EveryNetNet

Alright, it's been a while since the last one. What's your favorite idea at the moment and why? Any geography, any market cap, any style. Please include the ticker and a few sentences on why you like it. I will compile the results and share. Please RT for visibility!

@Jack_Raines @bucketshopcap It’s an interesting dynamic since the implosion made most not look at anything labeled with SPAC. Overlooked.

Just long every 2021 de-SPAC that's down 80%+ but actually managed to generate profits/cash flow. Half of them get bout out by PE at a fat premium (Blackstone acquiring Rover), and half end up outperforming after bottoming out (Hims, Genius Sports, Rocket Lab). This is obviously a bit tongue in cheek, but there was/is a lot of alpha here.

@RocksOver There's a lot of hidden gems. Some of those even never lost money in the past 10YRs except in 2008.

I’ve been digging back into Japan net-nets. It still amazes me how many companies in Japan trading < NCAV are relatively “quality” names - and far from total shitcos. Take construction company Shinnihon ($1879.T). It has compounded tangible book value per share at 17% over the past decade.

Interactive Brokers now allows clients to trade on Bursa Malaysia! Great news! There are 80+ Malaysian net-net stocks in our database! businesswire.com/news/home/2024…

@JarrattDavis Data sources vary from various sources so that’s why I’m hesitant to provide financials in-site. I also think it would kind of be re-inventing the wheel, as there are definitely other sites that do financials data very well already.

@everynetnet This definitely depends on your data source. There are so many unreliable data sets (especially via APIs)

Current users, let us know your thoughts: "On the EveryNetNet website, I'd be more likely or prefer to..." 1: Use a different service or website to learn more about the financials (Yahoo Finance, filings, etc.) 2: View financial information directly within the EveryNetNet site

@BTCStcoksInvest Classic

Other people when you buy a stock at 4x earnings and below NCAV: "Yeah maybe it's cheap but I don't see how you're going to make money" Other people when the stock goes up: "Those kinds of opportunities don't exist anymore"

@antarcticapital Lots of fat dividends from <1x NCAV companies in China. Interesting risk trade offs on those ones.

I am not a fan on China stocks but listen 📢 $CAAS is giving a sweet 20% dividend in a week. You are still on time to get paid for free in a stock trading far below NCAV. Give some love to china and to this tweet 💪

@benbstwits 1x Tangible Book? Too high for me smh.

Found a stock, Growing top and bottom line, at 1x tangible book, PE of 5, With more FCF and net income than EV, Buying back stock, And not Chinese. I need to figure out what's wrong with this idea.

@Canadada5 @CDInewsletter The 2 year limit seems kind of arbitrary but in practice it was pretty effective at eliminating a lot of the “forever net-nets” that had some fundamental issues closing the gap between NCAV and price.

@CDInewsletter Ben Graham had a similar approach with net nets. Sell after 2 years if they haven't reached NCAV.

I thought Philip Fisher's three-year rule is really interesting. It states if a stock underperforms the market for three years, then you automatically sell it -- provided the thesis hasn't changed. Thoughts?

@hurdle_rate Japan governance keeps getting better especially for these below TBV or NCAV businesses since the exchanges (mainly Japan Exchange Group) are pushing them to close the gap. With filing requirements, plan outlines, etc.

@phr6yoVNBd76307 @tsungrow 迷惑をかけるつもりはありませんが、現在どのようにしてネットネット株を検索していますか

@tsungrow 7902ソノコム 大好きグレアム流ネットネット株（優待あり） 今日は配当落ちで暴落してますわ😨

ツンデレ姫のお願い💞 昨日、INPEXのレポを出したの 日本株をもっと知りたいって思ったの… お勧めの銘柄を教えて欲しいの🌟 私、日本株素人なの⤵️ 教えていただい銘柄の中から少しずつ分析する🌟 私が勉強したら、私のviewは全て公開するから✨ みんなのリプ待ってるね✨ #株クラ

@kakugarism 迷惑をかけるつもりはありませんが、現在どのようにしてネットネット株を検索していますか

還元期待乗ってる元ネットネット株は発表なかったらどのぐらい下がるんだろうか

@atelicinvest @oppenheime62198 @AltayCapital Also a shift in capital allocation approach for sure yeah. I’m not sure about Korea but Japan governance was bad for decades. Now, average Japanese governance is probably better than avg. US company governance (i.m.o.).

@everynetnet @oppenheime62198 @AltayCapital Japan's been open to foreigners for decades. Net nets started working like in the last yr. Need more than market opening.

Small/microcaps in the U.S. have so many people "turning over rocks". More alpha in foreign market microcaps. Anyone looking at South Korean small caps? Foreigners can't even access SK stocks easily, which means few are even looking. Some absurdly cheap divy paying net nets there

@3546554377876d 국내에는 NCAV 이하로 가격이 책정된 회사가 100개가 넘는다고 생각합니다. 규제로 인해 투자가 더 쉽게 이루어지기를 바랍니다

NCAV가 초과 성과를 내려면 사모펀드가 들어가서 숨겨놓은 자산들을 매각하고 폭탄 배당하고 회사를 정상화 시키는 일이 있어야 하는데 그게 한국에서는 불가능해서 NCAV성과가 나쁜 것 같음

버려야됨. 최근 10년 동안에는 NCAV 성과가 안 좋음 ㅋㅋ

@oppenheime62198 @atelicinvest @AltayCapital Korea has started some regulatory changes that make it easier for foreigners to invest. There’s a possibility they continue to open up investment due to the demographics issues, etc. There are 100+ net nets just in South Korea exchanges alone.

@atelicinvest @AltayCapital That's my point. How do we know Sindol or other Korean net net stocks actually go up? They can remain undervalued for years.

@ParsaniaAkash @itscharliemar Some of them can be pretty small. If you’re interested everynetnet.com has a full list of global net nets.

@itscharliemar Which is your Mrktcap range you look at to filter your net net stocks?

@kabu1000 🙌🏻

銘柄入れ替えを考える時、私の場合は単純で、『保有する銘柄を時価でも欲しいと思うか』で考えます。 時価で欲しいと思わないなら売却or減らす。欲しいと思うなら保有継続。 これを繰り返すことで基本保有株は時価でも欲しいと思う銘柄だけになって行くので、必然的にフルポジになり、マーケットタイミングなども考える必要がなくなります。結果、売り時買い時など余計な事を考えず、銘柄を選別することに集中出来るようになると思います。

@kabu1000 Looks delicious

ウニ丼にして食べました😊

北海道佐呂間町のふるさと納税きたー😆サロマ湖産バフンウニ600g😊

@BrownMarubozu @HariSeldomRight Any thoughts on what happens when Prem bites the dust? Succession plan, will things change much?

@HariSeldomRight $FFH.TO Fairfax is literally short for Fair and Friendly Acquisitions and they have the same strategy as $BRK using insurance float to add negative cost leverage (most years at least). Plus it trades < 8x EPS and ~1x 2024E BV.

Emerging asset class: Serial acquirers who talk the Buffett talk but don't walk the Buffett walk.

@BuffaloBillCo Yeah that was complete shareholder robbery

Fairly insane how screwed Swedish Match investors got in hindsight. Not many fairly obvious looking compounder stonks out there that could do 25%+ for 5-10 years and they gave this one away for a song... $SWMA $PM