Kyle Cerminara - All In

Please see https://www.fgfinancial.com/corporate-overview/officers-directors/default.aspx for Kyle's official bio.  

 

Kyle "stopped by" The Business Brew to discuss his role as CEO of Fundamental Global.  In that capacity, he is focused on four portfolio companies: Ballantyne Strong Inc, BK Technologies Corp, GreenFirst  Forest Products Inc, and SPAC that reached a definitive agreement to purchase Opportunity Financial.  

 

Kyle has a very interesting background.  He is mentioned in David Einhorn's book, Fooling Some of the People All of the Time, because he crossed paths with David on the Allied Capital trade.  At that time, Kyle was a Financial Services analyst at T. Rowe Price.  Following his stint at T. Rowe Price, Kyle worked at SAC.  

 

Following his time at T Rowe Price, Kyle founded Fundamental Global with his partner Joe Moglia. Together, they take control of companies and look to create long term shareholder value.  In this episode, Kyle discusses why he does what he does, how he thinks about value creation, and what he is trying to accomplish.  

 

Bill and Kyle met when Mike Mitchell was The Business Brew's first guest.  Since that time, Bill has watched Kyle work tirelessly to execute his plans.  Consequently, Bill has grown to respect Kyle very much and wanted to feature Kyle as a guest.  

 

This episode may give a glimpse into a fantasy many investors seem to have: buying controlling interests in companies.  Bill's conclusion is he would rather partner with Kyle and let Kyle do the heavy lifting of execution.  

 

Disclosure:  Bill owns shares in 3 of Kyle's companies.  He won't name which ones because he doesn't want people to read anything into his decisions.  However, he will commit to hold every share for at least a year following this podcast episode.