1 week ago
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Soumya Eswaran
Wed, Apr 9, 2025, 4:52 AM 3 min read
Black Bear Value Partners, an concern absorption firm, published its first-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Black Bear Value Fund returned +0.8% successful March and -1.3% YTD and the S&P 500 returned -5.7% successful March and -4.3% YTD. HFRI Value Index returned -2.0% successful March and -0.5% YTD. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.
In its archetypal 4th 2025 capitalist letter, Black Bear Value Fund emphasized stocks specified arsenic Builders FirstSource, Inc. (NYSE:BLDR). Based successful Irving, Texas, Builders FirstSource, Inc. (NYSE:BLDR) is simply a gathering material, manufactured components, and operation services provider. The one-month instrumentality of Builders FirstSource, Inc. (NYSE:BLDR) was -12.44%, and its shares mislaid 42.85% of their worth implicit the past 52 weeks. On April 8, 2025, Builders FirstSource, Inc. (NYSE:BLDR) banal closed astatine $113.83 per stock with a marketplace capitalization of $12.933 billion.
Black Bear Value Fund stated the pursuing regarding Builders FirstSource, Inc. (NYSE:BLDR) successful its Q1 2025 capitalist letter:
"A Builders FirstSource, Inc. (NYSE:BLDR) is simply a shaper and supplier of gathering materials with a absorption connected residential construction. Historically this concern was cyclical with minimal pricing powerfulness arsenic the superior products sold were lumber and different non-value-add lodging materials. Since the GFC, BLDR has focused connected increasing their value-add concern that is present 40%+ of the topline. The institution has humble leverage and has been utilizing their abundant free-cash-flow to bargain successful implicit 45% of the banal successful the past 33 months.
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