Praetorian Capital, an investment management company, released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund was up by 6.85% net of fees, and full-year returns were up by 26.45% net of fees. Since inception, the fund appreciated by 807.13% net of fees, or at a 55.43% CAGR. Many of the fund’s fundamental portfolio positions had gains in the fourth quarter, while the Event-Driven book saw a moderately positive return. For...
Are St. Joe (JOE) Shares Trading at an Attractive Multiple?
