From time to time, Hillsdale is in the news. Our partners often speak at conferences or other events, and our accomplishments are covered in the financial media.
Canadian Business Magazine Article “The Micro-Cap Manager” Features Hillsdale CEO, Chris Guthrie
The Micro-Cap Manager – Chris Guthrie, President, CEO and Portfolio Manager, Hillsdale Investment Management
By Bryan Borzykowski
For Chris Guthrie, great companies all start out small. The Toronto-based investor has taken a keen interest in micro-cap stocks, companies with a market value between $25 million and $250 million. Why? Because there’s so much to choose from – about 2,400 of the 3,000-odd listed companies on the TSX and the TSX Venture exchanges are of the micro-cap variety – and, if he picks correctly, he can make massive gains. Many of these companies are also mispriced, Guthrie says, because there are no analysts paying attention to them. Of course, these stocks also carry above-average risk, which is why he looks at 55 different factors when deciding what to buy. Those include technical indicators but also return on equity, free cash flow, enterprise value and EBITDA. “These are more private-equity-style metrics,” he says. Despite the risks, Guthrie’s Canadian Micro Cap Equity Fund has been one of his best performing funds. It’s up an impressive 22.5% so far this year.
