Thanks. FYI, I don't think CRMZ is a great buy at the moment given the risks mentioned and opportunity cost vs other other things I'm looking at, but I think is something that warrants monitoring. The best way to look at this one, I think, comes from beneficial owner Lawrence Goldstein: "The key to success when investing in this area is patience. It can sometimes take many years for these companies that are overlooked or ignored to be recognized." (https://glacierresearchllc.substack.com/p/review-of-santa-monica-partners-letters) And even then... how many years are we talking here and what's the opportunity cost of that capital in the meantime? I'm not so sold on this company and am waiting to see any inflections in the fundamentals or notable moves/8Ks from the new CEO.
I thoroughly enjoyed the article. Impressive legwork, thanks!
Thanks. FYI, I don't think CRMZ is a great buy at the moment given the risks mentioned and opportunity cost vs other other things I'm looking at, but I think is something that warrants monitoring. The best way to look at this one, I think, comes from beneficial owner Lawrence Goldstein: "The key to success when investing in this area is patience. It can sometimes take many years for these companies that are overlooked or ignored to be recognized." (https://glacierresearchllc.substack.com/p/review-of-santa-monica-partners-letters) And even then... how many years are we talking here and what's the opportunity cost of that capital in the meantime? I'm not so sold on this company and am waiting to see any inflections in the fundamentals or notable moves/8Ks from the new CEO.