Episode Details

In this episode of the Planet MicroCap Podcast, I spoke with Hugo Navarro - Founder and Editor of the Undervalued and Undercovered newsletter on Substack and fund advisor at PEQUITY U&U Global Opportunities - to dig into how a 19-year-old from Spain built a six-figure research business and a fund advisory role by going where almost no one else was looking.

We break down his process for finding names that look bad on the surface but are cheap for the wrong reasons, how he thinks about separating a real catalyst from a story that just sounds good, and a hard lesson from Intellego that taught him when a sniff test beats 100 hours of due diligence. We also get into two current ideas he's watching closely.

For more information about the Undervalued and Undercovered newsletter, please visit: https://smallcaptreasures.substack.com/

Chapters:

00:00 Introduction and guest background
02:00 Hugo's journey from Spain to microcap investing
04:02 How Hugo started his research newsletter
06:06 The success and growth of Hugo's research business
07:54 Hugo's investment philosophy and approach
10:56 Finding ideas through screening and networking
14:00 Deep dive research process and thesis validation
18:13 Examples of catalysts and undervalued opportunities
23:06 Lessons from a failed investment in Intellego
25:59 Separating real catalysts from stories
28:57 Passing on ideas and risk management
32:54 Influence of investor interactions and experience
35:04 Hugo's future goals and investment outlook

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