Transaction log
Dec 27, 2021 - Bought 35 @ $42.87 (1.01% wtg, opportunistic)
May 27, 2022 - Bought 25 @ $26.58 (60 shares, 0.99% wtg)
Aug 9, 2022 - Bought 40 @ $22.00 (100 shares, 1.51% wtg)
Mar 2, 2023 - Bought 35 @ $14.67 (135 shares, 1.29% wtg)
Jun 9, 2023 - Downgraded to speculative
Oct 5, 2023 - Sold 135 @ $3.99 (closed, 0% wtg)
Performance
Total return = -81.74%
Coffee Can contribution = -2.91%
Location: Columbus, Ohio
Introducing Coffee Can rule #19: Water the flowers, pull the weeds. [trades]
The company keeping me up most at night is Big Lots. Is this a buying opportunity or death trap? [mailbag]
If BIG can get through this rough patch (no guarantee; the stock is not without risk), they could eventually earn $8.00 assuming operating margins return to 6%. The downside is zero; the upside is easily 5-10x. [trade]
While GAMCO underwhelms with its ESG bona fides, Crocs overwhelms with its HEYDUDE acquisition. R.I.P. Olivia Newton-John. [trades]
Retailers can’t get a break: first lockdowns, now supply chain issues, food and energy inflation, and consumers crying “uncle.” Adding to AEO and BIG. [trades]
Supply chain issues, labor shortages and price inflation have created a hand full of year-end bargains. [trades]
