BBRYF - Pernas Research Q1 2024 Investment Letter
2024-04-19 13:35:00 ET
Summary
- Pernas Research LLC aims to provide high-quality actionable stock research for professional investors and RIAs.
- The Pernas Portfolio achieved a return of 4.9% in the first quarter, compared to market averages ranging from 5.1% to 10.6%.
- We are of the view that AI technology is still in the first inning and are actively seeking companies poised to benefit from this trend.
- Although there are several names under evaluation, currently our favorites are Doc Martens and Burberry, both trading well below 10x normalized P/E and both with significant growth potential.
| QTD | YTD | *ITD | |
|---|---|---|---|
| Pernas Portfolio* | |||
| 4.9% | |||
| 4.9% | |||
| 26.3% | |||
| S&P 500 | |||
| 10.6% | |||
| 10.6% | |||
| 14.5% | |||
| Russell 2000 | |||
| 5.1% | |||
| 5.1% | |||
| 7.8% | |||
| DJ Industrial Average | |||
| 6.0% | |||
| 6.0% | |||
| 12.4% |