Castanza

AIV, CLF, PCYO, MSGS smidge of KIND in the "hope it gets acquired portfolio" with PINS

AIV, CLF

https://warontherocks.com/2022/04/ukraines-military-advantage-and-russias-stark-choices/ Solid Podcast in general, but the Ukraine Russia coverage has been good

Thanks, some solid suggestions

Nice I’ll check it out

Looking for some resort or hotel ideas. Definitely a beach. Ideally all inclusive domestic or international. Anyone have any good or bad experiences at places recently? Hidden gems?

Sure, and the company has become a bit more complex post merger. But long-term I don't see this going way. Humans love to blow each other up and modernity makes no difference (hence Russia/Ukraine). War on the Rocks had a solid podcast recently about how a lot of countries will be pursuing their own defense initiatives internally with a more urgent status. India is a good example as they get a lot of stuff from Russia. So this leads to sharing of some details, diversifying who you're buying from and potentially another arms race.

RTX - It's like Coke but with missiles. Annual FCF 2021 5,008.00 2020 2,539.00 2019 3,953.00 2018 1,203.00 2017 3,617.00 2016 4,713.00 2015 5,103.00 2014 5,385.00 2013 5,745.00 2012 5,216.00 2011 5,531.00 2010 4,882.00 2009 4,527.00

VET, CLF, DAC, MATX Edit: AIV

CLF, X X P/E 2.14 Anyone else looking at this? Net debt down to 1.1b from 2.9 over last 5Q. So another 3Q before debt is gone we could see increased capital return. Share repurchase 123m with 500m still available.

smidge of BC and PCYO

Ted Danson Wall St. Edition

Bring it, I finally have a reasonable cash amount and no margin so I’m ready to lever up on Brk.b at 162 again

BC, PCYO, HTL, NTDOY

lmao have to love iPhone auto correct

If you’re on a VPN for work the adds are pretty random. I’ve been getting the watch, swimsuit and lawn fertilizer adds. If they were targeted, I’d imagine all you old guys would be getting erectile distinction adds jk jk lol

A bit of CLF, X, VET, ATCO, ZIM

That’s just denial though. Same thing had always happened throughout history and especially during modern times. People ignored 70k civ causalities during the GWOT. People in China probably ignore Uighur situation and people in Russia ignored their military buildup.

O&G always makes me nervous, I prefer simple straight forward stuff like TPL. But the setup here looks pretty compelling. Plus it seems to be a theme of mine to jump in small risky positions as of late. I’m looking out 1-2 years with this so I guess we’ll find out!

Starter in VET

SNC

Thx looks pretty interesting, a whole mess of add ons at a seemingly reasonable valuation

Thanks for the idea, not sure if I'm interested though. I think geographical locations will matter quite a bit moving forward for commodities and I'm not sure I want to put a stake down in Chile. From an outsider perspective, South American commodities have long been a risky investment. Also the reliance on state owned assets is a bit concerning (even with contract in place). Edit: I will say the capital return emphasis looks interesting, but still not sure if that's enough

adds AIV, PCYO, PINS, INTC new (small position) CMMC.TO trading at levels from 1 year ago with balance sheet improvements. Hit some operational issues Q4 but are expected to resolve by 2H 22. Trading at like 2.5x cash compared to 9x industry average. Upcoming call April 26th…will be interesting to hear updates on AUS mine. Anyone else looking at the copper/metals segment? Definitely open to ideas as this area is not my forte….

Sure and that makes sense. I mean you have a whole bunch of moving parts that are generally slow as shit to move. It's not too often the stars align where you have low mortgage rates, high wages, abundant properties, low inflation rates, with low consumer debt and near perfect demographics for the "perfect time to buy a home".