Portfolio Update 1Q24
A combo of special sits and cheap stocks at a combined 9x earnings / 6x FCF
The roadmap for this post will follow: 1) snapshot of current portfolio; 2) overview of new additions / exits; 3) quick highlight of major positions; 4) random commentary I feel like going deeper into.
For all the newcomers, I’d suggest skimming the following:
My bucket approach to investing
Core — cheap or undiscovered compounders
Generals — combination of plain vanilla cheap stocks and special sits
Option — net-nets, levered turnarounds, balance sheet plays, asymmetric bets
My investing philosophy & process notes
All-cap value investor with a small/microcap emphasis
Special situation focus
Cash flow
For folks that aren’t subscribers yet… here’s a 20% off promo to give it a try. I promise you’ll find at least one good idea in the lot (heck, these are my best ideas that I’m personally invested in!).