Due to the imminent retirement of Michael Worthington, membership to the Worthington Stock Letter has been closed.
“I’d like to thank all my loyal subscribers throughout the years. It’s been quite the journey with a few lows and many more highs. We trounced the market averages over the past decade-plus despite an investing environment favoring growth stocks. Value Investing isn’t easy. 2019 was my worst performance vs. the S&P 500, with a total return of 9.11% compared to 31.49% for the S&P 500. Luckily I rebounded with one of my best years in 2020 with a total return of 85.67% compared to 18.40% for the S&P 500.
Market metrics at historical highs due to unchecked monetary stimulus, along with some personal considerations, led to my decision to shut down the Worthington Stock Letter. I thank those of you who stuck with me through the downtimes to enjoy the overall windfall that we achieved throughout the years. I wish you the best and offer my apologies to those I can no longer serve.” Michael Worthington