Sean Iddings Posted March 24 Report Share Posted March 24 @BlackList thanks for chatting with me the other day! 16 Link to comment Share on other sites More sharing options...
Ian Cassel Posted March 24 Report Share Posted March 24 "Poker is a game that in the long-run if you make better decisions than the other people at the poker table you can be a long-term winner in the game. But in the short-term there is a lot of luck and back luck involved. You can make a good decision and have a bad outcome.." 🔥 6 Link to comment Share on other sites More sharing options...
Sergio Heiber Posted March 24 Report Share Posted March 24 @BlackList Would you mind giving us more elements of your secret sauce for stock selection. Great interview @Sean Iddings 4 Link to comment Share on other sites More sharing options...
BlackList Posted March 25 Report Share Posted March 25 Thanks for having me @Sean Iddings! It was a pleasure chatting with you. @Sergio Heiber the recipe I've had the most success with in finding multi-baggers typically has the following criteria: Market cap between $25M and $75M High revenue growth (40%+) A clear tailwind in the industry The company may or may not be profitable, as long as it could become profitable if needed (sometimes it's just better to keep reinvesting for growth). It's probably best when there's an expectation that they might raise capital because the investment banks and analysts will be all over it at some point. A low starting valuation, sometimes due to being misunderstood or just being undiscovered by the investment community. That being said, it's hard to build a portfolio with just this type of opportunity because it's rare (unless you want to be hyper-concentrated, which is not suitable for my fund). So I also own stocks that don't check all these boxes yet. Maybe some of them will eventually. For the others, I'm mostly trying to buy them cheap, and if they get to fair value, I'll move on to something else. There are many ways to make money in the market. I think of it as like a toolbox. I have many tools in it, and when I look at a new opportunity, I'll try to take out the right tool for the situation (long-term high conviction holding, small starter position, short-term trade, etc.). 7 1 Link to comment Share on other sites More sharing options...
cdnsmallcap Posted March 28 Report Share Posted March 28 Great interview. Always enjoy the interviews with Canadians that don't invest in resources. 5 Link to comment Share on other sites More sharing options...
Ian Cassel Posted March 28 Report Share Posted March 28 At the rate of M&A, you will only be left with resource stocks. The way it should be 😆 2 Link to comment Share on other sites More sharing options...
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