What are you buying today?

[matthew2129]

UMG starter position

[fareastwarriors]

PCYO and BAM

[formthirteen]

Bought ATCO earlier this and last week below 14. Seemed like a good deal at the time. Also bought some BAM and ONEX.

 

Not sure BAM is a good buy, it might start trading like a REIT. Have pretty much avoided the meltdown in REITs so far by selling early but should probably start getting back in. REITs in Europe are not looking good...

[sleepydragon]

Bought intc and added to uber 

[Dinar]

Bought more VRE - 8% cap rate here unless I screwed up my math.

[Gregmal]

7 minutes ago, Dinar said:

Bought more VRE - 8% cap rate here unless I screwed up my math.

Yea you’d think they own toxic mold or something. But trading action not totally unexpected given the optics. 25 bps up on the 10 year is the new 200 more COVID cases for REITs. 

[Dinar]

30 minutes ago, Gregmal said:

Yea you’d think they own toxic mold or something. But trading action not totally unexpected given the optics. 25 bps up on the 10 year is the new 200 more COVID cases for REITs. 

The company needs an activist.  I do not understand why corporate overhead is $40MM per annum, take a look at their website - a bunch of people who in my opinion should not be there.  Also, they need to start buying back stock hand over fist, no way you can buy these assets at 5.5% cap rate in the private market, at 5.5% cap rate this is a $24 stock

[Gregmal]

3 minutes ago, Dinar said:

The company needs an activist.  I do not understand why corporate overhead is $40MM per annum, take a look at their website - a bunch of people who in my opinion should not be there.  Also, they need to start buying back stock hand over fist, no way you can buy these assets at 5.5% cap rate in the private market, at 5.5% cap rate this is a $24 stock

The company is basically run by an activist hedge fund. It’s gonna happen.  Something. Balance sheet needs work but it’s small enough to be swallowed easily.

[CorpRaider]

I was looking at EQR and CLPR today.  Actual cash in my pocket of 4% and 5.6%

[fareastwarriors]

On 10/7/2022 at 2:44 PM, CorpRaider said:

I was looking at EQR and CLPR today.  Actual cash in my pocket of 4% and 5.6%

 

I picked up more CLPR this morning.

 

nyc apartments are worth something right? 

[Castanza]

Added to PCYO, BRKB, MSGE, MSGS, JOE, ALCO, GOOG in the Roth

[DooDiligence]

More BRK.B, DPZ and GOOGL

[changegonnacome]

HSW

[Red Lion]

Opened a starter position in ALCO with fills from $28.06-$28.20 (I started buying this in the after hours on Friday with a partial fill). 

 

Thanks @Gregmal for putting me on to this one. 

[Red Lion]

New starter position in CLPR at $6.66. 

[Gregmal]

Took a loss on META and bought Nintendo along with some VIX 40s

[CorpRaider]

5 hours ago, fareastwarriors said:

 

I picked up more CLPR this morning.

 

nyc apartments are worth something right? 

I mean, they have residual value as conversion to office space plays if nothing else.  haha!  SLG

Edited October 10, 2022 by CorpRaider

[Dalal.Holdings]

USB under 40

[DooDiligence]

More SMH because damn, semi designers, fabs and semicaps look cheap, and more importantly, necessary. There will be lumpiness.

 

FWIW, I'm all in now and have set aside a generous pile of untouchable / un-investable cash to cover expenses until early to mid-2025.

 

Those who've been hoarding investable funds can now fully expect to be accommodated with a huge overall market drop.

[dipod]

Sold 10/14 $39 USB puts for $0.85. Nice premium and also lowers cost basis. Net cost basis with assignment places one at a 5%+ dividend yield for a stock offering strong capital appreciation prospects.

Also adds to ALCO.

Edited October 11, 2022 by dipod

[UK]

UMG, GOOGL, some META and some TSLA puts, to offset possible premature accumulation:)

[Spekulatius]

PAOHY, USB, LEVI, TSM are my latest adds.

Edited October 11, 2022 by Spekulatius

[ourkid8]

More BAM. 

[gokou3]

More BAM, <US$40

[Red Lion]

Big slug of T- bills maturing 10/31.