Investor Letters

Letters through December 30, 2021

1 letter reporting on the period ending December 30, 2021, in each firm's own reckoning.

Palm Harbour Capital Letter 2021 Q4 | 311 KB Palm Harbour Capital argues that inflation, higher rates and fading retail speculation favour cash-generative value businesses with pricing power, commodity exposure and hard assets. It reviews OCI’s fertilizer and methanol assets, Great Eagle’s Hong Kong property and hotel holdings, and operating progress at International Game Technology, OVS, Avid Technologies and Ringmetall. fourth quarter GEAHF $1.4BOCINF $991M0R5R