sleepydragon Posted October 30, 2023 Share Posted October 30, 2023 Added to SAVE Link to comment Share on other sites More sharing options...
Cod Liver Oil Posted October 31, 2023 Share Posted October 31, 2023 (edited) Adding to SPHR in low 30's.. I think they are working on some sports affiliations which will be very profitable. Their tech is a little ahead of the game now but as the world catches up to them, it will be the only game in town. White elephant or trophy property? Edited October 31, 2023 by Cod Liver Oil Link to comment Share on other sites More sharing options...
Charlie Posted October 31, 2023 Share Posted October 31, 2023 (edited) I bought some Berkshire b shares today. The statistical weak month of October is ending (some equity strategies start investing in November), Berkshire is quite cheap on a P/B basis and Q3 will be released soon, so that will probably decrease P/B further. Edited October 31, 2023 by Charlie Link to comment Share on other sites More sharing options...
Malmqky Posted October 31, 2023 Share Posted October 31, 2023 13 minutes ago, Charlie said: I bought some Berkshire b shares today. The statistical weak month of October is ending (sone equity strategies start investing in November), Berkshire is quite cheap on a P/B basis and Q3 will be released soon, so that will probably decrease P/B further. Same. I’m using Brk and Frph as cash positions essentially for obvious reasons, so happy to be overweight in both. Link to comment Share on other sites More sharing options...
ourkid8 Posted November 1, 2023 Share Posted November 1, 2023 BTI Link to comment Share on other sites More sharing options...
thepupil Posted November 1, 2023 Share Posted November 1, 2023 I doubled down on MAA and CPT yesterday, not by purchasing more, but by converting some holdings held in IRA to Roth, paying >40% taxes for the privilege. it's optimal to wait until low income years to do this, but I just want to build a ladder of liquidity/availability over time, try to do it with the more beaten down names. Link to comment Share on other sites More sharing options...
Lance Posted November 1, 2023 Share Posted November 1, 2023 ELME and EQR Thanks Lance Link to comment Share on other sites More sharing options...
Dinar Posted November 1, 2023 Share Posted November 1, 2023 12 hours ago, thepupil said: I doubled down on MAA and CPT yesterday, not by purchasing more, but by converting some holdings held in IRA to Roth, paying >40% taxes for the privilege. it's optimal to wait until low income years to do this, but I just want to build a ladder of liquidity/availability over time, try to do it with the more beaten down names. If you do not mind, could you explain why you like each? Thank you. Link to comment Share on other sites More sharing options...
thepupil Posted November 1, 2023 Share Posted November 1, 2023 21 minutes ago, Dinar said: If you do not mind, could you explain why you like each? Thank you. I like all blue chip multifamily (I think he who has lowest basis, lowest leverage, and lowest g&a will preserve & grow capital over time). Don't take any of my individual purchases as "I love california vs southeast" or vice versa or "i think UDR's mgt team is better than CPT's". I try to be cute and buy them when mkt doesn't like because of impending negative earnings momentum or general fears (ESS has outperformed this year because it did worst in '22 because of tech downturn/west coast general fears, was buying in '22 haven't bought this year, sunbelt rents are rolling over and there's a supply overhang so CPT/MAA doing poorly, so I'm buying). It's nice to own a number of them (to extent owned in taxable) as you can swap comps to generate tax losses / maintain exposure. I'll probably sell my ie I'll probably sell my MAA in Nov to buy more CPT and then switch back to owning both... Maybe buy a little EQR today. Link to comment Share on other sites More sharing options...
henrikgn Posted November 1, 2023 Share Posted November 1, 2023 On 9/26/2023 at 10:14 PM, Spekulatius said: $CASH (rebought), a bit more BTI and a starter in $CNHI Also have been adding to PRNDY / RI.PA recently. Curious to know if you have added to the starter in $CNHI as it has kept falling, trading at 52-week low today.? Any thoughts or expectations for the upcoming Q3 report? Link to comment Share on other sites More sharing options...
giulio Posted November 1, 2023 Share Posted November 1, 2023 Added to PRM I don't understand why is tanking today. A bit concerned about the absence of insiders buying and the fact that they have not announced an earnings release date. Link to comment Share on other sites More sharing options...
Spekulatius Posted November 1, 2023 Share Posted November 1, 2023 1 hour ago, henrikgn said: Curious to know if you have added to the starter in $CNHI as it has kept falling, trading at 52-week low today.? Any thoughts or expectations for the upcoming Q3 report? I have done one small add in CNHI at $11.5 but not buying more although the price seems tempting. I am going to check the Q3 report first. Link to comment Share on other sites More sharing options...
CorpRaider Posted November 1, 2023 Share Posted November 1, 2023 (edited) 4 hours ago, thepupil said: I like all blue chip multifamily (I think he who has lowest basis, lowest leverage, and lowest g&a will preserve & grow capital over time). Don't take any of my individual purchases as "I love california vs southeast" or vice versa or "i think UDR's mgt team is better than CPT's". I try to be cute and buy them when mkt doesn't like because of impending negative earnings momentum or general fears (ESS has outperformed this year because it did worst in '22 because of tech downturn/west coast general fears, was buying in '22 haven't bought this year, sunbelt rents are rolling over and there's a supply overhang so CPT/MAA doing poorly, so I'm buying). It's nice to own a number of them (to extent owned in taxable) as you can swap comps to generate tax losses / maintain exposure. I'll probably sell my ie I'll probably sell my MAA in Nov to buy more CPT and then switch back to owning both... Maybe buy a little EQR today. Do you know if any of those other guys have supervision that owns a fair bit of stock/units? Like say more than Terry Toupee' over at AIRC. I almost bought more EQR "for grandmother" at $54 a few days ago (before you highlighted the swap into ATL). Edited November 1, 2023 by CorpRaider Link to comment Share on other sites More sharing options...
thepupil Posted November 1, 2023 Share Posted November 1, 2023 38 minutes ago, CorpRaider said: Do you know if any of those other guys have supervision that owns a fair bit of stock/units? Like say more than Terry Toupee' over at AIRC. I almost bought more EQR "for grandmother" at $54 a few days ago (before you highlighted the swap into ATL). I don't really regard it as important. They're all going to build their empires. Manage in slightly different ways, get paid handsomely. Chai Truct Co LLC (Zell [RIP] Family Office) owns $300m of stock, but not clear to me what that does and now that Sam's gone, it's just another company in terms of board composition. Mark Parell (CEO) owns like 240K shares ($12mm) which isn't really a lot of money relative to his comp. Bloomberg says he made $8.5mm in 2022. Proxy says $8.5-$11mm / year for last 3 years. Keeping job much more valuable than stake in company. Probably true for all blue chip REIT C Suite. Link to comment Share on other sites More sharing options...
Luca Posted November 2, 2023 Share Posted November 2, 2023 Added to EXOR Link to comment Share on other sites More sharing options...
Gregmal Posted November 2, 2023 Share Posted November 2, 2023 Added a little more to Fairfax. Love buying the breakouts Link to comment Share on other sites More sharing options...
Cod Liver Oil Posted November 2, 2023 Share Posted November 2, 2023 (edited) Add to CROX at $80. Dude is a dud but at 7 times earnings and plenty of discretionary cash flow to pay down debt and buy back stock, I don't care. With a little multiple expansion, a little market cap shrinkage and a little growth, this could double without much fuss. I will keep it below 500bp because my estimation of the moat may be off. Edited November 3, 2023 by Cod Liver Oil Link to comment Share on other sites More sharing options...
sleepydragon Posted November 3, 2023 Share Posted November 3, 2023 Buying options for the first time since 2008 (before that I worked on option market making desk) — SAVE calls Link to comment Share on other sites More sharing options...
CorpRaider Posted November 3, 2023 Share Posted November 3, 2023 8 hours ago, Gregmal said: Added a little more to Fairfax. Love buying the breakouts Man is a natural trend follower. - Charles T. Munger Link to comment Share on other sites More sharing options...
Paarslaars Posted November 3, 2023 Share Posted November 3, 2023 SAVE calls, small position. Link to comment Share on other sites More sharing options...
Luca Posted November 6, 2023 Share Posted November 6, 2023 Opened a position in OXY and added to AMR Link to comment Share on other sites More sharing options...
Malmqky Posted November 6, 2023 Share Posted November 6, 2023 18 minutes ago, Luca said: Opened a position in OXY and added to AMR Am I cloning you? Starter in AMR, seriously considering OXY as well. Link to comment Share on other sites More sharing options...
Luca Posted November 6, 2023 Share Posted November 6, 2023 1 minute ago, Malmqky said: Am I cloning you? Starter in AMR, seriously considering OXY as well. Wise man, bought at market open, i am just getting into oil now, late to the party but had time to read up and listen to interviews etc, i am still seing value Link to comment Share on other sites More sharing options...
gfp Posted November 6, 2023 Share Posted November 6, 2023 OXY reports tomorrow FWIW Link to comment Share on other sites More sharing options...
Luca Posted November 6, 2023 Share Posted November 6, 2023 After reading more today, i sold my remaining stake in TSMC and added proceeds to AMR and OXY. Link to comment Share on other sites More sharing options...
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