ourkid8 Posted July 21, 2022 Posted July 21, 2022 (edited) I rolled some of my gains from RFP into ATCO. Edited July 21, 2022 by ourkid8
Gregmal Posted July 22, 2022 Posted July 22, 2022 Finally bought a FAANG. Fuck Snapchat and Twitter, both bs companies. META is too dominant and too cheap.
CorpRaider Posted July 22, 2022 Posted July 22, 2022 (edited) I thought you Hodl'd the Goog? Edited July 22, 2022 by CorpRaider
Gregmal Posted July 22, 2022 Posted July 22, 2022 7 minutes ago, CorpRaider said: I thought you Hodl'd the Goog? Nah I painfully kicked it earlier in the year. It hurt so bad saying goodbye to the GOOGs, MSFTs, WMs, and COSTs, but thats part of the reason it was time for them to go. FB or EBAY gets you your cash back a whole lot quicker if we need to rely on real earnings and not multiple expansion.
CorpRaider Posted July 22, 2022 Posted July 22, 2022 4 minutes ago, Gregmal said: Nah I painfully kicked it earlier in the year. It hurt so bad saying goodbye to the GOOGs, MSFTs, WMs, and COSTs, but thats part of the reason it was time for them to go. FB or EBAY gets you your cash back a whole lot quicker if we need to rely on real earnings and not multiple expansion. Yeah I follow that logic.
Red Lion Posted July 22, 2022 Posted July 22, 2022 3 hours ago, Gregmal said: Finally bought a FAANG. Fuck Snapchat and Twitter, both bs companies. META is too dominant and too cheap. I'm short $175 PUTS expiring today, so looks like I'll be buying META today too.
n.r98 Posted July 22, 2022 Posted July 22, 2022 4 hours ago, Gregmal said: Finally bought a FAANG. Fuck Snapchat and Twitter, both bs companies. META is too dominant and too cheap. What's the gameplan? Is it a dejavu trade like last Q or more a mid/lt hold.
Gregmal Posted July 22, 2022 Posted July 22, 2022 15 minutes ago, n.r98 said: What's the gameplan? Is it a dejavu trade like last Q or more a mid/lt hold. Only buying things right now that I’d hold for at least 2-3 years, PSTH aside. It’s a starter position at 174, if we get better prices I’d like to make it bigger. Feel like 174 is a great entry for a starter. Unlike the other fangs this is truly hated and truly cheap. Advertising has become a duopoly. So it should work under any number of circumstances.
changegonnacome Posted July 22, 2022 Posted July 22, 2022 2 hours ago, Gregmal said: Advertising has become a duopoly. So it should work under any number of circumstances. Yep I agree on the digital advertising front - curious thing this cycle is that in the last recession digital advertising was like 13% of total ad budgets i think.....Google escaped unscathed that time as aggregate budgets got slashed but its segment remained resilient......this time around digital ad spend is almost 50% of total ad spend........so today when ad budgets get slashed you cant not cut your digital spend and get where you need to be from a budgeting perspective you HAVE to cut GOOG & FB........some GOOG holders are going to be shocked & stunned to find it not growing its top line 20% YoY & dump IMO....I think its the best god damn business in the world and pray and hope it gets cheap-ish.
Gregmal Posted July 22, 2022 Posted July 22, 2022 Yea on an absolute basis I’d much rather own Google. But FB is like half the valuation and I am a little more optimistic about metaverse project than most. It’s almost like Sphere where everyone is so negative it’s more than priced in. Plus, again, not a popular stance, but I love the autistic founder hellbent on destroying anyone challenging him. Zuck is a warrior who’s demonstrated an ability to create tremendous value.
sleepydragon Posted July 23, 2022 Posted July 23, 2022 Google just announced they have a new board member who used to be a senior partner at Goldman. That to me a bearish news. This guy belongs to the group of managers at GS after 2008 who enriched themselves in the name of cost cutting and driving efficiency yet lose tons of profit generating employees to JPM. It’s possible he got the skill that google needs, which is cost cutting.
Red Lion Posted July 25, 2022 Posted July 25, 2022 8 minutes ago, Gregmal said: Bought some slight OTM Aug 2 VIX calls. Do you buy the calls on the futures, or are you using an ETF?
Gregmal Posted July 25, 2022 Posted July 25, 2022 4 minutes ago, RedLion said: Do you buy the calls on the futures, or are you using an ETF? futures. this week basically has it all. so with a 23 VIX I think its a good hedge with lots of potential torque. Even back to 30 is several x.
spartansaver Posted July 25, 2022 Posted July 25, 2022 4 minutes ago, Gregmal said: futures. this week basically has it all. so with a 23 VIX I think its a good hedge with lots of potential torque. Even back to 30 is several x. With WMT release this is already looking nice.
Red Lion Posted July 26, 2022 Posted July 26, 2022 Bought CUSIP 91282CCA7. Inflation adjusted treasury maturing April 15, 2026 with a 0.25% real YTM.
Red Lion Posted July 26, 2022 Posted July 26, 2022 Added a bit to META. Have $170 PUTS expiring this Friday that I rolled over from last week's $175 PUTS, so acquiring quite a bit more this way.
backtothebeach Posted July 26, 2022 Posted July 26, 2022 CRBU, picked up a few before close. Market was a sea of red today, CRBU has been strong over the last weeks and today up 3%. Maybe something is brewing.
Spekulatius Posted July 26, 2022 Posted July 26, 2022 I have been adding GOOGL today and yesterday. It has become one of my larger positions.
DooDiligence Posted July 26, 2022 Posted July 26, 2022 2 minutes ago, Spekulatius said: I have been adding GOOGL today and yesterday. It has become one of my larger positions. Me 2 I have about 2/3 of what I want for a 10+ year hold.
Seoshin Posted July 27, 2022 Posted July 27, 2022 On 7/15/2022 at 10:47 AM, ourkid8 said: Look... (As Bruce Flatt says before every statement) 1. Significant amount of capital waiting to be deployed. The current market environment provides management an opportunity to take advantage of market dislocation. Here is one large acquisition they just announced today: https://www.reuters.com/business/deutsche-telekom-announces-175-bln-euro-sale-tower-business-2022-07-14/ 2. Uses 25-30% of it's own capital to invest alongside clients to ensure interests are aligned. This gives me some comfort they will be cautious to not overpay for acquisitions 3. Real estate: High quality spaces are highly sought after and rents are up ~30% pre-pandemic 4. Superstar management team with a goal to compound at 20% going forward 5. Macro view on inflation: When there is inflation, revenue increase greater than expenses and more drops to the bottom line and over time it compounds. Inflation is very positive for real assets. I can keep on going but BAM is a undervalued high quality company who owns core backbone infrastructure which can compound at high rates for decades. Its my favourite type of business to own. btw: I just added to my position earlier in the morning. This is such a great summary of your thesis. Glad you did not go the valuation route as it is really hard to do so. Well for me. Also bought more last week!
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