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OTC Newsletter - Interview With Dan Schum

Sep. 19, 2017 11:38 AM ETINFU8 Comments
Jan Svenda profile picture
Jan Svenda


  • Below you can read another interview that was conducted for my OTC newsletter.
  • Dan Schum is an OTC investor who regularly shares his ideas on his blog, nonamestocks.com, where he has showcased many great investment ideas.
  • We talk about his beginnings, peculiar investing strategy (which includes a bit of charting) and why exposure to OTC makes sense in many cases.
  • This is an excerpt and does not include all questions such as Dan's favorite idea or the three stocks he learned most from.

Dear subscribers,

I am happy to present the promised interview with Dan Schum, an investor and blogger who focuses almost exclusively on stocks below $50 million market cap with a significant amount of his portfolio consisting of stocks below $5 million in market cap. This obviously makes him a frequent OTC investor. His portfolio has so far produced great returns and his picks can provide an interesting look into the OTC world. I hope you will enjoy the below discussion as much as I did.

As per usual to open the discussion, how did you find yourself analyzing stocks and investing?

I was working for a startup company in LA when the money ran out in January 2013. One day we came into work to an all staff meeting, the CEO said sorry the money has run out and you're all on permanent furlough. Luckily I had seen the writing on the wall and already interviewed, so we moved down to San Diego a few weeks later for a new job. That experience really hammered home how dependent my family is on my income and I decided it was time to see what else I can do financially to become more secure. I was 33 at the time.

I am an engineer without any formal financial training other than one Economics class in college. I come from an upper middle-class background and got a good job out of college. I had never worried much about money and my Catholic upbringing sort of laid shame to all things money and greed. So prior to this I had no knowledge of the stock market though I did own some mutual funds through a 401k and IRA.

I started reading in January 2013. My wife had got me a streaming audio books subscription for

This article was written by

Jan Svenda profile picture
I am an investor and analyst focused on two fields. Deep value in the Over-The-Counter (OTC) space and short-selling on the listed markets. The first focus has involved me running my own newsletter for the past two years. Compiled database of research and stocks can be found on my website - https://jansvenda.com/. I am now working on various special situations within the OTC space. The short-selling focus is for now confined to my own research and weekly analysis of Short ideas for Seeking Alpha PRO+ community. From time to time I also contribute to Safety in Value's marketplace 'Microcap Review'.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (8)

Ohad Gazit profile picture
Thank you, a good read
Ace24mn profile picture
Great interview. I have emailed Dan a number of times about some of his stocks and always get a reply. I own about 6 or 7 of his picks and love the strategy. I was a broker in Mpls. and investing off the local over the counter listing was a way of life. I am curious if Dan's mentor is also in Mpls. Again, thanks for article and the exposure to seldom looked into companies.

NoNameStocks profile picture
Best interview I've ever seen :)
Mbk85 profile picture
Very interesting, thank you!
Jan Svenda profile picture
Glad you liked it!
Silky Oak Capital profile picture
nice interview
SDS (Seductive Dividend Stocks) profile picture
A bit offtopic: There can investors find free and reliable information about dividends paid by companies (esp. non-US) traded OTC?
Jan Svenda profile picture

To be completely precise, it would be the official documents released by the companies. Dividend payers will have their financials audited and they will state it there. There might be some websites that try to aggregate the data (OTCmarkets.com, for example, has dividend information) but these can be erroneous. The mentioned OTCmarkets.com sometimes have wrong data about outstanding shares etc. which can distort the dividend data.
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