Caldwell Partners: Underfollowed 5.7% Dividend Payer With Short-Term Catalyst

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Caldwell Partners International Corp. (CWL on the Canadian TSX, and OTC:CWLPF on the OTC market) is a micro-cap executive recruitment search firm trading far below peers ahead of Nov 8th earnings. Direct competitors, Heidrick & Struggles International (HSII) and Korn/Ferry International (KFY) have already reported strong results and strong industry outlook.
Note on liquidity: This is a Canadian micro-cap with market cap ~CAD 30MM. Average volume is 9,900 OTC and 26,000 on the TSX. Bid/Ask spreads tend to be within only a couple pennies in Canada. As of close Nov. 2, 2018, share price CAD 1.40 on the TSX and USD 1.10 on the OTC Market
Note on fiscal year-end: Caldwell has a weird year-end of August 31st, which means the upcoming quarterly report is their Q4 ended August 31st, 2018, and not Q3 ended September. Also, All figures below are in Canadian dollars based on the TSX listing in order to use the best/most current information. Just keep that in mind as you see company financials.
Business Dynamics In Canada, companies are required to file a supplementary form called an Annual Information Form that really lays out details of their business in a clear manner, so I... Read more