Whitney Tilson’s newlsetter for May is out.
Tilson states:
Amidst the worst May for the Dow Jones Industrial Average in 70 years and the worst month for the markets since the depths of the crisis in February 2009, our fund held up quite well, declining 2.8% net vs. -8.0% for the S&P 500, -7.6% for the Dow and -8.2% for the Nasdaq. Year to date, our fund is up 5.1% net vs. -1.5% for the S&P 500, -1.6% for the Dow and -0.2% for the Nasdaq.
Below is the newsletter
