I have massive unrealized gains based on the current marks on the MOEX. On the other hand, I cannot realize these gains and it isn’t clear when or if I ever will be allowed to realize these gains. I’ve marked these positions to zero
My JOE position was one of my largest disappointments during 2022. While the company continues to execute and create value for shareholders, investors ignored this fact and sold the shares off anyway. I’m baffled by this performance, especially given the growth in population and home values in their core Bay and Walton Counties.
digital revenue increasing by 27% over the prior year and digital now represents a third of total revenue. Even more impressively, in the fourth quarter, digital represented 55% of total advertising revenue. Meanwhile, digital subscribers grew by 32% over the year.