Your largest equity buy in the last three months is...(long term buys mostly)

[bennycx]

On 8/26/2024 at 11:13 PM, bennycx said:

Verisign.. not much to say other than it is boring. Downside I think is limited. Upside most analysts don't see much but I am hoping for some surprise, e.g. price increase, more website registrations, potentially M&A etc..

Interesting Berkshire added a small bit after not buying for such a long time

[Dinar]

I bought quite a bit of Heidelberg Materials, made it a 4.5% position

[formthirteen]

4 hours ago, bennycx said:

Interesting Berkshire added a small bit after not buying for such a long time

 

 

Edited December 20, 2024 by formthirteen

[thepupil]

https://www.bankofutica.com/about/tv-commercials/ethnic-restaurants.php

 

13%-er at average of $440 (started at $372 ended at $500+)

 

yea, I'm a crazy person

Edited December 20, 2024 by thepupil

[73 Reds]

14 hours ago, thepupil said:

https://www.bankofutica.com/about/tv-commercials/ethnic-restaurants.php

 

13%-er at average of $440 (started at $372 ended at $500+)

 

yea, I'm a crazy person

My own businesses.  Always and often.  An important ingredient is having a receptacle for reliable investment at returns well above cash so there is never any need to hold an outsized cash position or stretch for returns in public markets.   

[bennycx]

17 hours ago, formthirteen said:

 

 

ok, what do you imply? expensive? cheap?

[hasilp89]

18 hours ago, Dinar said:

I bought quite a bit of Heidelberg Materials, made it a 4.5% position

Have you looked at sigma-roc / any thoughts?

[Dinar]

4 minutes ago, hasilp89 said:

Have you looked at sigma-roc / any thoughts?

I have a while ago, I did not like it.  I do not know European assets well enough (for Heidelberg the value of the US assets = 125% of EV + you get the rest for free.  Assuming the  rest is worth a 16x net income, the stock is a two and a half bagger) and I hate dilution and lack of insider ownership.  Heidelberg benefits from a 25% shareholder, big enough to care, not big enough to do something stupid and not be overturned.

[SafetyinNumbers]

My biggest add in the past 3 months is SCR.TO or Strathcona Resources. It’s buy and hold investment in oil which most people aren’t comfortable with but this is a growth and capital return story with top of class management.

 

If you have a spare 48 minutes I suggest watching Adam Waterous present at the SCR Investor Day on Nov 14. The stock gapped up that day and has since pulled back below to where it started as oil markets have been a bit squishy and everything else was going up faster. 
 

https://www.strathconaresources.com/investors/#presentations

Edited December 21, 2024 by SafetyinNumbers

[DooDiligence]

My big adds for 2024 are Edwards Lifesciences (2013) and Novo Nordisk (2016).

Here's to averaging up.

[formthirteen]

21 hours ago, bennycx said:

ok, what do you imply? expensive? cheap?

 

The numbers speak for themselves. For example, see EPS growth. It's cheap enough that I have parked some cash in VRSN.

 

[hasilp89]

Thanks will have to take a look

On 12/21/2024 at 7:33 PM, Dinar said:

I have a while ago, I did not like it.  I do not know European assets well enough (for Heidelberg the value of the US assets = 125% of EV + you get the rest for free.  Assuming the  rest is worth a 16x net income, the stock is a two and a half bagger) and I hate dilution and lack of insider ownership.  Heidelberg benefits from a 25% shareholder, big enough to care, not big enough to do something stupid and not be overturned.