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Planet MicroCap Podcast | MicroCap Investing Strategies
Quirky / Off the Beaten Path Investing, Making Your Move + $PLCE $NCMI with David Bastian, Chief Investment Officer at Kingdom Capital Advisors
Oct 17, 2023
David Bastian, Chief Investment Officer of Kingdom Capital Advisors, discusses quirky/off the beaten path investing and when to make a move. He also gives quick pitches on The Children's Place and National CineMedia. They explore investing in quirky opportunities and misunderstood stocks and the investment thesis on The Children's Place and National Cinemedia, highlighting challenges in the theater industry. They also discuss due diligence, investing as a team sport, and continuous learning in microcaps.
54:10
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Quick takeaways
- National Cinemedia (NCMI) recently emerged from bankruptcy with a clean $350 million market cap and practically no debt, offering an attractive risk-reward profile for investors.
- National Cinemedia's dominant market position and potential growth opportunities make it an intriguing investment, especially considering the shift back to movies from peak TV and its low valuation of seven times earnings.
Deep dives
National Cinemedia emerges from bankruptcy with a clean balance sheet and potential growth opportunities
National Cinemedia (NCMI) recently emerged from bankruptcy with a clean $350 million market cap and practically no debt. The company is a major player in the cinema advertising industry, known for running ads before movies at the Big Three's theaters and some smaller cinemas. While there are concerns about the industry's future, National Cinemedia's dominant market position and potential tailwinds, such as a shift back to movies from peak TV, make it an intriguing investment. With a seven times earnings valuation and no debt, the stock offers an attractive risk-reward profile.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode