support.com (NASDAQ:SPRT)

  Code:                           NASDAQCM.SPRT Market cap:               $50m Enterprise value:     $0   Thesis Support.com is a very average business that provides technical support for customers of Comcast, Office Depot etc. that has been losing money for years. The reason I think it’s interesting is because it currently has a market cap of ~$50m and net cash on … Continue reading support.com (NASDAQ:SPRT)

AFH Financial (AIM:AFHP)

AFH Financial Investment Thesis Nov-17 Market Data Ticker:                     AIM.AFHP Market cap:             £94m (post raise) Enterprise value:     £73m (excluding net cash adjusted for regulatory capital)   Event AFH raised £17.5m via an institutional placement to accelerate their growth trajectory. Based on the increasing deal size, combined with managements ambitious growth aspirations, we believe they will … Continue reading AFH Financial (AIM:AFHP)

sometimes all you have to do is pick up the $20 note

There is an old economics joke that tells the story of a Finance Professor and his student walking down the street together: The student looks down and sees a $20 bill on the street and says, “Hey, look a twenty-dollar bill!” Without even looking, his older and wiser Professor replies, “Nonsense. If there had been … Continue reading sometimes all you have to do is pick up the $20 note