SWVL’s price soared as much as 405% higher to a peak price of $4.90 in the days following its December 27 earnings release, when it reported 2023 first half results showing a $2.1 million GAAP profit, translating to EPS of 25 cents.
Peter Lynch was a huge advocate of Cliff Notes, so it’s fitting that one of my favorite video clips of 2023 was when Tim Heitman discussed his time working at Fidelity while Peter Lynch was managing the Magellan Fund between 1977 to 1990, racking up an annual average return of 29.2%. Tim talked about Lynch’s “Cliff Note” approach to quickly laying out a stock pitch.
As you may know, on November 16 2023 at 2pm, we hosted a webinar about our contrarian or Buy On Pullback strategy to take advantage of volatility in stock prices, seeking to buy stocks that fall sharply due to reasons unrelated to the fundamentals of the underlying company’s business.
IEC Electronics (Nasdaq:IEC) came into our crosshairs in January of 2018. We started covering the company at around $6 a share. This is a classic case study of betting on a jockey – betting on management to take a company to the next level, ultimately leading to the company getting acquired for a nice premium.
Deploying effective cybersecurity measures for your business today is a continuous, ongoing battle with cybercriminals; and cybercriminals, like conventional terrorists, have a built-in advantage. It’s asymmetric warfare – just as it only takes one suicide bomber to breach a physical perimeter, it only takes one response to a phishing email to get past conventional “perimeter-based” IT protections, and thereafter it becomes easy to roam through target networks and extract sensitive data.
Had Nolan Ryan selected a different career path….say microcap investing…I’d venture to say that it’s likely his mindset and tenacity to achieve greatness would have made him as successful an investor as he was a pitcher.
I cover this concept in a video case study of RWWI below. I also cover two other multi-bagger factors that led to the RWWI impressive performance and go over the concept of what a BigCapMicro is…and why I think this kind of stock will be a big beneficiary of a multi-year microcap bull market we see forming.
The news of William O’Neil’s passing on May 28, 2023 stirred memories of my early ventures into the world of momentum (aka Momo) investing. O’Neil was an American investor, entrepreneur, and author (“How to Make Money in Stocks” and “24 Essential Lessons for Investment Success”). He was the founder of Investor’s Business Daily (IBD) in 1984 and the creator of the CANSLIM investment strategy. (more on that later)
When thinking about his significant contributions to the field of stock market analysis and investment strategies, I found myself in a nostalgic headspace back to the days when I obsessively began tracking stocks attaining new 52-week highs, armed with nothing more than a pen, paper, and the Wall Street Journal/Baron’s.