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Posted

Been writing GILD puts, would like to acquire some with a basis < $63.

 

Wrote some more 63-strike, Jan 31 expiration puts for $0.60 per share.

 

Wrote GILD 62-strike, Feb 7 expiration puts.

 

Wrote some 62.5-strike Feb 7 expiration puts.  (Edit: $0.40 per share earlier this morning)

Posted

Added a little more BRK

 

Ditto. 1.3x book is not a bad price for Berk esp. as it's a partially "defensive" stock with the cash and traditional businesses, and also exposed to market upside thru Apple

Posted

Added a little more BRK

 

Ditto. 1.3x book is not a bad price for Berk esp. as it's a partially "defensive" stock with the cash and traditional businesses, and also exposed to market upside thru Apple

 

Indeed, on a relative basis its a lot more exciting to me here at 228 than it was at 21x.xx prior to the market going apeshit. You've probably got some favorable news flow heading into the AGM as well.

Posted

I agree. I've increased my exposure recently and written and rolled some puts too. The 1.3 x Book Value is obviously an estimate until the results come out but I think these prices around $228-$229 are almost certainly going to come in pretty close, and Berkshire's portfolio is now above year end prices and has beaten the S&P since the end of September

Posted

MSGN a hair under 15 and DD at 52.7

 

Gregmal - thanks for MSGN idea - out at $17.05    Shrinking share count very compelling. Nice idea. Hope to get another shot.

Posted

MSGN a hair under 15 and DD at 52.7

 

Gregmal - thanks for MSGN idea - out at $17.05    Shrinking share count very compelling. Nice idea. Hope to get another shot.

 

Cheers. Good when people make money. Took some off around there yesterday as well. Its a boring company but should grind out some value, especially if ones trades it. $14-$15 is just too cheap.

Posted

Added a little more BRK

 

Ditto. 1.3x book is not a bad price for Berk esp. as it's a partially "defensive" stock with the cash and traditional businesses, and also exposed to market upside thru Apple

 

Indeed, on a relative basis its a lot more exciting to me here at 228 than it was at 21x.xx prior to the market going apeshit.

 

I've held cash to buy the P/B dips myself, but would have done better buying as soon as I could.

 

21X.XX < 228

Posted

Bought more Linamar, new position in AMA Group.

 

AMA Group looks interesting. Auto repair rollup in Australia with maybe a long growth runway?

https://amagroupltd.com/wp-content/uploads/2019/08/FY19-Results-Presentation.pdf

 

I always enjoy learning about your ideas. Linamars results are very weak in their acquired industrial business, but their balance sheet is improving. It is interesting to learn about their efforts on electric vehicles in their latest investor presentations.

 

*corrected for spelling

Posted

added to DFS, ALLY, BRK.B this week

 

On Berkshire: I feel they should be buying back shares instead of trying to operate Buffet's elephant gun for 50 billion dollar acquisitions. Buffett & Munger have always emphasized looking for 1 foot high hurdles to step over instead of doing the more difficult thing. At their size, buybacks seem like the 1 foot hurdle. I think they will eventually come around to that.

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