flesh Posted March 19, 2020 Posted March 19, 2020 I have done very little with stocks for a year now, busy with new biz. I had a hard money deal pay off last week, good timing. Yesterday the values compelled me to buy. 1/2 of net worth into mo, brk.b, tse, nc, ads, hca, kkr, bac, bk. Fun times, hoping for more volatility. HCA at 66? WTF. Why is fcau, fairfax, and home builders so cheap? Any thoughts on 2 plus year calls on brk vs cheap margin if things get more interesting?
LC Posted March 19, 2020 Posted March 19, 2020 Any thoughts on 2 plus year calls on brk vs cheap margin if things get more interesting? I opted for calls to protect downside. Cost was not much more vs. margin. Until we know more about long-term situation, I felt it was the more conservative choice.
LC Posted March 20, 2020 Posted March 20, 2020 Raised cash - about 20% now. Moved most non-dividend paying holdings into 2 year ITM LEAP exposure. Probably will sit tight for a bit and raise some more cash over the next few weeks, see how this whole thing (starts) to shake out as we approach the warmer months.
Gregmal Posted March 20, 2020 Posted March 20, 2020 Got some GRIF(new ticker for super levered inverse etf) under $30.
Spekulatius Posted March 20, 2020 Posted March 20, 2020 LAMR I hope you are well. LAforeverHall (formerly known as ScottHall) mentioned it on twitter and it’s interesting. The Billboards business certainly will be affected in the near term, but mid/long term I can see this bouncing back quickly.
Uccmal Posted March 20, 2020 Posted March 20, 2020 Raised cash - about 20% now. Moved most non-dividend paying holdings into 2 year ITM LEAP exposure. Probably will sit tight for a bit and raise some more cash over the next few weeks, see how this whole thing (starts) to shake out as we approach the warmer months. I have been buying puts on the up bounces. Sold some stock, some profitable, some at a loss. Probably a net of zero. I cleared all my long orders. The puts are my currency to buy Leaps later on. I figure the US Covid case load exceeds China by Monday morning.
LC Posted March 20, 2020 Posted March 20, 2020 Raised cash - about 20% now. Moved most non-dividend paying holdings into 2 year ITM LEAP exposure. Probably will sit tight for a bit and raise some more cash over the next few weeks, see how this whole thing (starts) to shake out as we approach the warmer months. I have been buying puts on the up bounces. Sold some stock, some profitable, some at a loss. Probably a net of zero. I cleared all my long orders. The puts are my currency to buy Leaps later on. I figure the US Covid case load exceeds China by Monday morning. I am doing the same but with selling short-tenor (1-3 month) calls on the dividend-paying portion of my portfolio. Difficult to exit sometimes, perhaps puts are better in that regards.
pterhx Posted March 21, 2020 Posted March 21, 2020 I have been buying puts on the up bounces. Sold some stock, some profitable, some at a loss. Probably a net of zero. I cleared all my long orders. The puts are my currency to buy Leaps later on. I figure the US Covid case load exceeds China by Monday morning. I've also been buying puts. I started a short position recently on the VIX to hedge off some volatility, but not nearly enough. Exited some of my puts today because I'm not sure if volatility will remain at record highs.
CorpRaider Posted March 21, 2020 Posted March 21, 2020 LAMR I hope you are well. LAforeverHall (formerly known as ScottHall) mentioned it on twitter and it’s interesting. The Billboards business certainly will be affected in the near term, but mid/long term I can see this bouncing back quickly. I am feeling a great deal better thanks. Today was the first real day with nearly normal feeling chest movement. Opened all the windows etc the last couple of days for some fresh air as it has been warm here. Yeah, it seems like a pretty good business long term. Just nibbling. Seems pretty levered, but in better shape than OUT and CCO. I told myself a while ago I would buy at ~ 8x EBITDA. I wonder if they haven't all screwed the business up and made it more cyclical (running right into a period when no one will be outdoor to see their ads) by putting up all these electronic screens. Apparently, yes those digital ads are more responsive, but the contracts are also a lot shorter (as you might expect versus a crew gluing something up there). Bought some BOMN below book earlier this week too. Of course that is their main business and I think they much better b/s. Might be good time for them to do some buying.
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