Kernow Asset Management tear sheet for the month ended November 30, 2024.
The strategy gained 5.0% in November as the US elected a new President.
Our short book return on invested capital has been an excellent 14% YTD. That’s in a market up 11%. This month, we covered shorts in Victoria, IQE and THG, three stocks that have seen an average fall of 59% this year.
Victoria PLC (LON:VCP) is a dead man walking, run by a management team that has busted companies before. IQE plc (LON:IQE) is a negative margin business masquerading as an AI winner. It has just run out of money and will be saved by a key shareholder. With...
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