Portfolio Update 11.16.20

Period
November 16, 2020

Plenty of new content at www.valuedontlie.com — check out the premium posts for updates on new positions and coverage on existing positions.

My portfolio is still a ways off the ~12% return of the S&P 500 YTD — mainly with some of my top holdings still acting as huge underperformers… Looking exclusivity at the bottom of the list — MDP and DLX have been big detractors for the year (not all of these names have been owned for the entire period).

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You’ll notice above that nearly all of these stocks at the bottom of the YTD performance list have 1 of 2 characteristics — low price/cash flow multiple or low price/book. My thesis for each as to “why the market has it wrong” is still in session…

Here’s the portfolio as it looks today…

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Some tidbits:

Perhaps naïve but I still feel that most/all of these positions have 50-100% upside from here.