Growth Stock Insider XS Financial ( XSHLF - $0.16 ) XS Financial is a leading provider of equipment leasing services for the U.S. marijuana industry. Cannabis dispensaries often have difficulty financing their operations. The product remains illegal at the federal level. Most banks and large leasing companies tend to avoid the business. Those that might be willing to lend are put off by the industry's unconventional (all cash) practices, and the perceived risk of non-payment. XS Financial has obtained approval from banking regulators in the 15 states where it currently operates. The company works with both medical and recreational retailers and growers. It emphasizes larger chains with multiple locations. Those customers tend to be well financed with solid banking relationships. They also generally have professional operating procedures. Risk is low as a result. To date, XS Financial has experienced ...
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Growth Stock Insider Posabit ( POSAF - $0.33 ) Posabit is the leading provider of credit card payment services to the cannabis industry. The company is registered in Canada but operates in America. Shares currently are traded over the counter in the U.S. An American listing is slated for November. The company now operates in 15 states. Federal law prohibits ordinary credit card transactions. Posabit cleverly avoids that obstacle. It provides cryptocurrency workarounds that have been approved by bank regulators in all those states. Obtaining authorizations on a state by state basis provides a major competitive deterrent. No challenges to the method's legality currently exist. Posabit had more than 300 dispensary customers at the end of the March quarter. An updated figure is expected when third-quarter results are published in November. Significant gains are expected. Mult...
Growth Stock Northern Technologies ( NTIC $12.00 ) Northern Technologies is the leading provider of systems that prevent rust and corrosion while products are in transit. The company's unique packaging releases a protective vapor that protects steel and other ferrous metals from the elements. Northern Tech also sells packaging that inhibits oxidation on aluminum, copper, and brass. The packaging is removed once the products reach their final destination. The protective vapor molecules disappear within two hours, leaving a pristine final product. Northern Tech invented the technology before the turn of the century. The basic patent has expired. The company continues to hold an estimated 50%-75% of the market, though, due to superior marketing, customer service, product development, and dependability. Customers include a large proportion of the S&P 500 universe. Competition consists mainly of local op...
Federal Reserve Policy Quantitative Tightening Benjamin Bernanke, the former Fed chief, helped rescue the financial system in 2009. He started by slashing short-term interest rates. But that didn't end the crisis. Real estate caused the collapse. That industry depends on long-term interest rates. Bernanke needed to get those down, too. So he invented a completely new policy tool. Since it was never done before, people still argue about whether it worked or not. There's no yardstick to compare it against. Most experts think the American economy would have recovered no matter who was in charge. But they generally agree that "Quantitative Easing" had a positive effect. The methodology was two-fold. The Federal Reserve printed money. Trillions of dollars. The entire U.S. money supply ("M2") today is $14.5 trillion. Bernanke pri...
Growth Stock MAM Software (Nasdaq - MAMS) $8.00 MAM Software is a leading provider of software used by the automotive aftermarket industry. Customers include tire dealers, service centers, collision repair shops, and parts retailers. The company also supports wholesalers and e-commerce operators. The aftermarket business is a massive industry with hundreds of thousands of locations. Several chains use modern internally developed systems. But a majority of the industry still relies on character-based programs that are slow, hard to use, unreliable, and difficult to maintain. MAM converted its technology to a cloud-based format in 2010. That design improved reliability. It also made innovation easier, while cutting costs. The company's initial emphasis was on smaller customers. Penetration was strongest in the United Kingdom, where the company gained a 75% market share. MAM developed an enterprise v...