Discerning Management Commentary: Are They Being Real or Saying What We Want to Hear? with Josh Womack and Tom Carey, Womack Capital Partners

My guests on the show today are Josh Womack and Tom Carey from Womack Capital Partners. This episode is especially timely with our conference coming up in Las Vegas because, as we covered here many times before, when you invest in a MicroCap stocks, you’re primarily making a bet on the jockey aka management. That means part of your due diligence process, in my opinion, should be listening to conference calls, interviews, presentations management has done, as well as meet with management in a 1x1 meeting and asking as many questions as you have. We’ve done many episodes discussing the do’s and don’ts of speaking with management, but surprisingly, we’d never done anything about how we should think about the information conveyed. That’s where Josh and Tom enter the conversation, both of whom have an immense amount of experience meeting with management. Tom’s background, in particular, I think differentiates their research process - his transition from doing investor relations full-time to being on the buy-side I think offers unique insight from someone who’s been in the room with management teams discussing how they want to speak with shareholders.  For more information about Womack Capital Partners, please visit: https://www.womackcapitalpartners.com/ To register for the upcoming Planet MicroCap Showcase: VEGAS happening on April 25-27, 2023, please visit: https://planetmicrocapshowcase.com/  Today’s episode is sponsored by: Stream by AlphaSense, an expert interview transcript library that integrates AI-generated call summaries and NLP search technology so their clients can quickly pinpoint the most critical insights. Start your FREE trial on their website: https://streamrg.co/PMC Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the SNN Network YouTube channel. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft