What are you buying today?

[nwoodman]

An inconsequential position in KMX

[gokou3]

On 4/22/2022 at 6:04 PM, MikeL said:

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

2018: 64m

2019: 77m

2020: 102m

2021: 200m

I think the share issuances from the last 3 years are due to them wanting to bulk up quickly to a critical mass.

 

Going forward, the company guided to $1B of revenue in acquisitions per year for the next 3 yrs.  Their stated goal is to acquire 3% ebitda margin business at 5x EV/EBITDA multiple, that's a P/S=0.15 and hence $150M M&A dollars per year.  Based on their cash on hand ($120M real-time by my estimate) and FCF (C$130M for 2022 by my estimate), company should be able to self fund without further dilution.

 

 

 

Edited April 24, 2022 by gokou3

[sleepydragon]

Bought for in-laws BABA and BRKb

[fareastwarriors]

More $CLPR under 9

[Gregmal]

Msgs 

[dymanojbabu]

BOC,FB

[Gregmal]

Also PCOR starter 

[Castanza]

A bit of CLF, X, VET, ATCO, ZIM

Edited April 25, 2022 by Castanza

[Gregmal]

More PCYO

[thowed]

1 hour ago, Gregmal said:

More PCYO

 

Nice.  I was a bit surprised at how much it went down today.  But hey ho.

[Gregmal]

1 minute ago, thowed said:

 

Nice.  I was a bit surprised at how much it went down today.  But hey ho.

Yup. I was and I wasn't. It looked for a minute like the big sellers had been alleviated when we got back over $12. You could see the stock trading normal again. Friday too had a bid all day near $12. Today there was as much stock as one wanted at the ask all day long. From talking to a few folks its really just exhaustion from Harding's paint dry strategy right now. Its a little concerning to me that with all the stuff happening over the next two years, they dont have the confidence to at least even authorize a buyback. But whatever. Ive got all day so it works for me. 

[lnofeisone]

Added VET, CVE warrants, MSGE, and CLPR. 

[fareastwarriors]

More PCYO and  MSGE

 

and picked up some BAC under 36 (forgot I had an outstanding buy order lol). legacy holding from the post GFC days.  

Edited April 25, 2022 by fareastwarriors

[Ross812]

Doubled my NFLX Starter position at $205.5 this morning. Now a 3% position. 

[Gregmal]

On 4/22/2022 at 1:27 PM, Gregmal said:

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?

Rolled a portion of these down to the $300 strike and out to June. Net reduction in cash attached to the position.

[LearningMachine]

1 hour ago, Ross812 said:

Doubled my NFLX Starter position at $205.5 this morning. Now a 3% position. 

Given today's market cap of $90B, in what year in the future, do you expect NFLX to have free cash flow of at least $9B?

[Spekulatius]

Adds to Linamar LNR.TO, CRM, PYPL, DPW.DE / DPSGY. Tiny starter in SHOP and DOCN  in one account.

 

Edit: Also bought just a tiny bit of GOOGL AH.

Edited April 26, 2022 by Spekulatius

[Cod Liver Oil]

Adds to PCYO and NTDOY.

[longlake95]

another add to LNR.to and HTL

[Agrippa07]

added to FB and NFLIX, and added a bit to KWEB(yesterday) and Naspers (Friday last)

[aws]

UNTCW - $63.74 strike warrants expiring in 5 years on a stock trading at $58. Black-Scholes should price this in the $20s I would think, but they are trading for $6 on the high side down to a penny on the low side. I think they just became tradable today after a two year long bankruptcy and people are just taking what they can get for them.

[Castanza]

BC, PCYO, HTL, NTDOY

Edited April 26, 2022 by Castanza

[Williams406]

PTHRF

[Gregmal]

there go the Qs

[Viking]

BAC (add), JPM, MS, VZ, SHOP, NFLX (small add), FIH (add), LNR, RECP

 

Sold a little more Fairfax