Hidden gems in global small cap value $XPEL, $TRRVF and $JSCIF with Chris Waller | S07 E21

12 snips

Jun 19, 2025

Chris Waller, founder of Hidden Gems Investing and Plural Investing, unpacks the allure of niche small cap businesses. He dives into the transformative journey of Expel, a leader in vehicle protection, spotlighting its growth and branding strategies. Waller also discusses the strategic acquisitions by TerraVest, showcasing its niche market expansion. Additionally, he explores the interplay of investor perceptions and the dynamic world of small caps, emphasizing the importance of a balanced approach to investing for long-term success.

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INSIGHT

Value in Global Small Caps

Global small cap value investing currently offers significant opportunities amid prolonged underperformance.
Investors should focus on companies with strong capital reinvestment potential rather than just hoping for multiple expansions.

ANECDOTE

Expel's Franchise Transformation

Expel transitioned from selling just software to providing a full franchise package to installers.
This strategic shift turned Expel from a supplier into a market-leading franchise in paint protection films.

INSIGHT

Expel Defies Short Seller Warnings

Short seller reports on Expel highlighted cyclicality and Tesla-driven risks, but the company defied these by securing Tesla as a partner.
Product innovation threats have also not materialized as feared, affirming Expel's resilience.

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