One of the most common questions I'm asked regarding micro cap stocks is "how do you find new investment ideas?"
One problem with microcap stocks is there are so many of them. In the US and Canada there are over 10,000 stocks with market caps below $500m, and 8,600 companies have market caps below $100m. This is compared to the 3,600 companies with market caps greater than $500m. These numbers don't include the hundreds of semi-public companies where information is at times harder to find.
Microcaps have a reputation of being scammy, risky, fly by night operations. And there definitely are a number of companies that fit that profile. But within the universe of 10,000 small companies there are also some incredible investment bargains. The problem is digging through 10,000 names to find those hidden gems.
I've teamed up with Fred Rockwell (I co-host the Bulldog Investor Podcast with Fred) to create a new type of microcap investment conference.
We wanted to create a unique investment conference combining some of the best financial bloggers with microcap companies that deserve to be on your radar.
You will have the ability to choose between sessions on two different tracks on November 5th. We have dedicated one track to microcap companies so they can tell their story to investors. You'll have the opportunity to listen and ask questions directly to executives at these companies. We have also reserved space for investors to schedule one on one sessions with attending companies. This is your opportunity to meet with an executive and get a feel for how they think about capital allocation, how they view the future of their business, or anything else you feel relevant to your investment thesis.
At the same time we're also going to have sessions featuring some of the biggest names in the value investing blogosphere. The day will be divided into presentations from bloggers, special panels (such as an activist investing panel), Q&A sessions as well as a stock pitch contest. These sessions are more educational in nature. Micro cap experts will spill their secrets on how to find ideas, how to look at companies, how to engage management and more.
You don't have to pick one session track or the other, you can pick and choose to attend whatever piques your interest. You can attend presentations by companies you find interesting and then pepper a panel of activist micro cap investors with questions
We realize that some of the best ideas and connections happen in the halls and outside of sessions so we've built in plenty of time to network with other investors and companies over drinks or food.
The Microcap Conference will take place on November 4th and 5th at the Marriott in downtown Philadelphia. There will be a happy hour on the 4th for attendees arriving the night before. The conference starts early on the 5th and is jam packed with presentations, sessions and plenty of networking time.
The cost to attend is $150 and includes the conference on the 5th as well as the happy hour and all meals on the 5th. Space is limited, so booking early will guarantee your seat.
I will be presenting and spilling some of my secrets on sourcing ideas, analyzing microcaps and why I love bank stocks.
We also want to make this conference about you, and to do that we want your feedback on what panels you'd like to see or topics you'd like to see presented. You can reply in the comments or send me an email directly (address on the sidebar).
Date: Evening of November 4th, all day November 5th
Where: Marriott Downtown Philadelphia (link)