Looks like we may have a new investor. I wonder if Sheldon's shares went to Murdock?
Murdock Opportunity Fund
http://www.murdockcapital.com/pages/load_modu...cpoppfunda
The Fund will focus on publicly traded micro, small and mid cap stocks that have tended to under-perform the market for a variety of reasons. Many small and micro cap stocks tend to have limited research coverage by the major investment houses; as a result these stocks tend to be overlooked by institutional investors. Additionally the size of the float and the price of a company’s stock can also be a deterrent to the institutional investor. The Fund will produce its own proprietary analysis of a targeted company. The Fund will search for companies that have significant cash flow potential versus their industry, with more than 20 percent of the stock held by management in control positions and an annualized growth rate of 15 to 20 percent plus. The Fund will also seek companies that can finance further growth through earnings or through adding a moderate amount of debt or equity that does not significantly affect the company’s return on investment.
The Fund’s approach will be driven by opportunistic and event driven information which in our opinion has not been fully digested by the market. Consequently, it may not be reflected in the market valuation of the investments it makes and the stocks it buys. These events will be classified by: (1) the fundamentals of the company and (2) issues pertaining to the company’s stock price and direction focusing on the company’s stock’s behavior and relative movement and magnitude, and the factors determining the size and timing of those movements.
Management
It will be of maximum importance to the Fund that the management of a selected company possesses the following characteristics: The company must have a strong management team in place with a shared sense of entrepreneurship. The key people must also possess a successful track record that can be verified and their expertise should be industry related. In micro-cap companies we will also look for high insider ownership, as this tends to have a high correlation with the development of shareholder value. In times of impending crisis or economic downturn all equity partners need to be confident that each party will behave in an openly consultative, rational and intelligent manner. Developing strong principal-to-principal contacts will enable the Fund to encourage company management and significant equity partners to work together in this manner and establish critical trust in the company.
Murdock Opportunity Fund
http://www.murdockcapital.com/pages/load_modu...cpoppfunda
The Fund will focus on publicly traded micro, small and mid cap stocks that have tended to under-perform the market for a variety of reasons. Many small and micro cap stocks tend to have limited research coverage by the major investment houses; as a result these stocks tend to be overlooked by institutional investors. Additionally the size of the float and the price of a company’s stock can also be a deterrent to the institutional investor. The Fund will produce its own proprietary analysis of a targeted company. The Fund will search for companies that have significant cash flow potential versus their industry, with more than 20 percent of the stock held by management in control positions and an annualized growth rate of 15 to 20 percent plus. The Fund will also seek companies that can finance further growth through earnings or through adding a moderate amount of debt or equity that does not significantly affect the company’s return on investment.
The Fund’s approach will be driven by opportunistic and event driven information which in our opinion has not been fully digested by the market. Consequently, it may not be reflected in the market valuation of the investments it makes and the stocks it buys. These events will be classified by: (1) the fundamentals of the company and (2) issues pertaining to the company’s stock price and direction focusing on the company’s stock’s behavior and relative movement and magnitude, and the factors determining the size and timing of those movements.
Management
It will be of maximum importance to the Fund that the management of a selected company possesses the following characteristics: The company must have a strong management team in place with a shared sense of entrepreneurship. The key people must also possess a successful track record that can be verified and their expertise should be industry related. In micro-cap companies we will also look for high insider ownership, as this tends to have a high correlation with the development of shareholder value. In times of impending crisis or economic downturn all equity partners need to be confident that each party will behave in an openly consultative, rational and intelligent manner. Developing strong principal-to-principal contacts will enable the Fund to encourage company management and significant equity partners to work together in this manner and establish critical trust in the company.
