rpadebet Posted August 11, 2015 Share Posted August 11, 2015 Am I alone in having this problem? Many seem to be buying hand over fist. I just don't see many obvious buys. I don't see any obvious buys. Fairfax and BRK are closest to being buys for me... Well, maybe oil sector, but that's also not obvious. ;) Been selling a lot too recently. Out of MSFT,EBAY,AAPL, MTB warrants, NOV, half of AMZN etc. total exposure cut by half almost. Waiting to cut AIG as well. Only invested in things with long term value (5+ years). I don't believe investments with positive catalysts will pan out in the near future. Recent buys include FAST,RX,INP.V, PKTEF, LILAK Hoping for a nice correction in the next 12 months. Link to comment Share on other sites More sharing options...
tombgrt Posted August 11, 2015 Share Posted August 11, 2015 Tom did you look at RX (Biosyent) , DAP-U (XPEL) - great micro-caps trading at reasonable valuation in my opinion. decent CEO... I believe RX still expects 35% growth and 50% for XPEL they have been growing without debt or equity financing - a ver attractive figure for me (also why I like BRK and CSU... great companies don't need to issue shares or take on significant debt). Gary Also starting to run out of ideas, especially in the US. Seeing very little that I could invest 20%+ of my portfolio in and that offers 100%+ potential without too much risk. :( After selling NTLS I'm "stuck" with 33% cash. Don't feel like buying large caps with maybe 50% upside or compounders that are decently priced either. This too requires patience I guess. Am I alone in having this problem? Many seem to be buying hand over fist. I just don't see many obvious buys. Have you looked at Bank of Cyprus? This is similar to Eurobank except that this should be safer. Wilbur Ross owns 19% of this company. http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/bocr-at-bank-of-cyprus/ Only briefly but it didn't seem as attractive at first sight. In hindsight of course neither was Eurobank! Definitely was lucky there. I haven't yet but have seem those topics fly by. :) Very hard to read everything here these last few years so sometimes I miss a few. Thank you for the heads-up, I'll look them up! Link to comment Share on other sites More sharing options...
rb Posted August 11, 2015 Share Posted August 11, 2015 Well RR is a pretty obvious buy. I'm not sure that WMT is that obvious but I think it's on the cheaper side right now. I'm not so keen on FFH. But yes BRK is somewhere around reasonably priced. It's a bit trickier for me to buy more cause it's already above 10% of the portfolio. But what's so wrong about buying a company like BRK around a reasonable valuation? Especially in an environment like this when you have many iffy companies trading at lofty multiples. Now, over 5 years maybe it will outperform an index or maybe not. If it doesn't I don't think it will be a terrible underperformance. One thing I'm pretty sure of is that it'll make a lot of money over the next 5 years, it'll be worth more after 5 years and it'll definitely outperform cash. Oh, and I think one will sleep pretty good owning BRK over the next 5 years. I think that's probably worth something too. Link to comment Share on other sites More sharing options...
rb Posted August 11, 2015 Share Posted August 11, 2015 Been selling a lot too recently. Out of MSFT,EBAY,AAPL, MTB warrants, NOV, half of AMZN etc. total exposure cut by half almost. Waiting to cut AIG as well. Only invested in things with long term value (5+ years). I don't believe investments with positive catalysts will pan out in the near future. Recent buys include FAST,RX,INP.V, PKTEF, LILAK Hoping for a nice correction in the next 12 months. I'm curious, may I ask why you've sold out of MSFT? I've pared back as well over the past couple of years based on valuation. By why sell out if you don't need cash? Just valuation or do you have something about the business you don't like? Link to comment Share on other sites More sharing options...
rpadebet Posted August 11, 2015 Share Posted August 11, 2015 Been selling a lot too recently. Out of MSFT,EBAY,AAPL, MTB warrants, NOV, half of AMZN etc. total exposure cut by half almost. Waiting to cut AIG as well. Only invested in things with long term value (5+ years). I don't believe investments with positive catalysts will pan out in the near future. Recent buys include FAST,RX,INP.V, PKTEF, LILAK Hoping for a nice correction in the next 12 months. I'm curious, may I ask why you've sold out of MSFT? I've pared back as well over the past couple of years based on valuation. By why sell out if you don't need cash? Just valuation or do you have something about the business you don't like? Needed cash, had 140% exposure on margin earlier this year. Didn't sell MSFT because i think its over valued. I think they have a decent strategy now and runway with cloud. But it will take time and investment to show up in earnings. I had too much tech and financial large caps over the last couple of years. Did well. I think the valuations have now become more reasonable. Forward growth there is not as attractive, so scouting for other smaller fast growers. I will do large caps only if they are very cheap or growth runway is very attractive relative to price. I am looking for 20%+ returns annually, so multiple expansion from valuation + dividends alone wont get me there, need growth and growth runway so I don't have to keep replacing these every year. Also avoiding margin leverage in the short run, until this rate hike, china devaluation, oil decline etc plays out. Link to comment Share on other sites More sharing options...
Guest notorious546 Posted August 11, 2015 Share Posted August 11, 2015 sold pcp, although i'm not a huge fan of the deal for shareholders. seems likely that deal will go through on current offer. proceeds moved into CMPR and BAM Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted August 11, 2015 Share Posted August 11, 2015 I sold a little FICO Monday because I needed some cash. I've held for almost 5 years and it was my first purchase so it was tough to sell. I really didn't want to sell either ELDO or MCO so the FICO sale was forced. I'm extremely concentrated and I have 20%+ cash over all accounts. That summarizes my opinions on the market opportunities pretty well. I sold <1/4 of my stake in FICO and it's still a 20%+ allocation. Link to comment Share on other sites More sharing options...
Jurgis Posted August 11, 2015 Share Posted August 11, 2015 Been selling a lot too recently. Out of MSFT,EBAY,AAPL, MTB warrants, NOV, half of AMZN etc. total exposure cut by half almost. Waiting to cut AIG as well. Well, I bought some AAPL and NOV recently. ;) Not obvious buys though. Link to comment Share on other sites More sharing options...
Jurgis Posted August 11, 2015 Share Posted August 11, 2015 Well RR is a pretty obvious buy. RR is totally not obvious to me. ;) Link to comment Share on other sites More sharing options...
rb Posted August 11, 2015 Share Posted August 11, 2015 Well RR is a pretty obvious buy. RR is totally not obvious to me. ;) well you do have to squint a bit Link to comment Share on other sites More sharing options...
Jurgis Posted August 11, 2015 Share Posted August 11, 2015 Well RR is a pretty obvious buy. RR is totally not obvious to me. ;) well you do have to squint a bit It might work well out for you, but for me it's too much of a turnaround plus complex accounting. A pass. :) Link to comment Share on other sites More sharing options...
bskptkl Posted August 11, 2015 Share Posted August 11, 2015 KCLI, ITIC, Fujimak (TSE:5965) I own and kinda like ITIC...seems reasonable to me at roughly book value. Link to comment Share on other sites More sharing options...
John Hjorth Posted October 27, 2016 Share Posted October 27, 2016 Reduced CHR.CPH [Chr. Hansen Holding A/S] from a small position [~1.5%] to a tracker position, yesterday, at quarterly reporting, at a gain of ~50% in about 18 months. Despite good progress and growth for the company, a P/E at around 40 makes no sense to me at the moment. Link to comment Share on other sites More sharing options...
DooDiligence Posted October 30, 2016 Share Posted October 30, 2016 Maybe Apple (someone talk me out of it!) Link to comment Share on other sites More sharing options...
Jurgis Posted November 9, 2016 Share Posted November 9, 2016 Sold a bunch of stuff today. Good day to raise cash and clean portfolio. Sold some stuff yesterday too. Link to comment Share on other sites More sharing options...
LC Posted November 10, 2016 Share Posted November 10, 2016 Sold about 1/3 of my BAC position (all commons). Would like to repurchase at some point, but we'll see what the market does. Link to comment Share on other sites More sharing options...
Lance Posted November 17, 2016 Share Posted November 17, 2016 Sold a basket of Canadian marijuana stocks over the last two days. Thanks Lance Link to comment Share on other sites More sharing options...
VAL9000 Posted November 18, 2016 Share Posted November 18, 2016 A little (or a lot) of everything. At about 70% cash now. We'll see what happens, but I'm going to be sitting on the sidelines for a while. Link to comment Share on other sites More sharing options...
scorpioncapital Posted November 18, 2016 Share Posted November 18, 2016 I trimmed a bit of everything, around 5% of the portfolio. I'm too afraid stocks double from here to trim substantially. Link to comment Share on other sites More sharing options...
Rainforesthiker Posted November 18, 2016 Share Posted November 18, 2016 Sold some EZPW at $11.20 yesterday Link to comment Share on other sites More sharing options...
rb Posted November 18, 2016 Share Posted November 18, 2016 I'd like to trim some stuff but I can't really :(. Some positions like WFC I still think is undervalued, others have large gains on them which will trigger lots of taxes and I have plenty of cash around. Just a heads up that some very interesting companies have been selling hard for a while and the election accelerated the selling. Could get interesting. Link to comment Share on other sites More sharing options...
John Hjorth Posted December 27, 2016 Share Posted December 27, 2016 VRX Link to comment Share on other sites More sharing options...
John Hjorth Posted March 10, 2017 Share Posted March 10, 2017 SAN [the large chunk of the position, that I bought at Brexit Day - sold at 5.80, bought at 3.88]. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 10, 2017 Share Posted May 10, 2017 DISCK - I think my thesis is broken after the earnings report. Cordcutting increasingly seems to become a strong headwind. Link to comment Share on other sites More sharing options...
bskptkl Posted May 10, 2017 Share Posted May 10, 2017 Sold my last shares of ITIC at 2.3x book after owning shares for at least 10 years. This stock traded for 2/3 book in 2011. Consistent 7-12% ROE every year. It was a pleasure owning but getting ridiculous at current prices. Link to comment Share on other sites More sharing options...
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