gfp

Interesting that the entire SPX has formed a head and shoulders pattern. I'm not predicting it will break down or advocating people should change their investment positioning - but something to keep an eye on since there will be others watching for a close below that neckline.

dirt cheap stocks put out a nice re-cap / summary / case study narrative of when they discovered the ECIP program - a story well told and worth a read for most -> https://dirtcheapstocks.substack.com/p/case-study-3x-earnings-20-of-net

I'm sure the timing to publish this "tip" on 12/30 was just a coincidence.

If my memory is correct, this was one of Todd Combs' early positions when he came on board at Berkshire. I'll have to go back and figure out why I thought that - maybe it was the broker he used or something he said.

At least start here if you are going to post about it - https://blog.bitmex.com/microstrategy-bonds-can-mstr-get-liquidated/

Are you familiar with the type of debt MSTR has outstanding, the maturity dates and amounts due, the terms of the debt, and the equity base of the company?

Good post and I agree but I had to laugh at "I'm old enough to remember 2022"

Your time is better spent worrying about something other than US treasury refinancing.

What is the significance of this chart? What are you trying to convey to us here?

I heard that guy over at Premier Diversified was a value investor

In case you really want a visual - here is 96 onwards. Otherwise, the Annual Report as above https://companiesmarketcap.com/fairfax-financial/shares-outstanding/

Who wants to bet that Fairfax's fixed income team moved further out in average duration during Q4? Big "bull steepening" in the treasury market lately, and Fairfax had already been dipping their toes in the long end.

https://www.fairfaxindia.ca/wp-content/uploads/2024/12/2024_12_December_20-PRFFH-Circular-Filing-Special-Meeting.pdf Special meeting "to approve a one-time deviation from the Company’s investment concentration restriction set forth in its by-laws in order to complete the previously announced acquisition of an additional 10% equity interest in Bangalore International Airport Limited, as more particularly described in the management proxy circular." Special_Meeting_Circular.pdf

Sazerac’s owner Goldring is probably New Orleans’ wealthiest resident. Maybe second after Gayle Benson who owns the NFL and NBA franchises among other valuable businesses. Wealthiest in the state is probably the Raisin Cane’s guy in Baton Rouge depending on what Canes would actually sell for. Sazerac is pretty impressive for a private family owned company. A lot of it is run from Kentucky these days

Nice. All from the Sazerac Company if I remember correctly.

TDW getting some insider activity today https://www.dataroma.com/m/ins/ins.php?t=d&am=0&sym=TDW&o=fd&d=d

No I'm not speculating on index-ers or index-es. Just the usual annual dynamics where I end up with a lot of cash at the end of the year and these short term trades usually work out fairly well. The selling is relentless and then all of a sudden it disappears. Or at least that's the idea. I'm not looking for keepers, just some shorter term things

I noticed NVDA and CB both put in head and shoulders tops. Not huge ones but pretty blatant. Only Biglari and Tesla go up every day

Are these even down for the year? I guess these would be multi-year losses for people but I was thinking along the lines of companies near their 52 week lows this week for a quick bounce into early January.

Looking at the S&P equal weight or S&P "Value" index, they are red every day for 10 days in a row or something like that while the S&P500 is generally flat. Seems like tax loss selling has produced a predictable opportunity for some of these beach balls being held underwater to bounce upwards starting around now. Here is a thread for folks to list their current favorite opportunities that appear to be pushed lower by this dynamic. JOE ? TDW / VAL ? OXY ? I have some that are too small to list. What have you all noticed? List some names, the time for these types of trades is this week edit - I should add that unprofitable short capitulations also count - TSLA would be an example I suppose

Don't do it through DXYZ, that's for sure!

"There's always something to do"

I haven't read this entire discussion so apologies if this is repetitive, but a lot of people know to focus on the cost and utility of float but forget about the added dynamic of float that grows. When Warren talks about the free cash flow coming in to Berkshire every day/month/year he usually deliberately includes the growth of float in that figure. Of the major ways you can finance the growth of your company - new equity capital, various forms of debt instruments, etc. - growing insurance float (on good underwriting) is arguably the most attractive. No dilution of the equity holder, positive cary, no maturity

interactive brokers has had something called 'overnight trading' for a while. The spreads are wide but I have put orders in the overnight market and in the morning it is flashing that there was a fill at some price way above or way below the market for that stock. Had it happen two nights ago on a sell order. I have eight overnight orders in right now and nothing is flashing and I would be surprised if any of them are executed by the morning but you never know when some busy doctor is going to read his twitter and decide to place a trade in the middle of the night. If you actually want a chance at a fill you want to be the best bid or best ask and don't show too much size.

That's a hilarious story! Thank for sharing that