Thursday, April 30, 2015

NoName Annual Performance 2014-2015

I bought my first stock on Apr 18, 2013 so my fiscal year begins with that date.  I manage the retirement funds for myself and my wife which are being contributed to every month.  My benchmark is the S&P500 ETF SPY.

I have two goals:
  1. Achieve an average annual return of 12% from now until retirement around 2037.  Annual return is defined by the geometric mean.
  2. Beat the benchmark.

Monday, April 27, 2015

Insiders Can't Get Enough of Greystone Logistics (GLGI)

I posted a follow up GLGI article on Seeking Alpha in January 2015.

Greystone Logistics - GLGI - An Introduction

I posted this writeup first on the forum in July 2014

Greystone Logistics (GLGI) is a highly levered nano cap company that recycles plastic and manufactures plastic pallets.  The company grinds up post-industrial and post-consumer plastic, combines that into their proprietary blend, and manufactures pallets. William Kruger was first named CEO in 2003 and he is intimately intertwined with everything.  There are many related party transactions involving Kruger and fellow board member Robert Rosene.  Rosene and Kruger have loaned money to the company, allowed the company to push back money repayments, personally guaranteed company loans, and used other companies they own to lease land and equipment to back to Greystone.  As of the latest 10-K, Kruger owns 30.6% of the common, Rosene owns 16.6%, and another board member Larry LeBarre owns 4.6%.