What are you buying today?

[thowed]

2 hours ago, Lance said:

very small add to LB (which probably goes lower after the lock-up expiration on 12/25).

 

 

Yes, agree, but also couldn't help myself.

[Viking]

I have re-established small positions in:

- Canfor (CFP.TO)

- Saputo (SAP.TO)

 

Is this the worst bear market for lumber ever? Worse situation than covid? Stocks are cheaper today than they were in Covid. Higher interest rates? Gasoline on this dumpster fire. Probably early. But lumber is getting interesting again.

 

Saputo is hitting 52 week lows. It is trading where it was trading back in 2013. Canada is their cash cow and Trump will be coming after Canada's heavily protected dairy market, likely soon (perhaps that is why it has been selling off recently). So this one could go lower. But the turnaround they have been trying to execute for the past three years (yes, it has taken that long) looks like it is coming to a close (yes, we have heard this before). Deleveraging is complete (balance sheet has been fixed). We could see a rebound in profitability of US market in the coming year (as they shift production from old plants - which will be closed - to new plants). At C$25.40/share, the risk/reward now looks skewed to the upside. If the new management team is any good (Lino Jr recently stepped down from CEO role), this could be a strong performer in the coming years.     

Edited December 18, 2024 by Viking

[John Hjorth]

15 minutes ago, MadeItSquare said:

Italmobiliare maybe?

 

(Long-time lurker, first-time poster. Hi all!)

 

Welcome to CofB&F, @MadeItSquare !  -Please don't be a stranger!

[Saluki]

Bought a little EPD and CPNG.  

[Pelagic]

Added to BLDR

[Paarslaars]

More MSTR calls.

[Kizion]

7 minutes ago, Paarslaars said:

More MSTR calls.

didn’t you buy your last ones last week? You promised us! 

[Spekulatius]

5 hours ago, MadeItSquare said:

Italmobiliare maybe?

 

(Long-time lurker, first-time poster. Hi all!)

Yes, that’s it. One of my favorite Blogs ValueAndOpportunity posted about it and bought it a while ago. I did not buy at that time but checked the results and like what I saw.

 

Welcome to CoBF !

Edited December 19, 2024 by Spekulatius

[Paarslaars]

Yeah I know, couldn't help myself...  I'm so bad at sitting on cash, especially when I see irrational drops (-12%) on that silly FED announcement.

 

[Castanza]

JOE

[73 Reds]

40 minutes ago, Paarslaars said:

Yeah I know, couldn't help myself...  I'm so bad at sitting on cash, especially when I see irrational drops (-12%) on that silly FED announcement.

 

You mean money is not going back to be free, LOL?  Who'd have guessed?

[Gregmal]

Took the yuge news about quarter point rates cuts and dot plots as an opportunity to pick up some bourbon. 
 

‘Tis the season

 

 

[WayWardCloud]

Got some more AirBnB

 

Also finally decided to pay for a yearly subscription to tikr.com terminal, they're having a 20% off winter discount and they're my go to for quickly checking numbers on new ideas.

Edited December 18, 2024 by WayWardCloud

[gfp]

2 hours ago, Gregmal said:

Took the yuge news about quarter point rates cuts and dot plots as an opportunity to pick up some bourbon. 
 

‘Tis the season

 

 

Nice.  All from the Sazerac Company if I remember correctly.

[Gregmal]

1 hour ago, gfp said:

Nice.  All from the Sazerac Company if I remember correctly.

Yea Sazerac/BTs late November releases. 

[gfp]

19 minutes ago, Gregmal said:

Yea Sazerac/BTs late November releases. 

Sazerac’s owner Goldring is probably New Orleans’ wealthiest resident.  Maybe second after Gayle Benson who owns the NFL and NBA franchises among other valuable businesses. Wealthiest in the state is probably the Raisin Cane’s guy in Baton

Rouge depending on what Canes would actually sell for. Sazerac is pretty impressive for a private family owned company. A lot of it is run from Kentucky these days 

Edited December 19, 2024 by gfp

[villainx]

Your bourbon pic made me think of Costco, which made me check if there were Costco near Joe territory, which made me wonder how soon might there be Costco one.

[Gregmal]

13 minutes ago, villainx said:

Your bourbon pic made me think of Costco, which made me check if there were Costco near Joe territory, which made me wonder how soon might there be Costco one.

I asked awhile ago. They insist on being near a major distribution route, which out there would be I10. 
 

I did however get a nod and a smirk when asking about the Costco of gas stations, which is Buc-ees. Think that would fit in nicely on 79 somewhere. 

[yesman182]

8 hours ago, Viking said:

have re-established small positions in:

- Canfor (CFP.TO)

If they are in such a bad spot, why is lumber still so expensive. Pre coved 4x8 sheet of osb  7/16th thick was sub $10 now it’s $16USD+. 2x4 was 2 usd, now they are 3.50.  Having those prices up +60% in 5 years doesn’t help builders sell more houses. 

[Red Lion]

I just added to CPT and JOE, and started a new position in MAA. All inside my tax deferred account. 

[Kizion]

Not sure it’s smart but sold Apple shares (short) and bought JOE and MSGE for the same amount. Exchange of overvalued stock for undervalued

[Lance]

SWBI

 

Thanks

Lance

[Junior R]

added pax

[Saluki]

1 hour ago, Lance said:

SWBI

 

Thanks

Lance

 

I picked up a few more 2027 $10 LEAPs.  The previous ones were $12.90 breakeven these are $12.50 breakeven.  

 

They are making money and doing buybacks, the capex for the HQ is over, so it seems like a decent bet.  

[Red Lion]

Upgraded my tracking position in CP to a starter position. Thank you @Dinar for bringing this back to my radar. I've been working on the valuation for the last 6 weeks or so, and am comfortable enough here to increase my exposure especially since I've been taking profits on some other positions lately and don't want to be all cash.