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Tag: Andreas Aen

Contrarian Stock Talks Inaugural Edition: Wrap Up

Attendees at the first ever Contrarian Stock Talks webinar on Nov. 10 got to hear three exclusive long ideas:

Andreas Aen of Symmetry Invest A/S presented on Gaming Innovation Group, which trades on the gray market in the U.S. under stock symbol GIGI. “This is a company that we think is the cheapest one in Scandinavia right now,” Aen said, with price-to-earnings of free cashflow yield of 4.4 next year. “It’s basically priced for bankruptcy, despite the fact that it doesn’t have a lot of debt.”

Watch Aen’s presentation on our YouTube channel below. The full write-up is available on Symmetry’s website.

Maj Soueidan of GeoInvesting LLC discussed his thesis on Information Analysis, an OTC stock trading under ticker symbol IAIC. The IT software company “falls into the category of a quiet little nanocap company that noone really noticed” despite some “interesting developments” that have taken place recently.

Soueidan also mentioned Ocean Bio-Chem (NASDAQ: OBCI) as a stock that had just been added to GeoInvesting’s “Buy on Pullback” portfolio. That portfolio, which looks for overreactions in price movement, has seen seven previous iterations. OBCI is the first addition to the new vintage.

“There’s an assumption that because of the [COVID] vaccine, that some stocks where the growth were benefiting from COVID-19…would see an abatement of their growth.” While this is true for some companies, there are others that will continue to benefit from COVID, even if and when there is a vaccine.

OBCI, which creates maintenance products for the boating and RV industry, developed a product during the ebola outbreak. The product, a sanitation solution, benefited from COVID but when the vaccine news broke earlier this week its stock sold off. While it has since rebounded, Soueidan still views it as undervalued.

Watch Souedian’s presentation below.

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Hebron Technology Shares Drop After Report At Contrarian Investor Virtual Conference No. 2

The Contrarian Investor Podcast, in partnership with ValueWalk.com and Breakout Point, hosted their second virtual conference today.

Shares of Hebron Technology (HEBT) sold off sharply after a presentation from Siegfried Eggert, CEO of Grizzly Research. “We believe the company is operating an insider enrichment scheme,” the presentation says. “All major transactions of the last year were announced and portrayed as arms-length, but we could link them all back to company insiders.”

HEBT opened around $20.80 per share on the NASDAQ this morning, already lower than yesterday’s close of $22.59. The stock sold off more sharply after Grizzly’s report, dropping from about $20.70 to around $17. At the time of this writing HEBT was trading more than 23% below yesterday’s close.

Update: Shares of Madison Square Garden Entertainment (MSGE) and Madison Square Garden Sports (MSGS) rallied after the presentation by Jonathan Boyar of Boyar Value Group.

Update 2: Shares of Vista Oil (VIST) spiked after David Neuhauser of Livermore Partners presented his bullish thesis on the company.

Update 3: At least one law firm has announced an “investigation on behalf of investors” in Hebron Technology.

The conference’s other presenters focused on long ideas:

  • Andreas Aen of Symmetry spoke about Danish “mini-conglomerate” North Media A/S, which trades on the Copenhagen stock exchange under ticker symbol NORTHM;
  • Neuhauser of Livermore Partners also presented Solgold (SLGGF)

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