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I was recently invited onto the DIY Investing Podcast for an interview with Trey Henninger. You can listen to the interview on Trey's site here or listen to it on Youtube or Apple Podcasts.
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I recently had the pleasure of being on the Intelligent Investing Podcast with Eric Schleien to discuss Equitech Int'l Corp (EQTL). Eric is also the Founder & CEO of Granite State Capital Management and a fellow value investor who enjoys investing in obscure stocks.
You can listen to the podcast here; https://ericschleien.com/podcast/david-j-flood-equitech-intl-corp-eqtl/ Hi there,
In this post I'm going to return to a stock I've written about in the past. My first post on Pinelawn Cemetery (PLWN) was written back in August of last year and it can be found here. At that time I didn't have any financial statements so I was just making an assessment based upon what little information I had managed to cobble together. Recently a gentleman with many years experience as an investment professional reached out and provided me with a copy of PLWN's financials for the 2017 Financial year (Thanks Ron!). I have been following the work of Dan at nonamestocks.com with great interest over recent months. He focuses his attention on looking at micro/nano caps, OTC, dark and grey stocks in order to fish where there is the least amount of competition and to try and maximize his ROI. This approach seems well reasoned to me and Buffett/Greenblatt/Munger have all suggested individual investors managing relatively small amounts of money should pursue this course in order to uncover the most compelling investment opportunities and minimize their competition.
With this inspiration in mind I have been trawling through the OTC markets on the hunt for potential investment opportunities. I came across PLWN by using the OTC markets screener to try and see if I could find anything of interest. This screener does not have all the ususal price and value metrics that most screeners have so you have to get creative with it. I hit upon the idea of omitting all the OTCQX and OTCQB stocks and all Pinksheets with current information to remove stocks which might show up else where (minimize the competition!). This left me with the Pink sheets with limited or no information and Grey market stocks. In number terms this works out at 9591 stocks to look through! I then decided to use the price function to rank these stocks by price per share to find the highest priced stocks, I figured the highest priced shares would be even more illiquid and even less likely to attract any interest. Whilst scrolling through the list I was looking out for a few things, dividend yields, boring names (As Peter Lynch suggests) and volume traded. On page 6 Pinelawn Cemetery (PLWN) caught my eye. |
David J. FloodUK based Value Investolator. I focus on Net-nets, Nano caps, OTC/Dark stocks & Special Situations. Balance sheets & Long-range price charts are my guide. Caveat Emptor! Archives
June 2020
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