Planet MicroCap Podcast | MicroCap Investing Strategies

Mathieu Martin, Portfolio Manager at Rivemont MicroCap Fund, dives into the evolving landscape of Canadian cannabis, spotlighting the emergence of profitable operators amidst a challenging market. He discusses why traditional investors are missing opportunities by overlooking cash flow over flashy revenue. Mathieu highlights standout companies like High Tide and the significance of regulatory changes. With a fresh perspective, he explores international markets and brand differentiation, urging listeners to reassess the cannabis sector.

Discover unique investment strategies with insights from a former Merrill Lynch trader. Jerome shares his barbell approach, balancing stable earnings with riskier bets. Dive into the world of music royalties, where steady cash flow fuels bold investments. Explore the hidden gems within microcaps and learn how personal experiences shape investment choices. Jerome emphasizes due diligence and spotting transformative companies, while discussing the challenges and emotions of navigating market volatility.

Ben Brostoff, a software engineer at Klaviyo and the mind behind the Stock Talk newsletter, shares his unique perspective on microcap investing. He reveals his strategy of targeting 8–10% returns while mitigating risks. Ben discusses how AI alters the evaluation of software companies and highlights the importance of thorough due diligence. His journey from investment banking to tech informs his insights on competitive advantages in the SaaS space. Listeners will appreciate his actionable frameworks and essential tips for navigating the complexities of investing in this dynamic sector.

My guest on the show today is Cameron, Founder of Commonsense Investing and author of the Substack microcapstocks.substack.com. Cameron is a microcap investor focused on education, community, and a disciplined research process — bringing a common-sense approach to navigating this often volatile corner of the market. In our conversation, Cameron shares how his investing journey evolved from chasing high-flyers and exposing bad actors to building a thoughtful framework for identifying quality microcap companies. He discusses the importance of doing your own research, filtering stocks through a rigorous process, and why flexibility is a powerful edge for retail investors. We also talk about his personal investing experiences, as well as key red flags to look out for — from share dilution to questionable management behavior. And for full disclosure, we discussed a number of companies during today’s podcast. I am not a shareholder in any of them. For more information about Cameron and Common Sense Investing, please visit: https://commonsenseinvesting.ca/ Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

Thomas Richard, CFA and Portfolio Manager at Philippe Hottinguer Gestion, shares insights from his deep dive into Europe's microcap market. He discusses the underappreciated opportunities in Southern Europe, especially Spain, Italy, and Greece. Thomas emphasizes the value of bottom-up research and direct management interactions while navigating governance risks and delisting threats. He also highlights how language barriers can be tackled with AI tools, making a case for the untapped potential in European microcaps for international investors.

This lively discussion features Whit Huguley, who leads River Oaks Capital; Thomas Bachrach from PFH Capital; and Jason Hirschman of Hudson 215 Capital. They delve into the significance of due diligence in microcap investing and share personal stories about management interactions that shaped their investment choices. The panel also highlights the allure of European microcaps, the defining traits of successful CEOs, and strategies for timing investments and exits. Expect humor and insights, all while navigating today’s market complexities!

In this engaging discussion, Ben Kohn, President and CEO of PLBY Group, Inc., navigates the challenges of reviving the iconic Playboy brand. With a focus on returning to its roots and innovative partnerships like the Byborg deal, Kohn shares insights on managing cultural risks. He elaborates on the company’s vision for digital transformation and attracting a new audience while maintaining brand relevance. The conversation also touches on strategic investments and the future of sustainable publishing in a changing landscape.

My guest on the show today is Brian Kitchen, President & CEO, Ryan Kavalauskas CFO of Ascent Industries Co. (NASDAQ: ACNT). Ascent Industries Co. is a company that engages in a number of diverse business activities including the production of specialty chemicals and industrial tubular products. Ascent will be joining us in Las Vegas, and I invited the team on to learn more about: History of Ascent Industries Brian and Ryan's background and why they decided to join Ascent; and, Their experience turning around specialty chemicals businesses Path to profitability while still focused on growth, and 3-5 year vision for the company For more information about Ascent Industries, please visit: https://ascentco.com/ This podcast was recorded and is being made available by SNN, Inc. (together with its affiliates and its and their employees, “SNN”) solely for informational purposes. SNN is not providing or undertaking to provide any financial, economic, legal, accounting, tax, or other advice in or by virtue of this podcast. The information, statements, comments, views, and opinions provided in this podcast are general in nature, and such information, statements, comments, views, and opinions, and the viewing of/listening to this podcast are not intended to be and should not be construed as the provision of investment advice by SNN. The information, statements, comments, views, and opinions expressed in this podcast do not constitute and should not be construed as an offer to buy or sell any securities or to make or consider any investment or other course of action. The information, statements, comments, views, and opinions expressed in this podcast (including by guest speakers who are not officers, employees, or agents of SNN) are not necessarily those of SNN and may not be current. Reference to any specific third-party entity, product, service, materials, or content does not constitute an endorsement or recommendation by the SNN. SNN assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this podcast or the compliance with applicable laws of such materials and/or links referenced herein. The views expressed by guest speakers are their own and their appearance on this podcast does not imply an endorsement of them or any entity they represent. SNN does not make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views, or opinions contained in this podcast, which may include forward-looking statements where actual results may differ materially. SNN does not undertake any obligation whatsoever to provide any form of update, amendment, change, or correction to any of the information, statements, comments, views or opinions set forth in this podcast. SNN EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. By accessing this podcast, the listener acknowledges that the entire contents and design of this podcast, are the property of SNN, or used by SNN with permission, and are protected under U.S. and international copyright and trademark laws. Except as otherwise provided herein, users of this podcast may save and use information contained in the podcast only for personal or other non-commercial educational purposes. No other use, including without limitation, reproduction, retransmission, or editing of this podcast may be made without the prior written consent of SNN.

In this discussion, John Rotonti, Portfolio Manager at Islamorada Investment Management, delves into the electrification of industrial sectors and its investment implications. He shares insights on evaluating businesses in this evolving landscape, particularly the aging U.S. electrical grid and increasing semiconductor demand. John also recounts his unexpected journey into investing, emphasizing the need for thorough research, cash flow analysis, and understanding management incentives. His passion for quality businesses and long-term growth shines through as he navigates the future of infrastructure investments.

My guest on the show today is Denver Smith, Managing Partner & Chief Investment Officer at Carlson Ridge Capital. We've done a number of episodes over the years on Activist Investing, and I'd say all the investors that end up going activist, it's a reluctant endeavour; they basically, with all the circumstances happening in that particular company, made a conscious decision doing a time and cost analysis that it was a necessary step. But the biggest difference between most activist investors we've had on, or rather, investors that have gone active, is that they wouldn't necessarily describe themselves as activist investors; it was all situational. While becoming an activist investor was initially unintentional with my guest today, Denver Smith, he is now most certainly intentional when the circumstances are ripe. And we dive into what a ripe situation looks like. And for full disclosure, we discussed a number of companies during today's podcast, I am not a shareholder in any of them. For more information about Carlson Ridge Capital, please visit: https://carlsonridge.com/ We're excited to announce that we'll be partnering up with MicroCapClub for our full slate of investor conferences in 2025. Ian Cassel and his team at MicroCapClub have not only built and fostered the best community of MicroCap investors, but it's arguably one of the best investing communities, period. We couldn't be more thrilled to leverage our expertise in curating and hosting large scale MicroCap conferences, and teaming up with MicroCapClub to put together world class conferences for the MicroCap community. First up, the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub will be held on April 22-24, 2025 at the Paris Hotel & Casino in Las Vegas. Registration is now live, please visit: https://www.meetmax.com/sched/event_113149/conference_home.html. See you in Vegas! Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft