SFR needs no introduction to MM subscribers as it resides in both our Active Growth Portfolio and Emerging Companies Portfolio and we’ve been in and out if it multiple times in the past few years. We believe the recent stock price action has been very encouraging, considering the disappointing lead from both Copper and China. However, after failing in the short term with another foray above $7, we are reticent to consider increasing our exposure until further notice.
- We like SFR but will only consider increasing our exposure further below $6 for our Active Growth Portfolio; the Emerging Companies is already heavily committed, holding a 6% exposure.
MM is long and bullish towards SFR medium term
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