UnclearConvictions

Trying to write stuff that make sense...

[UnclearConvictions @QualityCap0]

@310Value I was thinking that it got shorted, but it doesn't look like it. Still it's like 16% shorted which is high. Trying to figure out why those people have a position like this when it's likely that these funds won't be sellers anytime soon.

[UnclearConvictions @QualityCap0]

Another weird bounce for $WBI in the last minute…

[UnclearConvictions @QualityCap0]

$AMLP bought 21% of class A. This is kind of insane. We have 76M shares of class B that don't trade and more than 80% of class A that are in the hands of long term investors (Devon ~38%, ALPS ~21%, Horizon kinetics ~16% and FivePoints ~7%). And I think that GIC pte is a sovereign wealth fund that owns another 7%. Fidelity another 8%. Not sure what to think...

[UnclearConvictions @QualityCap0]

@Divergent7651 With the free version?

[UnclearConvictions @QualityCap0]

@310Value I guess, still not seeing it in the holdings of the one you has mentioned

[UnclearConvictions @QualityCap0]

@charliebilello I have no opinion on $MU but a price to sale on a business that earning growth predicated by margin expansion makes no sense. P/E is pretty much in line with historical.

[UnclearConvictions @QualityCap0]

Sell side analysts consistently underestimate $PGR earnings power, even today as the stock is in a drawdown. The 2021-2025 timeframe was probably the best performing period for progressive as they were completely alone and taking market share like crazy as everybody else struggled. Even today, in a soft market $PGR is in a league of its own.

[UnclearConvictions @QualityCap0]

Tom lays out the rationale behind the $EQH and $CRBG merger. More details here: https://t.co/TVln1W61Vs

https://t.co/w9PG3Cikk7

[UnclearConvictions @QualityCap0]

Napkin pitch on a non-AI related opportunity.
https://t.co/TVln1W61Vs

[UnclearConvictions @QualityCap0]

@insurancefiling Is that adjusted for the california losses last year?

[UnclearConvictions @QualityCap0]

@IggyOnInvesting $SIE.DE

[UnclearConvictions @QualityCap0]

@310Value not seeing it in the holdings yet, but would make a lot of sense. thanks

[UnclearConvictions @QualityCap0]

Best guess on who's buying $WBI ?

[UnclearConvictions @QualityCap0]

@BrownMarubozu Obviously there is no appetite for defensive stocks right now (look at the canadian banks valuation) but you’re also fighting a soft market in commercial insurance which I think managers are taking into account

[UnclearConvictions @QualityCap0]

@Lizquidity Still wondering. Seems a stupid way for an active fund to buy. Most likely explanation is inclusion in a passive index.

[UnclearConvictions @QualityCap0]

@310Value Makes sense, but seems a stupid way to buy for an active fund and not sure that $WBI is in any passive ETF. But that is the most likely explanation I guess

[UnclearConvictions @QualityCap0]

@PeterSchiff @SenWarren Net net, I don’t think Meta is a positive for society, but I get tour point

[UnclearConvictions @QualityCap0]

@ohcapideas @ReneSellmann Not sure that DQ is that important for Berkshire. I think buffet was stuborn with both Geico (not using telematic) and BNSF (not implementing PSR). Hopefully with Abel being an “operator”, he can change that

[UnclearConvictions @QualityCap0]

@BetterIRR Loosing market share to $RBA and doesnt help that $PGR is the only insurer growing volume and mostly uses $RBA over $CPRT

[UnclearConvictions @QualityCap0]

@chitchatstocks That it’s very hard to pivot when you’ve made money with a “type” of businesses for so long