constructive Posted March 13, 2014 Posted March 13, 2014 On a cash flow basis, Facebook doesn't look overvalued at all. If you annualize the last quarter they trade at 36x cash flow and 59x free cash flow. Then add another 9% dilution from Whatsapp. Not crazy, but clearly there is significant growth baked into the price.
argonaut Posted March 13, 2014 Posted March 13, 2014 @Peter1234 Thanks for the book URL...for those unfortunate folks with an ipad...do you see a PDF version and or can it be saved as one if it is free? Actually NM. I see there is a Kindle App for the ipad. Downloaded it and the book and all is fun!
randomep Posted March 13, 2014 Posted March 13, 2014 I saw HFNSA @ 120 today horray..... then oh wait..... I realize that was me adding to my position
DTEJD1997 Posted March 14, 2014 Posted March 14, 2014 I continue to buy junior producing miners. I managed to get some Rambler Metals! Stock is kind of thinly traded... They have a strong and improving balance sheet, having recently paid almost all of their debt. They have strong cash flow. They have a good mine, in the relatively stable country of Canada. Anybody else in this one, or know anything about it?
frommi Posted March 14, 2014 Posted March 14, 2014 Couldn`t stop myself from being greedy. Sold JPM, dipped a bit into margin and bought more KMI @ 31.6$. Its now my second largest holding at 9%.
fareastwarriors Posted March 14, 2014 Posted March 14, 2014 Couldn`t stop myself from being greedy. Sold JPM, dipped a bit into margin and bought more KMI @ 31.6$. Its now my second largest holding at 9%. So you're the one pushing the stock up....
frommi Posted March 14, 2014 Posted March 14, 2014 Couldn`t stop myself from being greedy. Sold JPM, dipped a bit into margin and bought more KMI @ 31.6$. Its now my second largest holding at 9%. So you're the one pushing the stock up.... Sorry. ;D
DCG Posted March 14, 2014 Posted March 14, 2014 Couldn`t stop myself from being greedy. Sold JPM, dipped a bit into margin and bought more KMI @ 31.6$. Its now my second largest holding at 9%. I added to KMI today as well.
frommi Posted March 21, 2014 Posted March 21, 2014 I don`t know if it was prudent, but i had to buy Bank of China (BACHY) today. Reduced my KMI holding back to where it should be.
CorpRaider Posted March 24, 2014 Posted March 24, 2014 VOD Combo of enhanced bid for Ono and AT&T comments causing weakness. Ono bid appears expensive at 10X 2014E EBITDA. I'm comforted by the fact that Liberty Global finds the assets attractive, and VOD will be able to extract synergies via bundling with current Spanish offerings. AT&T comments (see here: http://www.mobileworldlive.com/att-ceo-plays-hopes-vodafone-bid-report) are shenanigans. It takes years to invest in mobile networks, and now all a sudden AT&T is hesitant to invest in Europe b/c other operators have begun to move? Three months ago T thought Europe was attractive.... I'm getting interested in this. I like the moves they are making, and they sort of give me comfort that they would rationally evaluate any interest from potential acquirers. Seems like worst case scenario, you get paid to wait until EM growth kicks in.
buylowersellhigh Posted March 24, 2014 Posted March 24, 2014 I wrote puts on AIG this morning. Thanks, Lance What puts did your write?
moody202 Posted March 25, 2014 Posted March 25, 2014 April 4 $50 strikes. Just curious what your thought process is with the puts!
Lance Posted March 25, 2014 Posted March 25, 2014 Hi moody202 - no investment thesis or any interesting insight here. That date coincides with the $52.50 AIG calls I sold against shares I purchased some time ago. If they are put to me at $50 I will sell calls on them, along with the expiring $52.50 calls (assuming they are not called away) at the $50 strike price in May. I sell puts and calls on AIG quite a bit. The premiums are decent and AIG sort of moves back and forth around $50. Not too exciting but it scratches my urge to do something. Thanks, Lance
Mikenhe Posted March 25, 2014 Posted March 25, 2014 BP - for the same price that I sold them for 3 years ago...
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