Thursday, December 28, 2023

SPRS is Consistent, Profitable, and Cheap

Surge Components (SPRS) is a rarety amongst my portfolio: well run and profitable.  The stock sits at $2.40 giving a market cap of $13.7m.  They have $10m in cash + securities, $40m TTM revenue, $2m TTM net income.   

The board owns over half the company and acts intelligently.  They build up cash and do the right things.  In 2017 they spent most of their cash buying back half the common in a tender at $1.43.  Since then they've built it back up from $1.5m to $10m.  

No drama with this one and no shady management.  Even I stumble onto quality once in a while.  

Tuesday, December 5, 2023

SLGD is Becoming Something New

I first wrote up Scott's Liquid Gold, SLGD, in 2018 at $3.35, at the peak of the 10 year chart. With the stock at $0.40 now that's looking like a big mistake.

But one thing I like to do is hold for a long time and forever evaluate. I'm constantly reading press releases and filings. Checking over and thinking what might be next. I'll buy more when it makes sense and hold out for brighter days.  Rarely do I sell.