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Tag: 2020

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The Mispriced Markets Portfolio

Portfolio Review – Year End 2020

Posted on January 4, 2021August 27, 2024 by mispriced markets

A stunning stock market recovery caps a surreal year in the markets and offers me a golden opportunity to take a little risk off the table.

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The Mispriced Markets Portfolio

Portfolio Update: Sold Assure Holdings, Adcore

Posted on December 1, 2020August 27, 2024 by mispriced markets

Unpleasant news from both these companies has me re-thinking my exposure to these speculative growth stories and selling out at a loss.

Portfolio Update - Bought Hammond Power Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Bought Hammond Power Solutions, Sold Magellan Aerospace, PHX Energy Services

Posted on November 21, 2020August 27, 2024 by mispriced markets

I get my hands dirty with a manufacturing company and use some recent share price strength to take profits on two of my existing holdings.

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The Mispriced Markets Portfolio

Portfolio Update: Bought Omnicom Group

Posted on November 2, 2020August 27, 2024 by mispriced markets

Sold on its merits, I add Omnicom to the fold.

The Valens Company Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Sold The Valens Company

Posted on October 15, 2020August 27, 2024 by mispriced markets

I move to the sidelines as the company invests more heavily in its cannabis 2.0 future.

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The Mispriced Markets Portfolio

Portfolio Review – October 2020

Posted on October 4, 2020August 27, 2024 by mispriced markets

I cast a critical eye on my recent performance and uncover some interesting stats from a pile of old brokerage statements.

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The Mispriced Markets Portfolio

Portfolio Update: Retail Roundup

Posted on September 8, 2020August 27, 2024 by mispriced markets

I take a comprehensive look at the retail sector in the United States. In the end, two new names enter the portfolio and four existing holdings get the boot.

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The Mispriced Markets Portfolio

Portfolio Update: Bought Enerflex, Sold Magna International

Posted on August 26, 2020August 27, 2024 by mispriced markets

A play on natural gas finds its way into the portfolio and I bid adieu to an old friend.

The Mispriced Markets Portfolio

Portfolio Review – June 2020

Posted on May 29, 2020August 27, 2024 by mispriced markets

Looking across the valley to the other side of this crisis, I plan for an eventual recovery and add 5 new stocks to the portfolio: Teck Resources, Magellan Aerospace, Foot Locker, Adcore Inc and PHX Energy Services.

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The Mispriced Markets Portfolio

Portfolio Update: Sold Bird Construction

Posted on May 14, 2020August 27, 2024 by mispriced markets

First quarter results that came in below my expectations have me rethinking my position in this company.

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The Mispriced Markets Portfolio

Portfolio Update: Sold G-III Apparel

Posted on April 24, 2020August 27, 2024 by mispriced markets

The combination of a quick return on my initial investment and a rapidly deteriorating industry outlook prompts me to beat a hasty retreat.

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The Mispriced Markets Portfolio

Portfolio Review – April 2020

Posted on April 5, 2020August 27, 2024 by mispriced markets

With the markets and the economy in disarray, the average p:e ratio of my portfolio has fallen to a level I haven’t seen since 2008.

G-III Apparel Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Bought G-III Apparel

Posted on April 3, 2020August 27, 2024 by mispriced markets

In for a penny, in for a pound. I go all-in on the clothing sector with the purchase of G-III Apparel.

Urban Outfitters - Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Sold Urban Outfitters

Posted on March 30, 2020August 27, 2024 by mispriced markets

I make the difficult decision to sell Urban Outfitters as I try to adjust the portfolio to best take advantage of this new investment environment.

The Valens Company Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Bought The Valens Company

Posted on March 26, 2020August 27, 2024 by mispriced markets

Showing up fashionably late to the pot party.

Gildan Activewear Featured Image
The Mispriced Markets Portfolio

Portfolio Update: Bought Gildan Activewear

Posted on March 23, 2020August 27, 2024 by mispriced markets

People are always going to want a clean pair of underwear. With that in mind, I took advantage of the recent market sell-off to add this global manufacturing powerhouse to my portfolio.

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The Mispriced Markets Portfolio

Portfolio Update: Sold Big Lots

Posted on March 18, 2020August 27, 2024 by mispriced markets

To make room in the portfolio for Tilly’s, I decided to sell off my position in Big Lots.

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The Mispriced Markets Portfolio

Portfolio Update: Bought Tilly’s Inc.

Posted on March 17, 2020August 27, 2024 by mispriced markets

A balance sheet stuffed to the brim with cash encourages me to tempt fate and add yet another retailer to the portfolio even as we head into what is looking like a possible retail Armageddon.

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The Mispriced Markets Portfolio

Portfolio Update: Sold Yellow Pages

Posted on March 14, 2020August 27, 2024 by mispriced markets

Harsh customer reviews prompted me to take what profits I could on this evolving online marketing company.

Owl With Tilted Head
Value Investing 101

Focusing On Profits, Not Price

Posted on March 13, 2020October 28, 2024 by mispriced markets

By focusing more on the profits that I expect my portfolio companies to generate and less on their stock prices, big stock market drops become much less intimidating.

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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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