james22 Posted February 20 Share Posted February 20 23 minutes ago, WayWardCloud said: Would love to hear more about this! Check the MSTR thread. Since the Bitcoin ETFs approval, I've come around. Link to comment Share on other sites More sharing options...
CGJB Posted February 21 Share Posted February 21 9 hours ago, james22 said: 15% MSTR Mind sharing what your average cost is? Link to comment Share on other sites More sharing options...
james22 Posted February 21 Share Posted February 21 6 minutes ago, CGJB said: Mind sharing what your average cost is? $606 From $480 when swooned after the ETF launch to just recently at $700. Took me some time to get comfortable with the position sizing (I'd been uninterested in BTC before the ETF approval, and I'm somewhat risk-averse since retired). Just seems a pretty unique opportunity - not often a new asset class comes around. Still seems early enough to get in (before BTC hits its ATH). And it's unlikely the entry point will matter much in the long run anyway. BTC will most likely do either really, really well or really, really poorly. Link to comment Share on other sites More sharing options...
nsx5200 Posted March 6 Share Posted March 6 On 2/5/2024 at 10:19 AM, Spekulatius said: Should have monetized my “unique insight” better. Thought about buying some short dated puts but those things work maybe 1/3 or 1/4 times for me, so left it alone. I very much like the industrial gas business. It’s like having a small royalty on industrial growth Each semiconductor fab build in the US will consume technical gases as long as they operate. This is a structurally advantaged business because once a supply is locked in, the customers rarely switch and the suppliers are highly concentrated. (Air Liquide, Lind, APD, Nippon Sanso (Matheson in the US) ). Those business will grow for decades and likely more than the GDP. Do you have links/insight into what kind of process and gases are used in the semi manufacturing? It may be something I will need to ramp up on. TIA Link to comment Share on other sites More sharing options...
Spekulatius Posted March 6 Share Posted March 6 (edited) 11 hours ago, nsx5200 said: Do you have links/insight into what kind of process and gases are used in the semi manufacturing? It may be something I will need to ramp up on. TIA Mostly noble gases like Argon, Helium etc, then likely Nitrogen, some Hydrogen and gases used for reactive processes and doping (fluorides, boron and phosphor chemicals etc). I suppose. Every vacuum deposition and etch process needs technical gases. Edited March 6 by Spekulatius Link to comment Share on other sites More sharing options...
Ross812 Posted March 6 Share Posted March 6 On 1/2/2024 at 9:12 AM, Ross812 said: 26% FFH 9% BRK.B 9% $ 6% USB 5% LUV 5% NTDOY 5% HQI 4% ADSK 4% GOOGL 4% DFIN 4% MSGE ($30 CCs on full position) 4% CASH ($50 CCs on full position) 3% HUM 3% NNI 2% TOITF 2% CHDN 2% HSY 2% JCI 1-2% in tracking positions - BAC, ASHTY, LHX, META, CPNG calls, BABA, BABA calls Thought I'd check in on this: 26% 29% FFH 9% BRK.B 10% $ 6% USB ($44 to$50 calls on full position) 5% 6% LUV ($35 to$40 calls on full position) 3% 6% NNI (Adding) 5% NTDOY 5% HQI (Adding) 2% 4% HSY (Adding) 2% 4%TOITF 4% ADSK 4% GOOGL 4% DFIN 4% MSGE ($30 CCs on full position) 3% CASH ($50 CCs on full position) 3% HUM 2% CHDN 2% JCI 1-2% in tracking positions - BAC, ASHTY, LHX, META, CPNG calls, BABA, BABA calls Link to comment Share on other sites More sharing options...
Kazid Posted March 13 Share Posted March 13 41% JOE 38% BUR 21% FC Recently out of SWBI given its run over the run over the past 6 months and relative valuation...would renter in low teens. FRFHF, TRC & NC are on deck for me if 1 of my current holdings' stock price outpaced its fundamentals. Link to comment Share on other sites More sharing options...
valueventures Posted March 13 Share Posted March 13 2 hours ago, Kazid said: 41% JOE 38% BUR 21% FC Recently out of SWBI given its run over the run over the past 6 months and relative valuation...would renter in low teens. FRFHF, TRC & NC are on deck for me if 1 of my current holdings' stock price outpaced its fundamentals. 38% to BUR is impressive. I have a small position. Are you hoping for a quick flip from the YPF judgment or is this a longer-term holding for you? Link to comment Share on other sites More sharing options...
Kazid Posted March 13 Share Posted March 13 I've been in BUR since late 2021, but built my position substantially as it later traded in the single digit range, especially last March. BUR has a pretty wide range of value based on a number of factors (YPF outcome, meat company price fixing outcomes, and sustainability of economic profits), and I've adjusted that value as time has gone on, mostly upward as the YPF situation has skewed higher. Nah, I'm not trying to flip BUR related to the YPF judgement. So many things could happen here, but I'm not convinced we'll see anything definitive within a year or even two with YPF. With that said, if a favorable settlement was announced tomorrow and the stock went to $30 I'd likely trim...but I don't see that as very likely. It's a long-term holding to the extent it stays undervalued, but at present I consider it extremely cheap and trading close to or under liquidation value. If various factors play out favorably, it has the potential to generate very substantial returns from here, but it's hard to say given how many factors are involved. Along the way, it's very volatile and presents opportunities to trade around a bit, which has helped too. Long-winded way of saying probably long-term with some adds and trims along the way, unless the share price rockets. Link to comment Share on other sites More sharing options...
valueventures Posted March 17 Share Posted March 17 On 1/1/2024 at 8:20 PM, Xerxes said: Here is mine. I barely change much year over year. I don’t use any ETF or funds. Just direct equities. And don’t do trims and shavings. The first four cover 45% of the portfolio Asset managers: FFH/FIH 17% Berkshire 12% BN/BAM and subs. 8% Onex 7% Resources: Exxon. 6% Barrick. 3% Stelco. 2% Oxy. 1% Technology: Amazon. 8% Alphabet. 7% Mercadolibre. 4% IAC et al. 2.5% Operating businesses: Couche Tard. 5% RTX. 5% Walt Disney. 3.5% GM. 2.5% Bombardier. 2.5% Starbucks. 1% Curious what your thesis is on MELI and why it's in your tech exposure. Thanks! Link to comment Share on other sites More sharing options...
Xerxes Posted March 18 Share Posted March 18 23 hours ago, valueventures said: Curious what your thesis is on MELI and why it's in your tech exposure. Thanks! Hi Valueventures, To be perfectly frank, i don't follow Mercadolibre that closely. I figured that a management team that build up this juggernaut over 20 years spanning a dozen countries with different jurisdiction, inflation, and other country-specific challenges (a moat one might say) is far better equipped to re-invest that next $1 incremental of value than me going over their 10-K and pretending i understand. So it is on auto-pilot for me, I just lumped inside a technology bucket, but perhaps should be under "operating businesses". I agree that it is more than technology firm as it owns logistics, payment solutions etc. Walt Disney and RTX that I own are also technology companies with a focus in media and A&D. But I put them on operating businesses and not technology. For clarity, i don't target any specific % allocation to any bucket. It is all random. Link to comment Share on other sites More sharing options...
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