Author Topic: Any advice on getting into Value investors club and microcap club  (Read 2616 times)

cherzeca

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Re: Any advice on getting into Value investors club and microcap club
« Reply #10 on: October 04, 2018, 03:19:36 PM »
don't forget that you have to do 2 write-ups a year to stay in.  that was my problem, after a couple of years I ran dry of pitches that I was interested enough in to write up. 

to repeat some of what was said, identifying a near term catalyst is a big plus.  also there is a lot of microcap write-ups on VIC which I am guessing VIC is trying to deemphasize so that won't help you if that is what your next pitch is.


given2invest

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Re: Any advice on getting into Value investors club and microcap club
« Reply #11 on: October 04, 2018, 04:03:46 PM »
Sub $100M market cap is too small.  I'd think sweet spot $100M to 2B.  Key is to have some sort of differentiated view/info and not just "it's cheap".  If it reads like a sell side research report I doubt they will be impressed. 

For instance, maybe there is a division that's crushing it, worth more than the EV, but it's being masked by the rest of the shitty business? 

In reality, I'm sure they just reject most applicants these days.  I wouldn't take it personally.  Keep on trying.

bci23

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Re: Any advice on getting into Value investors club and microcap club
« Reply #12 on: October 04, 2018, 07:33:27 PM »
The strategy to get into microcapclub is pretty simple imo. Bring some unique research to demonstrate that you have put more effort than just summarizing publicly available information. The most obvious example would be insights, stories, or other tidbits learned from discussions with the CEO/CFO that give glimpses into what is going on at the company that might not be obvious from just reading the filings. Add a personal touch to the write up, it seems to be received well. Macro and industry projections/forecasts and TAM arguments are normally not received that well. I've never applied to VIC as I don't see the point/benefit of being a member there, way too much junk. Its also more focused on large cap names which don't interest me when I play mostly in Nanocap/Microcap names.
« Last Edit: October 04, 2018, 07:35:46 PM by bci23 »

SnarkyPuppy

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Re: Any advice on getting into Value investors club and microcap club
« Reply #13 on: October 05, 2018, 08:13:56 AM »
VIC is an incredible resource - I find those that haven't gotten in are just justifying reasons.  Sure your name doubled - does it seem reasonable that they are only going to filter and select companies that double in a year? 

I got in with a sub $50mm market cap in the past year.   It's doable - it just takes time and dedication.  I had submitted a few ideas prior that were rejected - one was a 3x and one was +35% in a year.   Instead of complaining I kept submitting ideas and got in. 

Sorry for being terse but I would encourage you to spend time trying to get in if it's something you're interested in. Don't listen to other people.   
« Last Edit: October 05, 2018, 08:16:47 AM by SnarkyPuppy »

muscleman

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Re: Any advice on getting into Value investors club and microcap club
« Reply #14 on: October 05, 2018, 09:14:55 AM »
I've tried VIC twice and have given up since then.
I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.

With that said, I also would like to know the combined average performance of all VIC articles. If the combined performance is not significantly beating the market, then the chances are low for an individual to read through those pitches and pick ones that outperform the market. If he can, then he doesn't need VIC. If he can't, then he also doesn't need VIC.

SnarkyPuppy

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Re: Any advice on getting into Value investors club and microcap club
« Reply #15 on: October 05, 2018, 10:47:13 AM »
I've tried VIC twice and have given up since then.
I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.

With that said, I also would like to know the combined average performance of all VIC articles. If the combined performance is not significantly beating the market, then the chances are low for an individual to read through those pitches and pick ones that outperform the market. If he can, then he doesn't need VIC. If he can't, then he also doesn't need VIC.

Wouldn't this same logic apply to cobf?   VIC can be used as a source for ideas just like anything else.   I've found the comments, message boards, network to be immensely valuable.   

bci23

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Re: Any advice on getting into Value investors club and microcap club
« Reply #16 on: October 05, 2018, 10:48:52 AM »

I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.


+1

notorious546

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Re: Any advice on getting into Value investors club and microcap club
« Reply #17 on: October 05, 2018, 11:17:36 AM »
Some of the discussions seem pretty good and could be worthwhile to get in to see those properly

Gregmal

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Re: Any advice on getting into Value investors club and microcap club
« Reply #18 on: October 05, 2018, 11:24:06 AM »
VIC is a great resource and the discussions are IMO more valuable than the write ups. You have other incredibly bright minds that can all interpret new data on the fly and give you a pretty well rounded idea of were "the market" consensus is.

Honestly never heard or used the other site.

KJP

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Re: Any advice on getting into Value investors club and microcap club
« Reply #19 on: October 05, 2018, 12:51:58 PM »
I've tried VIC twice and have given up since then.
I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.

With that said, I also would like to know the combined average performance of all VIC articles. If the combined performance is not significantly beating the market, then the chances are low for an individual to read through those pitches and pick ones that outperform the market. If he can, then he doesn't need VIC. If he can't, then he also doesn't need VIC.

Wouldn't this same logic apply to cobf?   VIC can be used as a source for ideas just like anything else.   I've found the comments, message boards, network to be immensely valuable.

I agree.  CoBF, blogs, VIC, etc. are places to start, and sometimes good comments/discussions can correct errors in your thinking and point out risks you may have overlooked.