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Month: January 2017

Dyadic: two lottery tickets for the price of none $DYAI

Posted On January 31, 2017
Dyadic (DYAI; disclosure: long) trades for below its cash value and is buying back shares like crazy The company has two massive options: their C1 tech for healthcare, and a big lawsuit Position sizing has been a real struggle for me here; I'd love to hear your thoughts Upfront note: Dyadic (DYAI) is an illiquid […]

Dyadic: two lottery tickets for the price of none $DYAI

Posted On January 31, 2017
Dyadic (DYAI; disclosure: long) trades for below its cash value and is buying back shares like crazy The company has two massive options: their C1 tech for healthcare, and a big lawsuit Position sizing has been a real struggle for me here; I'd love to hear your thoughts Upfront note: Dyadic (DYAI) is an illiquid […]

What will Ophthotech do with all that cash? $OPHT

Posted On January 29, 2017
This week, the blog’s focusing on companies trading below net cash value. Net cash investing sounds boring and safe, but I’ve generally found it to be highly volatile. Ophthotech (OPHT) trades below net cash; the question is what management is going to do with the money. Last week, the blog’s focus was on companies with […]

What will Ophthotech do with all that cash? $OPHT

Posted On January 29, 2017
This week, the blog’s focusing on companies trading below net cash value. Net cash investing sounds boring and safe, but I’ve generally found it to be highly volatile. Ophthotech (OPHT) trades below net cash; the question is what management is going to do with the money. Last week, the blog’s focus was on companies with […]

Franklin Covey's big question $FC

Posted On January 27, 2017
Franklin Covey is undergoing a business model switch that makes their financials look worse than they are. Ignoring the model switch, Q1 still seemed awful and calls into question if the switch is going well or not. If Q1 was just a blip and AAP is as successful as advertised, investors could do well at […]

Franklin Covey's big question $FC

Posted On January 27, 2017
Franklin Covey is undergoing a business model switch that makes their financials look worse than they are. Ignoring the model switch, Q1 still seemed awful and calls into question if the switch is going well or not. If Q1 was just a blip and AAP is as successful as advertised, investors could do well at […]

Bob Evans and the Conference Call Question of the Year $BOBE

Posted On January 26, 2017
Bob Evans is selling off their restaurant side The conference call was hilarious They're probably roughly fairly valued around today's prices Bob Evans (BOBE; disclosure: very long) has been a very large position of mine for some time (I posted the full thing over on SumZero; I believe you can access the write up w/ or […]

Bob Evans and the Conference Call Question of the Year $BOBE

Posted On January 26, 2017
Bob Evans is selling off their restaurant side The conference call was hilarious They're probably roughly fairly valued around today's prices Bob Evans (BOBE; disclosure: very long) has been a very large position of mine for some time (I posted the full thing over on SumZero; I believe you can access the write up w/ or […]

Nexmo could make Vonage shareholders go "Woo-Hoo" $VG

Posted On January 24, 2017
Vonage (VG) is helmed by a fantastic CEO who has done a masterful job of capital allocation over the last three years The company has three segments with wildly different outlooks and financials, and that disparity plus the legacy overhand of people thinking of VG as a dying consumer phone company could mask the underlying […]

Nexmo could make Vonage shareholders go "Woo-Hoo" $VG

Posted On January 24, 2017
Vonage (VG) is helmed by a fantastic CEO who has done a masterful job of capital allocation over the last three years The company has three segments with wildly different outlooks and financials, and that disparity plus the legacy overhand of people thinking of VG as a dying consumer phone company could mask the underlying […]