2024-07-11 13:20:00 ET
Summary
- We have had arguably one of the more dismal six months to report to Partners.
- Giant spreads between us and an index or our index and other indices tend to mean revert, but as has been noted often, this has been one helluva decade as far as pace of closure.
- Our three biggest drags on performance have been in and out of best/worst performers for several years and we can obviously say their “issues” have not been resolved (to date) to our satisfaction.
- We have three new more material positions added in thequarter.
Greetings Fellow Shareholder.
We have had arguably one of the more dismal six months to report to Partners. While specific portfolio issues are always more important and relevant on both the upside and downside as we are not a "beta boat," and dependent upon the tides of the market, it is worth noting a few things about the markets at large....
Read the full article on Seeking Alpha
For further details see:
Cove Street Capital Q2 2024 Letter To Shareholders