David Bastian joins Bobby Kraft of Planet MicroCap to discuss quirky / off the beaten path investing.

David Bastian pitched Children’s Place (PLCE) at the MicroCap Leadership Summit on September 21st, 2023. The MicroCap Leadership Summit can only be attended live by the MicroCapClub Community.

David is interviewed by Brandon Beylo of “Value Hive” to discuss distressed investing, sourcing new ideas, and a few retail stocks.

KCA Co-Founders David Bastian and Michael Cooper, joined SumZero CEO Divya Narendra to discuss The Children’s Place (PLCE) and A-Mark Precious Metals (AMRK).

KCA is excited to learn we were awarded THIRD PLACE in SumZero’s “SMID CAP” stock pitch competition. Click to read our pitch on The Children’s Place (PLCE).

Our Chief Investment Officer, David Bastian, joined Michael Gayed on the “Lead-Lag Report” to discuss investing in small-cap stocks.

Kingdom Capital wishes to congratulate the Board on the new strategic partnership with WHP, and offer suggestions to address the undervaluation of the Company’s stock.

KCA is excited to learn we were awarded FIRST PLACE in “The Investor’s Podcast” stock pitch competition. Click to read our pitch on A-Mark Precious Metals (AMRK).

The Children’s Place is one of many retailers with deteriorating FY22 financial results, holding expensive inventory after a record-breaking FY21. However, its future working capital benefit, flexible lease base, ample liquidity, history of share repurchases, and inventory cost tailwinds set up PLCE for a spectacular reversion to the mean trade.

On December 8th, Express (NYSE:EXPR) announced a Strategic Partnership with WHP Global, which includes a $260M cash investment. This is a transformative deal for Express, repairing their balance sheet and helping grow their IP with an established partner.

Plenty of restaurant stocks have experienced a volatile past two years as impacts from the Covid-19 pandemic work their way through labor markets and the supply chain. Today I want to examine a stock trading near a multi-year low but with surprisingly strong fundamentals.

Kingdom Capital is requesting specific public disclosures from the Polished.com, Inc Board of Directors after the company failed to timely file their second quarter earnings and announced an audit committee investigation.

Our Chief Investment Officer, David Bastian, appeared on Andrew Walker’s “Yet Another Value Podcast” to discuss his thesis on Unit Corporation.

Our research of Soluna Holdings (SLNH) - formerly Mechanical Technologies (MKTY) - identified the stock as a potential value amongst Bitcoin miners. Soluna has numerous advantages compared to peers (low cost green power, non-crypto expansion plans, and others) and has consistently hit our anticipated targets and outperformed their provided guidance in contrast to many mining peers.

We first published research on A-Mark Precious Metals (AMRK) in January of 2020 when the stock was trading under $8 per share. We published this updated research article in February of 2021 after the silver market tightened, dramatically increasing AMRK’s earnings power. The business continues to expand their verticals and solidify their earnings power as the dominant dealer in the North American precious metals space.

Our research of Destination XL (DXLG) was originally published in January 2021 when the stock price was $0.27. The men’s apparel retailer was navigating significant COVID-19 headwinds and delisted from the NASDAQ - a combination which destroyed market sentiment and drove down the stock price, despite strong liquidity and minimal cash burn. We correctly identified the underlying strength of the business, which generated more than six times as much cash in 2021 as its Dec-20 market cap.

United Natural Foods, INC (UNFI) is viewed as a COVID beneficiary, but the turn-around story was already in progress after their messy merger with Supervalu. Covid-19 accelerated their cash generation and debt reduction strategy, and management simultaneously secured a contract extension with Whole Foods, providing a longer runway for investor confidence in the relationship. Even without multiple expansion, the debt paydown has had the expected effect, drastically increasing UNFI’s share price.

During the height of the Covid panic in March 2020, we covered RCM Technologies, a staffing business with healthcare, engineering, and IT segments. A strong working capital position allowed the company to weather the lockdown storm, and subsequent share repurchases and contract wins solidified trust in management.

You will want to check the date on this one! Yes - long before GameStop (GME) began the “meme” stock craze, we were publishing about a misunderstood video game retailer trading for $3.90 per share with more cash than market capitalization. Ryan Cohen then launched a campaign to reinvent the retailer, and the rest is history.