Ross812 Posted June 24, 2022 Posted June 24, 2022 21 hours ago, Parsad said: Lots of ATCO - Atlas Corp. Cheap, cheap, cheap! Cheers! I bought a lot of ATCO yesterday and today as well. I've been in and out of this a few times. Rode it from $7 to $11, then $7 to close to $15. Sold out between $14.70 and $15.00 several months ago. I hope I'm not early here, but the company looks a lot better than it did in 2018 and 2020 and I don't think (hope) it won't go back to $7!
Ross812 Posted June 24, 2022 Posted June 24, 2022 3 hours ago, Cod Liver Oil said: My simple heuristic has been to buy world class assets which are currently at COVID lows while business is improving: PCYO, DIS, MSGE and Nintendo (slightly above Covid lows). The world is a mess but these companies can do well. I believe the ticker you are searching for is GMAL.
crs223 Posted June 24, 2022 Posted June 24, 2022 52 minutes ago, Gregmal said: Market seems to like the SC ruling…. fewer abortions => bigger labor pool => lower inflation
Gregmal Posted June 24, 2022 Posted June 24, 2022 Grabbed some ALCO into the rebalancing sell off. Only WS products could bring you a reason to dump 800k volume in final 4 minutes of trading on a stock doing 40k a day average.
Dinar Posted June 24, 2022 Posted June 24, 2022 5 minutes ago, crs223 said: fewer abortions => bigger labor pool => lower inflation Actually, more crime, not sure about the increase in the labor force. I think there is a strong inverse correlation between abortion and crime 18 years later. Correlation does not imply causation.
Gregmal Posted June 24, 2022 Posted June 24, 2022 Ok I was just kidding. Obviously the market didn’t go up because of the ruling. It’s was because of the Fed!
scorpioncapital Posted June 24, 2022 Posted June 24, 2022 1 hour ago, crs223 said: fewer abortions => bigger labor pool => lower inflation if so smacks of desperation.
Spekulatius Posted June 24, 2022 Posted June 24, 2022 2 hours ago, crs223 said: fewer abortions => bigger labor pool => lower inflation Fewer abortions=> less women in work force=>higher crime rates long term => higher inflation and Public spent
Gregmal Posted June 24, 2022 Posted June 24, 2022 Crime definitely increases with fewer abortions. The demographics don’t lie. That’s why I always chuckle when you see the wealthy white teenage suburban girls getting all passionate about it. Or on the other side the stay at home housewife being all pro life…It’s like yea, your virtue signal is showing. Abortion is mainly a thing for poor minorities.
no_free_lunch Posted June 24, 2022 Posted June 24, 2022 (edited) 9 hours ago, Cod Liver Oil said: My simple heuristic has been to buy world class assets which are currently at COVID lows while business is improving: PCYO, DIS, MSGE and Nintendo (slightly above Covid lows). The world is a mess but these companies can do well. Why make it complicated right? Nice picks. I went the other way from world class asset and bought some SNC.to. I just couldn't turn it up, too much of a bargain. Edited June 24, 2022 by no_free_lunch
DooDiligence Posted June 25, 2022 Posted June 25, 2022 5 hours ago, scorpioncapital said: if so smacks of desperation. Gotta build the next generation of great burger flippers.
aws Posted June 29, 2022 Posted June 29, 2022 Some GEOS. Hit a new 52 week low despite booking some solid rental and sales contracts during the quarter. This stock seems to randomly drift up and down 40%+ a few times a year, so just hoping to be there for the next one up.
Gregmal Posted June 29, 2022 Posted June 29, 2022 2 minutes ago, aws said: Some GEOS. Hit a new 52 week low despite booking some solid rental and sales contracts during the quarter. This stock seems to randomly drift up and down 40%+ a few times a year, so just hoping to be there for the next one up. Agreed. I own it, but Rick Wheeler is the worst. You’re trading at a fraction of book, with cash and RE maybe covering $4-5 of the share price, and even Biden begging for more drilling now, it seems only a matter of time. This is a company easily capable of nabbing mid 8 figure contracts. One of those and the stock probably doubles. But until then Ricks negativity and lack of communication skills plus technical dynamics of sub $5 stock, sub $100m market cap…all weigh to the negative.
Spekulatius Posted June 30, 2022 Posted June 30, 2022 (edited) Bought a starter in USB (dividend stock) and added / bought back IAA this AM. Edited June 30, 2022 by Spekulatius
aesophawk Posted June 30, 2022 Posted June 30, 2022 1 hour ago, Spekulatius said: Bought a starter in USB (dividend stock) and added / bought back IAA this AM. What's your thesis for IAA? I've looked at this a couple of times, but didn't love the management. Losing GEICO was irritating.
Saluki Posted June 30, 2022 Posted June 30, 2022 I haven't sold anything, but just added some more META, GOOGL, JOE, BRK-B, and ATCO with money that was accumulating in my checking account. Nothing major, just normal periodic purchases. The world doesn't seem to make sense. I was hoovering up BRK-B, which always makes fantastic deals in a downturn, at below $200 when covid hit. Is it really only worth 25% more now, after the overhang of potential business interruption insurance etc is gone and they have a ton of cash on the balance sheet ready to deploy? ATCO has locked in long term leases and new ship build contracts that will be delivered at 30% below current new build prices and it's only 50% above march 2020 prices (when the docks shut down and everything ground to a halt and no one knew if some of these container ship companies would go under)? JOE is not selling off acres to pay it's operating costs anymore, it's firing on all cylinders. Bruce Berkowitz bought this more than then years ago in the high 20s when most of the acreage was trees for paper mills. He thought it was cheap in the high 20s then, but people don't think it's worth high 30s now? GOOGL, which has voting rights, sells for a little less than GOOG, which doesn't (efficient market?). It has the number 1 (google) and 2 (youtube) search engines. Trades at slightly above what the average SP500 has historically trades at. And the money losing moon shots are about to start paying off. Self driving cars always seemed like more hype than reality, but a competitor is now doing driverless taxis in San Francisco, Google's Waymo has been doing driverless cars in Phoenix for a couple of years now. And although no one's going to catch Amazon in cloud anytime soon, Alphabet (and Mircrosoft) are going cloud at incredible rates compared to any other business you can think of. I get that people don't like to see the numbers in their brokerage account go down, but if you know what you own, and the thesis hasn't changed, and the price is cheaper, and you have a steady paycheck coming in so that you don't need to sell anytime soon. Why aren't they buying?
DooDiligence Posted June 30, 2022 Posted June 30, 2022 24 minutes ago, Saluki said: I haven't sold anything, but just added some more META, GOOGL, JOE, BRK-B, and ATCO with money that was accumulating in my checking account. Nothing major, just normal periodic purchases. The world doesn't seem to make sense. I was hoovering up BRK-B, which always makes fantastic deals in a downturn, at below $200 when covid hit. Is it really only worth 25% more now, after the overhang of potential business interruption insurance etc is gone and they have a ton of cash on the balance sheet ready to deploy? ATCO has locked in long term leases and new ship build contracts that will be delivered at 30% below current new build prices and it's only 50% above march 2020 prices (when the docks shut down and everything ground to a halt and no one knew if some of these container ship companies would go under)? JOE is not selling off acres to pay it's operating costs anymore, it's firing on all cylinders. Bruce Berkowitz bought this more than then years ago in the high 20s when most of the acreage was trees for paper mills. He thought it was cheap in the high 20s then, but people don't think it's worth high 30s now? GOOGL, which has voting rights, sells for a little less than GOOG, which doesn't (efficient market?). It has the number 1 (google) and 2 (youtube) search engines. Trades at slightly above what the average SP500 has historically trades at. And the money losing moon shots are about to start paying off. Self driving cars always seemed like more hype than reality, but a competitor is now doing driverless taxis in San Francisco, Google's Waymo has been doing driverless cars in Phoenix for a couple of years now. And although no one's going to catch Amazon in cloud anytime soon, Alphabet (and Mircrosoft) are going cloud at incredible rates compared to any other business you can think of. I get that people don't like to see the numbers in their brokerage account go down, but if you know what you own, and the thesis hasn't changed, and the price is cheaper, and you have a steady paycheck coming in so that you don't need to sell anytime soon. Why aren't they buying? Anchored to GOOGL $2100 and waiting to add, no commissions + volatility = the era of stinker bids
Spekulatius Posted June 30, 2022 Posted June 30, 2022 (edited) 1 hour ago, aesophawk said: What's your thesis for IAA? I've looked at this a couple of times, but didn't love the management. Losing GEICO was irritating. The loss of Geico happened a while ago and is priced in. IAA is still a duopoly with CPRT, so I think it will do OK. It's available at a reasonable price now after the recent decline (Actually COVID-19) lows. I think the activist (Ancora) will put pressure on management: https://seekingalpha.com/news/3813616-iaa-gains-as-activist-holder-calls-for-sale-of-company-or-ceo-to-be-replaced Edited June 30, 2022 by Spekulatius
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now