Argosy Investors 1Q21 Commentary: Grocery Outlet
Argosy Investors commentary for the first quarter ended March 31, 2021, discussing their new position in Grocery Outlet Holding Corp (NASDAQ:GO). Q1 2021 hedge fund letters, conferences and more Dear Investors, First quarter 2021 performance was 8.2% in select accounts. The S&P 500 by comparison returned 7.0%. Market returns continued to be strong during the first quarter, as the market’s rally back from the depths of the pandemic-induced recession continues, despite historically high valuations. There seems to be a shift, however temporary it may be, towards “value”, evidenced by the Nasdaq t...