The following segment was excerpted from this fund letter.
APi Group (APG)During the quarter, we re-entered into a position in APi Group, a leading fire safety service and inspection business focused on commercial end markets. We previously owned APi shortly after its SPAC IPO when I thought shares were severely mispriced given the strength of the business and future earnings power. We sold the position following a strong increase in price within a short period of time, and now find ourselves owners again. Since our initi... Fund Letter Stock Ideas on Seeking Alpha | February 5, 2023 |
Dear Clients and Friends,During the fourth quarter of 2022, returns for separate accounts managed by Greystone Capital ranged from +5.0% to +19.9%. The median account return was +13.3%, net of fees. The median account return for the full year 2022 was -29.3%, net of fees. Since inception in Q4 2019, an account opened with Greystone has returned a cumulative +91.1% or +30.4% per year, net of fees*. | *All performance figures are unaudited. Past performance is not indicative of future results. Investor’s actual returns may differ from the returns presented due to several factors, including the timing of each investor’s capital activity and position weightings within each portfolio. **Fees consist of 1.5% management fee and 20% performance fee ... Greystone Capital on Seeking Alpha | February 5, 2023 | APi Group became a large position following a near 50% decline in price earlier this year. Why am I optimistic about APG stock? Click here to find out. Seeking Alpha | January 31, 2023 | APi Group Corporation (NYSE:APG) shares, rose in value on Friday, 01/20/23, with the stock price up by 3.32% to the previous day’s close as strong demand from buyers drove the stock to $19.91. Actively observing the price movement in the last trading, the stock closed the session at $19.27, falling within a range of $19.27 … Thinking Of Investing In APi Group Corporation (NYSE: APG) Stock? Read This First Read More » Stocks Register | January 21, 2023 | NEW BRIGHTON, Minn., January 12, 2023--APi Group Corporation (NYSE: APG) ("APG", "APi" or the "Company"), announced today that it intends to release its fourth quarter and full year financial results for the three months and full year ended December 31, 2022 before the market opens on Tuesday, February 28, 2023. Yahoo | January 12, 2023 | APi’s deals in non-discretionary fire safety systems & currently has a record-high $3.2B backlog. Click here for our brief investment thesis on APG stock. Seeking Alpha | November 29, 2022 | Greenhaven Road Capital, an investment management company, released its third-quarter 2022 investor letter. A copy of the same can be downloaded here. The fund declined in the third quarter, bringing the year-to-date returns to approximately -59%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. Greenhaven […] Insider Monkey | November 29, 2022 | APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) is holding an investor update meeting this morning beginning at 9:00 a.m. (Eastern Time). It is expected that the Company may raise its value capture opportunities target from the $40 million it announced on May 4, 2022 related to the acquisition of Chubb. It is expected that the new target will be at least $80 million. Wallstreet:Online | November 17, 2022 | APi Group shares rallied higher after it closed on its Chubb acquisition at the onset of 2022. Click here to read a full investment analysis of APG stock. Seeking Alpha | November 8, 2022 | The following slide deck was published by APi Group Corporation in conjunction with their 2022 Q3 earnings call. Seeking Alpha | November 6, 2022 |
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