Flying Garden Co: a cheap and well managed Japanese fast-food restaurant stock: For my investigation of Flying Garden Co (3317 on the exchange in Tokyo) I had a look into the annual report over the year ending on 31 March 2023 and the quarterly report ending on 31 December 2023.
July 29, 2024, 8:39 p.m.
High Co SA: cheap French marketing services company with good management: High Co SA provides marketing services to supermarkets, mainly in France but also in Belgium and a little bit in Spain. The company provides SMS marketing services and services related to coupons: giving them out and processing paper and digital coupons. More than 80% of the revenue is from France.
June 2, 2024, 10:17 a.m.
Fonar Corp (FONR): cheap with high earnings quality and room for improvement: The information for this article mainly comes from the annual report (30 June 2023), the quarterly report for the quarter ending on 31 December 2023 and the proxy filing for the annual meeting on 20 May 2024. Fonar Corporation manufactures and maintains MRI scanners and also provides “management services, including development, administration, accounting, billing and collection services, together with office space, med
May 18, 2024, 8:28 p.m.
Seraku Co: a cheap Japanese IT-services company with good earnings quality: A while a ago I had a look at Seraku Co (stock code 6199 in Tokyo), a Japanese IT-services company with low EV/EBIT and good earnings quality. After finishing my research I bought the stock. Immediately afterwards the stock surged 7%. With this sudden price increase I did not know whether it was still extremely cheap and therefore worth blogging about. At the moment the stock is back at 1133 JPY. For that price I am sure
April 9, 2024, 6:36 a.m.
System Integrator Corp (3826): a Japanese microcap with high earnings quality: System Integrator Corp is a software company with three business segments. The three business segments are Browser (sql database development tool and project management tools), E-Commerce (web-shop software), and ERP (ERP package “Grandit”). The company has sold 60% of the E-Commerce business. The transaction closed on January 2024. I think this business does not need much capital and does not need to spend much on re
April 4, 2024, 8:44 p.m.
Moatable Inc (MTBL): a cheap software net-net: Moatable Inc mainly provides software-as-a-service services, mainly in the US. It operates two platforms: 1. Lofty for “all-in-one real estate sales acceleration, client lifecycle management platform and other nascent property management services.” and 2. Trucker Path which is a “transportation management platform”.
March 16, 2024, 4:41 p.m.
Molecular Partners AG (MOLN): a biotech net-net with institutional buying: Molecular Partners AG mainly develops drugs against cancer. To get the information for this post I had a look into the business update for the first half of 2024, the financial statements for the third quarter of 2023 (30 September 2023) and the annual report over 2022.
March 16, 2024, 3:30 p.m.
Makolab SA: cheap Polish IT-services nanocap with good earnings quality: Makolab SA is an IT consultancy company. The company provides IT-development services for web-software, system integration and solution design. The company also provides search engine optimization and support and maintenance services for IT-systems. Headquarters are in Poland, in Łódź. The company also has offices in Warsaw, UK, US and Germany.
March 4, 2024, 8:43 p.m.
EO2 SA: cheap French nanocap with good earnings quality: It has been a while since last post. I was busy with other things such as writing a book. I am close to finalizing the Dutch version. But in the mean time I kept buying and selling small stocks. Recently I had a look at a French nanocap: EO2 SA. Some data at €5.04 per share:
March 4, 2024, 8:03 p.m.
Hyfusin: profitable Vietnamese net-net and nanocap with good earnings quality (HK:8512) : Hyfusin Group Holdings manufactures candles in Vietnam and sells them mainly in the US (more than 80% of the revenue) and also some in the UK. Almost all non-current assets are in Vietnam. Headquarters are in Hong Kong. The company is incorporated in the Cayman Islands. The stock trades as 8512 in Hong Kong. Trading volume is very low.
Sept. 13, 2023, 4:50 p.m.
Tokatsu Holdings Co (2754.T): an unnoticed Honda trader: Tokatsu Holdings Co trades new four-wheel Honda cars from its 9 dealer shops and used cars from another 3 shops, all in Japan. The company also provides maintenance services for cars. The company buys used cars from trade-ins and auctions. Furthermore the company sells car insurance including compulsory liability insurance and provide car loans. In the “Others” business segment the company sells life and non-life insurance in 3 stores and
Aug. 25, 2023, 7:51 p.m.
Free CVR with Jounce Therapeutics (JNCE): On March 27 Jounce Therapeutics (JNCE on Nasdaq, filings) has entered a transaction to be acquired by Concentra Biosciences. The company will be acquired for 1.85 USD plus a non-tradable CVR. I expect the transaction to be close soon: in one or two months. See also the
April 3, 2023, 8:46 p.m.
Protara Therapeutics: biotech net-net with low failure risk: Ticker: TARA (Nasdaq). Date research and write-up: 2023-02-12 Price around 2023-02-12: 3.3 USD. Current price: about 3.3 USD. Estimated multiple Liquidation Value/Market cap: 1.3 This is a US-based biotech company. The company was formerly known as Artara Therapeutics. On 9 January 2020 Artara Therapeutics
March 13, 2023, 9:29 p.m.
Grupo Azoty Puławy: another cheap Polish stock with a good quality business: Grupo Azoty Puławy (or Grupo Azoty Zakłady Azotowe Puławy SA, stock code ZAP in Poland) produces fertilizers and related chemicals in Poland. The company also produces gases such as liquid nitrogen and carbon dioxide. The company gets slightly about half of its revenue from exports.
Jan. 14, 2023, 3:12 p.m.
Muza SA: a cheap Polish publishing nanocap: According to Muza’s investors relation site their business is the following: full range of publishing and printing activities, production and reproduction of recorded information carriers, trade and distribution, in particular of publishing, printing and other information carriers to the full extent,
Jan. 14, 2023, 2:17 p.m.
Best idea for 2023. Tokuden Co (JP:3437): cheap Japanese microcap with a good quality business: Tokuden Co (stock code 3437 in Japan and Edinet code E01464, see also KaijiNet/JapanExpress) provides “welding work, welding consumables, steel plates with special welding, welding equipment, welding methods, and applied products derived from these technologies.”
Jan. 14, 2023, 1:31 p.m.
Mason Group Holdings: an exciting merger arbitrage play: I own shares of Mason Group Holdings (ticker 273 in Hong Kong, filings), since November 2021. Back then it was one of the best net-nets in my list based on a number of criteria such as trading liquidity, Piotroski score and NCAV/P. This was at a share price of 0.024 HKD. Even at a share price of 0.028 HKD it is still one of the best net-nets, according to my world-wide comparisons.
Nov. 4, 2022, 5 p.m.
10 American banks with hidden ECIP windfall gains: I mainly invest in stocks that I find using quantitative rankings. But sometimes I read about a really compelling idea from someone else. One of these ideas has been posted by anonymous Twitter user @dirtcheapstocks here and here. This particular idea is about certain American community banks. These banks will get or have already got a capital increase through selling preferred shares to the US federal government. What is special is that, in my
Oct. 14, 2022, 9:05 p.m.
