Weekly Series: mREIT And BDC Recommendations (And Price Targets) As Of 09/22/2024
Hi subscribers.
We aim to retain the same layout from week to week.
Weekly Notes From Colorado Wealth Management Fund
Positions: No trades for me last week. My cash allocation bumped slightly higher as I updated the sheets to reflect dividends collected and contributed a little bit of cash to the portfolio.
Commentary: The story of the week may be that the market saw a 50 basis point cut and yet interest rates increased along most of the curve.
Scott alerted me he had quite a few new sections in the commentary. In the website and email (non-Seeking Alpha) version, I’ve added some images that will highlight each of those segments to help investors skim. Thanks for getting our research through our website!
Website
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This email that you’re reading is actually an article. It’s posted on the website.
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Weekly Notes From Scott Kennedy
Positions: 2 trades this past week.
1) As telegraphed in last week's newsletter/article, on 9/16/2024 I increased my position in RC at a weighted average purchase price of $7.60 per share. A very attractive price in my opinion when considering longer-term prospects/catalysts. This add-on position was minor - modest in size. Remember, I/we currently have RC assigned as a risk/performance rating of 4.5. As such, this is not a stock for investors with a low, or even modest, risk tolerance (to remain non-bias). Simply put, the risk versus reward relationship is high. I accept this risk. I will likely remain patient layering-into my position (not a “sprint”). My general thoughts on RC have not changed since last quarter’s earnings assessment article. RC’s projected price appreciation will likely remain a long-term (1+ year) process.
