ValueMaven

Bought a bunch today at $270 !!

Awesome. Thank you !! @wabuffo

God I wish I could...

Added to my position here at $295

Yes - most people here allocated in Dec-21 and Jan-22 and have benefited; it was a unique period not likely to be repeated ... personally I'm using this has a semi-illiquid emergency fund.

Berkshire is fairly cheap here given the earnings stability of the business, and Warren's recent capital allocation moves have been brilliant. Ramping up OXY equity aggressive (cost basis in the high $40s vs. common at $70 day), acquiring Y, and some recent CAPEX approvals at BHE in the midwest (one was $3B in regulated electric power lines for renewable energy which was recently approved). We are now also actually earning something on our cash pile as well!

This OXY investment is turning into one hell of an investment for Berkshire. Warrents are deeply ITM now and Warren is sitting on a very nice paper gain in the common stock as well. As of this AM OXY is trading north of $72, which puts the warrents which have a strike of $59 ITM by $13 with 8 years to go. Total economic exposure is something like ~21% of o/s with the $10 preferred as well.

Thank you @Cigarbutt

Yes. If you look at BHE's annual investor presentation they have this as pending CAPEX --- along with another $25B or so of upgrades that are required. This is regulated, long duration return type of stuff - but a great example of a public/private infra buildout which is needed in the USA in a big way.

Added to AAPL, added to TDG as well. I'm starting to see really decent values out there

LBRDP

I took a modest loss in Sirius and swapped into Broadband about a week ago. The buyback story for Broadband is a lot easier for me to understand + I think Charter is oversold. NAV discount is basically -20%, and Charter continues to buyback stock aggressively which is a positive for Broadband which has to sell into it. I like that they sold Skyhook in the quarter as well. We shall see how it plays out. There is also a really interesting Liberty preferred which went from ~$29 to $25 during this whole selloff. It's small, but is noncallable, and has a 7% yield. From the old GCI ideas and is fairly illiquid but is also attractive IMHO if you like that type of stuff.

Yes - I've recently bought LBRDK

No - thank you Sanjeev for everything you do. All good!! @Parsad

I know people HALF WEB's age that ramble 2x as much. Give me a break.

'Take me to an art museum and I just wanna know where the mens room is..' lol

@John Hjorthit's there in the Q .. just search for it ... BTW great to see you posting again! I've always found your insights helpful & interesting! Cheers - VM

wow - what a strong quarter!! MSR is finally turning around/improving. You know if Abel is taking a more active approach to improving operations there?!

Article was total crap. Literally not even worth reading

@thepupilhow about Preferreds? This Liberty Preferred: LBDRP is unique and has sold off very hard recently from about $30 to $26. It's backed by Charter's cash flow and is a legacy preferred in the capital structure from Liberty's merger with GCI. 7% coupon and par is $25 ... so you are getting it at a YTM of high 6% currently

@thepupilstupid question but does an MLP bond issue a K1 like the stock??

@thepupil How about NYSE: MHN ... down 20% YTD, -6% discount to NAV, monthly distribution, distribution rate of 5.6% which is a tax equivalent yield of over 10%+, 85% of the portfolio is rated A or higher ... thoughts?

High quality munis are getting CRUSHED. This tends to happen every 5-7 years. This is an interesting piece of paper. @thepupil thank you for the idea ... I have some research to do ... what other NY munis are on your radar list??

Great stuff. Thank you @gfp