What are you buying today?

[Castanza]

Running low on available cash until a few financial moves finalize but added a small bit to AJG, BRO, CPRT, FFH, and CSU this week. Probably going to sit tight for a month and see if we get another 5%+ down on some of these. 

 

Not sure if this is year end selling starting early or AI fears of the T-800 but either way I'll gladly add to compounders. 

[Libs]

Constellation, Lumine , Topicus.

[KPO]

Starter in COLD for my income portfolio 

[This2ShallPass]

Added to Fairfax.

[EgonKuhn]

Bought a small initial position in WKL.AS (Wolters Kluwer N.V.). Added to FI.

[formthirteen]

RMV.L

[Masterofnone]

More Fairfax. The truck is approaching the loading dock.

[hardcorevalue]

Fairfax/Constellation 

 

Although CSU reporting in 4 hours so this might look dumb. 

 

[Marco Van Basten]

11 minutes ago, hardcorevalue said:

Fairfax/Constellation 

 

Although CSU reporting in 4 hours so this might look dumb. 

 

Do they always report on a Friday afternoon?

[Longnose]

Added more Goog

[villainx]

1 hour ago, Marco Van Basten said:

Do they always report on a Friday afternoon?

 

I think so, I remember folks saying it's so on brand for them to report at max disinterest day/time.

 

[WayWardCloud]

Added to Constellation too, let's see!

[formthirteen]

CSU.TO a few days before earnings. Added a stop-loss. The trend is down, and I’m not convinced of this company’s greatness.

[hardcorevalue]

1 hour ago, formthirteen said:

CSU.TO a few days before earnings. Added a stop-loss. The trend is down, and I’m not convinced of this company’s greatness.

 

Then why buy the stock lol. 

[formthirteen]

1 hour ago, hardcorevalue said:

Then why buy the stock lol. 

 

I want to see what other see. FAFO, LOL.

Edited November 8, 2025 by formthirteen

[Spekulatius]

3 hours ago, formthirteen said:

CSU.TO a few days before earnings. Added a stop-loss. The trend is down, and I’m not convinced of this company’s greatness.

What are your concerns? I also have been buying because the multiple compression has de-risked the stock, imo.

[KCLarkin]

6 hours ago, formthirteen said:

CSU.TO a few days before earnings. Added a stop-loss. The trend is down, and I’m not convinced of this company’s greatness.

 

This seems like the worst possible trade. Trend is down, so you are pretty likely to trigger stop-loss. But you also don't have conviction, so your upside is limited.

[Dave86ch]

Added Bitcoin

[formthirteen]

On 11/8/2025 at 7:25 PM, Spekulatius said:

What are your concerns? I also have been buying because the multiple compression has de-risked the stock, imo.

 

The stock is a twitter and value-investor darling which has pushed up the price. Mark Leonard lowering IRR standards. Mark Leonard stepping down immediately due to health reasons. Government percentage of revenue. AI sentiment. M&A flywheel might stop working abruptly at some point.

 

21 hours ago, KCLarkin said:

This seems like the worst possible trade. Trend is down, so you are pretty likely to trigger stop-loss. But you also don't have conviction, so your upside is limited.

 

It's a new holding so therefore "no" conviction. It's show me the money for CSU and Mr. Market. I try not to fight Mr. Market when entering a position.

[Milu]

2 hours ago, formthirteen said:

It's a new holding so therefore "no" conviction. It's show me the money for CSU and Mr. Market. I try not to fight Mr. Market when entering a position.

Interesting, if you don't require conviction when entering a position then why don't you just randomly select a stock to buy and then 'show me the money for Stock XYZ and Mr. Market'.

 

Just trying to understand the approach.

[djokovic1]

The problem with CSU and any serial acquirer in general is that the larger you get, it gets hard to continue to compound at high rates. CSU is the only acquirer that had dealt with this transition exceptionally well, ie deploy at low multiples at scale.

The law of large numbers will catch up with them too, ie it will be hard for them to continue a 100% re-investment rate. Yet could be a good time to buy given the multiple de-rating.

[formthirteen]

1 hour ago, Milu said:

Interesting, if you don't require conviction when entering a position then why don't you just randomly select a stock to buy and then 'show me the money for Stock XYZ and Mr. Market'.

 

I don't randomly select stocks.

[hardcorevalue]

2 hours ago, djokovic1 said:

The problem with CSU and any serial acquirer in general is that the larger you get, it gets hard to continue to compound at high rates. CSU is the only acquirer that had dealt with this transition exceptionally well, ie deploy at low multiples at scale.

The law of large numbers will catch up with them too, ie it will be hard for them to continue a 100% re-investment rate. Yet could be a good time to buy given the multiple de-rating.

 

All valid points but I thought the same thing a decade ago lol 

 

At a 5% fcf yield I'll take the bet

[Masterofnone]

Reloaded CROX traders. Rinse and repeat. 

[Valuebo]

7 minutes ago, Masterofnone said:

Reloaded CROX traders. Rinse and repeat. 

 

Lol same, see CROX topic!