Reminiscences of a value operator.
Tag: Portfolio Update
The canaries are singing. I sold my Omnicom stock to put some money in the war chest.
Back the truck up.
Lowered expectations and a rising stock price have me selling out of this paper manufacturer.
A value trap snaps shut.
I make a few changes to the portfolio and take this opportunity to complain about value traps some more.
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?
I decide to climb out before I dig myself any deeper into this hole.
Stock market declines have me singing a cheerier tune and adding four new stocks to the portfolio while one gets squeezed out.
A deteriorating near-term outlook has me switching lanes.
I’m taking a dimmer view of market conditions than most, but nonetheless manage to find something sparkly to add to the portfolio.
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.
A significant acquisition weakens the balance sheet and has me looking for greener pastures.
An exciting play in the technology sector uses up the last of my excess cash.
With the threat of inflation lurking in the shadows, a dose of some good old “rocks and trees” can’t hurt the portfolio.
I take advantage of a widening valuation disparity to switch horses, selling my Genesco at a tidy profit and moving that money into Foot Locker.
Strong commodity prices offer a good exit point.
It is with some regret that I sell my Cervus Equipment shares into the recent takeover offer.
In this bizarre feast or famine covid economy, I bypass many of the more obvious winners and instead add a covid casualty to the portfolio, hoping that a reopening of the economy will fuel a recovery in this company’s fortunes.
A 300% gain from this alternative lender puts it on the plus side of the ledger.