Snapshot:
My Implied Share Price: $32.50
Recent Decisions
1. Increased Exposure to Weyco Group, Inc. (WEYS)
Decision: I increased exposure to Weyco Group.
Reasons: I reviewed the financials and determined it was in stable financial position. The stock price has decreased dramatically recently and I do not believe it’s justified. I would consider this business to be better than average and has less competition in the dress shoe category.
Ongoing Thoughts: Moving forward I believe the company will benefit from the Supreme Court’s decision striking down tariffs and will grow considering the lack of competition.
This is a pretty good video with the CEO talking about the company:
2. Decreased Exposure to American Integrity Insurance Group, Inc. (AII)
Decision: Decreased exposure to AII.
Reasons: Even though I just increased the position last week, I decreased exposure at a loss here after I reaccessed my investing views. I only want to have maximum exposure to companies if I believe there is an extra large gap in valuation. Although I believe AII is a good company, I do not believe it’s extremely undervalued based on my valuation. With that I reduced exposure.
Ongoing Thoughts: I took a loss of .10 per share of My Implied Share Price based on this quick buy and sale. However, now everything is more in line with my views. Moving forward I believe the company will do well, however, I understand there are risks related to Mother Nature.