illiquid stock returns sparkyAg wrote on the Agjunction site ( AJX.TO)
“Ibbotson sorts smaller-company equities into different classes based on their size and liquidity over a 37-year period, some interesting facts emerge. The worst-performing group is highly liquid, small-cap stocks, which returned 5.9% annually over the period. Ibbotson’s explanation is that these are micro-cap stocks that have been “pumped up.” In contrast, the equities that have produced the best returns over 37 years were illiquid small-cap concerns, which generated an astonishing 17.87% annual return over nearly four decades. In all likelihood, these companies represent small, overlooked companies that attract little interest or trading activity.” – Financial Advisor Magazine. "
It might apply to McCoy?