|Day Low/High||49.51 / 51.85|
|52 Wk Low/High||25.17 / 63.74|
Since the last update, both portfolios are up about 9%, keeping the performance gap at about 1700 bps.
While Fitbit is still the best performer, other names are beginning to carry their weight.
While this experiment is still inconclusive, it's still nice to see both groups of triple nets outperforming.
The two portfolios, one active and the other passive, have sagged with the broader market but still are outperforming a pair of Russell value indices.
Can an active approach outperform a passive approach in small, deeper value names?
These companies are trading between 2x and 3x net current asset value, and with a market cap in excess of $100 million.
The 22 stocks in the Double Net Value Portfolio collectively outperformed the value components of the Russell 2000 and Russell Micro indices.
Here's a look back at how my recommendations worked out.
Most of the 22 largely small-cap stocks that make up the portfolio are now in positive territory, with Hibbett Sports leading the way.
One thing is certain: Triple-nets are not a common investment hunting ground, but some may be the recipe for the next ETF.
Luxury wine producer Crimson Wine Group is among them, as are a handful of manufacturers.
The portfolio of 22 smaller names has slid into negative territory, showing the pressure the market has put of late on smaller-cap stocks.
While earnings per share have advanced nicely, ASTE is down compared to last year as investors had fled, leaving the stock at a depressed price-to-earnings.
As we enter the dog days of summer, with lower volume and perhaps more volatility, portfolio performance may get interesting.
This is the first inception-to-date period that the portfolio has not outperformed its benchmarks.
The recent market turmoil has created an opportunity for investors seeking to snap up shares of Astec Industries at a decent price.
With its focus on infrastructure and its stock down for the moment, this might be a good time to buy shares of Astec Industries.
These 22 stocks in the aggregate are still outpacing the Russell 2000 and Russell Microcap indices, but by a narrower margin than before.
These 22 stocks in the aggregate continue to outpace the Russell 2000 and Russell Microcap indices as all but three are in positive territory.
Titan Machinery is the top performer so far in 2019, up 38% since portfolio launch.
The 22 names in the portfolio as a group are outpacing the value components of the Russell 2000 and Russell Microcap indices.
Despite disappointing performance this year, the strategy has shown solid return in the past.
Astec should be a major beneficiary of future government spending as it starts ramping up in earnest.
Astec Industries, an infrastructure play, has pulled back to firm support and shows upside.