What are you buying today?

[Castanza]

40 minutes ago, PJH11 said:

For copper, have a look at ARG.TO. They process tailings from one of Chile's largest state owned copper mines. Leveraged to copper prices but limited capex requirements as they are not directly mining (also a nice ESG angle). Low cash operating costs and favorable long-term power supply agreement with locked in prices for the next 15 years. CAD$320m market cap, net cash, and at today's prices are generating in the range of CAD$90 - $100m in FCF per year. Big focus on capital returns...currently paying a 6.5% div yield and buying back stock - in addition to NCIB in place they completed an SIB at the end of last year scooping up shares at 1.30 with stock now trading at 1.80. And mgmt has recently committed to return all excess cash back to shareholders in the form of special divs (subject to min cash need of US$25m). They are currently sitting on about USD $75m of cash at the end of Q1...  

 

Thanks for the idea, not sure if I'm interested though. I think geographical locations will matter quite a bit moving forward for commodities and I'm not sure I want to put a stake down in Chile. From an outsider perspective, South American commodities have long been a risky investment. Also the reliance on state owned assets is a bit concerning (even with contract in place). 

 

Edit: I will say the capital return emphasis looks interesting, but still not sure if that's enough

Edited April 20, 2022 by Castanza

[Ross812]

22 minutes ago, Castanza said:

 

Thanks for the idea, not sure if I'm interested though. I think geographical locations will matter quite a bit moving forward for commodities and I'm not sure I want to put a stake down in Chile. From an outsider perspective, South American commodities have long been a risky investment. Also the reliance on state owned assets is a bit concerning (even with contract in place). 

 

Edit: I will say the capital return emphasis looks interesting, but still not sure if that's enough

Might want to look at Grupo Mexico. I posted a write-up a few weeks ago. 

[Castanza]

4 hours ago, Ross812 said:

Might want to look at Grupo Mexico. I posted a write-up a few weeks ago. 

Thx looks pretty interesting, a whole mess of add ons at a seemingly reasonable valuation

[KJP]

Leatt Corp.

[GordonGekko69]

added a bit to Tencent (0700.HK)

[lnofeisone]

added to NOV and THNPY. 

[backtothebeach]

99 WFG @ 89.01 for an odd lot tender attempt.

[Castanza]

SNC

[sleepydragon]

baba

[sleepydragon]

3 minutes ago, sleepydragon said:

baba

It could be a stupid speculation: I am betting Munger sold half Of his baba due to tax harvesting not due to his view changed on baba, and someone is going to ask him on 4/30

[adesigar]

15 minutes ago, sleepydragon said:

It could be a stupid speculation: I am betting Munger sold half Of his baba due to tax harvesting not due to his view changed on baba, and someone is going to ask him on 4/30

 

If asked I don't think he will answer. Its got nothing to do with BRK and they don't answer questions about individual stocks.

[throw123]

FB and GOOG

[Agrippa07]

added a bit to Spot and Netflix, small (<1%) positions in portfolio

[Dave86ch]

9988hk,

FB,

BTC

 

[formthirteen]

Nobody buying banks when interest rates are "guaranteed" to go up?

[formthirteen]

HL.L, APAM, ALS.TO

Edited April 22, 2022 by formthirteen

[Castanza]

Starter in VET

[Gregmal]

Added a few more May 330 QQQ puts. Imagine what a dumpster fire that’s gonna be if the big tech stuff all the value bros have been buying fall flat on earnings next week?

[CassiusKing1]

GOOGL

[jfan]

FB, FOM.V

 

 

[lnofeisone]

3 hours ago, Castanza said:

Starter in VET

Welcome to the party...I added another slug of Dec 17.5 and 30 calls.

[LC]

1 minute ago, lnofeisone said:

Welcome to the party...I added another slug of Dec 17.5 and 30 calls.

 

I joined the party as well. Hopefully the kool aid is light and sweet.

[Castanza]

2 hours ago, lnofeisone said:

Welcome to the party...I added another slug of Dec 17.5 and 30 calls.

O&G always makes me nervous, I prefer simple straight forward stuff like TPL. But the setup here looks pretty compelling. Plus it seems to be a theme of mine to jump in small risky positions as of late. I’m looking out 1-2 years with this so I guess we’ll find out! 

[gokou3]

GOOGL, BAM.A, CTS.to.  Really drinking the GARP kool-aid here.

[MikeL]

Aren't you worry about the share dilution of CTS.TO?

2018: 64m

2019: 77m

2020: 102m

2021: 200m