2024-06-24 07:30:37 ET
Summary
- Daily Journal Corporation's portfolio remains largely unchanged since Charlie Munger's passing, aside from sales to repay margin loans.
- DJCO's operations, which include newspapers and software services in the legal industry, show no significant growth potential, leading to uncertainty about future prospects.
- The Board has suggested the operations will be the main area of focus going forward, not portfolio management in the vein of Munger.
- With most of the portfolio invested in two big banks, investors may find it more practical to invest directly in these stocks until DJCO offers a real discount.
It's been a few years since I took a serious look at Daily Journal Corporation ( DJCO ), but after Charlie Munger's death last fall, I have been curious about what's next for his company. I also noticed that DJCO hadn't been covered on Seeking Alpha since that time, just a couple of weeks before Munger passed away. I figured it might be time for me to catch up and to help readers do the same....
Read the full article on Seeking Alpha
For further details see:
Daily Journal Corporation: Uncertain Portfolio, Post-Munger