Wednesday, January 1, 2020

DIY Investing Podcast

Recently I was interviewed by Trey Henninger on the DIY Investing Podcast.  You can listen to it here.  I had a lot of fun on this one and I am getting more comfortable.  We talked about my investing process, HEMA, DEWY, and a crazy story with CLSI.  

The timing worked out perfectly because the day before we taped it, HEMA announced a buyout at $25.40.  What an amazing ride it has been with HEMA and it'll be coming to an end within a few days I think.  I first bought HEMA in the summer of 2015 with a low buy of $0.25 and average around $0.50 I think.  It was half my portfolio the past few years.  What a change this will be.  

Enjoy

--Dan


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13 comments:

  1. Chris DeMuth JrJanuary 2, 2020 at 12:52 PM

    Congratulations on HEMA! What a ride.

    ReplyDelete
  2. MarkJanuary 4, 2020 at 1:41 AM

    Nice interview. The only question I wished he asked was are you tempted to buy more liquid larger stocks now after HEMA?

    ReplyDelete
    Replies
    1. Dan SchumJanuary 4, 2020 at 8:18 AM

      No I am not tempted to go larger and more liquid. HEMA was an illiquid $3M market cap company when I found it and that's where I'll keep looking

      Delete
  3. AnonymousJanuary 5, 2020 at 2:02 PM

    How much of the company did you own?! Congrats

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    Replies
    1. Dan SchumJanuary 5, 2020 at 2:17 PM

      I assume you mean HEMA and it was half my portfolio. So a little more than half my retirement

      Delete
  4. AnonymousJanuary 6, 2020 at 11:42 PM

    Do you also buy junior mining stocks? There are some tiny mining companies (e.g. Aurcana Corp). Such companies are known for the fact that they can either rise or fall extremely.

    ReplyDelete
    Replies
    1. Dan SchumJanuary 7, 2020 at 8:07 AM

      I've never bought a junior mining stock. Haven't looked at them

      Delete
    2. AnonymousJanuary 8, 2020 at 9:58 AM

      These are gamble stocks. Another one is Imperial Ginseng. MC of 3.3 Mio, very illiquid, 7.3 Mio. stocks, P/B of 0.15, P/S of 0.4, earnings in the past were between 1-5 Mio. Current loss of 5 Mio. Book value is 23 Mio. Did you ever review/see this one?

      Delete
    3. Dan SchumJanuary 8, 2020 at 10:10 AM

      Never looked at that one. Ginseng farming does not excite me. Numbers are cheap for sure

      Delete
    4. MichuMarch 13, 2021 at 2:04 PM

      BTW both stocks worked out well so far. Aurcana is up +240% and Imperial +10%.

      Delete
  5. CurtJanuary 13, 2020 at 10:43 AM

    I received this information from Rochelle Martel, HEMA Finance Director:

    “As I understand it, if you hold shares at a broker they are subject to the Dissenters Rights holding period which ends on January 22nd. After January 22nd ComputerShare will process all the shares for payment, and funds will then be transferred to the brokers and as I understand it then debited to your broker account. The process may take 3 to 5 business days subsequent to January 22nd to complete.”

    ReplyDelete
    Replies
    1. Dan SchumJanuary 13, 2020 at 6:41 PM

      Thanks Curt. I was wondering what’s taking so long

      Delete

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