May was an up month. How much? Well we are just ironing out some issues so waiting for a final valuation. It is taking a bit long as this is first time we are doing the calculation - next month should be quicker. I have written the newsletter, and just now waiting for final valuation. All I know is that we were net short, and made money - so that’s good enough for me.
In a recent update, I said I still saw value in one defence stock in which I took a position in. It has appreciated 20% since I got involved, so being a greedy bastard, I have started looking for another undervalued defence stock. I think I have found one. There is a lot to like about it - the only question is why has it not moved before? It is possible that no one has noticed as it has zero Wall Street coverage.
