Since February I’ve discussed 10 actionable investment ideas. Today, we’ll follow up on five of them. Then early next week we’ll cover the next five.
Here’s a brief outline on each security:
Dirt Cheap REIT: There is a tiny REIT trading for 3.18x NOI and 45% of NAV. Management has consistently acquired shares far above today’s prices.
My Favorite Bank: Trades at 6x earnings and 57% of adjusted book value. Has unused, holdco cash in excess of market cap. Repurchased 10% of its stock in 2023.
The Butterfly Effect: A100+ year old business trading at less than 8x EV/Earnings. Posted 40% operating margins in most recent quarter. Mountain of net cash, strong dividend yield.
My Empire of Dirt (1): A net-net trading at less than 1x EV/EBIT. Earned an operating profit for 20 consecutive years.
My Empire of Dirt (2): A monumentally stupid idea by me.