Value Investing and Longer Term Investing - Page 111 - Business, Finances and Investing Forum

What are people's thoughts on Berkshire? They have been hoarding cash for a long time and will probably make a bunch of brilliant moves during this crash, however they are also heavily invested in airlines and I don't love their American bank holdings either. I assume their insurance holdings may be hit particularly hard too during this downturn.

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03-18-2020 , 11:44 AM

#2753

Xaston

Pooh-Bah

Join Date: Oct 2005 Posts: 4,529

Can someone explain to me why I shouldn't buy a bunch of SYF down here?

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03-19-2020 , 04:32 AM

#2754

Shoe

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 11,869

The recent downturn is just yet another example of why stock buybacks are not shareholder friendly. Executives are poor investors, always repurchasing while the stock price is high, suspend when it is low, and continue to just vaporize shareholder wealth whenever they do so.

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03-19-2020 , 05:56 AM

#2755

WorldBoFree

old hand

Join Date: Dec 2009 Posts: 1,599

Wondering about Live Nation. They have a monopoly on the entire entertainment business. Ticketing, venues, promotors, etc. stock has been absolutely hammered for good reason. I need to do more research....

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03-19-2020 , 06:17 AM

#2756

ahnuld

Carpal \'Tunnel

Join Date: May 2005 Posts: 17,592

Quote:

Originally Posted by coordi

Looks like NTS might be dying. Big bummer. Had candy coated dreams of 10x-ing another stock

why you say that? They have 15c per share in cash

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03-19-2020 , 06:19 AM

#2757

ahnuld

Carpal \'Tunnel

Join Date: May 2005 Posts: 17,592

Quote:

Originally Posted by WorldBoFree

why not buy BKNG instead? cheaper, better balance sheet, better model

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03-19-2020 , 06:28 AM

#2758

Timogen

journeyman

Join Date: Jul 2007 Posts: 242

Quote:

Originally Posted by bigt2k4

The investments in Delta, Heinz and Occidental Petroleum are all troubling. The airline and shale businesses may be never be the same. There has to be much better companies to buy that don't hold these dogs. Why not wait to see what Warren uses his cash on and buy them as he does?

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03-19-2020 , 09:15 AM

#2759

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,844

Quote:

Originally Posted by ahnuld

why you say that? They have 15c per share in cash

Just the price action from mid 30s to now. It was on a slow and steady decline for weeks, even before the CV stuff. But as you and 2k4 pointed out, they have almost the cap in cash.

My cost basis was ~45, but I've bought as close to 15 as I can a few times since that post

Quote:

Originally Posted by ahnuld

why not buy BKNG instead? cheaper, better balance sheet, better model

That **** expensive af lol. Could see some 1750-2000 leaps truly printing if can get in at the right time though. Looks like not much of a price difference

Last edited by coordi; 03-19-2020 at 09:24 AM.

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03-19-2020 , 09:28 AM

#2760

bigt2k4

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 15,296

Quote:

Originally Posted by Timogen

Because he's buying now and when people see what he bought I may have missed out on 10-20% of the gains?

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03-19-2020 , 09:30 AM

#2761

bigt2k4

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 15,296

Thoughts on Magellan? If Boeing fails obviously they would be in trouble too, but planes will still be built and their market cap is half their book and they have little to no debt

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03-25-2020 , 02:49 PM

#2762

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

PRPL people eaters, still long on the stock?

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03-27-2020 , 06:56 PM

#2763

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

TS, you've said that owning precious metals is "pointless". Over the last 5 years gold has returned 39.27%, and the s & p has returned 23%. Not too shabby for a pointless metal! Even assuming if you had a good manager that could bump it to 30%, you'd still be getting beat by gold. Sad!

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03-28-2020 , 11:31 AM

#2764

A_C_Slater

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 8,343

TS is from an old money family and he FUDs against gold to suppress the price so they have more time to accumulate before the global monetary reset. Being an oligarch he knows damn well that gold is money and everything else is credit.

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03-28-2020 , 05:54 PM

#2765

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,844

That is a bit disingenuous as gold is down over the last 8 years and even more over the last 12 years

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03-29-2020 , 12:38 PM

#2766

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

Quote:

Originally Posted by coordi

That is a bit disingenuous as gold is down over the last 8 years and even more over the last 12 years

Yes it was a bit of cherry picking on my part, and I firmly believe there's way more money to made in equity and bond markets, just wanted to throw some shade towards the "useless" statement. No one gets rich from keeping a lump of metal under their mattress.

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03-29-2020 , 08:56 PM

#2767

WorldBoFree

old hand

Join Date: Dec 2009 Posts: 1,599

Quote:

Originally Posted by ahnuld

why not buy BKNG instead? cheaper, better balance sheet, better model

Hmmm not sure. Does BKNG have the moat the Live Nation has? The ticketing and owning part of the secondary ticketing market alone, alone is a monopoly. Add the ownership of venues, promoters, festivals, labels.

The other one is AEG.

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03-30-2020 , 08:47 PM

#2768

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by WorldBoFree

A quick glance shows that LIV has lost money over the last five years while increasing debt load and not increasing book value per share. A monopoly that is unprofitable isn't typically a great play.

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03-31-2020 , 03:43 AM

#2769

adios

Carpal \'Tunnel

Join Date: Sep 2002 Posts: 22,530

Quote:

Originally Posted by Love Sosa

Quote:

Originally Posted by coordi

That is a bit disingenuous as gold is down over the last 8 years and even more over the last 12 years

Cmon market timing ftw.

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04-01-2020 , 01:45 PM

#2770

A_C_Slater

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 8,343

How does one construct an all weather portfolio in a future where the FED will basically own the SP 500 and make free market price discovery obsolete? I am thinking one part short term bonds SHY (1-3 year treasury bonds) to cover deflation. One part gold to cover hyperinflation and one part SPY (stagflation?) in case the FED can make corporate fascism work in the long run.

34% SPY or VOO (for expense ratio nits)
33% SHY
33% GOLD

Backtested to 1977 this simple portfolio has a CAGR of 8.20% and a max drawdown of 17%.

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04-01-2020 , 02:09 PM

#2771

papillon_

old hand

Join Date: May 2013 Posts: 1,467

Hi new to this thread, anyone have any thoughts on JPMorgan going forward? Also any recommendations for consumer staples with good balance sheets?

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04-02-2020 , 05:19 AM

#2772

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,335

Airbus should be interesting once it's clearer how many airlines go bust and order cancellations start coming in en masse

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04-03-2020 , 01:21 PM

#2773

PuckFokerGo

adept

Join Date: Jun 2017 Posts: 1,089

What stocks on the TSE are my fellow Canadians looking to get long in?

I'm looking at T, ATD.B and finally AC for a gambool

It's highly unlikely I'll enter any of these positions before May and might even wait until July or later.