New Research Journal Post (link in bio): •In general, we think the market hasn’t priced in a turnaround yet, by new CEO. •On our estimate of earnings once restructuring cuts are done = trading at a forward P/E of 5x. •The company has very low net debt, and years of past tax losses should let it keep almost all of the new profit. •Someone else seems to have noticed: an investor has bought nearly 9% of the company, close to the 10% cap the board set to block takeovers, and a cost reduction plan was announced the day after it disclosed raising that stake. •Big share repurchase program in place.

We talk a lot about multibaggers, but one of our fave stats from our 2022/2025 Microcap Quality Indexes are actually the percentage of stocks that delivered returns of 20% and 50%. Investing in a broad universe of quality companies with a high probability of delivering solid returns might be a better strategy for most investors, leading to a much better CAGR vs. constantly chasing the next multibagger. Give yourself enough good chances at bat, and the multibaggers will naturally emerge along the way.

We're building a curated smaller-cap hunting ground, like no other, for serious investors who want more than just the next "pick." We're a little biased, but our Substack has become perfect place for quality focused investors/authors to hunt for ideas during market sloppiness, like what's currently going on in certain corners. Thanks for all the support that is making this possible. We won't let you down.

Our September letter is ready. Our Microcap Quality indexes include 153 stocks across two passive indexes to help you hunt for Cos. hitting multibagger markers: •2025 Index: YTD 23.8% CAGR 34% •2022 Index: YTD 26.4% CAGR 19.6% •YTD NASDAQ, S&P, Russell 2K: 15.6% 12.1% 17.4%

A new stock has entered our research pipeline that we just wrote about today. Somewhat reminds us of $MPTI and $FEIM , a top 5 multibagger in our Microcap Quality Index.

Our Microcap Quality Index platform now has 175 stocks, giving us a diverse cross-section of businesses through which to follow major trends and uncover opportunities in companies many investors have never heard of. This is just a glimpse of what’s inside the index.

Our next Deep Dive Trends Report (picks & shovels series) is ready at our Substack, written by @GurkiratSpeca. We explore the Battery Energy Storage Systems (BESS) theme, stocks playing in the industry’s lifecycle and how to spot where the higher probability opportunities sit.

“A stock in our Microcap Quality Index that’s trading 50% to 100% below fair value, and that’s before realizing comps were acquired at 2x+ current valuation. We also learned that a comp dropped out of two key markets. This investment process article was inspired by that company.” mscliffnotes.substack.com/p/…

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