Skip to main content
Leland Roach

Leland Roach

Deep value micro-cap investor and author of The Value Road newsletter on Substack; Analyst at LSR Research LLC.

Aug 13, 2026

4:50
So, yeah, let us know more about that.
4:54
Yeah, so my investment process, I guess now, this past year or so, is a little bit different than it had been in the past.
5:04
But I will still occasionally do this where my initial ideas... literally came from me going to the otcmarkets.com, clicking a couple of boxes on the screener, which is mostly just like US markets, common stocks, Um, I'm pretty sure that I would like exclude banks or whatever.
5:29
Basically I'd get this down to like this 37 page, uh, pages of stocks.
5:34
And I would go alphabetically from A to Z and just look at all these companies, um, type their ticker into seeking alpha, get my calculator out, do a couple of quick, you know, net asset valuation calculations, enterprise value calculations, um, kind of see how long that company's been running.
5:54
Uh, When you go look into their initial financial documents, you hit Control-F and you go you know, strategic alternatives.
6:08
You know, you see if there's any potential that they're trying to sell something off or they have assets to sell.

19 MINS LATER

25:20
yeah uh couldn't agree more and uh could you tell us a bit more about one of those companies that you've held for long maybe like butler international i think it's an interesting one um yeah yeah butler national

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.