KJP Posted May 13, 2020 Share Posted May 13, 2020 Huntington Ingalls Paramount Group Link to comment Share on other sites More sharing options...
Munger_Disciple Posted May 13, 2020 Share Posted May 13, 2020 Berkshire didn't sell any WFC stock during Q1 2020. We know this from Q1's 10-Q filing. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 13, 2020 Share Posted May 13, 2020 I added to CMCSA, TRV, ORI, VIVHY. Started new positions in HDS and ABEV after some DooDiligence. Link to comment Share on other sites More sharing options...
DooDiligence Posted May 13, 2020 Share Posted May 13, 2020 It is interesting all the people buying WFC whereas WB was selling. (And WB may be fully exiting his WFC stake - if you recall during the annual meeting he mentioned "We don't trim positions") Makes me fear I am missing something big and obvious. Is WFC fundamentally broken? For him to unload WFC and not BAC means it must be WFC specific. Yes WFC is like toxic waste right now in the banking world, but it is also like half of TBV and very well capitalized. He bought into BAC when not only was it toxic but also had tens of billions of legal liabilities. Is he saying it was possible to turn around BAC but not WFC? Did he like the odds of BAC in 2011 more than WFC today? BofA was not too much lower in total market cap then what WFC is today, and capital levels at all these banks are much better now. Or does he think it's an industry wide problem, interest rates, great depression? In that case he should be selling both off. He bought into airlines. Then sold out of airlines. Personally, I think he's lost it. We'll see. Link to comment Share on other sites More sharing options...
DooDiligence Posted May 13, 2020 Share Posted May 13, 2020 I added to CMCSA, TRV, ORI, VIVHY. Started new positions in HDS and ABEV after some DooDiligence. I doubled my ABEV today. ;) Link to comment Share on other sites More sharing options...
Spekulatius Posted May 13, 2020 Share Posted May 13, 2020 I added to CMCSA, TRV, ORI, VIVHY. Started new positions in HDS and ABEV after some DooDiligence. I doubled my ABEV today. ;) The thesis for ABEV is as follows: 1) The stock is down more than 50%. 2) The stock has never been they cheap in terms of P/S (as far as I can see) 3) The balance sheet is very strong (net cash) 4) Most importantly: Brazilians like beer (courtesy Of DooDiligence) Link to comment Share on other sites More sharing options...
rb Posted May 13, 2020 Share Posted May 13, 2020 I added to CMCSA, TRV, ORI, VIVHY. Started new positions in HDS and ABEV after some DooDiligence. I doubled my ABEV today. ;) You should send Spek a case of beer to help with the coming pain ;) I kid. Link to comment Share on other sites More sharing options...
DooDiligence Posted May 14, 2020 Share Posted May 14, 2020 I added to CMCSA, TRV, ORI, VIVHY. Started new positions in HDS and ABEV after some DooDiligence. I doubled my ABEV today. ;) You should send Spek a case of beer to help with the coming pain ;) I kid. ;D They've maintained double digit ROA's & ROE's for more than a decade & returned gobs of money to shareholders. That said, volumes are down double digits & looking worse for the coming months. People will eventually start boozing it up again & I think ABEV's clean balance sheet should hold them over. I made money on ABEV before with a cost basis that was slightly more than double what I own now. (historical performance is no guarantee of future returns but...) edit: We'll see if I can still defend the purchase in a year ??? Link to comment Share on other sites More sharing options...
Lance Posted May 14, 2020 Share Posted May 14, 2020 ESRT, VNO and WFC Thanks Lance Link to comment Share on other sites More sharing options...
Gregmal Posted May 14, 2020 Share Posted May 14, 2020 Hardly the deal of a lifetime, but I finally threw in the towel and bought a few shares of Costco at 295. Link to comment Share on other sites More sharing options...
Castanza Posted May 14, 2020 Share Posted May 14, 2020 Small adds to RTX, BRK, WFC (yee haw) Link to comment Share on other sites More sharing options...
longlake95 Posted May 14, 2020 Share Posted May 14, 2020 UL and SBUX Link to comment Share on other sites More sharing options...
LC Posted May 14, 2020 Share Posted May 14, 2020 Sold all the WFC I bought yesterday - will take any profits where I can get them to lower my cost basis on this one. Link to comment Share on other sites More sharing options...
bizaro86 Posted May 14, 2020 Share Posted May 14, 2020 ALX Link to comment Share on other sites More sharing options...
LC Posted May 18, 2020 Share Posted May 18, 2020 Littel PM, Brk, Cloudflare Sold 15% of Livenation that was purchased in the prior week. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 19, 2020 Share Posted May 19, 2020 Added to HDG.AS (Hunter Douglas ) recently. World leader in window coverings. Cheap and low leverage (debt ~1x EBITDA) . Family run (83%+ owned) and quite illiquid. Bought some before COVID-19 and averaged down after surprisingly good Q1 results. They sure will take a hit from COVID-19 downturn, but it just seems to cheap. http://investor.hunterdouglasgroup.com/news-releases/news-release-details/hunter-douglas-results-q1-2020 Link to comment Share on other sites More sharing options...
Gregmal Posted May 20, 2020 Share Posted May 20, 2020 re bought VNO, added more SPG Link to comment Share on other sites More sharing options...
Castanza Posted May 20, 2020 Share Posted May 20, 2020 MSGE, SNE Link to comment Share on other sites More sharing options...
LC Posted May 20, 2020 Share Posted May 20, 2020 Bought some more Cloudflare Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 20, 2020 Share Posted May 20, 2020 Bought some more Cloudflare You need to update your signature with your updated holdings :) Link to comment Share on other sites More sharing options...
LC Posted May 20, 2020 Share Posted May 20, 2020 Bought some more Cloudflare You need to update your signature with your updated holdings :) Done! But I warn you keeping track of my holdings is a depressing activity :D Cloudflare is one of those companies that I used myself a few times. Industry-opinion is good, product is good, I have heard it described as "there is fast becoming no real good alternative". So great product but economics-wise, I mean you can see the financials for yourself. But I think they have a decent shot at sustainable organic growth or as an acquisition target. I think unlike a lot of the tech-bro stocks out there, in my very humble opinion they actually deliver value. Right now I am just nibbling at it as I do more research and understand the business and competitive landscape more. And need to see how the economics play out over a bit. Livenation is a bit more well-understood so not much additional to say there. IMHO a good business, just temporarily depressed due to COVID of course. Link to comment Share on other sites More sharing options...
LC Posted May 20, 2020 Share Posted May 20, 2020 Yes particularly as the company grows (and investors start foaming at the mouth) the IR & Marketing decks go into overdrive bullshit mode. Need to find the nerds on stackexchange, ycombinator, etc. eg: https://news.ycombinator.com/item?id=19367119 I'm looking at Akamai as well. Link to comment Share on other sites More sharing options...
valueinvestor Posted May 28, 2020 Share Posted May 28, 2020 SHOP AND SEA LTD. BOUGHT CONTURA ENERGY (Speculative Play - Almost Like Pabrai's Teck bet). Link to comment Share on other sites More sharing options...
Ice77 Posted May 28, 2020 Share Posted May 28, 2020 SECB PM Link to comment Share on other sites More sharing options...
kab60 Posted May 29, 2020 Share Posted May 29, 2020 More Cambria Automotive and Cast SA the other day, now it is time to just wait and delever Link to comment Share on other sites More sharing options...
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