Have you looked at Thinkific (TSX: THNC)? It seems like this could fit your framework. Their Self-serve business, which targets smaller customers, has struggled to show meaningful growth. Meanwhile, their Plus offering, which targets larger enterprise customers, is growing 25-30% every quarter and becoming a bigger part of the pie.
Interesting list
I'm definitely interested in your take on IDT. I am quite bullish (https://open.substack.com/pub/compcap/p/idt-q3-2025-riding-the-wave?utm_source=share&utm_medium=android&r=l1sdn) and am thinking that if you capitalize parts of R&D and SGA as they invest through that kind of spending, you get high Owner Earnings estimates.
And the traditional telecoms segment appears to have slowed /stopped it's decline and improves cost efficiencies...
Thanks for sharing. I see there that you are estimating 20% OE. Definitely worth a deeper look.
Have you looked at Thinkific (TSX: THNC)? It seems like this could fit your framework. Their Self-serve business, which targets smaller customers, has struggled to show meaningful growth. Meanwhile, their Plus offering, which targets larger enterprise customers, is growing 25-30% every quarter and becoming a bigger part of the pie.
Thank you Mathieu. I didn’t know Thinkific had a segment growing at that pace, I’ll take a look.
He's over 10%. He filed 13-D in Aug last year & offered to take it private.
He's at ~15%. 1,392,863. He's been basically nibbling since then. His latest buys seem to be a little larger though not by much.
https://www.sec.gov/Archives/edgar/data/356037/000121465925009230/xslF345X05/marketforms-69936.xml
Drones, drones, and more drones
Indeed
There's a lot to like with CSP Inc. Have you looked at the insider buying ?
Just looking there's one insider buying small sums continuosly.