Brief Portfolio Update Q2 2019 and Greystone Capital Commentary
Pound the Rock Investing
"When nothing seems to help, I go and look at a stonecutter hammering away at his rock perhaps a hundred times without as much as a crack showing in it. Yet at the hundred & first blow it will split in two, & I know it was not that blow that did it, but all that had gone before."
Tandy Leather Factory (TLF) – a cheap business with a path to a decent return
Nautilus (NLS) – value destruction could lead to an opportunity
Can’t get comfortable with Duluth Holdings (DLTH)
Brief Portfolio Update Q1 2019
Burford Capital (BRFRF/BRFRY) – leader in litigation finance with attractive economics
Weekly Articles 2/11 – 2/17
Nobility Homes (NOBH) – Illiquid, under-followed, cash generative home builder
Rimini Street (RMNI) – A high quality business going through some temporary issues
Skyline Champion Corp. (SKY) – an interesting setup in manufactured housing