Monthly Performance Review #6

January 2025

January was so chaotic that after month-end, I had to check the mirror twice to see if my hair had turned grey. In fact, until I updated the performance evaluation spreadsheet, I expected the results to be far worse. This review includes brief commentary on six stocks and an important update on GEN Restaurant Group, Inc. (NasdaqGM:GENK).

Specifically, several red flags have emerged, signaling potential deceptive reporting or other dishonest practices (see p. 2). Despite my continued belief that initiatives like the premium menu and alcoholic beverage rollouts will eventually turn comps around, I’ve no choice but to close the position at today's open price.

P.S. Sean Stannard-Stockton of Ensemble Capital discusses the importance of incorporating research stages in position sizing in this article. Adopting a similar process would have minimized portfolio impact, as GENK would have never made it past the starter position stage.

Scroll down to download the full performance review and its accompanying evaluation spreadsheet.