Excerpt from the Stanphyl Capital letter to investors for the month of June 2018 discussing their long positions in two micro-cap plays (one was just purchased at a massive premium and you could have still bought a few weeks ago). Stanphyl was profiled in the second edition of HVS and has had some of the best picks among all the funds we have profiled with 200%+ returns on some pitches.
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In June it was announced...

