Really thoughtful call on taking profits in HD. The multiple expansion from 18x to 26x is pretty dramtic when you map it against the low single-digit revenue outlook - that's a classic case of the market getting ahead of the fundamentals. I've been thinking about this same thing across a lot of consumer discretionary names that rode the reopening wave. The question I keep wrestling with is whether that 26x multiple is sustainable if rates stay elevated and big-ticket home projects remain deferred. Your disipline on locking in the 40% gain rather than letting it ride is solid portfolio managment, especially when the reinvestment opportunities look more attractive on a risk-adjusted basis. Thanks for walking through the rationale - always helpful to see the thought process behind exits, not just entries!
Really thoughtful call on taking profits in HD. The multiple expansion from 18x to 26x is pretty dramtic when you map it against the low single-digit revenue outlook - that's a classic case of the market getting ahead of the fundamentals. I've been thinking about this same thing across a lot of consumer discretionary names that rode the reopening wave. The question I keep wrestling with is whether that 26x multiple is sustainable if rates stay elevated and big-ticket home projects remain deferred. Your disipline on locking in the 40% gain rather than letting it ride is solid portfolio managment, especially when the reinvestment opportunities look more attractive on a risk-adjusted basis. Thanks for walking through the rationale - always helpful to see the thought process behind exits, not just entries!
I own 2 stocks with very similar tickers, INSTP and INSP, between the two, i believe INSP is even more undervalued...
Are those two both separate to INPST?
No, INSP its the ticker of Inspire Medicals Inc.
Ahhh. I’m not familiar with either.
Nice write up. Has InPost been close to getting back on your 'add to' list given the current share price?
It has but with earnings next week I’d rather wait plus on a cost basis I’m pretty happy with the weight.
Thanks for response. Makes sense.
Welcome
It´s a good time to add to Inpost?
I’ll share a full earning review on it very soon
Excellent buys and performance, I guess.
I don't see Evolution anymore, did you sell everything?
Thanks and no, I haven’t sold a single share. Take another look: EVVTY
Thanks
I have the Swedish ticket
Thanks for clarifying it
Happy investing
I own the Swedish ticker also but Portseido doesn’t have it set up so I just used the US version for the tracker