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With a month to go for these portfolios, the Active version is outperforming the Passive one, though both are crushing their Russell kindred.
Six of the eight active names are in positive territory.
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.
Plus, "smart rings" for detecting Covid-19 and quick looks at Salesforce.com and Zscaler.
There are many factors in play and the deal could be scuttled by the Justice Department.
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?
It's likely the deal goes through, but I don't believe that attempting to take advantage of FIT's current 11% discount is worth the risk.
It has been portfolio cleanup time, which means saying goodbye to some stocks and hello to others.
These companies are trading between 2x and 3x net current asset value, and with a market cap in excess of $100 million.
Wearables shipments are now growing at a sky-high rate, and a slew of companies are getting a lift from their exposure to the space.
Nothing from Alphabet's CEO changes has me thinking short. In fact, I'd use any weakness to consider a long side trade.
A document filed with the SEC reveals the behind-the-scenes competition between Alphabet and another suitor for the hand of the smartwatch maker.
Let's review the long-term bullish case for this FANG stock.
Most of these names are smoke and mirrors, with the elusive profit objective often years away.
Let others wait and see if someone comes in with a better offer than Alphabet's bid for Fitbit; this value investor is taking his profit and leaving the table.
While its smartwatch business is struggling, Fitbit's fitness tracker and health services businesses are faring better.
The maker of wearable fitness devices has seen its stock sprint higher on the buyout news after languishing this summer near multi-year lows.
Accounting charges and aggressive hiring weighed on Alphabet's bottom line. But its top-line momentum remained strong.
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.
Adding 'triple-nets' this time around with three key screening criteria.
FIT indeed has much to prove, the early 2015 euphoria is gone, and most growth investors have moved on.
A bunch of beaten-up value names registered double-digit percentage gains last week; we'll see if the rally can continue.