Portfolio Update - October 2024 Update
The U-turn is here! October nearly erased all of September's gains.
October brought intense volatility, but it’s the kind we welcome. When market swings stem from fear and uncertainty rather than fundamentals, they create opportunities to buy strong companies at reasonable prices, with a healthy margin of safety.
Let’s take a look at CROX. Before its earnings report, the stock closed at $138.05 on October 28th. Just three days after announcing third-quarter results, it closed at $107.82 on October 31st—a drop of nearly 22%. You can review the earnings details and the investor call transcript, but in short, while the company slightly lowered its guidance, it remains highly profitable and continues to expand. So I loaded up more positions like board member John Replogle.
This month the market allowed me to open positions in ACLS (Axcelis) and add more of it, and add positions to CATG.PA (Catana Group) and CROX (Crocs) in two parts.
As P&L, we returned back to where we have started.
Here's the November distribution of the model portfolio after all the updates.
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The opinions expressed by the author, Moat Mind, are for informational and educational purposes only and should not be interpreted as financial or investment advice. The content presented does not constitute an investment recommendation and should not be relied upon to make investment decisions. The author is not acting in an investment adviser capacity and is not providing personalized financial advice. This content does not represent a comprehensive analysis of any company or security, and it is not a substitute for independent financial research. Investors should perform their own due diligence, which includes a thorough review of SEC filings and consultation with a qualified financial professional before making any investment decisions.The information presented is based on sources believed to be reliable but has not been independently verified. Therefore, the author does not guarantee its accuracy, completeness, or suitability for any specific purpose. Any views or opinions expressed are as of the date of publication and are subject to change without notice.
Disclosure: The author may hold positions in the companies or securities mentioned and may buy or sell these positions without further notice. The performance of the example portfolio shared on Moat Mind is not a promise of future returns. Past performance does not guarantee future results. This is not financial advice. You are solely responsible for your own investment decisions. Moat Mind disclaims any liability for losses incurred based on the information provided here. Always consult your own financial advisor before making any investment decisions.