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The Little Book of Big Profits from Small Stocks + Website: Why You'll Never Buy a Stock Over $10 Again
The key to building wealth the low-priced stock way Low-priced gems, or what author Hilary Kramer calls "breakout stocks" come in all kinds of shapes and sizes but they all have three things in common: (1) they are mostly under $10; (2) they are undervalued; and (3) they have specific catalysts in the near future that put them on the threshold of breaking out to much highe ...more
Hardcover, 146 pages
Published November 8th 2011 by Wiley
(first published January 1st 2011)
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Ms. Kramer's book explores the topic of small cap value stocks. Her thesis is that institutional investors shy away from small cap stocks, especially those trading in the single digits (below $10). She asserts that if you are able to dig through the rubble you can find some true gems. Specific example companies discussed include Darling Ingredients (DAR), Popular (BPOP), Dendreon, Ford Motor Co.(F), Priceline (PCLN), Cabela's (CAB) and Dole Foods. Broad categories of stocks discussed include ...more
The Little Book collections are always an easy read and brings expert advice to beginner's. I enjoyed this book because it gave me unconventional advice in how I should approach investing. I liked how open and honest Hilary Kramer was with her investment approaches and how to question oneself when buying/selling a stock. I say this because there are many books out there that give very generic advice because they don't want to be held accountable for investors losing money from their advice.
The r ...more
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This is an easy read that is somewhat interesting, although the author is too cheerleader-ish in her descriptions of her successes. She tries to make up for it at the end by issuing repeated warnings, but more examples of failure and why they failed would help more. Although this book is pitched as "here's my approach - you can do it too!", it's pretty clear that the author's extensive experience in examining the fundamentals and even more her network of contacts in certain areas provides the ...more
This book exceeded my expectations, which admittedly were low. Low-priced stocks are an inherently risky class of securities made worse by an entire unscrupulous industry which developed to rob unknowing investors of their money. But Hilary Kramer stands out. In fact, the premise to her low-priced stock strategy is that the "bad name and reputation" of this equity class make the hidden gems more valuable. Her book focuses on the small percentage of under-$10 stocks that represent good, sound ...more
The author made her point very clearly at the very beginning of the book, which is there are plenty of opportunities to invest in under-researched, under-covered small stocks. I don't know how true it is that biotech industry has a lot of these stocks, but I agree with her main idea that institutional investors tend to neglect opportunities in this space, and small stocks can go up much faster than large-cap stocks. The other takeaways is how important primary research is and how you can ...more
Some interesting examples, such as undiscovered companies (Darling International), fallen angels (Ford), hobby stocks. I don't like the biotech chapter. The valuation session is just ok, which explains PE in the context of cyclical stocks. But overall, it's too simplified. The whole idea is sound. But I don't know which institutions can't buy stocks below $10, it's such a arbitrary rule, which doesn't make a lot of sense. I don't know why any institutions would have such a rule.