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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."
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Brief Portfolio Update Q2 2019 and Greystone Capital Commentary
During the second quarter of 2019, Greystone Capital returned 16.5%, bringing year to date returns to 58%, which compares favorably to...
Greystone Capital
Jul 20, 2019
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Tandy Leather Factory (TLF) – a cheap business with a path to a decent return
Some great resources have been devoted to covering Tandy Leather Factory (disclosure: no position) on places like Microcap Club, as well...
Greystone Capital
Jul 19, 2019
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Nautilus (NLS) – value destruction could lead to an opportunity
Nautilus is a fitness equipment manufacturer. The company makes consumer fitness products such as cardio and strength equipment, and owns...
Greystone Capital
Jun 16, 2019
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Can’t get comfortable with Duluth Holdings (DLTH)
Duluth Holdings is a clothing retailer. The brand has a long and storied history dating back to Duluth, Minnesota in 1989, when the...
Greystone Capital
May 31, 2019
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Brief Portfolio Update Q1 2019
During the first quarter of 2019, my portfolio returned a positive 42%. Mean reversion is a hell of a thing. While quarter to quarter...
Greystone Capital
May 4, 2019
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Burford Capital (BRFRF/BRFRY) – leader in litigation finance with attractive economics
This is a shorter than normal post. I’m not really doing a deep dive on the business, but I wanted to share some surface-level notes...
Greystone Capital
Mar 14, 2019
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Weekly Articles 2/11 – 2/17
I’m going to start a weekly post linking to some interesting articles I’ve read throughout the week. I will most likely send it out...
Greystone Capital
Feb 18, 2019
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Nobility Homes (NOBH) – Illiquid, under-followed, cash generative home builder
Ticker: NOBH Price: $18.8 Shares Out: 3.9mm Market Cap: $73.3mm Cash: $35mm Debt: $0 Enterprise Value: $38.3mm TTM Earnings: $5mm TTM...
Greystone Capital
Feb 14, 2019
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Rimini Street (RMNI) – A high quality business going through some temporary issues
The market hates uncertainty. It’s within this context that opportunities can be found. Rimini Street is one such opportunity in the form...
Greystone Capital
Jan 30, 2019
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Skyline Champion Corp. (SKY) – an interesting setup in manufactured housing
Skyline Champion Corp. (SKY) is a manufactured home builder. The current public company was formed June 1st, 2018 as the result of the...
Greystone Capital
Jan 10, 2019
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