Dynamic Posted April 4, 2018 Share Posted April 4, 2018 I hadn't noticed the ticker change from BNY, but 13 April puts at $49.50 last sold for $0.75 according to NASDAQ Link to comment Share on other sites More sharing options...
boilermaker75 Posted April 4, 2018 Share Posted April 4, 2018 I hadn't noticed the ticker change from BNY, but 13 April puts at $49.50 last sold for $0.75 according to NASDAQ And I was the one selling! Link to comment Share on other sites More sharing options...
John Hjorth Posted April 4, 2018 Share Posted April 4, 2018 boilermaker & Dynamic, I like your picks. [isen't there a typo in your post, boilermaker?] John, There could be but I am not seeing it? I did mean BK, Bank of NY Mellon. Mike Mike, Thank you for your elaboration. I got it wrong as basis for my post, and I've now got it, thank you. Link to comment Share on other sites More sharing options...
Dynamic Posted April 4, 2018 Share Posted April 4, 2018 Maybe if I open an account that supports options, I could get to like writing out of the money puts myself at prices where I'd be a willing buyer anyway. Getting paid $0.75 for $49.50 strike either means buying at effectively $48.75 or getting $0.75 per share return - close to 2% of the potential position in 9 days. It seems more attractive than a limit order at $48.75 except it can't be cancelled in the event of truly adverse news. For a high confidence stock trading fairly near my buy price it seems like a good way to profit from my willingness to buy even if the desired price doesn't materialize. Link to comment Share on other sites More sharing options...
sleepydragon Posted April 4, 2018 Share Posted April 4, 2018 Wrote some BK $49.5-strike April 13 expiration puts for $0.75 per share. I was trying to buy the stock today but it went up too fast!! Link to comment Share on other sites More sharing options...
boilermaker75 Posted April 5, 2018 Share Posted April 5, 2018 Wrote some BK $49.5-strike April 13 expiration puts for $0.75 per share. I was trying to buy the stock today but it went up too fast!! I tried to write some 50-strike April 6 expiration puts but missed on those because the price went up too fast and my limit order did not execute. Link to comment Share on other sites More sharing options...
winjitsu Posted April 11, 2018 Share Posted April 11, 2018 MO, GOOGL, FB Link to comment Share on other sites More sharing options...
John Hjorth Posted April 16, 2018 Share Posted April 16, 2018 Added to BRK.B, BAC, C, JPM. Link to comment Share on other sites More sharing options...
Liberty Posted April 17, 2018 Share Posted April 17, 2018 Surprised at the lack of interest in CHTR at a price significantly lower than the price at which Rutledge and Malone just bought back 12% of the company... Or maybe people who are buying it just aren't mentioning it here. Link to comment Share on other sites More sharing options...
valueyoda Posted April 17, 2018 Share Posted April 17, 2018 I have been buying here, in addition to GLIBA and LBRDA Link to comment Share on other sites More sharing options...
writser Posted April 17, 2018 Share Posted April 17, 2018 Small chunk of TSE:KDX. Link to comment Share on other sites More sharing options...
gokou3 Posted April 17, 2018 Share Posted April 17, 2018 Surprised at the lack of interest in CHTR at a price significantly lower than the price at which Rutledge and Malone just bought back 12% of the company... Or maybe people who are buying it just aren't mentioning it here. I bought LBRDA one page ago. :) Hope CHTR can buy back another 8-10% of the shares in 2018. Link to comment Share on other sites More sharing options...
dutchman Posted April 17, 2018 Share Posted April 17, 2018 I think charter has said they won't be buying back much this year. Link to comment Share on other sites More sharing options...
Liberty Posted April 17, 2018 Share Posted April 17, 2018 Hope CHTR can buy back another 8-10% of the shares in 2018. They won't be buying as much because they reached their target leverage. Unless they decided to go above to grab an opportunity, but I don't think we'll see anything close to a 12% this year. Link to comment Share on other sites More sharing options...
gokou3 Posted April 17, 2018 Share Posted April 17, 2018 CHTR's 2017 EBITDA was $15.3B and let's say they will do $16B this year (4.6% yoy, vs 5.8% increase for 2017 vs 2016). That's a $700M increase which, with 4.5x leverage, results in another $3B of new debt. Then, EBITDA - capex - interest - tax ~ $16 - 9 - 3 - 0 = $4B cash generated from operations for buybacks or total $7B. With CHTR at ~$85B market value, that's 8.2%. My capex number is relatively high due to the MVNO investment which also may pull the EBITDA number down slightly. Link to comment Share on other sites More sharing options...
Spekulatius Posted April 18, 2018 Share Posted April 18, 2018 Looks like the NAV of LBRDA is about $91 vs a $83 share price- do folks here think that a 10% holding discount is a bargain? I typically look for larger discounts when looking at holding companies (even though this is pretty much a single asset holding company), due to the cost burden at the holding level. Link to comment Share on other sites More sharing options...
Liberty Posted April 18, 2018 Share Posted April 18, 2018 Looks like the NAVY of LBRDA is about $91 vs a $83 share price- do folks here think that a 10% holding discount is a bargain? I typically look for larger discounts when looking at holding companies (even though this is pretty much a single asset holding company), due to the cost burden at the holding level. Depends how tax-efficiently you think they can eventually collapse back into CHTR or sell... I'd also consider whether CHTR itself is undervalued currently, meaning that there's a discount on top of a discount.. Link to comment Share on other sites More sharing options...
vince Posted April 18, 2018 Share Posted April 18, 2018 Sure is a bargain. Spek, why dont you short it ? Link to comment Share on other sites More sharing options...
Spekulatius Posted April 18, 2018 Share Posted April 18, 2018 What makes you think I would short it? I look at LBRDA vs directly buying CHTR. Link to comment Share on other sites More sharing options...
vince Posted April 18, 2018 Share Posted April 18, 2018 I was under the impression that you didnt like Chtr Link to comment Share on other sites More sharing options...
John Hjorth Posted April 18, 2018 Share Posted April 18, 2018 Added more BAC, C & JPM today. Link to comment Share on other sites More sharing options...
Spekulatius Posted April 18, 2018 Share Posted April 18, 2018 I was under the impression that you didnt like Chtr Just asking questions. Even if I don’t like a stock, I don’t short it. I do own a bit of CMCSA and like it more, due to lower valuation and leverage. Link to comment Share on other sites More sharing options...
rolling Posted April 19, 2018 Share Posted April 19, 2018 Bought davita yesterday at 64... It is the first buyback window after the announcement of the sale of HCP and it has pulled back a lot. Low earnings multiple, lower tax rate, low net debt after the deal, cannibal, a big runaway for expansion (international), a growing client base and expectations of profit after achieving scale in international markets. Link to comment Share on other sites More sharing options...
boilermaker75 Posted April 19, 2018 Share Posted April 19, 2018 Wrote BK 54-strike, 4/20 expiration for $0.35 per share Link to comment Share on other sites More sharing options...
Lance Posted April 19, 2018 Share Posted April 19, 2018 MO and PM Thanks Lance Link to comment Share on other sites More sharing options...
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