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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (59754)	8/17/2017 6:35:49 PM
From: Lazarus	Respond to of 78740

Paul, I thought I mentioned that SYTE here years ago... perhaps not. As you can see from this post I was a buyer at a penny 6 years ago. I think I sold at around 5 cents. It was quite awhile back. I'll take a look at it again though, as well as the others you mentioned.

To: Paul Senior who wrote (59754)	8/17/2017 6:42:51 PM
From: E_K_S	1 Recommendation Recommended By bruwin Read Replies (3) \| Respond to of 78740

Re: A Penny Stock that built value - Armanino Foods of Distinction, Inc. (AMNF) my 7 year hold since 2010 This was one I started buying in 10/27/2010 based on Lazarus review. He brought it to this board and I was skeptical but after reviewing their history (I think over 10 years in business before my first Buy). During that time they always paid a dividend too. This is/was and continues to be a family run business. I own 10,500 shares w/ an avg cost of $0.68/share. Only a 3 bagger but for me it's the 3.6% dividend which makes up my largest position in my Ag/Food basket. It's still undervalued simply because these small cap stocks get over looked by other investors and typically are thinly traded and it's difficult to trade in size. 7 years and i still like the company, their management and quarter over quarter performance. YoY growth is consistent too and management has always paid their dividend. I have peeled off maybe 20% of my high cost shares over the years but in hindsight, should have just held. USNU may be another one of these diamonds in the rough, but I have yet to step up and buy shares in size but have read their 10Q and 10K's now for over 18 months. They even weathered a flood that took out one of their facilities and still managed to keep the company profitable/BV positive over the long term (they did have insurance from that weather disaster). Good Investing and hunting for that multi-bagger penny stock. EKS

To: Paul Senior who wrote (59754)	8/18/2017 1:25:20 AM
From: Jurgis Bekepuris	1 Recommendation Recommended By Spekulatius Read Replies (2) \| Respond to of 78740

SYTE management are people from CoBF who took it over from the "bad guys" who ran it before and did a lot of very questionable stuff ( renting office from CEOs mom for exorbitant amounts, etc. ). However, the "good guys" then did a huge dilution selling the stock in private placement to their friends at 1x book while stock was trading at ~2x book on the exchange. Yeah, screw the minority shareholders, you're not inside, you're outside. The stock is still trading at ~2x book while company is engaged into 5 (6?) different businesses (legacy ISP, legacy RE, new HVAC rollup, new investment/asset management, new platform for hedge funds, new hedge fund itself)... This is 25M market cap company - way to go for multiple business lines! Ah, yeah, BTW, these business lines are projects for the management friends hedge fund managers who are really the best. Otherwise they would not be management friends. I know that I won't persuade you not to invest, but really caveat emptor and maybe size accordingly. At least read the CoBF thread about the machinations of the management. And... yeah, CEO & people running their investment business post there too in case you want to hear their beautiful side of the story. Obviously, this is going to be next Berkshire and you gonna kill me for dissuading you from getting on the ground floor...