We had a research screen update with the addition of a new stock to our Data Center and Infrastructure screen following its first data center contract win. The company provides infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. A P/E of 25x on its 2026 EPS guidance translates into a stock price of $41, compared to the current price of $45.63. At first glance, it doesn’t appear cheap, but analyst estimates may not fully reflect the opportunity. It’s 💯 worth tracking, as winning more data center contracts could make the stock look very cheap quickly and lead to an aggressive expansion in its valuation multiples. It’s moving to the top of our interview priority list.
Over the past few weeks, I have been talking to private investor Lee Roach (@thevalueroad on Substack and @leevalueroach on X) about The Stephan Company’s (SPCOQ) November 2025 bankruptcy filing. It’s a pretty fascinating case, so I just said, “What the heck? It would make for a great roundtable discussion.”
SPCOQ makes barbershop products, shaving creams, and grooming stuff. It’s a small business with about $10 million in revenue that is generally free cash flow positive and doesn’t carry much debt. The company has been executing a roll-up strategy.
So, on 4/2/2026, I recorded a roundtable with Lee; another private investor, Lukas Milosic (@pixelresearch on Substack, @Pixelresearch on X), and Geoinvesting analyst Diego La Torre (@Diego_La_Torre_), to talk about the bull and bear case for SPCOQ.
We have a special feature this week: an impromptu Investor Roundtable Skull Session with three investors to discuss what’s been going on with an incredibly interesting special situation stock… actually one of the first stocks I ever bought over three decades ago. The most near-term probable set-up the we all agreed upon was that you make nothing to a best cast outcome of 100%. The worst case scenario of near zero seems unlikely.
Here’s Why Microcap Investors Should Care. The SEC is moving forward with a proposal to let public companies opt into semi-annual reporting instead of the current quarterly requirement. The target date for a formal proposal is April 2026. As you’re reading this, I’d like you to keep five things in mind.
This week’s special highlight includes a new contributor pitch on a digital health technology company, submitted by a GeoInvesting contributor, highlighting the opportunity following a recent pullback tied to guidance and reframing the setup as expectations reset. The average return of three of the other stocks he’s contributed to Geoinvesting currently stands at 408%.
In addition, we’re including new information arbitrage we found over the weekend on an electronics manufacturing services provider: regarding very positive backlog information found in its earnings call that was not in the press release.
This Skull Session is a discussion with David Baker, Chief Investment Officer of the Land Value Alpha Fund (@LandValueAlpha on X), focused on land investing, infrastructure development, and water rights as a source of return. The conversation outlines how the fund targets undervalued land and enhances value through active improvements rather than passive holding. While the current fund is new, David brings a proven track record, delivering 42% gross and 33% net audited returns over nearly seven years in his prior fund. He is now targeting a minimum average annual return of 20%.
We just published a bullish article our analyst wrote on a high conviction idea that’s in one of our model portfolios. The stock is also in our high performing infrastructure and data center screens. Even though the stock has risen by more than 60% over the past year, we believe we are still early. The stock hit a new all-time high after earnings, yet still currently trades at a 45% discount to its peer group on EV/EBITDA. We went deeper into why that gap should close.
This week’s main focus was on Tecogen Inc. (NYSE:TGEN) following its Q4 and full-year 2025 results. We provided an extended take after reviewing the earnings call, where the key points relate to the company’s progress toward securing initial data center contracts, the role of its Vertiv Holdings, Llc (NYSE:VRT) relationship, and the continued customer friction around being an early adopter. More on this later, including our first attempt at a financial model based on hidden clues provided by the company that we don’t think most investors have caught on to.