Joint Corp (JYNT) – Dr. Feelgood
As an investor, my preference is to find long-term macro trends and invest alongside of those trends. Unfortunately, the current … Read more
Adventures in Capitalism
SNAPChatageddon
Back in 2000, as the tech bubble was popping, I made a fortune by shorting recent IPOs right as previously … Read more
Malls Part II -Only the canary in the coal mine
Malls are bearing the brunt of changes in retail, but they’re only the canary in the coal mine. Let’s start … Read more
Mall Tour 2017
For the past few years, most retailers have struggled. Of course, it’s easy to blame Amazon.com, but it is only … Read more
Aimia Inc – Ready, AIM, Sell??
I have spent much of my career looking for strong macro trends that will drive the performance of individual companies. … Read more
Micro-cap investing is finally changing for the better
I don’t attend a lot of investment conferences as I prefer visiting companies on their home turf —you learn more … Read more
DryShips Inc. (DRYS) – Re-Reinventing The Death Spiral
On April 9, I wrote about how certain companies have death spiral financings in place and you could literally short … Read more
Performance Pressures Lead To Investor Underperformance
A few weeks back, I was catching up with a friend of mine who runs a very successful high yield … Read more
Premium tequila has minimal penetration into the US and sales are growing ~50% a year
I tend to travel a lot. No matter where I am, I try the local beer. If I like it, … Read more
RBC Portfolio Manager Sacha Imbert devouring tacos. Even the local dogs were amazed
For most of my life, tequila was something I gagged on at 4am, because some asshole thought it would be … Read more
Reinventing The Death Spiral
About two decades ago, some unscrupulous hedge funds began tricking unsophisticated small cap companies into agreeing to “ death spiral … Read more
Believe In America (Part IV)
Almost 5 months ago, Trump won the presidential race. At the time, I said Trump would herald dramatic change in … Read more
Hasta Luego Mexican REITs
Him: I think people are wrong. There are lots of instances where the Fed has raised rates and nothing bad … Read more
Avoid Lobbyist Stocks – Amazon, Tesla, Murphy USA – Just As A Few Examples
With the stock market continuing to make new highs, it feels almost irresponsible for me to talk about things to … Read more
Real de Catorce And Onto 2017…
While I was in Mexico, December the 12th was the Feast of the Virgin of Guadalupe. If you want to … Read more