Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Madharry who wrote (78937)	1/12/2026 6:56:38 PM
From: Harshu Vyas	Respond to of 79163

The whole WBD thing is crazy. Things you don't (couldn't) see at market bottoms. Not necessarily a top, either. Although, well, didn't Buffett exit Paramount because he saw people spending leisure time differently..? This whole thing reeks and doesn't make sense. The assets just aren't that good when levered. As an aside - I think the whole stock picking game has gotten much more difficult but because of ease of access (first the internet, now AI) it makes the layman believe they have more of a chance than they do, due to naivety maybe (it was the case for me). I suspect investors who used the internet savvily initially to farm information had an advantage. Now, the same with AI - in whatever form that may be. I think you have to identify mispricing more critically than in the past where "sheer value" generally worked out due to unforeseen positive catalysts. It's why I think many of the pros from the 2000s are struggling now. The game has fundamentally changed. Investing evolved from "net-nets" (i.e companies worth more dead than alive) to effectively low EV/Earnings investing (late Graham/early Buffett) to "high ROC at low multiple" (Greenblatt era) to now where information is processed fast and markets take a view fast. If anything, my view is that you have to find something where the understanding of the business is wrong - leading to severe mispricing (such that AI/markets won't see it). Though rarer, I feel this is the only possible way to beat the market going forwards. But the rewards may actually be higher than the periods of the past. Either way, it's weird. I'm really struggling at the moment for ideas where I have conviction.

To: Madharry who wrote (78937)	1/12/2026 7:09:21 PM
From: E_K_S	1 Recommendation Recommended By roguedolphin Respond to of 79163

I am holding all my WBD shares waiting for the NFLX offer to be finalized. Will be starting a NFLX postion at/below $86/share to go w/ the shares & cash I will get from NFLX. I like NFLX offer and see it as a good growth/value hold. Will build this up to a 1% portfolio position and hopefully will double in 5 years if not faster. ------------------------------------------------------ Buys Small add today to Gencor Industries IN (GENC) 12.5x PE; No Debt and you get exposure to their specialized asphalt machinery equipment. They s/d benefit from the Big beautiful Bill which allows 100% depreciation of their equipment. They also manufacture other machinery to produce food products such as pelletized animal feeds, edible oils, sugar and citrus juices. Company has almost 2 quarters of back orders too. Small add of Kimberly-Clark Corp (KMB) 14x PE pays a 5% div and a Dividend King w/ 53 years of Consecutive Increases. Sells Peeled off 7% Gold Fields Ltd ADR (GFI) at $49.51 bought these in 2001 at $3.22/share just over 13% CAGR for a 24 year hold. Peeled off 8% high costr shares Manitowoc Company (MTW); bought this lot 9/2024 at $9.58/share for a +44% gain; lowers my AVG cost to $8.58. This position has grown from a 0.25% portfolio position to just over a 0.6% portfolio position Peeled off 3% of Applied Materials (AMAT) after hitting an all time high; At 32x PE expensive; Sale lowers my AVG cost down to $120.75/share. Will add more shares on any sell off at/below $240/share or a 20% correction.