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ValueMaven

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  1. https://www.wsj.com/finance/stocks/apple-is-buffetts-best-investment-its-also-now-one-of-his-riskiest-fb11f9a2?mod=hp_lead_pos3

     

    This time, Buffett asked Combs to identify a stock in the S&P 500 that met three criteria. The first: a reasonably cheap price/earnings multiple of no more than 15, based on the next 12 months’ projected earnings. The stock also had to be one the managers were at least 90% sure would enjoy higher earnings over the next five years. And they had to be at least 50% confident that the company’s earnings would grow by at least 7% annually for five years or longer.

    Combs’s research pointed to Apple, the same stock Weschler had already purchased.

  2. Have been buying the $1,000 GS Preferred's with a coupon of 7.5% !!  Currently trading at $101 - so the YTM is 7.3% or so.  Institutional Preferred' so do you dont have idiot ETFs/PFF swinging the prices around.  I view this as 'Cash Plus/Very Low Risk' 

  3. Very odd - FRFHF opened down nearly -4% today in the US Market.  Was able to add more in size around the ~$1055 level USD.  Just very odd opening action in the first 10-15mins of trading.  Has since normalized a bit.

  4. Does anyone have a good premier, or source for the industry?  You have Waste Connections, Waste Management, and Republic Services which have been very successful overtime.  

     

  5. Stupid idea - but what if FFH liquidated its $16B equity portfolio, and tendered for 2/3rds of the company outstanding shares ?  

    Yes - you'd have serious taxes, but you'd get a huge spike in BV, EPS, and Float per-share.  Plus you'd have massive income generating from the bond portfolio. 

  6. WEB sounded almost depressed.  I get BNSF and BHE weakness - but these are super valuable assets.  In some ways I think he is really trying to talk down how special these are.  Nothing on MSR which is seeing really solid results.  

     

    I dunno - I was left wanting more ... 

     

    Also - why does he not publish the top 10 equity positions anymore??

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