Category Archives: News

A Dream Pick for A Value Investor…If You Don’t Care About Liquidity

During the summer, I noted that the most efficient bitcoin miners were profitable with bitcoin below $7000 and that nobody would care. I was right. Cryptostar (CSTR-TSXv) commenced trading early this week on the TSX Venture Exchange. It closed at today at six cents. With 208 million shares out, that gives the company a market cap of $12.5 million… Read More »

Would You Invest in A Company Trading Close to Cash?

If you don’t believe that the market has soured on bitcoin public miners, have a look at FortressBlockchain (FORT-TSXV). Trading close to cash value with revenue and positive cash flow. Any investor has to look at a company trading close to cash, if only to figure out what’s wrong with it.Total revenue for the quarter was $1.35 million CAD. EBITA… Read More »

Why I Bought this Stock Three Months Ago: 30% Gain So Far

I first wrote about MOGO last May 29th when the stock was trading at $3.40, and was the first stock I have ever written about where I bought it as a table-pounding buy. It has a nice tight share structure (i.e. few shares outstanding) and a business model that touched crypto but was not entirely dependent on it. It closed… Read More »

How is this Company Worth $15 Billion

Bitmain, the dominant supplier of mining rigs in the world, is planning to go public in late 2018 or early 2019 on the Hong Kong stock exchange. At present it is seeking a $1 US billion pre-IPO financing. This is not wishful thinking by Bitmain’s management team. They just completed a Series B funding of US$300-400 million headed… Read More »