FCAU - GreenHaven Road Q4 2018 Letter: Cedar Creek's Acquisition Of BlueLinx
GreenHaven Road Capital commentary for the fourth quarter ended December 31, 2018, discussing Cedar Creek's acquisition of BlueLinx.
Dear Fellow Investors,
The fourth quarter was not a profitable one for the partnership. In fact, statistically, it was the least profitable we have had in several years. For investors in the Long-Term Class, returns were approximately -20.7% for the quarter and -10.5% for the year. You may take some solace in the fact that the Russell 2000 was down -22% for the quarter and down -11% for the year.
As I have written before,