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

To: Jurgis Bekepuris who wrote (55812)	8/6/2015 7:09:49 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78627

Buys: DISCA, JMHLY and SNI Sells: Y Media stocks have become relatively cheap as the market is concerned about subscriber losses. Some of the trends are due to currency movements ( strong US$) which makes YoY comparison tough, but there is also a concern that we have seen "peak cable". JMHLY is just a fairly cheap looking owner operator. Y trades at a 5% premium to book, which I think is about fair value.

To: Jurgis Bekepuris who wrote (55812)	8/8/2015 10:33:14 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78627

recent buys/ adds are: DISCK, SNI, NOV, OKE, UTX In particular the media companies look cheap to me, assuming that the concern about cord cutting is overblown. SNI and DISCK are very strong franchises and I think they are also small enough to get bought out eventually by larger players.

To: Jurgis Bekepuris who wrote (55812)	9/7/2015 11:43:26 AM
From: Jurgis Bekepuris	2 Recommendations Recommended By E_K_S Spekulatius Read Replies (5) \| Respond to of 78627

My top (>2%) positions in no particular order: FRFHF, JPM, BRKB, LMCA, TESB.BE, GDWN.L, MKL, AAPL In: AAPL - bought more Out: STRZA - switched to DISCA Fixed income: 1% Cash: 26% Sectors (kinda): Insurance(FRFHF, BRK, MKL): 23%, Malone/media: 10%, Banks: 5%, Oil: 8%, Tech: 2%, Agri: 1%, Various owner-operators (not included in other categories): 16% New positions: MON, CHK bond, ZPTAF, GENGF, Nanocap B Positions increased: BRKB, AAPL, DNR, FRFHF, NOV, PRDGF, FMCKP, FNMAG, PWE, GDWN.L, BNKJF, JPM, PSHZF, LMCA, DISCA Positions reduced: GTE, STRZA, MBNC Positions eliminated: CHK, BFCF, FOXA Flip-flop: With market drop this month came some attractive prices to deploy the capital. The market is still not cheap overall, but there are pockets of stocks at OK prices. And then there are oil and gas E&Ps. ;) Fixed income: Bought a small position in CHK bond. I was planning to buy more if it dropped in price, but it ran up, so I'm not buying more right now. Oil & gas: Sold CHK. Reduced GTE. It still may offer an attractive return if the plans of new CEO go well (haha), but it is now spending much more cash pile, so it is more risky. Bought some NOV, DNR, PWE, BNKJF. Established new positions in ZPTAF and GENGF. I'll group GDWN.L here too even though it's not completely O&G company. Adding good businesses at good prices: AAPL, JPM, BRKB, FRFHF, PSHZF, initial position in MON. Swap: sold FOXA and STRZA, bought LMCA and DISCA. Adding lottery tickets: PRDGF, FMCKP, FNMAG Sold some MBNC (limit order hit), BFCF (possibly still attractive, but not for me at this time).