SAN FRANCISCO, CA--(Marketwired - October 09, 2015) - In a volatile macroeconomic world, micro caps can offer some immunity as they move based on company news rather than front page headlines. In this interview with Streetwise Reports' Special Situations, Jim Collins, founding partner of The Portfolio Guru, shares the names of a handful of companies he found in his travels to the LD Micro Conference and beyond.
Special Situations: Last year, you called the LD Micro Conference "a micro-cap love-in," and shared the names of five companies that sounded interesting as a way to gain portfolio immunity to larger market volatility. Can you update us on some of the companies from last year?
Jim Collins: Torchlight Energy Resources Inc. (TRCH:NASDAQ) was just shifting to the operator role on its project in Texas when we talked. The company is very optimistic. It drilled its first well on the Orogrande, but instead of going to full production, it is collecting data. This is a large prospect, 180,000 acres. Last week Torchlight announced a definitive agreement with Founders Oil and Gas LLC. Founders will provide $5 million ($5M) in project reimbursement costs and an additional $45M in development capital in exchange for a 50% working interest in the project. Founders will also become the operator of record.
SS: It sounds as if there are new prospects that look interesting this year. What are some of those names?
JC: Chanticleer Holdings Inc. (HOTR:NASDAQ) owns and operates 14 Hooters locations around the world. It also has been moving aggressively into the better-burger segment, the area where Shake Shack Inc. has garnered buzz. Chanticleer is also growing its business in Australia and South Africa. Chanticleer recently closed a rights offering that raised $6.6M. We should keep seeing revenue growth through the existing Hooters franchises, a previous acquisition of…
Continue reading this interview: Jim Collins Prescribes Five Micro-Cap Names to Build Portfolio Immunity
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DISCLOSURE:
Torchlight Energy Resources Inc, and Chanticleer Holdings Inc. are banner sponsors of Streetwise Reports. Jim Collins had final approval of the content of the interview and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Collins and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.
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