Pound the Rock Investing
"When nothing seems to help, I go and look at a stonecutter hammering away at his rock perhaps a hundred times without as much as a crack showing in it. Yet at the hundred & first blow it will split in two, & I know it was not that blow that did it, but all that had gone before."
Manolete Partners (AIM:MANO) – a litigation finance microcap
Tandy Leather Factory (TLF) – a cheap business with a path to a decent return
Nautilus (NLS) – value destruction could lead to an opportunity
Can’t get comfortable with Duluth Holdings (DLTH)
Burford Capital (BRFRF/BRFRY) – leader in litigation finance with attractive economics
Weekly Articles 2/11 – 2/17
Nobility Homes (NOBH) – Illiquid, under-followed, cash generative home builder
Rimini Street (RMNI) – A high quality business going through some temporary issues
Skyline Champion Corp. (SKY) – an interesting setup in manufactured housing
WageWorks (WAGE) – not as cheap as it looks
American Shared Hospital Services (AMS) – very cheap, but with some hair
Planet Fitness (PLNT) – impressive but too expensive
Some updated thoughts on RumbleOn Inc. (RMBL)
RumbleOn Inc. (RMBL) – a potential fat pitch
CRH Medical Corp. (CRHM) Q2 update and thoughts on valuation
Ecology and Environment Inc. (EEI) – attractive valuation with some built-in catalysts
The state of the frac-sand industry
An Asymmetric Opportunity with Select Sands Corp. (SLSDF)
The Joint Corp. (JYNT) – adjusting for a brighter future
Vista Outdoor Inc. (VSTO) – Potential value through the sale of a business segment