formthirteen Posted March 14 Share Posted March 14 On 3/11/2024 at 6:41 PM, longlake95 said: parked more $$$ in FFH.PR.D, yielding 9.6%, goes ex-divvy this Friday. Thanks. Seems like a good alternative to cash. Link to comment Share on other sites More sharing options...
longlake95 Posted March 14 Share Posted March 14 1 minute ago, formthirteen said: Thanks. Seems like a good alternative to cash. ya, I have a basket of floater prefs, where I've parked cash until a good idea comes along. I'm in the camp (probably wrong, lol) that rates are higher for longer, so these floaters are a good place to be. Incidentally, based on a $25 par, many of these prefs are 8% money for the issuer(s). So, if rates do stay higher for longer, maybe they take some of them out and issue lower rate prefs. Link to comment Share on other sites More sharing options...
Saluki Posted March 14 Share Posted March 14 Sold a few very small positions that I had, which I usually buy to remind me to look deeper into a company, and made some small adds to CPNG, NTDOY and ATEX. Link to comment Share on other sites More sharing options...
WFF Posted March 14 Share Posted March 14 9 minutes ago, Saluki said: Sold a few very small positions that I had, which I usually buy to remind me to look deeper into a company, and made some small adds to CPNG, NTDOY and ATEX. Was thinking about whether you added on CPNG given the down day. Looks like you are sizing this quite sizably. Time to read up the thread Link to comment Share on other sites More sharing options...
Saluki Posted March 14 Share Posted March 14 3 minutes ago, WFF said: Was thinking about whether you added on CPNG given the down day. Looks like you are sizing this quite sizably. Time to read up the thread CPNG a 2.5% position currently, and I wouldn't mind taking it to 3 or 4 at the right price. NTDOY is just under 3% and ATEX is 1% now and I'm taking it to 2%. I'm trying not to touch my biggest positions BRK (20%) GOOG (~20%) JOE (~15%) and FRFHF (10%). I don't discuss the bigger positions as much as the smaller positions because I've already done all the research and decided to hold them for a long time, so there is nothing to discuss. I think it boils down to what is your circle of competence and risk aversion. I like CPNG a lot, but I hate retail, so I don't know if I would ever go over a 5% initial position on it. I've held BRK and GOOG for over a decade so I wouldn't mind adding more even if they are big positions already. ATEX (telecom) and JOE (florida real estate) might be in the too hard bucket for some people, but they aren't in mine. Other favorites on here have made people a lot of money, but are in my too hard bucket and always will be. It would take years for me to learn about pharmaceuticals or biotech starting from scratch, but people can get rich on lots of things, so as my coach used to say "this isn't gymnastics, no one gives you extra points for doing things the hard way." Link to comment Share on other sites More sharing options...
WFF Posted March 14 Share Posted March 14 7 hours ago, Saluki said: CPNG a 2.5% position currently, and I wouldn't mind taking it to 3 or 4 at the right price. NTDOY is just under 3% and ATEX is 1% now and I'm taking it to 2%. I'm trying not to touch my biggest positions BRK (20%) GOOG (~20%) JOE (~15%) and FRFHF (10%). I don't discuss the bigger positions as much as the smaller positions because I've already done all the research and decided to hold them for a long time, so there is nothing to discuss. I think it boils down to what is your circle of competence and risk aversion. I like CPNG a lot, but I hate retail, so I don't know if I would ever go over a 5% initial position on it. I've held BRK and GOOG for over a decade so I wouldn't mind adding more even if they are big positions already. ATEX (telecom) and JOE (florida real estate) might be in the too hard bucket for some people, but they aren't in mine. Other favorites on here have made people a lot of money, but are in my too hard bucket and always will be. It would take years for me to learn about pharmaceuticals or biotech starting from scratch, but people can get rich on lots of things, so as my coach used to say "this isn't gymnastics, no one gives you extra points for doing things the hard way." Thanks for the info! Haven’t don’t much research on it, though I remember CPNG reach out for an opportunity before the IPO. Wasn’t interested in moving so didn’t research. Might be with some time to look into. Link to comment Share on other sites More sharing options...
Whensthepaintdry? Posted March 14 Share Posted March 14 Added to NNI. Link to comment Share on other sites More sharing options...
bargainman Posted March 18 Share Posted March 18 Small positions in SCHD and DGRO. Getting older I guess lol Link to comment Share on other sites More sharing options...
sleepydragon Posted March 18 Share Posted March 18 Bought some HSY. A bit late but better late than never Link to comment Share on other sites More sharing options...
Viking Posted March 18 Share Posted March 18 (edited) Starter position in Saputo SAP.TO. In recent days it has dropped to my buy price of under C$26. They have been working on a turnaround for the past 3 years. They think the benefits should start showing up in results beginning in the April to June quarter (Q2 of calendar 2024). Each quarter more tailwinds should flow to reported results. This company is pretty hated right now. The management team has been consistently over promising and under delivering for the past 5 years. The Saputo family controls the company. They will keep at it until the fix happens. The question is in 1H 2024 are investors going to get another rug pull? Or have financial results hit bottom and are now poised to move higher over 2024? Edited March 18 by Viking Link to comment Share on other sites More sharing options...
Gregmal Posted March 19 Share Posted March 19 More FRPH and finally got a lead on Fanatics shares. Link to comment Share on other sites More sharing options...
Dinar Posted March 19 Share Posted March 19 25 minutes ago, Gregmal said: More FRPH and finally got a lead on Fanatics shares. Greg, what are you referring to when you are talking about Fanatics? Thank you. Link to comment Share on other sites More sharing options...
Gregmal Posted March 19 Share Posted March 19 6 minutes ago, Dinar said: Greg, what are you referring to when you are talking about Fanatics? Thank you. White whale of mine. https://www.fanatics.com Link to comment Share on other sites More sharing options...
changegonnacome Posted March 19 Share Posted March 19 16 minutes ago, Gregmal said: got a lead on Fanatics shares Interesting someone else brought this to my attention and intro'd me to a rep from EquityZen who seem to be a running a liquidity process for Fanatics employees...~$60 per share.....without looking much at the business at all......it sure has all the hallmarks of some future dated IPO that will "pop" on the first day of trading. Link to comment Share on other sites More sharing options...
Saluki Posted March 19 Share Posted March 19 30 minutes ago, Gregmal said: More FRPH and finally got a lead on Fanatics shares. I'm fully invested right now, but starting a position in FRPH slowly as I get dividends or sell other very small positions that I was using a placeholder . I read the entire COBF thread and realized that I had looked at it years ago when it was Florida Rock and while I was sucking my thumb the offer from Vulcan came in and I missed the boat Link to comment Share on other sites More sharing options...
Gregmal Posted March 19 Share Posted March 19 6 minutes ago, changegonnacome said: Interesting someone else brought this to my attention and intro'd me to a rep from EquityZen who seem to be a running a liquidity process for Fanatics employees...~$60 per share.....without looking much at the business at all......it sure has all the hallmarks of some future dated IPO that will "pop" on the first day of trading. Yup. Small fund being put together so a few employees can pay taxes. Link to comment Share on other sites More sharing options...
Gregmal Posted March 19 Share Posted March 19 6 minutes ago, Saluki said: I'm fully invested right now, but starting a position in FRPH slowly as I get dividends or sell other very small positions that I was using a placeholder . I read the entire COBF thread and realized that I had looked at it years ago when it was Florida Rock and while I was sucking my thumb the offer from Vulcan came in and I missed the boat Yea FRP you can just put in limit orders and call it a day. King of fat finger or random 4-5% volume induced dumps but is otherwise very stable and with the old buyback floor at $54 I’m fine moving my expected trading range from $54-60 to $58-65 given the fundamentals keep getting better. Link to comment Share on other sites More sharing options...
gfp Posted March 19 Share Posted March 19 16 minutes ago, changegonnacome said: Interesting someone else brought this to my attention and intro'd me to a rep from EquityZen who seem to be a running a liquidity process for Fanatics employees...~$60 per share.....without looking much at the business at all......it sure has all the hallmarks of some future dated IPO that will "pop" on the first day of trading. Is that like $29-30 Billion valuation or have the number of shares changed? Link to comment Share on other sites More sharing options...
Gregmal Posted March 19 Share Posted March 19 2 minutes ago, gfp said: Is that like $29-30 Billion valuation or have the number of shares changed? $30b it is Link to comment Share on other sites More sharing options...
gfp Posted March 19 Share Posted March 19 20 minutes ago, Gregmal said: $30b it is Thanks. That reminds me, it's time for a new Demario Davis jersey $$$ Link to comment Share on other sites More sharing options...
giulio Posted March 19 Share Posted March 19 Swapped some MO shares for BTI. Link to comment Share on other sites More sharing options...
brobro777 Posted March 20 Share Posted March 20 20 hours ago, Gregmal said: More FRPH and finally got a lead on Fanatics shares. See through pants! https://sports.yahoo.com/mlbs-fanatics-produced-pants-blasted-by-players-union-chief-pants-are-see-through-002616265.html Link to comment Share on other sites More sharing options...
Malmqky Posted March 21 Share Posted March 21 Little Tencent. Still a small, tracker type position. Maybe I will make it like 5% and just coffee can it Link to comment Share on other sites More sharing options...
LC Posted March 21 Share Posted March 21 Dipped a toe into five-cent (tencent) and couche-tard. Link to comment Share on other sites More sharing options...
Luca Posted March 21 Share Posted March 21 (edited) Bought more Lufax as already said in the thread, this time on NYSE. Edited March 21 by Luca Link to comment Share on other sites More sharing options...
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