Activists emerge at Okayama Paper Industries

There has been some activist activity at Okayama Paper Industries (TYO:3892) recently. Okayama Paper has been in my basket of Japanese stocks for quite a while now. Apparently a Japanese hedge fund with a history of shareholder activism has spoken up at an Okayama annual meeting and subsequently demanded an extraordinary shareholders meeting. The company […]

Dark stock Questar turns into special situation

I own a number of microscopic positions in dark companies that trade on the pink sheets and that seem to offer no information at all to investors. Every now and then I manage to get some financial information from a company, but often I’m simply ignored. Friday I noticed that the stock of one of […]

VIB Premium: Company 1

Preview: Company 1 is a Singapore listed company trading at a low P/E multiple and a low price to free cash flow multiple. There’s also a substantial discount to book value. Article type: Portfolio position, the author has a long position in this stock at the time of publication. My position size: Small

Hibernia Bancorp

After Trump’s election win, many financial stocks have been flying high, but I’m still finding a reasonable number of cheap micro-cap community banks that have been left behind. Since early 2015 I’ve slowly built a basket of these small banks. I’ll highlight one more in this post.