What are you buying today?

[Gregmal]

Why buy any bank? Just buy BRK.

[Guest cherzeca]

JOE

 

[CorpRaider]

Mild form of mental illness is the most likely reason.  Charitable explanation: same reasons Buffett is buying BAC except I'm unfettered by public perception and/or a huge commercial banking relationship with Wells leading to additional regulatory hurdles.  I also think it has better franchises (or at least mix of businesses) and more hidden earnings power (like BAC in 2012, but maybe even more).

[Xerxes]

Bought RTX (added) and L3 on Monday.

Fascinating the RTX break up delivered good value to UTC shareholders that decided to keep Otis and Carrier.

 

I also bought Barry Diller’s InteractiveCorp post-match spin-off.

It is the only internet company that is cheap from market value vs sum of the parts AND has a low base for growth.

[york]

Added Dundee Precious Metals - Being able to buy these guys on Friday below $10 was a treat I'm not sure we'll see again for a while.

[kab60]

More Cambria Automobiles... US and Chinese auto dealerships having a good time, Motorpoint also back up, but Cambria isn't much up since the lows. No liquidity so takes time to get some shares.

[jgyetzer]

IAC, LBRDA

[Gregmal]

Bought a few Oct VIX $35 calls as my August ones roll off worthless. Also bought a small bit of BTI.

[LC]

Also bought a small bit of BTI

 

Welcome to the club of 5 folks here invested in tobacco. We're always craving the next dividend hit and afraid of cancerous price movement.

[perulv]

I've been buying Intel in the last days. The low price, high ROA and long term steadily-ish growing earnings was just too tempting. I have no idea if and/or how quickly AMD will continue to steal market share. But then again, that marked will probably continue to grow.

[rkbabang]

I added a little to UI.  They should be releasing earnings soon and with everyone working from home and companies large and small upgrading networking equipment, I think the expected earnings are way too low.  Also they have been buying back shares and I expect they bought back a lot when prices were low.  Even if I'm wrong about this qrt this is a long term hold for me.

[Castanza]

I've been buying Intel in the last days. The low price, high ROA and long term steadily-ish growing earnings was just too tempting. I have no idea if and/or how quickly AMD will continue to steal market share. But then again, that marked will probably continue to grow.

 

Same, not to mention there are over a dozen segments which AMD doesn't compete with Intel in.

[Saluki]

been picking up a little kinder morgan (KMI) whenever it dips below 15.  Still a small position, but I think I'll have some time to build on it as I sell off other things i own that get fully priced.

[LC]

I added a little to UI.  They should be releasing earnings soon and with everyone working from home and companies large and small upgrading networking equipment, I think the expected earnings are way too low.  Also they have been buying back shares and I expect they bought back a lot when prices were low.  Even if I'm wrong about this qrt this is a long term hold for me.

 

Thoughts on competition from cheaper producers (mostly foreign e.g. tp-link)?

 

Ubiquiti makes great products. And I think from an investment perspective they are attractive in certain lights (crackdown on Chinese networking gear, for example).

 

But ultimately how do you get comfortable paying 35-40x earnings for a networking hardware producer? That is what is keeping me from dipping toes in.

[rkbabang]

I added a little to UI.  They should be releasing earnings soon and with everyone working from home and companies large and small upgrading networking equipment, I think the expected earnings are way too low.  Also they have been buying back shares and I expect they bought back a lot when prices were low.  Even if I'm wrong about this qrt this is a long term hold for me.

 

Thoughts on competition from cheaper producers (mostly foreign e.g. tp-link)?

 

Ubiquiti makes great products. And I think from an investment perspective they are attractive in certain lights (crackdown on Chinese networking gear, for example).

 

But ultimately how do you get comfortable paying 35-40x earnings for a networking hardware producer? That is what is keeping me from dipping toes in.

 

Yes the valuation has gotten a little rich.  I bought most of my shares in 2017 and have only added a little bit here and there since.  Basically I like the management and the products and how they run such a light operation, yet still manage to compete with the big guys.  If it's one mistake I make over and over again it is selling companies that are doing great with management I like because of valuation (like when I bought NFLX under $3 (split adjusted) and sold at $11).  I'm trying to learn to add to my winners not sell them every time they seem a little expensive.

 

[Gregmal]

RBACU

[Lance]

This week I:

 

Added to BTI and Fairfax India,

Started a new position in INTC, and

Wrote puts on BTI and HL.

 

Thanks

Lance

[WayWardCloud]

Added a little bit to Live Nation (LYV) and Liberty Global (LBTYK)

[capitalg]

This week I:

 

Added to BTI and Fairfax India,

Started a new position in INTC, and

Wrote puts on BTI and HL.

 

Thanks

Lance

 

Lance, do you mind sharing strike and expiration on the BTI puts you wrote?  Thanks!

[Lance]

Hi capitalg,

 

$35 exp 8/20/21 @ $6.20

 

Thanks

Lance

[capitalg]

Thanks, I think BTI is interesting around these levels. I don’t have much experience with options, but always interested in learning. Is there a reason you chose that strike? My inclination would have been to go a little out of the money (but again I don’t really have any experience, that was based on an initial gut feel).

[Gregmal]

Added to MSGE & S, ILMN

[Saluki]

Added a little to STNG and KMI.  Started small positions in MU and ATEX while I do more research. 

[Castanza]

ATCO, PCYO

[LC]

Starter position in Raytheon (courtesy of Xerxes/Spek in the defense contractor thread - thank you guys for your thoughts, i hope to contribute likewise).