Over the years, I've tweaked my investment process and tried to define parameters to drive my new capital effectively. I have too many interests and get too much fomo, that if I didn't try to restrict/limit myself I'd have 50+ positions haha.
I generally keep small caps off my radar because I've learned I don't have the patience they require, and normally don't have the time to do proper diligence, so I end up in a vicious cycle of losing money. I don't even remember where I first saw this one, probably a seeking alpha article about different stocks I own/follow, but I thought I'd poll the audience. I'll share the ticker in the comments, but just based off the data below, answer the poll on whether you'd continue researching the company, and in the comments I'd love to hear why you voted the way you did, but also where you'd go next.
had a tweet the other day that said his goal is to say no to an investment as fast as possible, which was the inspiration for this poll, so thank you for that thought provoking tweet!
Market cap: $140m
Cash on hand (as of Q3 2022): $23m
Debt: $3m, all classified as current
Revenues (2019, 2020, 2021 and LTM for Q3 2022)
37.5m, 42.3m, 55.2m, 62.5m
Net (loss) /income for the same 4 periods:
(14.7m), (8.25m), 4.4m, 9.2m
FCF (defined as operating cash minus Capex):
(9.0), (3.2m), 8.3m, 8.9m
3.33% individual/insider ownership
Public since 2009, 2021 was first year of profitability
Ceo has been in role since 2022, but has been with the company in some capacity since they were spun off and made into their own public company (was CTO prior to CEO)
I'll add a comment with the ticker after the poll expires tomorrow, but will be happy to answer any additional questions you have about the company that may help your vote! Hope this leads a fun discussion 😁