tag:blogger.com,1999:blog-754894216207950592.post8546599102087861481..comments2024-03-20T15:55:23.392-07:00Comments on NoNameStocks: NoName Annual Performance 2022-2023Dan Schumhttp://www.blogger.com/profile/05728696891530868697noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-754894216207950592.post-44544304375050106722024-01-29T14:50:29.436-08:002024-01-29T14:50:29.436-08:00yes I still hold all my CVV. didn't sell any ...yes I still hold all my CVV. didn't sell any though maybe I should have<br /><br />usually I use ihub, bigcharts, or fidelity. I talk about it some here: http://www.nonamestocks.com/p/tools.htmlDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-72673907510238243552024-01-29T13:52:55.618-08:002024-01-29T13:52:55.618-08:00Hi Dan, are you still holding onto CVV? The price ...Hi Dan, are you still holding onto CVV? The price has declined significantly since you wrote this due to negative earnings in the first 3 quarters of 2023. <br /><br />Also, I'm pretty sure you mentioned this elsewhere but what software do you use for charting? Thank you!SJnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-70482596649175773912024-01-16T01:56:43.115-08:002024-01-16T01:56:43.115-08:00An interesting benchmark for you would be the Nano...An interesting benchmark for you would be the Nanocap100 index. The question could be whether you can beat this rather passive nano cap index. This "index" has been moving sideways for some time. https://www.nanocap100.com/chartsMikenoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-68388050835513636112023-05-23T15:00:57.420-07:002023-05-23T15:00:57.420-07:00No I haven't done that. In my old annual perf...No I haven't done that. In my old annual performance posts I used to post my performance with and without HEMADan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-14481621828491306712023-05-15T19:53:45.235-07:002023-05-15T19:53:45.235-07:00Dan, I've followed you on and off since 2015. ...Dan, I've followed you on and off since 2015. I love the fact that you're willing to dig deep into each potential investment and stick to discussing fundamentals, no hype or b.s. Can't wait to see how the next 10 years turn out.<br /><br />I curious, HEMA clearly had a tremendous impact on your overall performance. Have you ever calculated what your overall return vs the S&P would be if you left HEMA out? Just for kicks.... Joe H.noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-5688985114404137142023-05-11T06:15:43.501-07:002023-05-11T06:15:43.501-07:00thanks Anonymous I, I had been looking at PGNT so ...thanks Anonymous I, I had been looking at PGNT so great to know the bear thesis and save myself some time :)<br /><br />MINM also has big issues from last time I looked at it. They are paying away all their profits as royalties to Lenovo Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-69412438284502653922023-04-30T22:32:22.304-07:002023-04-30T22:32:22.304-07:00I have ideas about why Paragon Technologies is so ...I have ideas about why Paragon Technologies is so cheap. The majority of the company's earnings come from its SED Columbia subsidiary, which distributes IT equipment in Columbia. This is a high volume, low margin business whose earnings could collapse if the industry changes slightly. The CEO claims that the distribution business is better managed than its competitors, and this may be true. If you own Paragon you are betting that this will continue. Furthermore, Paragon's inventory, most of which is held by SED Columbia, exceeds its book value. IT is a rapidly-changing industry and is precisely the kind of industry in which inventories are subject to sudden write-downs due to unexpected sales reductions or obsolescence. One write-down could wipe away years of earnings and cause book value to drop significantly.<br /><br />In addition, the CEO has a questionable record of capital allocation. While buying control of the distributor has worked out well so far, he also bought bonds of a distressed oil company which went bankrupt. He has also invested money in Nevada residential real estate at cap rates lower than those which Paragon pays on its Columbia lines of credit, so that the company as a whole is borrowing money at one rate and investing it at a lower rate. This only makes sense if the CEO expects to flip the real estate at a gain, which appears to be his plan. Perhaps it will work, though i real estate prices fall this could reduce book value further. In sum the company is pursuing several risky strategies which may encounter problems or may succeed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-71483238951608550692023-04-27T16:41:53.075-07:002023-04-27T16:41:53.075-07:00Great job Dan! You are an inspiration to me. Great job Dan! You are an inspiration to me. Jimmynoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-57015253490383406962023-04-27T12:40:30.423-07:002023-04-27T12:40:30.423-07:00POLXF acquired. Another W.POLXF acquired. Another W.William Smithhttps://www.blogger.com/profile/02671386259520340023noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-66867604740825216182023-04-20T21:26:24.869-07:002023-04-20T21:26:24.869-07:00Your blog is really helpful. Thanks a lot!Your blog is really helpful. Thanks a lot!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-17655032311674280032023-04-20T10:28:38.781-07:002023-04-20T10:28:38.781-07:00agree HYDI action is interesting. Maybe misguided...agree HYDI action is interesting. Maybe misguided but I've been buying some more down here recently. something is happening at leastDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-65158671335260666742023-04-20T10:27:49.947-07:002023-04-20T10:27:49.947-07:00thanks everyone it means a lotthanks everyone it means a lotDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-21493204777819835282023-04-19T08:32:33.876-07:002023-04-19T08:32:33.876-07:00omg even more drama that's his brother isn'...omg even more drama that's his brother isn't it? this is greatDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-77009793723524987202023-04-19T07:33:51.172-07:002023-04-19T07:33:51.172-07:00First off, thank you Duane, for the HYDL post-- an...First off, thank you Duane, for the HYDL post-- an interesting situation deserving further study. If my preliminary research is positive I’ll consider requesting a phone interview with Martin C. Von Dyck, Chief Operating Officer. Anyone have any questions for the call? Perhaps a conference call? Also, Thanks, Dan, for the update. I’m envious!Mammon God Capitalhttps://www.blogger.com/profile/02484469430322943418noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-91143213653632350922023-04-19T06:32:27.682-07:002023-04-19T06:32:27.682-07:00Congrats with these absolutely amazing results! Lo...Congrats with these absolutely amazing results! Love your blog.Alpha Vulturehttps://www.blogger.com/profile/11713888602173836514noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-53609396256446791032023-04-18T20:11:22.679-07:002023-04-18T20:11:22.679-07:00Congratulations Dan. Wish you the best in all that...Congratulations Dan. Wish you the best in all that you do.Thirumalaihttps://www.blogger.com/profile/06405768378133499680noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-44931610204498090972023-04-18T13:38:30.900-07:002023-04-18T13:38:30.900-07:00Keep it going Dan! You are still absolutely killin...Keep it going Dan! You are still absolutely killing it and it is always a pleasure to read your blog.Florian Buscheknoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-53267710751089565622023-04-18T13:25:36.042-07:002023-04-18T13:25:36.042-07:00thanks Duane. yeah that is some major drama at HY...thanks Duane. yeah that is some major drama at HYDI with the son taking over from dad then getting ousted!<br /><br />on the expert market my hopes are not high. I continue to hold my dark stocks but it's really just waiting for a buyoutDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-79874940997261510652023-04-18T08:39:15.992-07:002023-04-18T08:39:15.992-07:00thanks allthanks allDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-37009471349791798712023-04-18T06:59:56.379-07:002023-04-18T06:59:56.379-07:00Congratulations on your fantastic performance Dan,...Congratulations on your fantastic performance Dan, I wish you many more years of success my friend and look forward to sharing more ideas with you, I've found a few exciting ones recently and will be in touch! <br /><br />Regards, <br /><br />David (EV)Elementary Valuehttps://www.elementaryvalue.com/noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-34708793341500316812023-04-18T05:12:18.205-07:002023-04-18T05:12:18.205-07:00Congratulations! Your results are spectacular. You...Congratulations! Your results are spectacular. You are an inspiration to many and always friendly and approachable. Your style offers a different point of view among what is distilled on the internet, all growth and quality. At least it's thought-provoking. Thanks for sharing.juanluisfbnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-61677900584100836182023-04-18T05:06:31.247-07:002023-04-18T05:06:31.247-07:00Dan,
Nice to see you are still writing a bit. Coup...Dan,<br />Nice to see you are still writing a bit. Couple of thoughts. It doesn't necessarily fit your investment mode of holding forever but sometimes you should consider selling and taking the loss. SLGD for example. While there is some value left, when they are basically selling it all off, management tends to eat up whatever value is created. They get paid first no matter what. I learned this lesson more than once. <br />Would love to see you revisit some of the oldies. For example, HYDI, has dropped in price again but has a new facility and recently fired the longtime CEO. May be getting serious about making some money or putting themselves up for sale?<br />Also wondering if you have any thoughts about Expert Market names and whether there is any hope of ever getting to trade them again?Duanenoreply@blogger.com