Spekulatius Posted January 7 Posted January 7 8 hours ago, lnofeisone said: I won't question your decision to walk away here, but I agree CNC is underearning. In Florida, they walked away from high-acuity (intensive medical care) children's contract that has low margins. They are still Florida's broader medicaid managed-care. The near term focus for health insurers will all be about restoring margins. I expect a couple years of hard market for health insurers. I sold out of CNC (before the large drop) as well, my horses are ELV and MOH and a bit of UNH. I look at this as a 12-24 month trade roughly but may change my mind at any time.
Spekulatius Posted January 7 Posted January 7 Sold most of my FILA (European SOP play based on value or the Indian sub). I don’t really like the business after reviewing it again. Made a bit of money on that one but nothing to write home about.
thowed Posted January 7 Posted January 7 Yes, I liked the FILA thesis, and bought a starter, but then just couldn't get comfortable with it - conclusion was that home business isn't that great & management not exceptional, and Indian business probably overvalued. But smarter people than me still like it, so it may work out!
oscarazocar Posted January 9 Posted January 9 3 hours ago, gfp said: I am selling Biglari Holdings class A stock. What's going on with this one?
gfp Posted January 9 Posted January 9 1 hour ago, oscarazocar said: What's going on with this one? Everyone everywhere hates it completely. Same as it ever was
Saluki Posted January 10 Posted January 10 I am getting assigned some Coupang shares from puts I sold, and I don't want more margin,so I sold some small positions that weren't high conviction. Sold off DEA, ET and a little of Interactive Brokers and POWW.
gfp Posted January 12 Posted January 12 I am, again, selling Biglari Holdings class A stock. Just got filled at $2193 / share. Still below book value per share.
gfp Posted January 13 Posted January 13 20 hours ago, gfp said: I am, again, selling Biglari Holdings class A stock. Just got filled at $2193 / share. Still below book value per share. Selling every uptick, drip drip drip
wescobrk Posted January 13 Posted January 13 This went from hated for a decade to loved. classic Mr market example from Ben graham. Still alive 90 years after he wrote security analysis.
gfp Posted January 13 Posted January 13 5 minutes ago, wescobrk said: This went from hated for a decade to loved. classic Mr market example from Ben graham. Still alive 90 years after he wrote security analysis. I wouldn't call it loved! Still below book value and universally hated. But maybe a market corner developed after a decade of soaking up the shares of the weak holders like a sponge.
Libs Posted January 13 Posted January 13 19 minutes ago, gfp said: I wouldn't call it loved! Still below book value and universally hated. But maybe a market corner developed after a decade of soaking up the shares of the weak holders like a sponge. Well done gfp!
coffeecaninvestor Posted January 13 Posted January 13 Sold UNF for 20% gain wasn't able to accumulate a full position before the latest bid from Cintas. I don’t want to add at $200+ and it looks like the bid might be rejected so I am going to move on since it’s not a long term hold for me.
wescobrk Posted January 13 Posted January 13 36 minutes ago, gfp said: I wouldn't call it loved! Still below book value and universally hated. But maybe a market corner developed after a decade of soaking up the shares of the weak holders like a sponge. Ha, well we are basically at book now just round up a little, plus with the 10k filing book should come down a tad with all of the stocks in his portfolio declining such as Ferrari and Cracker Barrel. I see your point can make an argument isn’t loved but going from extreme hate to a little hate seems like some love, maybe a toxic kind of love, ha. Definitely love from the millions from new buyers in the last six months for an almost 200 percent annualized gain.
Saluki Posted January 13 Posted January 13 VG had a nice bump today so I sold some shares from puts that I was assigned earlier, for a small profit.
LC Posted January 13 Posted January 13 Sold some 1662 - will recycle the proceeds into Nintendo. Worked out really well (admittedly it's a lot just weakening of the JPYUSD)
Saluki Posted January 13 Posted January 13 Sold 14% of my Kraken Robotics. Still have a good mid/large position, but if there is a correction I already got back my original investment before, and now today, so I'll let most of it ride and keep some pricing discipline.
ANP301191 Posted January 14 Posted January 14 Sold my BBWI - good 33% return over 6 weeks. No longer beyond cheap.
Spekulatius Posted January 14 Posted January 14 Reduced my AMRZ a couple of days ago. All the cement plays I have invested in worked out well so far (GCC, AMRZ, BZU, 5233)
coffeecaninvestor Posted January 14 Posted January 14 Taking my own advice and moving back to a portfolio of 10-15 stocks by eliminating the following holdings. UNH & ELV - my income is tied to the sector so having my investments in the same sector is probably not prudent. I also think there is a chance the industry has been somewhat impaired. The Eisman Playbook podcast had a good episode on healthcare recently that made me rethink some things about the sector in general. ADBE & CNSWF - I think these probably end up doing well, and as a sector look cheap, but software is not my wheel house so I felt comfortable with a small bet, but not if I am going to increase my position sizing due to limiting the number of positions I want to hold. KRE - was more a sector bet on the consolidation of the industry, but not an investment I am comfortable holding long term given the cyclical nature of banks. PYPL - This was also more of a statistically cheap bet where I was betting on a sentiment change. They have a questionable position in the payments industry so likely not a long term holding for me. CHD - I think this one does fine, but if I have to own less stocks I want to be more picky about the quality and long term growth potential of the investments.
Saluki Posted January 14 Posted January 14 On 1/13/2026 at 12:36 PM, Saluki said: Sold 14% of my Kraken Robotics. Still have a good mid/large position, but if there is a correction I already got back my original investment before, and now today, so I'll let most of it ride and keep some pricing discipline. I'm glad I took some chips off the table with Kraken, it was down 7% this morning . Still sitting on the rest and I can use the cash to buy other stuff. Sold off a little more VG when it was up this morning. It's still cheap, but I will probably be assigned some Coupang from puts I sold, so I want to have funds available without more leverage.
gfp Posted January 14 Posted January 14 On 1/13/2026 at 9:08 AM, gfp said: Selling every uptick, drip drip drip More selling! drip drip drip! every day!
Spekulatius Posted January 15 Posted January 15 Sold my small trading position in NVO. Worked out OK. I also reduced $ABEV
UK Posted January 15 Posted January 15 5 hours ago, Spekulatius said: Sold my small trading position in NVO. Worked out OK. I also reduced $ABEV Yay, META de ja vu for me re NOVO:)
John Hjorth Posted January 15 Posted January 15 (edited) Sold a few shares today before noon to cover Danish PAL-taxes on tax deferred accounts [15.3 per cent of [realized and unrealized gains for 2025 [net]+ received dividends in 2025]] credited for withheld dividend taxes on dividends from shares in companies listed aboad [outside Denmark]. So, basically, a sale to avoid a margin call for the PAL-taxes pulled out of the accounts today, where liquidity wasen't sufficient to cover the PAL-tax. Edited January 15 by John Hjorth
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