Transaction log

  • Jun 12, 2023 - Bought 25 @ $61.24 (0.98% wtg, coffee can)

  • Jul 18, 2023 - Bought 15 @ $63.52 (40 shares, 1.59% wtg)

BJ’s Wholesale

Location: Marlborough, Massachusetts

 

Profile

Industry: Discount stores

Sector: Consumer defensive

Theme: Middle class squeezed

5-Year shareholder growth: +19.3%/year

Estimated fair value: $82

Valuation assumption: 5.5% MFCF yield

History
Rebalancing our dollar store holdings
Rebalancing our dollar store holdings

In July 2021, Dollar General was the darling of the dollar store space while Dollar Tree was the dog. Today, fortunes have reversed. Time to rebalance? [trades]

Zoom guilty of overissuing stock options
Zoom guilty of overissuing stock options

Despite checking a lot of boxes, Zoom committed a cardinal sin: issuing stock options like it’s candy. Time to take our lumps and move on. [trades]