While the majority of our microcap research is generated in-house, we believe in the power of research collaboration and the strength of our GeoInvesting contributor community that’s been cultivated over the last 16 years. Our success is not just measured by the performance of the stocks we research and wear on our sleeves, but by the dedicated authors who selflessly pitch their own ideas, enriching our collective investment knowledge.
Just yesterday, we got notice that Bobby Kraft made his Top Tier Tracks from the 2024 Vegas Planet Microcap Showcase available on his channel. Prior to the replays being published, Bobby got a chance to sit down with Maj Soueidan and Mathieu Martin, who both regularly appear on his channel to discuss the current state of the microcap market in the U.S. and Canada.
Maj and Mathieu shared their initial impressions and overall positive feedback about the event’s organization and quality of companies, and focused on some key interactions of and observations with company management.
During our May 9, 2023 Open Forum, we discussed a microcap insurance company that was just announced as our idea of the month. While we normally do not love insurance companies, valuation, management commentary and market expansion potential are worth exploring with our newest idea of the month.
Here’s what we have so far: The company is profitable, Shares trade below tangible book of $3.77, TTM P/E of 6.8x, Q1 Run-rate P/E is 5x, Similar players have been acquired for over 3x the tangible book, Large cash infusion from asset sale will increase the number of policies that can be written, Under-penetrated market presence.
I’ve got some exciting news! I anticipate that Bobby Kraft of the Planet Microcap Showcase Youtube channel will publish some very insightful videos soon. They are likely currently in post production so I am patiently waiting for them to be released.
The reason I am so excited about their release is because the replays will show me moderating some discussions with the management of some microcap companies that GeoInvesting follows very closely, and bullishly.
Given $LAKE’s announcement last Wednesday stating a new “Strategic Partnership” with LineDrive, a leading outsourced sales and marketing organization, it gives us a chance to highlight a part of a post-earnings April conversation with the company’s CEO Roger Shannon about expanding LAKE’s market presence.
The partnership can be certainly viewed as a foreshadowing of things to come in the near future regarding Lakeland’s M&A initiatives, with the move potentially putting them in a position to accelerate the effectiveness of new partnerships or acquisitions.