Investment Strategies / Bond Investing
No. of Recommendations: 3
" Conclusion:
Similar-sized bets on PCC and Apple turned out very differently. One became the stuff of legend, the other was written down as a mistake. Although PCC will never reach the heights of Apple, maybe calling it a mistake was a bit premature. Accounting rules were followed conservatively, as they always are at Berkshire, but the economic reality is proving otherwise. It may be that Buffett's mistake was not the price he paid, but that he paid it too soon.
Given the current valuation of the selected peer group, it is hard to see PCC would trade as a standalone entity at a valuation that is lower today than the premium price Buffett paid back in 2016. More importantly, the cash and fundamental aspects of the business do not look impaired now (while they sure did back in 2020). Should business performance continue to improve by profound changes (in particular around power demand), the next few years may prove that perhaps this was one mistake that really wasn't."
https://seekingalpha.com/article/4792625-berkshire...
No. of Recommendations: 0
First of all, admittedly I have not researched the company beyond reading the SeekingAlpha link. That means I'm not familiar with their geographic marketing reach nor their competitors. That said, while the date of a long-term ceasefire in Ukraine is apparently not the "within 24 hours" projected by US leadership, hopefully it will happen at some time within the next few years. At that point there will be a requirement, regardless of the ffinal treaty, to rebuild its electrical infrastructure. In parallel the US administration's significant boosting of cryptocurrency, in paralel with growing use of EV's, will creat an evironment requiring significant reenforcement of the US electrical infrastructure. Especially if PCC has some sort of decent moat, tghese all bode well for the company in the projectable speculative future.
Jeff
No. of Recommendations: 5
Given the current valuation of the selected peer group, it is hard to see PCC would trade as a standalone entity at a valuation that is lower today than the premium price Buffett paid back in 2016.
I know nothing about this company or this trade or this SeekingAlpha post, so this is just fishin’ in the wind, as they say but if you have to wait almost 10 years to say “It wasn’t a mistake” then it probably was a mistake.
No. of Recommendations: 1
“ SARASOTA, Fla., June 05, 2025 (GLOBE NEWSWIRE) - Trump Media and Technology Group Corp. (Nasdaq, NYSE
Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today the filing with the U.S. Securities and Exchange Commission of the initial registration statement on Form S-1 (the "Registration Statement") for the Truth Social Bitcoin ETF, B.T. ("the ETF"). The ETF will hold bitcoin directly and offer its shares (the "Shares") to investors, aiming to reflect Bitcoin's price performance.
Crypto.com will act as the ETF's exclusive Bitcoin custodian, prime execution agent and liquidity provider.
The launch of the Truth Social Bitcoin ETF is pending effectiveness of the Registration Statement as well as approval of a Form 19b-4 filing with the SEC. Upon launch, the Shares will be listed on NYSE Arca. Yorkville America Digital acts as the sponsor of the ETF.
Click here to read the full press release.“ Will Buffett outlive this insanity? It’s not a big favorite. 🙏
