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What are you buying today?


LowIQinvestor

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On 10/26/2024 at 11:02 PM, no_free_lunch said:

I like the concept.  Need to do some DD on my end.  What is your base case scenario if you look out a few years?

Well my hope is it gets caught up in the wave of Nuclear fomo and gets bid up outside of fundamentals thus delivering a really great return.

 

Actual fundamentals gets me a slightly better valuation than the attempted acquisition a few years out. Say in the range of 14-17 a share. When the company was involved in getting acquired last time there was a lot of interest. 

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Small initial starter position in JYSK.CPH [Jyske Bank A/S] at DKK 486.20 today. It dropped 9% today on a 2024Q3 report that was as about as expected, and on the introduction of a New Strategy, which I read as basically 'more of the same, as usual', while all analysts and commentators  are screaming 'booh-booh', combined with a <thumb down>.👎

 

P/B~ 0.68, P/E ~5.4, ROE ~ 13.5%, ROTCE ~ 14.8%, ongoing dividends and share buybacks, the bank running without any major challenges for now.

Edited by John Hjorth
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I bought some Berkshire b shares.

The statistical weak months September and October are over.

The election is coming to the end and there could be a rally, because of ending of uncertainty.

Results are coming at Saturday and I am betting on that the gift will still keep giving. 

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Picked up a few shares of VRRM and POWWP.  VRRM seems to be trading down way too much on a good quarter because of weakness in their parking business.   POWWP is trading at ~$19 and it's a $25 cumulative preferred for a company with terrible management but no net debt, so I haven't been able to figure out the discount.

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