#107: Calloway's Nursery (CLWY) | Jan Svenda

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  Summary

Calloway's Nursery was first discussed in Episode #22.


In this episode of The Intelligent Investing Podcast, Eric
Schleien sits down with Jan Svenda to discuss Calloway's Nursery,
Inc. (CLWY).


This may possibly be the least obscure stock that Jan has ever
discussed on the show.


The company runs a small chain of garden centers in Texas. There
is an activist investor in the management who has been a good
steward of capital. The original pitch was that the company was
trading below liquidation while business was solid. New
management came in and realized value. There’s been about an
extra 10% return with special dividends. The company currently
spits out $3,000,000 a year in free cash flow which is backed up
by real estate and a healthy balance sheet. The company is
opening up new stores. There’s also the possibility of future
improvements in free cash flow. The company is currently valued
at about a 10% free cash flow yield. The coronavirus should not
hurt them too badly.


 
About Jan Svenda

Jan is a “deep value” investor/analyst mainly focused on the US
small-cap and micro-cap universe. He started out with a long-only
bias (stocks trading close to NCAV etc.) which led to his
interest in the OTC world.


Jan now covers this space through his exclusive newsletter
service where he shares his latest long ideas and a
watchlist of OTC stocks which should help subscribers generate
material returns and allow them to “monitor” the OTC space more
efficiently.


The service also acts as a community of engaged members who share
the same focus. On top of this, he is interested in short-focused
research especially in the thesis revolving around accountancy or
earnings manipulation.


From time to time he also contributes to Safety in Value’s
marketplace ‘Microcap Review’.


 
STAYING IN TOUCH WITH JAN SVENDA

To learn more about Jan and his manual of OTC stocks, you can
visit his website.


He can also be reached via LinkedIn.


 
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