April 2015 Performance
There was nothing eye opening to report in terms of performance for April. It was a blah, blah month… I did manage to squeeze out a small gain of 0.39% for the month. I’m trying not to force myself into any trades unless I see a good risk / reward opportunity. In this game, you really have to minimize any potential losses and not do anything stupid, which I sometimes (I mean many times) DO!?!
Constellation Brands (Ticker: STZ) reported nice earnings and I continue to hold on tight to this position. I’ve been in this position for ~ 2 years and continue to be my largest position. They are executing very well and will see much better margins once their manufacturing expansion in their beer biz is complete. The company will be initiating their first dividend starting this month, which was a bit sooner than I expected. This company is a really nice cash flow generator and I can easily see them raising the dividend and initiating a stock buyback in the future.