Hi John

This is a great portfolio strategy - so far. I am Canadian and my results are in $C so will differ from a $US portfolio but so far I am up over 60% since inception. I have cashed in my initial UCBH investment ( still a substantial holding) and am out of ISCA (will watch and buy on positive results - I like it long term). Thinking of liquidating PNK as I think it is a similiar company to ISCA.

 Thanks and keep up the great work.

Phil

Hi Phil,

That's excellent news and hopefully we can continue this positive momentum. Of course, a lot of credit should also go to our small-cap fund managers as well as our Morningstar stock analysts.

Regards,

 John