What are you buying today?

[Gregmal]

Margined some Berkshire to buy some FRFH and some IWM puts 

[Mephistopheles]

@GregmalWhat's the better way to hedge, VIX calls or SPY puts?

[Gregmal]

14 minutes ago, Mephistopheles said:

@GregmalWhat's the better way to hedge, VIX calls or SPY puts?

Depends. Last few months VIX hasn’t really reacted the way it typically does. We d have big down days and you’d get a 4% up move which was bizarre in the face of how they’d behaved for the past decade. So my preference at the moment would be index puts and maybe some very, very OTM VIX calls. 

[nwoodman]

Picked up some more FFH, price is OK  I still think there is a good chance that the ATCO bid will be raised.  Reading Frischer’s letter reminded me that a lot of ATCO’s remaining minority shareholders would likely rotate into FFH. So the plans for my residual ATCO stake was far from unique.  

[throw123]

coat tailed into ally

[Gregmal]

More Fairfax 

[WFF]

1658.HK reinvested my dividends

[Spekulatius]

On 8/10/2022 at 6:38 PM, Gregmal said:

KRUS. Long live the consumer. 

This is not a consumer play, this is a Momo play.

[Gregmal]

8 minutes ago, Spekulatius said:

This is not a consumer play, this is a Momo play.

Its a consumer discretionary 100%. Trading barely above where it was to begin the year despite blowing the doors off in every aspect. But of course people sold it down along with everything else in the market just cuz rates or whatever, shorted the shit out of the stock, and now when we rebound and "OMG its up so much". Definitely worth doing some work on. Their concept and general niche is very under appreciated. 

[Gregmal]

Its a very common theme in how parts of the market are presented today. Cherry pick the recent low point, and declare a move to be euphoria or some kind of evidence of the market being crazy. Perhaps the stock never should have sold off in the first place? KRUS is definitely on the expensive side and I'd certainly prefer to take more than a tracker at much lower prices, but you pay for growth. People sold off the stock on what? Gas prices, rates, consumer spending headlines and all of those issues where flat out wrong and not meaningful to this business. Just saw the same thing with AIV. Why did it sell off? Turns out people were just dumb and the market was wrong as usual. 

[Red Lion]

Bought some September 2 $420 SPY PUTS and sold September 2 $410 SPY PUTS. If the SPY drops by about 5% by the end of the month this should go 7X, and obviously it's likely to end worthless. 

 

I don't know where the market is going, but I do feel like with Jackson Hole coming up, Powell is probably going to try to scare the markets. 

[Dinar]

21 hours ago, Gregmal said:

More Fairfax 

Greg, why do you like Fairfax here?  Thank you.

[Gregmal]

28 minutes ago, Dinar said:

Greg, why do you like Fairfax here?  Thank you.

Its finally aligned and has enough cash coming in that should allow them to significantly reduce the denominator while earnings explode. Good risk/reward. 

[changegonnacome]

Way OOM AAPL Puts March '23........stock practically back to ATH's, 30 P/E........juiciest M1 high volume products have been launched now Air, Pro 14...... 5G phone super-cycle kind of done with iPhone 12/13......5G hype is over and it was meh........end markets in Europe/China for new iPhone 14 are going to be very weak this winter.........think Apple has had a supercycle last two years across its phones/laptop portfolios triggered by M1/5G/WFH/Lockdowns/stimis.....going to have nightmare comps moving forward..October qtr possibly the last 'good one'........trading today at a ~3.8% FCF yield........then that damned discount rate is going to keep moving up!

[WFF]

Bought more 1658.HK PSBC. 

[sleepydragon]

Bought some PKX after being burned many years ago

 

[lnofeisone]

Picked up STNE, JOE with VET proceeds. 

[lessthaniv]

Steaks and beers. It’s Saturday.

[shhughes1116]

More CLMT.

[Monsieur_dee]

Tracker in Celanese 

[Gregmal]

Adds to meta and msge 

[Jaygo]

Bought some google, I give these guys a little over a grand a month and i am a microscopic company. I cant imagine ever stopping this advertising unless a far superior competitor comes up. Other than fuel this is my largest expense after labour. Figure i should start clawing it back, Own what you know kind of thing. This may be highly flawed reasoning but I like that they are not relying on China for their growth like starbucks and many other global American companies have been.

 

Alos bought a bit of TJX and added more Aritzia too. I figure they are both great companies, well run and growing, with people going back to the office these guys should do ok short term, if not I dont really care as I want to own more long term.

 

 

[E. Nashton]

Dream Unlimited // DRM.TO 

 

AUM growing nicely, shares being cancelled, trading around book but significantly understated (ie land held at cost). 

[Parsad]

On 8/20/2022 at 7:13 PM, lessthaniv said:

Steaks and beers. It’s Saturday.

 

Good man!  If it wasn't steak, it would have to be ribs! 

 

What type of steak do you enjoy...T-bone, Ribeye, New York Strip, Sirloin, Filet...I start drooling when I think of any of them, but New York Strip's are my favorite. 

 

Cheers!

[lessthaniv]

1 hour ago, Parsad said:

 

Good man!  If it wasn't steak, it would have to be ribs! 

 

What type of steak do you enjoy...T-bone, Ribeye, New York Strip, Sirloin, Filet...I start drooling when I think of any of them, but New York Strip's are my favorite. 

 

Cheers!

All of the above! Tomahawks or thick cut Rib eyes if I have to pick!