2 positions we are excited about in the near term
Medical Properties Trust (MPW) has had strong fundamental growth each quarter which have gone unrecognized by the market due to various news items ranging from healthcare reform to one of its tenants struggling. The fact of the matter is, healthcare reform has not affected MPW’s business and we think Adeptus is unlikely to cause trouble for MPW. The rift between fundamental valuation and market pricing has become sufficiently large that there is now a gravity pulling up MPW’s price. As always, I could be wrong, but I think MPW will be our best performing holding in 2Q17.
CatchMark Timber is a fairly small holding for 2CHYP, but it has tremendous long term potential. Sawlog prices have been depressed in its core market (the southeast) which has masked the magnitude of production capacity which CTT has amassed. If and when sawlog prices recover to historic norms, the value of CTT’s land will be revealed. We will be looking for an opportunity to add to this position.
Coming up in 2CHYP
As the first quarter comes to a close we will be doing full analytics of the portfolio which means you can expect the following in the coming days and weeks:
- First quarter performance reporting and analysis
- Company profile sheets
- Dividend yield and valuation of portfolio relative to the benchmark
- Strategy going forward
Commentary may contain forward looking statements which are by definition uncertain. We retain no obligation to update or correct forward looking statements should the available information change. Actual results may differ materially from our forecasts or estimations.
2CHYP Portfolio Snap Shot
3/30/17 2CHYP Performance since inception
2CHYP Weekly Trade Confirmation Report