My top 10-ish positions in no particular order: UVIC, GLW, MSFT, MGDDY, MHR-D, DRAGF. No changes
New positions:
Positions increased: FBOD, CJES, JPM, AAUKY, GTAT
Positions reduced: PERI, EGY
Positions eliminated:
Flip-flop:
Not much activity this month. I sold some more EGY and PERI on valuation although PERI management has increased their projections for this year's results. This is probably the reason for PERI runup that I mostly missed when I sold part of PERI position in the summer. I still have low confidence in this company, so I lightened even more. Probably I should fully exit the stock, but I am keeping a small position to see what happens next.
I decided to buy more FBOD as the price collapsed to $1.10 range. It's clear that people want to get out while the stock is trading instead of holding out for liquidation distributions. This now seems somewhat attractive liquidation play.
I added CJES, JPM, AAUKY, GTAT on valuation. CJES, AAUKY and GTAT are probably facing bad business results in near/intermediate future, so it is quite possible that their prices will continue to drop. |
