If you are a die-hard value investor who bases investments solely on the numbers and thinks using price charts is superstitious nonsense you ain't gonna like this one. Don't worry though, there's plenty more numbers based deep value plays coming to the blog.
Ted Warren fans read on.
The SEC is currently proposing a rule which would essentially stop all trading of 'non-reporting' companies on the OTC markets. This would be achieved by prohibiting brokers/dealers from providing quotations/offerings for these 'dark' stocks. The SEC has proposed this rule in the hopes of combating fraud and protecting retail investors.
I came across Seychelle Environmental Technologies Inc (SYEV) whilst rooting through stocks which Dan Schum has disclosed in his portfolio but not written up yet (Thanks for the idea Dan!).
As I suspected the firm is tiny, cheap , illiquid and hairy. Just how I like 'em!
I came across Microwave Filter Co. Inc (MFCO) whilst trawling through the pink-sheets and decided to take a closer inspection after a few things caught my eye.
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)
David J. Flood
UK based Value Investor.
BLOGS I FOLLOW
No Name Stocks
Svenda's Manual of OTC Stocks
Clark Street Value
Value Investing Blog
Deep Value Investments
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
Adventures in Capitalism
White Chip Stocks
Global Investing Insight