NoName Annual Performance 2021-2022

This was a year of the ball bouncing the wrong way.  I am up 1.4%, giving me a 43.8% CAGR since I bought my first stock 9 years ago.  

You can read my past annual performance posts here.  

The Intelligent Investing Podcast

I had the pleasure of being on the Intelligent Investing Podcast with Eric Schleien. This was the first time I've ever done a podcast and it was a lot of fun. Maybe we'll do some more in the future.  You can tell how nervous I was when I welcomed Eric to his own show...

Check it out here: intelligentinvesting.podbean.com

Riding the Wave of Agitation at PRAC

One thing that encourages me to buy into a stock is change. Change creates opportunity and can cause a stock to soar. It doesn’t always work out but the potential is there.

Productive Technologies Corp (PRAC) is undergoing serious change. Or at least one dissident director is pushing hard for serious change. Jesse Levine, the CFO, is fighting for control of the company with his uncle, the chairman. The company de-registered from the SEC in 2006 and vanished. The stock tanked, with a bottom of less than a penny in 2012. Out of nowhere Levine started putting out press releases in Sept 2017 discussing his desire to start a dividend and realize the value of PRAC for shareholders. Why the change of heart you ask? I don’t care. What matters is we have a large inside shareholder pushing for major change in a dead stock.