GEO Investing

Well respected financial Substack newsletter writer, Dakota Quint (Left Field Investing) (@LeftField_FHRS), joined me and my analyst, Jan Švenda, to discuss Model Portfolio Holding $CPHRF (CPH.TO), a specialty pharmaceutical company in Canada that offers an array of skin care products, notably in the areas of acne and keratosis.
Our bullish coverage was initially highlighted in 2 articles, here and here on 9/27/2022 and 10/10/2022, respectively.. Even though shares are up 152% from the first of those analyses, much more gas could be left in the tank.

The company reported earnings last week, helping the stock rise 13% for the week. Since Dakota knows about Cipher intimately, we thought it would be a good idea to chat with him about the company to get his opinion on how the company stands to benefit as the licensee of Moberg Pharma’s AB, (MOB.ST) topical nail fungus treatment, MOB-015, in Canada. While the drug is still not approved to be sold in Canada or the U.S., it has been approved to be sold in 10 European countries.

FTG CEO Brad Bourne’s career has been deeply rooted in the aerospace and defense sectors, reflecting a long-standing passion for these industries. He joined FTG when it was a relatively small enterprise based in Toronto, operating with a revenue of about $20 million. Under his leadership, FTG has aimed to double its business every five years, a goal that, despite challenges such as the pandemic, has seen substantial progress.

As a follow-up to last week’s primer on the upcoming Skull Session roundtable that was about to take place on February 21, 2024, this week is the perfect opportunity to review the discussion I had with the panel of microcap investing experts to shed light on the nuanced strategies of investing in the small to microcap space, with the expressed intent of idea discovery, case studies and at times, pitches.

The digital landscape has undergone a seismic shift in the past few decades, transitioning from traditional, monolithic software development practices to the modern, agile, and infinitely scalable solutions offered by cloud computing.

This immense sea of legacy code highlights the challenges and opportunities in transitioning to cloud computing, an endeavor that demands innovative approaches and technologies, including the potential, yet debated, role of Artificial Intelligence (AI) – a discussion point elucidated upon by industry expert and COO of a COBOL modernization company, Bonnie Castello, with whom we spoke in mid-January during an Expert Insight Skull Session chat we hosted.

On January 18, 2024, I was once again able to connect with private/full time investor Tim Heitman via an Investor Insights Skull Session. We riffed back and forth on various topics including investing strategy, the utilization of models in investment analysis, approaches to conference calls and related transcripts as tools for post-earnings research, behavioral finance, document analysis, the analogies between personal life and investment decisions, using industry experts to more fully understand an industry in which potential investments reside, criteria to look for in multibaggers, and much more.

Now that we are heading into 2023 Q4 earnings reporting season, we thought it to be a good idea to tabulate the last several months of company financial performances that we compiled for our Monthly Forums, going back to August 2023.

As you know, we curate the most notable earnings releases from our Model Portfolio stocks, and generally from across our large universe of microcap coverage. Some mornings can get a bit hectic.

For those of you that use GeoInvesting for idea generation, we’ve created a page for you to be able to search, sort and filter for various criteria related