Closing the Book on SIMA

I first wrote up SIMA almost 5 years ago with the stock at $0.65. Since then it went as high as ~$13 before falling back a bit.

A couple weeks ago the company put out a tender offer to buy out all sharesholders at $10 (oddballstocks wrote up a nice summary here).

Stansberry Investor Hour Podcast

A couple weeks ago I was interviewed on the Stansberry Investor Hour Podcast.  My episode went live today and you can listen here.  They even put up a bio page with my picture, so fancy!

It was a lot of fun.  We talked about my investment process, dark stocks, low liquidity, etc.  Dove in a little bit on our old friend SIMA.

SIMA off Grey Market and Requiring NDA

Unfortunately SIMA has decided to require an NDA now to receive their annual reports.  It makes me so mad I'm going to just post all their old reports.

• SIMA 2018 annual
• SIMA 2017 annual
• SIMA 2016 annual
• SIMA 2015 annual

The Dark and Cashy Trio of ADDC, COMX, SIMA

Let me give you update on ADDC, COMX, and SIMA.  I don't know who else is talking about these stocks and the companies don't communicate with the public so if I don't give out their numbers the world will never know.  I have these three filed under "maybe they'll do something with the cash someday."

Other than updated numbers I don't have much to add to my previous posts: ADDC, COMX, SIMA.  If you want any reports just send me an email.

COMX and SIMA Updated Numbers

I received new COMX and SIMA annual reports recently.  Both stocks are incredibly cheap.  Let me update you on the numbers.

SIMA is the cheapest stock I know

I love 10 minute stock decisions.  Today's question is are you into incredibly cheap, dark stocks or are you not.  Let's start with a game of price that stock.  You tell me what it's worth:

• revenue: $20M in 2015 vs $20.4M in 2014 vs $20.4M in 2013
• cash: $12.5M vs 10.6 vs 8.8
• securities: $1M vs 0.7 vs 0.3
• net income: $2.1M vs 2 vs 2.9
• BV: $21.9M vs 19.8 vs 17.8
• EPS: $0.62 vs 0.59 vs 0.85
• no debt
• 3.4M shares common
• no preferred or warrants