Hi reader, Five Below (one of the positions in my portfolio) shared pretty important news yesterday, which not only had implications for its financials but also the investment thesis as such. The most important news from the press release was that
I think its founder, Thomas knew something before the terrible guide and he sold off all his position at $108. I think he could be a good entry point guidance if any.
Tough decision, but if your conviction isn't there anymore it is the only right decision.
Any ideas on where you will allocate the capital? Existing position or looking for something new?
Thank you! I routinely allocate capital to the best opportunities in my portfolio so will probably go there.
I see! Keep up with the good work.
Thank you and thanks for reading!
Buy VFC. Check out the CEO and you’ll understand
Buy VFC
I think its founder, Thomas knew something before the terrible guide and he sold off all his position at $108. I think he could be a good entry point guidance if any.
Pretty sure he has not sold his position, where are you seeing this?