Tuesday, June 13, 2006

Didn't Get the Memo?

Surprisingly the calendar this summer is filled with investment conferences focused on small-cap companies. Perhaps the organizers did not get the memo to “sell in May and go away.” (See our May 30, 2006 post.)

The Arch Investment Conference and the Wall Street Analyst Forum Investment Conferences are scheduled for this week in New York. Both events appear to have full slates of micro- and small-cap companies pitching their most recent accomplishments and future promises.

These two events may be somewhat overshadowed by Morgan Stanley’s Small Cap Executive Conference, which is also scheduled for this week in New York. Morgan Stanley has assembled a wide ranging group, from La-Z-Boy (LZB: NYSE) to Cabot Microelectronics (CCMP: Nasdaq) to NovaStar Financial (NFI: NYSE).

If yet another round of investor conferences in New York City fails to excite you, UBS is holding its Swiss Small Mid Cap Conference in Zurich in August 2006. There is much to be said for the Swiss Alps in the late summer!

Putting all jests aside about holding an investor conference during the slow summer months, I note that contrarian investment strategies have proven particularly effective in the small cap sector. So the time might be well spent in researching some small cap stocks when no one else is looking.

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