What are you buying today?

[CharlesMunger]

Added a bit to AIV, APTS, CLPR, JBGS

[fareastwarriors]

1 hour ago, CharlesMunger said:

Added a bit to AIV, APTS, CLPR, JBGS

 
the @Gregmal etf ?  

[Spekulatius]

My recent add are

LMT:  (Cheapest defense prime)

CNC: health insurer rollup (cheap)

TTWO and ATVI  - gaming company stocks that have come back to earth.

 

Starters in HENKY (consumer goods, adhesives) and VTRS (generics)

Edited September 14, 2021 by Spekulatius

[Gregmal]

1 hour ago, fareastwarriors said:

 
the @Gregmal etf ?  

Haha yea throw in ALCO and you're pretty much there. Whats amazing to me is the similarities which support the market dislocation aspect. In general, as an investor I have trouble trusting others to create value. So sure, Buffett has earned it, but generally, I just prefer investing in the discount to NAV stuff because not only does something have to go wrong for you to get bruised, but you also need no growth in addition to the negligence or value destruction. Whats crazy to me is if you look at APTS, CLPR, AIV...you have so many different things cruising in your favor. You have the SAFEST(make a joke about Flatbush Gardens, go ahead) sub-asset class one can buy as far as real estate goes...MF rental. But then you also have best in class assets in many cases or highly desirable luxury facilities in booming markets. You also have these stress tested; you just saw covid and how the worst case scenario looks, but to boot, you're buying a discount to a NAV that is predicated in many cases, still, on those covid infested NAVs when unbelievably, you have gotten rip roaring rental growth everywhere with only parts of it reflected due to the rolls. So to me its seems like(and has been now since November, a total gift to be able to buy these things still close to the covid lows(APTS for instance is a $5B+ asset with ease and the equity implies only a mid single digit % valuation improvement; CLPR like maybe 10%, and AIV who knows but in that case thats the point) AND trading significantly off of current mark to market, let alone  where they should go as rents keep soaring and rates stay low. But who knows, maybe these will be the end of me....will be fun either way. 

[CorpRaider]

BRK, CMCSA, SMG

[Spekulatius]

1 hour ago, CorpRaider said:

BRK, CMCSA, SMG

 

SMG (Scott's Miracle grow) looks interesting, but why is it down so much? Looks sort of like $SAM.

Solid grower (pun) with a decent brand name. it doesn't look to expensive to me either. For a while, it traded as a stealth play on weed (another pun).

 

I need to do more work, but like what i see so far. Thanks for posting.

[rkbabang]

Added a little to SRUUF.  I followed Kuppy into this a few weeks ago.

https://adventuresincapitalism.com/2021/09/02/the-new-gbtc/

 

[fareastwarriors]

Picked up some more FRPH at 55.05

[CorpRaider]

@Spekulatius

I will start a thread.  I issued a few tweets about it as I was looking at proxy and calls and stuff.  I was going to do a blog post about it at some point, but man who knows if/when that will happen.  Kind of a "buy and homework" position for me too, but I'm getting kind of bulled up on it.  Hard to tell why the market do what it do but, consensus has revs down in '22 sequentially (after huge covid lawn and gardening boom) and EBITDA and earnings down a bit more as result of inflation in inputs (kind of like the other CPGs).  Also, weed is less bubbly.

Edited September 14, 2021 by CorpRaider

[Gregmal]

small add to ALCO

[fareastwarriors]

More CLPR at $8

[Gregmal]

CLPR March 5s. 

 

Edit: filled. thanks

Edited September 15, 2021 by Gregmal

[DooDiligence]

BABA because I've succumbed to the Gamblers fallacy with a tiny dash of imaginary insurance via halo effect.

 

IOW, I know I'm gambling on a possible short term reversal that someone smarter than me has long term faith in.

 

I'll likely be disappointed.

Edited September 15, 2021 by DooDiligence

[Lance]

ALX

 

Thanks

Lance

[WFF]

Added to BRK and new starting position in FRPH to learn more

[fareastwarriors]

On 9/14/2021 at 7:37 AM, fareastwarriors said:

Picked up some more FRPH at 55.05

Bit more at 54.

[Gregmal]

another slug of AIV March 5s

[Gregmal]

On 9/2/2021 at 3:19 PM, Gregmal said:

Also shorted some BRG Jan $10 puts for 65c. Not really an endorsement of the company AT ALL, but just a logic trade backed by what seems like a fat compensation check for taking stock at a price the may warrant another activist takeout offer or two....

 

Looks like the turd may be in play.

 

https://www.bloomberg.com/news/articles/2021-09-16/bluerock-residential-is-said-to-explore-strategic-options-sale

 

Undoubtedly several very positive read throughs for APTS as well. Folks, we've found the money trees! theres a whole forest of them. 

 

[Spekulatius]

$NPCE -(med tech). Brain implants to treat drug resistant epilepsy. May suffer from COVID impacting elective procedures near term. I roundtripped this one with some success, trying again.

 

$LMT - just a small add. I really like it below $350.

[irnovo]

Added to GRFS. Blood plasma collection business. Trading even lower than the March 2020 price. Oligopoly. Will continue to grow for many years to come. High barrier to entry.

[Spekulatius]

52 minutes ago, irnovo said:

Added to GRFS. Blood plasma collection business. Trading even lower than the March 2020 price. Oligopoly. Will continue to grow for many years to come. High barrier to entry.

@irnovo I agree GRFS looks interesting after spending about 10 min of exhaustive research on the stock. I have never heard about this one before. Thanks for posting.

[E. Nashton]

Bought the open and added to some old existing positions. STOR, AX-UN and shares in GOOG and AMZN. While nice to see a down day can't say things are cheap across the board but I'm comfortable adding shares here and there to existing positions while keeping some dry powder. 

[lnofeisone]

Tiny BABA starter. 

[Lance]

BABA, BTI, LIFZF, MSB, PROSY and WPM

 

Thanks

Lance

[WFF]

On 9/16/2021 at 8:09 AM, WFF said:

Added to BRK and new starting position in FRPH to learn more

More BRK, and FRPH and starting position in CLPR under 8.