Planet MicroCap Podcast | MicroCap Investing Strategies

My guest on the show today is Jerome, Portfolio Manager at Uzo Capital. Jerome brings a unique lens to public equity investing—shaped by his experience on the equity trading floor at Merrill Lynch during the financial crisis, his global perspective, and a profitable venture in music royalties. In this episode, we dive into Jerome’s barbell investment approach: pairing stable, cash-generative compounders with higher-risk, venture-style bets in the public markets. He walks us through how he identifies “asymmetric” opportunities—where the upside far outweighs the downside—particularly in companies that are either undiscovered or undergoing transformational change. Jerome also shares how his music royalty business, which generates steady, recurring cash flow, provides the emotional and financial runway to take bold swings on high-risk, high-reward ideas. He discusses how this foundation enables him to withstand volatility and dig deeper into ideas that others may overlook. We cover a lot in this conversation—from PLBY, McCoy Global, and Comstock, to his thesis around durable, capital-light growth businesses and the importance of identifying "free call options" within complex situations. Jerome also lays out a thoughtful framework for due diligence and portfolio sizing that helps manage both risk and conviction. And for full disclosure, we discussed a number of companies during today’s podcast. I am not a shareholder in any of them. For more information about Uzo Capital, please visit: https://uzocapital.substack.com/ [https://uzocapital.substack.com/] Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel [https://www.youtube.com/user/SNNWire]. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym [https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F1Q5Yfym&redir_token=KM-Hq0C5IQrdTA4S7U1Ev9MzTOV8MTU1Nzk1NTY1NUAxNTU3ODY5MjU1] Click here to rate and review the Planet MicroCap Podcast [https://itunes.apple.com/us/podcast/planet-microcap-podcast/id1024217659?mt=2] The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft [https://twitter.com/BobbyKKraft]

My guest on the show today is Ben Brostoff, software engineer at Klaviyo and the writer behind the Stock Talk newsletter on Substack. Ben has a fascinating perspective on investing—he started out in investment banking, taught himself to code, and now spends his free time researching microcap companies, especially in the software and tech space. In this episode, we dive into Ben’s investing philosophy—why he targets 8–10% returns with the least amount of risk, how AI is changing the way he evaluates software moats, and why he won’t own a company unless he’s written a blog post about it. We also dig into some of the key lessons he’s learned, from the dangers of leverage to the power of doing more than just reading a 10-K. Ben shares actionable frameworks for evaluating microcap software companies, offers a nuanced view on AI’s impact on infrastructure and margins, and explains why, for him, true due diligence means turning over every rock. And for full disclosure, we discussed a number of companies during today’s podcast. I am not a shareholder in any of them. For more information about the Stock Talk Newsletter, please visit: https://stocktalknewsletter.substack.com/ [https://stocktalknewsletter.substack.com/]  Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel [https://www.youtube.com/user/SNNWire]. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym [https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F1Q5Yfym&redir_token=KM-Hq0C5IQrdTA4S7U1Ev9MzTOV8MTU1Nzk1NTY1NUAxNTU3ODY5MjU1] Click here to rate and review the Planet MicroCap Podcast [https://itunes.apple.com/us/podcast/planet-microcap-podcast/id1024217659?mt=2] The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft [https://twitter.com/BobbyKKraft]

My guest on the show today is Cameron, Founder of Commonsense Investing and author of the Substack microcapstocks.substack.com [http://microcapstocks.substack.com/]. Cameron is a microcap investor focused on education, community, and a disciplined research process — bringing a common-sense approach to navigating this often volatile corner of the market. In our conversation, Cameron shares how his investing journey evolved from chasing high-flyers and exposing bad actors to building a thoughtful framework for identifying quality microcap companies. He discusses the importance of doing your own research, filtering stocks through a rigorous process, and why flexibility is a powerful edge for retail investors. We also talk about his personal investing experiences, as well as key red flags to look out for — from share dilution to questionable management behavior. And for full disclosure, we discussed a number of companies during today’s podcast. I am not a shareholder in any of them. For more information about Cameron and Common Sense Investing, please visit: https://commonsenseinvesting.ca/ [https://commonsenseinvesting.ca/] Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel [https://www.youtube.com/user/SNNWire]. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym [https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F1Q5Yfym&redir_token=KM-Hq0C5IQrdTA4S7U1Ev9MzTOV8MTU1Nzk1NTY1NUAxNTU3ODY5MjU1] Click here to rate and review the Planet MicroCap Podcast [https://itunes.apple.com/us/podcast/planet-microcap-podcast/id1024217659?mt=2] The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft [https://twitter.com/BobbyKKraft]

My guest on the show today is Thomas Richard, CFA, Portfolio Manager at Philippe Hottinguer Gestion, based in Paris. Thomas has been diving deep into European microcaps – a market segment he describes as “so unloved and uncovered,” with unique inefficiencies and opportunities. In our conversation, Thomas lays out why Southern Europe – especially countries like Spain, Italy, and Greece – is currently one of the most interesting regions for microcap investing. He explains the value of bottom-up research, the importance of direct interaction with management teams, how non-European investors can begin navigating this often-overlooked space, as well as some of the structural risks that exist in this space – including governance concerns and delisting threats. We also touch on specific names like Euroconsultants, Shelly Group, Reway, and ALA, and for full disclosure, I am not a shareholder in any of them. For more information about Thomas Richard and Philippe Hottinguer Gestion, please visit: https://www.philippehottinguer.com/fr/phhgestion/ [https://www.philippehottinguer.com/fr/phhgestion/] Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel [https://www.youtube.com/user/SNNWire]. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym [https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F1Q5Yfym&redir_token=KM-Hq0C5IQrdTA4S7U1Ev9MzTOV8MTU1Nzk1NTY1NUAxNTU3ODY5MjU1] Click here to rate and review the Planet MicroCap Podcast [https://itunes.apple.com/us/podcast/planet-microcap-podcast/id1024217659?mt=2] The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft [https://twitter.com/BobbyKKraft]

Today, I'm sharing with you our annual Planet MicroCap Podcast: LIVE! panel from the Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClub. Joining me this year are: Thomas Bachrach, PFH Capital Website: https://www.pfhcap.com/ [https://www.pfhcap.com/] Twitter/X: https://x.com/PFHCapital [https://x.com/PFHCapital] Jason Hirschman, Hudson 215 Capital Twitter/X: https://x.com/EightTrack180 [https://x.com/EightTrack180] Whit Huguley, River Oaks Capital Website: https://www.riveroaks-capital.com/ [https://www.riveroaks-capital.com/] Twitter/X: https://x.com/Whit_Huguley [https://x.com/Whit_Huguley] PLUS, Special Guest appearance from: Kevin Shea (Twitter/X: https://x.com/thegoodprick [https://x.com/thegoodprick]) Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel [https://www.youtube.com/user/SNNWire]. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym [https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F1Q5Yfym&redir_token=KM-Hq0C5IQrdTA4S7U1Ev9MzTOV8MTU1Nzk1NTY1NUAxNTU3ODY5MjU1] Click here to rate and review the Planet MicroCap Podcast [https://itunes.apple.com/us/podcast/planet-microcap-podcast/id1024217659?mt=2] The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft [https://twitter.com/BobbyKKraft]