Jump to content

What are you buying today?


LowIQinvestor

Recommended Posts

Hi HalfMeasure - I like them both.  Re MO - its more diversified than PM - e.g. Anheuser holdings, wine, etc. - and its cannabis moves are interesting.  RE PM - the currency impact is something I think about quite a bit and I like their reduced-risk products.

 

Thanks Lance, appreciate the color.

Link to comment
Share on other sites

Almost out of cash now.

 

Also a bit early perhaps?

 

The situation is interesting: there's a number of large (mega) cap good and great companies that are not very expensive. Some even cheap(ish).

But also a lot of moaty companies still very highly valued. (That's just from the universe I track... no idea about the companies I don't track.)

 

So on one hand, it would seem we should not get another 20+% drop but on another hand it would seem we could.

 

FWIW, I think markets will rally after the year-end dumping of "losers" ends. So in January. But then there's politics, tariffs, etc., so my prediction is possibly not worth a share of BAC.

Link to comment
Share on other sites

Almost out of cash now.

 

Also a bit early perhaps?

 

The situation is interesting: there's a number of large (mega) cap good and great companies that are not very expensive. Some even cheap(ish).

But also a lot of moaty companies still very highly valued. (That's just from the universe I track... no idea about the companies I don't track.)

 

So on one hand, it would seem we should not get another 20+% drop but on another hand it would seem we could.

 

FWIW, I think markets will rally after the year-end dumping of "losers" ends. So in January. But then there's politics, tariffs, etc., so my prediction is possibly not worth a share of BAC.

 

Yes, too early. however, the selling had been relentless, almost like October 2008. I think a lot of stocks are cheap, unless the economy falls apart.  I don’t think that’s likely. I do agree that  the selling has more to do with momentum than with fundamental issues.

Link to comment
Share on other sites

Bought more TAP, not much cash left after selling all my winners already - and dumping most in ADS. Great timing. :)

 

Is Molson Coords Brewing really trading at 6x FCF?

Nah, 12 pct FCFE yield mas o menos (they guide 1.5b FCF plus/minus 10 pct). Come mid 19 their leverage is on target and I expect a large payout.

Link to comment
Share on other sites

Bought more TAP, not much cash left after selling all my winners already - and dumping most in ADS. Great timing. :)

 

Is Molson Coords Brewing really trading at 6x FCF?

 

I’m not familiar with the company, but what about this trend?

 

Icehouse

> Sales change (2012-2017): -8.9%

> Barrels shipped in 2017: 1.3 million

> Market share: 0.6%

 

Coors Light

> Sales change (2012-2017): -11.1%

> Barrels shipped in 2017: 15.9 million

> Market share: 7.6%

 

Miller Lite

> Sales change (2012-2017): -12.3%

> Barrels shipped in 2017: 12.8 million

> Market share: 6.2%

 

Keystone Light

> Sales change (2012-2017): -15.1%

> Barrels shipped in 2017: 3.5 million

> Market share: 1.7%

 

Milwaukee’s Best Ice

> Sales change (2012-2017): -16.8%

> Barrels shipped in 2017: 1.2 million

> Market share: 0.6%

 

Miller High Life

> Sales change (2012-2017): -21.5%

> Barrels shipped in 2017: 3.5 million

> Market share: 1.7%

 

Milwaukee’s Best Light

> Sales change (2012-2017): -43.7%

> Barrels shipped in 2017: 625,000

> Market share: 0.3%

 

Miller Genuine Draft

> Sales change (2012-2017): -50.5%

> Barrels shipped in 2017: 680,000

> Market share: 0.3%

 

Source: https://247wallst.com/special-report/2018/12/21/beers-americans-no-longer-drink-5/2/

Link to comment
Share on other sites

There are now almost 7,000 microbreweries in the US

 

https://www.brewbound.com/news/7000-breweries-operate-u-s-2018

 

accounting for about 12% of beer sales and growing by double digits.

 

Bought more TAP, not much cash left after selling all my winners already - and dumping most in ADS. Great timing. :)

 

Is Molson Coords Brewing really trading at 6x FCF?

 

I’m not familiar with the company, but what about this trend?

 

Icehouse

> Sales change (2012-2017): -8.9%

> Barrels shipped in 2017: 1.3 million

> Market share: 0.6%

 

Coors Light

> Sales change (2012-2017): -11.1%

> Barrels shipped in 2017: 15.9 million

> Market share: 7.6%

 

Miller Lite

> Sales change (2012-2017): -12.3%

> Barrels shipped in 2017: 12.8 million

> Market share: 6.2%

 

Keystone Light

> Sales change (2012-2017): -15.1%

> Barrels shipped in 2017: 3.5 million

> Market share: 1.7%

 

Milwaukee’s Best Ice

> Sales change (2012-2017): -16.8%

> Barrels shipped in 2017: 1.2 million

> Market share: 0.6%

 

Miller High Life

> Sales change (2012-2017): -21.5%

> Barrels shipped in 2017: 3.5 million

> Market share: 1.7%

 

Milwaukee’s Best Light

> Sales change (2012-2017): -43.7%

> Barrels shipped in 2017: 625,000

> Market share: 0.3%

 

Miller Genuine Draft

> Sales change (2012-2017): -50.5%

> Barrels shipped in 2017: 680,000

> Market share: 0.3%

 

Source: https://247wallst.com/special-report/2018/12/21/beers-americans-no-longer-drink-5/2/

Link to comment
Share on other sites

Bought more TAP, not much cash left after selling all my winners already - and dumping most in ADS. Great timing. :)

 

Is Molson Coords Brewing really trading at 6x FCF?

 

I’m not familiar with the company, but what about this trend?

 

Icehouse

> Sales change (2012-2017): -8.9%

> Barrels shipped in 2017: 1.3 million

> Market share: 0.6%

 

Coors Light

> Sales change (2012-2017): -11.1%

> Barrels shipped in 2017: 15.9 million

> Market share: 7.6%

 

Miller Lite

> Sales change (2012-2017): -12.3%

> Barrels shipped in 2017: 12.8 million

> Market share: 6.2%

 

Keystone Light

> Sales change (2012-2017): -15.1%

> Barrels shipped in 2017: 3.5 million

> Market share: 1.7%

 

Milwaukee’s Best Ice

> Sales change (2012-2017): -16.8%

> Barrels shipped in 2017: 1.2 million

> Market share: 0.6%

 

Miller High Life

> Sales change (2012-2017): -21.5%

> Barrels shipped in 2017: 3.5 million

> Market share: 1.7%

 

Milwaukee’s Best Light

> Sales change (2012-2017): -43.7%

> Barrels shipped in 2017: 625,000

> Market share: 0.3%

 

Miller Genuine Draft

> Sales change (2012-2017): -50.5%

> Barrels shipped in 2017: 680,000

> Market share: 0.3%

 

Source: https://247wallst.com/special-report/2018/12/21/beers-americans-no-longer-drink-5/2/

Well, that is definately the bear case and somewhat consensus I think, but they've been good at making up for volume declines through economies of scale and pricing. Scale is what truly matters which is why M&A can create a lot of value for the big guys (basically Molson and AB InBev). Come a recession I think they'll do better than craft and perhaps they can pick some subscale brewers up on the cheap.

Link to comment
Share on other sites

I don’t think a recession can reverse the trend towards craft beer. These brands are dead. Maybe it’s my circles, but no one brings Miller or Bud to a party any more. There best bet is develop or buy craft beer brands themselves, but they don’t come cheap, but I agree they may become cheaper in a recession. The problem is that the fragmentation probably reduces the profitability of the business permanently.

Link to comment
Share on other sites

Adding to Berkshire again this morning.  Approximately $470 Billion market cap.  Could see some opportunities if we really do enter a protracted bear

 

Buy BRK or buy banks/AAPL that BRK is holding/buying... Eh decisions, decisions.  8)

 

Edit: just for fun, potentially interesting potentially buy list: AMCX, AAPL, BAC, BRK, DIS, EXPE, FB, FDX, GOOGL, IPGP, JPM, CVS, WBA, MSGN, NVDA, OTCM.

Link to comment
Share on other sites

I used some more of the school $$$ to bump BRK.B up to 18% today.

 

---

 

Oh, and I called the top back in November!

(unfortunately as I was buying.)

 

I'd like a segment on CNBC & some OPM.

 

I'm all in with a purchase of CLB today.

 

edit: also added some MO Jan 2021 $50 calls using the supposedly sacrosanct skool funds.

 

The cash I have left is sacrosanct (no, really) and will be used for a bachelors degree unless BRK takes a big dive, in which case I'd probably add to the position & start busking to cover the missing cash  ???

 

---

 

[[[ This should be a sufficient signal for ALL intelligent investors to marshal their cash for a huge downturn in the markets. ]]]

 

Link to comment
Share on other sites

Anyone remember that Santa Claus rally we were supposed to have? Seems like the jolly fat guy just delivered a yuge lump of coal. Or is it lead? S&P is 6 points from bear market. Merry Christmas!

 

I think the Santa Claus rally gone off the wheels (reins?) and become the Christmas Crash of 2018. I hope that sleigh has airbags!  ;D

Link to comment
Share on other sites

Anyone remember that Santa Claus rally we were supposed to have? Seems like the jolly fat guy just delivered a yuge lump of coal. Or is it lead? S&P is 6 points from bear market. Merry Christmas!

 

It could be a present for those sitting on cash. Merry Christmas!

 

Let's just say I did a bit of Christmas shopping today  ;)

 

Merry Christmas!

 

Added to BAC and MU positions.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...