What are you buying today?

[tnathan]

ADM - I think the market cap reaction is too much for what is likely a small misstatement...stock will be under pressure until investigation is done.

 

WABC - Bank with potentially the best deposit base in the country. 2x tbv is cheap for this  -> typically trades at 3x+ tbv given how consistent this bank is. Mostly a levered bond shop and not a traditional lender so doesnt have as much risk as other banks (only duration risk, which has hurt, but doesnt matter as much for them given the low cost deposits)

[lnofeisone]

NNI, NEP. Built full position in both over the last two weeks. The fundamentals on both are either underappreciated (NNI) or assigned too much risk (NEP). 

[Luke]

Putting my Fairfax Dividend to work: Put two buy orders in for CEIX @NYSE and JOE @NYSE

Edited January 26, 2024 by Luca

[gfp]

1 hour ago, Luca said:

Putting my Fairfax Dividend to work: Put two buy orders in for CEIX @NYSE and JOE @NYSE

 

Nice!  I hadn't noticed it hit this morning.  I love Fairfax dividend day.  Something about getting it all at once that makes it seem like a lot.

[Luke]

14 minutes ago, gfp said:

 

Nice!  I hadn't noticed it hit this morning.  I love Fairfax dividend day.  Something about getting it all at once that makes it seem like a lot.

Yeah exactly, I was waiting for it yesterday, on my second broker it already arrived but at IB it was there when I woke up this morning  

[formthirteen]

Wine and NNI. Already regretting buying Chinese stocks. This is the market way.

[Lance]

Jardine Cycle & Carriage

 

Thanks

Lance

[KJP]

Asbury Automotive

Rand Worldwide

[Hektor]

6 hours ago, KJP said:

Asbury Automotive

 

@KJP Out of curiosity, why Asbury? why at this price? Thanks,

[KJP]

18 minutes ago, Hektor said:

@KJP Out of curiosity, why Asbury? why at this price? Thanks,

 

I think Asbury is a good to very good (and well managed) business trading at less than 10x normalized earnings.  I recognize, though, that earnings are likely to come down as new car margins normalize.

Edited January 30, 2024 by KJP

[dipod]

CPRI

[Malmqky]

Hershey, bought a decent sized chunk - 2% of the portfolio.
 

I’ve managed to build confidence in Hershey as a brand. Don’t have any insight in cocoa prices, but surely over the coming years they’ll normalize…fingers crossed. Monitoring GLP-1 related stuff, just kind of taking a wait and see approach.

 

I don’t think this is going to be a world beater, but I think buying dips over the next year or two will result in a decent return.

 

Mostly I just want to own some iconic brands and this one doesn’t seem too expensive/actually kind of cheap.

Edited January 31, 2024 by Malmqky

[Seoshin]

CPNG

[tnathan]

SN, FFBB, UBAB

[valueventures]

Starter position in BOC

[Cod Liver Oil]

adding to Odet.

[dipod]

CPRI

[Spekulatius]

Added a bit more $JCI yesterday and $APA today.

[Saluki]

Added some OXY.  

[nwoodman]

EXO.AS

[Red Lion]

Bought 400 shares of BTI in my 401k. I’ve been letting my contributions stack, and all my high conviction ideas are trading at all time highs. 
 

It was down to BTI or more CLPR. I’m a bit of a yield hog in my 401k and tend to trade way better in my taxable accounts due to closet momentum chasing. 

[fareastwarriors]

8 minutes ago, RedLion said:

It was down to BTI or more CLPR.

 

I been adding to CLPR around $5. 

 

 

 

 

[formthirteen]

Adding echoes of BTI by bying more BTI with the BTI dividend.

[ValueMaven]

Bought some HES.  Oil decline is overdone, and there is an 8% spread into the deal.  It's a cheap bet on CVX, and the spread closing in early 2Q24.  CEO seems committed to the deal.

[Junior R]

28 minutes ago, ValueMaven said:

Bought some HES.  Oil decline is overdone, and there is an 8% spread into the deal.  It's a cheap bet on CVX, and the spread closing in early 2Q24.  CEO seems committed to the deal.

any reason why there is a gap in purchase price and current price?