In general terms, a recession is defined as two consecutive quarters of GDP decline. If one were to apply such a term to specific sectors, then it would logically represent a decline in revenues for two consecutive fiscal quarters. Online…
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Grupo Comercial Chedraui (CHDRAUIB.MX, $2.56 USD) Powers up a Very Strong Fiscal Q1, 2022 Result.
The newest owner of the Smart & Final retail cash and carry chain released their fiscal result for Q1. Numbers were impressive even without the acquisition accretion. Non Smart & Final assets, 3 grocery and retail banners, (Chedraui in Mexico,…
Posted in Open Blog
Itafos (MBCF-OTC,$2.90 US) is an Interesting Business. It Seems a Shame not to Qualify for Inclusion in the Gnostic Portfolio, due to Cap Weight Restrictions.
As I continue to flesh out farmland purchases, my working knowledge of agricultural chemicals (better living through organic chemistry) requires a refresher. I am primarily a landholder rather than an active farmer; my fields are rented out to tenants who…
Posted in Open Blog
Gnostic Capital Large Cap Global Portfolio Return for the Quarter Ended 03/31/2022.
The first quarter of 2022 proved to be eventful for large cap investors of all stripes, both active and passive. For Q1, 2022, the Dow Jones Industrial Average declined by 4.4%. The S&P 500 fell by 4.7% on the quarter.…
Posted in Open Blog
Understanding the Motivation of Putin is the Key to Determining How the West Will Ultimately Respond to the Russian Invasion of Ukraine.
“What on earth would Possess Vladimir Putin to risk a global war in order to control Ukraine, an eastern European backwater?” On September 14th, 1960, the nations of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela agreed to create an organization…
Posted in Open Blog