What are you buying today?

[Luke]

Trimmed more Meta for BN

[Malmqky]

FHN. I expect TD to go through with the deal, albeit at a lower price.

[Mephistopheles]

21 minutes ago, Malmqky said:

FHN. I expect TD to go through with the deal, albeit at a lower price.

Well they’re waiting on regulatory approval (which given the climate would be stupid not to approve). But regulators are stupid as we’ve seen.

 

It’s not expected they’ll approve the deal by the time TD is allowed to walk away, which is in the next few weeks. FHN and TD are negotiating terms to extend the deadline but like you said, it may be at a lower price.

 

Personally I feel there are better risk/rewards in the industry.

[Value_Added]

GLDD

 

Bid market is opening, costs are under control.  Next couple of years look bright.

[Malmqky]

3 hours ago, Mephistopheles said:

Well they’re waiting on regulatory approval (which given the climate would be stupid not to approve). But regulators are stupid as we’ve seen.

 

It’s not expected they’ll approve the deal by the time TD is allowed to walk away, which is in the next few weeks. FHN and TD are negotiating terms to extend the deadline but like you said, it may be at a lower price.

 

Personally I feel there are better risk/rewards in the industry.

 

Upside is ~ 30%, definitely lower than I'd like. Downside doesn't seem too bad however, so the risk/reward skew seems *ok* to me.

 

Even if the deal is pushed back yet again, my thinking is:

 

• TD wants the assets
• This may be TD's last chance to get a deal done in the US for a while assuming Biden gets another term
• Like you said, its stupid for regulators not to approve it

 

This set-up makes me believe some kind of sale is going to happen within the next few months here, hopefully in the $22-25 per share range.

 

EDIT: Great timing on this one lol

Edited May 3, 2023 by Malmqky

[Spekulatius]

Adding some FNF and restarting LHX position here.

[Castanza]

VTS

[jfan]

tpl

[Luke]

Exited Meta and will add proceeds to current holdings or maybe a new position into Texas Instruments i am researching ATM

[Red Lion]

Added to OWL

[Charlie]

Bought some Berkshire b shares, mostly because

Apple shares rising and insurance seems to be doing pretty good.

[dealraker]

Added to LHX.

 

After selling out of EWBC a short time ago to buy land I bought a tad today.

Edited May 6, 2023 by dealraker

[Red Lion]

Bought more OWL bringing it up to full weighting in my basket of alt asset managers. 

[Gregmal]

Added a small bit to HHC at 74. Not thrilled about having to deal with crummy management now, but very keen on being a pre IPO investor in Ackman Enteprises. 

[Ross812]

Bough a little more Nintendo this morning brining it to a 5% position. Added a little bit to DFIN yesterday and sold a few $40 puts on CASH. 

[Red Lion]

VNO/M in my 401k. 

[Luke]

I sold some Amazon (current average USD 87) to add to Exor. 

[Malmqky]

MSGE, MSGS

[Ulti]

adding to BTI

[nwoodman]

Picked up a few more FRFHF

[dpetrescu]

Bought some more 2 year Autodesk options over the last week. 

[frommi]

bought some CVS

[DooDiligence]

A little more Disney.

[nwoodman]

7974.T Nintendo

[frommi]

more FFH