skip to Main Content

Second Quarter 2016 Updates

Please click here to read our brief quarterly letter reviewing our opportunity set and a couple new positions.

Additionally, our presentation on EXOR was selected by the Ira Sohn foundation as a finalist in the stock-picking contest. I’m convinced the only reason it wasn’t selected to be presented live was that it highlighted some critical aspects of GM, which was pitched directly after by a well known value investor and judge of the contest. I transferred the presentation into a live-youtube format, which you can watch here. I am so humbled that the video has already been viewed by people for nearly 15 days of watch time. The presentation also coincided with the discount to EXOR’s NAV narrowing from nearly 40% to mid 20%, so we have perhaps helped add value to our largest position.  

Lastly, I’m extremely pleased to tell you that the cornerstone of our “suggestivist” flight plan we shared with both you and the management team of Rolls Royce this time last year has been accomplished in the acquisition of a major supplier by the company last week. Having just attended the Farnborough air show, we came away increasingly positive on both the prospects of Rolls Royce and Leonardo-Finmeccanica. Notes from the airshow are posted in the Grove

Get Access to Our Research

Would you like to learn how you can access our research on the names mentioned in this article as well as others?

Disclaimer:

This article has been distributed for informational purposes only. Neither the information nor any opinions expressed constitute a recommendation to buy or sell the securities or assets mentioned, or to invest in any investment product or strategy related to such securities or assets. It is not intended to provide personal investment advice, and it does not take into account the specific investment objectives, financial situation or particular needs of any person or entity that may receive this article. Persons reading this article should seek professional financial advice regarding the appropriateness of investing in any securities or assets discussed in this article. The author’s opinions are subject to change without notice. Forecasts, estimates, and certain information contained herein are based upon proprietary research, and the information used in such process was obtained from publicly available sources. Information contained herein has been obtained from sources believed to be reliable, but such reliability is not guaranteed. Investment accounts managed by GreenWood Investors LLC and its affiliates may have a position in the securities or assets discussed in this article. GreenWood Investors LLC may re-evaluate its holdings in such positions and sell or cover certain positions without notice. No part of this article may be reproduced in any form, or referred to in any other publication, without express written permission of GreenWood Investors LLC.

Past performance is no guarantee of future results.

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top