Hello ✌️. This week was quite short with holiday and bridge day. I don't really trade on Mondays, but exceptions confirm the rules, as we all know.

➡️ Another 25 shares of Franchise Group (FRG) join the 125 in the portfolio. The purchase price was 36.60 USD per share. In total, there are now 150 shares in the portfolio with an equity of 44.17 USD.

➡️ The dividend yield in relation to the equity is now 5.86% due to the additional purchase.

➡️ Another repurchase from FRG? Yes exactly! I have almost reached my target weighting of 2% with the additional purchase.

➡️ Other reasons for the repurchase were the optimistic outlook of the management and the reduction of (net) debt, which ultimately also covers the dividend.

➡️ I find the portfolio mix and the latest M&A activities very interesting, especially with regard to the inflationary environment.

➡️ On top, there was a larger insider buy from CEO Brian Kahn at $37.50 on 11.5.22.