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$2.6m follower assets
Taco Tuesday - 5/10/22
9 stock positions increased/added.

Additional investments into my Stash Portfolio (6)

$ATVI - $94.22 consensus price target. My wife is holding this in her portfolio, new position for me with $MSFT buyout in the works an arbitrage play.

$CROX - $110.22 consensus price target. DCA down from previous buys. Not a 'core' position so will flip for a profit when the market recovers.

$DOUG - $10.00 consensus price target. DCA down from previous buys. Not a 'core' position so will flip for a profit when the market recovers.

$EBAY - $60.41 consensus price target. DCA down from previous buys. Increasing a 'core' position.

$MTCH - $125.00 consensus price target. DCA down from previous buys. Not a 'core' position so will flip for a profit when the market recovers.

$NKE - $164.91 consensus price target. DCA down from previous buys. Increasing a 'core' position.

Additional investments into my M1 Finance "Fat Cat Investing" portfolio (3)


The 'Fat Cat Investing' portfolio is down 1.66% overall today and 4.81% since inception - a part of my ongoing "Real Estate Rumble".
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Reviewing a Busted Spin-Off Trading for 2x FCF
Newly minted Douglas Elliman $DOUG stock was distributed to shareholders of Vector Group $VGR in December 2021. It was a textbook setup for a spin-off, separating two businesses with little in common: Douglas Elliman is a luxury real estate brokerage, while Vector Group’s core offering is discount cigarettes.

DOUG appears cheap at first glance, trading for two turns of 2021 free cash flow (defined as operating cash flow less capital expenditures). Competitors trade for 6x - 9x. Its stock has suffered from relentless selling since the spin-off, down 43% year to date.

DOUG has traded down in lockstep with other residential real estate brokerages, as surging mortgage rates and a looming recession has stoked fears of a housing bubble. But in DOUG’s core markets (New York and South Florida), the bull market in real estate has continued into 2022.

Commonstock is a social network that amplifies the knowledge of the best investors, verified by actual track records for signal over noise. Community members can link their existing brokerage accounts and share their real time portfolio, performance and trades (by percent only, dollar amounts never shared). Commonstock is not a brokerage, but a social layer on top of existing brokerages helping to create more engaged and informed investors.