I will lower subscription price by 80%
Instead of ceasing to write alltogether
I said I would stop the paywall for this blog completely, but it is still a bit awkward and I do want to keep writing but with a lower level of obligation. So I have decided to just lower the price by a lot instead (not sure why I didn’t really consider this option in the first place). I think € 70/year and €20/month seems about right. This way I don’t feel obligated, but I will be able to share the occasional stock that hopefully tends to outperform. And it will act as a filter to keep the unpaid rabble out ;). I might not write for months and then suddenly write up 3-4 stocks at once (have a free new stock below).
The fact that I charge a 80% lower price does not mean I will put in 80% less effort though, just means I take a more relaxed approach without feeling I am ripping off my subscribers :) .
Now annoyingly if you are currently subbed you will have to unsubscribe and resub to get the lower price as it will just auto renew at the previous higher price!
Note: DO NOT RESUBSCRIBE RIGHT AWAY! Substack will activate it right away and you will pay double (unless that is what you want ofcourse). Just resub after the current sub expires. When signing up (when your current sub runs off) make sure to sign up on the web as the app store takes another 30% on top of 10% to Substack.
I provided instructions below on how to cancel (If you don’t cancel it will auto renew on the old price):
On bottom left go to settings
Click on Turtlesresearch (under header Publications)
Go down to Account Actions
Click “to cancel your paid subscription”
My track record has been a bit mixed in the past year. I have had a bunch of winners but also more losers. But I think my hit rate is still above 50%.Currently I’m looking at Korean and Malaysian stocks, since both now seem to be tradeable on Interactive Brokers. And outside of the big 2, Korean stocks look surprisingly cheap. I’m also eyeing another UK software stock, although I haven’t decided yet on that one.
Quick update on current stocks. Dumped my Radcom (RDCM) as that was one ugly quarter. Should have followed my gut and stayed out, but got back in due to board reshuffle as I figured they might do something with the large net cash position. Luckily it was a small position.
Closing Conrad (CNRD) here. Due to the erratic and random nature of Trump I think there might be a chance the Jones act is reformed in some way. There was talk of this happening a few months ago, and now at $30 I dont think the stock is that attractive anymore to hold out for a buyout.
Got a new position in High Templar (HTT), a Chinese cash box trading at about 25% net cash that has bought back more than 50% of its own shares in the past 5 or so years. I think with these aggressive buybacks it should trade at around 30-50% net cash. Now sits at the bottom of that range. They exited their failed last mile delivery business and have announced they will enter the AI business (as they repurchased about 25% of shares outstanding at $3 with a tender offer recently). Fear that they blow hundreds of millions on some stupid AI endeavor is probably the main reason the stock is this cheap. CEO and founder owns >56% of shares outstanding.
Disclaimer: Readers of this blog should do their own due diligence before buying or selling any of the mentioned stocks, since I have been wrong before and cannot guarantee all information in this write-up is 100% factual. I may buy or sell the above mentioned stocks at any time. Past success is no guarantee for future success. Some of the stocks mentioned might have poor liquidity, so make sure to check average daily trading volume before buying or selling anything. I am not your financial advisor.