The Intelligent Investing Podcast

#110: IKONICS Corporation (IKNX); David Flood


Listen Later

Subscribe

If you like The Intelligent Investing Podcast, please consider subscribing on:

  • Apple Podcasts
  • Stitcher
  • TuneIn
  • Spotify
  • Podbean
  • iHeart Radio
  • YouTube
  •  

    Background

    David found this stock by screening for the smallest listed companies in the United States. He doesn't bother screening on any value metrics, just lowest market cap company he can find. No mining, financials, crypto or cannabis. 

    Summary

    Founded back in 1952. HQ in Duluth, MN. Make emulsions and films in printing. Make different types of glass and etching equipment. Sound deadening equipment. Chemicals and materials.

    7m market cap. 1m shares floated. Management owns 30%. 17m Revenue. Loss of 800k. A few bad years, then good thing happens. Sell off legacy business, start a new business. Ebbs and flows over time.

    Insiders Buying

    CEO, COO, and Directors have all been buying

     

    Valuation

    Trades at half of book value. At some point there could be good news and a stock pop. Part of David Flood's basket of these low market cap stocks that have been left for dead.

     

    About David Flood

    David runs the blog, Elementary Value, and is a private value investor based in the UK. His investing approach is grounded in the fundamental precepts of value investing based upon Ben Graham’s core concepts of ‘Intrinsic Value’ and ‘Margin of Safety’. His investment strategy involves looking at both ‘Deep Value and ‘Franchise Value’ situations and using the value investing framework to analyze the financial and corporate facets of a given prospective investment.

     

    Staying In Touch With David Flood
    • Twitter
  • Blog
  •  

    Staying In Touch With Eric Schleien
    • Facebook
  • YouTube
  • LinkedIn
  • Twitter
  • Instagram
  • GSCM
  • ...more
    View all episodesView all episodes
    Download on the App Store

    The Intelligent Investing PodcastBy Eric Schleien

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    96 ratings


    More shows like The Intelligent Investing Podcast

    View all
    WEALTHTRACK by Consuelo Mack

    WEALTHTRACK

    271 Listeners

    Odd Lots by Bloomberg

    Odd Lots

    1,866 Listeners

    Insights Now by Dr. David Kelly and Gabriela Santos, J.P. Morgan Asset Management

    Insights Now

    94 Listeners

    The Meb Faber Show - Better Investing by The Idea Farm

    The Meb Faber Show - Better Investing

    933 Listeners

    Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

    Capital Allocators – Inside the Institutional Investment Industry

    792 Listeners

    Focused Compounding by Andrew Kuhn and Geoff Gannon

    Focused Compounding

    276 Listeners

    Chit Chat Stocks by Chit Chat Stocks

    Chit Chat Stocks

    195 Listeners

    The Acquirers Podcast by Tobias Carlisle

    The Acquirers Podcast

    300 Listeners

    Value Investing with Legends by Columbia Business School

    Value Investing with Legends

    210 Listeners

    Excess Returns by Excess Returns

    Excess Returns

    82 Listeners

    Yet Another Value Podcast by Andrew Walker

    Yet Another Value Podcast

    110 Listeners

    The Business Brew by Bill Brewster

    The Business Brew

    249 Listeners

    The Big Take by Bloomberg

    The Big Take

    156 Listeners

    Behind the Balance Sheet by Stephen Clapham's Podcast on Value Investing | Stockmarket Analysis | Equities

    Behind the Balance Sheet

    44 Listeners

    The Julia La Roche Show by Julia La Roche

    The Julia La Roche Show

    59 Listeners