Edenbrook Capital

“I've intentionally separated research from portfolio management. And so we just don't have those discussions. It's much easier not to fall into those traps of defending something that's down too much or being gun shy about being asked about it if you never hav…”

“We do file 13 D's on companies, but we're not confrontational activists. We're looking for situations where we can interact positively with management teams and boards.”

“I had conversations with some of our family office investors who said, why don't you just have a separate private strategy for that, which I'm reluctant to do because I think if you go out and you raise capital for an idea, you're tempted to put the capital to…”

“Last year, we had a position that was a 15% position that went up 300% in the Fourth quarter.”

“We're 20 plus percent now in cash, and we would be, no, there's some things that we're buying today, and there's some things that we're selling today, so there's some changes to that, and we have periodic inflows, so that can change the cash level.”

“We're out in the suburbs. Why? A, it's close to my house and I like that, but also we don't get polluted by other people's ideas. We're not going to ideal lunches all the time. Our big idea is what are we going to have for lunch today? That's part of the proce…”

“In general, I would prefer not to because it's very time consuming and I don't want to be restricted. I don't want our investors to be restricted and it's not so much the sale because I think if we get the risk reward correct and the asymmetry of it, it's real…”

“We will build a position up to 15% At market, and then we generally aren't buying after that. We let it work, but if we're going to build something up to 15%, we also have to let it run. We can't build it to 15 and then say 20 is our max, because then we're on…”

“We've capped ourselves at five hundred million dollars of raised institutional capital, so We'll be above that because of compounding. Something in that high hundreds of millions of dollars range feels like the right place to stop. So whether it's six, seven, …”

“We've turned down more capital than we've raised because people are not great fits for it.”

“Coming into March of 2020, we had about low double digits in cash, but we had all of these puts that we had bought. And so when those puts really paid off, they became an extra significant amount of cash in the portfolio. So the VIX went up into the low eighti…”

“There really is no market for a slow growing or declining unprofitable company.”