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What are you buying today?

LowIQinvestor

By LowIQinvestor
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Castanza
Castanza

Agreed, enjoyed the writeup. I've been accumulating a position as well. 

DooDiligence
DooDiligence

More BRK.B & GOOGL for the 2034 bucket.

CassiusKing1
CassiusKing1

Time to retreat to Helm's Deep.  Buying BRK/B.

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Saluki Grand Master

Saluki

Posted
Posted
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 Mentor

ValueMaven

Posted
Posted
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 

lnofeisone Veteran

lnofeisone

Posted
Posted
16 hours ago, ValueMaven said:

 

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 

That's fair. I saw the sell off and it got me curious. I invest into renewables directly and NEE getting cheaper is a good way to diversify a tad. 

Spekulatius Grand Master

Spekulatius

Posted
Posted
42 minutes ago, lnofeisone said:

That's fair. I saw the sell off and it got me curious. I invest into renewables directly and NEE getting cheaper is a good way to diversify a tad. 

Higher interest rates are not kind to renewables, which require enormous Capex and cheap financing to work. there is probably a lesson for BIP there as well.

 

Utility stocks look very iffy to me, due to relatively high valuations and slowing dividend growth. they were a bond substitute during ZIRP and do not look competitive with high grade bond funds that yield 6-7%.

lnofeisone Veteran

lnofeisone

Posted
Posted
20 minutes ago, Spekulatius said:

Higher interest rates are not kind to renewables, which require enormous Capex and cheap financing to work. there is probably a lesson for BIP there as well.

 

Utility stocks look very iffy to me, due to relatively high valuations and slowing dividend growth. they were a bond substitute during ZIRP and do not look competitive with high grade bond funds that yield 6-7%.

I agree 100%. Renewable game right now is very locale-specific on the financing side. The question then becomes, at what price does NEE become attractive. 

jfan Experienced

jfan

Posted
Posted
1 hour ago, Spekulatius said:

Higher interest rates are not kind to renewables, which require enormous Capex and cheap financing to work. there is probably a lesson for BIP there as well.

 

Utility stocks look very iffy to me, due to relatively high valuations and slowing dividend growth. they were a bond substitute during ZIRP and do not look competitive with high grade bond funds that yield 6-7%.

 

40 minutes ago, lnofeisone said:

I agree 100%. Renewable game right now is very locale-specific on the financing side. The question then becomes, at what price does NEE become attractive. 

I guess that's why Altius thinks there is potential applying a royalty model of financing in this space 

 

Bought more NTDOY 

Spekulatius Grand Master

Spekulatius

Posted
Posted (edited)
On 9/28/2023 at 9:42 AM, lnofeisone said:

I agree 100%. Renewable game right now is very locale-specific on the financing side. The question then becomes, at what price does NEE become attractive. 

I don't know the answer to that question, but the stock does not necessarily looks all that cheap. They have earnings of ~$3.1, so that's a 18.4 PE. Maybe NEE deserves a premium to the utility sector (which i view as generally unattractive at current interest rates), but then we have the issue with the drop down MLP NEP.

 

Dropdown MLP are nothing but trouble, they work for a while as long as they can show rapid growth, but once they become too large, growth tends to wane. They are also always at the mercy of capital markets for fresh equity and debt. not a great combo if things become a bit more tight in capital markets.

 

My thinking is that NEE as the GP needs to keep NEP alive and most likely they will have to fold this back in the mothership at some point if it's cost of capital becomes excessive. So more dilution, slower growth is on the horizon.

 

This is going to take a while to work out. In the meantime, there are a lot of dividend growth investor apes in this stock, some are still buying the dip and there is tax loss season coming.

 

Of course Brad Thomas is in this one too:

https://seekingalpha.com/article/4632662-nextera-energy-one-of-best-times-in-5-years-to-buy-this-dividend-aristocrat

 

I know this is more thinking out loud (and writing it down) than answering your question.

 

Edited by Spekulatius
Spekulatius Grand Master

Spekulatius

Posted
Posted

Added a bit more RI.PA / PRNGY today and NTDOY yesterday.

 

I have also been reading up on HEIO.AS (Heineken Holding) that @Dinar mentioned recently. Looks somewhat cheap, but they have been missing their earnings forecast for the first half and now backloading the second half. They will have an update mid October and at time, the stock could get wobbly  - at least that was the case last year.

John Hjorth Grand Master

John Hjorth

Posted
Posted
30 minutes ago, Spekulatius said:

Added a bit more RI.PA / PRNGY today and NTDOY yesterday.

 

Certainly interesting.

 

I wonder if market participants are sobering up.

 

... I mean I don't think we have seen any pics of CoBF members friday afternoon shopping cart contents lately, so everybody in the industry are putting robes in their sails, reducing credit times for customers, reducing sizes of inventories, looking with a comb on staffing, and trowing a critical view on the base of fixed costs.😉

Dinar Veteran

Dinar

Posted
Posted
21 minutes ago, John Hjorth said:

 

Certainly interesting.

 

I wonder if market participants are sobering up.

 

... I mean I don't think we have seen any pics of CoBF members friday afternoon shopping cart contents lately, so everybody in the industry are putting robes in their sails, reducing credit times for customers, reducing sizes of inventories, looking with a comb on staffing, and trowing a critical view on the base of fixed costs.😉

IKEA is now running sales in NY, I have not seen that in years.

Spekulatius Grand Master

Spekulatius

Posted
Posted (edited)
1 hour ago, John Hjorth said:

 

Certainly interesting.

 

I wonder if market participants are sobering up.

 

... I mean I don't think we have seen any pics of CoBF members friday afternoon shopping cart contents lately, so everybody in the industry are putting robes in their sails, reducing credit times for customers, reducing sizes of inventories, looking with a comb on staffing, and trowing a critical view on the base of fixed costs.😉

Sobering up - now that is a bleak outlook. Maybe they are switching from high end Russian Vodka to Bud light that's on sale with a coupon.

 

Also Ikea is constantly run sales - not sure that means much.

 

@dealraker buying wine at Walmart left me already in dispair - almost forgot about that one until @John Hjorth posted. Why not just buy the house brands at Costco to damage the liver with stuff that's worth it?

 

I just opened one of these bottles the other night to support the Pernod Ricard cause:

https://kenwoodvineyards.com/wines/jack-london-series/jack-london-cabernet-sauvignon-2018

 

(bought this one on a sale for ~$20 if I remember correctly)

Edited by Spekulatius
dealraker Veteran

dealraker

Posted
Posted (edited)
27 minutes ago, Spekulatius said:

Sobering up - now that is a bleak outlook. Maybe they are switching from high end Russian Vodka to Bud light that's on sale with a coupon.

 

Also Ikea is constantly run sales - not sure that means much.

 

@dealraker buying wine at Walmart left me already in dispair - almost forgot about that one until @John Hjorth posted. Why not just buy the house brands at Costco to damage the liver with stuff that's worth it?

 

I just opened one of these bottles the other night to support the Pernod Ricard cause:

https://kenwoodvineyards.com/wines/jack-london-series/jack-london-cabernet-sauvignon-2018

 

(bought this one on a sale for ~$20 if I remember correctly)

spek we love the wine we drink, fairly dry chardonnay.  And I do drink the lightest of beers and Bud Light is one of my fav's.  I sit on the porch of our Workman Road farm with cousins and brother in law on late Sunday afternoon at a 200 plus year old house with bees in the siding and a fancy outhouse.  And the bunch sitting there most days would tally $250 mil in net worth for sure.  The Bud Light's, Aldi wine, overalls and suspenders...it rocks!  I do have $50,000 of bikes of the pure pedal type though...gotta get your priorities straight.  

Edited by dealraker
grammar and spellin'

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