Gregmal

Yea 7

Nah Mark is super conservative. Been at the company for decades and has a lot of his net worth tied up in it. The track record is excellent. Total home run and definition of opportunistic. Look at what they paid for the 900 acres. But otherwise you’d have trouble finding further evidence bc they haven’t done much else. But I do think a buyback is becoming increasingly likely. The board has been reshaped over the years and is definitely shareholder oriented. But you hit the nail on the head. You can’t destroy the company and don’t need to do much to justify $250m EV.

Yup. Harding is excellent as well. Candid and trustworthy, although a tad timid with the cash. But overall, an inflation proof company with hard assets that an idiot could buy and hold, and blindly buy the dip on at these levels and long term make out alright. Not the worst thing given the overall market uncertainty.

There’s a thread on it and the story is still pretty much the same. Just treading through the whole “time” aspect of the story. Q3 we should really start seeing some fun stuff. But elevator pitch is simple. You’ve got enough water to support a few good sized cities. $1.8b in “eventual” dollars. And the Sky Ranch project currently in phase 2 which should generate cash in excess of the current market cap over the next 5-7 years or so. As the homes get built the recurring revenue from water services grows. Oh yea, it’s all happening in one of the fastest growing MSAs which also happens to be facing a water shortage; Denver. Basically a JOE Jr.

That is indeed awesome. Kim is a huge closet Amerifan. Supposedly has like a 5,000 dvd collection of American movies, signed sports and movie memorabilia, and all sorts of designer clothing

Yea you can tell someone is desperate so Ive just been hanging out and waiting for asks to come in. Under 12 been whacking 3,000-5,000 share lots all week.

Bought a boatload of PCYO this week from whatever loser is trying to exit.

bonds, garbage cash, garbage hard assets, good stocks, probably good enough seems simple enough.

With this administration, its definitely possible. I ve made a fortune betting on their incompetence.

Mainstream Media. NYT, Wapo, Fox, CNN, MSNBC. Under that is the smaller but even more insidious offshoots. Stuff like Huffington Post or Atlantic. Basically the storytellers who have 90% marketshare because of the herds/tribes. The truth is almost NEVER what these guys are peddling. Its either somewhere in between or often THE EXACT OPPOSITE. This matter is only made worse and compounded now by the censorship of big tech.

The answers to most issues/problems are out there. The truth isnt hard to see if you want to. You just have to find it. There will always be differing nonsense available to feed ones biases, the internet in general and MSM assure this. Same as all the question marks with China, the Fed, Russiagate 2017, etc. There were people who hoarded cash and gold through the most glorious decade in investing history because they had sources they got duped into believing were credible feeding them what they wanted to hear for the entirety of it. They insisted on relying on those sources either out of fear or out of pride; but bottom line is they could have realized their thesis was shit when it didnt work for the first few years but they chose to stick with it rather than change course and start making money. Nonetheless you know you are getting taken for a ride when things just never quite seem to work out the way they're advertised. And its why people so often end up selling when they should be buying or buying when they should be selling. In a certain way, everything is kinda rigged.

Yea I am a big fan of the lack of syringes on the beaches in Bermuda. Very underrated vacation spot

People from all over the world go to Florida for the white beaches and turquoise water. The majority of folks in NY don’t get this because they’re told white beaches are racist.

I mean this is pretty much what they’ve been telling us will happen the entire time. When we see the inflation numbers coming out and the Fed keeps saying they’ll do a single digit number of 25-maybe 50 basis point hikes….not sure what math folks as using to get to substantially higher rates.

The idea that higher rates will kill everything is largely academic. There is a reason rates are going up. Simple equation. Because of A and B you get C. But if folks wanna completely ignore A and B and just say C will kill the economy... be my guest. Its working well for me.

Yawn. Markets will give you whatever you are looking for. Reason to be fearful, reason to be greedy, reason to love the hysteria or reasons to fall victim to it. We all end up with what we put into it.

Amazing how out of all the MSM fact searching and fear mongering…. And “analysis” that took place regarding this Ukraine situation on this site, this short little quip manages to be the most prescient and actionable. Well done wabuffo

Why can’t we all just agree to make tons of money off this nonsense? It’s highly predictable and literally raining money and “the market” is still red on the year!

Well that’s what happens when everyone gets scared and sells their stocks for exaggerated, often media narrative inspired reasons.

Yo so anyone given any thought to the future of office? I’ve kicked it around a little and strikingly it kind of looks IMO, like a lot of what WeWork kinda does???? Used the recent volatility to get about a 1.5% position so nothing high conviction….but I think we can all agree traditional office is kinda challenged. Probably meaningfully changed, forever. Interesting to see where it goes. A lot of other favorable stuff with WE as well ranging from dismal reputation, to spac, to recent IPO or whatever. Why the opportunity exists type stuff.

Between this and now investigating concert ticket prices I feel like these guys are doing everything we elected them to do!

Shorting the weekly OXY puts looks better IMO. Worst case you'll own the stock lower than where Buffett is buying. Ideally you make 3-8% a week doing nothing.

Yea I think you guys are getting a little carried away. I tend to agree with the rational @changegonnacome puts forth in terms of the logic to the events unfolding. Then again I also stunned myself in finding modest agreement with Bernie and AOC in regards to the role of American imperialism in all this...so who knows. Such are the perils of independent thinking.

MSGE you want to own in addition to MSGS. They used to be the same entity and have synergy/hedge features but mainly both are stupid cheap, hold irreplaceable assets, unlevered, and the E also has a very under appreciated ability to generate cash flow going forward. No opinion on BREIT. Personally, you couldn't pay me to own a private market REIT bc they pay shit and you can do better in the public markets, even if its just selling OTM puts or trading fluctuations.

Throw in the MSGs(E+S) and you've got a good list.