‘Green Thumb Industries (GTBIF) is Undervalued’ Says Miller Value Partners
Miller Value Partners, an investment management firm, published its ‘Opportunity Equity’ fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 35.4% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.15% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Miller Value Partners, in their Q4 2020 Investor Letter, said that Green Thumb Industries Inc. (NYSE: GTBIF) is undervalued in terms of their licenses. Green Thumb Industries Inc. is a cannabis consumer packaged goods company that currently has a $7.7 billion market cap. For the past 3 months, GTBIF delivered an impressive 77.76% return and settled at $36.44 per share at the closing of February 12th.
Merion Road Capital: ‘We Should Have Held Our Positions in Four Corners Property Trust (FCPT)’
Merion Road Capital Management, an investment management firm, published its fourth-quarter 2020 Investor Letter for its ‘MRCM Long Short Small Cap’ and ‘MRCM Long Only Large Cap’– a copy of which can be downloaded here. A return of 11.5% was recorded by its Long Short Small Cap fund for the Q4 of 2020, outperforming its Barclay Hedge Fund index that made a 9% return, but below its Russell 2000 benchmark that delivered 31.3%. Its Long Only Large Cap fund delivered a 21.2% return, above its S&P 500 benchmark that accumulated 12.1%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Kinsman Oak Capital’s Alphabet (GOOG) Bull Case
Kinsman Oak Capital Partners Inc., an independent Toronto-based boutique investment firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 6.4% was recorded by the fund for the Q4 of 2020, below both its S&P 500 and Russell 2000 benchmark that delivered a 12.2% and 31.4% return respectively, and also underperforming its TSX Composite Index that gained a 14.3% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Kinsman Oak Capital Partners, in their Q4 2020 Investor Letter, said that they have a controversial view on Alphabet Inc. (NASDAQ: GOOG) because they view it as a ‘not so expensive’ company. Alphabet Inc. is a holding company and the mother company of Google, that currently has a $1.4 trillion market cap. For the past 3 months, GOOG delivered a decent 19.75% return and settled at $2,095.38 per share at the closing of February 1
After Taking Profits, Merion Road Capital Says Pinterest (PINS) is “No Longer Attractive”
Merion Road Capital Management, an investment management firm, published its fourth-quarter 2020 Investor Letter for its ‘MRCM Long Short Small Cap’ and ‘MRCM Long Only Large Cap’– a copy of which can be downloaded here. A return of 11.5% was recorded by its Long Short Small Cap fund for the Q4 of 2020, outperforming its Barclay Hedge Fund index that made a 9% return, but below its Russell 2000 benchmark that delivered 31.3%. Its Long Only Large Cap fund delivered a 21.2% return, above its S&P 500 benchmark that accumulated 12.1%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Mittleman Investment Management: “AMC Entertainment (AMC) was Our Only Material Loser in Q4”
Mittleman Investment Management LLC, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 31% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.1% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Miller Value Partners, in their Q4 2020 Investor Letter, said that AMC Entertainment Holdings, Inc. (NYSE: AMC) was a detractor for their portfolio in the fourth quarter of 2020. AMC Entertainment Holdings, Inc. is a movie theater chain that currently has a $1.8 billion market cap. For the past 3 months, AMC delivered an impressive 88.22% return and settled at $5.59 per share at the closing of February 12th.