February 2020 Performance

I guess I was wrong when I said that this bug would be a minor annoyance! The market sold off hard in a quick manner, but I still don’t see value except for the energy sector. We’re essentially back to the beginning of the year although there are some stocks that got hit big. For example, Constellation Brands sold off because of the name “Corona”? Are you serious? I’m glad the company came out and stated that their beer sales continue to grow during this period. Also, the company will be hosting an analyst meeting this Wednesday and hopefully they will provide further clarity. The company better be in the market buying back their shares during this sell off. If I didn’t have such a large position in Constellation Brands, I would have picked up a few more shares.

I continue to be patient and have not bought any stock (yet) during this correction. So, we’ll see how things shake out…

2020 YTD Performance = -4.28% with the running monthly returns as follows:

January +2.7%

February -6.8%