This blog has been a little heavy on market observations and light on actual stock ideas lately, so this is my attempt to correct that. Here are three stocks I think are cheap. I very much own each these on behalf of clients and could buy or sell shares at any time. This is
On LICT, any concern around getting continued financials and operating data? The last quarterly they posted on OTC and their website was for March/Q123 in mid-July. They put out the info in a press release on September 1, but no financials. I'm a bit spooked since it seems like Calloway's Nursery has stopped providing financials (last data of any kind from Q1 filed in May) and that crushed the stock.
also, i fully support your exit from twitter, and hope you can cross-post content to substack. on a related note, i have a decent solution for you to easily follow a dozen or so of your favorite twitter posters with little effort, and completely avoid the garbage there. reply here, and will send you a short email directly.
Hey Dave, love this write-up, thanks! One question on MCEM - I've been looking at it for years, and I always figured it's safer to value it in terms of price / book to avoid buying at peak cycle earnings (this could have been a mistake). We're in a bit of a cement boom, and P/B is nearing 2x for a business that typically earns 10-15% returns on equity. I wonder if a comparable valuation on EBITDA is a little dangerous given where we are in the cement cycle?
Dave I learn something every time I read one of your write-ups. It amazes me the diligence you have to search and find so many of these investing ideas. Your investing philosophy reminds me a lot of Joel Greenblatt. Long SUMXF, a few ECIP banks & Seneca foods along with you. Margin of safety and lots of upside in MHO. Keep the writing coming please!
So if you were an aggressive investor and wanted to buy and hold one stock for the next twenty years, which would it be? I am an avid reader of your posts and letters, by the way.
Some great ideas, Dave! Thanks!
monarch seems like a good little biz. thabks for sharing your thoughts. cheers!
I really enjoy your research about these quaint small companies. If you could only own one stock, what would it be?
On LICT, any concern around getting continued financials and operating data? The last quarterly they posted on OTC and their website was for March/Q123 in mid-July. They put out the info in a press release on September 1, but no financials. I'm a bit spooked since it seems like Calloway's Nursery has stopped providing financials (last data of any kind from Q1 filed in May) and that crushed the stock.
dave,
can you blog some quick thoughts on px ?
also, i fully support your exit from twitter, and hope you can cross-post content to substack. on a related note, i have a decent solution for you to easily follow a dozen or so of your favorite twitter posters with little effort, and completely avoid the garbage there. reply here, and will send you a short email directly.
Hey Dave, love this write-up, thanks! One question on MCEM - I've been looking at it for years, and I always figured it's safer to value it in terms of price / book to avoid buying at peak cycle earnings (this could have been a mistake). We're in a bit of a cement boom, and P/B is nearing 2x for a business that typically earns 10-15% returns on equity. I wonder if a comparable valuation on EBITDA is a little dangerous given where we are in the cement cycle?
Dave I learn something every time I read one of your write-ups. It amazes me the diligence you have to search and find so many of these investing ideas. Your investing philosophy reminds me a lot of Joel Greenblatt. Long SUMXF, a few ECIP banks & Seneca foods along with you. Margin of safety and lots of upside in MHO. Keep the writing coming please!
Am I missing something? Supermax's earnings are close to an all time high and shares are trading at 6x, which you mentioned is close to fair value.
So if you were an aggressive investor and wanted to buy and hold one stock for the next twenty years, which would it be? I am an avid reader of your posts and letters, by the way.