This year I'm down 0.9%, dropping my CAGR to 29.8% since I first bought a stock 12 years ago. I've been flat for 4 years now and lost to the market 5 years in a row which is too bad. You can see the ups and down of penny stock land in my portfolio performance even: 3 years matching the market, 4 absolutely scorchers, 5 years of ho-hum.
Showing posts with label SPRS. Show all posts
Showing posts with label SPRS. Show all posts
Thursday, April 24, 2025
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.
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