Seeking Alpha

John Leonard, CFA  

I focus on the microcap space (market cap below $250 million) because it is one of the most inefficient and "alpha rich" areas of the global equity market, which provides the greatest opportunity to generate alpha through fundamental research.

I use a bottom up, investment decision making process. The ideal investment has an asymmetric risk/return profile with a limited downside (e.g. high net cash balance, strong cash flow) and significant upside (e.g. asset value extraction, overlooked business model transition).

Microcaps are particularly attractive to the following groups:

Activist investors. A small absolute investment (on a dollar basis) can be leveraged into a relatively large ...More
  • Description: Full-time Investor. Trading frequency: Daily
  • Interests: Bonds, Commodities, Developed International Markets, ETFs, Energy stocks, Forex, Gold, Options, REITs, Stocks - long, Stocks - short, Tech stocks
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Microcap Bargain Hunter The purpose of this blog is to provide activist investors with value added, actionable ideas in the microcap space. Microcaps are perfect for activist investors for two reasons:First, the market is extremely inefficient and therefore offers the best opportunity to generate alpha. Second, a small investment on ...More
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Meadowbrook Insurance Group: Low Relative Valuation With Improving Underwriting Profitability And... $MIG Dec 25, 2014