Last month I asked you how often you'd like updates on our charitable portfolio, you told
me every month, so here it is!
Hi, if you're new here, my name is Stephen Spicer and it's my goal to help you build
out your rapidly-growing, highly-diversified net worth, one video at a time.
If that's something you're interested in, I hope you'll join us by clicking subscribe
and the notification bell.
And if you're new here, you're probably wondering what this charitable portfolio is…
for every new subscriber I get, I add $1.
At the end of each quarter, we're going to pull out 10% of the profits and send them
to a charity devoted to financial literacy, Operation Hope.
We'll let the rest continue to compound.
Our donations will start small, but think of the impact we can have as we continue to
grow, to 100,000 subscribers, a quarter million, ...a million?
I don't know if a channel as niche as mine could ever get that large, but just imagine
the impact we could have.
Maybe I'm just a dreamer, but I sincerely do appreciate all your help in making this
possible.
Last month, I tried to get 200 likes in the first 48 hours, and I said I would contribute
another $100 if we could do it.
Well at 24 hours, I was hopeful, we were at 98 likes.
But the momentum fell after that and we fell short.
Thank you to all of those who helped!
But now, guess what, we're more than two times as large, so surely we could hit that
goal.
Let's give it a try: 200 likes in 48 hours, and I'll contribute another $100 to the
portfolio.
I'm sure we'll hit it this time!
But don't forget, go hit the like button now, just in case!
Thank you in advance!
So let's get into the portfolio, shall we?
Over this last month, it was up 2.5%, nothing spectacular.
But I'm pretty happy with how each of the individual positions performed.
Let's go through each of them, smallest to largest.
First there was Cinedigm.
Ticker: CIDM.
If you'll recall, I briefly explained the unique risk/reward profile of this position.
Unlike most of our other positions, I believe that the downside scenario might actually
be more likely than the upside.
But that's okay with me - let me explain.
In the article I wrote last year for Seeking Alpha, I detailed an upside scenario that
would provide shareholders with 10x returns on their principal investment at these levels.
I also gave several reasons that they are pretty much already trading at their floor.
That means that even if I believe the downside to be more likely, because the loss there
would be so negligible and the potential gain so significant, the overarching risk/reward
profile is still actually skewed quite a bit in my favor.
Of course, by definition then, I will not "win" everyone of these types of investments,
or even most of them, but when I do, it'll be significant.
So, of course, I don't want this position to make up too much of my portfolio, that's
why it only constituted about 6% of our 5 stock portfolio.
After its normal nano-cap fluctuations, it ended this month down about 5%.
The total effect on the portfolio was a 0.33% decline.
Then, we had Entravision.
Ticker: EVC.
I hadn't completed my deep dive at the time, so I only took a roughly 6% position here
as well.
We covered the results of my deep dive in August's Top Stock Pick video.
The position is up about 13%, which boosted our overarching portfolio by 0.68%.
Third, we had NACCO Industries.
Ticker: NC.
I covered NACCO in detail with our Insiders a few weeks ago.
That video lives on within the Group.
Over this last month, NC went up about 8%.
That resulted in a 1.15% increase to our overarching portfolio.
Next, we had Hi-Crush.
Ticker: HCLP.
You're all very familiar with this one by now.
It sold off ex-dividend, which wasn't too surprising for such a volatile stock.
As I have said many times, there are absolutely risks in this position (it's probably the
position with the greatest downside potential at the moment), but I do, personally, believe
that the selloff has been overdone.
After accounting for the significant dividend that we received last quarter, our position
was down about 11%.
This constituted a 4.51% loss of the overarching portfolio.
And finally, our largest position, and currently my highest conviction trade, Otelco.
Ticker: OTEL.
The share price rose significantly on solid quarterly earnings.
But as I've mentioned to the Insiders several times, the catalysts I identified in July's
video are all still in play.
In fact, perhaps even more so, now, with their improved numbers.
I believe there will be another minor catalyst (could be up or down) over the next couple
working days - hope I can get this out in time - again that's something we've discussed
inside the Group.
But, my point is, I wouldn't be surprised if there isn't another little jump one way
or the other soon.
For me, again, this is personally, I'm holding out for one of those long-term catalysts I
mentioned in July's video.
OTEL is up almost 17%.
This boosted our overarching portfolio by 5.43%.
But now, what to do with the extra $1,400 I deposited this month - since we now have
around 2,200 subscribers.
Well, I increased my allocation to all of my existing positions and added one new one.
Let's briefly go through each, and I'll spend (just) a little bit extra time on that
last one since it's new.
OTEL remains my highest conviction position.
I want it to make up about 35% of the total portfolio equity.
I purchased an additional 25 shares Thursday morning.
Our average cost per share (including commissions) is now $16.361.
We own 44 shares total.
As I mentioned, I still think HCLP is suppressed further than justified.
That being said, don't get me wrong: the ride will still likely be bumpy!
I added 21 shares.
Our average cost per share in this portfolio is now $13.462.
We own 46 shares.
It now constitutes roughly 25% of our total portfolio equity.
After the deeper dive I did into NC, I released I like it for the next couple years.
I purchased 5 more shares for our portfolio.
Our average cost is now $34.05 and it constitutes roughly 14% of our total portfolio equity.
Again, after the deeper dive into EVC, I like it as well (even after its recent increase).
I'd like it to make up about 8% of our portfolio.
I purchased 22 more shares, making our average cost per share $5.24.
And then there's CIDM - that long-shot position.
I want it to make up about 4% of our portfolio.
I purchased 25 more shares, making our average cost per share $1.48.
Finally, the new stock I added was the one I covered in Thursday's Live Insider Stock
Pick: Venator Materials.
Ticker: VNTR.
Again, that video lives on inside the Group.
This is a spinoff that has been punished over the last year - it's chart looks like a
falling knife, so be careful.
If you decide to initiate a position, know what you're getting into!
It absolutely could fall more.
But over the next couple years, with my understanding of the company and the unique opportunity,
I like it.
At its current price, I want it to make up about 15% of our portfolio.
I purchased 28 shares at an average cost of $11.743.
That's it.
That's where everything stands now.
I would love to double up again next month and add another $2,600 or so.
So, if you're not subscribed yet, and you can see the value in the type of research
and analysis I do, I hope you'll click that subscribe button and the notification bell.
Cole be a part of our investing community.
If you haven't already, don't forget to leave that like.
Share it so your friends can like it too and we can make an even bigger difference together.
I'll see you in the next video.
Take care.
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