Tom Herzfeld is Chairman and President of Thomas J. Herzfeld Advisors, Inc., and The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA). He began his career in the securities industry in the 1960′s and formed a New York Stock Exchange member firm in 1970. Tom is widely considered to be the leading expert in the field of closed-end funds. He is author of the first textbook published on the subject The Investor’s Guide to Closed-End Funds (McGraw-Hill, 1979), as well as five other books dedicated to the industry. During this interview, we cover a broad range of topics relating closed-end funds, Cuba, and even some microcap Cuba plays. (Click the Play button below to Listen). Read More …
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MicroCapClub Interview with Closed-End Fund Pioneer Tom Herzfeld
Posted March 12, 2013 By Ian Cassel in Blog, Broadcasts, Interviews With | No Comments
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Is the TSX Venture Exchange Death Spiral Over?
Posted March 6, 2013 By Ian Cassel in Blog, Educational With | No Comments
57% of the world’s public mining companies are traded on the Toronto Stock Exchange (364 companies) and TSX Venture Exchange (1309 companies), and 70% of the equity capital raised globally for mining companies was raised on these two exchanges. The junior mining and exploration industry dominates the TSX Venture exchange making up 58% of the whole exchange (1309 of 2254 companies listed), and most investors look at the TSX Venture Exchange as a proxy for junior mining. Read More …
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MicroCapClub Company Performance Analysis: February 2013
Posted February 28, 2013 By Ian Cassel in Blog, MicroCapClub Monthly Performance With | No Comments
After one of the biggest January’s on record, the month of February was slightly positive. The DOW gained 1.4% and the S&P 500 gained 1.1% in February. The iShares Russell MicroCap Index (IWC) was up 0.05% for the month. Below is a summary of companies discussed on MicroCapClub showing outstanding share price appreciation (greater than 10%). The companies are listed in descending order of performance for the month of February. Read More …
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Hard Mailer Pump and Dump Performance Part 3
Posted February 26, 2013 By Ian Cassel in Blog, Educational With | No Comments
Last August, I started to keep track of all the hard mailers I receive at my home. A hard mailer is nothing more then a pump and dump. The company themselves, affiliates, or large shareholders pay millions of dollars to mail out glossy 20 page reports trying to dupe investors to buy the underlying stock so they can sell their positions. Just like Gravity, when a hard mailer pushes a stock up, they always crash back down to Earth. Hard Mailer example and Historical Hard Mailer performance below. Read More …
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MicroCapClub Interview with Adam Epstein Author of The Perfect Corporate Board
Posted February 22, 2013 By Ian Cassel in Blog, Broadcasts, Interviews With | No Comments
Adam Epstein is a corporate director, and a special advisor to small-cap companies through his firm, Third Creek Advisors, LLC (“TCA”). He is the author of The Perfect Corporate Board: A Handbook for Mastering the Unique Challenges of Small-Cap Companies (New York: McGraw Hill, 2012). Prior to founding TCA, Mr. Epstein co-founded and was a principal of Enable Capital Management, LLC (“ECM”). During his tenure, ECM’s special situation hedge funds invested in more than 500 small-cap financings in the United States, the European Union, and Australasia. During this interview, we cover a broad range of topics relating to micro-smallcap companies. (Click the Play button below to Listen). Read More …
