Mandeep Posted March 20, 2009 Share Posted March 20, 2009 I hold: USB, CHK, BAC, HUN You? Link to comment Share on other sites More sharing options...
Viking Posted March 20, 2009 Share Posted March 20, 2009 FFH = 20% BRK.B = 12% ORH = 6% GVC = 2% (Can small cap) Cashable GIC's = 60% In the last couple of days I sold: 1.) smallish positions in WFC, AXP & GE. I bought these a month ago as short term speculation (sorry value guys) and got lucky. 2.) small positions in BRK.UN & CFX.UN as FFH gives me exposure to same names or exposure to sector via other companies. Yes, I took a hit selling these two. Bottom line is I really like how things look with my current portfolio. Link to comment Share on other sites More sharing options...
scorpioncapital Posted March 20, 2009 Share Posted March 20, 2009 BRK: 54% LUK: 46% Link to comment Share on other sites More sharing options...
arbitragr Posted March 20, 2009 Share Posted March 20, 2009 same here ... as I've stated on this board before, BRK-B is my most recent position with a buy in at approx. $2300 BRK-B = 40% roughly (although i wouldn't recommend at current prices (=~$2800 or so )...) and the rest is in junk bonds, short-treasury securities, and commodity related stuff ... Link to comment Share on other sites More sharing options...
Uccmal Posted March 20, 2009 Share Posted March 20, 2009 FFH Leaps: some 2010s, some 2011s; a few hundred FFH common Power Financial Common; IGM common MFC Leaps: 2010 Arc Energy Trust 2011 Leaps: WFC Leaps: 30 or so SBUX Leaps: 40 or so (these are mostly in the money now!) GE Leaps: 20 AXP Leaps: 20 Biggest Position - outside FFH SPY Leaps: 2011 with notional values in the range of $70-85 (Some in the money; some out) SPY June Puts: I bought them this past week on the upturn - cover half my Leaps - dirt cheap insurance against another meltdown Other of possible interest: WFC.pr.l - thanks to the folks on the preferred thread Orh.pr.a and .b Link to comment Share on other sites More sharing options...
Guest Broxburnboy Posted March 20, 2009 Share Posted March 20, 2009 I'm very defensive and downright bearish on the USD and see continued delevering and economic weakness. I believe we crossed a line in the sand yesterday with the US very publicly buying its own debt... in effect borrowing from itself to pay creditors. The spike in precious metal prices was no accident as the trend of investors are flocking to gold and silver is further strengthened. I'm holding FFH as a conventional hedge and have been accumulating technically weak Silver and Gold stocks. My favorites are CDE and NGD. The outcome (or lack thereof) of the coming G20 meeting may provide a catalyst for the further bursting of the USD bubble. Link to comment Share on other sites More sharing options...
Crip1 Posted March 20, 2009 Share Posted March 20, 2009 FFH - 30% MKL - 20% ORH Preferred - 10% BRK - 10% JNJ - 6% LUK - 5% WFC - 5% Cash - 2% Other (spread among 7 smaller holdings) 12% My current delimma is whether to sell off some of the smaller holdings and use the proceeds for undervalued WFC/FFH or for some druy powder. -Crip Link to comment Share on other sites More sharing options...
ericd1 Posted March 20, 2009 Share Posted March 20, 2009 20% BRK 15% PFDs 10% FFH 10% Emgr Mkt ETF 10% Bond Funds 5% WFC & MS 10% Cash 20% speculative misc Link to comment Share on other sites More sharing options...
watsa_is_a_randian_hero Posted March 20, 2009 Share Posted March 20, 2009 About 50% FFH common 10% FFH Options 7% ORH Preferred 5% WFC Preferred 3% IBN Smaller positions in A Chinese Beverage Bottler Beijing International Airport DELL Leap spreads GE Leap spreads EBAY Leap spreads TGT Leap spreads SPY Leap spreads BAC Preferreds Carmax Overstock Link to comment Share on other sites More sharing options...
Partner24 Posted March 20, 2009 Share Posted March 20, 2009 scorpion capital, I like your focus. Cheers! Link to comment Share on other sites More sharing options...
scorpioncapital Posted March 20, 2009 Share Posted March 20, 2009 Buffet on a recent bloomberg interview made a very interesting investment point I've never seen articulated anywhere else. He said something along the lines of, 'if this investment I made won't do well, then neither would have some other investment I had or contemplated making'. I see very few scenarios where some companies will do well while others won't if the general economy is lousy. Conversely when it improves lots of stocks will go up - alot, whether some more than others is a question of how much of the pie you personally want, but all the names I've seen listed here have potential to rise more than the average so choosing *any* of them is just as good as choosing any other - assuming you've considered the catastrophe risk. Link to comment Share on other sites More sharing options...
Santayana Posted March 20, 2009 Share Posted March 20, 2009 50% cash 15% FFH 10% NLY 5% various long positions (MO, LINE, ORH, ...) 20% SPY puts of varying strikes/expirations Link to comment Share on other sites More sharing options...
Guest ericopoly Posted March 20, 2009 Share Posted March 20, 2009 'if this investment I made won't do well, then neither would have some other investment I had or contemplated making'. Does this statement make sense: If an investment in Nordstrom won't do well, then neither will an investment in Walmart. Link to comment Share on other sites More sharing options...
nodnub Posted March 20, 2009 Share Posted March 20, 2009 I think Buffett is saying: of all the businesses serious considers buying, he expects all of them to do well over the long run. If the one he purchases doesn't do well - he expects it will be due to large economic problems that will pull down the other considered investments as well. Walmart and Costco might make a better analogy. Link to comment Share on other sites More sharing options...
kyleholmes Posted March 20, 2009 Share Posted March 20, 2009 Crip 1 and Scorpion Capital.... really like your focus on buying cheap, well run, owner capitalism type jockey positions. Being in these guys vehicle is not a bad idea! Link to comment Share on other sites More sharing options...
Guest ericopoly Posted March 20, 2009 Share Posted March 20, 2009 I think Buffett is saying: of all the businesses serious considers buying, he expects all of them to do well over the long run. If the one he purchases doesn't do well - he expects it will be due to large economic problems that will pull down the other considered investments as well. Walmart and Costco might make a better analogy. I agree that he is trying to say that a falling economic tide will lower all boats. I live on an island, we have boats in the harbor and you can walk out on the docks. One of the first observations you'll make is that the boats closer to the shoreline are in shallower water than the ones docked farther from the shoreline. Walmart is one of those boats docked in the deepest water. The worse economic times we see, the more people will leave other stores and shop at the one with the lowest prices. Same goes for Costco, but he said "of all the buusinesses that he seriously considers buying". Some of the other considered investments won't just be pulled down as the tide falls, they'll be on dry land. Bank of America (another Berkshire investee) for example, if things get bad, will be toast before Walmart. Really, it depends on how bad things get. -- how far will the tide go out. Bank of America is in shallower water than Walmart. I don't mean the present stock price, I mean the real risk of common equity survival/dilution if the economy heads into Great Depression territory. Buffett is much smarter than me, and he made a bigger investment in Bank of America than in Walmart. But I don't think he can argue that if common equity at Bank of America gets wiped out then the same conditions exist at Walmart. Anyways, he speaks in generalizations and I'm pretty sure that if asked he'd say sure, common equity dilution is a risk at BofA long before it becomes a possibility at Walmart. Link to comment Share on other sites More sharing options...
Uccmal Posted March 20, 2009 Share Posted March 20, 2009 Ericopoly, This thread was titled "what are you guys holding right now?" To me, it appeared not to be a thread that was designed to start another debate. Just a survey. Give us a little bit of a break, please. thanks, Al. Link to comment Share on other sites More sharing options...
Parsad Posted March 20, 2009 Share Posted March 20, 2009 What are you guys holding right now? A sandwich in one hand, and a cup of coffee in the other. I'm typing with my toes! ;D Cheers! Link to comment Share on other sites More sharing options...
Guest ericopoly Posted March 20, 2009 Share Posted March 20, 2009 Ericopoly, This thread was titled "what are you guys holding right now?" To me, it appeared not to be a thread that was designed to start another debate. Just a survey. Give us a little bit of a break, please. thanks, Al. Congratulations, full member #2. Link to comment Share on other sites More sharing options...
Uccmal Posted March 20, 2009 Share Posted March 20, 2009 So Eric, What are you holding right now? Mean skill, that toe tapping Parsad. I remember a co-worker years ago who decided to photocopy his face. Afterwards he stumbled around blind for half an hour. I settled for my backside. Link to comment Share on other sites More sharing options...
StubbleJumper Posted March 20, 2009 Share Posted March 20, 2009 What are you guys holding right now? A sandwich in one hand, and a cup of coffee in the other. I'm typing with my toes! ;D Cheers! Really? FFH's stock price is flat today. Maybe you should add a salad or fries to your sandwich...... Link to comment Share on other sites More sharing options...
Guest ericopoly Posted March 20, 2009 Share Posted March 20, 2009 So Eric, What are you holding right now? Mean skill, that toe tapping Parsad. I remember a co-worker years ago who decided to photocopy his face. Afterwards he stumbled around blind for half an hour. I settled for my backside. I don't have any short positions, so anything I write can be assumed to be a long position: Shares&calls: BAM shares (was initially an 11% position but sold two days ago after a quick pop and will buy look to buy again in the next big crash) ICO shares 2% (bought three days ago), wrote $2.50 strike covered calls for income. I swapped BAM for ICO -- just one inflation hedge for another. I think ICO has more potential upside ($10+), so I bought a lot less of it as it has more hedging power per dollar. I should add that I don't think inflation will be a problem before 2010, so I don't mind capping it at $2.50 for now. LVLT shares 5% (bought four days ago) -- I like watching HD movies on my XBox 360. FFH calls at 150% notional (most of it is now at-the-money and financed with writing puts) OSTK 1% (I write covered calls at $10 strike every month for income) LUK 1% (I write covered calls at $15 strike every month for income -- made $1.20 the past month) PUTS: GE (partially closed), AXP (partially closed), WFC (partially closed), USG, MSFT(closed), ACF, LUK, OSTK, SHLD, RWT) My puts are to finance my FFH calls. I will be opening the closed ones again in the next crash. Oh yes, forgot to mention one thing. I have 10.619 shares long in MSFT. The 10 shares were my 10 yr service award (my lavish bonus), and the .619 is a turd from ESPP stock. Link to comment Share on other sites More sharing options...
Parsad Posted March 20, 2009 Share Posted March 20, 2009 Really? FFH's stock price is flat today. Maybe you should add a salad or fries to your sandwich...... Hey I think Prem should just buy shares back, rather than me carrying the load...literally carrying the load if I eat those fries! Cheers! Link to comment Share on other sites More sharing options...
mpauls Posted March 20, 2009 Share Posted March 20, 2009 I'll throw you guys (and gals) a few out of appreciation for the new site: Ambassador's Group (EPAX), Soapstone (SOAP), be careful w/ this one: Arcandor AG (ARO GR). Oh and BRK-A. Link to comment Share on other sites More sharing options...
oec2000 Posted March 22, 2009 Share Posted March 22, 2009 10% in combo of long FFH Calls, short FFH puts & FFH/ORH Common (mostly FFH Calls; effective notional long exposure 40%). 20% preferreds (80:20 US: CDN) 10% Asian stocks 5% in basket of energy and gold stocks. 5% in basket of small caps. Balance in cash. Waiting for opportunity to increase exposure to energy sector to 20% and good quality large caps (Buffett type stocks). If/when companies underlying the preferred holdings stabilise, will borrow up to total cost of preferreds to buy more of the other positions. The high yields (on cost) of the preferreds will self liquidate the borrowings relatively quickly. Link to comment Share on other sites More sharing options...
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