{"product_id":"the-micro-cap-investor-isbn-9780471478706","title":"The Micro Cap Investor","description":"The Micro Cap Investor\u003cbr\u003e \u003cbr\u003e Learn how today's smartest investors are discovering opportunities--and reaping profits--ahead of the Wall Street pros\u003cbr\u003e \u003cbr\u003e Micro cap stocks are all but ignored by professional investors who can't risk losing their companies' clients--and their own careers--to the sudden volatility and price swings that are common to the micro cap market. But it is just that volatility, plus their proven record for outperforming large cap stocks over the long term, that makes micro caps perfect for independent investors looking for market-beating returns.\u003cbr\u003e \u003cbr\u003e The Micro Cap Investor takes a behind-the-scenes look at this exciting sector to:\u003cbr\u003e * Detail a market-tested process for uncovering and investing in micro caps with the greatest potential to outperform the market\u003cbr\u003e * Reveal the ten key catalysts that take under-the-radar micro caps and propel them into the public spotlight\u003cbr\u003e * Explain how smaller investors can use the \"information advantage\" to actually gain a sizable edge over institutional investors\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e Let The Micro Cap Investor show you how to uncover today's most promising companies, and use the power of micro cap investing to dramatically improve your long-term investment performance. \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Characteristics of Micro Cap 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Nebulous Micro Cap (What Is a Micro Cap Stock?) 1\u003c\/p\u003e \u003cp\u003eThe Micro Cap Dilemma (Why Do They Exist?) 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Information Advantage 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Information Advantage:\u003c\/p\u003e \u003cp\u003eEfficient Market Theory 13\u003c\/p\u003e \u003cp\u003eWeak-Form Efficient Market Theory 15\u003c\/p\u003e \u003cp\u003eSemi-Strong-Form Efficient Market Theory 16\u003c\/p\u003e \u003cp\u003eStrong-Form Efficient Market Theory 16\u003c\/p\u003e \u003cp\u003eThe Random Walk Theory 17\u003c\/p\u003e \u003cp\u003eThe Practical Answer 19\u003c\/p\u003e \u003cp\u003eVenture Capital Theory 21\u003c\/p\u003e \u003cp\u003eThe Public-Private Bridge 22\u003c\/p\u003e \u003cp\u003eConclusion 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Micro Cap Stocks as an Asset Class 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestment Performance: Small versus Large Stocks 25\u003c\/p\u003e \u003cp\u003eA Survey of Modern Portfolio Theory 26\u003c\/p\u003e \u003cp\u003eAsset Allocation and Modern Portfolio Theory 33\u003c\/p\u003e \u003cp\u003eAsset Allocation and Micro Caps 34\u003c\/p\u003e \u003cp\u003eEconomic Linkage 39\u003c\/p\u003e \u003cp\u003eVenture Capital and Private Equity 39\u003c\/p\u003e \u003cp\u003eMicro Cap versus Venture Capital 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Micro Cap Asset Class and Portfolio Construction 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMicro Caps in the Portfolio Asset Allocation 46\u003c\/p\u003e \u003cp\u003eThe Portfolio Contribution of Micro Caps 47\u003c\/p\u003e \u003cp\u003eConclusion 50\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Using the Information Advantage 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMethods to Evaluate Principal Agent Actions 51\u003c\/p\u003e \u003cp\u003eManagement, Management, Management 52\u003c\/p\u003e \u003cp\u003eWho’s Doing What: Insider Information 53\u003c\/p\u003e \u003cp\u003eManagement Style 59\u003c\/p\u003e \u003cp\u003eStrategy and Planning Systems 59\u003c\/p\u003e \u003cp\u003eManagement Changes 61\u003c\/p\u003e \u003cp\u003eManagement Reputation 62\u003c\/p\u003e \u003cp\u003eHow the Company Develops and Promotes Employees 62\u003c\/p\u003e \u003cp\u003eConclusion 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Corporate Governance 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Company’s Social Relationships 67\u003c\/p\u003e \u003cp\u003eInformation Resources 68\u003c\/p\u003e \u003cp\u003eThe Company 69\u003c\/p\u003e \u003cp\u003eCompetitors 70\u003c\/p\u003e \u003cp\u003eCustomers 70\u003c\/p\u003e \u003cp\u003eSuppliers 70\u003c\/p\u003e \u003cp\u003eTrade Associations 71\u003c\/p\u003e \u003cp\u003eIndustry Professionals 71\u003c\/p\u003e \u003cp\u003eLegal Documents 71\u003c\/p\u003e \u003cp\u003ePublic Company Federal Filings 72\u003c\/p\u003e \u003cp\u003eSEC Reports 73\u003c\/p\u003e \u003cp\u003eAnnual Report Form 10-K 74\u003c\/p\u003e \u003cp\u003eQuarterly Report Form 10-Q 77\u003c\/p\u003e \u003cp\u003eMaterial Current Events Form 8-K 77\u003c\/p\u003e \u003cp\u003eNot All Reporting Is Equal 78\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Micro Cap Stocks and the U.S. Domestic Economy 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Micro Cap Stocks Appear Cheap Relative to Large Stocks 82\u003c\/p\u003e \u003cp\u003eFundamental Valuation Techniques for Micro Cap Stocks 89\u003c\/p\u003e \u003cp\u003eBasic Financial Analysis of Micro Cap Companies 90\u003c\/p\u003e \u003cp\u003ePrice-to-Book Ratio 91\u003c\/p\u003e \u003cp\u003ePrice–to–Free Cash Flow Ratio 92\u003c\/p\u003e \u003cp\u003eLow Price-to-Earnings Ratio 93\u003c\/p\u003e \u003cp\u003eConclusion 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Micro Cap Case Study: A Company with All the Indicators 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSmart-Money Owners 96\u003c\/p\u003e \u003cp\u003eCheap Valuation 96\u003c\/p\u003e \u003cp\u003eSkin in the Game 98\u003c\/p\u003e \u003cp\u003eThe Transaction 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Consolidating Industry Case Study 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study of Suiza Foods 108\u003c\/p\u003e \u003cp\u003eOther Opportunities 116\u003c\/p\u003e \u003cp\u003eChapter 10 Gehl Company Case Study 133\u003c\/p\u003e \u003cp\u003eChapter 11 Pozen Company Case Study 147\u003c\/p\u003e \u003cp\u003eChapter 12 Private Investments in Public Equities (PIPEs) 155\u003c\/p\u003e \u003cp\u003eTracking PIPE Transactions 159\u003c\/p\u003e \u003cp\u003eA Brief Case Study of a PIPE Transaction: Ptek Holdings 161\u003c\/p\u003e \u003cp\u003eChapter 13 A Framework for Investor Action 167\u003c\/p\u003e \u003cp\u003eChapter 14 Micro Cap Fund Investing 173\u003c\/p\u003e \u003cp\u003eIndex 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003eRICHARD IMPERIALE\u003c\/b\u003e is President and founder of Forward Uniplan Advisors, a Milwaukee,Wisconsin–based investment advisory holding company. Forward Uniplan and its affiliates manage and advise over $300 million in client accounts. Forward Uniplan specializes in providing clients with consistently superior risk-adjusted returns managing equity, REIT, and micro cap specialty portfolios.\u003c\/p\u003e  \u003cp\u003eAre you looking to trade a little security and stability for the opportunity to get in early on the next Microsoft? Study after study reveals that investing in micro cap stocks has generated greater long-term returns than investing in blue chips. Yet because micro caps are by nature more volatile than their blue-chip counterparts, and often trade out of the public eye on the OTC “Pink Sheets,” they are shunned by investment bankers and conservative buy-and-hold investors.\u003c\/p\u003e \u003cp\u003eAll of this makes the uncharted micro cap wilderness one of the last classic profit opportunities for independent investors. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Micro Cap Investor \u003c\/i\u003egives you everything you need to know to carve out sizable positions in small, yet-to-be-discovered companies, and gain a huge advantage over mainstream analysts accustomed to focusing only on the “General Electrics” of the world. Outlining a detailed investment strategy designed—and proven—to work best in turbulent markets, this results-driven book will show you how to: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eAccess little-known, but valuable resources to uncover and research potential micro cap investments\u003c\/li\u003e \u003cli\u003eAdapt fundamental valuation techniques and financial analysis tools to see which micro caps are poised to move up\u003c\/li\u003e \u003cli\u003eUse micro cap stocks to provide a valuable portfolio hedge against the general trends of the market\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eMicro cap stocks are the classic Catch-22. Because of their small size and relative anonymity, they usually fly under the radar of investment bankers and professional traders. However, these same factors make micro caps ideal for investors looking to leverage limited investment dollars into substantial profits. Let \u003ci\u003eThe Micro Cap Investor\u003c\/i\u003e show you how to exploit the information advantage embedded in micro caps, uncover stocks that stand poised to become “ten-baggers,” and make micro cap investing an integral and profitable component of your overall investment strategy.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990288253157,"sku":"NP9780471478706","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471478706.jpg?v=1761787214","url":"https:\/\/k12savings.com\/es\/products\/the-micro-cap-investor-isbn-9780471478706","provider":"K12savings","version":"1.0","type":"link"}