I remember having a conversation with a portfolio manager at a big mutual fund and when asking him why he owned XYZ Insurance Corp. in his fund he casually responded that it was “filler.” He went on to describe that term as a company whose stock was reasonably priced but whose prospects were ‘Mehh,’ yet he needed something to fill out his portfolio to get to 25-30 different stocks. Filler is also how I would describe a lot of local news, whereby instead of stocks we get stories of little consequence, or about somewhere other than LIC, in order to make print. I try to avoid filler amap, even if it means posting inconsistently and getting dinged for it by Google’s SEO algorithm. My readers and their valuable time are more important than AI generated adulation.
Alas, this week all we have to offer is filler, at least as far as our own content is concerned, but we’ve paired it with a really cool vintage photo of LIC. Look closely, there are kids swimming in the East River. And what looks like a factory (maybe concrete or asphalt?) where Avalon Riverview North stands today. Way in the back framed by a gantry is the steeple of St. Mary’s Church, still a beacon in Hunters Point almost a century later. They don’t build them like they used to, but Spring is in the air, for now.
Unhappy Anniversary: It’s Been Three Years Since Amazon Reversed Course – the annual reminder of LIC’s St. Valentine’s Day Massacre
Queensboro Bridge Lane Closures Begin For 2-Year Repair Project – at a minimum one lane down heading into Manhattan for the next 2 years!