Houston Flooding Update

Flood damage? Hurricane Harvey continues to unleash tremendous rainfall on Houston and its suburbs.  The flooding, which is likely the main source of potential property damage, seems to be primarily in Sugar Land.  In anticipation of potential flood damage we have...

Week Ended 8/25/17

August Doldrums Each year August seems to bring reduced trading volumes for REITs and odd pricing behavior.  I guess that must be the month investment professionals decide to go on vacation.  The chaos afforded an opportunity for us to get into the stocks we have been...

Week Ended 8/18/17

Risk vs volatility With REITs continuing to whipsaw either up 1%-2% or down 1%-2% on any given day, I want to take the time to highlight a key difference between risk and volatility.  2CHYP is quite volatile, often moving more than the market as a result of its...

Week Ended 8/11/17

Rough week It was a rough week for 2CHYP as REITs tanked and 2CHYP underperformed, falling further than the REIT market.  In times like this we like to take a step back and try to ascertain the cause of failure.  Specifically whether it is a market phenomenon or...

Week Ended 8/4/17

Earnings season continues It was another busy week for 2CHYP with many of the companies in the portfolio reporting 2nd quarter results.  With each report we analyze the impact on near term and long term fundamentals and contrast it with both the absolute market price...