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What are you buying today?


LowIQinvestor

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  • 3 weeks later...

I bought more Berkshire B shares today. Business results should be very good.

Too much of a good thing can be wonderful.  :)

Charlie,

 

Yes, to me also, BRK is still a buy - at these levels.

 

Before today I had written some 155-strike puts. If BRKB had fallen today I was going to write some more.

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Guest longinvestor

I bought more Berkshire B shares today. Business results should be very good.

Too much of a good thing can be wonderful.  :)

 

Good for you!

 

I am looking forward to the earnings report for 2016; Expect earnings (operating including insurance) to be approx. $15,000 per A share. If so, it will be yet another year of the stock selling well below IV. Would like it to stay so until the day I retire. And then it can go crazy and start selling @ or above IV.

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I have opened a position in The Travelers Companies (TRV):

 

Average annual operating return on equity over the last 10 years: 13.8%

CARG in BVPS over the last 10 years: 9.7%

BVPS in 2008: +5%

CAGR in dividends over the last 10 years: 10.1%

Total return to shareholders for the last 10 years: 250%

Dividend Yield: 2.2%

Payout Ratio: 25%

Debt/Equity: 0.26

Price/BVPS: 1.4

P/E: 12

 

This is imo an outstanding company selling at an attractive price.

The change in management that occured last year might constitute a source of uncertainty. Anyway, Mr. Schnitzer already was CEO of Business and International Insurance, and seems to know the company very well and to be perfectly alligned with its culture.

 

Cheers,

 

Gio

 

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