Ross812 Posted April 6, 2021 Share Posted April 6, 2021 Added to BTI and RPAR. Added BABA a couple weeks ago - I want to be in the club too... Link to comment Share on other sites More sharing options...
wabuffo Posted April 6, 2021 Share Posted April 6, 2021 (edited) Keep in mind FWIW that Munger's foreign investments haven't done as well as his WFC, BAC, USB US bank investments (or that 10% corporate bond that he bought and sold). - Posco (PKX) - sold most of it at break-even to a loss. Did a writedown during his ownership for acctg purposes. - 005389.KS (Hyundai Pfd 3) - sold all of it at a loss. Did a writedown during his ownership for acctg purposes. - 1211.HK - his initial purchases back in 2011 didn't do great and he wrote down most of it to FMV. Its performance has largely been due to its big pop in 2020 - otherwise its been "meh" for most of his holding period. He sold probably 15% of it last year IIRC (too early - before the pop). Probably sold another 25% this Q to fund the BABA purchase. Not saying it won't work out. Just pointing out the mixed-track record of buying/selling Asian stocks. wabuffo Edited April 6, 2021 by wabuffo Link to comment Share on other sites More sharing options...
Lakesider Posted April 6, 2021 Share Posted April 6, 2021 Bought more BABA Link to comment Share on other sites More sharing options...
Gregmal Posted April 6, 2021 Share Posted April 6, 2021 BABA is the new Verizon it seems. Link to comment Share on other sites More sharing options...
Spekulatius Posted April 6, 2021 Share Posted April 6, 2021 Interesting crowd behavior. I don't think Munger would have anything to add that hasn't been discussed before as far as pro's and con's of BABA are concerned. Li Liu's opinion I think count's more. Link to comment Share on other sites More sharing options...
cubsfan Posted April 6, 2021 Share Posted April 6, 2021 On 10/28/2020 at 12:40 PM, wabuffo said: NVEC - small cap ($225m mkt cap). Consistent, after-tax net income margins of 45-55% year-after-year. Dividend yield of 8.5% currently. Nice, safe, boring, little Minnesota tech company. wabuffo Sold rest of NVEC today - thanks for the great idea Wabuffo! Link to comment Share on other sites More sharing options...
DooDiligence Posted April 6, 2021 Share Posted April 6, 2021 1 hour ago, wabuffo said: Keep in mind FWIW that Munger's foreign investments haven't done as well as his WFC, BAC, USB US bank investments (or that 10% corporate bond that he bought and sold). - Posco (PKX) - sold most of it at break-even to a loss. Did a writedown during his ownership for acctg purposes. - 005389.KS (Hyundai Pfd 3) - sold all of it at a loss. Did a writedown during his ownership for acctg purposes. - 1211.HK - his initial purchases back in 2011 didn't do great and he wrote down most of it to FMV. Its performance has largely been due to its big pop in 2020 - otherwise its been "meh" for most of his holding period. He sold probably 15% of it last year IIRC (too early - before the pop). Probably sold another 25% this Q to fund the BABA purchase. Not saying it won't work out. Just pointing out the mixed-track record of buying/selling Asian stocks. wabuffo I sized it accordingly (smallish at 1.6%) mainly because of the aforementioned issue re: Chinese ADR’s. www.reuters.com/article/us-usa-sec-foreigncompanies/chinese-tech-stocks-slump-as-u-s-sec-begins-rollout-of-law-aimed-at-delisting-idUSKBN2BG2AI I think it’s worth a shot since I missed out on Amazon. Link to comment Share on other sites More sharing options...
wabuffo Posted April 6, 2021 Share Posted April 6, 2021 Sold rest of NVEC today - thanks for the great idea Wabuffo! Link to comment Share on other sites More sharing options...
ourkid8 Posted April 7, 2021 Share Posted April 7, 2021 Additional BABA Link to comment Share on other sites More sharing options...
kab60 Posted April 7, 2021 Share Posted April 7, 2021 Planetel SpA, small Italian fiber telco which IPO'd in december. Insiders didn't sell a share and own most of the stock. User growth of 20 pct. in 2020, ebitda up 35 pct. y/o/y, long runway for growth and massive margin expansion yet trades at 6,5x21 ebitda versus local peer Intred which is closer to 14x. Analyst has it at 4,4x2022 ebitda. Potential multibagger with a combination of revenue growth, margin and multiple expansion. Link to comment Share on other sites More sharing options...
Castanza Posted April 7, 2021 Share Posted April 7, 2021 ETSY Link to comment Share on other sites More sharing options...
alpha Posted April 7, 2021 Share Posted April 7, 2021 Followed the crowd and started a small position in BABA Link to comment Share on other sites More sharing options...
nwoodman Posted April 7, 2021 Share Posted April 7, 2021 39 minutes ago, alpha said: Followed the crowd and started a small position in BABA +1 although purchase was via HKSE (9988.HK) Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 8, 2021 Share Posted April 8, 2021 Added to JBGS Link to comment Share on other sites More sharing options...
Gregmal Posted April 8, 2021 Share Posted April 8, 2021 Shorted a little more ARKG today. Link to comment Share on other sites More sharing options...
Castanza Posted April 8, 2021 Share Posted April 8, 2021 PCYO Link to comment Share on other sites More sharing options...
gaurav_s Posted April 9, 2021 Share Posted April 9, 2021 A whole lot of BABA Link to comment Share on other sites More sharing options...
Baklava Posted April 9, 2021 Share Posted April 9, 2021 Bought more BABA Link to comment Share on other sites More sharing options...
KJP Posted April 9, 2021 Share Posted April 9, 2021 Here's a podcast specifically about this thread: https://focusedcompounding.libsyn.com/website/ep-304-thoughts-on-10-different-stocks-reits-msgmsgn-and-a-bull-case-for-amazons-stock Link to comment Share on other sites More sharing options...
Castanza Posted April 9, 2021 Share Posted April 9, 2021 $ATCO $5.56 $9MM Link to comment Share on other sites More sharing options...
LearningMachine Posted April 9, 2021 Share Posted April 9, 2021 (edited) On 4/6/2021 at 9:34 AM, wabuffo said: Keep in mind FWIW that Munger's foreign investments haven't done as well as his WFC, BAC, USB US bank investments (or that 10% corporate bond that he bought and sold). - Posco (PKX) - sold most of it at break-even to a loss. Did a writedown during his ownership for acctg purposes. - 005389.KS (Hyundai Pfd 3) - sold all of it at a loss. Did a writedown during his ownership for acctg purposes. - 1211.HK - his initial purchases back in 2011 didn't do great and he wrote down most of it to FMV. Its performance has largely been due to its big pop in 2020 - otherwise its been "meh" for most of his holding period. He sold probably 15% of it last year IIRC (too early - before the pop). Probably sold another 25% this Q to fund the BABA purchase. Not saying it won't work out. Just pointing out the mixed-track record of buying/selling Asian stocks. wabuffo Munger was also a big fan of Tesco at one point to the point of saying "Tesco is God Almighty in England". He led Berkshire into making an investment in Tesco, but it had to be sold at a loss. Edited April 9, 2021 by LearningMachine Link to comment Share on other sites More sharing options...
RichardGibbons Posted April 9, 2021 Share Posted April 9, 2021 (edited) On 3/5/2021 at 4:51 PM, RichardGibbons said: Bought some UAN Aug $30 calls. Because why wouldn't one want to make a leveraged bet on a company whose business strategy is basically "take on huge operational leverage and then wait for fertilizer prices to increase"? Double the leverage, double the fun! (This describes why UAN is an interesting speculation. Note that the price of UAN32 fertilizer futures have almost doubled YoY, with almost all that increase coming in the past two months. If today's prices hold for six months, I think the options will work out well. If not, they will likely be worthless.) I rolled these calls over in to UAN AUG $50 calls. The original calls cost $2.60 and I sold them for around $19. My belief that Canadian capital gains taxes might increase on April 19 played a role in the decision to make the trade right now. Edited April 10, 2021 by RichardGibbons Link to comment Share on other sites More sharing options...
Jmac42600 Posted April 9, 2021 Share Posted April 9, 2021 Bought some BABA Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 9, 2021 Share Posted April 9, 2021 Some APTS Link to comment Share on other sites More sharing options...
Gregmal Posted April 10, 2021 Share Posted April 10, 2021 9 hours ago, KJP said: Here's a podcast specifically about this thread: https://focusedcompounding.libsyn.com/website/ep-304-thoughts-on-10-different-stocks-reits-msgmsgn-and-a-bull-case-for-amazons-stock Not sure if this is a talk show or what, if any financial background the guys have, but I watched a few minutes because someone sent me a link saying they talked about APTS. For one, if you look at ~$300M in NOI, and then (incorrectly) look at a $3B EV, and dont conclude this is 1) too good to be true, and 2) something must be off otherwise its the bargain of a lifetime...well, I think that says a lot. It certainly doesnt scream "financially in the know", at least to me. Otherwise, this exact process is a big part of the reason PAC is where it is, and the opportunity exists. I mean, people, qualified people, looked at SPG at $50/60/70 post covid crash and wanted nothing to do with it. And thats the cream of the crop, A rated credit company. So its no wonder a company like PAC gets left for dead. Microcap REIT. Still probably listed as externally managed. Profile says MF, retail, and office. $2.5B+ in debt against ~350M in market cap. Cut dividend. Still with me? Well, maybe you are you brave and diligent soul...and then you dig into the filings and boom get the whole $2B+ of preferred dropped on your head....at which point even the most arduous person probably goes, OK, fuck this...pass. Those clouds shall pass though. Link to comment Share on other sites More sharing options...
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