Dark companies & Temco Service Industries

Pink sheet companies have always fascinated me. It’s this large universe of mostly very crappy companies that virtually all investors will not touch with a barge pole. Rightly so for the most part. I’d say at least 95% of them are not even remotely interesting. Many are just shell companies with no operations. Others are […]

Tidelands Royalty Trust “B”

Sometimes I stumble upon a weird small stock that looks interesting, but after doing some reading on it I begin to realize I can’t get a good idea of what it is worth. One recent example I found on the pink sheets is Tidelands Royalty Trust “B” (TIRTZ). I’ll just throw some info out there, […]

Bank of McKenney

Bank of McKenney (BOMK) is a small bank located in Virginia and serving customers within the counties of Dinwiddie, Chesterfield and Prince George and the cities of Colonial Heights, Hopewell and Petersburg. The bank has been in operation for more than 100 years: it was established on June 5, 1906. At year-end 2014 the bank […]

Perpetual Federal Savings Bank

After reading a number of articles and blog posts last year, I became convinced that as a group the small community banks were cheap compared to historical trading levels and that there is a long trend of consolidation among these small banks that is likely to continue. That’s why I bought a basket of community […]

Why I sold Stephan Company

Nate has written a good post about Stephan Company (SPCO) on his website. People who follow my Twitter account will know that I also owned some SPCO shares, but that I recently sold my shares after I read the latest annual report and the quarterly report for March 31, 2013. Revenue continues to fall and […]