Reviewed Humana (HUM). Seems pretty decent, dirt cheap DCF, very predictable. But relatively pricey compared to other bigger insurers on an adjusted BV basis (~2x Adj BV). Coupled with this my admittedly poor understanding of health insurance has caused me to say no thanks for now. This doesn't hit me in the face as a cheap deal. Its popped a bit in the past few days +7% and frankly the margin of safety just doesn't seem to make up for my lack of knowledge.
I don't have too many company specific items. At the moment I feel a bit tapped out as far as searching for companies. Nice AH pop from TRLG. Sitting on a 30+% gain thus far. I'll evaluate and probably sell soon thereafter. It was simply too cheap to pass up and they did have good alignment despite jeans being a simple fashion/fad depending. VFC still carries a pretty premium compared and JOEZ...well JOEZ sucks. No shareholder alignment there.
LEE down another 6.8%, chilling at 1.49. Options seem like a good way to moderate the risk while participating in the hopeful upside. Patience.
Speaking of which, Gurufocus had an interesting article stating that after Buffett purchased some major company he waited 3 years before buying another stock. The validity and exactness may leave a bit to be desired but its a fascinating tidbit if it is true.
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