Mispriced Markets

Scouring the markets for value since 1996

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Author: mispriced markets

The Mispriced Markets Portfolio

Portfolio Update: The Final Chapter

Posted on September 3, 2024October 27, 2024 by mispriced markets

A new beginning for Mispriced Markets.

Omnicom Group Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Sold Omnicom Group

Posted on August 23, 2024August 27, 2024 by mispriced markets

The canaries are singing. I sold my Omnicom stock to put some money in the war chest.

Medifast Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Bought Medifast. Sold Hibbett.

Posted on May 28, 2024August 27, 2024 by mispriced markets

Portfolio alumnus Medifast returns to the fold, replacing takeover target Hibbett.

The Mispriced Markets Portfolio

Portfolio Update: Bought C.H. Robinson

Posted on April 16, 2024August 27, 2024 by mispriced markets

Back the truck up.

Portfolio Review - Year End 2023 - Featured Image
The Mispriced Markets Portfolio

Portfolio Review – Year End 2023

Posted on January 8, 2024August 27, 2024 by mispriced markets

Another blockbuster year. And I reveal the secret to my investing success.

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The Mispriced Markets Portfolio

Portfolio Update: Sold Sylvamo

Posted on December 12, 2023August 27, 2024 by mispriced markets

Lowered expectations and a rising stock price have me selling out of this paper manufacturer.

The Mispriced Markets Portfolio

Portfolio Review – September 2023

Posted on September 26, 2023October 23, 2024 by mispriced markets

Hibbett Sports makes a return appearance and replaces Designer Brands in the portfolio. I also introduce the 5 year P:E ratio for the first time and use this tool to evaluate my current portfolio holdings.

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The Mispriced Markets Portfolio

Portfolio Update: Sold Skyworks Solutions

Posted on May 22, 2023August 27, 2024 by mispriced markets

A value trap snaps shut.

The Mispriced Markets Portfolio

Portfolio Update: Bought Kronos Worldwide. Sold Preformed Line Products and Hammond Power.

Posted on April 2, 2023August 27, 2024 by mispriced markets

I make a few changes to the portfolio and take this opportunity to complain about value traps some more.

The Mispriced Markets Portfolio

Portfolio Update: Bought Designer Brands Inc.

Posted on January 20, 2023August 27, 2024 by mispriced markets

As the covid bull market winds down, everyone is waiting for the other shoe to drop. What better way to pass the time then, than by loading up on yet another shoe company?

The Mispriced Markets Portfolio

Portfolio Review – Year End 2022

Posted on January 10, 2023August 27, 2024 by mispriced markets

A surprisingly good year rounds out the first 5 years of mispriced markets.

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Value Investing 101

Working Hard At Doing Nothing

Posted on November 29, 2022October 28, 2024 by mispriced markets

What you don’t buy is just as important as what you do.

The Mispriced Markets Portfolio

Portfolio Review – October 2022

Posted on October 4, 2022August 27, 2024 by mispriced markets

There are value traps everywhere you look these days. I avoid the temptation to try to grab some of the cheese and instead hunker down in the relative safety of my current holdings.

Bought Ero Copper Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Sold Ero Copper

Posted on August 29, 2022August 27, 2024 by mispriced markets

I decide to climb out before I dig myself any deeper into this hole.

Portfolio Review June 2022 Featured Image
The Mispriced Markets Portfolio

Portfolio Review – June 2022

Posted on June 13, 2022August 27, 2024 by mispriced markets

I sell BGSF and declare an official end to a long and lucrative relationship with micro cap stocks. I look past the current market turbulence and review the portfolio from a more optimistic perspective, with an eye to the next business expansion. I also try to figure out where we stand after the recent market mayhem.

Portfolio Update Bought SIG Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Bought SIG, IMXI, SLVM And PLPC. Sold FL.

Posted on June 6, 2022August 27, 2024 by mispriced markets

Stock market declines have me singing a cheerier tune and adding four new stocks to the portfolio while one gets squeezed out.

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The Mispriced Markets Portfolio

Portfolio Update: Sold Qorvo. Bought Skyworks Solutions.

Posted on May 7, 2022August 27, 2024 by mispriced markets

A deteriorating near-term outlook has me switching lanes.

Bought Ero Copper Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Bought Ero Copper

Posted on March 24, 2022August 27, 2024 by mispriced markets

I’m taking a dimmer view of market conditions than most, but nonetheless manage to find something sparkly to add to the portfolio.

Portfolio Review March 2022 Featured Image
The Mispriced Markets Portfolio

Portfolio Review – March 2022

Posted on March 12, 2022August 27, 2024 by mispriced markets

I sell Essential Energy Services and double down on Linamar and Foot Locker. I claim to rarely be mistaken even though I am frequently wrong. I wonder whether overweighting cash is really a defensive move in this environment and I use my new stock screening spreadsheet to showcase the process I use to find new investments.

Enerflex featured image
The Mispriced Markets Portfolio

Portfolio Update: Sold Enerflex

Posted on January 24, 2022August 27, 2024 by mispriced markets

A significant acquisition weakens the balance sheet and has me looking for greener pastures.

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Letters From The Trenches

For 6 years, from the spring of 2018 to the fall of 2024, I blogged in real-time about every move I made in my own personal portfolio. This was a somewhat harrowing experience. It is not easy putting it all out there on the line for everyone to see. I had my share of missteps but fortunately, once the dust had settled, I enjoyed far more successes than I did failures. In the final accounting, my portfolio had tripled in size and I had outperformed the benchmark Russell 2000 index by 12% annually.

As you can see if you read through these posts, I did not hold back on the word count. My primary goal was to educate and inform. Theory is one thing but as Mike Tyson once said, "everyone has a plan until they get punched in the face." This applies very much to the world of investing. The market threw quite a few punches over these 6 years. The 2 years leading up to the covid pandemic were marked by a sluggish economy, the "retail apocalypse" and one of the worst relative showings for value investing on record. We then had the pandemic which threatened to sink us all back into a Great Depression. The market plunged by 40% over the course of a few weeks as investors radically adjusted their expectations downwards. But then governments around the world stepped in and launched a torrent of stimulus. Stock prices skyrocketed back up. Inflation surged higher. Some sectors boomed while others were left behind. War broke out in Ukraine. Oil prices fluctuated maniacally. The word "unprecedented" was thrown around an awful lot.

In retrospect, I couldn't have picked a better time to showcase all the real-world tribulations and triumphs that come from being a dedicated value investor. I hope that these posts will stand the test of time and will give new investors a valuable insight into how one person successfully managed a stock portfolio through the chaotic mess that is the real world.

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Disclaimer: I am a private investor with no official financial credentials whatsoever. Nothing on this site should be construed as advice to buy or sell securities. This is just me rambling on about my own personal experiences in the investing world. Hopefully someone out there will find something I say mildly interesting. There is a pretty good chance that I own shares in many of the securities I mention on this site. The markets are constantly evolving. A new piece of news could dramatically change the outlook on a stock the day after I post a report on it. So reader beware. The stock market is a dangerous place and you can lose a lot of money. Every investor’s situation is unique and you should consult with your own financial guru before making any investment decisions, including ones made after looking at this website. © Copyright 2018 – Mispriced Markets
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