I have read 100's of books on investing. A small number of them really stand out and, along with my experiences, have had a huge impact and helped me design my investing strategy over the years. I'm often asked what books I recommend. Here are a few and why.
Everyone likes to talk about homes prices in Canada. Here's an interesting stat. In 2004 a Big Mac in Canada cost you roughly $2.33 while the average Canadian home price was $245,149. Today a Big Mac will cost you $7.59 up 226% while the average home price was $646,134 in
If you could buy and hold (for 5 years) only one microcap stock trading below $100 million market cap what would it be and why?
(I've stolen your idea
@marketplunger1
)
Thank God for Canada - Both my parents immigrated from Italy almost 60 years ago. I thank them regularly, and more recently, for making that decision and giving me the blessed life I have in this country. Canada has its flaws but there is no place I'd rather call home!
There's more to multi-baggers than just a growing company. A big part of a share price going up by a lot has to do with multiple expansion. Here's an article we wrote a few years ago on the subject - Understanding Multiple Expansion
Maybe I should put together a bit of a list of boring, illiquid and profitable little microcaps. You know, the kind that everyone seems to warn you about....
Ok, let's take the good karma approach again. It's worked very well for everyone the last 3 times we've done it. If you're interested in knowing the name of our latest "fat pitch" make a small donation to my favourite charity . And if you want to take it a
We wrote this a few years ago so some of the data is a bit dated. Let me know what you think.
The Art of the Roll-up
The Art of the Roll-up: 7 Keys to Success
Extremely proud, once again, of our team. Preclinical study using a SARS-CoV-2 hamster model, treatment with IPA’s TATX-03 resulted in complete clearance of detectable virus from lungs and throat of SARS-CoV-2 infected animals. $IPA $IPA.V
I don't recall a time in my career where I have seen as many mispriced nanocaps as I'm seeing today. I saw deeper value late last year but now I'm seeing a larger number of good looking opportunities.
So many investors seems to think they need to find 2 or 3 good investments per week. 2 or 3 great investments per year is more than good enough. Wait for your fat pitch.
The State of the Canadian Public Venture Market -
We all know how bad the markets have been the past two, to three years. The TSX venture index clearly puts it in context: Thread...
From Stifel Research - Size Matters; It's Time to Buy Canadian Small Caps
Summary
After Underperforming for the better part of the past decade, Canadian Small Cap Equities are literally begging to be bought. The Value is There, The Cycle Returns are There and the Seasonality is
I don't think most investors are aware of how much institutional capital is currently sitting outside the Canadian microcap space and how little of it is necessary to bring about a big bull market in microcaps.
To all SEDAR+ users: We have a call with SEDAR this week to voice our complaints about the new website. What do you want to see improved/changed? We'll add your comments to our list of suggested changes.
We are currently doing our year end review of all Canadian listed companies and have taken the 2700 listed companies down to a current list of 97. Let's see which companies survive our next round of screening. Stay tuned....
This year, in August, we found what we believe is a "Fat Pitch". It was a company that we had been following for years. Up until the pandemic they were growing revenues nicely and had just turned profitable. The pandemic hurt the company and revenues and earnings suffered.
I was fortunate to have had $XPEL be the first company I profiled on MicroCapClub but even more fortunate for what I've learned there and for the friends I've made along the way.
An epic stock pick - perhaps one of the best of all time - as in ever by
@PaulAndreola
$XPEL + 18,717% in 10 years
Our members turn over the rocks, join us
It's amazing that, if you ask nicely and are grateful, how many people in the microcap space are willing to help others out. I've met a lot of great human beings by reaching out and just asking nicely.
Just bought shares in another microcap that trades at a single digit PE, grew revenues by over 30% last quarter and pays a dividend. Stock trades just above book value. There continues to be cheap stuff in the Canadian microcap space.
Article - Navigating the Microcap Space
Over the last several years, we have continued to generate considerable returns in our portfolio of stocks, and this success is thanks to an accumulation of wisdom—through constant, hands-on learning and studying the successes of those who
How to Make Money in Stocks - William J. O'Neill - Game changer for me. Bulk of my investing system based on what I learned from this book. Building a stock selection system. Basic fundamentals, technical tools, screening, momentum and valuing growth.
The US president has been treated with an antibody cocktail therapy. This should be evidence that this is considered the lead form of therapy available at this time. $IPA.V $IPATF
Warren Buffett hinted that Berkshire Hathaway was evaluating a possible investment opportunity north of the border.
“We do not feel uncomfortable in any way shape or form putting our money into Canada. In fact, we’re actually looking at one thing now,” Buffett said.
Watch the
Most institutional investors are more restricted by market cap then they are by fundamentals. They can't buy small companies but they can buy large companies with poor metrics. Think about that...
Many microcap investors believe being "early" on a potential multi bagger means buying before the company turns profitable. I'm hear to tell you that is far from the case. Most of my multi baggers were found well after they turned profitable.
"You can borrow someone else’s stock ideas but you can’t borrow their conviction. True conviction can only be obtained by trusting your own research over that of others."
@iancassel
You get 1-2 great opportunities every few years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities while you wait. Mediocrity is the price you pay for impatience.
Dilution risk is probably one of the least understood risks in microcap investing. Does a company have the capital market skills to properly finance their business?