KamesBink

My Ethical Dilemma: Why I Am Scaling Out of $RDW 🛡️ I want to premise this by saying this has nothing to do with how I believe the company or the stock will perform in the future; it is solely based on my own personal investing philosophy. I originally entered $RDW as a commercial space infrastructure play, that was the core attraction for me. However, following the Edge Autonomy acquisition and recent management commentary, it is clear the company is pivoting aggressively toward military applications. As of the Q1 2026 report, revenues are now split nearly 50/50 between the Space (Commercial) and Defence Tech segments. This is part of a process I have worked through over the past few months as I move my portfolio away from military-related and high-polluting stocks. My ethical grounding has always kept me away from pharma, gambling, fast food, and "social harm" stocks, but I am becoming stricter as I do deeper fundamental research into my positions. This shift may help clear up my reasoning for other recent exits: - $ONDS: When I exited last year, I noted that I was not planning to ever re-enter the stock. While they initially focused on commercial drones, their shift toward a military-first strategy began to eat away at me. - $RKLB: This was a difficult one as the New Zealand-founded company remains my biggest historical winner. However, I have completely cut the position as they have secured increasingly significant military and national security contracts. From a revenue standpoint, the pivot to military contracts offers aerospace companies long-term stability, so I understand why they do it. It is crucial for their growth and development. Again, this is a personal decision based on what I want to support with my capital. It is not an indictment of these companies' operational success or their future stock performance; it is simply me deciding where my money sits. And it is something I have fought with for a while, as I love space and do like these companies, and will continue to follow their developments and celebrate their successes. However, I won't be putting my money in them. Disclosure: I am currently scaling out of an open position in $RDW. This post is a personal reflection on ethical investing and is not financial advice, a recommendation to sell, or a comment on the stock's future value. DYOR.

Since Friday’s rally, I no longer hold $ASTS or $RKLB. Not because they’re bad companies. They’re not. But at this point in the bull market, valuation and margin of safety matter. A LOT. I kept some of my $RDW and a small $ETHA position, but at this stage I’d rather hunt for undiscovered names and raise more cash than assume high-fliers keep compounding forever. After just one trading day in 2026, my portfolio is up ~13% YTD. I could sit in cash at ~4% for the rest of the year and still likely beat the major averages by year end. I know this won’t be a popular post. I’m not here to say what people want to hear, but to be transparent about my investment process. Great stories can stay great until it suddenly doesn't and capital discipline is about recognizing when the risk reward has shifted. Protecting the downside is part of winning long term.