what are you selling today?

[Spekulatius]

12 hours ago, yesman182 said:

Any specific reason you think it will be blocker? Or simply that they seem to want to block everything including two handbag companies. 

Yes every significant merger is going to get sued by the FTC and COF and DFS will have a high combined market share in credit cards. It is going to be tough to get this merger to close, imo.

[Cod Liver Oil]

Sold Para for a trade but am getting interested in buying Sony. I like the music and gaming divisions.  It's not Nintendo but solid at 15 times earnings. Big, high quality, conservative Japanese monster. Loeb went at it twice:

https://www.hollywoodreporter.com/news/general-news/sony-rejects-break-up-plans-activist-investor-daniel-loeb-1240274/

 

Edited May 7 by Cod Liver Oil

[Saluki]

Started trimming the STNG shares I bought a year ago (up 50-60%). I wanted to wait for the better capital gains treatment after the one year anniversary. I want to sit on most of the older shares because I hate paying taxes    But with cyclical companies, it always feels like the Ogre's feast fairytale where you can eat as much as you want at the buffet, and you can leave anytime, but if you stay too long, at some point they close the doors and kill all the guests. 

 

[Paarslaars]

Sold my PARA 15$ calls today as they will become worthless when the new deal is accepted. 

 

First SAVE then PARA, I really need to learn to take a profit on these calls quickly and move on. Small loss now...

Edited June 3 by Paarslaars

[rkbabang]

Not by choice, but my payout from the acquisition of Shockwave Medical (SWAV) by JNJ just hit my account today.  I bought a small amount in Feb/2020 for $42.60 and received $335.00 today.

 

[Spekulatius]

9 hours ago, rkbabang said:

Not by choice, but my payout from the acquisition of Shockwave Medical (SWAV) by JNJ just hit my account today.  I bought a small amount in Feb/2020 for $42.60 and received $335.00 today.

 

Thats a nice gain - almost an 8 bagger in 4 years. Congrats.

[rkbabang]

11 hours ago, Spekulatius said:

Thats a nice gain - almost an 8 bagger in 4 years. Congrats.

Thanks.  It worked out better than I imagined, and quicker.

 

[Saluki]

I trimmed a little SWBI

 

I trimmed some STNG that I purchased a year ago and bought the same dollar amount in Tsakos Energy.  

[frommi]

VNDA after it reached NCAV.

[Saluki]

Trimmed some BRK.

[fareastwarriors]

1 hour ago, Saluki said:

Trimmed some BRK.

 

Edited June 7 by fareastwarriors

[Head of Roller coasters]

Trimmed some Novo Nordisk. Just risk management – not any kind of show of distrust. 

[nsx5200]

On 6/7/2024 at 3:10 PM, Saluki said:

Trimmed some BRK.

I think a lot of the great investors park their cash at BRK, so I've been doing that.  What did you pick up with the sell?

[Head of Roller coasters]

Trimmed some Fortum (HEL:FORTUM) – a state-owned electricity utility. 

[Santayana]

I've been trimming my very overweight Fairfax position a bit as we head into Q3.  Seems like there's already been a couple of events that could lead to this being a larger Cat year.

[Spekulatius]

Sold VSTS. Made some money of that one but have some lingering doubts that this will be an easy turnaround and there is a lot of debt.

[Saluki]

Trimmed some VTS. No particularly reason.  I bought it cheap and it's been over a year, and it's paying a nice dividend, but there are cheaper things out there with growth attached, not just harvesting existing opportunities. 

 

I continue to trim STNG and buy Tsakos to keep my product tanker position but at a better relative valuation.  

[DooDiligence]

Sold Autodesk after holding for 3 years with the hope that the CFO was at least competent. Their products are ubiquitous and will likely get even better. I think getting rid of resellers is a good move but making candy bars is easier to understand. Chocolate hands  

[Spekulatius]

Reduced Google anfter experiencing first hand how Google search can be demonetized at work (see Google thread).

Edited July 16 by Spekulatius

[yesman182]

I sold my BRK shares in my retirement accounts. Seems like we are trading around 24x normalized earrings. I suspect buybacks will stop, apple sales will increase, interest rates will go down so the 200 Billion in tbills will earn less. I still own the majority of my shares in my taxable account, but seems fully valued to me. I would rather have the cash earing 5% and wait for other opportunities to come along. 

[thepupil]

i sold all my remaining Berkshire yesterday.

[Malmqky]

You are all crazy

 

Never sell Berkshire! But yeah it certainly is trading at what’s historically been peak valuation..

 

 

 

[villainx]

34 minutes ago, yesman182 said:

I sold my BRK shares in my retirement accounts. Seems like we are trading around 24x normalized earrings. I suspect buybacks will stop, apple sales will increase, interest rates will go down so the 200 Billion in tbills will earn less. I still own the majority of my shares in my taxable account, but seems fully valued to me. I would rather have the cash earing 5% and wait for other opportunities to come along. 

 

 

I might follow this.  I just don't trade much, but that's what the tax advantage account is for, I guess.

 

 

[adesigar]

Why do you think BRK earnings will drop to $40B? Also why do you expect BRK to stop earning 5% in tbills but you can keep earning the same 5% in Cash?

Edited July 16 by adesigar

[Jaygo]

For those selling BRK into some strength here. What is the destination for the cash? 

 

Ive long traded brk but i just dont see too many quality destinations to reinvest the proceeds.