Tim Eriksen presenting: “Size Matters, Smaller is Better” at the 8th Annual Value Investing Congress.
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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
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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.