What are you buying today?

[nwoodman]

21 hours ago, Paarslaars said:

Isn't a discount to NAV what you would expect for a holding group like this? PSH has always traded at a similar discount. 

 

I would not invest here as a discount to NAV play but if you like the stocks they are holding, it could serve as an ETF. I like the idea though, will look further into it. Curious to see if I can sell this to my wife as an excuse to visit Japan again (alone).

Absolutely, it’s a question of how much of a discount should apply.  I think the current discount offers a margin of safety.  It’s around 70% of NAV today and if you like the companies that is invested in then it seems a fair price.  One that likely does 10-12%+ returns.

[Spekulatius]

On 7/12/2024 at 9:39 AM, Saluki said:

 

I was looking at this a few days ago, unfortunately Merrill won't let me trade it 

 

The CEO doesn't seem interested in listening to the activist who wants them to sell off the stakes in other companies and do a buyback or increase the dividend to close the gap between book value and market value.  Unlocking that value will depend on how serious the Japanese government is about undoing these interlocking ownership structures (You own shares in my company, I own shares in your company and we sit on each other's boards, drink saki and vote against any minority shareholders that try to tell us we should run a company for the owners, not the management).

What they really should do is sell the bank for book value and keep the shareholdings.

[winjitsu]

13 hours ago, frommi said:

Sorry  

I'm sure we'll both make alot of money... just could have made a little more  The volume increase this week and number of mentions on Twitter means this is no longer under the radar
 

Just two weeks ago, I was convinced I was the only person looking at it. But it shows there are smarter people than me all around the world always looking 

[nwoodman]

5844.T Kyoto Financial Group

[Spekulatius]

On 7/5/2024 at 2:11 PM, Spekulatius said:

Added to PLX.PA (Pluxee) and a starter in FIVE.

FIVE went bad quickly. CEO left  earnings warning and very lousy SSS.

https://finance.yahoo.com/news/five-belows-ceo-president-steps-221245209.html

[dwy000]

15 minutes ago, Spekulatius said:

FIVE went bad quickly. CEO left  earnings warning and very lousy SSS.

https://finance.yahoo.com/news/five-belows-ceo-president-steps-221245209.html

Are you out?  These things rarely recover quickly. 

[Saluki]

So much stuff on sale today !  

 

I bought some META, CPNG, Kraken Robotics. 

 

I also added 20% to my Grupo Televisa position, but I intend to sell my higher cost basis shares 31 days from now for the tax loss and repeat again before the year end to offset some gains on winners.  

[Luke]

12 minutes ago, Saluki said:

So much stuff on sale today !  

 

I bought some META, CPNG, Kraken Robotics. 

 

I also added 20% to my Grupo Televisa position, but I intend to sell my higher cost basis shares 31 days from now for the tax loss and repeat again before the year end to offset some gains on winners.  

Uff, stuff on sale with -4% :D? I like semiconductors going down and ASML deserves way more than -10% but hey. Still sitting on the sidelines in regards to semiconductors and US tech. Happy with Fairfax, Tencent, PDD, Oil/Coal, etc

[Malmqky]

Sold some Valaris stock, bought some warrants.

 

Sold some Tencent, bought some Prosus (gross).

[sleepydragon]

bought FNMA

[dpetrescu]

On 7/12/2024 at 6:04 AM, Ross812 said:

I bought a basket of durables/construction related companies JCI, GGG, AOS, CARR, TT, DE, OTIS, CRH, and SSD with proceeds from a sale of JCI. My position in JCI which has appreciated in the past few months and had similar valuation to the others so I practiced a little diversification. 

wow this is the first time I’ve seen someone here invest in SSD. That’s my life long investment punchcard. Welcome to the club!

 

any highlights from the other names you mentioned?

[Spekulatius]

7 hours ago, dpetrescu said:

wow this is the first time I’ve seen someone here invest in SSD. That’s my life long investment punchcard. Welcome to the club!

 

any highlights from the other names you mentioned?

The problem with most of those names is that they are more expensive than JCI. I also bought the stock when it was at low 50’s and think I just keep it. The business has huge LT tailwinds and it could become a LT compounder after shedding so many lousy business (batteries, auto components etc).

Edited July 20, 2024 by Spekulatius

[aesophawk]

Added to MSGE

Started a position in UTMD

[lnofeisone]

CRM starter. 

[n.r98]

Made a few weird trades lasst night with my itchy fingers... bought more SE and IGIC, initated ULTA and TSM 

Edited July 23, 2024 by n.r98

[Spekulatius]

Bought some EVO /EVVTY today.

[mananainvesting]

Bought a tracker position in $DLTR. (Literally 1 share). Anyone else looking at this?

[Saluki]

Picked up a little AOS on the dip, and some OXY.  

[fareastwarriors]

OXY at $60

[CorpRaider]

Comcast

[boilermaker75]

Wrote OXY 60-strike July 26 expiration puts.

[jfan]

STLA

[formthirteen]

CME

 

15 hours ago, Spekulatius said:

Bought some EVO /EVVTY today.

 

Is there a thread for EVO? I couldn't find one. You could think something with this growth and margins would trade at higher multiples:

 

[Junior R]

43 minutes ago, boilermaker75 said:

Wrote OXY 60-strike July 26 expiration puts.

same at 50 cents

[Spekulatius]

3 hours ago, formthirteen said:

CME

 

 

Is there a thread for EVO? I couldn't find one. You could think something with this growth and margins would trade at higher multiples:

 

Yes, there is:

EVO looks cheap,  but there  is some concern that the high margins may not be sustainable. They also saw some margin deterioration this quartet.

Edited July 23, 2024 by Spekulatius