MI 15: Philippe Belanger Discusses Investing In Canada

Check out our latest interview with Philippe Belanger, founder of the Canadian Investing blog Espace MicroCaps. We go over some of the nuances of investing in Canada and on the Toronto Venture Exchange. Philippe talks about finding hidden value and discusses a couple stocks that he likes.

https://espacemc.com/

We discuss:

  • How to find good investments in Canada
  • XPEL Technologies
  • Ackroo
  • Nate Tobik has his 3rd kid!
  • Zombie companies in Canada
  • Cross Listing

Tarsier Capital Management, LLC may buy or sell securities mentioned on this blog for client accounts or for the accounts of principals. For a full accounting of Tarsier’s holdings please email, info@tarsiercm.com.

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MI 14: John Huber of Base Hit Investing Discusses Compounding Machines

Check out our latest interview with John Huber, money manager and author of the popular blog Base Hit Investing. Huber is a Graham and Buffet style investor. He gives us a deeper look into his investing style, along with what he thinks of the market, and a couple stocks that he likes.

http://basehitinvesting.com/

We discuss:

  • Compounding machines
  • Where to find undervalued stocks
  • Portfolio Management
  • Markel Corporation, larger than normal but a great case study
  • Bank of Utica

Tarsier Capital Management, LLC may buy or sell securities mentioned on this blog for client accounts or for the accounts of principals. For a full accounting of Tarsier’s holdings please email, info@tarsiercm.com.

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Checking In On Our Recommendations

Overall, the average performance of our stocks is 16% with an average holding period of slightly more than 7 months. This extrapolates to a 27% return on an annualized basis. Over the past 12 months the S&P 500 is up ~8% and the Russell 2000 ~11%.

On the podcast in just the last 4 months the average performance of stocks discussed has been over 38%. Probably not sustainable on an annual basis, but we are off to a good start.

Best and Worst Stock Picks

Our best pick was shorting Quiksilver, Inc. (ZQK), which gave us a 111% return over a holding period of less than 5 months.

Our worst pick was LogMeIn, Inc. (LOGM), which fell by 57% in ~6 months.

Performance tranches

Out of all the stocks we’ve recommended on the blog, 17% delivered an annualized return of over 100%.

A third of these stocks delivered an annualized return of over 50%.  Almost 42% of these stocks delivered an annualized return of over 30%.

Looking at the stocks we recommended within the last 12 months, the average holding period was less than 6.5 months and the average performance was 16.5%, which extrapolates to an annualized return of 30.6%.

Take a look at the results:

Stock Returns final copy

Stocks discussed on the podcast:

Podcast Performance

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MI 12: Tim Stabosz Reflects On Significant Losses In His Portfolio

Tim Stabosz, activist investor, does an extremely candid interview discussing significant losses in his portfolio. For those that have not heard the name, Stabosz is one of the most successful value investors that I know. Today we caught him at one of the most challenging times in his investing career. He discusses risk tolerance and how to re-evaluate investment decisions.

This is our second episode with Nate Tobik as Co-host. New episodes every week!

We discuss:

  • Spotting a value trap
  • How his risk tolerances have changed
  • Coal and Gold
  • Alpha Natural Resources
  • Stock Screening

Tarsier Capital Management holds shares of ANR in client accounts.

Tarsier Capital Management, LLC may buy or sell securities mentioned on this blog for client accounts or for the accounts of principals. For a full accounting of Tarsier’s holdings please email, info@tarsiercm.com.

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MI 11: Interview With Tim Melvin on Community Banks

Check out our interview with Tim Melvin, community bank expert. He tells us why 85% of his money is invested in small banks. We also introduce a co-host, Nate Tobik. Tobik is the author of the well regarded blog, oddball stocks. He is also the founder of complete bank data.

New episodes every Sunday!

http://www.oddballstocks.com/

http://www.timmelvin.com/

We discuss:

  • Trends in the Community Bank space
  • How to spot a Bank that might get bought out
  • What to look for in a good bank investment
  • Why illiquidity can be a good thing
  • Some interesting names in the bank space

Tarsier Capital Management, LLC may buy or sell securities mentioned on this blog for client accounts or for the accounts of principals. For a full accounting of Tarsier’s holdings please email, info@tarsiercm.com.

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MI 10: Interview with Chris Lahiji and Adib Motiwala, Value Investors

Check out our latest interview with Chris Lahiji and Adib Motiwala. Lahiji describes what makes a good investor conference and why the LD Invitational fits the bill. Motiwala describes how to find and assess value stocks.

http://www.ldmicro.com/

http://motiwalacapital.com/wp/

We discuss:

  • Differentiating investor conferences
  • LD Micro Invitational
  • Private Placements
  • Fixing flaws in your investment process
  • GSV Capital Corp
  • How to find value
  • Mind C.T.I, LTD

Tarsier Capital Management holds shares of GSVC in client accounts.

Tarsier Capital Management, LLC may buy or sell securities mentioned on this blog for client accounts or for the accounts of principals. For a full accounting of Tarsier’s holdings please email, info@tarsiercm.com.

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MI 09: Tobias Carlisle, Deep Value and Greenbackd Author, On Finding The Cheapest Stocks On The Planet

Check out our interview with Tobias Carlisle, author of Deep Value and the popular blog Greenbackd. Carlisle discusses his latest venture The Acquirer’s Multiple Screener that finds the most inexpensive stocks on the planet. Carlisle is the founder of Eyquem Capital.

Aquirer’s Multiple Stock Screener:
Greenbackd Investing Blog:

We Discuss:

  • How to find the cheapest stocks on the planet
  • The Aquirer’s multiple screen
  • His investment process
  • Fundamental analysis
  • Best selling book, Deep Value
  • Emerson Radio and other cheap stocks
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MI 08: Damien Park, Activist Thought Leader, Gives The Blueprint For an Effective Activist Campaign

Interview with Damien Park of Hedge Fund Solutions. Park is a thought leader in the activist space. He is frequently retained by CEOs and Boards for his expertise. He is also regularly featured in leading news publications, now including the Micro Cap Investing Podcast. In this interview, Park lists the ingredients for a great activist campaign.

Blog:
Investment Research:
SSRN Paper:

We Discuss:

  • Proxy Contests
  • Replacing Management
  • Poison Pills
  • Assessing Targets
  • Novatel Wireless Inc.
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MI 07: David Waters of OTC Adventures Breaks Down the OTC Market

Check out our Interview with David Waters author of the popular blog OTC Adventures. Little known fact is that Waters and Nate Tobik from Odd Ball Stocks actually live in the same neighborhood. It must be something in the water that attracts them to these thinly traded stocks. Waters is a classic value investor who has had a lot of success. Listen to him tell you how he does it.

OTC Adventures

We discuss:

  • Why he started OTC Adventures
  • What his favorite sector is
  • What his predictions are for 2015
  • We take a question from the audience
  • Command Center Inc and the value of improving margins
  • Dividend paying stocks
  • What screens he uses

Because of the great response that the podcast has received, I will be doing 2 episodes per month minimum going forward. I am glad that people are listening. I also want to move away from discussing specific stocks and cover more on how to become better investors.

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MI 06: Ryan Morris’s Meteoric Rise Into Microcap Activism

Check out our new episode with Ryan Morris. Morris stops by the show to discuss how he went from college kid to Chairman of the board in just six years. His rise in the microcap activism world is nothing short of stunning and he shared a lot of great information on the show.

http://www.bloomberg.com/bw/articles/2012-12-20/ryan-morris-28-year-old-activist-investor

We Discuss:

  • His first activist campaign
  • Becoming a board member at 28
  • InfuSystems Holdings, Inc
  • Thoughts on value investing
  • Tips for new activists
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