LC Posted August 4, 2020 Share Posted August 4, 2020 Cashed in my self-imposed last "average down" chip on WFC. Link to comment Share on other sites More sharing options...
Guest eatliftinvestgolf Posted August 5, 2020 Share Posted August 5, 2020 added to wfc over the last few weeks. purchased out of money leaps on MU. Link to comment Share on other sites More sharing options...
CorpRaider Posted August 5, 2020 Share Posted August 5, 2020 WFC Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 5, 2020 Share Posted August 5, 2020 Why are you guys adding WFC now? Link to comment Share on other sites More sharing options...
Gregmal Posted August 5, 2020 Share Posted August 5, 2020 Why buy any bank? Just buy BRK. Link to comment Share on other sites More sharing options...
Guest cherzeca Posted August 5, 2020 Share Posted August 5, 2020 JOE Link to comment Share on other sites More sharing options...
CorpRaider Posted August 5, 2020 Share Posted August 5, 2020 Mild form of mental illness is the most likely reason. Charitable explanation: same reasons Buffett is buying BAC except I'm unfettered by public perception and/or a huge commercial banking relationship with Wells leading to additional regulatory hurdles. I also think it has better franchises (or at least mix of businesses) and more hidden earnings power (like BAC in 2012, but maybe even more). Link to comment Share on other sites More sharing options...
Xerxes Posted August 5, 2020 Share Posted August 5, 2020 Bought RTX (added) and L3 on Monday. Fascinating the RTX break up delivered good value to UTC shareholders that decided to keep Otis and Carrier. I also bought Barry Diller’s InteractiveCorp post-match spin-off. It is the only internet company that is cheap from market value vs sum of the parts AND has a low base for growth. Link to comment Share on other sites More sharing options...
york Posted August 9, 2020 Share Posted August 9, 2020 Added Dundee Precious Metals - Being able to buy these guys on Friday below $10 was a treat I'm not sure we'll see again for a while. Link to comment Share on other sites More sharing options...
kab60 Posted August 11, 2020 Share Posted August 11, 2020 More Cambria Automobiles... US and Chinese auto dealerships having a good time, Motorpoint also back up, but Cambria isn't much up since the lows. No liquidity so takes time to get some shares. Link to comment Share on other sites More sharing options...
jgyetzer Posted August 11, 2020 Share Posted August 11, 2020 IAC, LBRDA Link to comment Share on other sites More sharing options...
Gregmal Posted August 12, 2020 Share Posted August 12, 2020 Bought a few Oct VIX $35 calls as my August ones roll off worthless. Also bought a small bit of BTI. Link to comment Share on other sites More sharing options...
LC Posted August 12, 2020 Share Posted August 12, 2020 Also bought a small bit of BTI Welcome to the club of 5 folks here invested in tobacco. We're always craving the next dividend hit and afraid of cancerous price movement. Link to comment Share on other sites More sharing options...
perulv Posted August 14, 2020 Share Posted August 14, 2020 I've been buying Intel in the last days. The low price, high ROA and long term steadily-ish growing earnings was just too tempting. I have no idea if and/or how quickly AMD will continue to steal market share. But then again, that marked will probably continue to grow. Link to comment Share on other sites More sharing options...
rkbabang Posted August 14, 2020 Share Posted August 14, 2020 I added a little to UI. They should be releasing earnings soon and with everyone working from home and companies large and small upgrading networking equipment, I think the expected earnings are way too low. Also they have been buying back shares and I expect they bought back a lot when prices were low. Even if I'm wrong about this qrt this is a long term hold for me. Link to comment Share on other sites More sharing options...
Castanza Posted August 14, 2020 Share Posted August 14, 2020 I've been buying Intel in the last days. The low price, high ROA and long term steadily-ish growing earnings was just too tempting. I have no idea if and/or how quickly AMD will continue to steal market share. But then again, that marked will probably continue to grow. Same, not to mention there are over a dozen segments which AMD doesn't compete with Intel in. Link to comment Share on other sites More sharing options...
Saluki Posted August 14, 2020 Share Posted August 14, 2020 been picking up a little kinder morgan (KMI) whenever it dips below 15. Still a small position, but I think I'll have some time to build on it as I sell off other things i own that get fully priced. Link to comment Share on other sites More sharing options...
LC Posted August 14, 2020 Share Posted August 14, 2020 I added a little to UI. They should be releasing earnings soon and with everyone working from home and companies large and small upgrading networking equipment, I think the expected earnings are way too low. Also they have been buying back shares and I expect they bought back a lot when prices were low. Even if I'm wrong about this qrt this is a long term hold for me. Thoughts on competition from cheaper producers (mostly foreign e.g. tp-link)? Ubiquiti makes great products. And I think from an investment perspective they are attractive in certain lights (crackdown on Chinese networking gear, for example). But ultimately how do you get comfortable paying 35-40x earnings for a networking hardware producer? That is what is keeping me from dipping toes in. Link to comment Share on other sites More sharing options...
rkbabang Posted August 14, 2020 Share Posted August 14, 2020 I added a little to UI. They should be releasing earnings soon and with everyone working from home and companies large and small upgrading networking equipment, I think the expected earnings are way too low. Also they have been buying back shares and I expect they bought back a lot when prices were low. Even if I'm wrong about this qrt this is a long term hold for me. Thoughts on competition from cheaper producers (mostly foreign e.g. tp-link)? Ubiquiti makes great products. And I think from an investment perspective they are attractive in certain lights (crackdown on Chinese networking gear, for example). But ultimately how do you get comfortable paying 35-40x earnings for a networking hardware producer? That is what is keeping me from dipping toes in. Yes the valuation has gotten a little rich. I bought most of my shares in 2017 and have only added a little bit here and there since. Basically I like the management and the products and how they run such a light operation, yet still manage to compete with the big guys. If it's one mistake I make over and over again it is selling companies that are doing great with management I like because of valuation (like when I bought NFLX under $3 (split adjusted) and sold at $11). I'm trying to learn to add to my winners not sell them every time they seem a little expensive. Link to comment Share on other sites More sharing options...
Gregmal Posted August 14, 2020 Share Posted August 14, 2020 RBACU Link to comment Share on other sites More sharing options...
Lance Posted August 15, 2020 Share Posted August 15, 2020 This week I: Added to BTI and Fairfax India, Started a new position in INTC, and Wrote puts on BTI and HL. Thanks Lance Link to comment Share on other sites More sharing options...
WayWardCloud Posted August 15, 2020 Share Posted August 15, 2020 Added a little bit to Live Nation (LYV) and Liberty Global (LBTYK) Link to comment Share on other sites More sharing options...
capitalg Posted August 16, 2020 Share Posted August 16, 2020 This week I: Added to BTI and Fairfax India, Started a new position in INTC, and Wrote puts on BTI and HL. Thanks Lance Lance, do you mind sharing strike and expiration on the BTI puts you wrote? Thanks! Link to comment Share on other sites More sharing options...
Lance Posted August 16, 2020 Share Posted August 16, 2020 Hi capitalg, $35 exp 8/20/21 @ $6.20 Thanks Lance Link to comment Share on other sites More sharing options...
capitalg Posted August 16, 2020 Share Posted August 16, 2020 Thanks, I think BTI is interesting around these levels. I don’t have much experience with options, but always interested in learning. Is there a reason you chose that strike? My inclination would have been to go a little out of the money (but again I don’t really have any experience, that was based on an initial gut feel). Link to comment Share on other sites More sharing options...
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