.

PPG offered 96.75€ in 2017 vs. today's price of 70.74€. PPG P/E 25 vs. AKZA P/E 16. Selling paint is a simple and good business?

No

Thanks. I added Experian to my watchlist. I bought a starter position in RMV recently. There's also Hemnet in Sweden which is similar, AFAIK. B&M European Value Retail S.A. (BME.L) seems interesting, but is not really a small cap. I'm not familiar with JD, but have owned BOO.L and ASC.L in the past.

The valuations in the UK seem to be really cheap at the moment: From: Anyone here been investing in the UK lately? I have bought quite a few stocks, but they always seem to get cheaper except for BATS.L. ADM.L (the "poor man's Geico" of the UK) is a stock I bought recently.

Thanks!

Good thread and ideas. @wabuffo where do you find these special situations? Any opinion on a potential $KSS buyout offers? There has been some speculation about a price above $60. $KSS up 15% from when I started writing this post, LOL.

Investing in myself and building a better life. Falling knives everywhere.

IMO, the Crox pandemic originating from Fort Lauderdale in 2001 is more serious than this ape virus. Agraphia is one symptom. Serious cases have shown symptoms of acalculia. People of COBF be careful out there:

Some BRK. Had a dream about VRSN "to the moon".

One of Buffett's favorites Greg Alexander sold all BABA and bought YNDX (no longer trading for obvious reasons): https://www.dataroma.com/m/holdings.php?m=CM Biggest holding EQH.

Thanks. FCF margins of 40.5% is great, but there are things that are not that great:

Anyone know what happened to Value Line Inc's stock (VALU)? It has more than doubled since Oct 2021... Seems like a great business, even if it's not growing. Maybe it was this tweet that resurrected the stock from the dead, posted by someone on Twitter who is "exposing bad companies"

I also admire his high conviction and would like to have it at times, even when I'm wrong. I think the optimism and conviction is Rob's biggest strength. I took notice of it when listening to his "2021 results" podcast. Sometimes you can win just because you believe in something and don't give up. However, sometimes there's nothing to understand and you get blind to the facts, then the blind optimism is a weakness. That's how I see this, there's nothing I need to understand with so many red flags, which also makes me blind. Anyways, I'm sure CVNA and CACC might be fine 10 years from now. Rob will probably win in any case, right or wrong, he's already earned his fees.

Putting +50% of your clients' money into subprime subprime auto lenders at the top of a bubble is something I don't admire. I admire the natural attraction of optimistic risk takers (Rob, CACC, CVNA). CACC's website: Can't get a loan, don't worry CACC will give you one in 30 seconds. Can't sell your car, don't worry CVNA will buy it without inspecting it. What could go wrong?