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, Asure Software (ASUR). Read More …
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Disposition Case Study: Asure Software
Posted July 19, 2012 By Mark Vonderwell in Blog, Companies Mentioned, Educational With | 4 Comments
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MicroCapClub Radio Program Episode 10
Posted July 17, 2012 By Ian Cassel in Blog, Broadcasts, Radio With | 1 Comment
MicroCapClub contributors Sean Marconi and Mark Vonderwell join me in this radio program. We first discuss the good, the bad, and the ugly of reverse splits. Mark talks about why investors should pay close attention to microcaps that choose to get smaller via dispositions. We then go into detail talking about Noble Romans (NROM) and SDIX Inc (SDIX). Other companies mentioned: Asure Software (ASUR), Attunity (ATTUF), Autobytel (ABTL), Chembio Diagnostics (CEMI), and Clearfield (CLFD). (Click the Play button to Listen) Read More …
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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 above cash on hand. It appeared in this situation that hedge funds encouraged the CRM sale and later forced the sale of the Elite business as well. Investors buying shares even months after the disposition was announced quadrupled their investment in a couple of years. Read More …
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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. Read More …
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Overcoming the Herd’s Instincts
Posted March 9, 2012 By Ian Cassel in Blog, Market Analysis With | No CommentsI found this article By Josh Levine very interesting as it relates to micro-small cap performance going against the grain of fund redemptions.
The Russell 2000 Index is up a healthy 30% since October. The small-cap benchmark remains within striking range of its April 2010 high even after its pullback during the past two weeks. Despite the upbeat trend, the action has done little to ignite the animal spirits of investors. In fact, a nearly year-long string of net redemptions for small cap funds continues to occur.
Retail investors have pulled more than $18 billion out of small-cap funds over 37 of the 40 weeks through February, even as the Russell 2000 has climbed significantly higher over the past 20 weeks. The charts below illustrate how the herd’s instincts were proven wrong once again.
The sad reality is individual investors make this mistake repeatedly — selling when they should be buying (and buying when they should be selling). Read More …
