What are you buying today?

[Spekulatius]

Not sure what the issue is here. I stated I bought ITM and don’t care about other owners as long as they don’t seem to interfere with the operation of this Holdco. Seems like the other owners like cash distributions and ITM seems to run a nice portfolio of companies. They also have shown that they sell at the right price, so it’s a bit like a private equity fund. They are very transparent about the operating performance about their Holdings too, way more so than most private equity companies I have seen. Why would I care too much who else owns this? I down expect a buyout here.

 

https://www.italmobiliare.it/en/investments/portfolio-companies

 

As far as being a dog, they paid a regular dividend of 80c and a special dividend of 2.2€ in May. The latter was from a sale of a holding above marks. Not too bad for a now 26€ stock, if you ask me,

 

Edited December 28, 2024 by Spekulatius

[John Hjorth]

Thank you, @Spekulatius,

 

The investment case here with Italiamobiliare is actually interesting, so thank you for bringing it to the board. The point here is @Cod Liver Oil actually - at least to me, personally, has a point, about corporate governance cf. shareholder structure.

 

Not much fun about eventually being dragged through the mud by a dominating and selfserving shareholder. Material change hapened recently, and that's also why this investment qualifies for its separate topic here on CofB&F.

 

- - - o 0 o - - -

 

Your last post here above would actually serve as a great starting post in a separate topic in the investment Ideas forum! Or, do you want me to start it? -So far I haven't, because the idea here on CofB&F is yours!

 

I want to discuss! [, but not here in this topic ...]. 

Edited December 28, 2024 by John Hjorth

[Dinar]

30 minutes ago, Spekulatius said:

Not sure what the issue is here. I stated I bought ITM and don’t care about other owners as long as they don’t seem to interfere with the operation of this Holdco. Seems like the other owners like cash distributions and ITM seems to run a nice portfolio of companies. They also have shown that they sell at the right price, so it’s a bit like a private equity fund. They are very transparent about the operating performance about their Holdings too, way more so than most private equity companies I have seen. Why would I care too much who else owns this? I down expect a buyout here.

 

https://www.italmobiliare.it/en/investments/portfolio-companies

 

As far as being a dog, they paid a regular dividend of 80c and a special dividend of 2.2€ in May. The latter was from a sale of a holding above marks. Not too bad for a now 26€ stock, if you ask me,

 

Is it a PFIC?

[Spekulatius]

29 minutes ago, Dinar said:

Is it a PFIC?

I am not sure, I hold it in an IRA. I think not, since they do run their business, it’s not passive.

[formthirteen]

On 12/23/2024 at 3:02 PM, Blake Hampton said:

From the 17th through the 19th, Buffett bought almost 9 million shares of OXY stock. Since the 10-day average volume is about 14.5 million shares, that means Buffett bought approximately 20% of all the shares traded in just those three days. I find it interesting because I can recall him explaining how he bought 20% of the volume the first go-round.

 

Is this a limit for him?

Does he start experiencing problems when he tries moving above this figure?

 

 

Do you mean 20% per day or 50% total? BRK has government approval to buy up to 50% of OXY.

 

Stock ownership:

August, 2022: 20%

December, 2023: 27.8%

December, 2024: 28.15%

 

2023 letter:

Quote

This year, I would like to describe two other investments that we expect to maintain indefinitely

I will be buying OXY in 2025.

Edited December 29, 2024 by formthirteen

[Blake Hampton]

10 hours ago, formthirteen said:

 

Do you mean 20% per day or 50% total? BRK has government approval to buy up to 50% of OXY.

 

Stock ownership:

August, 2022: 20%

December, 2023: 27.8%

December, 2024: 28.15%

 

2023 letter:

I will be buying OXY in 2025.

I mean 20% of OXY’s daily volume.

[Gregmal]

Starter in AN

[Castanza]

NVO, FRPH, SSD, RTO

[mananainvesting]

Added to  $MFC

[Paarslaars]

Some knibbles at PDD and MSTR calls.

[whatstheofficerproblem]

Bought some more LQDA, TMDX, MGNI, HIMS, IREN

Starter in PDD

[Sweet]

On 12/30/2024 at 10:41 AM, Gregmal said:

Starter in AN

I’ve stared at AN for a while now, never been able to pull the trigger on it.  Buy back history is unreal.  A real cannibal.

[Ross812]

I bought a single share of VRSN. I've read the annual report, what's here, and a few seeking alpha articles. I like the company,  but it's too expensive right now. 

[formthirteen]

6 hours ago, Ross812 said:

I bought a single share of VRSN. I've read the annual report, what's here, and a few seeking alpha articles. I like the company,  but it's too expensive right now. 

 

I have a medium-sized position in VRSN. They are probably not ”enlightened” enough to release any ”AI” products like GoDaddy, but I think it's better than cash:

Edited January 4, 2025 by formthirteen

[Ross812]

@formthirteen agreed. VRSN isn't going to set the world on fire, but i only need 8-9%. It has a high probability of outperforming cash with a low probability of impairment. Its a one foot hurdle.

[Luke]

I bought a lot of PDD lately and sold FFH chunks for it

[Red Lion]

Added some MAA today in my tax deferred account. 

[treasurehunt]

Added to my Prosus and Tencent positions. Only a nibble though.

[investmd]

On 2/21/2024 at 11:14 AM, KPO said:

TDOC

@KPO have you added/held to $TDOC position as price fell since the post? They hold the largest user base of any telehealth company and seem to be expanding across platforms to both outpatient and inpatient care. Telehealth generally doesn't have a moat. TDOC may be an exception in their worldwide foot print, relationships with insurers and governments. Stock is down 88% since Jan 2020- pre-Covid. Appears attractive? 

[KPO]

2 hours ago, investmd said:

@KPO have you added/held to $TDOC position as price fell since the post? They hold the largest user base of any telehealth company and seem to be expanding across platforms to both outpatient and inpatient care. Telehealth generally doesn't have a moat. TDOC may be an exception in their worldwide foot print, relationships with insurers and governments. Stock is down 88% since Jan 2020- pre-Covid. Appears attractive? 

I did. Doubled my position late this summer around $7.50. I hold it in a taxable account since it’s non-income producing, so I did a tax loss sale of some of the initial position, but I’ve been watching it closely of late.
 

Given the balance sheet and benefits of scale that have become increasingly evident in the financials the last year or so, I see this as a likely takeout candidate. I also liked that Walmart and a few others exited the telehealth business last year, so competitive intensity should be lower. Even if they aren’t taken out there’s a lot of optionality to the business in similar form to Netflix when they were mailing DVDs vs streaming. 

[Luke]

I completely exited every china holding just a few min ago. Big pile of cash ready to be deployed in something else. I surrender finally

 

What stocks should i buy?

[Paarslaars]

April fools coming a bit early this year?

 

How about some MSTR Luke

[WFF]

10 hours ago, Luke said:

I completely exited every china holding just a few min ago. Big pile of cash ready to be deployed in something else. I surrender finally

 

What stocks should i buy?

East West Bank has said that China and US tension is good for business.  Might be worth a look

[hardcorevalue]

12 hours ago, Luke said:

I completely exited every china holding just a few min ago. Big pile of cash ready to be deployed in something else. I surrender finally

 

What stocks should i buy?

 

Wait did you really? You were the ultimate bull on it, what changed or what did you view incorrectly?

[Malmqky]

12 hours ago, Luke said:

I completely exited every china holding just a few min ago. Big pile of cash ready to be deployed in something else. I surrender finally

 

What stocks should i buy?

 

I respect you for changing your mind. I agree there are some fundamental problems with investing in China - mainly the US (look what happened to citizens who owned Russian stocks). 

 

With that said, why did you exit completely? I would have thought you'd be inclined to take keep them as 0.5% positions or so. With sizing like that it's "easy" to hold for decades, and who knows what can happen in that time period..