Investment thesis – Good Times Restaurants $GTIM. A micro-cap in the US restaurant industry with net cash, buybacks and unit
The investment thesis is the part of the process that takes us more time. After analysing the macroeconomic environment and developing a top-down approach where we identify the industries that can be benefited from the macroeconomic conditions (in the next 12-24 months), we study that industry and its players. That is why once we choose an industry, we usually share investment theses about several players in the same industry (as has happened with the luxury yacht builders recently)
Our preference is for small cap companies, as we believe that the risk-reward balance is more favourable and they tend to be less covered by analysts. Consequently, there are greater opportunities for outperformance in the market.
Initially, we only shared the investment thesis of the companies that make up our portfolio. However, as we have grown the team and there are several collaborators in Moram, we also share analysis of companies that we have discarded or we see as attractive but there are not included in the portfolio. Our idea is to continue growing and offering more investment thesis. Nevertheless, we prioritise quality over quantity, so this process will go step by step.
Maha Energy Investment thesis. Deep analysis of an unknown company in the O&G sector with new and experienced management since November 2022
Investment thesis – Kistos Holdings. A small company run by Andrew Austin(Ex-RockRose) which invest in natural gas assets in the North Sea
Investment thesis – Vermilion Energy an oil & gas producer with presence in North America, Europe and Australia
Investment thesis Epsilon Energy. A small cap in the oil&gas sector. It operates in the Marcellus & Anadarko basin & owns midstream assets
Since the past 1st of May and after more than 3 years of publishing free content, we have launched our premium B2C service; you can find all the information in the Investor Resources tab. As a team (that serves institutional investors), our commitment is that the frequency of content (>10 publications per month) and its quality make our price significantly below market value.
In early March, we hosted a Small Cap Investment Thesis Competition, showcasing 20 promising candidates. After rigorous evaluation, we selected 9 outstanding finalists, including Newlat Food Spa, Playway, Troika Media, Thrive Holdings, Nowvertical, and Atlas Engineered Products, among others. Click on the image next to this text to gain access to these 9 investment theses.
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After over 3 years of openly publishing investment theses and expanding our team, starting from May 1st, the majority of the content we publish is now premium. In the Investor Resources section, you will find all the information about the services we offer. Thank you very much for your trust!