“Financial accounting rules are created by the apolitical FASB to provide information useful to investors. In contrast, tax accounting rules are largely determined by Congress
(The following is an excerpt from the Q3 Small Cap PLUS letter to investors) We view our portfolio as a collection of idiosyncratic, measured bets
Mr. Bassman is an interesting guy with an interesting pedigree. The topic of interest that is shared is the investment implications of changes in Federal
For the final episode of Season 1 of Compounders, Episode 14, we thought it would be valuable to put together our favorite vignettes from the
“We have a generation of central bankers who are defining themselves by their wokeness,” said Mr. Summers, now a professor at Harvard University. “They’re defining
If you peruse this quarter’s 13-F filing from Cove Street, you will see Lionsgate (Ticker: LGF.B) show up as a new holding. On that note,
Our guest on Episode 13 of Compounders was Jeff Bailly, the Chairman and CEO of UFP Technologies (Ticker: UFPT). UFP is a $475 million market
Or so says yet another proposed scheme from our elected officials. This one involves a truly AWFUL scheme—in theory, and in any possible practical application
BlueKnight Energy Partners, LP is a “limited” holding at CoveStreet in that the Limited Partnership Structure limits its inclusion in non-taxable accounts. But it’s a
Our guest on Episode 12 of Compounders was Adam Symson, the CEO of E.W. Scripps*. Scripps is a $1.48 billion market cap company that owns
If it is not clear already, I really enjoy the podcast interview format. That includes being the one asking the questions and being the person
Our guest on Episode 11 of Compounders was Brian Recatto. Brian is the CEO of Heritage-Crystal Clean* (Ticker: HCCI), a $700 million market cap company
Since our HQ is located in the crowded town of Lake Wobegon, this obviously doesn’t apply to the CSC lead PM. The good news is
When Sean Ryan, who runs the Predicting Alpha podcast, reached out to me about being on his show, I wasn’t sure what value I could
Our guest on Episode 10 of Compounders was Jorge Gonzalez, the CEO of The St. Joe Company (NYSE: JOE). St. Joe is a $2.56 billion
If you have followed Cove Street’s podcasts interviews over the last year, Lumen Technologies (Ticker: LUMN) is a company that we have discussed a number
Our guest on Episode 9 of Compounders was Mark Dankberg, the co-founder and Executive Chairman of Viasat. Viasat is a $3.97 billion market cap company
Yes, the good Professor is often widely off the mark as anyone would be when your canvas becomes “the world” vs business models and marketing
Our guest on Episode 8 of Compounders was Alan McKim, the Founder, Chairman, and CEO of Clean Harbors. Clean Harbors is a $5.3 billion market
“First shalt thou take out the Holy Pin. Then shalt thou count to ten, no more, no less. Ten shall be the number thou shalt
Our guest on Episode 7 was Jeff Rosica, the CEO of Avid Technology, a $1.2 billion market cap company that sells software and hardware for
If making “sustainable” shoes is unprofitable but feeds a mission, then Barefoot has to be better and has a materially lower cost supply chain. I
For the first time in the history of the 10-K Club of Southern California, one of our meetings was recorded and shared with the investment
A growing pie, established and leading technology, and a defense business that is worth more than the price of the stock. Rinse, repeat. (Yes we
Our guest on Episode 6 was Mauricio Ramos, the CEO of Millicom. Millicom is a $3.75 billion market cap mobile and broadband company that primarily
When the organizers of the Investor Summit conferences asked me to come up with a panel for their Q3 event, I thought it would be
This was a former holding. We lost a lot of money. Permanently. Among several terrible mistakes – which include the difficulty of properly valuing a
The guest on Episode 5 of the Compounders podcast was Jim Hallett, the former CEO and now Executive Chairman of KAR Auction Services. KAR is
