Ian Cassel on small and micro cap investing and the traits of good and great investors | S07 E03

Bullish:

• $PROFITABLEMICRO - Profitable, growing micro-cap stocks, particularly in Canada, have shown strong performance and are attracting interest from US private equity firms.

  • “I think it's been a good year for kind of smaller profitable growing micro caps. We've seen a lot of outperformance in kind of that flavor factor of kind of growthy profitable small.”

    Ian·1:30

  • “You're seeing a lot of a lot of takeouts in Canadian profitable companies that are micro caps, nano caps up there. It seems like there's one a day, you know, from, you know, US private equity taking out a Canadian, you know, small business that's trading a single digit, you know, e b to EBITDA or something like that.”

    Ian·4:35
• $SMALLCAPVALUE - Small, non-resource companies with 20% growth and profitability have seen significant equity appreciation in 2024.

  • “I think if you're a small non resource company growing 20% that's profitable, I think you you saw a nice lift in your equity, you know, during 2024.”

    Ian·5:53