What are you buying today?

[rkbabang]

More AIV Jan 2024 $5 calls and more SRUUF.

 

[CafeB]

MSM, as a complement--given its strong bias toward metalworking--to a much larger, longstanding position in FAST.

 

Of course time will tell whether I have deworsified among industrial distributors.

[nwoodman]

More  ATCO and BRK.B.  Berkshire is not thump the table cheap, but in the 270’s is right on the entry point for “buy and hold for a high probability low double digit compounder.”  Refreshingly boring.

[Lance]

BABA, BTI, DVYE and V

 

Thanks

Lance

[longlake95]

SNC June 2022 $32 calls

[fareastwarriors]

Some more MSGE

[CafeB]

FIS and FISV, per 

In both cases, averaging down. In both cases, smaller positions that I plan to make larger, gradually, with possible benefits from tax-loss selling through year-end.

[KPO]

VIAC

[fareastwarriors]

nibbled on some Swedish Match and Imperial Brands

[Simba]

I want to buy some of these WFH names.. but refraining myself.. 

 

will be on sidelines until dust further settles.

 

[kh812000]

On 11/16/2021 at 8:15 AM, kh812000 said:

SWCH.

 

Amazing how under the radar this co is.  Just had analyst day yesterday.

Guides double digit revenue growth for next 10 years.

Guides best in class EBITDA margin 55% for mature properties

In the catbird seat for migration of workloads off enterprise into cloud / tier 4 colocation.

REIT conversion on track for January 2023.

Just a solid solid co that noone talks about.

 

 

On 11/16/2021 at 9:37 AM, LC said:

 

What is your opinion on valuation? Looks like it's trading ~16x AFFO

 

 

EQIX trades at 40x FFO

DLR trades at 26x FFO

AMT trades at 27X FFO

 

With COR (~30xFFO) and CONE (23x FFO) recent takeouts.

 

So range of these assets are low 20s for low quality and mid/high 30s for high quality....

 

So generally can see where the true mkt values are. 

SWCH is a quality asset its more akin to EQIX or COR like mults.... However, most people dont realize it yet, hence the discount.  But SWCH is now also on the radar as a next takeout....

 

[bathtime]

MA, DBX, V, IAC, DIS, TWTR

[CafeB]

"initial lot" of Kerry Group, as supplement to small positions in Givaudan, IFF, etc. For what it's worth, price now at or below where it was in June before company announced of sale of consumer foods business to focus on "Taste & Nutrition" business.

 

(Just saw that a VIC write-up dated August 2021 has recently become visible to guests: Value Investors Club / KERRY GROUP PLC (KYGA ID))

Edited November 25, 2021 by CafeB
To add note about VIC

[Spekulatius]

Bought at bit more SWMAY, HENKY, MXCT and a starter in ADSK.

 

My wife and I also put 10k each into isavings bonds.

Edited November 24, 2021 by Spekulatius

[CafeB]

54 minutes ago, Spekulatius said:

HENKY

Hadn't looked at Henkel for a couple of years, when I made the mistake of selling HB Fuller. Thanks for the heads-up. There seem to be some real gems in chemicals for DIY like Henkel's Loctite and RPM's Rust-Oleum.

[Spekulatius]

15 minutes ago, CafeB said:

Hadn't looked at Henkel for a couple of years, when I made the mistake of selling HB Fuller. Thanks for the heads-up. There seem to be some real gems in chemicals for DIY like Henkel's Loctite and RPM's Rust-Oleum.

I like Henkel and owned it in the past. That said, results have stagnated (due to decreasing margins)  since about 2017 and it seems correlated with management change.

I believe assets are good (they are basically market leaders in adhesives) but they seem to struggle with execution. I believe the issues are fixable, the LT track record of Henkel is pretty good.

[KJP]

Added to:

Houghton Mifflin Harcourt

Turning Point Brands

[Dave86ch]

Added to 9988hk Alibaba

[Gregmal]

4 horseman with a weight toward the ones in locations that value freedom + JOE, ALCO, DIS. We already have the playbook here, and if the covid nonsense doesnt repeat, the dip is just a blip on the radar. If lockdowns happen again, something like JOE benefits, no reason for -8% today. Bring it covid queens. 

[fareastwarriors]

more MSGE and bunch of tobacco stocks. I'm a yield pig!

[DooDiligence]

On 11/24/2021 at 5:12 PM, Spekulatius said:

Bought at bit more SWMAY, HENKY, MXCT and a starter in ADSK.

 

My wife and I also put 10k each into isavings bonds.

 

My man!

 

I added to ADSK on the dip.

 

Not egregiously cheap but I think the market is overreacting to the new cash flow model. The business is here to stay with a ton of pirate copy users who will slowly become subscribers if they want to continue working big jobs. Hell, any jobs.

 

Huge switching costs.

Edited November 27, 2021 by DooDiligence

[Lance]

BABA and CLPR

 

Thanks

Lance

[CharlesMunger]

APTS and CLPR

[Gregmal]

On 11/2/2021 at 2:22 PM, Gregmal said:

2024 OPEN puts $10 strike. In a way I didnt even appreciate at first, it kind of hedges a lot of different things for me. On top of making sense on a simple level. 

 

Closed for ~$2.8. Not bad for a few weeks work. 

[Gregmal]

More DIS, also a little more FRFHF. This has been my portfolio lately....and so I oblige.

 

Edited November 29, 2021 by Gregmal