OTCM News and Headlines - OTC Markets Group Inc

GuruFocus Articles Total 5
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Our hand-picked list of high-conviction names that compound shareholder value

In the search for high-quality stocks, we look for several things – a superior return on capital, economic moat, able and honest stewardship, decent growth prospects, robust cash generation and high predictability. Do all these altogether suffice for the business to create tremendous shareholder wealth, if we assume a buy-and-hold approach? Not necessarily, though we do admire such a business as a good investment in terms of downside risk protection for its owners. What makes a good investment a powerful compounding machine is the ability of the company to reinvest its retained earnings on behalf of its owners at an

1944 Views    Steven Chen    2020-05-14 18:33
A founder-led FinTech business riding a massive runway

Tightening regulations, mainly the Volcker Rule, Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel II/III, have created an unprecedented catalyst for the increasing adoption of electronic trading in the bond market.

MarketAxess (MKTX) is an undeniable beneficiary from the trend so far, and it is one of the fastest-growing FinTech businesses. As you can see below, the annual free cash flow nearly quintupled over the past decade, creating tremendous value.

New York-based MarketAxess operates a leading electronic trading platform for fixed-income market participants to trade corporate bonds and other types of instruments efficiently. The

443 Views    Steven Chen    2020-02-10 16:06
Not all growth is created equal

To gauge valuation, many investors mainly look at the quantity and growth of earnings. At Urbem, we believe that the quality of earnings growth actually matters more. Not only should a poor quality of growth considerably lower the fair valuation, but it also might indicate weaknesses or risks in business fundamentals, causing challenges in valuing the company properly.

We have developed our proprietary factor-based approach to evaluate the quality of earnings growth from a long-term investor’s perspective. Ideally, we would love to see an increase in earnings per share that is supported by a sustainable, organic top-line growth based on

335 Views    Steven Chen    2019-12-18 16:54
A recurring sales generator with a network effect moat

New York-based OTC Markets Group Inc. (OTCM) is the American financial market providing price and liquidity information for over-the-counter securities across OTCQX, OTCQB and Pink. Based on a mission to create better informed and more efficient financial markets, the company’s strategy is to share information through open and transparent networks, connect broker-dealers, organize markets, inform investors and deliver elegant, reliable and cost-effective subscription-based technology solutions.

The current CEO, Cromwell Coulson, acquired OTC Markets’ predecessor business more than two decades ago. Since then, he has transformed the company from a privately held publisher of broker-dealer quotations into a publicly traded company

383 Views    Steven Chen    2019-12-01 19:13
The focus of this site is incredibly small companies. As a matter of fact, I currently own only two companies with a market cap bigger than $100 million, such as Reading International (RDI) and Asta Funding (ASFI), and even those barely cross the nine-figure threshold. The reason is pretty simple: Smaller companies have less “professional” coverage and tend to have much cheaper stocks than large companies. And a natural outgrowth of investing in smaller companies is investing in companies that aren’t listed on the Nasdaq or NYSE or don’t file with the SEC. Any true small-cap junkie is likely very
603 Views    whopper investments    2013-01-22 12:23

Headlines Total 88
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2021-05-05 $ 42 (2.44%)
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2020-12-30 $ 34.28 (0.38%)
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2020-12-02 $ 35 (1.6%)
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2020-09-28 $ 30.09 (0.84%)
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2020-09-15 $ 30.06 (%)
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2020-09-10 $ 30.5 (-0.33%)
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2020-03-25 $ 24.5001 (6.52%)
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2020-02-13 $ 34.2 (-0.96%)
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