Castanza Posted May 14, 2020 Share Posted May 14, 2020 Small adds to RTX, BRK, WFC (yee haw) Link to comment Share on other sites More sharing options...
longlake95 Posted May 14, 2020 Share Posted May 14, 2020 UL and SBUX Link to comment Share on other sites More sharing options...
LC Posted May 14, 2020 Share Posted May 14, 2020 Sold all the WFC I bought yesterday - will take any profits where I can get them to lower my cost basis on this one. Link to comment Share on other sites More sharing options...
bizaro86 Posted May 14, 2020 Share Posted May 14, 2020 ALX Link to comment Share on other sites More sharing options...
LC Posted May 18, 2020 Share Posted May 18, 2020 Littel PM, Brk, Cloudflare Sold 15% of Livenation that was purchased in the prior week. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 19, 2020 Share Posted May 19, 2020 Added to HDG.AS (Hunter Douglas ) recently. World leader in window coverings. Cheap and low leverage (debt ~1x EBITDA) . Family run (83%+ owned) and quite illiquid. Bought some before COVID-19 and averaged down after surprisingly good Q1 results. They sure will take a hit from COVID-19 downturn, but it just seems to cheap. http://investor.hunterdouglasgroup.com/news-releases/news-release-details/hunter-douglas-results-q1-2020 Link to comment Share on other sites More sharing options...
Gregmal Posted May 20, 2020 Share Posted May 20, 2020 re bought VNO, added more SPG Link to comment Share on other sites More sharing options...
Castanza Posted May 20, 2020 Share Posted May 20, 2020 MSGE, SNE Link to comment Share on other sites More sharing options...
LC Posted May 20, 2020 Share Posted May 20, 2020 Bought some more Cloudflare Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 20, 2020 Share Posted May 20, 2020 Bought some more Cloudflare You need to update your signature with your updated holdings :) Link to comment Share on other sites More sharing options...
LC Posted May 20, 2020 Share Posted May 20, 2020 Bought some more Cloudflare You need to update your signature with your updated holdings :) Done! But I warn you keeping track of my holdings is a depressing activity :D Cloudflare is one of those companies that I used myself a few times. Industry-opinion is good, product is good, I have heard it described as "there is fast becoming no real good alternative". So great product but economics-wise, I mean you can see the financials for yourself. But I think they have a decent shot at sustainable organic growth or as an acquisition target. I think unlike a lot of the tech-bro stocks out there, in my very humble opinion they actually deliver value. Right now I am just nibbling at it as I do more research and understand the business and competitive landscape more. And need to see how the economics play out over a bit. Livenation is a bit more well-understood so not much additional to say there. IMHO a good business, just temporarily depressed due to COVID of course. Link to comment Share on other sites More sharing options...
LC Posted May 20, 2020 Share Posted May 20, 2020 Yes particularly as the company grows (and investors start foaming at the mouth) the IR & Marketing decks go into overdrive bullshit mode. Need to find the nerds on stackexchange, ycombinator, etc. eg: https://news.ycombinator.com/item?id=19367119 I'm looking at Akamai as well. Link to comment Share on other sites More sharing options...
valueinvestor Posted May 28, 2020 Share Posted May 28, 2020 SHOP AND SEA LTD. BOUGHT CONTURA ENERGY (Speculative Play - Almost Like Pabrai's Teck bet). Link to comment Share on other sites More sharing options...
Ice77 Posted May 28, 2020 Share Posted May 28, 2020 SECB PM Link to comment Share on other sites More sharing options...
kab60 Posted May 29, 2020 Share Posted May 29, 2020 More Cambria Automotive and Cast SA the other day, now it is time to just wait and delever Link to comment Share on other sites More sharing options...
LC Posted May 29, 2020 Share Posted May 29, 2020 I bought some LYV yesterday. Link to comment Share on other sites More sharing options...
york Posted May 29, 2020 Share Posted May 29, 2020 BB Link to comment Share on other sites More sharing options...
valueinvestor Posted May 29, 2020 Share Posted May 29, 2020 BB Would love to know your insights about it? Are you buying it because it's cheap on as asset basis where essentially 10% of market cap is cash or do you have any insights that their earnings will grow at a healthy clip which will rerate the stock? Link to comment Share on other sites More sharing options...
york Posted May 30, 2020 Share Posted May 30, 2020 BB Would love to know your insights about it? Are you buying it because it's cheap on as asset basis where essentially 10% of market cap is cash or do you have any insights that their earnings will grow at a healthy clip which will rerate the stock? You're correct in saying their balance sheet is very attractive. I couple things I'm thinking about regarding BB: 1. I think they have done a great low key job in becoming the "Shopify" of online security and protection (WFH, combined with current political and economic stress are doing a great job in filling these sails.) 2. I would say Prem has done a great job in helping them find and define their circle of competence - and more importantly execute on it. 3. In the transcript of Q4 John Chen said: BlackBerry has taken a number of steps to help the global community, including enabling remote working for our customers and employees, and we are taking the lead by offering a limited licence of our enterprise software products free to organizations around the world for 60 days. I think this impromptu "freemium" service is going to prove to be one of the best business decisions that BB has made in the past decade. There will be some customers sticking around on Day 61 - that is a Mark Messier guarantee. 4. Shopify is creating a vacuum which should be backfilled by smaller Canadian tech companies. April ETF data showed an increase of 25% MoM in Tech Equity AUM. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 31, 2020 Share Posted May 31, 2020 I'm buying puts on BURL. Retailer with 100% of stores closed indefinitely, with no sales on website, because they closed it last year (!), and trading for over 20x trailing profits. If they are closed for months, they will have stale inventory, This is an interesting problem for clothing retailers, or anyone else that sells seasonal goods. How far in advance does the typical clothing retailer acquire inventory, e.g., by mid-march I assume most winter clothing is already gone. Is the mid-march inventory primarily spring or summer clothes? Either way, it seems like there is going to be alot of out-of-season clothing around. Would off-price discounters benefit from that? Also, someone's going to have to eat most of that. Will brands take some of it back? Maybe off-price can buy tons of stuff cheap, but who wants Easter stuff after the holiday? How many people just don't need new swimsuits at any price if they are cancelling their trip to Hawaii? Plus, we were at all time high consumer sentiment in February....how's consumer sentiment now? All of my friends are delaying or cancelling vehicle/house purchases, and sticking to the necessities, even if they have money. Who is going "shopping" even if stores re-open? And to what extent was BURL's target market (women with incomes $25k-100k) affected financially? Well, they showed a huge loss as predicted, but BURL stock is up ~20% since this post. It’s strange, the balance sheet is in much worse shape, but yet the stock and in particular the EV is higher now than pre-COVID, despite far worse fundamentals. I know they mentioned higher sales in the stores they are open, but still, that’s a lot to pay for some green shoots in a scorched yard, imo. Link to comment Share on other sites More sharing options...
york Posted June 1, 2020 Share Posted June 1, 2020 MDI Shares (adding to June 19 $4 Calls) Link to comment Share on other sites More sharing options...
LC Posted June 1, 2020 Share Posted June 1, 2020 Bought a tiny bit of Berkshire. Link to comment Share on other sites More sharing options...
LC Posted June 3, 2020 Share Posted June 3, 2020 Again a little bit of Berkshire, some Livenation as well. Link to comment Share on other sites More sharing options...
sleepydragon Posted June 3, 2020 Share Posted June 3, 2020 Added a bit to BRKb And bought a bit of BIIB Link to comment Share on other sites More sharing options...
kab60 Posted June 3, 2020 Share Posted June 3, 2020 A bit of Lion Rock Group - trading below NCAV, good business in a tough industry, fantastic owner-operator - normally pays out about 75m in dividends (growing) versus 580m marketcap atm, but took dividend down a bit and did a spinoff of a listed sub recently. Well positioned to handle trade war after establishing a large presence outside of China. Link to comment Share on other sites More sharing options...
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