Saturday, November 2, 2024
Opportunity Among Disfunction at PGNT
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
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
Sunday, March 31, 2024
Idea Brunch Interview with Edwin Dorsey
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 :)