I found Conwest Associates L.P. (CWPS) whilst perusing through one of my old Walker's Manuals. It never ceases to amaze me how one can look through these books which are decades old and still find active value.
CDTI Advanced Materials Inc (CDTI) shares many characteristics with the other companies I like to look at. It's tiny, illiquid and has both problems and potential.
The firm recently delisted from the NASDAQ and has since announced it is going dark, I'm interested!
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;
Equitech Int'l Corp (EQTL) interests me for two reasons;
1. I like the look of the long range chart.
2. Change is afoot.
I first wrote about MIRI back in April when it was trading at a discount to net cash, you can read that post here.
At the time I wrote it up the firm was loss making, there was no revenue growth, the company was burning through cash and things were generally not going well. I saw a stock selling below net cash, at an all time low, and a company with what I considered to be a decent product.
I was recently recommended the book 'Insider Buy Superstocks' authored by Jesse Stine (Thanks for the suggestion Jan!) and got a real kick out of reading it. Unlike many value investors, who only have eyes for the numbers, I am very interested in looking at charts in order to uncover potential investment opportunities. I decided to see if I could find some 'superstocks' candidates by following Jesse's advice.
This is how I came across Supercom Ltd (SPCB)
Today's stock is yet another nano-cap tech firm which floats on the AIM market of the LSE.
Mirriad Advertising PLC (MIRI:LON) is a UK-based video technology company which is focused on the development of native in-video advertising (NIVA). The firm's patented technology enables the insertion of advertising into existing video which cannot be skipped or blocked.
It won't come as any surprise to those who follow my blog that MIRI is tiny, dirt cheap and in a spot of bother.
Regular readers of my blog will know that I like to focus on tiny unloved companies which have either been left for dead, are being ignored or are generally despised by those few investors that can bear to look at them.
The more obscure or hated the stock is, the more interested I am , but I'm always looking at it from a deep value perspective. I want to buy assets at a discount to their tangible worth.
Maestrano Group PLC (MNO:LON) fits the bill
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 gentlemen 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!).
Horizon Group Properties (HGPI) - An OTC retail asset play trading at a steep discount to tangible book value
Today's guest post comes from Svenda's Manual of OTC stocks and focuses on the undervalued OTC retail asset play Horizon Group Properties (HGPI)
Over to Jan with the analysis.
David J. Flood
UK based Value Investor.
BLOGS I FOLLOW
Svenda's Manual of OTC Stocks
Clark Street Value
Deep Value Investments
The Asian Contrarian
Value Stock Geek
Value and Opportunity
Barel Karsan - Value Investing
Yet Another Value Blog
Distressed Debt Investing
Streets Of Value
TES Optimal Value Investing
The Bad Investor