|Day Low/High||8.02 / 8.16|
|52 Wk Low/High||6.88 / 19.73|
The 2020 Double Net Value Portfolio includes a half-dozen offenders from the previous iteration of the portfolio.
The 22 stocks in the Double Net Value Portfolio collectively outperformed the value components of the Russell 2000 and Russell Micro indices.
Most of the 22 largely small-cap stocks that make up the portfolio are now in positive territory, with Hibbett Sports leading the way.
The portfolio of 22 smaller names has slid into negative territory, showing the pressure the market has put of late on smaller-cap stocks.
Shares of several retailers rode the coattails of Nordstrom and Dick's Sporting Goods on their favorable earnings releases Thursday, but Friday offers a mixed bag.
Apparel merchants as a group are seeing their stocks perform terribly so far in 2019, with only a handful in positive territory.
In the short term, Macy's is not likely to run afoul of dividend problems, but can management transform the company for long-term health? Few retailers have had such success.
As we enter the dog days of summer, with lower volume and perhaps more volatility, portfolio performance may get interesting.
There may still be opportunities to play off the markets' perception that the retail sector is dead.
This is the first inception-to-date period that the portfolio has not outperformed its benchmarks.
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.
The fashion retailer provided a nice buying opportunity when its stock plunged in 2017, but that doesn't guarantee a rebound after its latest slide.
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.
Those names in the green are not what one might expect, including some specialty retailers from my double-net value portfolio.
Despite disappointing performance this year, the strategy has shown solid return in the past.
Easier said than done: They also have to turn sales around.
Triple nets are companies trading between 2 and 3 times net current asset value; here are several of these value names.
The big question for TPR is whether the China concerns are overblown, or will continue to weigh on the sector.
Especially painful are situations where a name begins to drop almost immediately after taking a position.
Dick's Sporting Goods and Foot Locker are among the specialty retailers that bounced back after a butt-whooping last summer.
The sale of FOSL and CATO, and a partial HIBB, have significantly reduced my overall exposure.
It has been a phenomenal stock picker's market since last summer within distressed value.
Specialty retail is indeed a tough area, but in classic form, markets have overly punished a number of them.
Life is certainly interesting in this bizarro market world where up is down and down is up.
In deep value land, the whims and oscillations of the broad markets don't always spoil the party.