What are you buying today?

[Gregmal]

Bought some more JBGS and also a trading position in SBE after the charging station announcement. This will probably be the next hot potato SPAC.

[lnofeisone]

Closed UNG short. Bought NVAX 50 DEC/Apr and LMND 40 Dec/Mar calendars.

[Castanza]

BATRK

[Gregmal]

Closed out some AAPL puts, rolled down the chain and out a few weeks. Moved some to cash. Bought a little PIC, JBGS.

 

 

EDIT: sold most of the PIC after hours. Too easy with these.

[Broeb22]

BATRK

 

I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes.

 

Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour.

 

There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing.

 

In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer).

 

 

[Gregmal]

BATRK

 

I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes.

 

Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour.

 

There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing.

 

In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer).

 

The Braves specifically have a pretty decent chunk of associated RE which is being developed and that makes them a little more unique here. Especially in Atlanta, which is one of the great growth beds in the US.

[Castanza]

BATRK

 

I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes.

 

Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour.

 

There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing.

 

In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer).

 

To put it plainly...it looks cheap. Baseball may be declining but I’m not too worried about that in the near term (5 yrs). I think the game will change and evolve and people will eventually come back to it. Plus there is the whole tax haven for some billionaire angle to owning a sports team

 

https://www.yourfinancialwizard.com/taxation-professional-sports-teams-team-owners/

 

It’s not a huge position for me currently, but I’ll probably continue to add over the next year if it stays depressed. I’m a bit of a sucker for simple thesis.

[Lance]

This week I added to IRM and TPL.

 

Thanks

Lance

[fareastwarriors]

Bit of BAC

[longlake95]

nibbling at QLYS

[Guest eatliftinvestgolf]

LSXMK

[york]

Wrote calls on $KOLD. I suspect the November 2020 NG gas contract to follow the October contract downwards.

[Viking]

Added to ENB, TRP & BCE. Started position in SJR.B (Shaw Communication)

[wabuffo]

Bought more CASH @ $18.78.  At some point, I may do a write-up on it.  It's a very interesting and unusual small bank.

 

wabuffo

[mjm]

Bought more CASH @ $18.78.  At some point, I may do a write-up on it.  It's a very interesting and unusual small bank.

 

wabuffo

 

Seems like lot of insider selling although it appears to be mainly ex Crestmark officers, possibly diversifying?

[Spekulatius]

$ANTM and $ORI and a bit of $GOOGL

[lnofeisone]

Covered GME calls. Not feelign easy with all the outside involvement.

[CorpRaider]

Diworsified from WFC into BAC.  Ok Li Lu and WEB?

[Ballinvarosig Investors]

Bought a small position in Fitbit.

[wisowis]

Added to QIS.V

In the past week:

Added to NVU.UN, CSU.TO

Initiated BYD.TO, DRM.TO

[KJP]

Enterprise Products Partners

Hill International

 

[wabuffo]

more PDLI (even though I own a lot already).

 

wabuffo

[writser]

more PDLI (even though I own a lot already).

 

wabuffo

 

Same here.

[Gregmal]

Re bought some NOV IWM puts. Also added some more AAPL puts. Added some JBGS yesterday.

[Spekulatius]

Bought a starter in GRA (catalysts, polymers). Sort of a COVID-19 recovery play. Also a starter in SRE (utility)

Small adds to ORI, ANTM, ABEV