What are you buying today?

[no_free_lunch]

There is very little top line growth.  They have been able to grow earnings per share by roughly double if you go back to 2007 era while paying a dividend but some of the growth is from improved margins.   However, earnings should come and go.  It's kind of a statistical bet.  Onshoring should be a benefit to them as they seem to be have a lot of domestic US operations.

 

Debt is quite low at around 2x earnings so they could probably do some share buybacks.  The company is also supposed to  spinoff it's health care unit, it's good to see management being proactive.

 

The risk here is that there is a big lawsuit around faulty earplugs.  You are speculating that they are able to settle the suit at a reasonable amount.

 

This is not something I will claim to be an expert on, i appreciate the pushback.

Edited December 11, 2022 by no_free_lunch

[maxthetrade]

7 hours ago, no_free_lunch said:

Bought a little MMM (1% position).   This is a stalwart, some moat, long history of slowly chugging forward.  Not something you will get rich on but also priced to underperform.   It's down over 50% from all time high and now trades around 12-13x earnings with a 4.7% dividend.   Anyone else looking at this one?

 

I've been writing puts on this name, seems reasonably cheap to me.

[Spekulatius]

Re MMM, the combat earplug  and PFAS lawsuits will be expensive and take a long time. I think they are depressing MMM stock.

[Dave86ch]

Added to 9988hk Alibaba

[Luke]

I bought into Samsung, 3% starter position. Big strong, cheap business with lots of tailwinds

[jfan]

Ntdoy

 

[Spekulatius]

Adding a bit more PBR A this AM. Anybody knows why it's down pre-market? I assume more political rumblings in Brazil.

[jefke]

[Red Lion]

BN. 

 

Sold all of my BAM and added 1.3X the number of shares to BN. After the wash sales run I will look to adding BAM back inside a retirement account particularly if I can get it at a better valuation. 

[Dave86ch]

Added to 9988 $BABA

[maplevalue]

SMT - Scottish Mortgage Trust

[sleepydragon]

On 12/13/2022 at 6:33 AM, Dave86ch said:

Added to 9988 $BABA

Good timings 

 

https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-secures-complete-access-to-inspect-investigate-chinese-firms-for-first-time-in-history

 

[Red Lion]

Added to BX

[boilermaker75]

Wrote 300-strike Dec 16 expiration BRKB puts.

[Xerxes]

On 12/13/2022 at 9:22 AM, maplevalue said:

SMT - Scottish Mortgage Trust

 

 

Is that related to Bailie investment fund ?

 

EDIT: actually it is. So you are buying the "manager" of the funds as a business 

 

Scottish Mortgage Investment Trust | Global Investment Trust | Low-cost Actively Managed Equity Fund | Baillie Gifford | Individual Investor | Baillie Gifford

Edited December 15, 2022 by Xerxes

[Luke]

Added to Alphabet @86€

[Value418]

GIL

[Spekulatius]

Bought a starter in AMZN and added just a little to BX.

[Red Lion]

GOOGL. Needed to harvest my META tax loss and felt like GOOGL was a good place for this money to sit at least until the 30 day wash sale period runs. 

[crs223]

$OSTK

[Gregmal]

Started some vampire squid. 

[maplevalue]

1 hour ago, Xerxes said:

Is that related to Bailie investment fund ?

 

EDIT: actually it is. So you are buying the "manager" of the funds as a business 

 

Scottish Mortgage Investment Trust | Global Investment Trust | Low-cost Actively Managed Equity Fund | Baillie Gifford | Individual Investor | Baillie Gifford

 

I basically view it as a better version of ARKK

[CassiusKing1]

Added some AMZN.

[Spooky]

Small starter position in NU to track it.

[Viking]

Bought SU, BAC, GOOG, AMZN, PYPL. Lightened up a little on FFH (still way overweight).