Gregmal Posted September 16, 2020 Share Posted September 16, 2020 Bought some more JBGS and also a trading position in SBE after the charging station announcement. This will probably be the next hot potato SPAC. Link to comment Share on other sites More sharing options...
lnofeisone Posted September 17, 2020 Share Posted September 17, 2020 Closed UNG short. Bought NVAX 50 DEC/Apr and LMND 40 Dec/Mar calendars. Link to comment Share on other sites More sharing options...
Castanza Posted September 18, 2020 Share Posted September 18, 2020 BATRK Link to comment Share on other sites More sharing options...
Gregmal Posted September 18, 2020 Share Posted September 18, 2020 Closed out some AAPL puts, rolled down the chain and out a few weeks. Moved some to cash. Bought a little PIC, JBGS. EDIT: sold most of the PIC after hours. Too easy with these. Link to comment Share on other sites More sharing options...
Broeb22 Posted September 18, 2020 Share Posted September 18, 2020 BATRK I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes. Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour. There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing. In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer). Link to comment Share on other sites More sharing options...
Gregmal Posted September 18, 2020 Share Posted September 18, 2020 BATRK I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes. Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour. There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing. In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer). The Braves specifically have a pretty decent chunk of associated RE which is being developed and that makes them a little more unique here. Especially in Atlanta, which is one of the great growth beds in the US. Link to comment Share on other sites More sharing options...
Castanza Posted September 18, 2020 Share Posted September 18, 2020 BATRK I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes. Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour. There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing. In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer). To put it plainly...it looks cheap. Baseball may be declining but I’m not too worried about that in the near term (5 yrs). I think the game will change and evolve and people will eventually come back to it. Plus there is the whole tax haven for some billionaire angle to owning a sports team https://www.yourfinancialwizard.com/taxation-professional-sports-teams-team-owners/ It’s not a huge position for me currently, but I’ll probably continue to add over the next year if it stays depressed. I’m a bit of a sucker for simple thesis. Link to comment Share on other sites More sharing options...
Lance Posted September 19, 2020 Share Posted September 19, 2020 This week I added to IRM and TPL. Thanks Lance Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 21, 2020 Share Posted September 21, 2020 Bit of BAC Link to comment Share on other sites More sharing options...
longlake95 Posted September 21, 2020 Share Posted September 21, 2020 nibbling at QLYS Link to comment Share on other sites More sharing options...
Guest eatliftinvestgolf Posted September 21, 2020 Share Posted September 21, 2020 LSXMK Link to comment Share on other sites More sharing options...
york Posted September 21, 2020 Share Posted September 21, 2020 Wrote calls on $KOLD. I suspect the November 2020 NG gas contract to follow the October contract downwards. Link to comment Share on other sites More sharing options...
Viking Posted September 21, 2020 Share Posted September 21, 2020 Added to ENB, TRP & BCE. Started position in SJR.B (Shaw Communication) Link to comment Share on other sites More sharing options...
wabuffo Posted September 21, 2020 Share Posted September 21, 2020 Bought more CASH @ $18.78. At some point, I may do a write-up on it. It's a very interesting and unusual small bank. wabuffo Link to comment Share on other sites More sharing options...
mjm Posted September 21, 2020 Share Posted September 21, 2020 Bought more CASH @ $18.78. At some point, I may do a write-up on it. It's a very interesting and unusual small bank. wabuffo Seems like lot of insider selling although it appears to be mainly ex Crestmark officers, possibly diversifying? Link to comment Share on other sites More sharing options...
Spekulatius Posted September 21, 2020 Share Posted September 21, 2020 $ANTM and $ORI and a bit of $GOOGL Link to comment Share on other sites More sharing options...
lnofeisone Posted September 22, 2020 Share Posted September 22, 2020 Covered GME calls. Not feelign easy with all the outside involvement. Link to comment Share on other sites More sharing options...
CorpRaider Posted September 22, 2020 Share Posted September 22, 2020 Diworsified from WFC into BAC. Ok Li Lu and WEB? Link to comment Share on other sites More sharing options...
Ballinvarosig Investors Posted September 22, 2020 Share Posted September 22, 2020 Bought a small position in Fitbit. Link to comment Share on other sites More sharing options...
wisowis Posted September 22, 2020 Share Posted September 22, 2020 Added to QIS.V In the past week: Added to NVU.UN, CSU.TO Initiated BYD.TO, DRM.TO Link to comment Share on other sites More sharing options...
KJP Posted September 23, 2020 Share Posted September 23, 2020 Enterprise Products Partners Hill International Link to comment Share on other sites More sharing options...
wabuffo Posted September 23, 2020 Share Posted September 23, 2020 more PDLI (even though I own a lot already). wabuffo Link to comment Share on other sites More sharing options...
writser Posted September 23, 2020 Share Posted September 23, 2020 more PDLI (even though I own a lot already). wabuffo Same here. Link to comment Share on other sites More sharing options...
Gregmal Posted September 23, 2020 Share Posted September 23, 2020 Re bought some NOV IWM puts. Also added some more AAPL puts. Added some JBGS yesterday. Link to comment Share on other sites More sharing options...
Spekulatius Posted September 23, 2020 Share Posted September 23, 2020 Bought a starter in GRA (catalysts, polymers). Sort of a COVID-19 recovery play. Also a starter in SRE (utility) Small adds to ORI, ANTM, ABEV Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now