Published on 2 Nov 2023 on Insider Monkey via Yahoo Finance
Here’s Why Greystone Capital Management Sold Polished.com (POL)
Greystone Capital Management, an investment management company, released its third-quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the return for separate accounts managed by the firm was -11.4%, net of fees compared to S&P 500’s and Russell 2000’s returns of -3.2% and -5.1%, respectively. Client portfolios are invested in small companies outside of major indices, resulting in returns that differ from those indices. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Greystone Capital Management highlighted stocks like Polished.com Inc. (AMEX:POL) in the third quarter 2023 investor letter. Headquartered in Brooklyn, New York, Polished.com Inc. (AMEX:POL) is an e-commerce platform. On November 1, 2023, Polished.com Inc. (AMEX:POL) stock closed at $1.7500 per share. One-month return of Polished.com Inc. (AMEX:POL) was -53.76%, and its shares lost 93.28% of their value over the last 52 weeks. Polished.com Inc. (AMEX:POL) has a market capitalization of $3.691 million.
Greystone Capital Management made the following comment about Polished.com Inc. (AMEX:POL) in its Q3 2023 investor letter: