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  • bee September 2017
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FRBM: Everything Must Go: The Demise Of Brick-And-Mortar Retailing

FYI: A rash of store closings is a sign that the ground has shifted under bricks-and-mortar merchants, with consequences for the retail sector and district communities.
Regards,
Ted
https://minneapolisfed.org/publications/fedgazette/everything-must-go

Comments

  • I own FSRPX. A concentrated fund holding 38 companies and with just 10 making up 75% of the fund and just two companies (AMZ and HD) making up 44% of the fund.
    The top 25 of 38 holdings are:
    image

    The fund has struggled a bit as of late, but has had a great long term record. Hurricane seasonal will be a boon for HD (B&M) and AMZ is building warehouses,retail (groceries) and additional HQ.

    This fund's performance and rank in category has been very impressive.
    image
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