Troy Marchand's Foundry Value Fund commentary for the month ended February 29, 2016.

The Foundry Value Fund was down 1.48% for the month of February, while the Russell Microcap Index was down 1.51% during the same period. This brings our year-to-date return to -9.85% compared to -11.69% for the Russell Micro-cap Index. We have several new ideas in the pipeline we are vetting out. We are still fairly cautious to put much cash to work in this environment, but are finding a few interesting special situation ideas from up north and overseas.
Foundry Value Fund - New Position:

Foundry Capital February letter

The following is from Foundry Capital's February letter to investors. Foundry was profiled in our January issue. Some updates and a new position. If you would like to talk to the portfolio manager about any positions feel free to contact below.

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