Welcome to the Co/Report
You can expect weekly investment news, insight and ideas. If you have investment opportunities, please share them with us at mp@coinvestorclub.com and visit our website for more info.
White Paper
“We intend to continue our practice of working only with people whom we like and admire.” - Warren Buffett (1986 Letter to Berkshire Hathaway Shareholders)
Qualitative factors are neither comprehensive nor exact measurements. An investor needs diligence and patience to accurately determine their effectiveness and evaluate quality on a company-by-company basis. Attention to qualitative areas will pay dividends over the long term with the potential identification of companies that can grow at high rates for a long, long period of time—the super-compounders.
To those that voted on our Twitter Poll, thank you! We are excited to share the resulting White Paper: Qualitative Metrics of a Super Compounder
Download Qualitative Metrics White Paper Here
You’re Invited to Lunch at the Club
Quality investors present their best investment ideas.
Join us on Wednesday, February 17th 12:00-1:00 EST to hear Kenny Orr present KORR's best value stock idea.
To watch the presentation log back into the RSVP link with your email address.
KORR founder, Kenneth Orr, has initiated numerous activist investments, all of which have outperformed the markets, proved profitable, and have provided Ken with specific skills and knowledge that can only be gained through experience.
Mr. Orr’s campaigns in the past have included, Surge Components (resulted in a merger), NuHorizons, Inc. (resulted in a sale to Arrow), Calton Homes (resulted in a special dividend).
Since founding KORR, Mr. Orr has been an activist in Sanderson Farms (buybacks), The Andersons (takeover bid by a partner for $1.5 billion), Rocky Brands (divestiture), and Skull Candy (sale).
Mr. Orr is the Executive Chairman of Charge Enterprises (OTC:CRGE) as well as Optimus Healthcare Services, Inc. (HOPS).
Kenneth Orr is a graduate of Tufts University (‘88 – Bachelor of Science), and completed his post graduate studies at both Columbia Business School (Value Investing) and Harvard Business School (Leading with Finance).
You Can’t Buy Happiness…
But you can buy chocolate and that’s kind of the same thing.
In honor of this issue of the Co/Report being sent on Valentine's Day, here are a couple of great case studies on See's Candies: One by John Chew, and another by Max Olson. See's was a big part of helping Warren Buffett and Charlie Munger appreciate the merits in paying up for a high quality business. As Munger said at the 2014 Berkshire Hathaway Annual Meeting:
There’s no question about the fact that [See's Candies] main contribution to Berkshire was ignorance removal. And it’s not the only big contributor to ignorance removal.
If it weren’t for the fact we were so good at removing our ignorance, step by step, Berkshire would be practically nothing today.
What we knew originally wasn’t enough. We were pretty damn stupid when we bought See’s. We were just barely smart enough to buy it.
And if there’s any secret to Berkshire, it’s the fact that we’re pretty good at ignorance removal.
Exclusive Opportunities
Upgrade to Co/Investor Club Premium Membership for only $100 annually to access investment opportunities and deal flow. Click the button to see a full list of Premium Membership benefits.
Microcap Rodeo Conference
Register and tune in for another, “Best Ideas from the Buy Side” conference, brought to you by the Microcap Rodeo team and a Co/Investor Club Premium Member. The conference is this week and there are 35 companies presenting plus 1 on 1 meetings for qualified institutional or HNW investors. Registration and more information can be found here: https://microcaprodeo.com/
Step Up to The Plate
Normally this is an in person event, but due to COVID 19 the Step Up To The Plate Auction has been moved online. This online auction supports the Grand Strand Miracle League, which provides those with special needs the opportunity to have fun through sports and the Mike Pruitt Foundation, which provides scholarships to underprivileged kids ages 8-12 to attend Coastal Carolina University Youth Baseball Camp. Thanks to generous donations, over 1,000 kids have attended the baseball camps in the past. Check out the unique auction items.
In Case You Missed It…
Adara Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering
Podcast Highlight
Coffee Microcaps with Mike Pruitt
Coffee Microcaps seeks to help ASX Microcap and Nanocap stocks tell their story to a community of Microcap investors.
Recently, they featured the Founder of the Co/Investor Club, Mike Pruitt. Mike Pruitt is the CEO of Amergent Hospitality Group Inc (OTC: AMHG) & Former Microcap Fund Manager. Mike talks about success, failure and all the lessons in between as an entrepreneur.
If you have not already upgraded your membership…
Avenel Financial Group, a merchant banking and advisory firm located in Charlotte, NC launched a new business venture called the Co/Investor Club. The Co/Investor Club is a community of value-oriented investors that collaborate on investment opportunities and ideas. You are receiving this newsletter because you are a Free or Premium Member of the Co/Investor Club!
We love to hear from you!
Email mp@coinvestorclub.com with questions and ideas.
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