UNIVERSE OF MICRO-CAPITALIZATION PUBLIC COMPANIES

There are literally thousands of companies with market capitalization between $25 million and $500 million, which are our primary focus. Companies below that size range typically are under-developed or in other ways do not fit our investment approach. Companies above that size range tend to garner more attention from the investor community and may not have the strong value proposition we seek.

To illustrate the advantage we have in that segment of the market, see the nearby pie charts. Micro-cap stocks, per our definition, account for roughly two-thirds of all the publicly-traded companies. Yet, when tallied according to their market capitalization these firms only amount to 3% of the value of the U.S. public stock markets. As a result, these companies are largely ignored and often trade at valuations significantly lower than their inherent economic value.

Micro-Caps at a Glance

Pie Chart

Over 2/3 of the number
of U.S. public companies

Pie Chart

Less than 5% of the value
of U.S. public companies