Kaiser Research Online serves a dual purpose as an online research portal covering the mining and exploration sectors and as a source of company-specific recommendations. Three core services fulfill this dual mission: 1) Company Specific Recommendations, 2) Trend Analysis of companies in a particular sector (such as intermediate gold producers) through KRO indices, and, 3) a Searchable Database of individual companies. Everything is included in a membership fee of USD $250 per quarter or USD $800 annually. A one time one month trial membership which provides full access is available for USD $100.
Company Specific Recommendations
Company Specific Recommendations come in two formats: the "Bottom-Fishing System" which targets juniors that are either out of favor or are missing key elements and which have a "bottom-style" chart pattern, and, the "Spec Value Hunter System", which looks at juniors through the perspective of the "rational speculation model" as well as traditional research recommendation considerations.
Bottom Fish Recommendations focus on companies offering the prospects of 500% or higher gains over longer-term time frames, and are made with an eye to allowing subscribers a reasonable window of accumulation before the story begins to accelerate. These are very risky companies in a sector with a high attrition rate in the form of delistings or reorganizations involving substantial stock rollbacks. By tagging companies as "bottom-fish" we are highlighting those companies which have potential for a revival.
Bottom-Fish are presented in the form of Editions with an initial publication date. Bottom-Fish may be added during the term of the Edition, which may be 1-3 years depending on market cycles. Bottom-Fish are not recommendations in the proper sense; they are in effect a watch list intended for KRO members who have the sophistication to conduct deeper research on these companies, form their own expectations as to what needs to happen to generate higher prices for these stocks, and monitor developments in a manner that allows KRO members to design their own selling strategy for positions bought at bottom-fish prices. We do assign "priority" rankings to reflect the degree of confidence we have that a bottom-fish bought in its bottom-fishing price range will deliver significant gains from those levels.
We no longer provide formal sell recommendations for bottom-fish. In the past we tried to provide staged partial sells to reflect the bottom-fishing principle of "always being wrong by selling some too soon and some too late with the consequence of a big capital gains tax bill", but these partial sells tended to have a negative affect on the stock price and annoyed KRO members who were content to ease out of their bottom-fish positions quietly and with their own timing. Under the new approach KRO monitors the bottom-fish list for companies that are "awakening", checks out their stories to see if they may be suitable for a Spec Value Hunter buy recommendation, and if they are, we make a formal Spec Value recommendation which sets a price target and timeline based on articulated expectations.
There is no commitment to provide ongoing coverage of Bottom-Fish picks, but there is a commitment to cover Spec Value Hunter picks until closed out. We may, however, provide bottom-fish comments explaining what seems to be driving the stock and what our own view is of where it might end up, but these will not be formal recommendations. When we decide a Bottom-Fish edition is getting long in tooth, we will warn about a technical closeout date, which will usually be the last day of the year. For example, the Bottom-Fish 2009 Edition, launched December 24, 2008, and the Bottom-Fish 2010 Edition, launched December 31, 2010, were both closed out on December 31, 2011. A new Bottom-Fish Edition has not yet been launched. KRO staff may already own bottom-fish when they get added to a bottom-fish edition, but are banned from buying the stock while researching it for possible inclusion in a bottom-fish edition. Because the Bottom-Fishing system is a do-it-yourself system with no formal sell recommendations, KRO staff are free to sell their positions without warning so long as the company does not have an open Spec Value Hunter recommendation. (Read more about Bottom Fish recommendations...)
Spec Value Hunter Recommendations employ our rational speculation model, where we target companies with more developed stories than those recommended as Bottom Fish picks. Unlike Bottom Fish picks where we have 500% gains as long-term price targets to offset the high risk of nothing happening, or worse, the bottom-fish disappearing altogether, spec-value picks are generally of a shorter-term nature with more modest price targets. KRO uses the Bottom-Fish editions as a sort of farm team for future Spec Value picks. If a bottom-fish makes a major acquisition or discovery, and KRO's research concludes that the evolving story offers meaningful upside, and merits coverage, KRO will produce a Spec Value Buy recommendation. Once a Spec Value Buy recommendation is open KRO staff cannot sell their positions until the recommendation has been closed out or turned into a Fair Speculative Value Hold. A Fair Speculative Value Hold means that in the opinion of KRO further price movement is a function of market trends or uncertain future developments rather than a failure by the market to recognize the speculative value KRO sees in the stock. (Read more about Spec Value Hunter recommendations...)
Sector Trend Analysis
Macro trends have a significant impact on the more advanced resource sector companies which creates the problem that a stock's up or down trend may be due to commodity price trends or project fundamentals. In order to distinguish the two price drivers KRO has created a series of indices which track how a group is performing over time, typically in comparison to the price trend for the key related commodity. The KRO Index System also allows us to see whether an individual index member is out or under performing its index. We also have Project Resource Estimate database where companies are listed according to the size of their gold, copper, or uranium resource, or by the per ounce or pound valuation. This database is not searchable, but it is provided in the form of variously ordered tables. Whenever a company shows up in KRO, its name is usually a link to the KRO Company Profile which is a very long web page that contains all the current information we have about the company such as management, financial condition, index memberships, recommendation history, and projects, including resource estimate details if one exists.
KRO Search Engine and Research database of individual companies
A third Kaiser Research service, one which forms the analytical core of Kaiser Research and which for some members is the primary service, is our information system covering over 1800 North American listed resource sector companies. Our company research database is a critical tool that includes both basic information concerning a company's price, trading volumes, financial position, and management, as well as detailed project information including extant resource calculations. Much of this information has been categorized to allow the construction of complex searches through the KRO Search Engine which made its debut in December 2011. A central aspect of the company database system is our People Tree System that allows subscribers to track individual company management through their affiliated companies, including previous buyouts, as a way to assess the skill and network of management and major shareholders. The company profiles in the database are intended to serve as vehicles for rapidly familiarizing oneself with a company and its projects, and as launching point for those interested in doing further research, and as such includes links to company websites, regulatory filings, and stock forums.
The multiple services included in a Kaiser Research Online membership expand considerably upon those offered in traditional "newsletter" formats offering simple buy-sell instructions, and reflect our goal of providing both the highest quality recommendations to subscribers and our desire to provide members with tools to increase their own knowledge and awareness of the sector in a way that goes beyond simply the companies we cover. While a membership does provide readers access to tremendous amounts of information, the system is also a flexible one intended to be user friendly and to accommodate a range of skill and interest levels. While some subscribers make little use of the database and information systems and instead focus on our recommendations, the system is also one where a number of professional clients use it extensively in order to generate their own picks and monitor their own portfolios. Regardless of an individual reader's inclination, we maintain a single price for all these services, allowing members a range of individual options regarding how they choose to pursue the various opportunities generated by a Kaiser Research Online membership.
To become a member of Kaiser Bottom-Fish Online complete a First Time Registration.