what are you selling today?

[formthirteen]

Tobacco stonks. The market is telling me something. I don't know what. Maybe it's yelling, tobacco stocks are cheap, maybe not?

[Spekulatius]

Sold $PAYC yesterday AH after earnings were announced. Huge downwards guidance. Painful. Was a small position since I liked the company, but valuation was a stretch and needed growth to continue at good clip and it didn't.

[lnofeisone]

8 hours ago, Spekulatius said:

Sold $PAYC yesterday AH after earnings were announced. Huge downwards guidance. Painful. Was a small position since I liked the company, but valuation was a stretch and needed growth to continue at good clip and it didn't.

What happened here? Was it missed growth expectation? 

[Spekulatius]

2 hours ago, lnofeisone said:

What happened here? Was it missed growth expectation? 

Yes, lousy guidance. Growth went from 22% to forecasted 10-12%. That growth is not enough to sustain the valuation.

 

Had a small position in this because I liked the company, but the valuation was high. No margin of safety in that one. Sold it when I skimmed the press release yesterday AH. That said, I will evaluate in a month after the wash sale period is over.

[Red Lion]

Sold off all of the preferred shares that I bought a few months back. These are short term gains but I have places I’m more excited to invest. Sold a big chunk of Vno preferred for a 40% gain in about half a year. Also sold agnc and Ritm preferreds for around 15-20% gains. 
 

This puts me back to 3% cash and off margin for the moment. 

[Red Lion]

Trimmed ARES and sold out of pcyo. 

[Red Lion]

Trimmed GOOGL and exited BUR now that both were long term gains. 

Edited November 8, 2023 by RedLion

[Spekulatius]

REY.MI and OUT. Both turned out alright.

 

Edit: Sold remainder of $JXN and trimmed NTDOY just a little bit.

$JXN turned out to be nice money maker.

Edited November 9, 2023 by Spekulatius

[Ross812]

Sold half of my BTI position today. I'm back to my cost average of $31 and it was bigger than I wanted as I bought heavily in the low $29s. 

[Dinar]

Sold my Nintendo (I was hedged the yen) and the 17% return including dividend was much better than the rest of my portfolio.

[KJP]

AtkinsRealis (nee SNC-Lavalin)

[LC]

52 minutes ago, KJP said:

AtkinsRealis (nee SNC-Lavalin)

 

Same. I had fully sold in the 44 range, rebought a smaller amount at 38 and just sold again. Have you looked at Aecon? 

[KJP]

11 minutes ago, LC said:

 

Same. I had fully sold in the 44 range, rebought a smaller amount at 38 and just sold again. Have you looked at Aecon? 

 

Not yet.

[aws]

Santander Mexico… finally. This one was way more of a struggle than I expected. Long story short Santander took their Mexican subsidiary listing private, which gave shareholders the right, but not the obligation to sell their shares back to the bank within a 6 month window of the date they took it private. In the few days leading up to the delisting, the shares sold off hard, falling as much as 20% below the buyback price. I scooped up the majority of the trading volume in the final days, thinking this was a no brainer flip. Turns out it is way more complicated for a foreigner to sell shares than I expected. I needed to engage costly lawyers and a Mexican accountant, as well as wait for months to get my broker to actually follow through on the steps needed to take advantage of the buyback offer. In the end I sold the shares just days before the offer closed. A very nice profit, but an experience I never wish to repeat.

[texual]

Last week I sold completely out of Netflix.

[Saluki]

Trimmed a little SWBI in my retirement account.  I'll wait a full year to decide if I want to sell the shares in my taxable account. I think it's got long-term potential for compounding now that the new factory/headquarters is up and running and that capex is behind them, but I also think that a lot of the price appreciation in the past month is due to what's going on in Israel and fear/uncertainty/doubt about the current administration and gun control. 

 

Sold most most of the small position I had in VSTO.  It's still cheap but they are no longer doing a spinoff and they sold the part of the business that I was interested in, so the thesis changed. 

[Spekulatius]

Sold some $STNE in my IRA. Around a 45% gain on the few shares I bought weeks ago. Go figure. Wish they all did so well.

[dipod]

CSPs on BMY.

[Spekulatius]

USB and my smallish trading position on MANU. Bailed out of PAH3 at a loss

[lnofeisone]

I sold most of STNE, BN, MEGEF, and DB. Raised cash decent amount of cash and will wait for a pullback. 

[sleepydragon]

1 hour ago, Spekulatius said:

USB and my smallish trading position on MANU. Bailed out of PAH3 at a loss

Sold PAH at loss too.

now i have a rule for myself: no foreign stocks,  

[Luke]

1 hour ago, Spekulatius said:

USB and my smallish trading position on MANU. Bailed out of PAH3 at a loss

 

6 minutes ago, sleepydragon said:

Sold PAH at loss too.

now i have a rule for myself: no foreign stocks,  

Which reasons?

[John Hjorth]

3 hours ago, Spekulatius said:

USB and my smallish trading position on MANU. Bailed out of PAH3 at a loss

 

2 hours ago, sleepydragon said:

Sold PAH at loss too.

now i have a rule for myself: no foreign stocks,  

 

I'm sorry for your losses, gents. Pretty sure they're modest, you'll survive and do well despite that. Now don't ask me if I have sold my Volkswagen shares! [tracker].

 

For the German Automakers : Headwinds, headwinds, and - then yet again - headwinds!

 

Solution :

 

Move closer to each other - so to say - shoulder to shoulder : Merge!,

Forget all already approved procedures and processes for development  and doing business in general,

Fire all management teams - all over the place,

Hire Elon Musk to run the whole merged place in his ravaging way.

 

[Spekulatius]

@John Hjorth - yes the loss on PAH3 is moderate, but still stings. The reason for the sale is that I am more and more concerned about the Chinese competition affecting Porsche as well. The VW business certainly is affected, not just in Chine, but also soon in Europe.

 

There just is too much competition with cars. I am now poking around putting the funds to work into something similar like Daimler Truck, AGCO or CNHI where there is less competition and the stocks are almost as cheap. All those have issues with cyclicality though.

 

(FWIW, I own a little of CNHI already)

[ValueArb]

33 minutes ago, Spekulatius said:

@John Hjorth - yes the loss on PAH3 is moderate, but still stings. The reason for the sale is that I am more and more concerned about the Chinese competition affecting Porsche as well. The VW business certainly is affected, not just in Chine, but also soon in Europe.

 

There just is too much competition with cars. I am now poking around putting the funds to work into something similar like Daimler Truck, AGCO or CNHI where there is less competition and the stocks are almost as cheap. All those have issues with cyclicality though.

 

(FWIW, I own a little of CNHI already)

 

CNHI looks very interesting.

 

I also own a little Porsche, a 2010 Cayenne w/190,000 miles;) Based on its maintenance costs and near zero residual value I have to say there is strong profit in owning a porsche dealer. I intend to dump this position as soon as possible.