Paul Andreola: How To Find The Next XPEL

<p>This week our guest is Paul Andreola. He is the publisher of SmallCap Discoveries and full-time microcap investor. Today, we discussed why illiquidity is a benefit, the advantages of being a CEO, his research process, immediate green and red flags, and how to spot the next $XPEL!</p> <ul> <li>[0:00] Introduction: The most difficult parts of micro-cap investing in the last two years.</li> <li>[1:40] Benefit of illiquidity</li> <li>[6:50] Being a CEO</li> <li>[11:00] What was the why for $XPEL?</li> <li>[12:50] How much of a cost burden is staying public?</li> <li>[15:40] Using the CANSLIM method with micro-caps.</li> <li>[23:00] Lessons from investing in Bowflex and Medifast ($MED).</li> <li>[27:33] Cheapies with a chance: Paul’s Process</li> <li>[28:41] Reading 10Ks</li> <li>[31:00] Capturing Inflection Points</li> <li>[35:00] Share Dilution</li> <li>[38:48] Immediate Red Flags</li> <li>[40:40] Immediate Green Flags</li> <li>[44:14] Cenco Tech</li> <li>[50:05] Acceleware</li> <li>[52:14] Inventronics (TSX:IVX)</li> <li>[56:14] PosaBit</li> <li>[59:14] Doing it all over it again</li> <li>[1:02:54] More from Paul and Closing Questions&nbsp;</li> </ul> <p>Finally, a big thanks to the following sponsors for making the podcast a reality.</p> <p>Check out Paul on Twitter <a href="https://twitter.com/PaulAndreola">here </a>and his website <a href="https://smallcapdiscoveries.com/">here.</a></p> <p><strong>Mitimco</strong></p> <p>This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created&nbsp;<a href="https://emergingmanagers.org/" rel="ugc noopener noreferrer" target="_blank">emergingmanagers.org</a>, a website for emerging manager stockpickers.</p> <p>For those looking to start a stock-picking fund or just l