RCI Hospitality (RICK) – a cheap FCF generator

Yup, it's about that time of the quarantine where I start looking at RCI Hospitality (disclosure: long). I had somehow glanced over this watchlist name over the past few weeks before the current price jumped out at me a few weeks ago. Even though the stock is up about 25% from the lows over the… Continue reading RCI Hospitality (RICK) – a cheap FCF generator

Some updated thoughts/corrections on MIXT

I've sold most of my position in MIXT very shortly after purchasing it. I hate doing this, and it always feels like I'm reacting too quickly without letting a situation play out, but we all have to make sure to change our minds when new information is uncovered that materially changes the thesis. It sure… Continue reading Some updated thoughts/corrections on MIXT

MiX Telematics (MIXT) – quality business, quality management team, cheap price

MiX Telematics (disclosure: long) is a founder-led business at somewhat of an inflection point where they have spent the past few years investing their margins into growing their customer base while increasing their global presence and building their brand, and are now poised to experience operating leverage as they continue to scale their SaaS products… Continue reading MiX Telematics (MIXT) – quality business, quality management team, cheap price

Terravest Industries (TVK.TO / TRRVF) -high quality, undervalued microcap with a phenomenal management team

The first line on you see on the Investor Relations page on Terravest's website is: "Our objective is to grow free cash flow per share through organic growth and acquisitions." You don't see that often! This business was put on my radar after reading an early October VIC writeup followed by the other 2018 VIC… Continue reading Terravest Industries (TVK.TO / TRRVF) -high quality, undervalued microcap with a phenomenal management team

DLH Holdings Corp. (DLHC) – decent business with near term catalysts

An introductory writeup for DLH Holdings Corp. in order to introduce the opportunity. I came across this one a few months ago, and wish I had gotten to it sooner. Shares are up some 18% since December but the risk/reward is still somewhat interesting. Nothing sexy or fast-growing about this business. The situation reminds me a… Continue reading DLH Holdings Corp. (DLHC) – decent business with near term catalysts

Gateway Casinos and Leisure Acquisition Corp. SPAC – cheap with decent growth

While I'm researching and accumulating shares in a new idea (post coming soon), and since I haven't written anything in awhile, this is a short post to highlight an opportunity that came across my desk recently. I've had a lot of success with SPACs in the past (kidding...I have not), and every once in awhile… Continue reading Gateway Casinos and Leisure Acquisition Corp. SPAC – cheap with decent growth