Spekulatius

There are no options much less leaps with nanocaps. The exception may be a mid cap that becomes a nanocap because it is on the verge of bankruptcy but in this case, the stock is already trading like an option.

Got to spin the wheels a bit on $CAR. Those buybacks do get my attention: Went from ~90M shares in 2016 to 37M shares. Absolutely fascinating. Looks like a turbocharged version of $AZO.

@Dave86ch I am curious about your bucket. What have PBR, $COIN and #Ethereum to do with each other? Some with BIDU, DIS and #Bitcoin.

I don't think car rental is a melting ice cube. Ride sharing works, but if you need to do a lot of trips , then calling and waiting for Uber can become a hassle. For vacation trips and if you cover multiple locations, Ride shareing does not work either. Negative cash flow for fleet expansion is a good thing, if the ROIC is high. When the business stagnates or shrinks, the investment in new cars can drop and FCF should increase which creates a nice countercyclical aspect to the business.

I only research them when I buy and in many cases I let them sit there, until I see something happening (news, or share price movement) and then i take another look and may sell or buy more, depending on my view. I have not looked at ORI accounts this year for example - it just cruises along. (it was used in my tax deferred account as a source of funds down the road, that's why its gone there). I know a fellow in another board who always has 100+ positions, some of them bought 25 years ago.

Well,why would Disney take this? Rebel Moon is basically a Star Wars close as far as the storyline is concerned. And Zack not being creative with his imagery like @Parsad makes this a B- movie.

Same here.

Probably CSU because the positions (in the legend of the chart) seem to be sorted by size.

Same than CPE though. To APA's defense, they did not pay a large premium and both Permian acreages fit well together. APA becomes more US centric in their asset base, which may have been the underlying reason for the merger. Unfortunately, it also dilutes their Suriname play, which I think is underappreciated.

"The Holdovers" in Peacock. Paul Giamatti is great in this one. It's probably becoming a Xmas classic. If you want to save yourself some time, skip "Rebel Moon" (Netflix)

Oh vey, this thread went off rails and it's partly my fault.

Once you eliminated the bad apples, the biggest risk is that you invest in a stock that becomes dead money. I have plenty of those in microcaps. This happens because the management is secretive - most likely because they want to run the business like a private enterprise and don't care about the share price. For them, it's a nuisance to be public and their disclosure and lack of PR reflects it. They typically won't distribute much cash either and just do the bare minimum and are happy to exist in obscurity and do run this business as they please and likely to their benefit (cushy jobs with a high salary, and undisclosed other benefits).

Added a bit to my $NNI and $APA starters. Both very small still.

Thank you for your perspective. You obviously know more about this topic than I do and are certainly correct. Short of the city states like Singapore and Hongkong, I can't come up with any country that seem to have benefited from colonization. Hongkong thrived because it was used as a base for the British to exploit China to a large extent.

I am shocked when I look up the capitalization range of what is called small cap, micro cap or nano cap etc. . I don't think the "nano cap" classification even existed 20 years ago. A stock with $2B in market cap is now a "small cap" and $2B used to be huge, a business that employed 10 thousands of people... I guess that's what inflation and a decades long bull market do to my perception.

@Parsad Do you think the Parsads would be better off, if the Brit’s never had set foot on the Indian continent? Impossible to know, but I would put the chance no better than 50/50. The Brits for all their faults put some rules and systems into place and overall their colonies were better run than the French, Spanish or Portuguese ones. The only country that was never colonized in that Area is Thailand and they are somewhat better off than their immediate neighbors. Then there is Japan, but it’s an entirely different situation and geography. Apaolgies for getting truly off the rails here. I am still interested to see if Nery keeps here PhD or not. Seems like copy and pasting several pages is more than an oversight issue. Or perhaps she just had a lazy ghost writer which is quite commoner amongst the entitled.

I actually would like to see some of those adventures in US flyover country. There are interesting things to eat, drink or look at everywhere. Even if I drive in the hinterland here in MA, it is almost impossible to find a town without a microbrewery for example. We traveled once south to North Carolina and the selection roadside BBQ places seemed compelling. I also fondly remember the gas station in Virginia we stopped at with a confederate flag. Got some gas there and I asked for the bathroom. Turned out this place still had a real outhouse. I decided to hold it a bit longer…. There are roadside adventures everywhere.

With nanocaps the hard part is people factor - if management is capable and on your side. I feel like foreign exchanges are a better hunting ground than the US market, as the US market is quite plucked over and the quality of what remains is quite low. In foreign markets, it is quite possible to IPO a business at an $100M (equivalent) or even less EV and those are really business with profits not startup projects or shell companies.

I am a Doctor but not of the kind that you want to have your Appendix removed from. My wife does not even trust me with a kitchen knife.

Finding cheap small stocks is the easy part. Doing the research and finding out who owns them, if they can be trusted and how good of an operator they are and how good the business is the hard part. You will have to sift through a lot of stocks to find a few good ones. There are some microcap conferences (some online ) that can be helpful to get a feel for management. this can quickly feel like a full time job. A good network of similar minded investors to collaborate with is probably a must.

My pick is $ELV I think it’s reasonably priced and will likely grow earnings in the low teens for the next few years. It’s one of my larger positions. Others I have considered are $NNI and $BTI I think $BTI dividend alone may be enough to beat the market even with the share price flat for the next few years. $NNI is also a low teens compounder trading for book value.

So are they going to take away her title? Because that’s what happened to other people.

Interesting, the first 5 trading days performance is correlated with the full year performance 69% of the time, 83% on election years. Doesn’t bode that well for this year.

Well, the Mag 7 are winners too. When you get rid of those, you also get rid of the largest winners. If cutting the winners is your concern, then you should not cut the Mag 7 either.