Spekulatius Posted December 3, 2019 Share Posted December 3, 2019 Added to DD and CTVA. Link to comment Share on other sites More sharing options...
BG2008 Posted December 3, 2019 Share Posted December 3, 2019 Added to DD and CTVA. Spek, you've traded DD and CTVA better than anyone that I know Link to comment Share on other sites More sharing options...
boilermaker75 Posted December 3, 2019 Share Posted December 3, 2019 Wrote HPQ 19-strike Nov 22 expiration puts for $0.35 per share--a risk arbitrage play. Wrote some HPQ 19.5-strike Nov 29 puts for $0.40 per share. Wrote some more HPQ 19.5-strike Nov 29 expiration puts and some 19.5-strike Dec 6 expiration puts. Wrote HPQ 19.5-strike Dec 13 expiration puts, $0.41 per share. Link to comment Share on other sites More sharing options...
sleepydragon Posted December 3, 2019 Share Posted December 3, 2019 Added to DD and CTVA. Spek, can you talk about what’s the reasoning for buying DD? Link to comment Share on other sites More sharing options...
Spekulatius Posted December 3, 2019 Share Posted December 3, 2019 Added to DD and CTVA. Spek, can you talk about what’s the reasoning for buying DD? 3) reasons: 1) products with pricing power 2) cheaper than peers (MMM) 3) strong management (Breen with Tyco pedigree) willing to optimize shareholder value That said, it’s held back by weakish economy in the business it operates and tariff concerns. Link to comment Share on other sites More sharing options...
Spekulatius Posted December 3, 2019 Share Posted December 3, 2019 Added to DD and CTVA. Also adding to CCU. Link to comment Share on other sites More sharing options...
fareastwarriors Posted December 3, 2019 Share Posted December 3, 2019 Added to DD and CTVA. Also adding to CCU. Why CCU? or why add now? Link to comment Share on other sites More sharing options...
Lance Posted December 3, 2019 Share Posted December 3, 2019 Wrote puts on TPR, bought KMI and RDSb. Thanks Lance Link to comment Share on other sites More sharing options...
Spekulatius Posted December 3, 2019 Share Posted December 3, 2019 Added to DD and CTVA. Also adding to CCU. Why CCU? or why add now? Because it’s down 3.5% and it’s cheap. Even protesters like beer and get thirsty. Link to comment Share on other sites More sharing options...
Castanza Posted December 4, 2019 Share Posted December 4, 2019 Started position in WMB Link to comment Share on other sites More sharing options...
Gregmal Posted December 5, 2019 Share Posted December 5, 2019 Added a little DD under 62. Sold some CLF to fund it and pay down a bit of margin. Still like CLF but I dont totally care to play the acquisition game in an overweigh fashion. Link to comment Share on other sites More sharing options...
CorpRaider Posted December 6, 2019 Share Posted December 6, 2019 VIAC, where no money has gone before. Link to comment Share on other sites More sharing options...
Gregmal Posted December 6, 2019 Share Posted December 6, 2019 Bought a few shares of BLUE after hours. Not sure why the company would post great news Friday after the close, but its an opportunity for me to make money, so I'll take it. Link to comment Share on other sites More sharing options...
Spekulatius Posted December 6, 2019 Share Posted December 6, 2019 Added a little DD under 62. Sold some CLF to fund it and pay down a bit of margin. Still like CLF but I dont totally care to play the acquisition game in an overweigh fashion. Same here. I also got another lot of CVTA. Link to comment Share on other sites More sharing options...
Dynamic Posted December 11, 2019 Share Posted December 11, 2019 Wrote some FIT puts at $6.50 strike expiring 3,10,17,24 days out, replacing and adding to some that expired on Friday last week. I had also written some BRK.B $217.50 strike puts last week expiring this Friday. Link to comment Share on other sites More sharing options...
gjangal Posted December 11, 2019 Share Posted December 11, 2019 WORK - I have a one liner thesis for Slack. Corporate facebook with a $85 ARPU. Just need to get to 50 mn paid subs which is is doable i think. MTCH - Huge addressable market still left. Network effects. Promising customer segmentation strategy. 22% unit growth in subscribers. Link to comment Share on other sites More sharing options...
Spekulatius Posted December 11, 2019 Share Posted December 11, 2019 WORK - I have a one liner thesis for Slack. Corporate facebook with a $85 ARPU. Just need to get to 50 mn paid subs which is is doable i think. MTCH - Huge addressable market still left. Network effects. Promising customer segmentation strategy. 22% unit growth in subscribers. Facebook has already a corporate Facebook version. Work looks more like Discord to me. I actually heard that some upstarts use Discord. Link to comment Share on other sites More sharing options...
Spekulatius Posted December 11, 2019 Share Posted December 11, 2019 Added some CMCSA. Link to comment Share on other sites More sharing options...
HalfMeasure Posted December 11, 2019 Share Posted December 11, 2019 VIAC, where no money has gone before. What are your thoughts here? Link to comment Share on other sites More sharing options...
CorpRaider Posted December 11, 2019 Share Posted December 11, 2019 VIAC, where no money has gone before. What are your thoughts here? Basically the same thing as set forth here: http://yetanothervalueblog.com/ (including concerns about controlling shareholder...) But I like the funnel in for content with Simon and Shuster and the "selling of the picks and shovels to the miners" kind of strategy for streaming wars (maybe even the cost-plus producing shows they don't own isn't anathema...it works ok for defense contractors); also the single product licensing function for the company seems like a great move; they have historically totally blown it with Star Trek (as compared with Wars) imop. It's obviously cheap AF, even before any "synergies" (assuming they are soon to be destroyed). Seems like there's maybe a catalyst with Bakish talking about re-upping their buyback authorization. I also kind of like Bakish (having watched maybe ten interviews with him) he doesn't seem like a smooth bullshitter, Hollywood ceo. Link to comment Share on other sites More sharing options...
HalfMeasure Posted December 11, 2019 Share Posted December 11, 2019 VIAC, where no money has gone before. What are your thoughts here? Basically the same thing as set forth here: http://yetanothervalueblog.com/ (including concerns about controlling shareholder...) But I like the funnel in for content with Simon and Shuster and the "selling of the picks and shovels to the miners" kind of strategy for streaming wars (maybe even the cost-plus producing shows they don't own isn't anathema...it works ok for defense contractors); also the single product licensing function for the company seems like a great move; they have historically totally blown it with Star Trek (as compared with Wars) imop. It's obviously cheap AF, even before any "synergies" (assuming they are soon to be destroyed). Seems like there's maybe a catalyst with Bakish talking about re-upping their buyback authorization. I also kind of like Bakish (having watched maybe ten interviews with him) he doesn't seem like a smooth bullshitter, Hollywood ceo. Thanks, you bring up good points - I was surprised John Malone was so negative on both the "arms dealer" strategy with content (which has worked well for the record labels when it comes to streaming) and the cost-plus arrangements (especially where rights revert back after an initial period), as well your point on product licensing is an interesting one that I haven't seen discussed much elsewhere. Link to comment Share on other sites More sharing options...
gjangal Posted December 11, 2019 Share Posted December 11, 2019 WORK - I have a one liner thesis for Slack. Corporate facebook with a $85 ARPU. Just need to get to 50 mn paid subs which is is doable i think. MTCH - Huge addressable market still left. Network effects. Promising customer segmentation strategy. 22% unit growth in subscribers. Facebook has already a corporate Facebook version. Work looks more like Discord to me. I actually heard that some upstarts use Discord. Spek, To clarify i meant it as a comparison. Slack’s growth and engagement has been as viral as facebook. Adoption is better than corporate facebook in terms of paying users. I believe they have a long runway. Timing of my buy couldn’t have been worse given today’s price action Link to comment Share on other sites More sharing options...
Gregmal Posted December 11, 2019 Share Posted December 11, 2019 shorted some EVER Link to comment Share on other sites More sharing options...
Gregmal Posted December 11, 2019 Share Posted December 11, 2019 shorted some EVER closed for $1.5 in a half hour Link to comment Share on other sites More sharing options...
Gregmal Posted December 11, 2019 Share Posted December 11, 2019 Started a small position in PLCE under 55. May write it up later... Interesting company in an interesting space. Yes...retail Link to comment Share on other sites More sharing options...
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