When it comes to investment theses, my view is the simpler the better. Better because the fewer assumptions I depend on, the lesser the chance I’ve made some fundamental error in calculation or my understanding of the company and its … Continue reading →

Earlier this month, one of the world’s most iconic buildings went public as a REIT. The Empire State Building and several smaller properties totaling 7.68 million rentable square feet were combined to form Empire State Realty Trust, Inc. The ticker … Continue reading →

I’ve run across a company with an unusual amount of potential. Before anyone gets too excited, I mean as much potential for disaster as potential for extraordinary returns. Kinbasha Gaming International is incorporated in Florida, but operates exclusively in Japan. … Continue reading →

Key Tronic Corp. is an electronics manufacturing services (EMS) provider that churns out custom parts and components by the millions. Key Tronic’s capabilities include design, manufacturing, supply chain and logistics functions through its locations in the US, Mexico and China. … Continue reading →

Bank of Utica is an 86-year old institution doing business in upstate New York. The bank operates only a single branch in downtown Utica, yet its balance sheet holds $912 million in assets and $727 million in deposits against $155 … Continue reading →