Snapshot
My Implied Share Price: $33.63
Recent Decisions
- Bought Mattel, Inc. (MAT).
- Sold JAKKS Pacific, Inc. (JAKK).
- Re-bought Bed, Bath, and Beyond (BBBY) essentially executing stock options to hold shares again.
- Rebalanced positions including trimming exposure to Fiverr International (FVRR).
Situation
The overall market rose this week and my positions rose with it. Mattel’s price remained steady but my valuation found it to be extremely undervalued, and I consider it a good well-known company.
Response
Although I really like JAKKS and found it to be undervalued and found that the tariff correction would benefit it greatly, it was still in the category that Mattel would be in, which is my Retail Segment. JAKK was the position that I had the least confidence in. Essentially, I made the decision that I would rather have more exposure to MAT than JAKK. Right after I sold JAKK, it rose 10%, which I knew was possible following its earnings.
Reflections
Even with missing the 10% bump from selling JAKK I still feel great long-term holding MAT.
Additionally, I rebalanced the portfolios and now have much more cash than I need. I feel safe, secure, and prepared to take advantage of any opportunities the market offers.
FVRR jumped in price following earnings. I still believe it’s extremely undervalued, but with the rebalancing, and accounting for some loses with exchanging the BBBY options to stocks, I thought it would be best to take a little exposure off of FVRR.
My company is currently 33.76% cash and my Implied Share Price is at an all time high of $33.63 per share.