Trade Tracker: Jenny Harrington sells Star Bulk Carriers

Investment Summary - Star Bulk Carriers was sold after a successful investment, yielding a total return of 117% over four years due to substantial dividends and favorable dry bulk shipping rates [2][3] - The company shifted its capital allocation priorities, resulting in reduced dividends, which influenced the decision to sell [2] Future Investment Strategy - The focus is now on a consumer staples company that offers a stable yield and trades at a lower multiple compared to the S&P, indicating a shift towards more stable investments [4][5] - The new investment is characterized as a "boring" consumer staple, distinct from major players like Costco or Walmart, and is expected to provide a yield that aligns with GDP growth [4][5] Market Conditions and Sector Analysis - Dry bulk shipping volumes have decreased significantly, with rates down approximately 75% year-to-date, indicating a challenging environment for shipping companies [6] - Consumer staples are viewed as having high valuations with limited growth potential, leading to a cautious approach towards the sector [6][8] Specific Company Insights - Companies like Williams Sonoma and Restoration Hardware are being analyzed in light of potential tariffs on furniture imports, with a focus on their production locations [9][13] - Ethan Allen is highlighted for its strong financial position, including no debt and a 5.4% dividend yield, contrasting with other furniture companies facing production challenges [12][13]