Did you know there are over 2,800 microcaps in Canada? They represent over 85% of the public company universe in the country. That’s A LOT of opportunities! Here's how I filter efficiently...
Great points. It's so easy to look back and see what you didn't own that went up. But it's also important to look at what you didn't own that tanked.
I think the point #4 is something that I struggle to remember. This lesson is something that has a shelf life of 18-24 months for me.
Another point similar to #2 is that the business needs to get big enough to escape the nanocap trap. It will never get a huge multiple with EBIT of 500k-1million. It needs to get big enough to be more durable and to (eventually) catch a bid. Just my opinion of course.
Great points. It's so easy to look back and see what you didn't own that went up. But it's also important to look at what you didn't own that tanked.
I think the point #4 is something that I struggle to remember. This lesson is something that has a shelf life of 18-24 months for me.
Another point similar to #2 is that the business needs to get big enough to escape the nanocap trap. It will never get a huge multiple with EBIT of 500k-1million. It needs to get big enough to be more durable and to (eventually) catch a bid. Just my opinion of course.
I totally agree! Hopefully this post will be your reminder to avoid bad management teams for the next 24 months! 😂