5.28.2023

A future sale

The Russell 3000 is one of the broadest indices that is tracked by investors, containing 6 times as many stocks as the S&P 500.

I hope that NewtekOne, Inc. Common Stock (NEWT) admission to The Russell 3000 will generate interest among growth investors as dividend investors have abandoned them since they switched business focus and thus cut their dividend. At best, hedge funds buy into the stock.

Despite the fact that NEWT is a well-managed and a well performing company, we intend to sell our entire holding as soon as NEWT has reached the target price set by us.


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