Our portfolio updates for the week of July 17, 2023 are as follows.
Price Moves
Our portfolio did well the past week, with the best 3 being CWH, IEP, and ABR. CWH was up 11% for the week. IEP was up 13.4% for the week. And ABR was up 7.4% for the week.
We have no earnings reports on tap this week, with our earliest earnings report occurring on 08/02/2023 when EPR reports. We did have 2 stocks, TRIN and MPW paying us our dividends this week.
Camping World
In news, CWH completed the acquisition of All Seasons RV on July 14, 2023. The acquisition will increase CWH California locations count to twenty-one.
Arbor
ABR received an upgrade in price this week, with KPW raising the target price to $14 from $12.50. That is a 10.7% price revision upwards.
Icahn
IEP was on fire this week. Carl Icahn restructured his loans with banks this week. Previously, his loans were based on share price of his IEP holdings, after the restructure the loans are based on the NAV of IEP.
This seems insignificant for sure, but one of the short sellers main points in the report that tanked the stock was that because IEP was overvalued and that Icahn uses his shares in IEP for collateral for loans, there was a high risk of margin calls on IEP. By using the NAV price instead of the share price of IEP this will alleviate the fear of a margin call.
Medical Properties
MPW paid us our dividend this week. The ex-dividend date was 06/14/2023 with the pay date being 07/13/2023. The quarterly payout was $0.29 which is the same payout it has been for the past 3 quarters. We collected the dividend and reinvested it for almost 18 new shares. MPW is at least 30% undervalued and once the price recovers
I fully expect there to be a dividend increase. How long until then? Who knows, but we will collect our dividends and reinvest at these discounted prices and accrue more shares so that when it gets back to where it should be we will be sitting pretty.
Trinity Capital
TRIN also paid us our dividend this week. The ex-dividend date was 06/29/2023 with the pay date being 07/14/2023. The quarterly payout was $0.48 with an additional $0.05 special dividend payout. We cannot always expect an additional payout each quarter. The good news is the $0.48 dividend was an increase of 2.13% over the last dividend paid on 04/14/2023. Of course we re-invested the payout for 29 new shares.
That’s A Wrap
That’s the news for the IIN portfolio. I hope you have a great week, and that you are one week closer to funding your passions.
