One
my all time favorite small caps is NICK, Nicholas Financial and it's on sale.
I wrote up a posting at my blog (
http://stock-notes.blogspot.com/)
that goes into more detail about it. I'd love to hear some critical
viewpoints as it's a very important position for me. Here is the first
paragraph which I think pretty much summarizes my opinion.
"How much would you pay for a company that's grown same quarter
revenues and earnings for 65 out of it's last 66 quarters? That's
grown EPS from 12 cents per share to $1.08 per share over the last ten
years (23.6% annualized). A quality company with solid financials
built solely through organic growth, (no rollup), with at least
another decade of strong growth ahead in the U.S. market along. I
understand, you're a bargain type guy, and you don't like to overpay
for anything, even your wife's engagement present. So how about if Mr.
Market puts this hot little number on sale, just for a short time, at
a little less than 11 times reported TTM earnings? Not interesting
enough? What if earnings may be substantially understated?"
http://stock-notes.blogspot.com/