benhacker Posted July 25, 2015 Posted July 25, 2015 Shawn, anything news worthy on ELF that made you buy? Thanks.
Arden Posted July 26, 2015 Posted July 26, 2015 AXP and IAUGY. Thanks, Lance AXP, BBL, KMI, RDSb and T. Thanks, Lance Why AXP? about BBL- I would stay away from anything related to iron ore and industrial metals, I've been shorting BBL, VALE and RIO. There is oversupply resulting from extreme optimism of the large miners, and at the same time the biggest customer- China, has a serious construction bubble, which has only started to burst . iron ore prices are already down 60-70% from peak. Caveat emptor
DavidVY Posted July 28, 2015 Posted July 28, 2015 Insurance- NWLI Tech- ZNGA Retail- KORS I am getting massacred on my coal and energy/mining conglomerates. Still eagerly waiting to add more
wachtwoord Posted July 28, 2015 Posted July 28, 2015 Yesterday I bought more NOV and initiated a position in CHK. Seems I'm lucky with timing for once ;)
TwoCitiesCapital Posted August 3, 2015 Posted August 3, 2015 FRFHF @ $475 I've been thinking about picking up more as well - hoping for $450 since I already doubled my holdings at $500 back in January.
buylowersellhigh Posted August 3, 2015 Posted August 3, 2015 Scott, Why MAR? What is your thesis? Curious, as you like long-term compounding machines... BLSH Bought Marriott the past Tuesday.
KCLarkin Posted August 3, 2015 Posted August 3, 2015 I bought a sizeable position in Rolls Royce on Friday.
ScottHall Posted August 3, 2015 Posted August 3, 2015 Scott, Why MAR? What is your thesis? Curious, as you like long-term compounding machines... BLSH Bought Marriott the past Tuesday. I like the business model a lot. They only own a few hotels; most are franchised or operated under management contracts. It's a fee based business mostly, collect royalties off the hotels they franchise or manage. So you can imagine, this is a pretty capital light business. The cash is then sent back to shareholders in the forms of dividends and, mostly, share buybacks. The company targets a 3-3.25x leverage ratio to EBITDAR, so for every $1 increase it essentially can (and does) return $3 to shareholders. Planning to return $2 billion this year alone, vs. ~$20 billion market cap. Even though the P/E is high you're getting a large amount of cash returned each year. The debt they use to finance this is very cheap; recently in the 3% range. So they're issuing debt at 3% to buy back stock with an earnings yield of ~4%, that's growing earnings currently at about 20%. It's a smaller position but I was interested enough to buy a starter stake.
Liberty Posted August 3, 2015 Posted August 3, 2015 Scott, Why MAR? What is your thesis? Curious, as you like long-term compounding machines... BLSH Bought Marriott the past Tuesday. I like the business model a lot. They only own a few hotels; most are franchised or operated under management contracts. It's a fee based business mostly, collect royalties off the hotels they franchise or manage. So you can imagine, this is a pretty capital light business. The cash is then sent back to shareholders in the forms of dividends and, mostly, share buybacks. The company targets a 3-3.25x leverage ratio to EBITDAR, so for every $1 increase it essentially can (and does) return $3 to shareholders. Planning to return $2 billion this year alone, vs. ~$20 billion market cap. Even though the P/E is high you're getting a large amount of cash returned each year. The debt they use to finance this is very cheap; recently in the 3% range. So they're issuing debt at 3% to buy back stock with an earnings yield of ~4%, that's growing earnings currently at about 20%. It's a smaller position but I was interested enough to buy a starter stake. Very nice ROIC. I remember an earlier incarnation of this being used as an example on Greenblatt's book (when they did the spin-off).
Guest Schwab711 Posted August 5, 2015 Posted August 5, 2015 Disney - DIS Star Wars is coming! Good luck! I've been looking at DIS all morning (and it's been on a small watchlist prior to this morning). I also barely passed on INT at $36 the other day. There's definitely some interesting stocks getting close to attractive levels.
rb Posted August 6, 2015 Posted August 6, 2015 I bought Sunedison (SUNE). Bring back Ballmer! I second that!
peter1234 Posted August 6, 2015 Posted August 6, 2015 I bought Sunedison (SUNE). Bring back Ballmer! I second that! I am thrilled he finally got his well deserved retirement! ;)
TorontoRaptorsFan Posted August 6, 2015 Posted August 6, 2015 Disney - DIS Star Wars is coming! Good luck! I've been looking at DIS all morning (and it's been on a small watchlist prior to this morning). I also barely passed on INT at $36 the other day. There's definitely some interesting stocks getting close to attractive levels. I bought more DIS today. This is a no-brainer investment. Powerful movie franchises, a moat on theme parks, ABC, ESPN, etc.
Ross812 Posted August 6, 2015 Posted August 6, 2015 I sold HOG to buy more DISCK and FOX. This sell off in media names is getting ridiculous.
berkshire101 Posted August 6, 2015 Posted August 6, 2015 I sold HOG to buy more DISCK and FOX. This sell off in media names is getting ridiculous. I feel like this is similar to the old tech sell for MSFT, CSCO, INTC, etc. Those companies are still growing revenue, earnings, and buying back shares. But the market kept compressing their multiple. So hopefully there will be some sanity restore. Those ala carte options aren't cheap. Paying $10-20 each for NFLX, HBO, HULU, etc. ends up being the same or more expensive than the bundle option available nowadays.
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