Back to share a few ideas. None are in my portfolio which remains the same. Lots of CCL, a little QRTEA. Sitting on your hands and twiddling your thumbs isn't fun so I quickly looked a little for some easy value.
VLGEA - classic value. Profitable, generates cash flow, investing for growth. When I went to NJ a few months back, I did see a store. Nothing out-of-the ordinary but the company's cheap. Would invest but I have to be disciplined and stick to what I have.
CZR - (or MGM. I prefer CZR.) Both underpriced based on their RE alone. Unless something is happening to LV that I don't know about.
WWW - still think it'll more or less work out. Management are doing all the right things under Chris. I've gotten in touch and things do seem to be improving. Shame I can't scoop up some shares.
PSMT - the foreign Costco. I don't know why it's so cheap. I like it. If you like and understand the COST model, it's worth taking a shot on imo. You're paying half the multiples just because it's not American. And, yes, with this model 20x earnings is pretty fair. Plus, the balance sheet is pretty good (I'd say it's better than COST but maybe that's because I favour the underdog).
LILA - I don't know why Burry prefers the C shares that have no voting rights, but the business does seems cheap. Close to its lows, too, which gives you some protection. Recently sold some assets, probably to delever.
Hopefully, some of you guys can research them and add them to your portfolio. These ideas may as well go somewhere useful. Back to going AWOL. As usual, I'm more accessible via email - harshu.vyas@outlook.com - I do prefer private conversations as some of you will know.
Best,
Harshu Vyas |
