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,