Tim Eriksen presenting: “Size Matters, Smaller is Better” at the 8th Annual Value Investing Congress.
Khrom Capital was up 32.5% gross and 24.5% net for the first quarter, outperforming the Russell 2000's 21.2% gain and the S&P 500's 6.2% increase. The fund has an annualized return of 21.6% gross and 16.5% net since inception. The total gross return since inception is 1,194%. Q1 2021 hedge fund letters, conferences and more Read More
Tim Eriksen of Eriksen Capital Management will be the second at Value Investing Congress, with his presentation titled: Size Matters, Smaller is Better.
Eriksen Capital serves as the advisor to Cedar Creek Partners, a private investment partnership created in 2006. From 2004 to 2006 Mr. Eriksen worked for Walker’s Manual and prior to that Mr. Eriksen worked for Peter Kiewit Sons
Additionally, we are offering a special two-day only 50% off discount on registrations for the Value Investing Congress taking place in September for all ValueWalk readers.
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Tim Eriksen Live Coverage
12:00 PM EST: All attendees were given free copies of Market Sense and Nonsense: How the Markets Really Work, book by Jack D. Schwager.
12:10PM EST: Tim Eriksen, portfolio manager Cedar Creek Partners, starts off his presentation, Smaller is Better
12:15 PM EST: Eriksen says that there is value to be found in micro cap companies, says 60 percent of public companies have market cap below $100 million and several are ignored by investors. Adds that small funds have an edge since they can invest in these companies easily.
12:20 PM: Eriksen presents long idea, First Internet Bancorp (NASDAQ:INBK), market cap below $45 million. The stock trades below tangible book value and tades below 7.5 times trailing earnings.
12:30PM: INBK’s debts are well adujusted, says Eriksen. More than half of INBK’s debt is real estate related. Eriksen sees the stock pushing up as interest rates pick up.
12:35 PM: Erikesen recommends buying INBK because it is cheap and is currently unknown.
12:43 PM: Eriksen has wrapped up his presentation and is now taking questions.