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Listen to Fr. Emmanuel live on November 10, 2017 discussing an update on The Amvona Fund, LP's recent investments in the retail sector.
“…honestly, I thought it [Hibbet Sports] was one of the best value investments we had come across in the last seven years… we loaded-up substantially… we bought a huge block of shares between $9.40 per share and $9.50 per share, I couldn’t believe it, the price”
“some of the things people are saying about them [Hibbett] are not really rational, like saying, ‘it’s too little too late for their ecommerce’… why would you bet that they’re not going to benefit from having an ecommerce business? I think they’re going to do their omni-channel business extremely well… it’s an incredibly well-run business, I think it’s going to be a home-run for us… we already have a very significant rate of return…”
Interview includes an update on the fund's stakes in:
- American Eagle Outfitters (NYSE: AEO)
- Guess (NYSE: GES)
- Express (NYSE: EXPR)
- Hibbett Sports (NASDAQ: HIBB)
- Domino's Pizza (NYSE: DPZ)
Commentary also includes an in-depth discussion of the market, macro-economic issues, and an update on the performance of the above commitments since the last interview on August 25, 2017.
Listen to the full interview here.
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