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CEO Spotlight: Trickle Research -Analyst Dave Lavigne
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SMM.Global               Executive Spotlight Questionnaire                

Dave Lavigne, Analyst and Manager of Trickle Research,  and Editor of SMM.Global’s Black Swan Connection


What is your professional and educational background?

I graduated with a BS in Finance from the University of Idaho in 1984.  As I recall I was a few Sociology credits away from an Economics degree as well, but at the time I wasn’t sure what I was going to do with one degree much less two. All I really wanted to do was be an equities analyst, which my education actually prepared me very well for. Unfortunately, there was not a lot of demand for those in the Inland Northwest.  As it turned out, one of my older brothers had opened a small Broker Dealer so he hired me, I think because my parents made him.  From there, I spent the next 18 years on the sell side working for a handful of broker dealers and I did just about every job there was to do and had a long list of licenses and registrations.  I prepared and filed financial statements, managed branch offices, was a National Sales Manager, a CEO and I even started and ran research departments and wrote equity research.  In 2002 I hung up my licenses and started a subscription based independent micro-cap research firm called EdgeWater Research. The subscription based approach in the microcap world was a bit unique at the time. I am still pretty proud of that. With a few iterations, I have essentially been writing independent microcap stock research ever since. My new research company Trickle Research is a throwback to my EdgeWater label, but SMM.Global provides me with a great distribution avenue that I didn’t have at EdgeWater. I am very excited about that relationship and opportunity.                

 

What best describes you, Athlete, Mathlete, Artist or other?  (Please elaborate).

In high school, I was a tailback, a cornerback, a point guard, a pole vaulter, a sprinter, a miler, a center fielder, a pitcher and a handful of others.  I was not good at math, but I WAS the salutatorian of my class (all 80 of them…my kids still roll their eyes when I say that).  I was on the debate team, and student council, and I played the drums in a rock band.  My experience was that coming from a small town I had an opportunity to participate in a lot of things… that doesn’t mean I was particularly good at any of them, but I did get to experience them. 

 

What is the best job you have ever had?

I am doing it.

I am quite passionate about small emerging companies. I learn new and innovative things every day, and many of the executives and associates of the companies I look into have amazing stories of their own, which often include extensive educational and professional backgrounds. While “microcaps” have a stigma, the fact is, there are many people running small microcaps today that could absolutely be running much larger enterprises, but their entrepreneurial natures keep them on this end of the market. I don’t have many boring days in this job. 

 

What is the worst job you have ever had?

Probably two.  The worst was probably being a CEO. I hate meetings, I prefer to rely on myself, and I hate meetings.   A close second was probably working retail in my Dad’s drug stores, especially during the Holidays. They were “small town” drug stores (when I was younger they even had soda fountains…another concept that perplexes my kids), so service was a big deal.  During the Holidays that meant wrapping Christmas presents free of charge.  I was and still am a bad Christmas present wrapper. The worst part was that Christmas wrapping gave way to year-end inventory, which meant counting pencils, fish hooks, penny candy…etc. It was brutal.       

What is your favorite food?

Beef….and a lot of it.

Where is the most interesting place you have ever been?

I am not very worldly, but I went to Austria/Italy one time for work.  That was cool.  One summer when I was in College, I worked in Washington DC for a Congressman.  That was interesting…culture shock.  Sort of like Mr. Smith goes to Washington.   

Where is your favorited place to be?

Our river property in Northern Idaho, with my ENTIRE extended family. It’s like a Hobo camp, with travel trailers, a cook shack, a fire pit, fishing poles and beer…lots of beer.  It the greatest place on earth.

 

What book are you currently reading?

I read SEC filings and other issuer collateral all day, so reading for pleasure is not typical for me.  I do however find some time to do it but it takes me forever to finish. My most recent is a book called “Abraham”, which is about…Abraham (go figure), the “Father” of monotheism.  It provides some interesting insights into Christianity, Judaism and Islam and their interrelationships.  I am also trying to read “The End of Alchemy”, but I need more “quiet time” to digest that one. 

 

What is the best book you have ever read?

Probably “The Forgotten Man”.  I tend to prefer non-fiction.

 

If you could go back in time and meet any historical figure, who would it be and why?

That’s easy. Jesus. In fact, it’s hard f or me to imagine anyone choosing anyone else, regardless of their religious views. That discussion would yield a lot of answers to a lot of questions a lot of people are asking. That said, the question should probably exclude him.  In which case, I think I would choose one of the Founding Fathers.  Thomas Jefferson maybe.  We speculate about what the Founding Fathers meant regarding one thing or another. It might be good to hear it from the “horse’s mouth”.  

Give us the elevator pitch description of your business.

Well for this interview, that is a two-part question. Trickle is a proprietary micro-cap/emerging enterprise research company. Trickle attempts to identify companies in the microcap space that are at the front end of some catalyst that could make the company considerably much more successful over the next 12 to 24 months, than it has been in the prior 12 to 24 months. The research is broadly generalist and is distributed exclusively to investors in Trickle Research, as well as some institutions we have relationships with.  However, we do have a (monetary) licensing arrangement with SMM.Global, which under certain circumstances allows SMM .Global to host and distribute our  research, which brings me to the second part of the question.

SMM.Global is creating a hub for information about small, underfollowed companies, which includes public as well as private enterprises.  We envision it as a place where investors can come (register) and find information that they may not otherwise be able to find.  In that regard, we intend to aggregate that information from a variety of sources.  Some of it will be our own proprietary content, and some will be from industry sources that we have developed relationships with over several years.  We also hope it will be a place where emerging companies can gain access to investors or other people who may be able to assist them.  We recognize there are other sites out there that may do some of these things, but we intend to differentiate ourselves with proprietary content that does not exist elsewhere, as well as some processes that may make the “search” more efficient.   

 

Why should investors visit (register) at SMM.Global?

As I alluded to above, I believe the microcap space is often misrepresented. As with most industries, professions, groups etc. there are good and bad participants. The fact is, there are many small companies that represent exceptional investment opportunities within the context of individual investors’ risk profiles and financial wherewithal. We think we are creating a great place for people to come and gather relevant, in depth and useful information in that regard.  Frankly, even for people who may not be in a position to purchase these types of assets, the site will contain information that we think people will find interesting in terms of what entrepreneurs and small companies are doing to change and improve the world.  As I said, in my capacity as a microcap, generalist analyst, I see new, interesting and exciting things every day, and some of those things we write down and put on the site.  People don’t even need to be investors to find that information interesting and valuable. However, for investors, we think we will present some extraordinary underfollowed opportunities.  Further, as we look at the investment landscape, we think there is going to be some premium in being a better “stock picker”.               

David Lavigne
dave@t4partners.com
720-394-1019


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9/25/2017
Rocky Mountain Microcap Conference