SRCL - Stericycle: Steady As She Goes
Shares of Stericycle, Inc. (SRCL) are up more than $10 a share since bottoming in December. That is a return of almost 30% over the past 7 weeks. Bit by bit, we are getting back to our break-even price. We remain confident that over time, we can make money on this position.
Although we may have gotten our timing wrong, we were smart with our position sizing in that we controlled our risk to a large extent. Currently, our Stericycle position makes up just over 3% of our portfolio. The absence of a