Saturday, November 2, 2024

Opportunity Among Disfunction at PGNT

PGNT sits at $5.70. Trading under half of book value, less than a tenth of revenue. Market cap of $9.9m with net income of $1.1m, $4.7m, $3.4m, $3.6m the past four years. $7.2m in cash + securities. Real estate worth more than the $3.3m it's carried for on the balance sheet.

You've got to be pretty hated to be that cheap.

Friday, November 1, 2024

ETCC is Executing

I first wrote up ETCC in early 2019 with the stock at $0.58, having fallen from a high around $2 a year prior.  When the company stopped filing in 2020 I held and waited.  In mid-2021, with the stock in the $0.30's, I bought more as the company released new orders and told investors they would be getting current with financials.  

With a market cap of $2m in Feb 2023 the company announced an $85m contract.  As the stock spiked 4x up to $2 I sold nothing, thinking if that contract actually follows through it's going higher.  

As the stock fell back below $0.50 I bought more.  Fast forward to now and we have the stock at $1.78 with a $17m market cap.  Backlog is $109m.  The company has earned $0.09, $0.08, $0.17 the past three quarters, totalling $5.5m. 

If you've ever wondered how Buffett found a stock at PE = 3 here it is.

Monday, October 21, 2024

GeoInvesting Interview

Recently I was interviewed by Maj Soueidan of GeoInvesting.  This is my second time on Maj's podcast and it was great fun.  Easy to talk with Maj as we share a lot of the same interests in stocks.  

We talked a bit about my history and process then got into chatting about a lot of different stocks.  Some I've written about before like IEHC, EKCS.  Some new ones I haven't mentioned much GSFD, SLNH/SLNHP.  Maj also brought up a number of stocks I don't own like MOJO, TXRP.  

Wednesday, May 22, 2024

IEHC is Cheap Again

IEH Corp (IEHC) was the second stock I wrote up on my blog way back in 2015.  Coincidentally that post is how I met my mentor so it carries a special place in my heart.  

The stock rose from $6 to $25 over several years of solid results only to fall all the way back due to Covid and missed filings.  The stock only became tradeable again a few months ago so here's your chance with the stock at $6.30.

Friday, May 10, 2024

IOMT at a PE of 1/3

I saw a trade on IOMT the other day which reminded me to check if they filed their annual. Sure enough there it is. EPS of $0.09. Book value per share of $0.34. Revenue per share $1.78.

Stock price $0.03

Tuesday, April 30, 2024

Calling PGNT Shareholders

If you are a holder of Paragon Technologies (PGNT) stock please email me.  

I am not happy with how much money and effort has been spent on OPTT.  Also not happy that Sham's dilution proposal to use this way-too-cheap stock as currency.  I will be voting no to everything on the proxy.  

Friday, April 19, 2024

NoName Annual Performance 2023-2024

This year I gained 5.1%, bringing my CAGR to 33% since buying my first stock 11 years ago. I'm super happy and proud of my long term record, though losing to the S&P the past 4 years straight isn't great. I've been treading water recently and hopefully next year changes that.

Sunday, March 31, 2024

Idea Brunch Interview with Edwin Dorsey

I was recently interviewed by Edwin Dorsey on Sunday's Idea Brunch! We talked about my background and why I do things the way I do. I try to explain my reasoning with examples whenever I can.

I had a lot of fun on this one and Edwin asked great questions to bring out the conversation.

Enjoy!

Wednesday, February 28, 2024

Full Circle

 I started down this path in the stock world when the startup I was working for went bankrupt in early 2013.  At the time I had minimal savings to support my wife and two kids so we had to uproot and move to get a new job.  

That experience is what pushed me to expand my financial horizon to end up here.  If you want to hear more about my stock beginnings, I talk about it in some podcasts here and here.

Here I am 11 years later and yesterday my project was closed down.  Deja vu.  Turns out the world of new technology development has risk :)