What are you buying today?

[KPO]

More TRC at the close

[Paarslaars]

Little bit more PCYO

[thepupil]

I bought the ROIC 6.75% of 2028 at $98.78 / 7% yield. These are a little low in duration for my taste with a duration of 4 ish. Just a low risk 7% return. nothing more, nothing less. 

 

 

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[Red Lion]

Just closed on a Maui condo today. I have one more real estate deal in the works and just closed my last one late July, so I’m sorry to all those with real estate, it’s probably the top as I’m piling in. 

[Castanza]

7 hours ago, Paarslaars said:

Little bit more PCYO

Same 

[fareastwarriors]

2 hours ago, RedLion said:

Just closed on a Maui condo today. I have one more real estate deal in the works and just closed my last one late July, so I’m sorry to all those with real estate, it’s probably the top as I’m piling in. 

 

Congrats!

 

 

[thepupil]

2 hours ago, RedLion said:

Just closed on a Maui condo today. I have one more real estate deal in the works and just closed my last one late July, so I’m sorry to all those with real estate, it’s probably the top as I’m piling in. 

Well that’s a hell of a lot cooler than a bond!!! Congrats!

[Red Lion]

@thepupil @fareastwarriors Thank you very much! I like to think of it as a TIPS with benefits. 

Edited September 23, 2023 by RedLion

[KPO]

TRC

[Luke]

Added to Evolution AB 

[Dinar]

27 minutes ago, Luca said:

Added to Evolution AB 

Why?  What do you think of Entain news today?  (Somewhat different business, but still)  Thank you.

[Luke]

15 minutes ago, Dinar said:

Why?  What do you think of Entain news today?  (Somewhat different business, but still)  Thank you.

I have owned it for a couple of months with a starter position, down 30% from where I bought. Building up the position, think it's a great business with decent management. Regarding regulations, I think unregulated will either stay unregulated for some time or morph into regulated markets. Business is still growing revenues 30% QoQ with increasing margins and trades at 20x earnings. Onlinecasino market continues to grow, digitalization/VR tailwinds etc. Regarding entain: 

 

“It appears a lot of the weakness is driven by sporting results, which should normalise over time.”

Jette Nygaard-Andersen, Entain’s chief executive, stressed that the gambling operator “[continued] to see good underlying growth in our online business” as well as strong full-year earnings “despite softer than expected revenue growth in Q3 and the ongoing roll-out of industry-leading safer gambling measures”.

 

https://www.ft.com/content/a0b32ffe-b602-4f84-b787-cecadb204bab

 

Industry is hated, otherwise it wouldn't trade at 20x earnings at that growth. 

 

 

 

 

Edited September 25, 2023 by Luca

[Luke]

Analyst estimates are at 1.7b earnings in 2025. With a 20x multiple thats more than 50% gain from here and one can still stay for the compounding over time. 

Edited September 25, 2023 by Luca

[Luke]

40 minutes ago, Luca said:

I have owned it for a couple of months with a starter position, down 30% from where I bought. Building up the position, think it's a great business with decent management. Regarding regulations, I think unregulated will either stay unregulated for some time or morph into regulated markets. Business is still growing revenues 30% QoQ with increasing margins and trades at 20x earnings. Onlinecasino market continues to grow, digitalization/VR tailwinds etc. Regarding entain: 

 

“It appears a lot of the weakness is driven by sporting results, which should normalise over time.”

Jette Nygaard-Andersen, Entain’s chief executive, stressed that the gambling operator “[continued] to see good underlying growth in our online business” as well as strong full-year earnings “despite softer than expected revenue growth in Q3 and the ongoing roll-out of industry-leading safer gambling measures”.

 

https://www.ft.com/content/a0b32ffe-b602-4f84-b787-cecadb204bab

 

Industry is hated, otherwise it wouldn't trade at 20x earnings at that growth. 

 

 

 

 

*YoY

[KPO]

More TRC

[jouni1]

Bought some LVMH. Not going to miss the dip once again 

[Luke]

13 minutes ago, jouni1 said:

Bought some LVMH. Not going to miss the dip once again 

Haha yeah, saw that one going down. I'm still only nibbling. 

[Lance]

New position in ARE.

 

Added to LAMR.

 

Thanks

Lance

[Spekulatius]

$CASH (rebought), a bit more BTI and a starter in $CNHI

 

Also have been adding to PRNDY / RI.PA recently.

Edited September 26, 2023 by Spekulatius

[Luke]

43 minutes ago, Spekulatius said:

and a starter in $CNHI

Really like to own this via Exor but have no deep opinion on that particular industry. Not a bad business and produces cash for exor.

[Eng12345]

CPNG - starting to get cheap again.

Edited September 27, 2023 by Eng12345

[Saluki]

11 hours ago, Eng12345 said:

CPNG - starting to get cheap again.

 

I've been adding slowly slowly to NTDOY.  I also bought a small amount of CPNG and BTI yesterday. CPNG is trading at prices below what they were before their last quarterly earnings came out (which were awesome), so it's like getting more free bites at the apple. 

[ValueMaven]

Bought NEE 

[lnofeisone]

3 hours ago, ValueMaven said:

Bought NEE 

What's your thinking here, specifically around NEE/NEP vs. BIP?

[ValueMaven]

13 minutes ago, lnofeisone said:

What's your thinking here, specifically around NEE/NEP vs. BIP?

 

I dont like anything BN related ... sooo ... 

 

BIP is really just an Infrastructure PE firm - they flip everything.  Plus I dont buy LPs ... and BIPC has too high of a C-Corp spread