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Tag: Maj Soueidan

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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Shares of Akazoo, Silvercorp Sell Off On Reports From Inaugural Contrarian Investor Virtual Podcast

The Contrarian Investor Podcast, in partnership with ValueWalk, hosted the inaugural virtual conference before market open on Monday, April 20. A recording of the event is available on our new YouTube channel (and viewable at the bottom of this page).

Shares of Akazoo sold off sharply after the presentation from Gabriele Grego of Quintessential Capital Management that kicked off the event. “We believe Akazoo is a scheme orchestrated by management to profit while egregiously deceiving investors,” Grego said during the presentation. “We see signs of very suspicious accounting manipulation,” including cash inconsistencies and “a total lack of income taxes.”

Update: On May 21, an Akazoo special committee of independent directors announced that management and associates “participated in sophisticated multi-year fraud.”

Silvercorp Metals also sold off in the pre-market after the presentation by Nathan Anderson of Hindenburg Research.

Maj Soueidan of GeoInvesting LLC, a previous guest on this podcast, said he was bullish on shares of Intouch Insight. The customer experience company’s stock has sold off after coronavirus, which Soueidan says is an opportunity to build a position. He has a target of about $3 for the stock, which was trading around 27 cents a share at the time of his presentation.

Matt Zabloski, another guest on the podcast, gave the final presentation of the event, saying he was long shares of Vale, a Brazilian iron ore producer.

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Season 1, Episode 18: Microinvesting Primer and Idea Generation, with GeoInvesting’s Maj Soueidan

Maj Soueidan, co-founder of GeoInvesting LLC, joins the podcast to discuss his approach to microcap investing and his process for sourcing ideas before concluding with one of his favorite stock picks at the time of the recording.

Content: The case for microcaps (1:25), how to find ideas (5:14), sectors (9:04), monitoring and holding periods (10:08), catalysts and “problems” (12:30), an illustrative case study (15:10), Maj’s background and how he came about microcap investing (18:43), more about GeoInvesting (24:19), current idea: Rand Worldwide Inc. (26:09), how to find more information (37:14).

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