Discover Under-The-Radar Stocks And Overlooked Investment Opportunities
Overlooked Alpha is produced by Vince Martin and Joe Marwood.
Our goal is to beat the market while providing accessible and actionable research.
What You Get
When you subscribe to Overlooked Alpha you get:
Actionable stock ideas every Sunday
Our midweek column ‘Research Notes’
Access to our portfolios
Private chat room and community
Archive of research covering 200+ stocks
Our performance tracking spreadsheet
3-month free subscription to Koyfin Charts
All of this for a ‘value investors’ price - less than a weekly cup of coffee!
The Good, The Bad And The Ugly
On July 23rd 2023, we wrote about a lesser known $300 million food company called Seneca Foods. After examining the financials we found an interesting quirk based on the company’s use of LIFO (last in, first out) accounting. Taking this into consideration we highlighted the fact that earnings could be almost 3 times higher than reported.
When we published the article SENEA stock traded for just under $36 a share. Today, the stock is worth $57 a share providing a gain of 60% in a little over three months.
It doesn’t always work out so well. On 3rd April 2022, we highlighted the opportunity in AppLovin. We wrote that AppLovin was an excellent adtech business with strong growth and a cheap valuation. We believed the selloff caused by Apple’s privacy changes was overdone. After initiating a buy in AppLovin at a price of $54 a share we watched the stock fall in value by over 40%. On 8th August 2023, we finally pulled the plug and sold our position at a loss. To our despair, the very next day the stock rocketed upwards by 30% and has kept going.
We tell you this for two reasons. First, to highlight the realities of investing. Trade ideas do not always work out and you can never have too much humility.
Second, we learn more from losses than we do from wins. Whatever the goals are for this newsletter, transparency is the most important. We always provide our analysis and show our results whether they are good, bad or ugly.
Does It Work?
Since we launched last year, we've covered 200+ stocks and published 60+ ideas.
Right now, we are 6.5 percentage points above our benchmark, the Russell 2000 index.
The idea of Overlooked Alpha is not necessarily to follow every one of our ideas but if you had done so you would have done well.
Our top performing idea NGMS received a buyout offer, 107%* above our entry price.
There is a tracking spreadsheet on our homepage which shows you all of our picks and their individual returns — you can verify our performance at any time.
Who’s Behind Overlooked Alpha?
Vince Martin is the lead analyst and writer. He got his Series 7 and 63 back in 1999 and has been writing and researching stocks for over a decade. He’s a prolific equity researcher and one of the highest ranked financial analysts on TipRanks with a 5 star rating.
Joe Marwood is the founder and editor of Overlooked Alpha. He began his career at a prop trading company in the UK where he analyzed markets on a daily basis. Joe began Overlooked Alpha because he was tired of sifting through long and tedious research reports. Overlooked Alpha aims to provide actionable ideas that are high quality but also enjoyable to read.
Skin In The Game
We’re not financial advisors but we eat our own cooking. If we think an investment warrants a position we have no problem backing it with our own money.
Sometimes we will write about stocks we’re not investing in. As usual, we will tell you the reasons why and give you full disclosure about the stocks we own.
Many investing newsletters don’t track their picks. We post all of our calls on our performance spreadsheet which is updated in real-time.
We also provide our own portfolio holdings which we update regularly.
Stay Up To Date
Our latest research is delivered to your inbox every Sunday morning at 6am EST. We aim to provide you with our best investing ideas in a timely and concise format.
Every Wednesday or Thursday you’ll be sent our weekly Research Notes. Research notes includes interesting (often thematic) info that has cropped up in our research.
Want to receive our next idea? Just click the button and give us a try:
We put a lot of effort into providing timely investing ideas but we appreciate our work is not for everyone. Full refunds will be honored within 7 days of purchase.
Here’s what people are saying about Overlooked Alpha:
“Worth subscribing to this one: it focuses on the same kinds of misunderstood, overlooked, and hidden opportunities I love. ”
Chris DeMuth Jr, Hedge Fund Manager
"Just subbed to OverlookedAlpha and I have to say, I enjoy reading their research."
Paul Cerro, Hedge Fund Manager
"Unique analysis & coverage on individual equities that are often overlooked by the market. A great read!"
Kyle Vock, Sunday Morning Markets
"Overlooked Alpha digs deep into companies to find unique opportunities with a perspective you won't find anywhere else."
Devin LaSarre (Invariant Blog)
"In investors, more than anything else, I value clock-like discipline and quality consistency. That's what I find in OverlookedAlpha."
Siyu Li (Twitter)
"The most consistent, yet high-quality Substack I've encountered"
Mikro Cap David (Twitter)
"Thank you very much for doing what you're doing. Both of your analysis is great and it really helps me become a better investor. Thank you"
“Thank you for the heads up on a great opportunity. I aggressively sold puts at massive premiums in the first 30 minutes of mayhem today, and it’s looking like I will be buying them back at lower prices.”
“Great research process on a wide range of investment opportunities”
Ian Bezek (Ian’s Inside Corner)
"Excellent deep dives into various companies".
Jon Kingston (Capital Employed)
Disclaimer: The information in this newsletter is not and should not be construed as investment advice. Overlooked Alpha is for information and entertainment purposes only and does not provide personalized recommendations or financial advice. Contributors are not registered financial advisors and do not purport to tell or recommend which securities customers should buy or sell for themselves. We strive to provide accurate and factual analysis but mistakes and errors do occur. No warranty is made to the accuracy, completeness or correctness of the information provided. The information in the publication may become outdated and there is no obligation to update any such information. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Contributors may hold or acquire securities covered in this publication, and may purchase or sell such securities at any time, including security positions that are inconsistent or contrary to positions mentioned in this publication, all without prior notice to any of the subscribers to this publication. Investors should make their own decisions regarding the prospects of any company discussed herein based on such investors’ own review of publicly available information and should not rely on the information contained herein.