Initiation ReportsHealthcare microcap w/ inflecting cash flow β 12/14/22Cheap call option strategy β 11/30/22Healthcare microcap at <4x EBITDA β 11/20/22Another spin off β 10/30/2022Big cap industrial at <12x earnings β 10/28/2022Upcoming Spin Off at 15% FCF Yield β 10/2/2022HireQuest Inc ($HQI) β 9/18/2022Warner Bros Discovery ($WBD) β 8/25/2022Taro Pharmaceuticals ($TARO) β 8/7/2022ALJ Regional Holdings ($ALJJ) β 1/15/2022ODP Corp ($ODP) β 1/2/2022KNOT Offshore Partners ($KNOP) β 12/25/2021NRG Energy ($NRG) β 11/18/2021Heritage Insurance ($HRTG) β 11/1/2021Spectrum Brands ($SPB) β 10/9/2021Fairfax Financial ($FRFHF) β 9/23/2021Qurate Retail ($QRTEA) β 8/30/2021Babcock & Wilcox ($BW) β 8/24/2021Turning Point Brands ($TPB) β 7/21/2021Hallmark Financial ($HALL) β 6/30/2021Vistra Corp ($VST) β 5/28/2021Civeo Corp ($CVEO) β 5/23/2021NN Inc ($NNBR) β 4/23/21Trecora Resources ($TREC) β 4/10/21Franchise Group ($FRG) β 3/14/21Defense Contractors ($NOC & $LMT) β 2/28/21Gilead Sciences ($GILD) β 2/18/21Sally Beauty ($SBH) β 1/24/21Advanced Emissions Solutions ($ADES) β 1/9/21H&R Block ($HRB) β 12/27/20Company UpdatesSmall cap financial getting pummeled, great time to add! β 12/26/22NRG acquisition of VVNT β 12/22/22Dutch tender in the portfolio β 12/1/22Update on that spin off β 10/9/2022ALJ Regional Holdings ($ALJJ) β Merger Proxy Review β 3/20/2022Garett Motion ($GTX) β FY21 Update β 3/19/2022NN Inc ($NNBR) β FY21 Update β 3/19/2022TFS Financial ($TFSL) β FY21 Update β 11/26/2021Hallmark Financial ($HALL) β Q3 Update β 11/18/20213Q21 Earnings (The Good) β 11/15/20213Q21 Earnings (The Ugly) β 11/11/2021bebe stores ($BEBE) β FY21 Update β 10/10/2021Generics Update β 8/17/2021Bristow Group ($VTOL) β 2Q21 Update β 8/7/2021B Riley ($RILY) β 2Q21 Update β 8/1/2021bebe stores ($BEBE) β 3Q21 Update β 5/19/21$MDP β 3Q21 Update β 5/1/21$BEBE β 4Q20 Update β 3/5/21$VRS β 4Q20 Update β 2/26/21Pharma Update β 2/25/21$SPCO β 4Q20 Update β 2/21/21$MDP β 4Q20 Update β 2/12/21Quick ValueQuick Value 1.2.23Quick Value 12.12.22Microcap grower at 10% FCF yieldGrowing microcap at <10x earnings / 6x EBITDA β 11/7/22Small cap stock trading at 8.5x EBITDA / 5.5x FCF with big growth plans β 10/25/2022Profitable microcap down 50% YTD at <0.4x book value β 10/3/2022Brinks Co β 9/19/2022Other WritingsHappy ThirdFederals-giving!3 Stocks to Buy NowVDL Bucket ApproachVDL Research ProcessVDL Investment ProcessPortfolio Updates11.30.2210.31.229.30.228.31.221.31.2212.31.2111.30.2110.31.219.30.218.31.217.31.216.30.215.31.214.30.213.31.212.28.211.31.2112.31.20