DEO - Argosy Investors Q1 2024 Letter
2024-06-19 03:00:00 ET
Summary
- Argosy Investors is a fee-only investment adviser seeking to earn above-average returns through a risk-conscious approach that allows us to maintain significant amounts of cash if the conditions warrant, and to deploy capital quickly and aggressively when opportunities are more plentiful.
- S&P 500 returned 10.6% year-to-date, portfolio has 46.4% in cash and short-term bonds.
- Argosy Investors added investment in Endava due to post-COVID hangover, potential for growth and low valuation.
- Argosy Investors bought a small position in Tiendas BBB, a hard discounter in Mexico with potential for growth and attractive financial characteristics.