What are you buying today?

[tnathan]

More LQDA and FI

[Malmqky]

Snagged some more constellation software yesterday. I like Mark Miller and think the over the past few years we’ve seen ML be so hands off and the decentralized structure work so well, there’s no reason to think anything has changed. Still have tens of thousands of acquisition targets. I think it’s more likely CSU compounds fcf in the high double digits for a decade+ than not.

Edited September 27, 2025 by Malmqky

[shhughes1116]

Over the last few months, been putting together a basket of junior developers and producers associated with tungsten, copper, and nickel.  These include EQR Resources, Magna Mining, Emerita Resources, and Canadian Copper.  These go along with an existing position in Guardian Metals.  I think we are in the early innings of resource nationalism and an emphasis on domestic production of critical metals.  
 

 

[dipod]

Another slug of NVO common.

[Saluki]

Added a little PYPL on the dip, and bought back a few shares back of POWW, since it gave up yesterday's 9% gain and is back to where it was before the open. Just a tracker position now, but wouldn't mind adding on the dips since the story is getting better (lawsuits gone, back in compliance with Nasdaq listing, traded some warrants to founder in exchange for cancelling debt, but the counter argument is that gun industry is in the doldrums). 

 

Picked up a few JOE shares in my retirement account with some spare change, but nothing much. If I sold something big in retirement account, I wouldn't mind buying a big slug and selling some higher basis shares in my taxable account. Problem is that I don't want to sell anything in particular. 

[Pellom]

Decided to dip a toe in with GHC (0.5% of portfolio). Could build over time as I expect the price to drop when earnings are released -- non-election cycle so earnings should look really bad superficially for the next couple of quarters. 

[formthirteen]

Switching HIFS to JKHY. FDS.

Edited October 1, 2025 by formthirteen

[Cod Liver Oil]

Have been adding to Amrize.  I'm thinking data centers, onshoring, roll-ups, deferred infra maintenance and spin off mechanics will turn the stones into cojones.

[dealraker]

2 hours ago, Cod Liver Oil said:

Have been adding to Amrize.  I'm thinking data centers, onshoring, roll-ups, deferred infra maintenance and spin off mechanics will turn the stones into cojones.

I added to Amrize a couple days ago.

[Mephistopheles]

8 minutes ago, dealraker said:

I added to Amrize a couple days ago.

+1

 

Loving the insider buys // and you can't ship cement from overseas. And NIMBYism preventing more plants.

[Marco Van Basten]

1 hour ago, Mephistopheles said:

+1

 

Loving the insider buys // and you can't ship cement from overseas. And NIMBYism preventing more plants.

You are actually can and US has been importing cement for a while.  That's why a cement plant in the middle of the country is worth more than on the coast, since it is very expensive to truck cement but reasonably cheap to transport over water.  

[Mephistopheles]

44 minutes ago, Marco Van Basten said:

You are actually can and US has been importing cement for a while.  That's why a cement plant in the middle of the country is worth more than on the coast, since it is very expensive to truck cement but reasonably cheap to transport over water.  

 

I didn't know that! I always thought the shipping costs were too high for something so cheap. I thought it was only from Mexico (cemex)

Edited October 1, 2025 by Mephistopheles

[Spekulatius]

1 hour ago, Mephistopheles said:

 

I didn't know that! I always thought the shipping costs were too high for something so cheap. I thought it was only from Mexico (cemex)

Japan export cement to the west coast for example. It is not a huge amount but enough to keep the prices somewhat in check.

Edited October 1, 2025 by Spekulatius

[Marco Van Basten]

1 hour ago, Mephistopheles said:

 

I didn't know that! I always thought the shipping costs were too high for something so cheap. I thought it was only from Mexico (cemex)

Hell, even aggregates are shipped by water (VMC had a fight over quarry in Yucatan) and I think VMC ships from Caribbean. 

[CorpRaider]

Bought a bunch of pharma and biopharma names kind of a portfolio/industry bet.

Edited October 2, 2025 by CorpRaider

[Hsmpanl]

More JOE, anything below $50 is a gift imo

[Saluki]

Added some JOE. 

[hardcorevalue]

I feel like the only person concerned about US real estate in this forum! What's the best write up on $JOE? or poster here?

[Junior R]

29 minutes ago, hardcorevalue said:

I feel like the only person concerned about US real estate in this forum! What's the best write up on $JOE? or poster here?

I am more concerned about Canadian real estate over US lol....US rate cuts will simulate economy 

[73 Reds]

31 minutes ago, hardcorevalue said:

I feel like the only person concerned about US real estate in this forum! What's the best write up on $JOE? or poster here?

What are your concerns?

[hardcorevalue]

Affordability being stretched on new buyers but yes US real estate is far cheaper than Canadian haha. 

[Hsmpanl]

21 minutes ago, hardcorevalue said:

Affordability being stretched on new buyers but yes US real estate is far cheaper than Canadian haha. 

Yeah, it's a risk, but everything JOE does is through homebuilders, and new builds in this area continue to sell. Backlog has shrank some, but homebuilders continue to honor their takedown schedules of new lots. JOE has $1.5-2B worth of hotels, clubs, and commercial properties that have solid occupancy, and they can very easily weather any temporary downturn in home sales. They have projects that cover a wide range of price points, from $300k to $6MM, with most in the $300k-$1MM price range. Walton and Bay continue to grow, and people love this area of Florida. Pretty good write up from a few years ago on VIC, or just message @Gregmal, he's the real expert on this area.

[Castanza]

Last slug of BRO now at a full position for me. 

[coffeecaninvestor]

NGG

[Marco Van Basten]

1 hour ago, coffeecaninvestor said:

NGG

Why?  WIth all due respect, I don't get the attraction.  Thank you.