what are you selling today?

[Gregmal]

Sold MAA. Had discussed this one with many folks in later half of Q4. Said it was a super conservative, no brainer Sun Belt play and you could get 10-15% 2021 return with your eyes closed. Got it in 2.5 months. You're welcome.

 

From here I think there's less ripe risk adjusted fruit.

[thepupil]

Sold MAA. Had discussed this one with many folks in later half of Q4. Said it was a super conservative, no brainer Sun Belt play and you could get 10-15% 2021 return with your eyes closed. Got it in 2.5 months. You're welcome.

 

From here I think there's less ripe risk adjusted fruit.

Agreed, I had added to MF REITs in an IRA in January, sold those additions today for 12-27% (basket approach with ESS/EQR/CPT/MAA

[ValueArb]

RIDE got murdered by an incredibly persuasive Hindenburg report on Friday, and so of course it's up 7% today.

[UNF2007]

Sold some INTC and WFC, still like both, but I'm wanting to start raising some cash and both have run up quite a bit. Want to be about 50% cash going into Q3.  Not a market timer, but has been harder to ignore that everyone and their brother (including my own) is speculating in the market right now. I don't see how the enthusiasm can get any higher, although maybe it can.

[Spekulatius]

MMAC and CRBBF (Corby).

[gfp]

MMAC and CRBBF (Corby).

 

Any insight into what caused that momentary spike in MMAC share price today?

[Spekulatius]

MMAC and CRBBF (Corby).

 

Any insight into what caused that momentary spike in MMAC share price today?

 

I have no idea. It is a thinly traded stock and there were some sellers just a few days ago when a leadership change was announced, but the stock since has bounced back. The 10-k is supposed to get filed soon.

 

Perhaps someone knows something, perhaps not. Anyways, I cashed my few shekels from the short term trade and moved on.

[Castanza]

Trimming TPL

[KJP]

Technip Energies

[Gregmal]

TPL at the close.

[cubsfan]

TPL at the close.

 

Jesus - the TPL chart looks like Bitcoin!

[formthirteen]

Sold TPL yesterday. I still like the 70% FCF margins Horizon Kinetics wrote about...

[Gregmal]

Trimmed some of the completely margined positions I have in WM and ARE.

[Xaston]

Sold out of my CURLF yesterday

[lnofeisone]

Sold out of my CURLF yesterday

 

CLMT (this one really came back to life and is higher than pre-COVID with likely more room), MPC, SWN. Cutting my energy holdings by 30% or so.

[Castanza]

Sold TPL yesterday. I still like the 70% FCF margins Horizon Kinetics wrote about...

 

Same, trimmed down to 25% my original size.

[Gregmal]

Trimmed some AIV

[Gregmal]

On 3/30/2021 at 2:10 PM, Gregmal said:

Trimmed some AIV

Cleared remainder of AIV. 

[fareastwarriors]

Closed out a tiny position in Prosus.

 

[cubsfan]

On 4/5/2021 at 8:39 AM, Gregmal said:

Cleared remainder of AIV. 

Greg - thanks for that quick 30% gain. 

[fareastwarriors]

On 4/5/2021 at 6:39 AM, Gregmal said:

Cleared remainder of AIV. 

Still own  AIRC?

 

 

[cubsfan]

Sold all of MO after 30% run,  Keeping IMBBY - cause it's next.

[fareastwarriors]

14 minutes ago, cubsfan said:

Sold all of MO after 30% run,  Keeping IMBBY - cause it's next.

Curious on why now? Rose too much too fast? Not a long term hold?

[Gregmal]

55 minutes ago, fareastwarriors said:

Still own  AIRC?

 

 

I actually never owned AIRC and generally speaking think poorly of everyone involved; from the crooks running the company to loudmouth Litt. AIV just kind of jumped off the screen though as a classic orphan spin setup. Checked every box down to getting booted from the index and trading under $5. Mid December MF coastal had decent clarity. So it wasnt like I'd be buying a business, just assets that were stupid cheap after everything else had just rallied. So I bought the stub post spin. Turned out releasing the financials and maybe some insider buying ended up being the catalyst that got things done. But it basically played out exactly as one would draw it up. If you're looking for an investment theres better assets and better managers out there than anything in the AIV/AIRC complex. 

[cubsfan]

2 hours ago, fareastwarriors said:

Curious on why now? Rose too much too fast? Not a long term hold?

No - not at all. Still like it plenty for the dividend. That said, looks pretty close to Fair Value to me at this point.

In fact, I had planned to hold it for some time.

Major reason was I found something better. I held both Imperial and MO - I do think Imperial has much greater upside at this point, so MO had to go.

For dividend lovers, MO is just fine, but my view is that it's pretty much a no-growth (or very slow growth) company.