hasilp89 Posted March 13, 2023 Share Posted March 13, 2023 13 minutes ago, Gregmal said: Coupang, Procore, Markel whats the thinking on procore Greg? Never looked into it but have seen it used by GC's and know it is invaluable in making the process efficient. on the face of it looks like they don't make money though - could be missing something. Link to comment Share on other sites More sharing options...
modiva Posted March 13, 2023 Share Posted March 13, 2023 (edited) BAC, EPSN, add to Fairfax Edited March 13, 2023 by modiva Link to comment Share on other sites More sharing options...
Gregmal Posted March 13, 2023 Share Posted March 13, 2023 17 minutes ago, hasilp89 said: whats the thinking on procore Greg? Never looked into it but have seen it used by GC's and know it is invaluable in making the process efficient. on the face of it looks like they don't make money though - could be missing something. CRE is bombed out, so is small tech, so short term the stock probably has some downside, but from the current point in time out, these guys solve major problems in the project management process. Government contracts especially where overpaying for security of ass coverage is commonplace. This just seems like something that can work its way into a space that is still relatively archaic and ripe for disruption. Once in it’s hard to replace. So margin expansion is probably a given, as is decent growth on the base revenue if you look out a few years. Link to comment Share on other sites More sharing options...
Paarslaars Posted March 13, 2023 Share Posted March 13, 2023 More BAC, OXY. Starter in JOE. Link to comment Share on other sites More sharing options...
ourkid8 Posted March 13, 2023 Share Posted March 13, 2023 More $BN at $29 Link to comment Share on other sites More sharing options...
aesophawk Posted March 13, 2023 Share Posted March 13, 2023 DOM and BAC Link to comment Share on other sites More sharing options...
lnofeisone Posted March 13, 2023 Share Posted March 13, 2023 BAC, TFC Calls Link to comment Share on other sites More sharing options...
dealraker Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, FCharlie said: Truist (BB&T/SunTrust) 1997 $31 2023 $31 I bought this morning. Bought more Truist today. Link to comment Share on other sites More sharing options...
CorpRaider Posted March 13, 2023 Share Posted March 13, 2023 GHC, caught a fill on a limit order placed in calmer times. Link to comment Share on other sites More sharing options...
RedLion Posted March 13, 2023 Share Posted March 13, 2023 Added to ARES and OWL Link to comment Share on other sites More sharing options...
Cor Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, Gregmal said: CRE is bombed out, so is small tech, so short term the stock probably has some downside, but from the current point in time out, these guys solve major problems in the project management process. Government contracts especially where overpaying for security of ass coverage is commonplace. This just seems like something that can work its way into a space that is still relatively archaic and ripe for disruption. Once in it’s hard to replace. So margin expansion is probably a given, as is decent growth on the base revenue if you look out a few years. To add to this regarding Procore. Friend of mine works at a competitor. Procore is the dominant player in construction and has the brand name recognition. They grow by digitizing manual project management workflows for net new customers and also by increasing the cost of subscriptions upon renewal. It seems pretty sticky - not quite like SFDC but close so pretty hard to replace. Link to comment Share on other sites More sharing options...
KPO Posted March 13, 2023 Share Posted March 13, 2023 50 minutes ago, CorpRaider said: GHC, caught a fill on a limit order placed in calmer times. Same. And I thought I was the only one on here buying this boring company at an 11% free cash yield. Also added some Fairfax. Link to comment Share on other sites More sharing options...
dealraker Posted March 13, 2023 Share Posted March 13, 2023 Had a big zero interest whatsoever in buying more EWBC but the quote fall looks beyond rediculous. Either I'm stupid or the market is. We will see. 03/13/2023 Buy 7,000 EWBCPopup EAST WEST BANCORP IN @ $51.1938 Link to comment Share on other sites More sharing options...
KJP Posted March 13, 2023 Share Posted March 13, 2023 4 hours ago, KJP said: Western Alliance, which is probably the kiss of death for the bank. Sold this afternoon. Probably more juice left but so be it. Link to comment Share on other sites More sharing options...
SHDL Posted March 13, 2023 Share Posted March 13, 2023 Added a bit to BAC and JOE, low ball bids for SCHW didn't get filled. Link to comment Share on other sites More sharing options...
Sweet Posted March 13, 2023 Share Posted March 13, 2023 (edited) 17 minutes ago, KJP said: Sold this afternoon. Probably more juice left but so be it. What price did you get filled at? I’m going to let mine run… or die Edited March 13, 2023 by Sweet Link to comment Share on other sites More sharing options...
StevieV Posted March 13, 2023 Share Posted March 13, 2023 Small adds to JOE and Fairfax. No heroic moves. Link to comment Share on other sites More sharing options...
KJP Posted March 13, 2023 Share Posted March 13, 2023 (edited) 7 minutes ago, Sweet said: What price did you get filled at? I’m going to let mine run… or die Bought just under $12 and sold around $25. It was tricky getting in and out with all the halts. Western Alliance doesn't look like it was doing anything crazy, so it doesn't look like the kind of bank regulators would want to let go. That was my entire thesis for buying this morning after 30 minutes or so of research. In other words, I really know almost nothing about the bank. Moreover, I believe the vast majority of its assets (actual loans, rather than Treasuries or insured MBS) are not eligible collateral for the new Fed lending facility. Edited March 13, 2023 by KJP Link to comment Share on other sites More sharing options...
throw123 Posted March 13, 2023 Share Posted March 13, 2023 ally and kmx Link to comment Share on other sites More sharing options...
kh812000 Posted March 13, 2023 Share Posted March 13, 2023 4 hours ago, Viking said: BAC, WFC, C, SU All down more than 5%. It looks to me like the big banks will be the big winners. The business at all the small banks that are going under will need to squish somewhere. With the FED/FDIC effectively backstopping unlimited deposit amounts, it effectively negates any advantage of balance sheet size. So to me its unclear big banks are the winners as now ANY bank deposit at ANY bank is "safe"... Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 13, 2023 Share Posted March 13, 2023 45 minutes ago, dealraker said: Had a big zero interest whatsoever in buying more EWBC but the quote fall looks beyond rediculous. Either I'm stupid or the market is. We will see. 03/13/2023 Buy 7,000 EWBCPopup EAST WEST BANCORP IN @ $51.1938 Not more CATY? Link to comment Share on other sites More sharing options...
dipod Posted March 13, 2023 Share Posted March 13, 2023 BAC and WFC 2025 calls Link to comment Share on other sites More sharing options...
Sweet Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, KJP said: Bought just under $12 and sold around $25. It was tricky getting in and out with all the halts. Western Alliance doesn't look like it was doing anything crazy, so it doesn't look like the kind of bank regulators would want to let go. That was my entire thesis for buying this morning after 30 minutes or so of research. In other words, I really know almost nothing about the bank. Moreover, I believe the vast majority of its assets (actual loans, rather than Treasuries or insured MBS) are not eligible collateral for the new Fed lending facility. Ditto, know almost nothing about it. I just felt like the Fed had come out with a solution for the mark to market paper losses and that this wasn’t fully understood. Unfortunately the position was so small that it means almost nothing to me, even after todays 150% rip from the lows. If I had of known more I could have sunk a lot more into it. Link to comment Share on other sites More sharing options...
RedLion Posted March 13, 2023 Share Posted March 13, 2023 Started a new position in AMP. Link to comment Share on other sites More sharing options...
dealraker Posted March 13, 2023 Share Posted March 13, 2023 2 hours ago, fareastwarriors said: Not more CATY? EWBC is in the heat of it- fell 20% today after falling previously. We will see, time will tell. CATY has been relatively stable. Link to comment Share on other sites More sharing options...
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