What Individual stocks are you buying?

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Btreatcpa
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Re: What Individual stocks are you buying?

Post by Btreatcpa » Fri Apr 10, 2020 1:57 pm

Royal Caribbean RCL
Gilead GILD

And funding the retirement account twice a month with VFIAX

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TheTimeLord
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Re: What Individual stocks are you buying?

Post by TheTimeLord » Fri Apr 10, 2020 2:07 pm

Bought stakes in 5 of the Top 20 S&P 500 stocks plus Target and Starbucks to give my portfolio a bit of a quality tilt.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

Caduceus
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Re: What Individual stocks are you buying?

Post by Caduceus » Fri Apr 10, 2020 2:40 pm

Have any of the people here who buy single stocks actually read a single page of the company's financial statements?

xraygoggles
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Re: What Individual stocks are you buying?

Post by xraygoggles » Fri Apr 10, 2020 4:14 pm

Bought JETS, TSLA, AAPL last week in taxable.

100% VTI in retirement accounts monthly.

Young investor, so looking for growth.
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

rasta
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Re: What Individual stocks are you buying?

Post by rasta » Fri Apr 10, 2020 4:46 pm

Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
absolutely. it's called fundamental investing

Rosencrantz1
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Re: What Individual stocks are you buying?

Post by Rosencrantz1 » Fri Apr 10, 2020 4:49 pm

Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
Can't speak for all - but, I've slogged through a few consolidated financial statements. It sounds like you don't think folks would do that?

In fairness to your question, skimming through 2019 annual reports and consolidated financial statements is not what drove me to buy the stocks that I did purchase. I liked the management and company position within their markets. Sure, with coronavirus, there are a lot of unknowns...

Rosencrantz1
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Re: What Individual stocks are you buying?

Post by Rosencrantz1 » Fri Apr 10, 2020 4:57 pm

xraygoggles wrote:
Fri Apr 10, 2020 4:14 pm
Bought JETS, TSLA, AAPL last week in taxable.

100% VTI in retirement accounts monthly.

Young investor, so looking for growth.
Yes, I added Apple too. :beer

Xrayman69
Posts: 475
Joined: Fri Jun 01, 2018 8:52 pm

Re: What Individual stocks are you buying?

Post by Xrayman69 » Fri Apr 10, 2020 5:02 pm

Rosencrantz1 wrote:
Fri Apr 10, 2020 4:49 pm
Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
Can't speak for all - but, I've slogged through a few consolidated financial statements. It sounds like you don't think folks would do that?

In fairness to your question, skimming through 2019 annual reports and consolidated financial statements is not what drove me to buy the stocks that I did purchase. I liked the management and company position within their markets. Sure, with coronavirus, there are a lot of unknowns...
+1. I am also forward looking. The most recent “financials” are essentially very old news in a different era. The management, philosophy, outlook in the current and upcoming market conditions are more relevant than the past financials which will not have any bearing on the upcoming quarters and midterm outlook. The manner in which the current management navigate these waters better or more efficiently than competitors (if any) will have greater affect on thE long term outlook.

Listening to their upcoming conference calls will also be helpful as additional data points.

Can I do this for all 500 S&P companies, absolutely not nor do I need to when buying the index. However for the 5-10 individual stocks that I have, this is interesting and fun. I spend more time doing this than “studying” my favorite sports teams, I don’t play fantasy football. When doing this I try to share 1 tidbit to my daughter and wife in hopes that it would be interesting to them. So far not too successful except for Disney for my 9 year old (owned it since she was born and this has been for her account).

Rosencrantz1
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Re: What Individual stocks are you buying?

Post by Rosencrantz1 » Fri Apr 10, 2020 5:05 pm

TheTimeLord wrote:
Fri Apr 10, 2020 2:07 pm
Bought stakes in 5 of the Top 20 S&P 500 stocks plus Target and Starbucks to give my portfolio a bit of a quality tilt.
Well, Starbucks may not be under much threat in China with Luckin.

Rosencrantz1
Posts: 561
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Re: What Individual stocks are you buying?

Post by Rosencrantz1 » Fri Apr 10, 2020 5:11 pm

Xrayman69 wrote:
Fri Apr 10, 2020 5:02 pm
Rosencrantz1 wrote:
Fri Apr 10, 2020 4:49 pm
Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
Can't speak for all - but, I've slogged through a few consolidated financial statements. It sounds like you don't think folks would do that?

In fairness to your question, skimming through 2019 annual reports and consolidated financial statements is not what drove me to buy the stocks that I did purchase. I liked the management and company position within their markets. Sure, with coronavirus, there are a lot of unknowns...
+1. I am also forward looking. The most recent “financials” are essentially very old news in a different era. The management, philosophy, outlook in the current and upcoming market conditions are more relevant than the past financials which will not have any bearing on the upcoming quarters and midterm outlook. The manner in which the current management navigate these waters better or more efficiently than competitors (if any) will have greater affect on thE long term outlook.

Listening to their upcoming conference calls will also be helpful as additional data points.

Can I do this for all 500 S&P companies, absolutely not nor do I need to when buying the index. However for the 5-10 individual stocks that I have, this is interesting and fun. I spend more time doing this than “studying” my favorite sports teams, I don’t play fantasy football. When doing this I try to share 1 tidbit to my daughter and wife in hopes that it would be interesting to them. So far not too successful except for Disney for my 9 year old (owned it since she was born and this has been for her account).
Yep. This is me. DW has 0 interest - except to know the account balances (and this is okay with me!) :beer

Best of luck to you.

bondsr4me
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Re: What Individual stocks are you buying?

Post by bondsr4me » Fri Apr 10, 2020 5:16 pm

rasta wrote:
Fri Apr 10, 2020 4:46 pm
Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
absolutely. it's called fundamental investing
+1.....agreed.

bltn
Posts: 777
Joined: Mon Feb 20, 2017 9:32 pm

Re: What Individual stocks are you buying?

Post by bltn » Fri Apr 10, 2020 7:38 pm

Dottie57 wrote:
Fri Apr 03, 2020 12:57 pm
TheOscarGuy wrote:
Wed Mar 04, 2020 9:41 am
Frugalbear wrote:
Wed Mar 04, 2020 6:42 am
Good morning everyone!

If you are throwing your money at any individual stocks currently, what are they?

I'm really developing a strong position in:

AAL
GE
PPL
No naked stocks. Only through index funds. I don't necessarily decide what I buy inside an index :happy
I don't understand the point behind this exercise. Is this your play money that you want to take a chance, just to scratch an itch.?
Index funds for. Me too. OP are you sure you are in the right investing forum?
I was wondering this as I began to read this thread right after it started. Now I come back to it and I m amazed at all the respondents with a portfolio of individual stocks.
As I think about it, I m reminded of my past history, when , for about 10 years after I became an indexer, I still maintained a group of individual stocks comprising about 7-8% of my total portfolio . I ve sold them all but two, despite the pain of the capital gains taxes. And one, WMT, now makes up about 5% of my total portfolio. But with 80% of the holding value as capital gains, and with the strength of the company, I ll hold it until I start to sell stocks in retirement.
I almost forgot. About 3 years ago I bought 20,000 of BRK-b so that I could attend an annual Berkshire Hathaway stockholders meeting with my daughter. Current value is about 19,000.

jeep5ter
Posts: 62
Joined: Mon Jan 07, 2013 5:50 pm

Re: What Individual stocks are you buying?

Post by jeep5ter » Fri Apr 10, 2020 7:58 pm

Bought more LMT when it got down to just over $300. Also CAT at $99

Grt2bOutdoors
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Re: What Individual stocks are you buying?

Post by Grt2bOutdoors » Fri Apr 10, 2020 8:09 pm

Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
I’ve read the K’s and Q’s cover to cover, read the 8-Ks too! Look at competitors too. Watch recent/current management presentations. Then I wait for a good entry point. Index funds are much easier though, I purchase based on objective-no financial statement analysis required.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

Rosencrantz1
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Re: What Individual stocks are you buying?

Post by Rosencrantz1 » Fri Apr 10, 2020 8:25 pm

Grt2bOutdoors wrote:
Fri Apr 10, 2020 8:09 pm
Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
I’ve read the K’s and Q’s cover to cover, read the 8-Ks too! Look at competitors too. Watch recent/current management presentations. Then I wait for a good entry point. Index funds are much easier though, I purchase based on objective-no financial statement analysis required.
+1. I suspect some of these answers were not quite what Caduceus thought might be happening. I actually enjoy reading analysis (and the occasional financial report) about a specific company I may be interested in. I'm retired. It gives me something to do. :beer

Disclosure: without doubt, the largest part of my equity holdings are in VOO/VTI and I've been buying more of them with the market fall.

Caduceus
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Joined: Mon Sep 17, 2012 1:47 am

Re: What Individual stocks are you buying?

Post by Caduceus » Sat Apr 11, 2020 3:38 am

Rosencrantz1 wrote:
Fri Apr 10, 2020 8:25 pm
Grt2bOutdoors wrote:
Fri Apr 10, 2020 8:09 pm
Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
I’ve read the K’s and Q’s cover to cover, read the 8-Ks too! Look at competitors too. Watch recent/current management presentations. Then I wait for a good entry point. Index funds are much easier though, I purchase based on objective-no financial statement analysis required.
+1. I suspect some of these answers were not quite what Caduceus thought might be happening. I actually enjoy reading analysis (and the occasional financial report) about a specific company I may be interested in. I'm retired. It gives me something to do. :beer

Disclosure: without doubt, the largest part of my equity holdings are in VOO/VTI and I've been buying more of them with the market fall.
Well, then I look forward to more specific investment theses based on actual financial statement data and analysis. So far, the discussion has been remarkably fact-free.

No one is saying: "Walmart is a great buy because: ...."

Has there been a single statement in this thread that draws upon financial statement analysis of any stock?

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TheTimeLord
Posts: 7749
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Re: What Individual stocks are you buying?

Post by TheTimeLord » Sat Apr 11, 2020 8:08 am

Caduceus wrote:
Sat Apr 11, 2020 3:38 am
Rosencrantz1 wrote:
Fri Apr 10, 2020 8:25 pm
Grt2bOutdoors wrote:
Fri Apr 10, 2020 8:09 pm
Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
I’ve read the K’s and Q’s cover to cover, read the 8-Ks too! Look at competitors too. Watch recent/current management presentations. Then I wait for a good entry point. Index funds are much easier though, I purchase based on objective-no financial statement analysis required.
+1. I suspect some of these answers were not quite what Caduceus thought might be happening. I actually enjoy reading analysis (and the occasional financial report) about a specific company I may be interested in. I'm retired. It gives me something to do. :beer

Disclosure: without doubt, the largest part of my equity holdings are in VOO/VTI and I've been buying more of them with the market fall.
Well, then I look forward to more specific investment theses based on actual financial statement data and analysis. So far, the discussion has been remarkably fact-free.

No one is saying: "Walmart is a great buy because: ...."

Has there been a single statement in this thread that draws upon financial statement analysis of any stock?
As opposed to reading the financial statements of all the stocks contained in an index fund? You seem to want to make a statement about investing, so what is it?
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

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F150HD
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Re: What Individual stocks are you buying?

Post by F150HD » Sat Apr 11, 2020 8:55 am

TheTimeLord wrote:
Wed Mar 04, 2020 4:35 pm
BuyandHold37 wrote:
Wed Mar 04, 2020 4:32 pm
American Airlines is garbage. Watch the video I posted above and Warren explains why you don't need more than 1 business in a sector if you invest in the best (Delta).
Berkshire owns 10% of American Airlines, 11.2% of Delta, 10.4% of Southwest Airlines and 8.8% of United Airlines. Holdings are as of December 31, 2019 as reported in Berkshire Hathaway’s 13F filing on February 14, 2020, except for Delta Air Lines, which is as of February 27, 2020.
https://www.cnbc.com/berkshire-hathaway-portfolio/
Oops.

Caduceus
Posts: 2729
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Re: What Individual stocks are you buying?

Post by Caduceus » Sat Apr 11, 2020 9:33 am

TheTimeLord wrote:
Sat Apr 11, 2020 8:08 am

As opposed to reading the financial statements of all the stocks contained in an index fund? You seem to want to make a statement about investing, so what is it?
That's a nonsensical statement, and here's why. When you buy index funds, you're being agnostic about your ability to pick stocks, so there's no need to read any financial statements. When you pick individual stocks, you believe there's something superior about the stock relative to some other benchmark investment you can make, so you have to be able to study the financial statements.

I thought it was obvious. But since it seemed it wasn't for you, I've made it obvious for you. There.

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TheTimeLord
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Re: What Individual stocks are you buying?

Post by TheTimeLord » Sat Apr 11, 2020 9:50 am

Caduceus wrote:
Sat Apr 11, 2020 9:33 am
TheTimeLord wrote:
Sat Apr 11, 2020 8:08 am

As opposed to reading the financial statements of all the stocks contained in an index fund? You seem to want to make a statement about investing, so what is it?
That's a nonsensical statement, and here's why. When you buy index funds, you're being agnostic about your ability to pick stocks, so there's no need to read any financial statements. When you pick individual stocks, you believe there's something superior about the stock relative to some other benchmark investment you can make, so you have to be able to study the financial statements.

I thought it was obvious. But since it seemed it wasn't for you, I've made it obvious for you. There.
Glad I could point it out. So if I buy a cap weighted index like the S&P 500 I am not deciding that Microsoft is a better company that Intel because I am deciding to buy 5x of Microsoft what I am of Intel? Seems like someone has decided Microsoft is surperior to Intel. So by your logic Market cap is the arbiter of what we should buy since it is the arbiter for an index fund. So carrying that logic further, since Microsoft, Apple and Amazon are the top 3 stocks in the S&P 500 and make up approximately 14% of the S&P 500 I should buy a portfolio of just those 3 stocks because that is what the index is telling me is the best and what I buy the most of if I buy an S&P 500 index fund? Of course, that is total obvious.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

Rosencrantz1
Posts: 561
Joined: Tue Sep 10, 2019 12:28 pm

Re: What Individual stocks are you buying?

Post by Rosencrantz1 » Sat Apr 11, 2020 11:59 am

Caduceus wrote:
Sat Apr 11, 2020 3:38 am
Rosencrantz1 wrote:
Fri Apr 10, 2020 8:25 pm
Grt2bOutdoors wrote:
Fri Apr 10, 2020 8:09 pm
Caduceus wrote:
Fri Apr 10, 2020 2:40 pm
Have any of the people here who buy single stocks actually read a single page of the company's financial statements?
I’ve read the K’s and Q’s cover to cover, read the 8-Ks too! Look at competitors too. Watch recent/current management presentations. Then I wait for a good entry point. Index funds are much easier though, I purchase based on objective-no financial statement analysis required.
+1. I suspect some of these answers were not quite what Caduceus thought might be happening. I actually enjoy reading analysis (and the occasional financial report) about a specific company I may be interested in. I'm retired. It gives me something to do. :beer

Disclosure: without doubt, the largest part of my equity holdings are in VOO/VTI and I've been buying more of them with the market fall.
Well, then I look forward to more specific investment theses based on actual financial statement data and analysis. So far, the discussion has been remarkably fact-free.

No one is saying: "Walmart is a great buy because: ...."

Has there been a single statement in this thread that draws upon financial statement analysis of any stock?
FYI - Bogleheads is an investment site that generally eschews buying individual stocks. As such, I imagine there's some hesitancy to say "Hey, XXX stock is a great buy because...". And, as someone has already mentioned, relying on past financial statement, in and of themselves, is a bit tough in the current environment - the "E" has evaporated.

But, since you asked - I bought 400 shares of MGM - most of it at a little over $7/share.

I bought it for several reasons:
Bill Hornbuckle has been named interim CEO and has 4 decades of gaming experience - and happens to be a graduate of UNLV (my alma mater).
MGM, by most analysts, is burning a little over 14M/day and has enough liquidity to do so for a minimum of 9 months.
MGM is a very big player on the Las Vegas strip and my personal opinion is that the state of Nevada (IF it became necessary) might assist the company with some tax breaks (just my opinion - sort of like the giveaways to Elon Musk for has battery factory).
MGM is a good "corporate neighbor" - raising millions of dollars to help their employees and donating hundreds of thousands of meals in this time of crisis.

I think MGM is currently about $14+/share - so, my 400 shares, so far, has earned some 'lunch money'. At this level of individual stock buying, that's all it is - lunch money. As stated previously, the vast majority of my equity holdings are in VOO/VTI.

Personally, I think MGM will survive this pandemic and tourists will eventually return to the Las Vegas strip. If tourist do not return, the state of Nevada will be in a world of hurt (and my $3100 investment in MGM won't be even a drop).

I predict MGM will be in the mid 20s within the next year. BUT, I am NOT an accountant nor a financial advisor nor a financial analyst. YMMV.



edit to add: Oh, I forgot to add - there's also been quite a lot of MGM executive (insider buying) of their stock at these depressed prices too.

sp0704
Posts: 49
Joined: Tue Feb 23, 2016 3:34 pm

Re: What Individual stocks are you buying?

Post by sp0704 » Sun May 24, 2020 7:26 am

I added Wells Fargo last month and so far MGM is the only one that is positive from my initial purchase price. I'll likely keep buying over the remainder of the year. The Strip seems to be reopening June 4. While I wouldn't go during the pandemic, I think business will be generated and the company will stay afloat and emerge successfully.
Rosencrantz1 wrote:
Sun Apr 05, 2020 12:08 pm
sp0704 wrote:
Sun Apr 05, 2020 7:31 am
Air Canada and MGM
I bought some MGM. Not a LOT of it though - the company has a lot of debt. Still... I don't see it folding. I think MGM can weather months of down time - but, if it exceeded a year then ?? Of course, if Las Vegas were shut down for a year, the city (and state) would have LOTS of serious problems.

/0.02 cents

Rosencrantz1
Posts: 561
Joined: Tue Sep 10, 2019 12:28 pm

Re: What Individual stocks are you buying?

Post by Rosencrantz1 » Sun May 24, 2020 1:44 pm

sp0704 wrote:
Sun May 24, 2020 7:26 am
I added Wells Fargo last month and so far MGM is the only one that is positive from my initial purchase price. I'll likely keep buying over the remainder of the year. The Strip seems to be reopening June 4. While I wouldn't go during the pandemic, I think business will be generated and the company will stay afloat and emerge successfully.
Rosencrantz1 wrote:
Sun Apr 05, 2020 12:08 pm
sp0704 wrote:
Sun Apr 05, 2020 7:31 am
Air Canada and MGM
I bought some MGM. Not a LOT of it though - the company has a lot of debt. Still... I don't see it folding. I think MGM can weather months of down time - but, if it exceeded a year then ?? Of course, if Las Vegas were shut down for a year, the city (and state) would have LOTS of serious problems.

/0.02 cents
Yes, I think it will too. I originally bought MGM at $7.25/share and continued buying up to about 12. What REALLY sold me on it was reading an article that described all the insider buying when it was in the $7ish price range. I think MGM has enough liquidity to weather nearly a year of closure while burning about $10M/day while closed (latest numbers I read). As you note, it looks like they're looking to partially reopen in early June. I'm holding onto my MGM - I honestly think it's headed higher. I suppose time will tell :beer

sp0704
Posts: 49
Joined: Tue Feb 23, 2016 3:34 pm

Re: What Individual stocks are you buying?

Post by sp0704 » Sun May 24, 2020 2:14 pm

Yep, management making big bets when the stock was lower was a good sign to me as well. I'm hoping to 2x to 3x on these selections over the next few years. They seem to be able to take hits and have the right leadership.
Rosencrantz1 wrote:
Sun May 24, 2020 1:44 pm
sp0704 wrote:
Sun May 24, 2020 7:26 am
I added Wells Fargo last month and so far MGM is the only one that is positive from my initial purchase price. I'll likely keep buying over the remainder of the year. The Strip seems to be reopening June 4. While I wouldn't go during the pandemic, I think business will be generated and the company will stay afloat and emerge successfully.
Rosencrantz1 wrote:
Sun Apr 05, 2020 12:08 pm
sp0704 wrote:
Sun Apr 05, 2020 7:31 am
Air Canada and MGM
I bought some MGM. Not a LOT of it though - the company has a lot of debt. Still... I don't see it folding. I think MGM can weather months of down time - but, if it exceeded a year then ?? Of course, if Las Vegas were shut down for a year, the city (and state) would have LOTS of serious problems.

/0.02 cents
Yes, I think it will too. I originally bought MGM at $7.25/share and continued buying up to about 12. What REALLY sold me on it was reading an article that described all the insider buying when it was in the $7ish price range. I think MGM has enough liquidity to weather nearly a year of closure while burning about $10M/day while closed (latest numbers I read). As you note, it looks like they're looking to partially reopen in early June. I'm holding onto my MGM - I honestly think it's headed higher. I suppose time will tell :beer

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