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Posted

Given I both despised Jack Welch and have spent years making comedy over GE's financial statements...the shocking truth is that I did this:

 

03/07/2022 Buy 1000  GEPopup GENERAL ELEC CO NEW @ $87.7007
Posted
3 hours ago, fareastwarriors said:

 

Any new development here lately or just adding to add?

Florida freeze being a nothing burger is the only recent development. Oh yea, and you’re gonna see some land sales soon. 

Posted
7 hours ago, fareastwarriors said:

Any new development here lately or just adding to add?

 

Had some cash and conviction in the stock, so decided to add. It feels safer to own shares backed by land in Florida compared to VIE contracts in the Cayman Islands. Chinese stocks will be fine and will likely outperform, just a personal preference right now to own stocks backed by real assets.

Posted
On 3/25/2021 at 2:22 PM, Jmac42600 said:

Just bought some PSTH. The premium has come down significantly to a point where im comfortable paying it. Low downside.

 

What's the story with PSTH? From what I pulled up it's a SPAC from Ackman that somehow has a negative book value?

Posted

I can't help buying some TME LEAPS. At current price, it's priced at half of its 2021 operating income excluding investments/cash. They spent $643m in stock repurchase in the first 3 quarters in 2021. In theory, they can buyback all floating shares with cash on balance sheet. 

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