This isn’t my first review of PLAN, but wow has it been a while. My first and only review of Progressive Planet came way back in November of 2022. They were just starting to hit some paydirt on the top line, but were still burning some cash and it looked like one to potentially watch. It was a $26M market cap then, and today sits at $16M. At the time I awarded them an encouraging watchlist worthy three stars but they have never seen any of my investing dollars. I’ve been on their investor email list ever since as is the case with dozens of not hundreds of other small and microcap companies. We all have our limits of what we can read and research and as a result they have just fallen off my radar.
There are some small cap investors whose ideas I follow more than others and one of those is Mathieu, who writes Stocks & Stones and he recently wrote about PLAN in his monthly piece which is always a must read. Link below.
While Mathieu isn’t invested in Progressive Planet, it was a trigger for me and I had an “Oh yeah, those guys - I wonder what they’re up to” moment.
Let’s find out.