Clark Street Value on Communications Systems (JCS): “I Plan to Revisit it Again Early in 2022”

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Communications Systems, Inc. (NASDAQ: JCS) and discussed its stance on the firm. Communications Systems, Inc. is a Minnetonka, Minnesota-based communication device company with a $22.1 million market capitalization. JCS delivered a -5.00% return since the beginning of the year, while its 12-month returns are down by -51.59%. The stock closed at $2.28 per share on January 13, 2022.

Here is what Clark Street Value has to say about Communications Systems, Inc. in its Q4 2021 investor letter:

“Communications Systems Inc (JCS) also seemed to get caught up in some strange day trading dynamics on the day it announced their initial pre-merger $3.50 dividend that well known to anyone following the company.  But the stock spiked from $6.79 the day before to over $9 the next day and got as high as $10 the week after that.  I didn’t top tick it or anything, but did take advantage of that bit of luck and sold my shares.  The company still hasn’t complete its merger with Pineapple Energy, having recently moved their outside merger date to 3/31/22.  The shares trade pretty cheaply today if things go to plan (but thus far they haven’t), I plan to revisit it again early in 2022.”

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Our calculations show that Communications Systems, Inc. (NASDAQ: JCS) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. JCS was in 3 hedge fund portfolios at the end of the third quarter of 2021, compared to 2 funds in the previous quarter. Communications Systems, Inc. (NASDAQ: JCS) delivered a -71.78% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.