Position Close Update: Newell Brands, Inc. (NWL)
A shift to a more disciplined capital allocation, combined with a cheaper stock price, decreases the risk for NWL.
Sam McBride
Past Performance Tracking
Sam McBride
Position Close Update: John B. Sanfilippo & Son, Inc. (JBSS)
These two issues raise enough questions that we no longer have confidence in the long-term competitive advantage of the business.
Sam McBride
Position Close Update: Speedway Motorsports (TRK)
Even though we still think the long-term outlook for TRK’s business is bleak, the improved balance sheet and lowered valuation reduce the downside risk.
Sam McBride
Model Portfolio Performance Through 3Q18
Our model portfolios offer clients multiple strategies to outperform in good and bad markets. See the performance of these model portfolios through 3Q18.
Kyle Guske II
Position Close Update: Sears Holdings (SHLD)
Sears officially filed bankruptcy and as a result, we are closing this position since the downside left in SHLD is limited.
Kyle Guske II
Position Close Update: Cisco Systems (CSCO)
Even though we still like the long-term outlook for CSCO’s business, the stock no longer presents the quality risk/reward it once did.
Sam McBride
Position Close Update: Regis Corporation (RGS)
While RGS still earns a bottom-quintile 3% return on invested capital (ROIC), its valuation no longer presents attractive risk/reward given the improving fundamentals.
Kyle Guske II
Position Close Update: athenahealth Inc. (ATHN)
Due to the likelihood of an acquisition, whether by Elliott Management or another party, we are closing this position.
Kyle Guske II
Position Close Update: InnerWorkings (INWK)
While INWK’s fundamentals remain weak, the growth expectations implied by its valuation have become less unrealistic after the large price decline.
Kyle Guske II
Position Close Update: Ross Stores Inc. (ROST)
The rise in valuation means ROST no longer stands out as an especially good value.
Kyle Guske II
Position Close Update: Synchrony Financial (SYF)
Even though SYF’s valuation remains cheap, its declining fundamentals and the risk of further contract losses make the risk too high to remain in the stock.
Sam McBride
Model Portfolio Performance Through 2Q18
Our model portfolios offer clients multiple strategies to outperform in good and bad markets. See the performance of these model portfolios through 2Q18.
Kyle Guske II
Position Close Update: Carter’s Inc. (CRI)
The rise and valuation and the decline in fundamentals means CRI no longer stands out as an especially good value and we are closing this position.
Sam McBride
Position Close Update: Cracker Barrel Old Country Store (CBRL)
A decline in fundamentals, along with an increasingly competitive industry, lead us to close this position and remove it from our Focus List – Long Model Portfolio.
Kyle Guske II
SoftBank Investment Validates GM’s Self-Driving Superiority
General Motors remains undervalued, and this latest positive development leads us to add it to our Focus List – Long Model Portfolio.
Kyle Guske II
Successful Danger Zone Pick Continues to Outperform
Since our original Danger Zone report and being added to our Focus List – Short Model Portfolio, this stock has significantly outperformed as a short position.
Kyle Guske II
Position Close Update: Etsy Inc. (ETSY)
The valuation alone is not enough to justify keeping this position open given the large improvement in the firm’s fundamentals led by a new management team.
Kyle Guske II
Position Close Update: National Research Corp (NRC)
While the firm’s fundamentals remain strong, its valuation no longer offers attractive risk/reward.
Kyle Guske II
Position Close Update: Dentsply Sirona (XRAY)
While XRAY’s fundamentals remain weak, the growth expectations implied by its valuation have become less unrealistic after the large price decline.
Kyle Guske II
Position Close Update: Knoll Inc. (KNL)
A decline in fundamentals, along with a weakening competitive position (KNL no longer earns the highest ROIC among competitors) lead us to close this position.
Kyle Guske II