What are you buying today?

[Dinar]

10 minutes ago, Spekulatius said:

Life comes at you fast - had a fill for some FRFHF at $451. Also got some fills for $BTI at a bit more than $37.

Spek, why do you like BTI?  I used to own it, sold post results in February, and every time I look at it, I cannot get there, particularly vs PM & SWMA

[Gregmal]

2000 more CKX at market, with another 2000 on the bid at 10.5 if anyone wants to play ball.

[Spekulatius]

30 minutes ago, Dinar said:

Spek, why do you like BTI?  I used to own it, sold post results in February, and every time I look at it, I cannot get there, particularly vs PM & SWMA

PM is better run, but it's a matter of price. I bought in the low thirties, sold north of $46 (almost top ticked it) and now feel I should get in. It's a dividend stock and I don't try to overthink it.

If PM goes sub sub 90's, I am in too. I continue to hold SWMA (havn't sold a share) but unsure what happens next.

Edited September 23, 2022 by Spekulatius

[lnofeisone]

Adding across the board with biggest VET, SNOW, GOOGL, JOE, HQI, CASH.

[Dinar]

Bought Veris Residential (VRE), thank you Gregmal for the suggestion.  

[Dinar]

55 minutes ago, Spekulatius said:

PM is better run, but it's a matter of price. I bought in the low thirties, sold north of $46 (almost top ticked it) and now feel I should get in. It's a dividend stock and I don't try to overthink it.

If PM goes sub sub 90's, I am in too. I continue to hold SWMA (havn't sold a share) but unsure what happens next.

I think if you adjust for growth, PM is much cheaper than BTI.  BTI I think is losing volumes at 3% per annum, while PM is growing at 2%+.  In addition, one gets a free option on IQOOS in the US.  

[DooDiligence]

More BRK.B & GOOGL for the 2034 bucket.

[CorpRaider]

LAMR, MGM, GOOGL, SLG

[Gregmal]

Yankees Red Sox tickets. Why not

[ICUMD]

Googl, BNS

[Williams406]

JOE, CNQ, PTHRF

[Parsad]

5 hours ago, Gregmal said:

Yankees Red Sox tickets. Why not

 

See Judge break Ruth's record?  Will it be tonight?  Cheers!

[yesman182]

10 hours ago, Gregmal said:

Added some FFH, Disney and LPX

@Gregmal What is your take on LPX. Are you long home builders and think OSB is a way to play that? Or do you like the siding business? I own LPX for the siding business. LPX has been supply constrained for years. I think the siding business will take market share from Hardie Plank and Vinyl.

[Gregmal]

39 minutes ago, Parsad said:

 

See Judge break Ruth's record?  Will it be tonight?  Cheers!

What Judge has done should be admired by everyone, sports fan or not. No, not having a historic season, it’s what he did before the season. Counter party is the wealthiest and most influential sports franchise on the planet. He…bought puts and went to cash in his personal account on everything he owned for his investors….just kidding.
 

When it was all on the line he bet big on himself. He ll probably get double that pathetic offer the Yanks made this preseason.

[Gregmal]

20 minutes ago, yesman182 said:

@Gregmal What is your take on LPX. Are you long home builders and think OSB is a way to play that? Or do you like the siding business? I own LPX for the siding business. LPX has been supply constrained for years. I think the siding business will take market share from Hardie Plank and Vinyl.

Both. Fed hasn’t solved the housing crisis they’ve just made it worse and prolonged it. Shit will still need to be built. Also like what LPX is doing on the allocation side.

[CharlesMunger]

Bought some expensive cardboard - Wayne Gretzky and 86 Fleer Jordan 

[CorpRaider]

5 hours ago, CharlesMunger said:

Bought some expensive cardboard - Wayne Gretzky and 86 Fleer Jordan 

Gonna' put them in the Ebay vault?

[CharlesMunger]

Storing them in the PWCC vault and gonna pick them up once I am in the US again

[Pessoa]

On 9/13/2022 at 5:17 PM, Rustycage said:

Dbrg, Drm.to

Hey fellow Soundgarden fan.

 

What do ya like about DBRG?

 

Regards,

Pessoa

[Gregmal]

17 hours ago, CharlesMunger said:

Storing them in the PWCC vault and gonna pick them up once I am in the US again

Good stuff. I have a few Gretzky. Sold one a little over a year ago when they got stupid but longer term been great store of value.

[CharlesMunger]

3 hours ago, Gregmal said:

Good stuff. I have a few Gretzky. Sold one a little over a year ago when they got stupid but longer term been great store of value.

Nice. Yes thought its maybe not the best but compared to last year not the worst time to buy. Which grades are you typically going for? 

[Gregmal]

7 minutes ago, CharlesMunger said:

Nice. Yes thought its maybe not the best but compared to last year not the worst time to buy. Which grades are you typically going for? 

Like the 8s for both Topps and OPC. 9 is great but I’d rather own a handful of 8s vs one or two 9. 7s on OPC ok too. Would not go below 8 on the Topps.

[Blugolds]

6 hours ago, Gregmal said:

Like the 8s for both Topps and OPC. 9 is great but I’d rather own a handful of 8s vs one or two 9. 7s on OPC ok too. Would not go below 8 on the Topps.

Out of curiosity where are you guys purchasing? I like the diversification of assets but sports memorabilia makes me a little skeptical sometimes even with certificates etc. there was a documentary a while back that I watched regarding forgeries. They had infiltrated the markets and almost impossible to tell. Holographic stickers, pictures, certificates, grading etc didn’t matter it can all be reproduced. I remember asking a close friend who owned a card shop if it was true and he said it was, and that he had encountered some examples over the years as there are many in the industry that are a bit “shady”. Just didn’t give me a warm fuzzy. How would a guy know? And maybe it doesn’t matter anyway, as perhaps you’re selling the certificate and it doesn’t have to be real, the next buyer just has to believe it is. That scares me. 
 

Not saying you fellas are buying fugazi’s but they’re out there. Also might not help my opinion when they guy I knew who owned a card/pro shop wasn’t the most trustworthy guy I know either. Not saying he’s selling fakes, but I’m also not 100% sure he wouldn’t be tempted to pass something along for a big payout. 

 

Also I guess I compare to other art, if they can reproduce oil paintings that pass X-ray inspection and dating etc seems like it would be nothing to pound out a ton of cardboard cards, and supporting documents. 
 

https://sportscollectorsdigest.com/.amp/news/fraud-forgery-fake-sports-memorabilia-cards-collectibles-fbi

 

Just my personal feeling, I’d love to have a couple in the collection, but I don’t know that I’d feel comfortable enough to drop 5 figures on a card unless I was buying from a reputable auction house with documentation or something, eBay sellers set off some alarms in my head for some reason and I don’t know that even a small local shop would make me comfortable enough to pay “real” money for memorabilia. 

[Gregmal]

3 hours ago, Blugolds11 said:

Out of curiosity where are you guys purchasing? I like the diversification of assets but sports memorabilia makes me a little skeptical sometimes even with certificates etc. there was a documentary a while back that I watched regarding forgeries. They had infiltrated the markets and almost impossible to tell. Holographic stickers, pictures, certificates, grading etc didn’t matter it can all be reproduced. I remember asking a close friend who owned a card shop if it was true and he said it was, and that he had encountered some examples over the years as there are many in the industry that are a bit “shady”. Just didn’t give me a warm fuzzy. How would a guy know? And maybe it doesn’t matter anyway, as perhaps you’re selling the certificate and it doesn’t have to be real, the next buyer just has to believe it is. That scares me. 
 

Not saying you fellas are buying fugazi’s but they’re out there. Also might not help my opinion when they guy I knew who owned a card/pro shop wasn’t the most trustworthy guy I know either. Not saying he’s selling fakes, but I’m also not 100% sure he wouldn’t be tempted to pass something along for a big payout. 

 

Also I guess I compare to other art, if they can reproduce oil paintings that pass X-ray inspection and dating etc seems like it would be nothing to pound out a ton of cardboard cards, and supporting documents. 
 

https://sportscollectorsdigest.com/.amp/news/fraud-forgery-fake-sports-memorabilia-cards-collectibles-fbi

 

Just my personal feeling, I’d love to have a couple in the collection, but I don’t know that I’d feel comfortable enough to drop 5 figures on a card unless I was buying from a reputable auction house with documentation or something, eBay sellers set off some alarms in my head for some reason and I don’t know that even a small local shop would make me comfortable enough to pay “real” money for memorabilia. 

Yea I’ve seen all that and those stories come and go now for the 25 plus years I’ve followed sports memorabilia. Only buy PSA graded and generally just stick to EBay. PWCC is legit but shill bids a lot so you’ll get a real card but over pay often. They were booted from eBay over this last year. Keep your cards in a safety deposit box at the bank. 

[Dinar]

Spirax Sarco PLC -