My Second Venture Venture: Avcorp
This is my second in a series of posts I am writing about smaller Canadian stocks which are either on the Venture exchange or should be, and that I have taken a bit of a bucket approach with. I am buying small positions with the hope of taking advantage of the individual company dynamics as well as the larger theses that the Canadian dollar that will benefit their competitiveness and that there is an improving speculative investment atmosphere for Canadian stocks.
For those of you not very interested in stocks with a market cap in the double digit millions, I apologize. I do not plan to become a penny stock guru, it just seems to be a place where some opportunities lie right now. I did make a couple of tweets over the last week of two larger company’s that I have added in the last couple of weeks; Sherritt International and Nordion. I’ll try to come up with more extensive write-ups on both of these positions at some point, but because they are reasonably large well known entities I felt that the tweets were sufficient explanations of my rationale, whereas these micro names required further delineation. Its worth noting that my positions in Nordion and especially Sherritt are significantly larger than what I am putting into something like Avcorp.
On to Avcorp
Avcorp (AVP) is an interesting little story that I have a small (less than 1%) position in. Before I go too far into it, a word of warning; this is a stock that certainly might not work out and it may just languish at these levels indefinitely. However there is a chance it breaks out to significantly higher levels if the stars align just right, and that’s why I have a position. Read more
Reminiscences of a Stockblogger 