Mid July 2022 Update - $FTG.to, $VMD.to & $VMD
I’ve decided to experiment a bit and send out my updates more frequently as I find that much of the news on the businesses I follow has already been disseminated and the information can be a little stale.
Thoughts on Market Activity
I have noticed that more than ever there is talk of recession and “what to do”. I have previously found this as a reasonable counter indicator, but it could be different now.
The continued break from social media has been more productive for house/garage/gym projects. I managed to set up my central vacuum system as a dust extractor for my woodworking projects. Six months ago I knew absolutely nothing about this and after some reading and YouTube videos I managed to set it up. Though it would have taken a professional 1/10th the time, it’s nice to have something tangible to show for my time.
I am happy with what I own for the most part and continue to search for some new ideas. Most trade at low cash flow multiples and should be larger in a few years than they are today. Feel free to share some ideas of yours with me.
What I’m Reading
Here are some articles I found worth reading over the last two weeks.
Always worth reading Musings on the Markets for a calculated perspective on macro.
Devil’s Advocate is a good follow for energy investors. Hard to believe how much energy costs have risen for Europe.
Neckar posts something really fascinating on the history of Commodities Corporation.
And for those interested in something not finance related, here is something on the importance of writing.
Podcasts I Enjoyed
Vitaliy Katsenelson on Business Brew
Vitaliy has an interesting path and I enjoyed him sharing some of his journey
Futility of Recession Forecasting on This Week of Intelligent Investing
Interesting conversation and reminder that markets are forward lookng
Ian Cassel on Infinite Loops
Ian is always great when discussing microcaps and his journey
Posts
None
Other News
I managed to hit a (very small) personal best on my competition deadlift. 280kg/617lb (yes the weight is calibrated) is not much compared to some of the mutants out there, but I was happy nonetheless.
Company Updates
Firan Technology - $FTG.to
FTG was awarded $7 mil CAD from the government of Canada to enhance productivity and expand offerings
FTG was interviewed by Smallcap Discoveries recently
I think it’s worth a listen
Viemed - $VMD.to
Long - $VMD.to & $VMD
Dean, have you ever looked at Westaim? $WED.V