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Posts from the ‘Avcorp AVP)’ Category

Week 146: Some thoughts on agility

Portfolio Performance

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See the end of the post for the current make up of my portfolio and the last four weeks of trades.

Recent Developments

Four weeks ago I wrote:

I think an important pillar of my strategy to take advantage of the concentration that I can have.  I don’t have anyone pressuring me to be diversified or questioning my risk level or anyone to answer to if something goes wrong.  So I don’t hesitate to have a large percentage of my portfolio tied to the names I think will perform the best.

With that said, the names that I am currently of the heaviest weight are, of course, Pacific Ethanol, which remains my largest position by far

Today Pacific Ethanol represents a 2% position for me. Read more

Week 135: Retail Changes

Portfolio Performance

week-135-yoyperformance

See the end of the post for the current make up of my portfolio and the last four weeks of trades.

week-135-Performance

Recent Developments

During the Christmas break I began to focus my attention on the Canadian market, searching out stocks that had not yet participated in the bull market or that had further room to run.  I started to call these stocks my “Venture” ventures but that is not really accurate; I’ve actually only invested in a couple of companies that trade on the Venture exchange.  But they do tend to be small and micro and even nano cap companies, so many of them are Venture in spirit if not name.

My thesis was based upon a few pillars.  First, the Canadian markets severely underperformed the US markets in 2013 and given the tie between the trade of the two countries I didn’t think this disconnect could continue forever.  Second, The Canadian markets were dragged down by a rout in commodity stocks, particularly gold, and I wondered how much of the general downdraft had resulted in non-commodity businesses being dragged down unfairly.  Third, the Canadian dollar had fallen 10% and I had to think that this made any kind of export based business much more attractive.

The fall of the Canadian dollar also provided me with another reason to return to my home-country market.  I have done really well in the past year owning stocks in American dollars.  Its been a 10% gain across the board, even if a individual stock did nothing. But this force can work two ways and I am wary of a 5% correction to the upside that causes my portfolio to take a hit. Read more

My Second Venture Venture: Avcorp

This is my second in a series of posts I am writing about smaller Canadian stocks which are either on the Venture exchange or should be, and that I have taken a bit of a bucket approach with.  I am buying small positions with the hope of taking advantage of the individual company dynamics as well as the larger theses that the Canadian dollar that will benefit their competitiveness and that there is an improving speculative investment atmosphere for Canadian stocks.

For those of you not very interested in stocks with a market cap in the double digit millions, I apologize.  I do not plan to become a penny stock guru, it just seems to be a place where some opportunities lie right now.  I did make a couple of tweets over the last week of two larger company’s that I have added in the last couple of weeks;  Sherritt International and Nordion.  I’ll try to come up with more extensive write-ups on both of these positions at some point, but because they are reasonably large well known entities I felt that the tweets were sufficient explanations of my rationale, whereas these micro names required further delineation.  Its worth noting that my positions in Nordion and especially Sherritt are significantly larger than what I am putting into something like Avcorp.

On to Avcorp

Avcorp (AVP) is an interesting little story that I have a small (less than 1%) position in.  Before I go too far into it, a word of warning; this is a stock that certainly might not work out and it may just languish at these levels indefinitely.  However there is a chance it breaks out to significantly higher levels if the stars align just right, and that’s why I have a position. Read more