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)
Full Disclosure: Our full list of holdings is available here.