November 2025

11/3/20251 min read

Brevity often carries more value than you think...

November brought limited activity - mostly waiting on earnings. A few names (AFYA, BRZE, CPRX) appear to have bottomed based on technicals. I've kept position sizes unchanged and remain primarily in cash, waiting for better entry points.

Current holdings as of November 2025:

  1. ELMD (Electromed) - Medical devices (pulmonary care).

  2. CXDO (Crexendo Inc.) - Cloud communications platform software.

  3. MAMA (Mama's Creations) - Fresh deli-prepared foods.

  4. CPRX (Catalyst Pharmaceuticals Inc.) - Rare disease research and commercialization.

  5. BRZE (Braze Inc.) - Customer engagement platform.

  6. AFYA (Afya Limited) - Medical education in Brazil.

  7. Cash.

I remain on the sidelines pertaining to additional positions. Earnings should drive movement in several names - I'll share those thoughts next month. I have included a chart (built with excel) for tracking... but might figure out a way to get more sophisticated. Cheers. 

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