RedLion Posted February 10, 2023 Share Posted February 10, 2023 (edited) Held my nose and added a very few shares of ARES. The valuation is high, but if the growth runway keeps up this can still be a great return over 5 years. Would look to build this up to a full position anywhere in the $50s but that looks unlikely. Edited February 10, 2023 by RedLion Link to comment Share on other sites More sharing options...
no_free_lunch Posted February 12, 2023 Share Posted February 12, 2023 (edited) Bought some of biotechnology company Amgen AMGN. This company has performed stellar over the last 10, 20, 30 years. I don't fully understand the business but they seem to have a small tech moat. It trades around 14x 2023 earnings , quite reasonable. I've traded in and out of this one for over a decade and while it's not crazy cheap i think this is a good price and better than the alternatives I'm seeing. Also i continue to sell things, meta for instance and build up cash. Edited February 12, 2023 by no_free_lunch Link to comment Share on other sites More sharing options...
wescobrk Posted February 14, 2023 Share Posted February 14, 2023 I bought some shares of a company that completed a spac two weeks ago with a 170k share float on the expectation there will be a short squeeze at some point. Link to comment Share on other sites More sharing options...
Saluki Posted February 14, 2023 Share Posted February 14, 2023 Bought the last bit of VTS that I wanted to buy for a full position size. Added a little more to SWBI and TV (can't get to full position size unless I sell something else). Link to comment Share on other sites More sharing options...
Saluki Posted February 14, 2023 Share Posted February 14, 2023 On 2/9/2023 at 3:50 PM, CorpRaider said: Nah, just Kyosaki. I like the first few chapters of RD,PD and CF-Q. Listened to the UHAL and EQC calls recently too, could be relevant. EQC likes self storage and SFH. Variant perception there. Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family. This book is fascinating, by the way: https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552 The founder was a genius, but it looks like one of those things where it skips a generation. He's a got more kids than you can count on both sets of fingers from several wives and they were all forming coalitions and trying to get control of the company. After you read how they treated minority share holders in their own family, it doesn't give you a lot of confidence. Link to comment Share on other sites More sharing options...
thepupil Posted February 14, 2023 Share Posted February 14, 2023 (edited) I bought the current 30 year US treasury a 3.80% yield to add duration to the portfolio as it sell off a little bit. my experience from buying BBB corps last summer/fall is that I don't have the scale to mitigate the transaction costs in those and am probably better off owning duration via govvies. If in 1 year the yield is 4.80%, total return will approximate -12%. If in 1 year the yield is 2.80% total return will approximate +24% booooooring. Edited February 14, 2023 by thepupil Link to comment Share on other sites More sharing options...
sleepydragon Posted February 14, 2023 Share Posted February 14, 2023 bought some tencent. Link to comment Share on other sites More sharing options...
CorpRaider Posted February 14, 2023 Share Posted February 14, 2023 (edited) 24 minutes ago, Saluki said: Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family. This book is fascinating, by the way: https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552 The founder was a genius, but it looks like one of those things where it skips a generation. He's a got more kids than you can count on both sets of fingers from several wives and they were all forming coalitions and trying to get control of the company. After you read how they treated minority share holders in their own family, it doesn't give you a lot of confidence. Interesting. Thank you. That lending club thing they have + Nevada corp has my spidey sense going off. Edited February 14, 2023 by CorpRaider Link to comment Share on other sites More sharing options...
sleepydragon Posted February 14, 2023 Share Posted February 14, 2023 2 hours ago, Saluki said: Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family. This book is fascinating, by the way: https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552 The founder was a genius, but it looks like one of those things where it skips a generation. He's a got more kids than you can count on both sets of fingers from several wives and they were all forming coalitions and trying to get control of the company. After you read how they treated minority share holders in their own family, it doesn't give you a lot of confidence. Yeah, I bought and sold it after I watched a Fox interview with the current CEO and his two children on YouTube. Link to comment Share on other sites More sharing options...
jfan Posted February 14, 2023 Share Posted February 14, 2023 46 minutes ago, sleepydragon said: Yeah, I bought and sold it after I watched a Fox interview with the current CEO and his two children on YouTube. Do you have that video link? Link to comment Share on other sites More sharing options...
sleepydragon Posted February 14, 2023 Share Posted February 14, 2023 6 minutes ago, jfan said: Do you have that video link? just search "uhal ceo" in YouTube. it's from a few years ago. Link to comment Share on other sites More sharing options...
sleepydragon Posted February 14, 2023 Share Posted February 14, 2023 8 minutes ago, jfan said: Do you have that video link? Link to comment Share on other sites More sharing options...
jfan Posted February 14, 2023 Share Posted February 14, 2023 1 hour ago, sleepydragon said: Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family. This book is fascinating, by the way: https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552 23 minutes ago, sleepydragon said: thanks for the link. I assume the last part was particularly polarizing. I haven't yet read that book, but have been working through A Noble Function - How Uhaul Moved America. This one is more about the initial early years of the company's founding. Link to comment Share on other sites More sharing options...
Saluki Posted February 14, 2023 Share Posted February 14, 2023 18 minutes ago, jfan said: thanks for the link. I assume the last part was particularly polarizing. I haven't yet read that book, but have been working through A Noble Function - How Uhaul Moved America. This one is more about the initial early years of the company's founding. A Noble Function helps understand the founding of the company. It was authorized by the family, so there is no mention of the dysfunctional family dynamics in there. It's helpful to understand how they pulled ahead of all their mom and pop competitors making moving trailers like their in the post war era. It also goes into that weird lending club thing, if I remember correctly. Basically, they couldn't get bank financing because of all the existing debt so they were being lent money by the franchisees who understood the business and some were getting like 15% returns or something. Link to comment Share on other sites More sharing options...
maplevalue Posted February 15, 2023 Share Posted February 15, 2023 On 2/7/2023 at 8:13 PM, tnathan said: Put on a pair trade - short arkk (via SARK) and then bought DIA...Unless we really have a crazy run here I think this works out well. Does anyone disagree? Open to feedback! Today is a day where one would really think your trade should be working (strong economic data -> high rates -> bad for long duration ARKK stuff) but price action is doing the opposite of what we would expect based on this. May be indicating the tech stuff just got too oversold. (I recently bought SMT which very similar to ARKK...trying to bottom feed). Link to comment Share on other sites More sharing options...
Saluki Posted February 15, 2023 Share Posted February 15, 2023 Added a little more to SWBI and TV. Link to comment Share on other sites More sharing options...
ourkid8 Posted February 15, 2023 Share Posted February 15, 2023 I added a small amount of BN. Link to comment Share on other sites More sharing options...
RedLion Posted February 16, 2023 Share Posted February 16, 2023 New position in UNP. Been wanting to invest in the railroads for several years and been waiting for a good entry point. I feel like $200 is an OK entry point, but I will look for opportunities to add. Link to comment Share on other sites More sharing options...
Saluki Posted February 16, 2023 Share Posted February 16, 2023 Added to TV and SWBI using some money from stuff I trimmed yesterday. Added a small amount to NETI, which was down 6% today on no news (I plan to double it this year on the dips, then sell the half that I bought back when it was Scorpio Bulkers, to harvest the tax loss before year end while keeping the same position size). Link to comment Share on other sites More sharing options...
Dinar Posted February 16, 2023 Share Posted February 16, 2023 36 minutes ago, RedLion said: New position in UNP. Been wanting to invest in the railroads for several years and been waiting for a good entry point. I feel like $200 is an OK entry point, but I will look for opportunities to add. Why UNP and not say CNI or CP? (I am long CNI & CP, but not other rails) Link to comment Share on other sites More sharing options...
RedLion Posted February 16, 2023 Share Posted February 16, 2023 (edited) 27 minutes ago, Dinar said: Why UNP and not say CNI or CP? (I am long CNI & CP, but not other rails) Because I feel like they’re both a little richer on valuation, but these 3 are the ones on my watch list. Would like to start a position in all three eventually, hopefully after a bigger pullback. should mention I’m not an expert at rails, so my game plan was to probably create a small basket and then tweak it over a period of years. This is my favorite way to learn a new sector. Edited February 16, 2023 by RedLion Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 16, 2023 Share Posted February 16, 2023 47 minutes ago, Dinar said: Why UNP and not say CNI or CP? (I am long CNI & CP, but not other rails) Why CNI or CP and not the others? Link to comment Share on other sites More sharing options...
Dinar Posted February 16, 2023 Share Posted February 16, 2023 16 minutes ago, fareastwarriors said: Why CNI or CP and not the others? They have volume growth and will continue to have it, while others do not Link to comment Share on other sites More sharing options...
CassiusKing1 Posted February 16, 2023 Share Posted February 16, 2023 More BRK/B and some COST. Link to comment Share on other sites More sharing options...
ourkid8 Posted February 16, 2023 Share Posted February 16, 2023 (edited) I added a small amount of BN. Edited February 16, 2023 by ourkid8 Link to comment Share on other sites More sharing options...
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