Portfolio Management Thoughts; Valuation S-Curve; and an Update on Investments

I review some thoughts on the valuations of some stocks we discussed last year, along with portfolio management tactics, thoughts on selling, and an update on CNK, MCS, NRP and FCNCA

The market continues to march higher and had a great year last year, but there continues to be lots of interesting bargains in stocks outside of the 50 or so largest names, which seem fairly valued (or in some cases perhaps richly valued).

I’m excited about the opportunity set in these value stocks and we made a few investments in such companies over the last couple years (see past writeups here).

I am working on a few new investment ideas which I will likely write about soon, but in this post I wanted to update a few of those previous investment ideas from last year.