Reading Time: 21 Minutes. Click here to read this letter as a PDF. The Use…
While the results this quarter have been somewhat boring, the underlying pace of activity of GreenWood is accelerating. Click here to read our second quarter letter describing our opportunity set – it’s never been better. Our portfolio has an unprecedented 15.2 to 1 risk-adjusted return profile right now. This gives me great excitement for the path ahead, and our pipeline is full with other very attractive opportunities.
Thanks to volatility inspired by the inept Greek government and a guidance reset at the company, Rolls Royce has become a new core holding for us, and it’s our first effort to help guide the value-creation process at our holdings. We believe we’re adding very constructive dialogue for the new CEO’s strategy, and have enclosed a very detailed report on the situation. In short, it’s a British blue-chip that can quintuple if the new CEO gets the strategy right. Aren’t finding a lot of 5-baggers in the Dow Jones Industrial average? Join us on our next trans-Atlantic flight!
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.