I wrote a number of articles on dispositions on MicroCapClub earlier this year. The thesis, in short, was that very small companies generally do not strive to get smaller. Quite the contrary, they need to grow to achieve economies of scale and spread the costs of management and public ownership across a greater revenue base. …
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Mark Vonderwell
Mark Vonderwell is a private investor with 18 years experience in the stock market. He now focuses almost exclusively on spinoffs, divestures, strategy changes, and other special situations looking for growth at a value price. His most successful special situation investment went up 100 times in 18 months. Somehow he was both in too soon and out too soon so that he managed to only double his money. Online he goes by his childhood nickname "googie". He's married to a beautiful "stock widow" and has four spinoffs hitting their teen years. -
Alter NRG Corp: Disposition Case Study with Ending Unknown
Posted December 24, 2012 By Mark Vonderwell in Blog, Companies Mentioned With | No Comments
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Disposition Case Study: Asure Software
Posted July 19, 2012 By Mark Vonderwell in Blog, Companies Mentioned, Educational With | 4 Comments
In Part 1 of this series, I wrote about why investors should pay close attention to microcaps that choose to get smaller via dispositions. I then wrote Part 2: Broadway and Seymour, and Part 3: Clearfield Inc which showcased examples of value that was generated via dispositions. In this writeup, we will look at yet another example, …
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Disposition Case Study: Clearfield Inc.
Posted July 11, 2012 By Mark Vonderwell in Blog, Companies Mentioned, Educational With | 5 Comments
In Part 1 of this series, I wrote about why investors should pay close attention to microcaps that choose to get smaller via dispositions. In Part 2, I described a Case Study of Broadway & Seymour’s sale of their money-losing customer relationship management software business. This uncovered the profitable and rapidly growing Elite subsidiary at a price barely …
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Book Review: You Can Be A Stock Market Genius by Joel Greenblatt
Posted July 5, 2012 By Mark Vonderwell in Blog, Book Reviews With | No Comments
Originally published in 1997, “You Can Be A Stock Market Genius” remains popular today and is enthusiastically endorsed in a number of reviews on the internet. The author, Joel Greenblatt, ran hedge fund Gotham Capital racking up a 50% average annual return over a 10 year period spanning the mid 80′s to the mid 90′s. …
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Disposition Case Study: Broadway and Seymour
Posted June 6, 2012 By Mark Vonderwell in Blog, Educational With | 2 Comments
In Part 1 of this series, I wrote about why investors should pay close attention to microcaps that choose to get smaller via dispositions. In this follow on article I will take you through a real world example of a company successfully choosing to get smaller and how investors (me included) benefited.
