What are you buying today?

[sampr01]

2 hours ago, Gregmal said:

More Vitrolife 

Why do you like it Greg?.

[Gregmal]

2 minutes ago, tnathan said:

Funny - I just started a position in Cooper today

Yup own that too. Love both as long term tailwind surfers. 

[Gregmal]

Just now, sampr01 said:

Why do you like it Greg?.

Same reasons I loved Hamilton Thorne. Valuation has come back down to Earth from the post covid rip. Been waiting for it around $150-160 SEK...it's good here IMO. Same goes for COO, but I like Vitrolife way more as the smaller cap pure play. 

[sampr01]

8 minutes ago, Gregmal said:

Same reasons I loved Hamilton Thorne. Valuation has come back down to Earth from the post covid rip. Been waiting for it around $150-160 SEK...it's good here IMO. Same goes for COO, but I like Vitrolife way more as the smaller cap pure play. 

Thanks. Are you buying in IB?

[Gregmal]

12 minutes ago, sampr01 said:

Thanks. Are you buying in IB?

Yup

[Marco Van Basten]

4 hours ago, Gregmal said:

More Vitrolife 

Why?  They laid out a plan for 10% organic annual revenue growth at their 2023 capital markets day.  Did 4% in 2023 and 4% in 2024 and Q1 2025.  What will change/accelerate growth?  Do you know why the CFO left abruptly?  Thank you.

[John Hjorth]

Added a bit to MC.PA [LVMH - Moët Hennesy Louis Vuitton SE] today, at EUR ~485.

 

- - - o 0 o - - -

 

Edit :

 

Also got filled today on the first few shares ever in CDI.PA [Christian Dior SE] at EUR ~453 as a starter position.

Edited May 22, 2025 by John Hjorth

[Gregmal]

10 hours ago, Marco Van Basten said:

Why?  They laid out a plan for 10% organic annual revenue growth at their 2023 capital markets day.  Did 4% in 2023 and 4% in 2024 and Q1 2025.  What will change/accelerate growth?  Do you know why the CFO left abruptly?  Thank you.

They had a bunch of issues with the genetics acquisition they made and in general there was still a lot of the supply chain/covid carryover mishmash showing up with these companies in 2023. Currency headwinds as well IIRC. No idea on the specifics of the CFO but haven't heard anything indicating something to be concerned about. In a steady state environment I think normalization is low double digit organic growth. Tariffs could be a headwind, but that's also been factored into the valuation. Also a takeout candidate. 

[sleepydragon]

Fmcc, fnmas, fmckj

[valueventures]

Swapped GRUSF for GLASF

[Saluki]

Small nibbles to JOE, SFL, and Virtra.  

[John Hjorth]

Bottom-fished a bit more JOE during the day at a bit above USD 43.

 

- - - o 0 o - - -

 

Also got filled today on the first few shares ever in BAIN.PA

 

[Bain de Mer Monaco,

on the company website called Monte Carlo Societé des Bains de Mer,

full formal company name : 

In French : ''Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco',

translates to English by : 'Anonymous Society of Sea Baths and the Circle of Foreigners in Monaco',

-no secret why no one wants to own it [ ]]

 

at EUR ~102 as a starter position.

[Marco Van Basten]

1 hour ago, John Hjorth said:

Bottom-fished a bit more JOE during the day at a bit above USD 43.

 

- - - o 0 o - - -

 

Also got filled today on the first few shares ever in BAIN.PA

 

[Bain de Mer Monaco,

on the company website called Monte Carlo Societé des Bains de Mer,

full formal company name : 

In French : ''Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco',

translates to English by : 'Anonymous Society of Sea Baths and the Circle of Foreigners in Monaco',

-no secret why no one wants to own it [ ]]

 

at EUR ~102 as a starter position.

Why do you like Bain FP?  I saw many sum of the parts pitches on the name, but never pulled the trigger.  Thank you.

Edited May 22, 2025 by Marco Van Basten

[John Hjorth]

29 minutes ago, Marco Van Basten said:

Why do you like Bain FP?  I saw many sum of the parts pitches on the name, but never pulled the trigger.  Thank you.

 

Marco [ @Marco Van Basten ],

 

A basket of trophy assets, that I think likely never really will go out of favor, to own for the long term. [When I'm personally motivated for it, I may perhaps and eventually open and start a separate topic about it in the Investment Ideas forum].

 

- - - o 0 o - - -

 

Thank you for asking. 

Edited May 22, 2025 by John Hjorth

[longlake95]

A little JOE

[Spekulatius]

19 hours ago, Marco Van Basten said:

Why?  They laid out a plan for 10% organic annual revenue growth at their 2023 capital markets day.  Did 4% in 2023 and 4% in 2024 and Q1 2025.  What will change/accelerate growth?  Do you know why the CFO left abruptly?  Thank you.

So @Marco Van Basten is @Dinar Alt account? What happens to Dinar’s account?

[Gregmal]

3 minutes ago, Spekulatius said:

So @Marco Van Basten is @Dinar Alt account? What happens to Dinar’s account?

LOL probably got banned for being on the wrong side of the aisle again. 

[John Hjorth]

11 minutes ago, Spekulatius said:

So @Marco Van Basten is @Dinar Alt account? What happens to Dinar’s account?

 

Huh? - Isen't Dinar a live and kicking account? [but it seems @-ing him suddenly doesen't work?]  - He visited CofB&F as late as Wednesday. 

Edited May 22, 2025 by John Hjorth

[John Hjorth]

Marco [ @Marco Van Basten ],

 

Do you see, 'Wednesday' in my post above yours? It's a clickable link! -Please just click on it!

[Marco Van Basten]

11 minutes ago, John Hjorth said:

Marco [ @Marco Van Basten ],

 

Do you see, 'Wednesday' in my post above yours? It's a clickable link! -Please just click on it!

Thank you, track record is too short to evaluate the stock picking ability...

[This2ShallPass]

Ok, I swore off on not doing any bear market hedging. But, old habits die hard and I caved in

 

I read Kuppy's Q1 letter which scared me enough and couple of days back Jamie Dimon talking about the credit issue. So decided to protect myself aka light some money on fire on those premiums. ~70% of my pf is hedged against a >10% drawdown. I bought SPY and QQQ puts. For Fairfax which is 30% of my pf, I decided to buy Markel puts to cover 2/3rd of my FF position.

[Sweet]

6 minutes ago, This2ShallPass said:

Ok, I swore off on not doing any bear market hedging. But, old habits die hard and I caved in

 

I read Kuppy's Q1 letter which scared me enough and couple of days back Jamie Dimon talking about the credit issue. So decided to protect myself aka light some money on fire on those premiums. ~70% of my pf is hedged against a >10% drawdown. I bought SPY and QQQ puts. For Fairfax which is 30% of my pf, I decided to buy Markel puts to cover 2/3rd of my FF position.

How far out are the puts?

[This2ShallPass]

5 minutes ago, Sweet said:

How far out are the puts?

August. I'm hoping these things playout by then one way or another..

[John Hjorth]

23 hours ago, John Hjorth said:

Added a bit to MC.PA [LVMH - Moët Hennesy Louis Vuitton SE] today, at EUR ~485.

 

- - - o 0 o - - - ...

 

Added a bit more today in the morning hours to MC.PA at EUR ~483. Should likely have been more stingy with the orders.

[Milu]

8 minutes ago, John Hjorth said:

 

Added a bit more today in the morning hours to MC.PA at EUR ~483. Should likely have been more stingy with the orders.

Nice one John, might start to add a bit more myself later today. It’s still only a 4% position for me so might try get that up to 5 or 6%