Dinar

No particular reason. Assuming the company delivers on its targets, it is an 8% free cash flow yield to the equity on say 2029 numbers. That's cheap for a business with this kind of pricing power and that should be able to grow volumes beyond 2029.

Yes. They have the best network in NA and the best management team.

Bought CP today and made it a 5% position.

I actually bought CP today.

I think a crucial question is what will happen to catastrophe bonds. If the losses on them are high, you may or may not see a lot of buyers pulling out of that market in January.

Thank you. I did read the link, but from my knowledge of PGR and the link, I did not see why PGR would fail. Yes, I think PGR has been trying to cut Florida exposure for a while.

Could you elaborate? You expect PGR to fail because of its high Tampa exposure? Do you know what PGR's Tampa exposure is? Thank you.

Part of the value in the land, so on the one hand, the rebuilding cost is lower. On the other hand, massive hurricane causes a massive increase in replacement cost due to instantaneous massive demand for labor and materials. So yes, for one house replacement cost may be x, but for a million it is NOT 1,000,000x but say 2,000,000x.

Bought Jan 2027 60 UAL calls yesterday

I have never seen a good one. They are all so bad as to be useless, in my opinion.

This is completely wrong. Here is why: a) It does not take into account private business interests b) It does not take into account real estate, including real estate held for investment c) It does not take into account pensions (and healthcare benefits in the US) which may be worth millions d) It is unable to peer into private partnerships or investment companies or mutual funds held directly by investors. This survey is not worth the paper it is written on and the authors should be fired for incompetence.

What also matters is the level of interest rates. I'd bet that if you graphed the spread between earnings yield vs TIPS or real yield, that spread would show that market is not expensive or even cheap relative to bonds.

There is one.

They also buy back roughly 1% of s/o per annum. Distributions have grown at 9% per annum over the past 15 years. They are very financially conservative

60% below replacement cost, 10% cap rate, 4%+ distribution yield that should grow at around 8-10% per annum.

Why do you think so? Their barge business and wind tower business are inflecting in profitability. I think that the barge business average over the cycle profits (EBIT) will be $120MM+ higher than what is being reported today. CEO bought a million worth of stock $82 and another director bought 6,000 shares at $87 a few weeks ago.

Parsad, you should do the work on Arcosa and New England Realty. Both are insanely cheap.

Who is this person? I would be happy to copy Sir Chris Hohn's moves in real time.

Thank you. Would you mind sharing where you are located, and how high is elevation in the area where you live? Thank you and hopefully you and your family were not hurt too badly by this hurricane.

Lower oil prices hurt Iran, an arch enemy!

Agree on LVMH, not sure about DEO - cognac would be better play (Remy). Not a fan of Diageo in general.

Saudi Arabia announced this morning that they may be willing to accept a lower oil price in order to defend its market share

What are people's favorite ideas among Chinese stocks and why? Thank you.

What are people's favorite Chinese stocks to buy now and why? Thank you.

I think if you look at the results, their organic revenue growth was always below Rollins in the last decade, even before Terminix, so either poorly managed or there is something structural.