Jurgis

Same answer as on the other thread minus ISTB: MINT, FLOT, BSV.

MINT, FLOT, BSV, ISTB

"Constant effort is life's greatest shortcut." https://www.cornerofberkshireandfairfax.ca/forum/books/peak-secrets-from-the-new-science-of-expertise-anders-ericsson-et-al/ ... here goes the "minimal input" part... :-\ 8)

What do people think about GPOR 2023-2026 bonds? Trading at ~22% YTM ($65 on 2023s). http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C639579&symbol=GPOR4303427 Cashflows for GPOR don't seem to be horrible although they are spending most of CF to acquire additional properties. A big question is whether they are forced to acquire or are doing it opportunistically. Is the company really as distressed as bonds seem to imply? Edit: it's pretty clear that the panic is due to natgas pricing falling to floor and expectations that it will be given away for free in foreseeable future. GPOR production is almost purely natgas, so there's that. Any other ideas for energy sector bonds?

Warrants 12 bagger now. :'( :'( :'(

And that in essence is why active investing is tough.

Warrants 8x bagger right now. Why did I sell most of my beer-sized position at 3x and 5x? ::) Oh, right, to buy the beer! 8)

Do you believe that mentioning this stock here will boost TSU‘s share price. Based on my experience, that’s not the case, not even for small caps. Maybe for microcaps with very small float, trumpeting works in terms of temporarily increasing the shareprice, but even of that I am doubtful. For microcaps and illiquid special situations, CoBF posting effect is real. There's sometimes a bump up for couple days at least. Posting quarterly results of companies IMO is a reasonable way to keep discussion alive and I appreciate it.

I agree with people suggesting indexes. If you don't want to buy SPY or Canadian index, then why not international index? (Yeah, US is gonna trounce rest of the world forever and all that. 8) ) Overall, if anyone is planning to buy-and-forget-and-hodl(sic) for 15-20 years, IMO indexes are the only choice. Even for companies like KO, BRK, MSFT, etc 15-20 year future is unknowable. It's different story if you plan to buy-and-watch-and-infrequently-sell-and-replace. Then BRK maybe. Or any other companies that you like with 5-10 year horizons. OTOH, theoretically, you could buy a selection of (strong) businesses and mostly-hodl and maybe do OK: https://www.morningstar.com/articles/960641/the-strange-and-happy-tale-of-voya-corporate-leaders-trust . It's quite possible though that it was easier to pick 10 businesses for long term in 1935 than now... 8)

Witcher so far follows books pretty closely. The complaints about the show would be mostly the complaints about the books too. Whether someone would like the show would depend on whether they would have liked the style and content of the books. In other words, try it. If you don't like it, don't watch it. 8) Personally, I somewhat liked the stories in the books covered this season. I did not like the remaining books and thus I might not like the remaining seasons if they follow the books closely.

Right. I was thinking that. But I'm also thinking that Reed Hastings is probably unlikely CEO to do buy/spinoff. We might get surprised, who knows. 8)

The problem with acquisition angle is that the high potential acquirers so far have decided to build not to buy. Amazon might buy something (like they did with Whole Foods). Apple and Netflix are unlikely acquirers of big media although I think Netflix should have acquired content. But perhaps they want only the content library and don't want all the other baggage that comes with it. And perhaps they think that the baggage makes the acquisition too expensive. IMO there is too much content chasing too few eyeballs. I don't really see a way out of this, since companies have too much money and will be chasing content since it's sexy. Hey Chinese are bankrolling movies like Japanese (Sony) did in the past. I'm just not very positive about content companies because of that. And because of scars from Starz/LGF/DISCA. Disclosure: positions in Amazon, Apple, Netflix, Comcast, MSFT, DIS, FB, Google

Iron Sky Lives! Alien Nazis at the center of hollow Earth: https://www.imdb.com/title/tt3038708/?ref_=nv_sr_srsg_0 8)

The lack of long term revenue growth is the reason I stopped looking at this. It might still be a good investment for others, it's just not attractive to me. FWIW. 8)

Yes, there is some panic and panic-based racism. https://www.marketwatch.com/story/no-chinese-allowed-racism-and-fear-are-now-spreading-along-with-the-coronavirus-2020-01-29 :'(

Haven't bought from Walmart for about half year. Buying tons of stuff from Amazon. I don't price-compare often, but when I did Walmart was not cheaper/worthwhile. I usually price compare for >$100 or so purchases. Edit: as I have posted before, there were/are brands that were not available on Amazon and then I bought them on Walmart. Most of them are now either available on Amazon or gone totally. My tastes are quite idiosyncratic and I've suffered a bunch of brands forever closing/disappearing/discontinuing. #firstworldproblems

Out of curiosity: how is Google ad business less affected by California law than FB ad business is?

OK, now that's consistent with what I see. To answer your question, it might be OKish purchase. I bought my position at lower prices. I am not currently adding, but that's just me.

What FCF numbers are you using to arrive at this multiple?

If this is true, we are looking at global meltdown, since containment is pretty clearly failing at least in China. Even assuming it doesn't fail outside China (which is doubtful), 6.5% fatality rate in China is huge and crippling.

What a roller coaster the past couple years have been... Great example why hodling for multibaggers is far from easy.

For serious mall investors only: https://www.bloomberg.com/features/american-mall-game/

Being in open space surrounded by colleagues is only marginally better than being surrounded by sales drones on the phones. Having things moving in your visual field all day is a distraction regardless whether they are your colleagues or inflatable dolls.

I'm gonna predict that containment within China will fail (actually has already failed IMO). I'm somewhat sure that containment outside China is also going to fail. But that's per country somewhat. I.e. Asian countries are more likely to fail than e.g. Switzerland. I'm gonna predict that specific drugs addressing the virus won't be developed anytime soon ( 3 months+ ). I'd say the vaccine - similar to flu shot - is more likely. Although probably will take couple months too. Also likely to have similar protection to flu vaccine - not guaranteed. The hope is that the fatality rate is going to be low. At flu level or lower. None of the above are deep insights. There are other people saying what I said. Just posting to have a reference in the future of what was my thinking at the current time.