The Illiquid Edge

Final thoughts on GWOX

Best to move on for now.

Aug 22 • The Illiquid Edge

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An Update on Beam Communications

Shifting language in recent filings gives cause for concern.

Aug 21 • The Illiquid Edge

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Notes from the 2026 Goodheart-Wilcox (GWOX) annual meeting

Aug 17 • The Illiquid Edge

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May 2026

Portfolio Positions May 2026

Portfolio performance has been good YTD: 22% vs the SNP's 5%. Uncorrelated to the market.

May 7 • The Illiquid Edge

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Get Paid to Own Beam Communications

A satellite hardware company left for dead, but with a breakeven profitable business, strategic alternatives in review and selling below its cash value.

May 2 • The Illiquid Edge

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7

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April 2026

January 2026

Portfolio Positions Heading in to 2026

I have 10 positions, all of which I am buying for less than half of their intrinsic value

Jan 23 • The Illiquid Edge

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My Philosophy

What is "the illiquid edge" and why do I invest in illiquid and obscure securities.

Jan 14 • The Illiquid Edge

21

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5 Interesting Minnesota-Based Companies

This post is the end of my series "Looking at every Minnesota-based company A-Z."

Jan 12 • The Illiquid Edge

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4

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2025 in Review

This year, I covered 14 companies. On average, each pick yielded a 21% return, and my portfolio was up 25%. I also share a few key takeaways from this…

Jan 6 • The Illiquid Edge

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December 2025