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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (55008)	3/9/2015 10:38:28 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78627

Jurgis, what is your thesis for tech dinosaur IBM - finally cheap enough to justify extinction risk? Or following WEB due dilligence at an attractive looking price?

To: Jurgis Bekepuris who wrote (55008)	3/27/2015 10:56:59 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78627

JPM. Upped my few shares just a bit today. Fwiw, other banks in which I have shares are WFC, BAC, C, BAP, BANC. finance.yahoo.com

To: Jurgis Bekepuris who wrote (55008)	4/7/2015 12:06:26 AM
From: Jurgis Bekepuris	Read Replies (4) \| Respond to of 78627

My top (>2%) positions in no particular order: FRFHF, JPM, LMCA, BRKB, BAC, STRZA, SFY bonds, TESB.BE, FRMO, MKL, LBTYA/K In: None Out: DRAGF - sold Fixed income: ~12% Cash: ~19% Sectors (kinda): Insurance (including BRKB and FRFHF): 26%, Malone/media: 12%, Banks: 6%, Oil 10%, Tech 2%, Various owner-operators (not included in other categories) 12% New positions: SFTBY Positions increased: NOV, IBM, GDWN.L, DNR, PRDGF Positions reduced: AGIIL, DRAGF, MBNC Positions eliminated: BBX, BAMXY, PFHO Flip-flop: No exciting stock related news this month. All quiet before the storm? I went to DJCO annual meeting to see Charlie Munger talk. It was somewhat interesting. He is very sharp for 91 year old. Sold some AGIIL. Bonds and prefs - not counting oil-related ones - are expensive. Very few worthwhile holds. In stocks I sold: BBX - tender offer for some shares at $20. I think the stock is possibly still undervalued, but I am not very confident in the management. I kept some BFCF. BAMXY - CEO change. It looks like competitive wars are going to heat up, I am not sure even BAMXY is safe. I'll watch from sidelines for now. PFHO - Reported upcoming losses of big customers. Stock dropped, but it's not clear that it is discounting all the bad news. Sold my remaining stub. MBNC - Sold some on pop to $1.15. DRAGF - parent company offered to buy DRAGF. Sold some on the news pop. There are other oil companies that might be more attractive. I still hold some. Bought more NOV, DNR in oil area. Added some GDWN.L, which continues to drop due to oil/energy investment reduction in UK. Added some IBM and PRDGF. Established new position in SFTBY. Softbank is well regarded company currently trading pretty cheaply. BABA stock price has dropped and S stock is not doing well either. Both of these weigh on SFTBY. I decided that SFTBY might be a good long term investment, so I bought some.