Small caps · 2 min · Updated 27 Sept 2026
Where mispricing has room to last, why nobody publishes on it, and the risks that come with the territory.
Large companies are followed by dozens of analysts, and every piece of news is read and priced within hours. Below $2 billion of market value, many companies have no analyst at all. Nobody is paid to read their filings, so a change in their numbers can go unnoticed for months.
The Blind Zone list takes every company we value that meets four conditions, and it is rebuilt every night, ordered by margin of safety:
Large funds often cannot buy companies this small without moving the price, index funds only hold them in small amounts, and brokers have little to earn from covering them. Less attention does not make a company cheap, but it lets a cheap one stay cheap for longer.
The small cap section of each dossier shows liquidity, float turnover, short interest and days to cover, volatility, insider and institutional ownership, cash per share and an exit calculator: how many days it would take to sell a position without being more than a share of the daily volume.