"I am clueless."
Investing without knowledge, investing only with clues or with anecdotal information -- that's all speculating, not investing. Imo. And, yes, I'm doing a lot of that. Usually with not a lot of money behind it though.
Here's what I have regarding the stocks relevant to your post.
Sprouts (SFM) up 800% since I mentioned buying it about five years ago. Have tracking position only; dollar gain small. When you never figure out what you own, and only have and keep a few shares, you accept the gain but kick yourself for realizing you coulda/shoulda done a lot better.
Asics (ASCCY) up 80% since I mentioned buying it last year. Only a few shares = small dollar gain.
Ackman: After two year holding, I sold most HHH at loss. Waiting with the rest to see what Ackman does here. I'm a holder of his Pershing Square (PSHZF). Two year holding, moderate $ gain. This thing has a $50 brokerage fee each trade, so it's prohibitively expensive for me to only buy a few tracking shares with an intent to add a few more later. So my moderate $ gain is partly because I've had to start with a larger buy than I would've liked. People avoid Ackman/Pershing because Ackman gets both a fee for managing and a large % of any profits. It's roughly ten equities he holds, and the stock market value of them is above what Pershing's enterprise value is. Ackman periodically buys back PSHZ to try to reduce that disconnect. In spite of Ackman's huge pay here, the underlying stocks have increased and so too has the stock (PSHZ) while maintaining the disconnect.
Sprouts came to my attention because I occasionally shop there, and Asics because I buy their sneakers.
Fwiw, a couple of other stocks like this that might do well and that I am holding now are:
General Mills (GIS) moderate position. Good size loss for me so far.
BellRing Brands (BRBR). I, and I see several others in my gym, drink their Premier Protein. I'm guessing tough competition overall though from Coca-Cola's Farlife. Small loss so far on small position. |
