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what are you selling today?


muscleman

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Sold BAM, 105% net long now.

 

My US holdings are down to Berkshire, Altria, Berry Global, Asbury Automotive and Fiserv... Resilient and liquid stuff that ESG-investors despise with lots of buyback capacity incoming and a decent counterbalance to my illiquid smallcaps in Europe and Hong Kong... I'm always fully invested, but I'm speculating a bit on macro with buys on margin, and I can't say I like the current environment, so I'm dialing down... Considering how insanely crazy some stuff is priced, and possibly risk of inflation and higher rates, I find it quiet interesting that one can still buy something like BTI at close to a 9 pct. dividend yield with SD expected EPS growth going forward. Altria had a decent run since I got back in, but it's still cheap for one of the best businesses in the world. I have a close to taxfree account which I've stuffed with anti-ESG, high dividend paying stuff like Altria, BTI, WMB, ENB and KNOP. It's basically 50-50 tobacco and NG pipelines/shuttle tankers.

Why do you sold BAM?

To dial down margin, I don't find it particularly cheap. And I can't stand their constant talk about plan value.

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  • 2 weeks later...

Sold MAA. Had discussed this one with many folks in later half of Q4. Said it was a super conservative, no brainer Sun Belt play and you could get 10-15% 2021 return with your eyes closed. Got it in 2.5 months. You're welcome.

 

From here I think there's less ripe risk adjusted fruit.

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Sold MAA. Had discussed this one with many folks in later half of Q4. Said it was a super conservative, no brainer Sun Belt play and you could get 10-15% 2021 return with your eyes closed. Got it in 2.5 months. You're welcome.

 

From here I think there's less ripe risk adjusted fruit.

Agreed, I had added to MF REITs in an IRA in January, sold those additions today for 12-27% (basket approach with ESS/EQR/CPT/MAA

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Sold some INTC and WFC, still like both, but I'm wanting to start raising some cash and both have run up quite a bit. Want to be about 50% cash going into Q3.  Not a market timer, but has been harder to ignore that everyone and their brother (including my own) is speculating in the market right now. I don't see how the enthusiasm can get any higher, although maybe it can.

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MMAC and CRBBF (Corby).

 

Any insight into what caused that momentary spike in MMAC share price today?

 

I have no idea. It is a thinly traded stock and there were some sellers just a few days ago when a leadership change was announced, but the stock since has bounced back. The 10-k is supposed to get filed soon.

 

Perhaps someone knows something, perhaps not. Anyways, I cashed my few shekels from the short term trade and moved on.

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