11.02.2021 Portfolio Update (Monthly Edition)
"If one wants to be active, one mustn’t be afraid to do something wrong sometimes, not afraid to lapse into some mistakes.” - Vincent Van Gogh
Welcome everyone to the new monthly edition of my From $100,000 to $1,000,000!
A quick update before we begin, I would like to notify everyone that I will be moving my deep dive research from Water Shallow Research to here as a separate sub-substack to keep everything under one umbrella.
I experimented, I didn’t like it, moving on!
That means that within the next few weeks I will move my Deep Dive on $IAC and $VMD to this substack and until then I will have those two posts open to everyone to see.Once they are on this newsletter they will be only available for my paid subscribers.
My goal will still be to try to release a new deep dive everyone month, but it will be more like every month or so, no hard dates.
Next deep dive in work is on $LKQ.
Here is the breakdown of this week’s newsletter:
P&L Snapshots + Account Details w/ Monthly P&L
Portfolio Update With Stocks Discussion
P&L Snapshots + Account Details w/ Monthly P&L
Portfolio Update With Stocks Discussion*
*I’m NOT a financial advisor, and everything on this substack is of my personal opinion and all of this is for educational and informational purposes only. Always do your own research and your own due diligence.*
First the portfolio…
Stocks + Options
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…and now the discussion…
I’ll start of with the fact that I sold my $SGC shares for a small profit. I went into details in my last week’s post, but basically things are not looking too good and I got out before the earnings. I still have my put options on so if anything would consider getting back in at much lower prices then my previous buy. But I don’t know… doesn’t feel like the right more on my part to keep it at least right now.
Next more dividends:
Otherwise just pretty much waiting, depending on how things play out this week might sell out of my $OPBK above $12 and put them into something else. But I already jinxed my OPBK trade ones before by saying I’m looking to sell it.
Continuing with earnings from last week:
Not much to really say, except that Twitter is still experimenting and trying out things. I told myself I will give them three years (based on the plan they put out) to execute and show results.
This is why I like to listen to earnings call. When you look at the Forecasts it seems that $OPRA beat all expectations, but when you listen to the Q&A section things are not so rosy. Although I’m still giving management benefit of the doubt, when they got questioned on many things on regards to execution and especially in North America markets, management gave really vague answers/try to dodge answering some questions.
That is not what I like to hear and so I don’t own shares, I have call options that look like will expire worthless (as of today that is) but we will see, I do have some put options that may or may not get filled at $7.50 and $5.
I do like the stock below $5 dollars based on the SOTP valuation.
Beautiful execution! Paying down debt, strategically expending in Europe, started dividend (because of all the cash they have), buying back stock… what else can I ask for!
Although not much growth to be seen, I believe $LKQ can and will grow above inflation and is well positions for both good and bad times.
Old Republic International Corp
No major changes, things are moving slow and steady. I will be reevaluating on next earnings otherwise just collecting dividends.
Unfortunately I was unable to listen to live earnings call today and recording is not available yet, but from reading Viemed Healthcare Announces Third Quarter 2021 Financial Results I can say that not much has changed and number of ventilator patient count increased to 8,200 and the rest I would need to listen to earnings calls.
For the month of October I have listened to two books.
Deep Value Investing, 2nd edition: Finding Bargain Shares with BIG Potential by Jeroen Bos is a good book for anyone who is interested in deep value with examples of actual investments that where done in Europe.
But if you are not really into a deep value game, I would say you can skip it.
I give it 3.5 out of 5 stars.
The Great Mental Models: General Thinking Concepts by Shane Parrish is the second audiobook that I listened to and this one is all around book for general thinking concepts to all to your thinking toolbox.
A must read if you are Charlie Munger fan!
I give it 4 out of 5 stars.
For this month, here are two things to munch on…
Enron, Ep 1: Potemkin Village By Bad Bets - (Apple Podcast)
10 truths about the stock market by Sam Ro, CFA - (Substack Article)
Chris Bloomstran - Taking Principled Stances by The Business Brew - (Apple Podcast)
Thank you for reading all the way to the end.
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