What are you buying today?

[CorpRaider]

Clippah

 

Edited February 9, 2023 by CorpRaider

[Red Lion]

1 hour ago, StevieV said:

Well, now I know what you thought of the earnings report without asking.

 

Seems pretty crazy to sell off shares because of higher expenses that seem to be largely related to the Griffin acquisition which seems obviously related to Apollo's plans to supercharge retail HNW fundraising. I haven't fully parsed everything yet, I'm halfway through the CC now and read the press releases, and I see the stock thesis intact and in play. 

 

I hesitate to buy more because I'm technically a little bit over my maximum allocation here, but business is good and I think I'll be upping my stock max position sizes (by invested capital not market value) in the next few months. 

 

Meanwhile, the market seems to be ignoring the rollout of insurance sidecar #2 which management expects will be bigger than #1 and will take up a larger % of new Athene annuities than sidecar #1, thus creating additional fees and turning their "asset heavy" insurance business back to a more asset light mix over time. This seems like great news to me. 

 

 

Edited February 9, 2023 by RedLion

[rkbabang]

Jan 2025 Overstock $40 calls

 

 

[fareastwarriors]

43 minutes ago, CorpRaider said:

Clippah

 

CLPR?

 

[CorpRaider]

8 minutes ago, fareastwarriors said:

 

CLPR?

 

Yah.  In the interest of disclosure, I've been taking crazy pills about buying these big REITs at like Detroit SFH rental home multiples and listening to real estate grifter audiobooks.

  

 

Edited February 9, 2023 by CorpRaider

[Spooky]

7 minutes ago, CorpRaider said:

listening to real estate grifter audiobooks

 

Any good ones?

[CorpRaider]

7 minutes ago, Spooky said:

 

Any good ones?

Nah, just Kyosaki.  I like the first few chapters of RD,PD and CF-Q.  Listened to the UHAL and EQC calls recently too, could be relevant.  EQC likes self storage and SFH.  Variant perception there.

Edited February 9, 2023 by CorpRaider

[fareastwarriors]

1 hour ago, Castanza said:

GOOGL

 

 

 

 

 

+1

 

 

 

[throw123]

nestle 

[Red Lion]

Held my nose and added a very few shares of ARES. The valuation is high, but if the growth runway keeps up this can still be a great return over 5 years. Would look to build this up to a full position anywhere in the $50s but that looks unlikely. 

Edited February 10, 2023 by RedLion

[no_free_lunch]

Bought some of biotechnology company Amgen AMGN.  This company has performed stellar over the last 10, 20, 30 years. I don't fully understand the business but they seem to have a small tech moat.  It trades around 14x 2023 earnings , quite reasonable.  I've traded in and out of this one for over a decade and while it's not crazy cheap i think this is a good price and better than the alternatives I'm seeing. 

 

Also i continue to sell things, meta for instance and build up cash.  

Edited February 12, 2023 by no_free_lunch

[wescobrk]

I bought some shares of a company that completed a spac two weeks ago with a 170k share float on the expectation there will be a short squeeze at some point.

[Saluki]

Bought the last bit of VTS that I wanted to buy for a full position size.  Added a little more to SWBI and TV (can't get to full position size unless I sell something else).  

[Saluki]

On 2/9/2023 at 3:50 PM, CorpRaider said:

Nah, just Kyosaki.  I like the first few chapters of RD,PD and CF-Q.  Listened to the UHAL and EQC calls recently too, could be relevant.  EQC likes self storage and SFH.  Variant perception there.

 

Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family.

 

This book is fascinating, by the way: 

https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552

 

The founder was a genius, but it looks like one of those things where it skips a generation.  He's a got more kids than you can count on both sets of fingers from several wives and they were all forming coalitions and trying to get control of the company.  After you read how they treated minority share holders in their own family, it doesn't give you a lot of confidence. 

[thepupil]

I bought the current 30 year US treasury a 3.80% yield to add duration to the portfolio as it sell off a little bit. my experience from buying BBB corps last summer/fall is that I don't have the scale to mitigate the transaction costs in those and am probably better off owning duration via govvies. 

 

If in 1 year the yield is 4.80%, total return will approximate -12%. 

If in 1 year the yield is 2.80% total return will approximate +24% 

 

booooooring. 

Edited February 14, 2023 by thepupil

[sleepydragon]

bought some tencent.

 

[CorpRaider]

24 minutes ago, Saluki said:

 

Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family.

 

This book is fascinating, by the way: 

https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552

 

The founder was a genius, but it looks like one of those things where it skips a generation.  He's a got more kids than you can count on both sets of fingers from several wives and they were all forming coalitions and trying to get control of the company.  After you read how they treated minority share holders in their own family, it doesn't give you a lot of confidence. 

Interesting.  Thank you. 

 

That lending club thing they have + Nevada corp has my spidey sense going off.

Edited February 14, 2023 by CorpRaider

[sleepydragon]

2 hours ago, Saluki said:

 

Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family.

 

This book is fascinating, by the way: 

https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552

 

The founder was a genius, but it looks like one of those things where it skips a generation.  He's a got more kids than you can count on both sets of fingers from several wives and they were all forming coalitions and trying to get control of the company.  After you read how they treated minority share holders in their own family, it doesn't give you a lot of confidence. 

Yeah, I bought and sold it after I watched a Fox interview with the current CEO and his two children on YouTube. 

[jfan]

46 minutes ago, sleepydragon said:

Yeah, I bought and sold it after I watched a Fox interview with the current CEO and his two children on YouTube. 

Do you have that video link?

[sleepydragon]

6 minutes ago, jfan said:

Do you have that video link?

just search "uhal ceo" in YouTube. it's from a few years ago.

[sleepydragon]

8 minutes ago, jfan said:

Do you have that video link?

 

[jfan]

1 hour ago, sleepydragon said:

Uhaul is a great company with an impressive moat, but I passed on it when I looked at it a few years ago because I don't trust the family.

 

This book is fascinating, by the way: 

https://www.amazon.com/Birthright-Murder-U-Haul-Family-Dynasty/dp/0688112552

 

23 minutes ago, sleepydragon said:

 

thanks for the link. I assume the last part was particularly polarizing. 

I haven't yet read that book, but have been working through A Noble Function - How Uhaul Moved America. This one is more about the initial early years of the company's founding. 

[Saluki]

18 minutes ago, jfan said:

 

thanks for the link. I assume the last part was particularly polarizing. 

I haven't yet read that book, but have been working through A Noble Function - How Uhaul Moved America. This one is more about the initial early years of the company's founding. 

 

 A Noble Function helps understand the founding of the company.  It was authorized by the family, so there is no mention of the dysfunctional family dynamics in there.  It's helpful to understand how they pulled ahead of all their mom and pop competitors making moving trailers like their in the post war era. It also goes into that weird lending club thing, if I remember correctly.  Basically, they couldn't get bank financing because of all the existing debt so they were being lent money by the franchisees who understood the business and some were getting like 15% returns or something.  

[maplevalue]

On 2/7/2023 at 8:13 PM, tnathan said:

Put on a pair trade  - short arkk (via SARK) and then bought DIA...Unless we really have a crazy run here I think this works out well. Does anyone disagree? Open to feedback!

 

Today is a day where one would really think your trade should be working (strong economic data -> high rates -> bad for long duration ARKK stuff) but price action is doing the opposite of what we would expect based on this. May be indicating the tech stuff just got too oversold. (I recently bought SMT which very similar to ARKK...trying to bottom feed).

[Saluki]

Added a little more to SWBI and TV.