Week Ended 3/29/19

The 3rd quarter is coming to a close and it was a bit of a roller coaster.  2CHYP had large gains in January, followed by a weaker February and early March.  In the last couple weeks of March the portfolio has returned to strong performance.  While market prices are...

Week Ended 3/22/19

Doubling down One of the most uncomfortable things to do as an investor is to put more money into a losing position.  However, the lower prices make the reward to risk ratio better.    We found the news from UNIT to be quite encouraging, yet the market price remains...

Week Ended 3/15/19

As you saw from the trade alert, we sold Farmland Partners this week due to the earnings report sending the stock up around 10%.  This is a stock we will likely buy back at some point as even after the 10% move it remains an impressive value proposition.  I want to...

Week Ended 3/8/19

The February US Jobs report came in mixed with a very weak 20K new jobs but strong wage growth over 3%.  Ordinarily these do not exist in tandem. I suspect what happened was that the government shutdown caused some delays in various pipelines that temporarily affected...

Week Ended 3/1/19

J.C. Penney announced strong earnings and traded up substantially on the report.  Within the report, they announced some store closures which has sent the retail REITs into a fit.  The REITs seem to be dropping in unison without regard to reason.  WPG is down 7% today...