What are you buying today?

[Eldad]

56 minutes ago, dpetrescu said:

I typically don’t do much. But over the last 2 or so months I bought some more shares of my favorite company Simpson Strongtie. Today, price isn’t too high or too low, just about right. The market might keep playing games with share price as we search for the right long term interest rate. I think investing in SSD might be my hobby.

 

I also did a little gambling that paid off. Reading the last Scion 13F got me a little intrigues and followed Dr. Burry into EL using LEAPs. Already more than doubled - but  of course the lesson is - unless you really go all in on a position it won’t have an impact. 
 

Was also thinking about copying with POOL but then what am I doing? I would just be straying from the righteous path. Back to doing nothing.

Good to know what you like and stick with it. I like your style. 
 

I keep looking at POOL too but I don’t really understand it and it needs to be below $250 I feel like. Ted & Todd keep buying it and F Chou. I think it’s headquartered in Louisiana and I think Chou’s insurance company gets a tax break if it owns LA securities so I’m not sure there. That may just be bonds, who knows. 
 

But then like you, I’m like why flirt with swimming pool distribution (hamburger) when I have WSO (steak) at home. AC > swimming pools in all future worlds I can imagine. 
 

Maybe we will get a big housing crash here soon and we can buy these and ride off into the sunset. 

[investmd]

On 6/30/2025 at 1:13 PM, This2ShallPass said:

What are your thoughts on HIMS vs. TDOC..both as an investor and doctor?

@This2ShallPass: looked briefly at HIMS early this year. As I recall HIMS is a D2C business selling medications for hair loss, GLP drugs for weight loss, erectile dysfunction, birth control and some group therapy for mental health. 

 

As an investor: was concerned about a)lack of moat b)changes coming to rules around compounding of GLPs and c) how many individuals would want to pay out of pocket for doctor's visit when they may have insurance that pays for their own regular doc

 

As a doctor: didn't find HIMS to be an interesting, impactful business affecting quantity or quality of life significantly. Had some concerns around folks bypassing the medical system to get GLP drugs. 

 

The good news for investors is that the stock is up >80% YTD. I don't have confidence that this a durable long term business. 

 

Your thoughts @This2ShallPass?

[kh812000]

CCOI and CLS

[gfp]

Just when you think work is over for the weekend you get an order fill in Canada and realize they are still trading up there!  Y'all still got the exchange open!

[This2ShallPass]

On 7/2/2025 at 10:25 PM, investmd said:

@This2ShallPass: looked briefly at HIMS early this year. As I recall HIMS is a D2C business selling medications for hair loss, GLP drugs for weight loss, erectile dysfunction, birth control and some group therapy for mental health. 

 

As an investor: was concerned about a)lack of moat b)changes coming to rules around compounding of GLPs and c) how many individuals would want to pay out of pocket for doctor's visit when they may have insurance that pays for their own regular doc

 

As a doctor: didn't find HIMS to be an interesting, impactful business affecting quantity or quality of life significantly. Had some concerns around folks bypassing the medical system to get GLP drugs. 

 

The good news for investors is that the stock is up >80% YTD. I don't have confidence that this a durable long term business. 

 

Your thoughts @This2ShallPass?

@investmd Hims was part of growth basket of stocks I have (~7.5% of my pf). I look at these stocks as potential to 10x so don't need huge allocation as downside risk is high as well. 

 

Hims, my original thesis, was it can change healthcare delivery for "non-criticial" areas and if successful they would be an easy 10x. They bypassed insurance which was disruptive in the US and the logic was sound - most people don’t meet their deductible, so they’re used to paying out of pocket anyway.

 

GLP1 news cycle turbocharged their volatility which I didn't mind. But this latest fallout w Novo was not good. It's clear Hims is trying to use a loophole to bypass drug IP and though compounding has been around, these guys are doing it at scale. I expect the pharma industry to fight hard as subverting patent protection will essentially make that industry unviable. I also agree with Novo's claims that Hims was not acting in good faith.

 

I signed up to their service to check them out. I got a feeling they were more about profits than delivering quality healthcare. I can basically get a prescription that I want! They have been careful in choosing areas like hair growth, ED etc. where this might not be a big issue.

 

Considering everything, I sold HIMS (at a decent profit).

 

[investmd]

6 hours ago, This2ShallPass said:

@investmd Hims was part of growth basket of stocks I have (~7.5% of my pf). I look at these stocks as potential to 10x so don't need huge allocation as downside risk is high as well. 

 

Hims, my original thesis, was it can change healthcare delivery for "non-criticial" areas and if successful they would be an easy 10x. They bypassed insurance which was disruptive in the US and the logic was sound - most people don’t meet their deductible, so they’re used to paying out of pocket anyway.

 

GLP1 news cycle turbocharged their volatility which I didn't mind. But this latest fallout w Novo was not good. It's clear Hims is trying to use a loophole to bypass drug IP and though compounding has been around, these guys are doing it at scale. I expect the pharma industry to fight hard as subverting patent protection will essentially make that industry unviable. I also agree with Novo's claims that Hims was not acting in good faith.

 

I signed up to their service to check them out. I got a feeling they were more about profits than delivering quality healthcare. I can basically get a prescription that I want! They have been careful in choosing areas like hair growth, ED etc. where this might not be a big issue.

 

Considering everything, I sold HIMS (at a decent profit).

 

@This2ShallPass: Smart analysis with meaningful outcome. Well done. 

 

I see multibagger 10x+ venture like opportunities in public markets in healthcare stocks like : BNTX, MRNA, CRISP

1. Circle of Competence: all have solid science with huge human impact.
2. Moat: is provided by a)IP and b)large amount of R&D spend makes it challenging for any small competitor to do anything meaningful
3. Good Management: While I have limited info on mgmt, my impression is that management is solid for all 3

Companies are trading at essentially net-nets given cash on the balance sheet.

[Saluki]

1 hour ago, investmd said:

@This2ShallPass: Smart analysis with meaningful outcome. Well done. 

 

I see multibagger 10x+ venture like opportunities in public markets in healthcare stocks like : BNTX, MRNA, CRISP

1. Circle of Competence: all have solid science with huge human impact.
2. Moat: is provided by a)IP and b)large amount of R&D spend makes it challenging for any small competitor to do anything meaningful
3. Good Management: While I have limited info on mgmt, my impression is that management is solid for all 3

Companies are trading at essentially net-nets given cash on the balance sheet.

I saw HIMS as like Teladoc, but smaller. The price was always too high. I had very small positions in LFMD and TalkMD (I started posts for them on COBF) while I studied up on them. Much smaller and cheaper. I sold them for a small profit and moved on.  Part of it is that I am more risk averse now that I left my job and the other part is that is that with the potential crackdown on GLP1 compounds, it will take a lot of the wind out of the sales for HIMS. LFMD is psych stuff, so it's unaffected, but has military contracts, which makes it a question mark going forward. 

 

FWIW, getting to see a Dr right away and paying a couple of hundred dollars for it is probably worth it even for people who do have health insurance. I had to wait months to get a sleep study done. I can imagine for weight loss, ED or hair loss, its embarrassing and having to go to your regular doctor first, then wait for a referral with a specialist and dealing with insurance companies is unpleasant, so if you can log in and see someone virtually (or just answer a questionaire, if that's how it works) and get your prescription in a few hours, it seems like they solved a problem that people are more than willing to pay for. 

 

 

[This2ShallPass]

5 hours ago, investmd said:

@This2ShallPass: Smart analysis with meaningful outcome. Well done. 

 

I see multibagger 10x+ venture like opportunities in public markets in healthcare stocks like : BNTX, MRNA, CRISP

1. Circle of Competence: all have solid science with huge human impact.
2. Moat: is provided by a)IP and b)large amount of R&D spend makes it challenging for any small competitor to do anything meaningful
3. Good Management: While I have limited info on mgmt, my impression is that management is solid for all 3

Companies are trading at essentially net-nets given cash on the balance sheet.

Thanks for the recs. CRISP was one I’d glanced at before but it felt outside my circle of competence. One of the guys who worked for me did his PhD on cancer research and had good things to say about Crispr—that’s about the extent of what I knew. Will take another look now.

 

[This2ShallPass]

3 hours ago, Saluki said:

FWIW, getting to see a Dr right away and paying a couple of hundred dollars for it is probably worth it even for people who do have health insurance. I had to wait months to get a sleep study done. I can imagine for weight loss, ED or hair loss, its embarrassing and having to go to your regular doctor first, then wait for a referral with a specialist and dealing with insurance companies is unpleasant, so if you can log in and see someone virtually (or just answer a questionaire, if that's how it works) and get your prescription in a few hours, it seems like they solved a problem that people are more than willing to pay for. 

Yes, this is the part HIMS got right. Their CEO was asked in the last call if he'll work with insurance and he said never. By not using insurance, they've taken a ton of complexity out of the business and have a leg up on the competition. If you ask guys to pay a few hundred dollars or talk to another human about something like ED, 90% are paying the money 

[Hektor]

On 7/1/2025 at 11:15 AM, Spekulatius said:

I guess that will be evident at the next quarterly result and conference call.

Their CEO has been making media rounds. He seems to be bullish of late, different from being defensive during the doge blood letting.

[sleepydragon]

Bought some BTBT 

[Hektor]

On 7/1/2025 at 11:15 AM, Spekulatius said:

I guess that will be evident at the next quarterly result and conference call.

This need not mean that the federal government contractors are out of the woods.

 

https://www.washingtonpost.com/politics/2025/07/07/veterans-affairs-layoffs-doge-cuts/

 

Veterans Affairs reverses course on large-scale layoffs

 

The Department of Veterans Affairs said Monday that it will no longer be forced to conduct a large reduction in workforce, unlike several other federal agencies that were forced to make mass layoffs because of the Trump administration’s U.S. DOGE Service.

[hardcorevalue]

UNH what can I say I'm a sucker for believing in corrupt government and insider buys

[sleepydragon]

bought a bit SBET

[sleepydragon]

Bought LQDA

[DooDiligence]

On 7/7/2025 at 4:02 PM, Hektor said:

This need not mean that the federal government contractors are out of the woods.

 

https://www.washingtonpost.com/politics/2025/07/07/veterans-affairs-layoffs-doge-cuts/

 

Veterans Affairs reverses course on large-scale layoffs

 

The Department of Veterans Affairs said Monday that it will no longer be forced to conduct a large reduction in workforce, unlike several other federal agencies that were forced to make mass layoffs because of the Trump administration’s U.S. DOGE Service.

 

Who knew an administration with a history of slandering veterans would give them lip service and then reduce access to medical services. Here's a microcosm where the local Sinclair TV station tries their best to remain loyal to both sides.

 

https://weartv.com/news/local/pensacola-vas-staffing-levels-so-low-some-workers-denied-deferred-resignation

[Hektor]

33 minutes ago, DooDiligence said:

 

Who knew an administration with a history of slandering veterans would give them lip service and then reduce access to medical services. Here's a microcosm where the local Sinclair TV station tries their best to remain loyal to both sides.

 

https://weartv.com/news/local/pensacola-vas-staffing-levels-so-low-some-workers-denied-deferred-resignation

Is this the after effect of move fast and break things? Can they put Humpty together again

[formthirteen]

5 hours ago, sleepydragon said:

bought a bit SBET

 

BTBT now SBET. Betting on ETH to the moon?

[sleepydragon]

Just now, formthirteen said:

 

BTBT now SBET. Betting on ETH to the moon?

Yeah. Wife orders me to “only buy stocks that will double tomorrow “  thus I created a “wife basket” and have been buying bubble stocks. i will be the smart one in the house again when “wife basket” lose money (except it has been doing very well lately..)

 

i bought a small amount. I think with the successful ipo of circles, there will be more stablecoins, and stablecoins is linked with ethereum ecosystem. During the last week, there’s like 3-5 companies converting into Ether treasury company, buying up all the supplies of ether. I wonder if they are talking to each other and doing this at the same time to pop up ether. At the same time, bitcoin is losing a bit momentum during the last few months.. for bubble asset, momentum is the fuel. And the real threat to bitcoins might be people migrate to ethereum. 

[formthirteen]

1 hour ago, sleepydragon said:

Yeah. Wife orders me to “only buy stocks that will double tomorrow “  thus I created a “wife basket” and have been buying bubble stocks. i will be the smart one in the house again when “wife basket” lose money (except it has been doing very well lately..)

 

i bought a small amount. I think with the successful ipo of circles, there will be more stablecoins, and stablecoins is linked with ethereum ecosystem. During the last week, there’s like 3-5 companies converting into Ether treasury company, buying up all the supplies of ether. I wonder if they are talking to each other and doing this at the same time to pop up ether. At the same time, bitcoin is losing a bit momentum during the last few months.. for bubble asset, momentum is the fuel. And the real threat to bitcoins might be people migrate to ethereum. 

 

ETH seems to have very good momentum at the moment. I wish I could trade these things and see the exit before the crash. I don't know, ETH might go higher for good over the years. Your wife seems to be a good trader. You two should start a hedge fund.

[sleepydragon]

54 minutes ago, formthirteen said:

 

ETH seems to have very good momentum at the moment. I wish I could trade these things and see the exit before the crash. I don't know, ETH might go higher for good over the years. Your wife seems to be a good trader. You two should start a hedge fund.

My wife just listens to Bloomberg radio on her way sending kids to school, and come back ask me to buy the next hot stock . Lol

 

Eth has a few things going on. Besides stablecoins and new treasury companies forming, ETH etfs is also coming shortly. so doesnt hurt to put some pizza money in it.

 

(correction: Eth ETFs are already trading. Shows you how little I know about these things)

Edited July 9, 2025 by sleepydragon

[hardcorevalue]

Glad it's working but actually committing capital a "wife portfolio" makes me think we are closer to a top in markets than a bottom. 

[Dalal.Holdings]

33 minutes ago, hardcorevalue said:

Glad it's working but actually committing capital a "wife portfolio" makes me think we are closer to a top in markets than a bottom. 

 

[ourkid8]

More baba

[Lance]

GIS

 

Thanks

Lance