Philosophy and History

     We follow a small universe of mostly small cap stocks traded on major exchanges where a small investment buys a larger proportion of ownership than can be had with similar dollar investments in larger cap stocks. We try to identify issues trading below our estimates of their private market values, which we believe have the potential to significantly outperform. We generally purchase all our recommendations. 

Previous Recommendations:

    Equity               Purch Date     Cost      Current

Hansen Natural        Mar 2004       2          90 sold half

    IBM                     Jul 2006       75         175

Ameron Intl            Nov 2008       36          85 sold

Cntrl VT Pub Svc     May 2009       16          35

     Information has been gathered from sources deemed to be reliable, however no representations are made as to the accuracy of this information. You are encouraged to do your own research before acting on any recommendation. In any case, we shall not be held liable for losses incurred by any investor.

     e-mail : mike@amanax.com