Recent Sell – EVI, BBB

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A bit of portfolio cleanup with a couple of recent sales in my portfolio. As mentioned in my monthly outlook posts, I am looking for portfolio simplification (and getting rid of weak names in the portfolio).

First sale: This documentation is a bit dated since I sold this in October, but never officially wrote about it. I sold my small position in EVI Industries (EVI) and booked a loss. Its a company that has been hyped up and while there are some really interesting aspects of the company that I like, I am not completely convinced if it has a place in my portfolio.

Total loss = 10.3% (holding period = approx 6 months)

Second sale: I closed my position in Brixton Metals Corp (BBB.V). This is a commodity exploration company with assets in Canada. After a big range of ups & downs over the last couple of years, I have decided to liquidate it since I needed to raise some cash for other purchases. I had made up my mind to sell this a while ago, but was hoping for a recover in stock prices — maybe it’ll come, but I see better opportunities elsewhere. So, taking a big loss on this one.

Total loss = 61.9% (holding period = approx 1.5 yrs)

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Recent Sell – IPL, BTO

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A bit of portfolio cleanup with a couple of recent sales in my portfolio. As mentioned in my monthly outlook posts, I am looking for portfolio simplification — and as a result I want to be only invested in my high conviction ideas.

Instead of outright selling the stocks, I decided to write covered calls and let the market take care of it. The covered calls ended up in-the-money and got called away, but I have no regrets since I intended to sell these positions anyway.

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Recent Sell – CDB, RNX

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A couple of sales in my portfolio. This time with big losses on a couple of wildcard equities that didn’t work out.

I had taken a couple of speculative positions in some junior mining companies that did not play out and decided to close and take the loss. Luckily for me, these were relatively small investments and although the percentage amount is huge, the dollar amount wasn’t too bad.

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