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Insights From Rhizome Partners 2020 Q1 Investor Letter

Rhizome Partners has recently released its March 2020 Quarter Update. You can track down a complete report in the link here. The fund was founded by Bill Chen in 2013. During the first quarter of 2020, Class B investors of Rhizome Partners experienced a 14.0% net loss versus a 19.6% net loss experienced by the S&P 500. The markets delivered negative returns due to uncertainty amid the coronavirus outbreak.

In the said letter, Rhizome Partners highlighted a few stocks and Berry Global Group Inc. (NYSE:BERY) is one of them. Berry Global is a producer and marketer of plastic packaging products. Here is what Bill Chen said:

“We believe Berry Global will likely have the most consistent earnings during this period. Investors may actually pay up for Berry’s resilient cash flow during this tumultuous time.”

Rhizome Partners is bullish on Berry Global stock. The hedge funds have been buying the stock since the end of June 2019 (see the chart here).

Rhizome Partners comments on DD

In the said letter, Rhizome Partners highlighted DuPont de Nemours, Inc. (NYSE:DD) stock. DuPont is into speciality chemical business. According to Rhizome, DuPont would experience volume declines but expects the company to maintain pricing. Here is what Bill Chen said:

“Dupont’s specialty chemical business will likely experience volume declines but we expect Dupont to maintain pricing. Dupont is also less than a year away from combining their nutrition business with International Flavors and Fragrances.”

Do you think it is the appropriate time to buy DD stock?

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

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