#94 - Portfolio Update July2023

TL;DR

A decent month, finally!

Performance update

Holdings

Highlights

Top contributors:

• $KSPI: finally getting some recognition (still cheap imo)
• $PSK.TO: solid company, just doing their thing
• $CXI.TO: travel has been strong; wondering how long it’ll last but I think they’re building their moat

Top detractors:

• $EVVTY: some mixed signals from this one; still growing, but not everywhere (not in the US), and something seems off about governance
• $GUD.TO: this one is testing my patience; not much happening at all…

Changes

• New:
  • FISH.V: following webinars from Akiba (here) as well as insider buying
  • $IDT: I’ve been wanting to buy this one since I read the book form the founder and chairman Howard Jonas; small position, will accumulate if possible
• Added:
  • $GUD.TO: I like the continuing buy backs. I hope that profitable growth is on the horizon.

Misses

I missed $GSY.TO and $EQB.TO which I consider part of my circle of competence, and they were both cheap enough.