Dorchester Heights Capital Management LLC

11/11/2025

Why should you be bullish on Ethereum? Generally, I’ve always avoided Crypto. I never felt it had any real value, no real use case and was essentially just a guessing game based on market direction, momentum trading, etc.

Why is Ethereum different though in my opinion compared to say Bitcoin or some of the other bigger Cryptos? Ethereum has a real use case unlike say Bitcoin. The market of Ethereum that is. Wall Street and financial institutions around the world are beginning to digitize assets to make things more streamlined, quicker and more accessible. Money market funds, currencies, even stocks and bonds are being explored currently to be digitized which would help with settlement issues.

The real game changer for Ethereum though will be moving assets like Real Estate onto the blockchain and digitizing that and the biggest of all private investments. Private equity and private capital are two of the most difficult areas for retail investors to get exposure in, basically impossible. With Ethereum and digitizing the investment vehicles on the network, it would make private investments more accessible to the masses.

This is one of the biggest issues facing investors nowadays too. 30-40 years ago, if a company went public, it didn’t often go public with an insane valuation. Nowadays, because of venture capital firms and private equity companies, companies going public are also going to the public markets with massive valuations. That reduces return on investment for retail investors. This is something just about anyone can get behind, especially government officials and legislators.

That being said, it’s still a Crypto currency. It’s volatile, unpredictable at times and the moves it has can sometimes be head scratching. But the future of digital assets will live on Ethereum’s network and the best way to play it in my option is through.. not ETH itself.. no freebies here though. You want to know? Reach out to me and ask, I’m talking potentially 10-20 baggers here in a number of years.

I don’t often get it wrong, I’m not perfect with my picks sure, but I have a HUGE amount of conviction on this name that is heavily involved in the Ethereum space.

09/12/2025

Update: 9/12/2025 end of day.

09/12/2025

YTD up to 63% from 55%.

09/10/2025

Slightly beating the S&P 500 YTD... let’s see how the back half of 2025 goes.

07/18/2025

Keep it simple, buy good companies, short bad companies. Exited a short in Durect Corporation today, quick little 17% profit over the course of a couple of weeks. Also important to not always feel the need to hit home runs, take the singles, they add up.

06/28/2025

We are short Seres Therapeutics ticker symbol (MCRB):

Seres Therapeutics is a biopharmaceutical company based in Cambridge, MA. They currently have one FDA approved drug called “VOWST” which was a commercial failure and was never able to gain traction in hospital systems or medical circles. The drug does not bring in any real revenue and has provided no meaningful growth to the company.

The company has Nestle as a strategic partner on VOWST, but Nestle has also had a CEO change over the past year in which they have stated they are NOT interested in capital investments outside of the core categories of Nestle, which do not include health science.

The company only has 4-5 quarters left of cash runway before they are entirely out of money. They have one drug currently, SER-155 which shows some signs of promise, but they have yet to begin Phase II trials. Phase II trials can cost upwards of $20-30 million dollars and take 3-4 years to complete, that is time and money that Seres Therapeutics does not have.

So with cash dwindling, no meaningful revenue producing asset and no drug close to being approved by the FDA, there’s nothing here to be excited about. Management has two options, dilute shares, which is great news for short sellers.. or find a strategic investor to allocate capital, but again, who would want to buy a company who is 4-5 quarters away from bankruptcy with no meaningful drug that is revenue producing..

We are short Seres Therapeutics as of 6/22/2025 and will remain short for the foreseeable future.

*Disclaimer, this is not investment advice. Please speak with your advisor before making any investment related decisions*

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11/06/2021

Nestle might just be the best blue chip retirement stock.. ever.

When you think of Nestle you probably don’t think of all the companies you see listed below, but that’s what makes up Nestle. Most people associate Nestle with their chocolate, chocolate milk mix, their Nestle bottle brand and maybe Nescafe.

Nestle is a lot more than that though. Nestle is by far the biggest food company in the world worth more than $350 billion USD in market cap. The company has free cash flow of $15.5 billion USD per year (Operating Cash Flow), they pay over $8 billion in dividends per year and they even buy back upwards of $7-$10 billion in share buybacks. Point being, the company is an absolute behemoth cash cow, they have so much cash they literally don’t know what to do with it.

Nestle also owns companies like Poland Spring, Perrier, Pellegrino, Purina, Stouffers, Hot Pockets, Nespresso, Coffee Mate, countless candy products like Kit Kat’s, Crunch and Butterfingers and they even own 30% of Cosmetics Giant L'Oreal which has brands like Garnier, Maybelline and they by extension own the rights to fragrances from companies like YSL and Ralph Lauren. Essentially, Nestle has their hands in everything you can really think of. At any one time your household probably has at least 1 Nestle product in it at any one time.

Why Nestle is a good retirement stock is quite simple, their cash flow, their dividend program and their share buyback program. Nestle has been a public company since 1995 in Switzerland. In the past 26 years Nestle’s stock has returned 38.5% per year in returns (that’s not even counting dividends). Since 2011 it has returned a more modest 14.3% per year (not counting dividends). Even still, 14.3% per year, with a 2.2-2.5% dividend per year? There’s really not much to complain about with Nestle and the stock. It’s a fantastic company and one that would make a tremendous addition to your retirement portfolio..

Disclaimer: Dorchester Heights Asset Management, LLC (and/or) its representatives currently hold shares in the aforementioned company or companies.

10/13/2021

Should you invest in ETF’s or Mutual Funds? How can you tell what fits your portfolio the best?

This is a common question that’s asked by investors. In the past mutual funds have held a strong position in many investors portfolios, but with the ETF becoming more popular over the past 10-15 years it has become increasingly more rare to see mutual funds in portfolios.

Mutual Funds and ETF’s are similar in the sense that mutual funds and ETF's are pooled equities, bonds, derivatives and cash or sometimes a combination of all those classes. For example, an equity ETF or Mutual Fund will hold anywhere from 10 to sometimes as many as thousands of equities (stocks) in it at any one time. Sometimes the purpose of the ETF or Mutual Fund is to specifically mirror a certain index such as the S&P 500 or Nasdaq 100. Other times, ETF’s and Mutual Funds are geared more towards Growth style equities or Value style equities and sometimes a mix of both.

The two main differences between ETF’s and Mutual Funds is the difference in liquidity and expense ratios. ETF’s are much more liquid than Mutual Funds. What that means is you will have an easier time buying and selling the ETF quicker than you would with a Mutual Fund. On top of that, ETF’s generally have lower expense fees, which is what you pay the asset management company or portfolio manager to manage the ETF.

The average ETF expense ratio fee is right around 0.44%, while the average Mutual Fund will generally be well above 0.5% - 1%. That may not seem like much, but over a number of years, with compound interest included that’s potentially a lot of money lost to expense fees.

Generally speaking Actively managed ETF’s are more expensive since they require more work, but they also have the ability to out-return an index, while index ETF’s will basically just mirror the index.

The best ETF families to look into are the following..

iShares - BlackRock (Most well run ETF family)

SPDR’s - State Street (Most to offer among ETF’s)

Vanguard - Vanguard (Lowest expense ratios among ETF’s)

If you’d like to learn more about these products and whether they’d be a good fit for you and your portfolio please reach out to us!

www.dorchesterheightsassetmanagement.com

Investment Advisory Services are offered through Dorchester Heights Asset Management, L.L.C. (“DHAM”), a Registered Investment Advisor. Information presented on this site is for general purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities....

08/16/2021

Market Corrections, whether people realize it or not, are a good thing. Think of the market as a plant and this “plant” is running wild. It has leaves and stems growing in every direction, it looks disheveled and while it’s growing fast it’s not growing in good form.

There’s a process in plant treatment called “pruning” which is when people trim plants, bushes or even trees to cut off pieces of the plant that are growing wild and effect the balance of the plant. Pruning, while it takes away some of the growth of the plant, makes it healthier and in better form for the long term life of the plant..

Well, the market is no different. A Market Correction is the equivalent of pruning a plant or a tree. It’s necessary for balance in the equities market and it’s actually a good thing for a long term investor, whether they know that or not.

06/03/2021

Are you sick of earning 0.25%-0.5% interest on the money in your checking and savings accounts? With Dorchester Heights Asset Management, LLC your idle cash should be and COULD be earning more. Speak with an advisor today to learn more.

www.dorchesterheightsassetmanagement.com

04/27/2021

Dorchester Heights Asset Management, LLC has nearly doubled the S&P 500 in its first year in operation.

Dorchester Heights Asset Management Consolidated Returns (All Clients) was 66.7%

The S&P 500 in the same time frame was 37.04%.

Thank you to all of our first year clients who joined the firm this year. We look forward to working with you over the years to come to continue to do more for you.

Disclaimer: Past results are not indicative of future results. Investments involve risk and unless otherwise stated, are not guaranteed