What are you buying today?

[Stuart D]

42 minutes ago, Malmqky said:

Little more Valaris.

 

Trading at ~20-25% of of replacement, new contracts really starting to rollover, committed (supposedly) to returning all FCF to shareholders...and there's lots of it. Probably should buy a basket, but I like the size and quality of fleet vs competitors and the fact VAL isn't leveraged like the others.

 

We'll see how this works out over the next decade.

Agree Valaris is looking good here. Fcf starting to roll in. 

[Spekulatius]

2 hours ago, LC said:

Vestis looks like a debt paydown story. They are doing some cost cutting which may or may not work, but I imagine the real story is paying down all the debt they are saddled with post-spin. That value will accrue to equity holders over time.

VSTS was a margin improvement and debt paydown story from the spin. Now it looks again like the spinoff was oversold and my guess is that they may have to sacrifice some margin to keep the topline from falling. The CC brought new information to light that they have customer retention issues which to me sounds like a combination of service issues and pricing. This was not dixlosed before. They need to work this out to prevent the topline from imploding (which is the real risk here).

At least, I am not paying a fancy multiple here and if the story works out LT, then I still think we could see a multibagger here.

I think @Dinar owns the stock too and may have further insight.

 

[Dinar]

I cut my position by roughly 80% post Q1 results in February, and I sold the rest today.  I just don't think the company is analyzable today, and if we go into recession it can be a zero.  

[Gregmal]

4 hours ago, Malmqky said:

Little more Valaris.

 

Trading at ~20-25% of of replacement, new contracts really starting to rollover, committed (supposedly) to returning all FCF to shareholders...and there's lots of it. Probably should buy a basket, but I like the size and quality of fleet vs competitors and the fact VAL isn't leveraged like the others.

 

We'll see how this works out over the next decade.

If you’ve got a decade I like the warrants way better 

[bathtime]

SBUX 

[coffeecaninvestor]

Tiny add to CACI yesterday and today 

[Junior R]

Fairfax India

[ArminvanBuyout]

Added to BLDR

[Saluki]

MSCI, NTDOY and a small resting bid on TAYD that I forgot about got filled. 

[thowed]

BLDR and Nintendo.

[Paarslaars]

Also added to Nintendo this morning. I was looking at BLDR, like the track record of the management but it's not exactly cheap.

 

If BYON drops further today I'll add some more calls. 

[Malmqky]

Nintendo as well

[John Hjorth]

On 5/3/2024 at 8:05 PM, John Hjorth said:

Started with small positions today in :

 

BALB B.STO [Fastighetsbolaget Balder AB, ser. B, Göteborg, Sweden], &

CAST.STO [Castellum AB, Stockholm, Sweden].

 

I may change my mind about them and sell them at any moment, thereby considering the buys of them errors.

 

A bit more BALD B.STO.

[Cod Liver Oil]

Starter in Sony and more Nintendo. As @nwoodman has said there is a little too much consensus on Nintendo, but I don't think that matters.

Edited May 8, 2024 by Cod Liver Oil

[Eng12345]

Sold some TPC and bought something me NTDOY

[Saluki]

CPNG, NTDOY and MSCI.   

 

 

[LC]

42 minutes ago, Eng12345 said:

Sold some TPC and bought something me NTDOY

 

Well done on the TPC trade. Looks even more torqued than Aecon in retrospect.  

[Paarslaars]

40 minutes ago, Saluki said:

CPNG, NTDOY and MSCI.   

 

 

Also added a bit of CPNG

[ArminvanBuyout]

6 hours ago, Paarslaars said:

Also added to Nintendo this morning. I was looking at BLDR, like the track record of the management but it's not exactly cheap.

 

If BYON drops further today I'll add some more calls. 

I think BLDR looks cheap if you assume we're at near-trough earnings right now, and it's likely trading at high-single digit normalized/mid-cycle EPS. And if you believe that we still have structural underbuilt housing, then the cycle will last much longer than prior ones, and the entry is solid.

 

Obviously not as cheap as it was in October - stock has ripped a lot, so makes sense for such a large drop, but nonetheless, it's still cheap if you have a multi-year view

[Eng12345]

1 hour ago, LC said:

 

Well done on the TPC trade. Looks even more torqued than Aecon in retrospect.  

Thank you. I'm still holding a lot of Aecon and small amount of TPC. It seems Aecon is the better company of the two. 

[CorpRaider]

MGM, DFH

[Saluki]

I trimmed something and sprinkled the proceeds for small buys in some of my smaller holdings:  ATEX, FRPH and ENPH. 

[lnofeisone]

Joining you all in MSCI, NTDOY for set and forget and BYON and CPNG LEAPs for speculative accounts. 

[Ross812]

A little more NTDOY, HQI, and DFIN this week. 

[Paarslaars]

On 5/8/2024 at 5:52 PM, Cod Liver Oil said:

Starter in Sony and more Nintendo. As @nwoodman has said there is a little too much consensus on Nintendo, but I don't think that matters.

I think the consensus already proved to be correct when Nintendo almost hit the 9000 yen mark. (I am so posting Vegeta memes when it does, even though that is not their IP )

 

The fact that the switch got delayed by a couple of quarters really should not make any difference here... Just creates buying opportunities, though I have difficulties averaging up.

Edited May 10, 2024 by Paarslaars