It was recycled into Bombardier- much better odds in my opinion. Management need to better managed cash in this downturn then what it has done in recent half
As a fellow cement in investor, why did you choose Monarch over any other cement producer? I discovered Monarch a little while after I started buying Eagle Materials, but I'm curious to hear another angle on a different company.
Dear fellow cement investor cement and aggregate excavation are great business. Last Time I check monarch was trading much cheaply and had better margin but this was as year ago. There are 2 posts on wintergems on monarch & other cement co
I'll check it out! And yes I love my cement company and would hate to swap it out, but I wouldn't mind a comparison. Eagles MGMT just had such a great way of explaining the business in the 10k that I was really sold. I'll check the write-ups tho thanks!
Very grateful for these comments coming from a savvy investor. Contrarian approach is though. We are not wired for this. Going against common narrative is very difficult. Some part in me would rather buy Hermes ultra luxury single brand seems to be immune to recessions at 50x earnings than LVMH at 4 years low with a mix of ultra luxury and aspirational luxury products. Anyone can afford to pay for a Hennessy bottle or a Dior lipstick...
What happened to your TFF position? Did you sell?
It was recycled into Bombardier- much better odds in my opinion. Management need to better managed cash in this downturn then what it has done in recent half
Hi,
I love the vinatge year approach. I guess I will do a similar exercise as it offers a very different perspective.
Thanks for sharing !!!
As a fellow cement in investor, why did you choose Monarch over any other cement producer? I discovered Monarch a little while after I started buying Eagle Materials, but I'm curious to hear another angle on a different company.
Dear fellow cement investor cement and aggregate excavation are great business. Last Time I check monarch was trading much cheaply and had better margin but this was as year ago. There are 2 posts on wintergems on monarch & other cement co
I'll check it out! And yes I love my cement company and would hate to swap it out, but I wouldn't mind a comparison. Eagles MGMT just had such a great way of explaining the business in the 10k that I was really sold. I'll check the write-ups tho thanks!
I love your contrarian approach, how you relate your buys to a bearish narrative, dating back to 2004, and not selling. Youre the man!
Very grateful for these comments coming from a savvy investor. Contrarian approach is though. We are not wired for this. Going against common narrative is very difficult. Some part in me would rather buy Hermes ultra luxury single brand seems to be immune to recessions at 50x earnings than LVMH at 4 years low with a mix of ultra luxury and aspirational luxury products. Anyone can afford to pay for a Hennessy bottle or a Dior lipstick...