Tiny Stock Ninja

Highly concentrated microcap investor focused on profitable, US-listed microcaps run by management teams with skin in the game.

[Tiny Stock Ninja @tinystockninja]

The @PlanetMicroCap / @MicroCapClub conference in Vegas was unbelievable - great idea generation and networking. Huge thanks to @BobbyKKraft and @iancassel for putting on the best event in microcap investing.

[Tiny Stock Ninja @tinystockninja]

@dolores_capital I think $PETS is shitting themselves. Wouldn't know though, IR never got back to me. https://t.co/1wMeETD5nL

[Tiny Stock Ninja @tinystockninja]

$PETS - Profiled a month ago and sold earlier this week. After another quarter, I believe the turnaround going to be much harder and longer than originally thought. Never my intention to profile something and sell it a month later so I want to be transparent.
Link in bio.

[Tiny Stock Ninja @tinystockninja]

@InvestSpecial @pernasresearch @acidinvestments @jefke00 @TrailRockCap @ArbStocktipster @saltadogato Thank you!

[Tiny Stock Ninja @tinystockninja]

@InvestSpecial @ToffCap @ideahive @ragingbullcap @david_katunaric @augustusville Thanks @InvestSpecial! I’ve become a big fan of @david_katunaric lately - lots of amazing stuff on his substack. Definitely worth checking out

[Tiny Stock Ninja @tinystockninja]

@DMetropolitan Looking forward to reading it!

[Tiny Stock Ninja @tinystockninja]

@bullsbayretail I agree. This was really more that I think the market overreacted to Q2 and I think Q3 and Q4 might optically be worse even if the business improves. I’m small, I can afford to nimble. I’m still keeping tabs on them

[Tiny Stock Ninja @tinystockninja]

Hopefully a new way to help you search for ideas - with examples! $SAL.L $TSTL.L $TST.L
Link in bio.

[Tiny Stock Ninja @tinystockninja]

@bullsbayretail @paulcerro Thanks! There will be more clarity on if the turnaround will be successful after they report on 11/6. It’s historically a very profitable business, all that needs to happen is refocusing on the core biz.

[Tiny Stock Ninja @tinystockninja]

@SK32557411 If I can get more than one share I might do a short post about it

[Tiny Stock Ninja @tinystockninja]

I love how inefficient the AIM is. I don��t love getting 1 share of my order filled (less than £1) and paying £3 of fees on it.

[Tiny Stock Ninja @tinystockninja]

@joinyellowbrick @value_invest12 @yesandnotyes @RuerdHeeg @Aksel465 @BigBullCap @StockMarketNerd Thanks!

[Tiny Stock Ninja @tinystockninja]

@Fenmagne Based on your profile, it’s pretty clear you like large cap value stocks. That’s great. A turnaround in a microcap might not be for you.

[Tiny Stock Ninja @tinystockninja]

$PETS - new write-up. Hopefully catching a turnaround under new management very early. Link in bio.

[Tiny Stock Ninja @tinystockninja]

@Fenmagne I pretty extensively covered how competitive this industry is in the write up. They didn’t lose $10M last quarter. GAAP net income was $3.5M. CFO was ($8500). Which include SBC reversal and huge WC changes in APs.

[Tiny Stock Ninja @tinystockninja]

@ValdivianCap Thanks. I can’t guess acquirers, that’s too hard. But when run well, they are a cash generating pet pharmacy with 2 million customers and 28 years of data. That’s gotta have value to someone.

[Tiny Stock Ninja @tinystockninja]

@Fenmagne I guess I’m confused why you think they’ll run out of cash? When run correctly, this is a cash generative business.

[Tiny Stock Ninja @tinystockninja]

@ToSt_1989 @nevergr33dy @finance_schmidt @SebKrog I actually agree with you. I think 1-3 more quarters to show progress would de-risk this a lot. My goal was to share something early.

[Tiny Stock Ninja @tinystockninja]

@Jave_t23 Thanks!

[Tiny Stock Ninja @tinystockninja]

@ToSt_1989 @SebKrog @nevergr33dy I'm not getting too hung up on valuation in a turnaround. Before the bad CEO, EBITDA margins were in the 10-19% range. Give them 10% margins on a $270M revenue base - $27M EBITDA. Say a 6X multiple for competition/microcap/etc - still around 100% upside.