by Travis Johnson, Stock Gumshoe | July 23, 2021 4:49 pm
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Thanks Travis. After reading the last bit, I sorta regret selling half my stake in IIPR . It had simply passed my max percentage for a single holding (3% for single issues is my rule). The fact that I still own a decent amount which now has a negative cost basis gives me some degree of comfort. I know that stock has historically been volatile so perhaps I’ll see a good buying opportunity down the road and go back to having skin in the game. I owned Apple many times over the years and always talked myself into taking profits. Sadly I know that I would have been much better off to just keep buying nothing but Apple instead of the issues I replaced it with.
I always liked the old saying about your investments — they are like soap, the more you handle them, the less you have
Very well put!
depends on the soap and where you want it 😉
I’m a previous investor in Kin, and plan to keep for many years. They execute extremely well.
Interesting, is it the marketing or the sales/claims platform that makes them stand out for you ( or something else?)
If you are not averse to trading on the ASX have a look at Rural Funds Group (ASX:RFF) :
https://ruralfunds.com.au/rural-funds-group/
They pay a 4% dividend too.
Another publicly traded one — thanks!
What are your thoughts on grabbing Robinhood stock in the IPO?
Not particularly interested. I haven’t actually looked at their filings, and even stocks you don’t love might be attractive at the right valuation, but presumably they’re going to be at a premium price, and it’s hard for me to believe they have any sustainable advantage in the brokerage business.
Does there happen to be a US-traded form of CDL?
Nope. This one is tiny and brand new so there’s not a US ticker yet. Might be one in the future, since it’s largely a Canadian company and they probably will want to eventually appeal to North American investors, but you never know… part of their shtick at the moment is being a prospect developer that trades in London, where that type of stock is much rarer than it is in Toronto.
Travis, great Friday File, as usual. You seem somewhat confident about holding PSTH, would you be as confident with PSTH/WT? The warrants have dropped considerably more than the common, percentage wise.
Regards,
Frank
Nope. If they don’t end up with a deal, the warrant goes to zero. I generally like warrants, but they tend to be overpriced these days — the PSTH warrants don’t have enough leverage for the risk to be worthwhile at these prices, in my opinion, not when the equity also includes tontine warrants and has only a few percent
of downside risk.
They might work out great, of course, but I prefer the risk/reward balance of the equity at these prices.
Thank you Travis.
Regards,
Frank
Great update, Travis. Had a question about the farm REITs. Is there any way to know if these are buying out family farms as conglomerates or helping sustain them through this financial structure? Organic objective is beneficial in many ways, just wondering if it also keeps families on the land.
Hi Travis
you have briefly discussed good companies that have been sold too early, and noted Tencent as one of them.
Given the recent movements against US listings of Chinese companies by the Chinese Communist Party, do you (or anyone out there) still feel that some Chinese companies are worth buying?
and if so, which ones do you like?
thanks for your thoughts
The only honest answer I can give is that I do not currently own any Chinese stocks, and have not looked really closely at any of them recently. It’s a tough call, as we’ve seen with the Chinese education stocks recently, because while I’m confident that Alphabet and Facebook and Amazon can withstand any governmental pressure and survive (even thrive) through periods of antitrust litigation or regulatory criticism, I’m not particularly confident in any underlying rule of law in China that will protect even megacaps from shifting government priorities. Especially those that are seen as somewhat outside the country, or owned in large degree by foreign investors like Tencent and Alibaba. At some price I assume I’ll find value there, but I haven’t looked closely of late.
I’m with you 100% on not buying Chinese stocks. Years ago I spent a few $Thousand on a Chinese oil company which painted a PERFECT picture of a producing oil company. It went bankrupt over night. Today with current crush America and many others attitude I refuse to go near.
That doesn’t even mention my thoughts on covid.
Oh no! you sold out of crypto just before it started some semblance of recovery….I wouldn’t say to get back into BRPHF specifically since everyone “bearying” them, but others are about to enjoy the recovery. BFARF is averaging 14% a day, Voyager (VYVGF) is also up about 10% daily looking at my Schwab junk.
Note that bfarf specifically farms bitcoin. Their valuation will change only on the price of BTC.
Other than that, I’m glad to see you held the line on the lockbox. Everyone is buggin’ due to the proliferation of COVID in the U.S. potentially portending a second shutdown. It’s tempting to dump everything until the mandatory masking and vaccination questions are both resolved at which point rock bottom entry is all but guaranteed.
Next time crypto falls off don’t get 2018 fears, look at the charts
I didn’t sell out of crypto (though I did sell down my bitcoin and ethereum holdings by 25% or so early this year), but yes, did sell my non-locked Galaxy holdings on a stop loss. Hopefully the volatility will begin to moderate, we’ll see.
After red day today my portfolio is down approx 40% from Feb and below 15% my bev, I still hear about market crash, need something good to know to keep myself motivated.
Ah, I was worried for you when I likely should have sold some of mine down as well.
Stock Gumshoe is still not for sale?
That’s priceless!
Hi Travis, with the recent earnings from GSHD. What is your stand on it?
Didn’t see anything that changes my mind, but I’ll be going through the conference call — will include a note tomorrow.
Thank you!
You may be interested to know that Greenhaven Road Capital highlights MarketWise in their Q2 newsletter concluding with the rather-backhanded comment ‘We may not be interested in having (their) content in our inboxes, but it has a spot in our portfolio.’ They also feature Roku which you mention above.
Thanks Travis for your review after Q2. You reviewed MPW real state company focused on health facilities. Do you know OHI, Omega Healthcare? 8B company with less debt and higher dividend? Thanks
Wonder if the undisclosed South Timmins prospect in Ontario is TSXV: STA