Sweet Posted February 26 Posted February 26 2 hours ago, moatrep said: F&g annuaties, 30% bellow what insiders paid, 0.70 price to book value, growing assets under management nicely, growing book value. Fidelity even took some shares at $33. Eps around 3-4 and it's sitting at $23.6, 52 weeks low is $22.43. 5 years low 15$, but with a lower p/book ratio (2022 equity: 2.4b, vs todays equity 4b). A series of companies with insiders buying and at reasonable prices, I add 0.5% on each: Pools corp, UNH, WKL I came across these guys recently and thought it was interesting. Problem is I had never heard of the company before, which for me is quite important because I’m more likely to hold something if I both know and understand their business.
moatrep Posted February 27 Posted February 27 (edited) Honestly i'm outsorcing my brain to this guys, after seing promising numbers and how they buy. I'm taking it as a qualitative indication to support the above numbers. I will dig more, but leave it as a 3% bet alongside them. Edited February 27 by moatrep
coffeecaninvestor Posted February 27 Posted February 27 I’ve started buying OTCM and have doubled my position in FRFHF.
pine Posted February 27 Posted February 27 (edited) 20 hours ago, Sweet said: I came across these guys recently and thought it was interesting. Problem is I had never heard of the company before, which for me is quite important because I’m more likely to hold something if I both know and understand their business. I bought FNF, the majority owner of F&G, because they seemed like a solid and boring business and because the title insurance business does not have a lot of risk. After they spun off some F&G I bought a few more F&G shares, mostly just tidying things up. I have been eying F&G after the recent price decline but I think the annuity business must have more insurance risk. I ASSUME F&G is also solid and boring like FNF but I don’t know. Portfolio neatness plus greed isn’t much of a thesis Does anyone here know F&G well? Thanks. Edited February 27 by pine
formthirteen Posted February 27 Posted February 27 On 2/20/2026 at 1:48 AM, Libs said: TSLX. It's never been a mistake to buy this near NAV. ( Currently at 1.08X). 9.5% yield. The market is spooked by their 40% software weighting, but these guys are on top of the AI exposure. They've been handicapping it for 2-3 years. -4% today. Seems like a bargain (better than cash). Thank you.
Libs Posted February 27 Posted February 27 3 hours ago, formthirteen said: -4% today. Seems like a bargain (better than cash). Thank you. We're basically down to NAV now. Something like 1.05X. Here are some famous last words: TSLX, in the 12 years it's been public, has traded above NAV on 97% of trading days.
Masterofnone Posted February 27 Posted February 27 3 hours ago, formthirteen said: -4% today. Seems like a bargain (better than cash). Thank you. +1 Thanks Libs. I see this as a relatively safe play on the market overshooting on the demise of software companies. The exposure here (~40% of loans in this sector) is limited by the duration of the loans. AI may or may not be the demise of software companies, but it is not going to happen overnight. The long tail does not exist here. Should work OK in a non-taxable account, getting paid 10% while you wait for a re-rate.
Spekulatius Posted February 28 Posted February 28 On 2/26/2026 at 11:02 AM, moatrep said: F&g annuaties, 30% bellow what insiders paid, 0.70 price to book value, growing assets under management nicely, growing book value. Fidelity even took some shares at $33. Eps around 3-4 and it's sitting at $23.6, 52 weeks low is $22.43. 5 years low 15$, but with a lower p/book ratio (2022 equity: 2.4b, vs todays equity 4b). A series of companies with insiders buying and at reasonable prices, I add 0.5% on each: Pools corp, UNH, WKL They outsourced managing their investment portfolio to a Blackstone entity (BIS) and somehow the founding father of the Financial services empire (Foley) has his finger into this too for fees. Seems like a dangerous setup , as this increases blowup risk, imo.
Loss Horizon Posted February 28 Posted February 28 (edited) Nintendo Oh, I see it was already mentioned Edited February 28 by Loss Horizon
moatrep Posted March 1 Posted March 1 (edited) Yeah this weekend I looked at it and realized how complicated it is. Maybe a pass unless there is more insiders buying at this level. In that case diging deeper may be more rewarding. The insiders may be wromg about the credit risk, now that the fear it's mainstream we will see if they keep going. Edited March 1 by moatrep
Spekulatius Posted March 1 Posted March 1 (edited) 11 hours ago, moatrep said: Yeah this weekend I looked at it and realized how complicated it is. Maybe a pass unless there is more insiders buying at this level. In that case diging deeper may be more rewarding. The insiders may be wromg about the credit risk, now that the fear it's mainstream we will see if they keep going. FG stock does look like a good value here, but it’s not a straightforward business. Folks I discussed with rightfully mention that outsourcing the investment side is not unique to FG and in a way it makes sense. I just wonder if they outsource the risk management by outsourcing investment as well and that would not be great. Edited March 1 by Spekulatius
brobro777 Posted March 2 Posted March 2 Bought some S&P 500 futures here cuz hey, I'm looking for a good time baby
petec Posted March 2 Posted March 2 On 2/23/2026 at 12:30 PM, Junior R said: will also add KKR added PAX I am also intrigued by PAX here.
Malmqky Posted March 2 Posted March 2 Some more Nintendo, increased the position by 10% today. Second buy since 2024.
rogermunibond Posted March 3 Posted March 3 (edited) Gold - down BTC - down UST - down Equities - down USD - up CNY bonds - up Oil - up NG - up Edited March 3 by rogermunibond
Libs Posted March 3 Posted March 3 43 minutes ago, dipod said: Purchased another slug of CPNG 2028 leaps and some common stock. Gulping all the SKYH I can below $9.
Cod Liver Oil Posted March 3 Posted March 3 Adding to Sony and Nintendo despite tariffs, Hormuz, rockets and yenz.
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