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What are you buying today?


LowIQinvestor

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It is based on relative purchasing power, term spread and cash interest rates. The mexican peso right now is very undervalued on rppp (~35%) against the USD and ranks very high on term spread and interest rates. Ruerd Heeg on Seeking Alpha has some good articles on currencies.

 

Seems dangerous! I live in Mexico and we are about to elect a new president and part of congress. The candidate that’s leading (by a lot!) is clearly socialist and against market systems. This doesn’t mean that if he wins he is going to nationalize private companies or move against industry, nor that congress will approve such decisions, but he may control an important part of congress and indeed make some moves against free markets.

 

The peso is reflecting some of these fears and if I were to bet (I’m not), I would bet against the peso!

 

I base my investment decisions on facts, not on news or emotions. But hey, that makes a market. Maybe i am wrong.

 

Currency speculation is precisely that, speculation. And facts tend to be deceiving when dealing in an speculating environment, but seems you are comfortable and convinced of what you are doing. I was just trying to point you in the direction of some “facts” you consider news or emotions, so be my guest!

 

Still think the Mexican peso was undervalued?

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Vivendi SOTP indicates this is 50% + undervalued

 

UMG alone is worth $33B &

total market cap is currently $24B

 

Ticker: VIVHY

 

Anyone else looked at this lately? It seems crazy

https://variety.com/2020/music/global/vivendi-closes-sale-of-10-of-umg-to-tencent-led-consortium-1203549838/

 

https://www.bloomberg.com/news/articles/2020-04-20/vivendi-sales-gain-as-justin-bieber-helps-offset-hit-to-ad-unit

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Vivendi SOTP indicates this is 50% + undervalued

 

UMG alone is worth $33B &

total market cap is currently $24B

 

Ticker: VIVHY

 

Anyone else looked at this lately? It seems crazy

https://variety.com/2020/music/global/vivendi-closes-sale-of-10-of-umg-to-tencent-led-consortium-1203549838/

 

https://www.bloomberg.com/news/articles/2020-04-20/vivendi-sales-gain-as-justin-bieber-helps-offset-hit-to-ad-unit

 

Thanks for posting. I am invested in the Bollore orbit in other ways (ODET.PA) did some partial tax losses sales and decided to get back into this via Vivendi (the crown jewel) directly. The Universal music business alone covers the Vivendi so all the other business are for free so to speak. Universal music is a fantastic and growing cash cow and especially in the current environment  worth a very high multiple. VIV has increased their dividend and seems to be buying back shares. I very much like what I see.

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Took out the offer in QUCT. Not the first time this month either. It seems wrong buying on the way up though.

 

Besides thinly traded, quasi dark, insider controlled - anyone have a bear case on this one?

Is that like saying, "Other than that Mrs Lincoln, how was the play?"

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I bought more Berkshire b shares over the week.

No Berkshire Hathaway run-up in the shares this year before the annual meeting.

It will be interesting to see what Buffett bought and how the big businesses are doing.

However Berkshire shares are cheap and safe.  :)

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