Letters by company
Carters INC
3 letters discussing CRI. Everything written about it on this site is on its ticker page.
- Palm Valley Capital The Puppet Show Palm Valley Capital Fund added Healthcare Services Group, Chord Energy, RPC and Papa John’s during the April selloff, then trimmed or exited positions as prices approached calculated value. The fund argues that policy support, persistent deficits and elevated corporate margins have prolonged asset inflation, while keeping substantial cash available for more compelling dislocations. Second Quarter 2025 CHRD $8BCRI $1.2BHCSG $1.5B
- Palm Valley Capital First Quarter 2025 Commentary Palm Valley Capital Fund kept more than three quarters of assets in cash equivalents while adding starter positions in Forrester Research, Monro, Reynolds Consumer Products and Flowers Foods, citing a split small-cap market and concern over permanent impairment in low-quality companies. It added staffing and trucking exposure, trimmed securities near valuation, and argues fiscal retrenchment and speculation leave investors vulnerable to a fuller market cycle. First Quarter 2025 CRI $1.2BFLO $1.3BFORR $224M
- Palm Valley Capital Great Expectations Palm Valley Capital Fund added Kelly Services, Seaboard and Heartland Express as wider discounts to estimated value justified raising equity exposure from a cash-heavy posture. The fund sold Crawford & Co. and Helen of Troy, while arguing that speculative asset prices and elevated small-cap valuations warrant discipline despite improving prospects for selected cyclical businesses. Fourth Quarter 2024 CRI $1.2BFPI $460MHTLD $843M
