So the OTC market shut down today appears to have lead to their pinksheet website malfunctioning, which hurt my time looking for pinksheet value. Instead, I spent a bit of time looking at USA Truck (USAK). It’s a really interesting situation, and while I don’t have an investment in it right now, I could see myself buying some at some point in the future.
Yesterday I posted a list of stocks I’d be going through hunting for value on the pink sheets. And, crazy as it sounds, literally the first ticker that popped up piqued my interest. I know it sounds unbelievable, but I swear I didn’t rig the rankings!
I’ve mentioned this several times, but my favorite way to find value stock is to take a list of pink sheet stocks and just work through them one at a time. Most of the stocks can be passed over or thrown out after a two second look…. but every now and then you’ll find a true gem. I’ve done this several times, and I’m actually shocked by the number of doubles and triples that this method had led me to invest in. The only problem to date is that I haven’t been aggressive enough in investing in them!!!
I wanted to do one last follow up on ALJJ.
Yesterday, I posted a seeking alpha article on ALJJ holdings and how I thought their new acquisition was set to unlock a ton of value. That post is now live to all readers.
Sorry, no new thoughts from me today. Instead, a few links from people much smarter than I am.
This idea behind this post is nothing new. I discuss it constantly on this blog. But it’s worth mentioning again because I feel like the principles behind it are so frequently ignored by investors. The idea is simple: if you want to outperform the markets, you need to have an edge in your investments.
A few weeks ago, this article on a billionaire who invested in Berkshire’s stock in the early 80s, has held for years, and gotten tremendously wealthy was tweeted and retweeted by just about every value investor I follow. The bottom line most investors took from the article was, “Find a great capital allocator. Invest in the stock at (almost) any price. Never sell. Profit.” For example, you had this line from basehitinvesting,