What are you buying today?

[rkbabang]

Sold AAPL and bought more FFH. 

 

I've now sold all of my AAPL stock that I purchased since 2014 (and then some) and only own some of the shares that I've received from having dividend reinvestment on my account in the last 9 years.  This is a little over 150 shares with basically a 0 cost basis (because it is in my IRA Fidelity marks these shares as $0 cost basis).  I'm going to hold those forever whether or not I ever invest more in AAPL again.  AAPL has been a great investment for me, but the price seems way to rich for me here.  

 

[Luke]

8 minutes ago, rkbabang said:

Sold AAPL and bought more FFH. 

 

I've now sold all of my AAPL stock that I purchased since 2014 (and then some) and only own some of the shares that I've received from having dividend reinvestment on my account in the last 9 years.  This is a little over 150 shares with basically a 0 cost basis (because it is in my IRA Fidelity marks these shares as $0 cost basis).  I'm going to hold those forever whether or not I ever invest more in AAPL again.  AAPL has been a great investment for me, but the price seems way to rich for me here.  

 

Interesting and thanks for sharing

[rkbabang]

35 minutes ago, Luca said:

Interesting and thanks for sharing

 

No problem.  It's interesting, I've never owned nothing but dividend reinvested shares for any of my positions before in my IRA.   It gets the Total Gain percentage wrong.  It says "0.00%" rather than  "∞%" or just "n/a" or something.

 

[Dinar]

Sold August 18th MANU puts with a $21 strike for $1.80.  

[Santayana]

Took a flier on some TSLA puts.  November 275.

[petec]

Serious question. Why are you all buying FFH now? What are you seeing that you couldn't see at lower prices 1, 2, and 3 years ago? I'm well aware of the bull case having followed it in detail for years, but the value doesn't see as strong here as it has been for several years. What am I missing? Is it just that the probability of the bull case developing is higher?

[nwoodman]

1 minute ago, petec said:

Serious question. Why are you all buying FFH now? What are you seeing that you couldn't see at lower prices 1, 2, and 3 years ago? I'm well aware of the bull case having followed it in detail for years, but the value doesn't see as strong here as it has been for several years. What am I missing? Is it just that the probability of the bull case developing is higher?

For me it is visibility and while below “book’ value,  a decent margin of safety. They are firing on the equity front so there is a little arbitrage there as it flows to book.  My buys lately are only an increase of around 10% on a large position and are a rotation out of PE 30 names eg AAPL.  I would be interested to know if anyone is doing a major change in capital allocation eg low to say 20% of their portfolio.  If these are only minor adds that are being reported then the datum of “what you are buying” is low value but not worthless. 
 

What I will say is your recent comment about them buying positions consistent with MKL and BRK and your disappointment if they weren’t differentiating struck a chord and I have pondered it considerably.  Thank-you.

[Luke]

1 hour ago, petec said:

Serious question. Why are you all buying FFH now? What are you seeing that you couldn't see at lower prices 1, 2, and 3 years ago? I'm well aware of the bull case having followed it in detail for years, but the value doesn't see as strong here as it has been for several years. What am I missing? Is it just that the probability of the bull case developing is higher?

Fairfax was not on my radar back then, i would have bought it earlier.

[Spooky]

On FFH, for me the universe of good opportunities has shrunk considerably since June - October 2022 when I was plowing funds into great companies but I still have excess capital / cash coming in the door that needs to find a home. FFH still seems pretty cheap compared to other options out there. My position sizing is still fairly small all things considered but I'm still learning about the company (thanks to all of the people on this board for their detailed analysis).

[Saluki]

6 minutes ago, Spooky said:

On FFH, for me the universe of good opportunities has shrunk considerably since June - October 2022 when I was plowing funds into great companies but I still have excess capital / cash coming in the door that needs to find a home. FFH still seems pretty cheap compared to other options out there. My position sizing is still fairly small all things considered but I'm still learning about the company (thanks to all of the people on this board for their detailed analysis).

THIS!  I loved Google in the 80s, but at 120?  JOE at 34 looks great to buy, at 54, not so much. VTS at 16 is a go, at 34 it's a NO. I've owned FFH since 2018 or 19 and I'd rather buy at 80% of book, but I don't have a lot of other choices, and if they are making $1.5 bln in the bond portfolio alone from rolling things over at higher interest rates, that is a huge tailwind for FFH.  Among my high conviction, long term ideas, this is a good one.  Some of the other cheaper stuff I'm buying are trading sardines. Some energy stuff still looks cheap, but I have a lot already.  The only shares of FFH that I've sold are in my retirement account, which I threw into Fairfax India at 11.  At  14, it's not as attractive.  So making the best of the hands that are available, this is a pretty good bet for the medium-long term. 

[Ross812]

I bought a 5% position in BTI on Monday/Tuesday. Sold completely out of META. Top positions are FFH, GOOGL, BRK, DFIN, USB, ADSK, and NTDOY. I am at 20% cash right now. 

[Luke]

Shifted some of Nintendo into Evolution. Evo now 4% of my PF. 

[Ross812]

Bought a starter in CHDN.

[valueseek]

Bought some Sesa spa. Some tixt. 

[Spekulatius]

40 minutes ago, valueseek said:

Bought some Sesa spa. Some tixt. 

@valueseek Very interesting company. Impressive track record. I put SESA on my watch list.

Thx for posting.

[keegomaster]

Added (and plan to continue to add) to GOOGL on pullbacks

[Dave86ch]

Added to BABA, added to Bitcoin

[Castanza]

FRFHF 

[Spekulatius]

Buying the dip on RTX today.

 

That said, the news with the engine issues does sound troublesome.

[brobro777]

On 6/9/2023 at 10:26 AM, Gregmal said:

Started some MMM. 

 

Going off today

 

Good call, thanks for the idea

 

 

[Saluki]

FFH, Fairfax India, and a little BTI and TAYD. 

[Gregmal]

11 minutes ago, brobro777 said:

 

Going off today

 

Good call, thanks for the idea

 

 

Yea as much as I wanna buy it and put it away Im trading about 30% of the position cuz I do agree theres gonna be volatility with all the news around this one. But good start nonetheless. Its dirt cheap. 

[Castanza]

1 hour ago, Spekulatius said:

Buying the dip on RTX today.

 

That said, the news with the engine issues does sound troublesome.

 

It's tempting for sure, but who knows how long this will linger 

[brobro777]

38 minutes ago, Gregmal said:

Yea as much as I wanna buy it and put it away Im trading about 30% of the position cuz I do agree theres gonna be volatility with all the news around this one. But good start nonetheless. Its dirt cheap. 

Good point, some judge could deny 3M's motion to dismiss and the stock drops 10% and then the stock recovers on a favorable ruling, up and down, up and down... 

 

 

[Spekulatius]

56 minutes ago, Castanza said:

 

It's tempting for sure, but who knows how long this will linger 

It is going to linger but keep in mind that P&W is only a part of RTX business. There is the Raytheon defense business and avionics as well as the P&W defense business. I think they can ride this out.