There are times when I wonder “what am I missing?” when it comes to an investment, and such a situation is FONAR, a charming very small cap company that based on rough analysis has a free cash flow yield of about 25% when you take excess cash into account (which I do, so there). As […]
It is always difficult being a minority shareholder. Well, obviously most people reading this are not going to be the majority shareholder of a public company (and if you are, I am available for consultation at reasonable rates). But I mean a minority shareholder of a company that has a such majority holder or group […]
As you may know, I generally adopt a fairly quantitative process when looking for potential investments, at least at the screening stage. I first consider an excess cash position if there is one, both because it provides a source of primary liquidity and also because it often can be considered separately from the company’s operating […]