boilermaker75 Posted August 13, 2021 Posted August 13, 2021 2 hours ago, aws said: Doing my part to bolster Berkshire's Q3 earnings. A week after buying a new house through Berkshire Hathaway Home Services, I bought a house full of furniture at Jordan's. Thank you!
boilermaker75 Posted August 13, 2021 Posted August 13, 2021 2 hours ago, DooDiligence said: Does it need paint? May I suggest Benjamin Moore? Good one!
irnovo Posted August 15, 2021 Posted August 15, 2021 Opened position in GOCO after 40% drop followed by another 20% drop. It dragged down SLQT too so I bought some. Added to EHTH. I am taking a basket approach. These stocks have become cheap, will continue to post >30% growth. I am bullish on this sector due to TAM and secular winds.
Spekulatius Posted August 15, 2021 Posted August 15, 2021 @irnovoWhat is the issue with $GOCO? Looks like revenues are as expected and cost are higher, due to higher minimum wages /tighter labor markets? If so, it seems likely that competitors like $SLQT and $EHTH will see similar issues. Are these companies have real platforms or are they just glorified call center operators with at risk commissions as main source of revenues. I have been following $SLQT since it’s IPO but never invested. One reason is the spammy nature of their business model.
irnovo Posted August 16, 2021 Posted August 16, 2021 12 hours ago, Spekulatius said: @irnovoWhat is the issue with $GOCO? Looks like revenues are as expected and cost are higher, due to higher minimum wages /tighter labor markets? If so, it seems likely that competitors like $SLQT and $EHTH will see similar issues. Are these companies have real platforms or are they just glorified call center operators with at risk commissions as main source of revenues. I have been following $SLQT since it’s IPO but never invested. One reason is the spammy nature of their business model. For GOCO, on Q2 earnings call, they revised EBITDA for 2021 (from ~350m to ~300) due to increased costs for hiring and retaining sale agents in 2021. EHTH didn't change guidance in Q2 call. SLQT is due to announce earnings on 25th Aug. The companies may seem spammy but it is in their best interest to find the most suitable Medicare Advantage plan for the seniors so that the churn is low. Therefore they really help seniors. I'd highly suggest most recent write up on VIC as well as the discussion in comments. With so many MA plans available (~28 on avrg), it can really get difficult for the seniors to choose the most appropriate plans. I don't see any reason why these platforms would fail to post high rev growth in coming years. They all have ~2-3 LTV/CAC, meaning that every additional approved member adds to profitability.
Gregmal Posted August 16, 2021 Posted August 16, 2021 Little add to MSGS and doubled my position in Z, now a bit more than 2.5%. Hoping to buy a lot more much cheaper but starting to push myself to stop being a cheapskate and get some more skin in the game.
Gregmal Posted August 16, 2021 Posted August 16, 2021 (edited) Stuff like the MSGE selloff is why investing is really easy if your time horizon is greater than 1-2 quarters. Remember how a year ago covid killed retail for good, NYC REITs were going to zero, the Sphere was going to bankrupt MSGE, and SPG wasn't worth buying at $65.... Fast forward a year and retail is on fire with many names significantly higher than pre covid levels, NYC is still a shithole but you had 50-100% rallies on the back of just mediocre improvements, MSGE went to 120 and then bought $200M a year in FCF with stock, and SPG is crushing it and raising dividends every quarter. Now some idiots are selling because I guess we still think covid is going to put an end to sports and live entertainment(even though we already saw this notion destroyed last year)...... And on that note, tangentially related, rebought a 3%(fully margined) position in JBGS. Free money. Edited August 16, 2021 by Gregmal
fareastwarriors Posted August 17, 2021 Posted August 17, 2021 13 minutes ago, Lance said: BABA Thanks Lance Same. + some NPSNY...
fareastwarriors Posted August 17, 2021 Posted August 17, 2021 2 hours ago, cubsfan said: MSGE - adding here. $63 Added as well.
Martian Posted August 17, 2021 Posted August 17, 2021 I think it's down more than 5% is because of this. "Morgan Stanley resumed coverage of Madison Square Garden Entertainment Corp. with a recommendation of underweight."
Gregmal Posted August 17, 2021 Posted August 17, 2021 Yup. Major new fundamental development lol. Morgan Stanley says underweight. IF, you believe the Boyar Value rhetoric on MSGN, you're basically buying the entire thing for less than Boyar thought the Network piece was worth. Disclosure, I do not. I think Boyar was frequently wrong about the value of the Network...as Ive detailed several times in other threads. But I do think its both easy to justify the price action(poor sentiment, muddled merger financials, covid, NY, shit technicals, etc) and also hard to justify it(now arguably trading at less than the value of EITHER the Garden or the Networks)...personally I dont care. Its good to have something thats an obvious buy in a market full of whats largely meh...
fareastwarriors Posted August 17, 2021 Posted August 17, 2021 Picked up more shares of MSGE at $62.50. Can't wait for 50s...
Spekulatius Posted August 17, 2021 Posted August 17, 2021 Bought a bit more Prosus and 9988.HK (Alibaba in HK). The beatings will continue until morale improves.
UK Posted August 18, 2021 Posted August 18, 2021 RE sentiment: https://www.wsj.com/articles/alibabas-u-s-shares-fall-to-lowest-since-2019-as-china-cracks-down-11629240410 Another factor pressuring U.S.-listed Chinese businesses is Afghanistan, said George Ball, chairman at the investment firm Sanders Morris Harris. He said traders worry that China’s potential growing influence might empower the Chinese government to enact even more stringent regulations. “The American inability to deal with the threats in Afghanistan is making traders think that China is going to be all the more stronger,” Mr. Ball said.
backtothebeach Posted August 18, 2021 Posted August 18, 2021 Poor man's covered call on BABA: BOT BABA JAN 20 '23 100 Call Option 82.10 USD SLD BABA AUG 27 '21 185 Call Option 1.50 USD Net cost $80.60 Either a 10-12% return in a bit more than a week if the short call goes in-the-money, or I can keep selling calls, possibly rolling them up, chipping away at the $9 time value in the long call.
boilermaker75 Posted August 19, 2021 Posted August 19, 2021 Wrote 47-strike, Aug 20 expiration WFC puts for $0.32 per share.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now