What are you buying today?

[aceskc]

31 minutes ago, gfp said:

 

impressive! jk jk

thx for catching the typo.

[lnofeisone]

2 hours ago, buylowersellhigh said:

 

what makes CACI so much better than a BAH or SAIC?

 

BAH is very good at competing in the lowest cost technically acceptable (LPTA) types of contracts. CACI has made efforts to invest into its capabilities (agile software factory) so they can show a bit of innovation at competitive costs. 

 

I personally would stay away from these names for the next few months. There is a massive shift to push work to small businesses and the entire gov't contracting sector is realigning right now. You can see it by looking at which vehicles are being used for procurements. All the biggies are now hitting up small businesses to build up a rolodex. CACI is no exception. 

[villainx]

On 11/15/2024 at 6:21 PM, sleepydragon said:

i sold it at $12, now it’s cheaper. This thing can be a multi bagger when they finally start selling it

 

Thanks.  I still have a little bit but hadn't followed super closely.  Might get back in again.  Dec decision could be short term catalyst, but if it's not what shareholders want, it could only be a brief setback until May?  There is some margin of safety at this level.

[petec]

On 11/15/2024 at 11:12 AM, StevieV said:

 

Leading LatAm alt manager trading at a good price (about 14x 2024 earnings measured in DE).  I think they'll grow decently on a per-share basis. Scale matters for alts and so I like their scale in the region.

 

I have had success with the US alts - APO/ARES/KKR/BX/OWL.  However, they have all run up a lot.  PAX remains apparently cheap.  In general, I like that PAX (and various alts) can grow while paying out a substantial percentage of their earnings.

 

I think the big uncertainty for both me and the market is the Latam component.  I expect that's why it hasn't run up with the US alts.  The company claims a majority of AUM in hard currencies, but I don't think that eliminates all of the regional concerns.

 

I have a very small position.

 

I also have this. I ran a Latam fund for a decade so have some comfort with the region, ant they explained the opportunity well in their 2023 investor day (might have been 2022 actually).

[Spekulatius]

On 11/15/2024 at 6:12 AM, StevieV said:

 

Leading LatAm alt manager trading at a good price (about 14x 2024 earnings measured in DE).  I think they'll grow decently on a per-share basis. Scale matters for alts and so I like their scale in the region.

 

I have had success with the US alts - APO/ARES/KKR/BX/OWL.  However, they have all run up a lot.  PAX remains apparently cheap.  In general, I like that PAX (and various alts) can grow while paying out a substantial percentage of their earnings.

 

I think the big uncertainty for both me and the market is the Latam component.  I expect that's why it hasn't run up with the US alts.  The company claims a majority of AUM in hard currencies, but I don't think that eliminates all of the regional concerns.

 

I have a very small position.

Thank you for sharing. Looks attractive to me after my very cursory review. I actually like LatAm here, the market is very depressed and valuations accordingly are low. I will look into this one more.

Edited 6 hours ago by Spekulatius

[dealraker]

3 hours ago, petec said:

 

I also have this. I ran a Latam fund for a decade so have some comfort with the region, ant they explained the opportunity well in their 2023 investor day (might have been 2022 actually).

I have bought PAX now 5 times, each successive buy at a lower price.  LOL, stopped buying on the uptick now and carrying a small loss.  

 

But my kind of situation.  Unrelated in business but related in stock price movement, I did the same with CWK recently and have a 50% gain in that stock after carrying a loss for a while.

 

To add...PAX is a complete unknown of course to those like me.  I spent quite the time reading their stuff and from that experience I simply considered it a decent probability.  Small investment, but my experience with these type outlays is to be honest sort of crazy good.  Buy and take a chill pill.

 

The balance sheet...?   Have fun with that one.

Edited 5 hours ago by dealraker

[Junior R]

@StevieV @dealraker @Spekulatius does look good here do we think $1.50 EPS for 2025 is reasonable?  That is the estimate which is about 40% growth for 2025

[John Hjorth]

Small starter position in JOE [finally].

[Cod Liver Oil]

Cautiously buying some Nike <75. Hopefully Trump will not cut off his nose as he shakes down Xi with tariffs. Might suffer from premature accumulation here but I’m pretty sure it’s worth more than 2 times sales.

Edited 1 hour ago by Cod Liver Oil

[ourkid8]

53 minutes ago, John Hjorth said:

Small starter position in JOE [finally].

 

Welcome to the party!

[John Hjorth]

13 minutes ago, ourkid8 said:

Welcome to the party!

 

Thank you, @ourkid8 !

 

- - - o 0 o - - -

 

[Just mentioned your response to the Lady of the House, her reaction : 'My god, you're all soo dumb!' ]

Edited 3 hours ago by John Hjorth

[UK]

18 minutes ago, John Hjorth said:

her reaction : 'My god, you're all soo dumb!' ]

[John Hjorth]

58 minutes ago, UK said:

 

@UK,

 

Everything is about attitude! - Especially by now for us European CoBF members, who - finally and suddenly - find our selves in deep sh*t, after cashing in 'the peace dividend' for now two decades+!

[Junior R]

just listened to PAX quarterly call and I am ready to buy this stock lol will be any day now...If they can hit the estimates this should be easy 50% to 100% gain 

Edited 1 hour ago by Junior R

[valueseek]

I have followed PAX (and VINP) intermittently from the time they have been public. Results have been choppy in the last couple of years as FRE and DE has had several misses to cons. in the past. Plus the poor Latam sentiment has not helped. They are not as seasoned on expenses, managing earnings as the US peers but the valuation is so discounted vs. the US peers that slight positive execution and sentiment shift should work.