jfan Posted September 27, 2022 Share Posted September 27, 2022 (edited) META, ICE and FNV The banking industry looks quite cheap with all this chatter about recession risk even if earnings decline. Am I missing something here? Edited September 27, 2022 by jfan Link to comment Share on other sites More sharing options...
StubbleJumper Posted September 28, 2022 Share Posted September 28, 2022 Resolute Forest Products. The price has dipped to US$20 today and it is virtually certain to be bought out at US$20.50 + CVR, likely in late-March or early-April. So, the 50-cent cash spread basically covers the carry for 6 months, and the CVR are a "free" lottery ticket. SJ Link to comment Share on other sites More sharing options...
Gregmal Posted September 28, 2022 Share Posted September 28, 2022 Berkshire, Fairfax, St Joe Link to comment Share on other sites More sharing options...
RedLion Posted September 29, 2022 Share Posted September 29, 2022 (edited) I added to BX at below $85. Been planning to hold off until the BAM spinoff to add to the asset manager, but thinking about adding a big slug near $40. Right now all the alts are looking good, even the ones that are usually too expensive to look at (e.g. BX, ARES, OWL) Edited September 29, 2022 by RedLion Link to comment Share on other sites More sharing options...
RedLion Posted September 29, 2022 Share Posted September 29, 2022 (edited) Big add to BAM, first add in a couple years on this position, but ended up increasing my total position size by ~30%. I ended up buying at $40.84. Also added APO call options at $42 expiring Jan 23. This pretty much doubles my notional exposure including some $47.50 call options I already have, depending on how the stock does over the next few months I may try to sell my APO shares for a short term loss but still be able to exercise the options at $42 before they expire and keep roughly the same exposure. Obviously I'm opening myself to losing even more money if the stock keeps going down hard with the market in the short term, so maybe this was a stupid idea, but I have a lot of short term gains from hedging, and I want to harvest some of these APO short term losses, but still remain bullish. Edited September 29, 2022 by RedLion Link to comment Share on other sites More sharing options...
maxthetrade Posted September 29, 2022 Share Posted September 29, 2022 Sold some Jan 24 $65 KMX puts, really juicy premium. Link to comment Share on other sites More sharing options...
Gregmal Posted September 29, 2022 Share Posted September 29, 2022 Chucked more money into the fire on MSGE 44.70. Link to comment Share on other sites More sharing options...
Cod Liver Oil Posted September 29, 2022 Share Posted September 29, 2022 (edited) I sold atm December MSGE puts. I bought: Edited September 29, 2022 by Cod Liver Oil Link to comment Share on other sites More sharing options...
Gregmal Posted September 29, 2022 Share Posted September 29, 2022 14 minutes ago, Cod Liver Oil said: Sold atm December msge puts: LOL yea I was gonna buy more but then decided if I’m throwing it in the toilet to at least redirect some to the Red Cross for hurricane relief where it’ll actually doing something positive. Link to comment Share on other sites More sharing options...
RedLion Posted September 29, 2022 Share Posted September 29, 2022 I started a new position in ARES right before the close at $62.47. I ended up deploying a lot of capital today at least for the size of my portfolio. Link to comment Share on other sites More sharing options...
Rustycage Posted September 29, 2022 Share Posted September 29, 2022 Added to msge and dbrg because I like lighting $ on fire Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 30, 2022 Share Posted September 30, 2022 4 hours ago, Rustycage said: Added to msge and dbrg because I like lighting $ on fire Link to comment Share on other sites More sharing options...
KPO Posted September 30, 2022 Share Posted September 30, 2022 (edited) ALCO at the end of trading. I suspect I’ll be buying more in the coming days. That said, with the fed draining the liquidity pond through the acceleration of bond sales to reverse quantitative easing, I suspect there will be a lot of interesting options over the next month or two. Either way, land rarely loses value over multi year periods, so even if they lose a significant amount of this year’s orange crop there is sustaining land value at the current quote. Edited September 30, 2022 by KPO Link to comment Share on other sites More sharing options...
ourkid8 Posted September 30, 2022 Share Posted September 30, 2022 (edited) 10 hours ago, RedLion said: Big add to BAM, first add in a couple years on this position, but ended up increasing my total position size by ~30%. I ended up buying at $40.84. I also added to BAM today as well. There is a point I will be forced to double my position and with the price dropping that point is getting closer day by day. I wish ATCO would trade near its offer price so I can swap out of atco into BAM!!! Edited September 30, 2022 by ourkid8 Link to comment Share on other sites More sharing options...
Spekulatius Posted September 30, 2022 Share Posted September 30, 2022 Bought a starter in ADDYY (Adidas) today. I also added to PAH.DE / POAHY. Link to comment Share on other sites More sharing options...
tooskinneejs Posted September 30, 2022 Share Posted September 30, 2022 The Scotts Miracle-Gro Company. It's at a price not seen since 2013. VF Corp is also looking cheap. Link to comment Share on other sites More sharing options...
Castanza Posted September 30, 2022 Share Posted September 30, 2022 26 minutes ago, tooskinneejs said: The Scotts Miracle-Gro Company. It's at a price not seen since 2013. VF Corp is also looking cheap. What's the thesis on this? Balance sheet doesn't look good, Sales down 60% Cashflow going negative? Is the divy sustainable? Seems like it could drop a lot more. Link to comment Share on other sites More sharing options...
DooDiligence Posted September 30, 2022 Share Posted September 30, 2022 (edited) 58 minutes ago, Castanza said: What's the thesis on this? Balance sheet doesn't look good, Sales down 60% Cashflow going negative? Is the divy sustainable? Seems like it could drop a lot more. I'm a lawn freak and used to use Scotts products but switched to WalMart's Expert Gardener brand quite a few years ago. I battled weeds for a long time using Scotts Bonus S Southern Weed and Feed with virtually no effect on weeds, and yes I do follow the directions on the bag. Now I use the Expert Gardener fertilizer product(s) + 4 to 6 week applications of Spectracide Weed Stop for lawns with a hose end sprayer and the results are significantly better than Scotts. The war on weeds is never ending and you gotta use the right weapons. My lawn is green and lush at half the price. --- edit: that reminds me, I'm buying winterizer today. Edited September 30, 2022 by DooDiligence Link to comment Share on other sites More sharing options...
Castanza Posted September 30, 2022 Share Posted September 30, 2022 5 minutes ago, DooDiligence said: I'm a lawn freak and used to use Scotts products but switched to WalMart's Expert Gardener brand quite a few years ago. I battled weeds for a long time using Scotts Bonus S Southern Weed and Feed with virtually no effect on weeds, and yes I do follow the directions on the bag. Now I use the Expert Gardener fertilizer product(s) + 4 to 6 week applications of Spectracide Weed Stop for lawns with a hose end sprayer and the results are significantly better than Scotts. The war on weeds is never ending and you gotta use the right weapons. My lawn is green and lush at half the price. --- edit: that reminds me, I'm buying winterizer today. From what I’ve seen with lawncare is the cottage industry really taking off. If you look on Forums, Reddit, YouTube etc. There is a big moving away from the big brands and more into specialized products/stuff promoted by individuals. Probably doesn’t capture the whole market though and tbh I’m not even sure the breakdown for SMG between consummer/commercial. I didn’t get past the balance sheet and outlook Link to comment Share on other sites More sharing options...
Spekulatius Posted September 30, 2022 Share Posted September 30, 2022 Speaking of the war on weeds and specialized stuff, if you have problems with crabgrass in your lawn, this stuff from BASF (DriveXLR8) is the chemical warfare bomb: https://www.amazon.com/BASF-AMDRIVEXLR-Drive-XLR8-Killer/dp/B08DJ8XTBR/ref=asc_df_B08DJ8XTBR/?tag=hyprod-20&linkCode=df0&hvadid=507730646855&hvpos=&hvnetw=g&hvrand=9985564175916134754&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9001910&hvtargid=pla-1253150176265&psc=1 Link to comment Share on other sites More sharing options...
DooDiligence Posted September 30, 2022 Share Posted September 30, 2022 7 minutes ago, Castanza said: From what I’ve seen with lawncare is the cottage industry really taking off. If you look on Forums, Reddit, YouTube etc. There is a big moving away from the big brands and more into specialized products/stuff promoted by individuals. Probably doesn’t capture the whole market though and tbh I’m not even sure the breakdown for SMG between consummer/commercial. I didn’t get past the balance sheet and outlook Same, re: the balance sheet and personal experience with their products. Link to comment Share on other sites More sharing options...
DooDiligence Posted September 30, 2022 Share Posted September 30, 2022 4 minutes ago, Spekulatius said: Speaking of the war on weeds and specialized stuff, if you have problems with crabgrass in your lawn, this stuff from BASF (DriveXLR8) is the chemical warfare bomb: https://www.amazon.com/BASF-AMDRIVEXLR-Drive-XLR8-Killer/dp/B08DJ8XTBR/ref=asc_df_B08DJ8XTBR/?tag=hyprod-20&linkCode=df0&hvadid=507730646855&hvpos=&hvnetw=g&hvrand=9985564175916134754&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9001910&hvtargid=pla-1253150176265&psc=1 dimethylamine salt does the job for sure Link to comment Share on other sites More sharing options...
CorpRaider Posted September 30, 2022 Share Posted September 30, 2022 (edited) I'm a DCA buyer of SMG here (though I have been). Dividend could get cut and could go lower. I must, however, marshal my resources for the coming BRK below book opportunity, which I do hereby swear to ton. Edited September 30, 2022 by CorpRaider Link to comment Share on other sites More sharing options...
Spooky Posted September 30, 2022 Share Posted September 30, 2022 My BAM dividend was automatically reinvested for 1 more share... awww yaaaa Link to comment Share on other sites More sharing options...
Spekulatius Posted September 30, 2022 Share Posted September 30, 2022 Bought a starter on LEVI again. Maybe not the cheapest consumer stock, but one of the most durable brands. I also like management. They have done an excellent job to during the epidemic etc. Link to comment Share on other sites More sharing options...
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