What are you buying today?

[Spekulatius]

Bought a bit more PLX and HUM and RTO. A starter in SEB ( Graham type low P/B stock)

Edited October 4, 2024 by Spekulatius

[BG2008]

Bought more FRPH in one of my portfolio that had lower weighting

 

As I was sharing a lot of the analysis, I realized that the valuation is actually the most attractive in 3 years and we are going into a rate cutting environment. I decided that I need to add the weighting to one of my portfolios. 

[Saluki]

I've been buying a little every day of some of my very small positions to get them to 1%.  I don't want to take big bites until I sell off a couple of things that I went overweight on (I overbought OXY and hope to sell the higher cost shares in a month and get the tax loss and still maintain the position.  I also overbought GOOG on the selloff and plan to trim it whenever it gets over 20% of my portfolio, which I should've done before the big drop).

 

Very small positions:  CROX, NEP, EPD, VET, PM, and lately RTO and VRRM.  

[WFF]

1 hour ago, BG2008 said:

Bought more FRPH in one of my portfolio that had lower weighting

 

As I was sharing a lot of the analysis, I realized that the valuation is actually the most attractive in 3 years and we are going into a rate cutting environment. I decided that I need to add the weighting to one of my portfolios. 

I need to take a look at this again, I was frustrated last time as it is so illiquid.  But I am guessing you are the one that just push this into the 3 handle?   

[BG2008]

20 minutes ago, WFF said:

I need to take a look at this again, I was frustrated last time as it is so illiquid.  But I am guessing you are the one that just push this into the 3 handle?   

 

I bought a few shares, but I am not the one that pushes it into the $30s, my buy is in the $29.70 range. 

[tnathan]

I've decided to make a collection of the non Medicaid health insurers 15-20% of my portfolio. Major risk of (a) change in government policy, (b) utilization / loss rates being materially higher than estimates over more than a few years (c) some other major competitive change in the value chain I think are extremely low - with (a) being far lower now than maybe a few years ago with both parties showing no interest in changing the status quo. I think buying as a basket gets you a pretty easy 10%+ per year especially with a few of the MA players (CVS, Humana) now trading at value prices. If multiples ever go up from ~10-12 EV/EBITDA that's a kicker

[Spekulatius]

2 hours ago, tnathan said:

I've decided to make a collection of the non Medicaid health insurers 15-20% of my portfolio. Major risk of (a) change in government policy, (b) utilization / loss rates being materially higher than estimates over more than a few years (c) some other major competitive change in the value chain I think are extremely low - with (a) being far lower now than maybe a few years ago with both parties showing no interest in changing the status quo. I think buying as a basket gets you a pretty easy 10%+ per year especially with a few of the MA players (CVS, Humana) now trading at value prices. If multiples ever go up from ~10-12 EV/EBITDA that's a kicker

I like ELV the most. It’s basically a poor man’s version of UNH whith a pretty good execution and a more palpable valuation. Bought my shares in 2020 and then more in 2023. I am also a HUM bag holder but that has now become a multi year turnaround and perhaps takeover story.

 

I also own some CNC and bought and sold that one a couple of times before, all with profits.

Edited October 4, 2024 by Spekulatius

[dwy000]

20 hours ago, tnathan said:

I've decided to make a collection of the non Medicaid health insurers 15-20% of my portfolio. Major risk of (a) change in government policy, (b) utilization / loss rates being materially higher than estimates over more than a few years (c) some other major competitive change in the value chain I think are extremely low - with (a) being far lower now than maybe a few years ago with both parties showing no interest in changing the status quo. I think buying as a basket gets you a pretty easy 10%+ per year especially with a few of the MA players (CVS, Humana) now trading at value prices. If multiples ever go up from ~10-12 EV/EBITDA that's a kicker

I think you'll do just fine with this portfolio and a lot of your tailwind rationale holds. Just keep in mind that a lot of these MA companies are deeply intertwined with other businesses that can be a drag even if your thesis on MA proves correct.   The press and government seem determined to villify PBM's which could impact both CVS and UNH

[tnathan]

6 hours ago, dwy000 said:

I think you'll do just fine with this portfolio and a lot of your tailwind rationale holds. Just keep in mind that a lot of these MA companies are deeply intertwined with other businesses that can be a drag even if your thesis on MA proves correct.   The press and government seem determined to villify PBM's which could impact both CVS and UNH

Agreed but barring a forced breakup of the companies I think the risks are limited. Everyone hates healthcare but we don't actually have the political will to change how its working in substantial ways

[no_free_lunch]

On 10/4/2024 at 10:23 AM, BG2008 said:

 

I bought a few shares, but I am not the one that pushes it into the $30s, my buy is in the $29.70 range. 

Sorry about this. It was me.  I'm moving the market lol. 

[weighingmachine]

FFBB

[Dinar]

Bought Jan 2027 60 UAL calls yesterday

[CorpRaider]

MODG

[mananainvesting]

Buying $HTLD. Anyone following this company? CEO and his trust are buying lots of shares in the open market. Below is my thesis. Not advise.

[fareastwarriors]

small add to $AIV

[mananainvesting]

More $HTLD

[Saluki]

Picked up a few shares of NTDOY and put a limit order in for some more if it goes below $13.  

[BG2008]

16 hours ago, fareastwarriors said:

small add to $AIV

 

Instead buying when there is blood on the street, it's buying when there is a hurricane barreling down Florida 

[Malmqky]

some more frph cuz I'd rather own that than cash, a smidge of google.

Edited October 9, 2024 by Malmqky

[frommi]

BP,TAP,SHEL,OZK,CPH:STG,STO:EVO. Sold most of my REIT's for that except Sila and NXRT.

Edited October 9, 2024 by frommi

[villainx]

I have been purchasing CLIR, Clearsign Technology.  They make low NOx burners for energy/chemical industrials, nominally turning an expensive post burn cleaning process to a pre burn process.  I bought it long ago relying on adoption of strict emission standards on national and state level, but before there was a market ready product, price of thinking I was a genius.  But I have been adding as price dropped, and currently.

 

Main difference is that there is more proof of concept as CLIR has been booking sales.  Plus where they figured they mainly be in refinery burners, there's been sales in horizontal markets, like recent press releases in chemical and power generation burners, and in Texas, Missouri, and Oklahoma, versus chiefly in California.  Additionally, they claim and verified, that their burners can achieve similar results with emerging use of hydrogen as fuel.  With the current sales, they are still a bit from breakeven, but seem to be suggesting it will be close.  

 

Anyway, just wanted to share and also welcome any pushback.

Edited October 9, 2024 by villainx

[Ross812]

Added back to HQI yesterday at $12.90 after selling a bit in the $14s. Also bought a big slug of ULTA today as a starter. 

[Dinar]

Bought CP today and made it a 5% position.  

[rogermunibond]

@Dinar i was just looking at CP. CNI, and UNP

 

Did you choose CP for the Mexico play?

[Dinar]

31 minutes ago, rogermunibond said:

@Dinar i was just looking at CP. CNI, and UNP

 

Did you choose CP for the Mexico play?

Yes.  They have the best network in NA and the best management team.