Vilas Capital 2Q19 Performance Update
Vilas Capital performance updated for the second quarter ended June 30, 2019. Q2 hedge fund letters, conference, scoops etc Goumbik / Pixabay The Fund rose 7.8% in the second quarter of 2019, bringing the year to date return to 44.8%. As of today, it is up another 5% +/-, bringing the year to date return to roughly 52%. The full letter should be out in the next few days. Thought this report from JP Morgan today was interesting. For reference, our stocks are now trading at roughly 8 times 2020 estimated earnings (net income) per share. JPMorgan’s Kolanovic Sees Once-in-Decade...
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