Archive - Lemon Cakes Investing

($LB) LandBridge: An exchange trading floor of the Delaware basin

My 2 cents on LB's 273,000 surface acres and their H2O to I/O aspirations

Mar 6 •

December 2024

Portfolio review 2024, annual

********** UPDATE 20241231: Updated portfolio performance charts to include the final days of 2024. **********

Dec 31, 2024 •

($PMD) Psychemedics Corp: Hair today, sold tomorrow

...well, eventually... probably. Quick idea to ride along a going-private bet-the-jockey investment.

Dec 2, 2024 •

October 2024

($GEO) Geo Group: Trump admin thriver, durable under Democrats

Quick idea commentary on an obvious Trump admin beneficiary that might not do too badly under a Democrat admin either

Oct 19, 2024 •

July 2024

Portfolio review 20240704, semi-annual

… The S&P Global index construction methodology buckets $1bn-$6.7bn as “smallcap” and $6.7bn-$18bn as “midcap” (see…

Jul 7, 2024 •

April 2024

($SLGD/$SLGDD) Scott's Liquid Gold / Horizon Kinetics LLC: Not every reverse merger that glitters is gold

Analyzing the spread between SLGD's current discount to the reverse merger's planned "IPO" price

Apr 5, 2024 •

February 2024

($FNV) Franco-Nevada Corporation: Gold royalty royalty in temporary turmoil

********** UPDATE 20240308: FNV just released their 2023Q4 numbers…

Feb 2, 2024 •

January 2024

Portfolio review 2023, annual

Jan 3, 2024 •

December 2023

($MKTX) MarketAxess: Quick thoughts on HK's croupiers, sea change, and MarketAxess

Some random commentary on a beaten down, asset-light, "sea change" beneficiary

Dec 27, 2023 •

October 2023

($CRMZ) CreditRiskMonitor.com: Commentary

Niche, asset-light, economic anxiety beneficiary microcap set to inflect on continued deglobalization and tightening credit supply

Oct 17, 2023 •

August 2023

($FRMO) FRMO Corp: The 2022 Crypto Winter and FRMO's vertically modular crypto conglomerate

If you're going to be outside the system, be outside the system

Aug 4, 2023 •

July 2023

Portfolio Review 2023063, semi-annual

Is that my portfolio or is that the MSCI Small Cap index? Yes.

Jul 11, 2023 •

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