As everyone I am sure is aware, container shipping rates right now are astronomical. The re-opening of the economy and associated supply-chain bottlenecks has created a situation where people will pay up just to make sure their items are actually on that boat! This has caused blow-out earnings for the …

Quick one, but the closed-end fund HFRO looks like an interesting idea. It currently trades at $10.21, yet NAV is $13.84 as of last reporting. That is a 26% discount to NAV. However, you may think the discount needs to be wider for some of the risks I outline. Either …

Picture this: A long established direct to consumer business has committed to opening a significant amount of brick-and-mortar stores in 2021. Amidst the 2020 online fulfillment craze this company is rapidly expanding its physical footprint. 2020 had us believe “brick-and-mortar retail is a thing of the past.” But we fail …

My original thesis on CVEO stock was pretty simple: This is a business that has been impacted both by a commodity downturn and COVID (hit occupancy). With where things are, I think their earnings should improve over time I also think the US will likely improve as we still are …

Masco stock continues to reflect too much cautiousness. Should this company traded at such a discount to the market? As a reminder, Masco owns Behr paint (exclusive to Home Depot) as well as other brands like Kilz. The company reported Q2’21 numbers, which were good and raised guidance, but the …

I was just talking to a friend about how NWHM stock was way too cheap again. If you took cash on hand + real estate inventories – LT debt, that would be $185MM of value vs. $85MM market cap. So I’ve been adding to the position. Well fortunately, Apollo is …

Tax loss harvesting is something I tend to think about after a strong year of equity returns. I find myself asking if I should reduce risk in some names or at least re-balance the portfolio. The problem is that this can create significant capital gains. That said, if you are …

“Past performance is not indicative of future results” you say as you read this post. But it can be a tool for analyzing what asset allocation performed the best. The markets are particularly tough to apply history to, though, because of the wide amount of factors involved. Interest rates, valuations, …

No surprises here, when volatility reared its head throughout 2018, the “safety” classes outperformed risk. That should make intuitive sense, especially when considering the S&P500s 18.7% return in 2017 (and 21.4% when including dividends). But as we all should know, it pays in the longer term to have some diversification. …