Why by a cigar butt fund manager that’s trading at a premium to NTA? when before listing it took multiple years to get up to FUM where they thought it was the right time to encapsulate and list the fund. Wasn’t like it was impossible to get in on the Fund when it wasn’t listed, made easier with the very low initial investment amount.
They stated in their recent quarterly that they are finding it hard to outperform given the constraint the size of the fund has on what they can buy! Their own admission of reality has spooked unrealistic weak hands.
Maybe that’s the reason for the drop in price?
I think that the premium this fund trades at is mostly a product of how much media/ad exposure forager gets, coupled with its limited stock supply, and not because of some amazing skill set that other fund managers lack.
This one is sell at a premium to NTA, a hold when it trades at NTA, and a buy at a discount to NTA.
Today that price is $1.78 and below.
FOR Price at posting:
$1.92 Sentiment: Sell Disclosure: Not Held
