Value Stock Spotlight 6.1
Still very bullish.
6 months have passed since our position initiation in our 6.0 value pick, and for the most part, it has been underwhelming.
Current position returns sit at -9%, a sobering trade compared to our usual 40-50% gainers in the value division.
Despite this, we remain firm in our positioning and reiterate our bullishness on W&T Offshore ($WTI), for numerous reasons, which we will get into in this update piece.
To begin, our thesis regarding this name is unchanged and can be found in full in our original initiation post for those interested in a deeper and more detailed analysis of W&T, head over here.
This piece is aimed to explain why returns have been slow and just overall why this position has been more difficult than our usually spectacular value picks.
It all starts with the fact that...
