wescobrk Posted January 25, 2014 Share Posted January 25, 2014 Fed might actually pause at 75 on wed if we keep dropping like this. Link to comment Share on other sites More sharing options...
alwaysinvert Posted January 25, 2014 Share Posted January 25, 2014 More pkx Link to comment Share on other sites More sharing options...
Guest 50centdollars Posted January 25, 2014 Share Posted January 25, 2014 More pkx +1 Link to comment Share on other sites More sharing options...
frommi Posted January 27, 2014 Share Posted January 27, 2014 Lukoil Link to comment Share on other sites More sharing options...
ourkid8 Posted January 27, 2014 Share Posted January 27, 2014 I am still waiting for BAC to drop into the $15.xx, everyone, be patient... Tks, S Link to comment Share on other sites More sharing options...
ERICOPOLY Posted January 27, 2014 Share Posted January 27, 2014 I am still waiting for BAC to drop into the $15.xx, everyone, be patient... Tks, S Wow, and to think I waited for two years just to break that level. Link to comment Share on other sites More sharing options...
ourkid8 Posted January 27, 2014 Share Posted January 27, 2014 Eric, we both know BAC is almost a no brainer over the next 2 years. I have about 20-25% of my portfolio in BAC common/warrants / options and would love to continue to add but trying to buy at the bottom of this sell-off. I was lucky to buy near the bottom like yourself but I did not have the balls to go 100% of my portfolio at that price... :) Tks, S I am still waiting for BAC to drop into the $15.xx, everyone, be patient... Tks, S Wow, and to think I waited for two years just to break that level. Link to comment Share on other sites More sharing options...
bmichaud Posted January 27, 2014 Share Posted January 27, 2014 HTZ - trading for less than 10 times its true earnings power of $3 per share. Link to comment Share on other sites More sharing options...
Lance Posted January 28, 2014 Share Posted January 28, 2014 I bought LUKOIL today. Thanks, Lance Link to comment Share on other sites More sharing options...
CorpRaider Posted January 28, 2014 Share Posted January 28, 2014 HTZ - trading for less than 10 times its true earnings power of $3 per share. HTZ intrigues me but in a display of rationality, I recoil due to bad experiences with the old Cendant. Link to comment Share on other sites More sharing options...
bmichaud Posted January 28, 2014 Share Posted January 28, 2014 HTZ - trading for less than 10 times its true earnings power of $3 per share. HTZ intrigues me but in a display of rationality, I recoil due to bad experiences with the old Cendant. hahahah Link to comment Share on other sites More sharing options...
jm25 Posted January 29, 2014 Share Posted January 29, 2014 More Fiat (FIATY) Link to comment Share on other sites More sharing options...
Lance Posted January 29, 2014 Share Posted January 29, 2014 I bought TGLDX (Tocqueville Gold Fund) and LEAPs on IAU and SLV today (Jan. 2016 calls). Thanks Lance Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 29, 2014 Share Posted January 29, 2014 More Fiat (FIATY) +1 Link to comment Share on other sites More sharing options...
ourkid8 Posted January 29, 2014 Share Posted January 29, 2014 I just initiated a small starter position of Citi at $48.15. It is currently 13% below TBV and 34% below book value. CCAR results are just around the corner and I cannot wait for C to continue to repurchase a larger amount of their stock under TBV!!! Tks, S Link to comment Share on other sites More sharing options...
jwfm1985 Posted January 29, 2014 Share Posted January 29, 2014 GNCMA & AAPL Link to comment Share on other sites More sharing options...
LowIQinvestor Posted January 29, 2014 Author Share Posted January 29, 2014 IBM Love the shorts moving in! Link to comment Share on other sites More sharing options...
Matti Posted January 29, 2014 Share Posted January 29, 2014 I opened a position in FIATY. Link to comment Share on other sites More sharing options...
sethatk Posted January 31, 2014 Share Posted January 31, 2014 adding to GNCMA Link to comment Share on other sites More sharing options...
LowIQinvestor Posted January 31, 2014 Author Share Posted January 31, 2014 IBM Get on board- it is worth $240 a share. Link to comment Share on other sites More sharing options...
rpadebet Posted January 31, 2014 Share Posted January 31, 2014 Bought some JPM and GM. Link to comment Share on other sites More sharing options...
wescobrk Posted February 1, 2014 Share Posted February 1, 2014 So far I look like an idiot with citi. I don't understand why bac is trading at 12.5x earnings and citi is at 9.5. I didn't think the market would wait till March 1st and then the banks would shoot up for ccar 3 years in row. I thought it would happen by now. I'm ready for mid march when the dividend raise is announced and in April when citi can start buying back stock. In the aftermarket it was trading at 15 percent discount to tangible book but it earned 8 percent last year and this year is 9 percent on tangible book. The irr is well over 10 percent. Interest rates are at zero and the 10 year treasury is at 2.6 and we are suppose to grow at 3 percent GDP according to Moynihan and other bank ceos with the biggest loan and deposit growth in years. The risk premium with citi is about 800 basis points. I feel like I'm living on an island and no one else sees this. I'm not arguing it should be at 12.5x earnings like back but 9.5? I don't get it. It should at least be at 11x earnings. The bloody earnings rate for the investor is higher than the multiple. And this is a company that earned 4.42 this year, projected by all analysts to earn 5 this year and 5.85 next year. And a dta worth a third of the market cap. That's part of being a value investor willing to look like you are on a deserted island. Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 1, 2014 Share Posted February 1, 2014 So far I look like an idiot with citi. I don't understand why bac is trading at 12.5x earnings and citi is at 9.5. I didn't think the market would wait till March 1st and then the banks would shoot up for ccar 3 years in row. I thought it would happen by now. I'm ready for mid march when the dividend raise is announced and in April when citi can start buying back stock. In the aftermarket it was trading at 15 percent discount to tangible book but it earned 8 percent last year and this year is 9 percent on tangible book. The irr is well over 10 percent. Interest rates are at zero and the 10 year treasury is at 2.6 and we are suppose to grow at 3 percent GDP according to Moynihan and other bank ceos with the biggest loan and deposit growth in years. The risk premium with citi is about 800 basis points. I feel like I'm living on an island and no one else sees this. I'm not arguing it should be at 12.5x earnings like back but 9.5? I don't get it. It should at least be at 11x earnings. The bloody earnings rate for the investor is higher than the multiple. And this is a company that earned 4.42 this year, projected by all analysts to earn 5 this year and 5.85 next year. And a dta worth a third of the market cap. That's part of being a value investor willing to look like you are on a deserted island. Citi has a much bigger presence in EM markets than the other big universal banks. I think the Emerging Market 'crisis' is dragging down C. Investors/traders sell this because they are afraid of the EM exposure. Link to comment Share on other sites More sharing options...
wescobrk Posted February 1, 2014 Share Posted February 1, 2014 They do have a bigger presence but so far I haven't heard of any impairments.. Their max loss to Argentina is less than a billion. If this doesl turn into 97-98 again I can see that but it's a lot different now compared to then. Floating currencies, less external debt. China just released their January pmi at 50.5. They are still expanding. I think within 2 weeks we will shoot upward. I plan to be better protected in the future though. Link to comment Share on other sites More sharing options...
wescobrk Posted February 1, 2014 Share Posted February 1, 2014 It looks like cities max exposure to Argentina is 17 cents a share. They have a lot more exposure to Brazil and Mexico. That would be the time to get worried, if it spread. My comment about it not lasting more than 2 weeks is speculation of course as psychology can feed on itself. My earlier post was trying to wrap my head around the 25 percent discount to bac. If there is contagion with em I suppose that discount is warranted. Mexico seems to be doing quite well. Anyone on thew board follow EM closely? If so, what is the probability of contagion and things getting much worse? Link to comment Share on other sites More sharing options...
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