Independent Investor and small business entrepreneur. Mostly high upside small caps, but value plays as well. Do your own due diligence.
Not financial advice.
As we settle into earnings season, I decided to post something new to pin to my profile. I want to be transparent about my successes and failures, so this will stay here for awhile so people can see just how I am doing.
Here are all of my current holdings with my average cost, listed alphabetically by ticker-
$CVS-Bought at $46.12*
$DLO- Bought at $13.49
$FOUR- Bought at $67.43
$GOOGL- Bought at $97.46
$GRBK- Bought at $19.85
$HIMS- Bought at $8.07
$META- Bought at $156.25
$OUST- Bought at $4.81
$PYPL- Bought at $68.49*
$PGY- Bought at $12.15
$REAX- Bought at $4.35
$ROOT- Bought at $93.16
$SMWB- Bought at $7.07
$UPS- Bought at $89.05*
$VITL- Bought at $11.58
These are weighted average prices. *indicates positions I do not own in my portfolio, but companies I have bought in managed accounts in addition to the others listed.
I sold $META today. I was up 300% and feel like it won't be making a run like it has since I bought it. Great company, great future, but I think there are better opportunities. The CapEx spending is just getting crazier and crazier, and I would rather take my capital out of it to put to work elsewhere where I am more confident.
All of that CapEx long term may be the right move, but the next couple of years that will put a lot of pressure on EPS. Love the company still, I just don't see a crazy amount of movement in the next few years.
What stocks are you considering buying given the recent sell off? $RDDT is one I have started to look into. $ZETA is another. $SYM I still have not quite gotten myself to pull the trigger on ever since my deep dive on it.
$PGY and $REAX I added to this morning.
What's caught your eye?
@Nasiraltaf91 I agree in seeing them as benefiting from AV more than anything. It’s a ton to invest in, but the user base they have sure gives them a head start in that budding market
@dickiedosh1 $LMND might be bound to being volatile. Not a bad thing for people that can stomach that.
$REAX I bought a bunch this morning. Not a nibble for me haha
$REAX is dropping once again. Today alone it is down to $2.59, -10%.
They named Ken Pozek to the board yesterday. The main thing highlighted in that release was his place as a voice for Real Estate Agents on the board. I believe the market is less concerned about the voice of the agents as they are the shareholders. It's important to keep the voice of agents though because of the nature of the company. If you cannot keep your agents happy, they will leave, and then you have no business.
There is a danger of favoring agents too much though. And I think that is where there is concern from sellers. Agents already have very attractive financial incentives with Real. Maybe there is a concern that they will go even deeper there and delay material profitability even longer.
The company needs to show legitimate value for shareholders on the next earnings report. They don't need to show what they are doing for agents if it is not to the benefit of the shareholder. We need to see the company go on offense for ancillary services. I think Pozek is a wonderful person to add to the board. He has a ton of success in the industry beyond just his own brokerage. However, I think it might have been more compelling to shareholders to add someone who can really bring expertise in driving the mortgage business, or the title business, or even someone to build out a new ancillary service of inspection services.
Ultimately, agent growth is king long term. They still have that. I just hope to see a change in how aggressive they are at improving on the categories that are going to drive profitability long term.
Down to a $585M market cap. Less than .3 P/S. I will be buying more today. I still see the value in this and think it has all the potential in the world. I trust the management team. Ken Pozek on the board is a big plus. Let's get aggressive on ancillary services and turn this into the one stop shop for the home buying experience in North America.
$HIMS sentiment could not be lower, but it was never and will never be about any one treatment. It's a platform.
If you believe that, all this chaos is worth holding through. If not, you get out. Simple as that.
$PGY dropped a ton which is always tough to see.
Long term though, the business is still exactly on track. Maybe even ahead of pace. Challenging market right now.