Casey Posted February 26, 2020 Posted February 26, 2020 Not much yet. I think we have weeks or more of worse Coronavirus news to go. It would surprise me if Trump & the fed can paper over it.
Gregmal Posted February 26, 2020 Posted February 26, 2020 On one end, much of this is overdone, especially if you are investing in US isolated companies. I can think of plenty that have gotten wrecked. On the other end, the market had no business going up 10% or whatever the past few months, for practically no reason. So I guess much of it is a wash. As always, life is a lot easier when you focus on specific investment you know well.
Lance Posted February 26, 2020 Posted February 26, 2020 Bought CXW and GEO and wrote puts on GEO. Thanks Lance
kab60 Posted February 26, 2020 Posted February 26, 2020 50 pct. more AMA Group after my quickest 30 pct. loss :o
compoundinglife Posted February 26, 2020 Posted February 26, 2020 Some yesterday and some today. VDE as a spec. MSG, MSGN, DD, IBKR. Also rebalancing a UPRO/TMF paired position idea I am playing with, found the idea on boggleheads.
Gregmal Posted February 26, 2020 Posted February 26, 2020 Added a small bit to MSG at 272. Algos are going bananas today
Spekulatius Posted February 26, 2020 Posted February 26, 2020 Added a small bit to MSG at 272. Algos are going bananas today Not Algos, they depend on live events which might get cancelled if things go Corona south. MSGN is tied to the same mast.
Gregmal Posted February 26, 2020 Posted February 26, 2020 Added a small bit to MSG at 272. Algos are going bananas today Not Algos, they depend on live events which might get cancelled if things go Corona south. MSGN is tied to the same mast. The volume surges definitely seem like algos, and zip within ranges quite noticeably. Either way, at worst, this is a one off hardship assuming its full blown Resident Evil. Hardly enough to impair the value 10% when it's already discounted 20%+. Just markets being skittish. Could be worse. Like AMC.
brycepeterson Posted February 26, 2020 Posted February 26, 2020 I bought more LGL Group (LGL) at $11.50 to $12.50. Sells products to defense industry. Down from $16 last couple days on both the general market / virus and reported lower bookings in 4Q19. Big picture - my estimate for 2020 - LGL will earn $2 million to $4 million FCF on enterprise value of $38 million (at $11.75 stock price). Did $1.75 million FCF in 2018 & I estimate about $3.25 million in 2019. Has an ownership in a SPAC, that, if successful in finding an acquisition, can materially move the stock price. (Lottery ticket that's not priced into shares at all.) Mario Gabelli owns over 20%. Can't remember exact ownership figure. Good price, good business, with motivated management and owners. Good luck all :)
KJP Posted February 26, 2020 Posted February 26, 2020 Rosetta Stone Black Stone Minerals Tandy Leather Factory
Spekulatius Posted February 27, 2020 Posted February 27, 2020 Added a small bit to MSG at 272. Algos are going bananas today Not Algos, they depend on live events which might get cancelled if things go Corona south. MSGN is tied to the same mast. The volume surges definitely seem like algos, and zip within ranges quite noticeably. Either way, at worst, this is a one off hardship assuming its full blown Resident Evil. Hardly enough to impair the value 10% when it's already discounted 20%+. Just markets being skittish. Could be worse. Like AMC. I know I repeat myself regarding MSG, but “fear the sphere” (in Las Vegas) is a bigger concern than a virus induced zombie apocalypse for me. I can see already the news headlines about cost overruns first and a $500M write down next. Anyways, added to PSX and a bit more DFS, STAY and FRA.DE
Agrippa07 Posted February 27, 2020 Posted February 27, 2020 added to my recently opened position in Ab Inbev
scorpioncapital Posted February 27, 2020 Posted February 27, 2020 Some BRK.B @1.23 P/B Same..every time I scan the market brk seems imminently reasonable at these prices, although be sure to adjust for inevitably lower mark to market equity portfolio. Probably it's closer to 1.3 but still reasonable.
Gregmal Posted February 27, 2020 Posted February 27, 2020 Added a small bit to MSG at 272. Algos are going bananas today Not Algos, they depend on live events which might get cancelled if things go Corona south. MSGN is tied to the same mast. The volume surges definitely seem like algos, and zip within ranges quite noticeably. Either way, at worst, this is a one off hardship assuming its full blown Resident Evil. Hardly enough to impair the value 10% when it's already discounted 20%+. Just markets being skittish. Could be worse. Like AMC. I know I repeat myself regarding MSG, but “fear the sphere” (in Las Vegas) is a bigger concern than a virus induced zombie apocalypse for me. I can see already the news headlines about cost overruns first and a $500M write down next. Anyways, added to PSX and a bit more DFS, STAY and FRA.DE I do think the sphere may be a problem... but... a lot of thought and conversations have led me to believe that the exact scenario you describe, costs getting out of hand, will force Dolan to pull the trigger on an asset sale. People have already wrote down the net cash position because of the sphere. If any extra $300-500M in costs present themselves it almost certainly puts a lid on Sphere London, and most likely forces Dolan to go to market with some assets. The scenarios Ive heard are that following the spin, the sports assets become the ATM. His real interests are the entertainment business and the RSNs. Probably in that order.
rkbabang Posted February 27, 2020 Posted February 27, 2020 Added to BRK.B at $211.xx Sold some GOOG yesterday and just used about half of it to buy BRK.B today.
Gregmal Posted February 27, 2020 Posted February 27, 2020 NVTA, to close out a short position. Covered a little PLUG too. Also added some BRK
Gregmal Posted February 27, 2020 Posted February 27, 2020 TQQQ with a stop at $80. Just a short term trade in the event we bounce
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