MicroCapClub

MicroCapClub
  • 4.8 (16)
  • Investing

MicroCapClub is an exclusive forum for experienced microcap investors focused on microcap companies (sub $500m market cap) trading on United States, Canadian, European, and Australian markets. MicroCapClub was created to be a platform for experienced microcap investors to share and discuss stock ideas. Since 2011, our members have profiled 900+ microcap companies. Investors can join our community by applying to become a member or subscribing to gain instant view only access. MicroCapClub’s mission is to foster the highest quality microcap investor Community.

  1. 20h ago

    ADF Group (DRX.TO): The Backbone of America's Biggest Builds

    In this Business Breakdown, David Barbato and co-host Sébastien Charland, President of Agave Capital, sit down with ADF Group’s (DRX.TO) CFO Jean-François Boursier. The company was originally profiled by "Flipper" on February 16, 2021, at $1.72 CAD per share, representing a gain of 735% since then. This discussion took place live on June 18th, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://microcapclub.com/#join  Jean-François Boursier is the CFO of ADF Group, a Quebec-based fabricator of complex steel structures with plants in Terrebonne, Great Falls, Montana, and the Lac-Saint-Jean region. After nearly 16 years at ADF, he's set to retire at the end of 2026, and this Business Breakdown covers where the company stands heading into that transition. ✉️ Share your feedback - david@microcapclub.com ✉️ David’s X (Twitter) - https://x.com/Valuehunte Chapters 00:00 Introduction to ADF Group and Leadership 03:31 Overview of ADF Group's History and Operations 14:01 Financial Highlights and Market Positioning 22:33 Future Growth and Strategic Acquisitions 28:32 Q&A Session: Backlog and Tariff Impacts 40:40 Understanding the Family Buyback Dynamics 51:39 Leadership Transition and Future Outlook 57:17 Market Demand and Strategic Positioning 01:07:57 Consolidation Opportunities in the Industry Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    1h 13m

  2. 2d ago

    Obsession by Ian Cassel

    Ian Cassel gives the opening keynote at Planet MicroCap Las Vegas 2026 Powered by MicroCapClub. Not part of the MicroCapClub community? Join Us https://microcapclub.com/join-now/ Planet Microcap hosts the highest quality microcap in-person events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow. https://planetmicrocap.com Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    16 min

  3. 3d ago

    Club Conversation with Dylan Marrello, Asymmetric Bets in Hated Industries

    Dylan Marello is CIO of Marello Capital, a fund he launched after a career as a corporate litigator. He runs a concentrated, long-only portfolio of roughly 12 to 15 names, market-cap agnostic, but skewed toward asymmetric setups in hated or overlooked sectors. This discussion took place live on May 6th, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://microcapclub.com/#join  In this episode, Dylan discusses how his legal background shapes the way he writes and structures investment theses, why he sizes his ideas between 5 and 10 percent, and how he thinks about capital cycles in industries like offshore drilling, cinemas, and cannabis. He also walks through two of his largest positions: Entravision Communications, which moved sharply during the recording on a strong print from its Smadex ad-tech segment, and MIAX, the options exchange he frames as a royalty on growing derivatives volumes, including its stake in Robinhood's prediction markets venture. ✉️ Share your feedback - david@microcapclub.com ✉️ David’s X (Twitter) - https://x.com/Valuehunte Chapters 00:00 Introduction to Dylan Marello and His Investment Philosophy 04:24 The Journey of Starting Marello Capital 07:56 Investment Strategy and Management Fees 10:47 The Impact of Legal Background on Investment Analysis 13:46 Writing Investment Theses and the Role of AI 17:01 Case Study: EVC and Its Growth Potential 25:57 Understanding Hated Industries and Investment Opportunities 35:59 Market Sentiment and Its Impact 37:06 Capital Cycles and Industry Restructuring 38:51 Opportunities Amidst Market Negativity 40:42 The Resurgence of Movie Theaters 42:06 Supply and Demand Dynamics in Offshore Drilling 44:31 Patience in Investing: The Waiting Game 47:38 MIAX: A High-Quality Business Overview 48:41 The Growth of Derivatives and Options Trading 53:25 MIAX's Unique Market Position 58:14 Future Prospects and Strategic Partnerships 01:02:59 Valuation and Market Potential of MIAX 01:08:46 Legal Considerations and Insider Confidence Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    1h 16m

  4. Jun 15

    Club Conversation with Pedro Sousa, Private Equity Meets Microcaps

    This discussion took place live on April 23rd, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://microcapclub.com/#join  Pedro Sousa is a partner at Oxy Capital, a Portuguese investment firm based in Lisbon, where he leads the public markets strategy. He joined Oxy as an intern during his economics degree at Nova, spent two years at Bain in Spain, and returned to help build out the public book, which has grown from €20M of partner capital in December 2018 to over €100M today, compounding at roughly 20% net annualized. In this episode, Pedro explains how Oxy applies a private-equity approach to European small caps, five-year underwriting horizons, six-to-ten position concentration, and a sleeve of special situations covering spin-offs, asset-heavy liquidations, and partial M&A RemainCos. He walks through two current positions: The Gym Group, the UK's number two low-cost fitness chain, where he breaks down the local-monopoly unit economics of a single club; and Relais Group, the leading independent aftermarket player for commercial vehicles in the Nordics. He and David also discuss why European management teams get less inbound than US peers, how the team re-underwrites when a company misses expectations, and why Oxy hires undergraduates straight out of Portuguese universities ✉️ Share your feedback - david@microcapclub.com ✉️ David’s X (Twitter) - https://x.com/Valuehunte Chapters 00:00 Introduction to Pedro Sousa and Oxy Capital 04:15 Pedro's Journey into Investing 07:07 Growth and Performance at Oxy Capital 10:01 Investment Strategy: Private Equity Meets Public Markets 12:58 Special Situations in Investing 15:32 Team Dynamics and Investment Sourcing 19:09 Market Dynamics: Public vs. Private Equity 22:03 Case Studies: Successful Investments and Lessons Learned 33:31 Understanding Gym Economics and Market Dynamics 36:45 In-Depth Analysis of Relays Group 46:54 Investment Re-Underwriting and Portfolio Management 49:55 Recruitment Strategies and Talent Development 54:09 Long-Term Investment Philosophy and Capital Management 59:21 Future Aspirations and Closing Thoughts Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    1 hr

  5. Jun 8

    Club Conversation with Jeffrey Tory, 40 Years Investing in Canadian Microcaps

    This discussion took place live on April 22nd, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://microcapclub.com/#join  Jeffrey Tory is the Chair of Pembroke Management, a Montreal-based firm founded in 1968 that specializes in Canadian and U.S. small and mid-cap growth companies. He joined Pembroke in 1987 after starting his career at Burns Fry, and in 2022, he launched the firm's microcap strategy aimed at helping rebuild the Canadian small-cap ecosystem. In this episode, Jeff discusses the long decline of the Canadian small-cap market and what is beginning to shift, the interview style he uses to disarm management teams and test their understanding of capital allocation, and why dilution and debt are the most common causes of failed investments. He also walks through how he constructs his microcap portfolio, when to trim winners versus let them run, and the "natural speed limit" principle behind the companies that compound from micro to mid-cap. ✉️ Share your feedback - david@microcapclub.com ✉️ David’s X (Twitter) - https://x.com/Valuehunte Chapters 00:00 The Journey of a Lifetime Investor 10:48 The Evolution of Canadian Markets 20:32 The Pembroke Experience and Growth Strategies 30:58 Micro Cap Investing: Philosophy and Approach 37:22 Navigating Investment Opportunities in Canada 39:57 Evaluating Business Growth and Management 42:52 Investment Sizing and Portfolio Management 45:14 Acquisition Strategies in Micro Cap Investments 51:26 Challenges in the Canadian Capital Markets 56:06 Building a Strong Small-Cap Ecosystem 58:12 Tools for Screening Micro Cap Stocks 01:02:09 Advice for Young Investors 01:04:30 Memorable Investments and Lessons Learned Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    1h 8m

  6. Jun 1

    CareRx Corporation (CRRX.TO): Care Home Pharmacy

    In this Business Breakdown, David Barbato and Jason Senensky sit down with CareRx Corporation’s (CRRX.TO) President and CEO, Puneet Khanna, and Suzanne Brand, CFO.  CareRx delivers prescriptions to long-term care and retirement homes across five provinces, with provincial governments as the primary payer, and 92,000 residents currently under contract. This discussion took place live on May 19th, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://microcapclub.com/#join  In this Business Breakdown, Puneet and Suzanne cover the hub-and-spoke automation model CareRx is piloting, centralizing high-volume robotic filling to expand capacity without replicating expensive robotics at every location, the Ontario capitation fee situation and what the removal of step-down language means for the company's revenue floor, why bed count has been flat for four years and when they expect growth to resume, and how they're approaching M&A after doing prior deals at two to six times EBITDA. ✉️ Share your feedback - david@microcapclub.com ✉️ David’s X (Twitter) - https://x.com/Valuehunte Chapters 00:00 Introduction to CareRx and Leadership Backgrounds 04:31 Understanding CareRx's Unique Business Model 07:15 Market Dynamics and Growth Opportunities 10:35 Operational Excellence and Technology Integration 13:27 Financial Performance and Capital Priorities 16:37 The CareRx Advantage and Competitive Landscape 19:58 Technology's Role in Scaling Operations 22:50 Hub and Spoke Model Implementation 25:41 Challenges in Bed Count and Market Growth 28:36 Future Outlook and Strategic Growth Plans 37:48 Regional Competition and Market Dynamics 40:39 Margin Outlook and Future Strategies 43:56 M&A Opportunities and Strategic Growth 46:34 Government Relations and Funding Outlook 51:49 Valuation and Integration in M&A 56:46 Internal Priorities and Misunderstandings 01:00:30 Future Growth and Internationalization Opportunities Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    1h 3m

  7. May 27

    The Coach Who Never Stopped Rebuilding

    In this episode, Ian Cassel compares successful stock picking and portfolio management to being a great basketball coach. You can also read it as an article here: https://microcapclub.com/newsletter/  MicroCapClub is an exclusive forum for experienced microcap investors to share and discuss microcap companies (sub $1 billion market cap) trading on global markets. Since 2011, our members have profiled 1400+ microcap companies, 300+ have turned into multi-baggers. Investors can join our community by applying to become a member or subscribing to gain instant access. For more information, visit https://microcapclub.com/  Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    10 min

  8. May 25

    1Stdibs.Com (DIBS): The Curated Luxury Marketplace

    In this Business Breakdown, David Barbato and Jamil Tahir sit down with 1Stdibs’ (DIBS) Chairman/CEO, David Rosenblatt.  This discussion took place live on May 11th, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://microcapclub.com/#join  David Rosenblatt is CEO and Chairman of 1stDibs, the curated online marketplace for one-of-a-kind design objects across vintage and antique furniture, jewelry, art, and fashion. He joined the company in 2011 after running DoubleClick, which he sold to Google, and previously served on the boards of Twitter and IAC. He took 1stDibs public on the NASDAQ in 2021. In this Business Breakdown, David walks through the cost restructuring that delivered two straight quarters of adjusted EBITDA positivity, why he rebalanced spend from paid marketing into product and engineering, and how AI is reshaping the buyer experience across search, pricing, and shipping. He also discusses 1stDibs' roughly $40 million buyback history, M&A discipline, and the live-event sponsorship business he's building in advertising. ✉️ Share your feedback - david@microcapclub.com ✉️ David’s X (Twitter) - https://x.com/Valuehunte Chapters 00:00 Introduction and Guest Background 02:10 Founding and Evolution of 1stDibs 04:23 1stDibs' Impact in the Design Industry 07:00 Growth Strategies and Market Expansion 08:29 Public Listing and Market Challenges 09:27 Market Opportunity and Industry Adoption 10:00 Business Model and Revenue Streams 11:22 Seller and Buyer Dynamics 12:49 Customer Valuations and High-Value Transactions 14:12 Advertising and Monetization Strategies 16:07 Key Company Metrics and Financials 18:34 Product Categories and Market Focus 20:26 Future Growth and Market Potential 25:35 AI Integration and Product Roadmap 28:17 Operational Improvements and Cost Management 30:09 Influencer and Social Media Strategies 32:18 Competitive Landscape and Acquisition Opportunities 39:12 Long-term Market Outlook and Aspirations 42:30 Customer Acquisition and Marketing Efficiency 45:33 Experimentation and Innovation in Pricing 48:35 Advertising and Sponsorship Opportunities 51:27 Marketing Channels and Customer Engagement 52:44 Revenue Growth and Take Rate Dynamics 54:10 Closing Remarks and Future Outlook Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.

    57 min
See All (106)

4.8
out of 5
16 Ratings

About

MicroCapClub is an exclusive forum for experienced microcap investors focused on microcap companies (sub $500m market cap) trading on United States, Canadian, European, and Australian markets. MicroCapClub was created to be a platform for experienced microcap investors to share and discuss stock ideas. Since 2011, our members have profiled 900+ microcap companies. Investors can join our community by applying to become a member or subscribing to gain instant view only access. MicroCapClub’s mission is to foster the highest quality microcap investor Community.

Information

  • Creator
    MicroCapClub
  • Years Active
    2024 - 2026
  • Episodes
    106
  • Rating
    Explicit
  • Copyright
    © MicroCapClub
  • Show Website
    MicroCapClub

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