Fun Fund: Q3 2021: The Trident of Destiny

This post is about my “Fun Fund.” I am going to discuss the performance of this actively managed investment account in the third quarter of 2021 and share some thoughts on a few positions.

As a reminder, most of the prior posts about this account (which is really just a small Roth IRA that I am tracking more closely than my other investments) are located on this page.

On Brave Reader

Conagra Brands Update

I am going to discuss the Conagra Brands (“CAG”) recent (03/22/18) earnings report.  The goal is to force myself to go through the report with a little bit of rigor and to document my assessment of facts (and how they impact my thesis) for future evaluation. Continue reading “Conagra Brands Update”

Retail REITs: Brookfield’s Acquisition of General Growth Properties

Since my post about retail REITs, Brookfield Asset Management (“BAM”) entered into an agreement to acquire a mall REIT, General Growth Properties (“GGP”), so I thought we should take a quick look at that comparable transaction as a touchstone for sector valuations and also because the terms looked interesting.   Continue reading “Retail REITs: Brookfield’s Acquisition of General Growth Properties”

Retail REITs: Apocalypse or Opportunity?

For several months now I have been thinking about the retail landscape, more specifically, landlords who own rental properties occupied by retailers.

The challenges facing retail are well publicized and include the Amazonian “Death Star” obliterating all retailers and a number of high profile retail bankruptcies (recently, Toys R’ Us and Clare’s).  I think the general consensus is that retail focused REITs are cheap, but for good reason.  I may have a different view. Continue reading “Retail REITs: Apocalypse or Opportunity?”