Apr. 1 at 9:30 AM
Magic march looked more like murderous march as the indices were uncooperative for a whole host of reasons well known and some of my larger holdings took it on the chin.
The thesis doesn't change for me as some of my holdings got stronger fundamentally even as prices didn't reflect it.
What worked:
$ARQ - got brutalized on downbeat update. Deployed significant cash as it overextend to the downside and was rewarded
$ANRGF - Great earnings, multiple new analysts covering and upgrades
What hasn't worked yet:
$TOYO - again, great earnings and guidance. New CEO and CSO should remove any remaining red flags in time. Highest upside of my holdings from these levels
$DAVE - super earnings, bought back 334k shares at 210. 300m buyback in place, dunked to the 160s. Now rallying. Will find it's way back above 200 and more soon
$FOA - the unsexiest space imaginable. Company chose debt paydown over buybacks. Fundamentals support far higher. Waiting game.
Here's to awesome april!
