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What are you buying today?


LowIQinvestor

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44 minutes ago, ValueMaven said:

Also bought MSCI today ... was down -15% at one point.  Huge switching costs and I like their approach to capital allocation.  Rare to get a quality compounder like this on sale.

I disagree with you.  There are no switching costs, and tremendous customer concentration with customers incentivized to switch.  

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MSCI charges a fortune on their Barra data - the bank I used to work for pay a couple millions for it. Nowadays there’s Axiomas which is a competitor and much cheaper. Still, the large places will keep using it but less so. Another revenue source is MSCI index. The only people who pays for their index data are those who prop trade around index rebalancing but they are all losing money. I would rather buy SP Global if paying such a high premium 

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Bough a bunch more Simpson Strongtie. This is my forever 80% of portfolio position. Below expectations earnings - down almost 12% at the bottom today. They definitely are tied to housing starts. Love to see the PE under 20 on this

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5 hours ago, sleepydragon said:

MSCI charges a fortune on their Barra data - the bank I used to work for pay a couple millions for it. Nowadays there’s Axiomas which is a competitor and much cheaper. Still, the large places will keep using it but less so. Another revenue source is MSCI index. The only people who pays for their index data are those who prop trade around index rebalancing but they are all losing money. I would rather buy SP Global if paying such a high premium 

But what do I know.. I knew about this company for the past 20 years but didn’t buy any:(

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6 hours ago, sleepydragon said:

Another revenue source is MSCI index. The only people who pays for their index data are those who prop trade around index rebalancing but they are all losing money. 

All the passive indexers pay for index data . That’s why vanguard switched to ftse 10 years ago, to save on the fees. MSCI crashed then and I should have bought, but didn’t because I thought others might follow.

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10 hours ago, dpetrescu said:

Bough a bunch more Simpson Strongtie. This is my forever 80% of portfolio position. Below expectations earnings - down almost 12% at the bottom today. They definitely are tied to housing starts. Love to see the PE under 20 on this

It’s 80% of your portfolio? 

EDIT: Already found my answer in your other posts - thanks

Edited by Kizion
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Bought in past days some HHH (and sold covered calls @70), SOLB, MSCI & META (waiting for first bump before also writing some covered calls). 

Added some additional margin. All positions are for short to midterm with exit price in mind. 

Edited by Kizion
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Nintendo!

 

~25% market cap in cash


PE of ~17

 

Conservative management

 

Incredibly well protected and nurtured brand

 

LOTS of exciting things in the works - Switch 2, continued focused on “App Store” model for lack of a better term, theme parks and movies

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Yea I grabbed a bit more Nintendo too. Really puzzling trader this one is. Fundamentals inflecting and stock drives to $15, and then sells off after a couple dumb hit pieces relating the the timing on new console, IE we are talking a few quarters, and now off $3+ from the highs. 

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9 minutes ago, Xerxes said:

Disney => 34% since oct 2023

Nintendo => 16% since oct 2023

 

cherry picking? of course I am

Go Bobby 

 

So you're saying Nintendo should be up at least 68% since Oct because it's twice the company Disney is ;)?

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