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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