Thursday, April 26, 2018

CNGA Comes Back to the Light

Conair Corp (CNGA) de-registered from the SEC in 1995 and completely disappeared.  They did not file reports anywhere.  The stock sank to the bottom while shareholders wondered if the company was even alive.  CNGA stayed in the darkness for 22 years until filing quarterlies and an annual in Sept 2017.  Since then they have kept up with reporting and even put out press releases!  This is a major change of heart and where there's change there is opportunity, so let's investigate.

Wednesday, April 18, 2018

NoName Annual Performance 2017-2018

Another amazing year! I'm up 75.7% and that pushes my CAGR up to 41.3% since I started investing 5 years ago. I don't know how long this will last.

Monday, April 9, 2018

SLGD Continues to be Cheap

I caught Scott's Liquid Gold (SLGD) a few years after the ugly potential turnaround phase and since I bought in two years ago it has always been cheap but not cheap enough to write about.  So this post will be a bit different from my usual.  Here we have real earnings and real growth.  This is not a company on its deathbed I'm betting will scrape by.

Revenue has been growing at about 20% over the past 5 years while earnings has gone from nothing to $0.38 a share.  The stock is at $3.35 giving a P/E of 8.8, P/S of 1, and P/B of 1.9.  I'm surprised the stock isn't closer to $5.

Wednesday, February 21, 2018

Take a Bite of This PEYE

Sorry I can only say 'cheap' in so many blog titles before I revert to puns.

Precision Optics (PEYE) is small, cheap, and illiquid.  The stock is boring and the price is low.  Market cap is only $5M.  They are in the exciting field of medical device optics.  How could I not be interested?!

Stock price = business value + perception 

Tuesday, February 13, 2018

The Dark and Cashy Trio of ADDC, COMX, SIMA

Let me give you update on ADDC, COMX, and SIMA.  I don't know who else is talking about these stocks and the companies don't communicate with the public so if I don't give out their numbers the world will never know.  I have these three filed under "maybe they'll do something with the cash someday."

Other than updated numbers I don't have much to add to my previous posts: ADDC, COMX, SIMA.  If you want any reports just send me an email.

Friday, January 26, 2018

MGTC: Cheap with a Side of Dark

Megatech (MGTC) is another in my line of super cheap yet unfortunately dark companies.  It's also very illiquid so good luck on that front.  This will be a quick post because there's not much to the story: real company, real dark, real hard to get info... and real cheap.

Currently trading at 10% of book.

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Update 1/27/2017: How funny. I published this post last night then this morning MGTC sent the latest financials. I've updated the numbers with 2016 data.
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