AIM
AIM ImmunoTech Inc.
stock NYSEAMERICAN

my post grad degree from AIM

I think you're mixing up your timeline a little bit. Google has the bubble bursting as "2000", so I'll go with that. Sure, most people definitely weren't on their computers all day back then like they are now, but I was only 10 in 2000 and I was already chatting with probably 1/2 of my 4th grade class on MSN Messenger after school, while jamming out on Neopets flash games near daily. Same for my highschool aged brother brother, I still remember his custom notification sounds on AIM going off frequently as his class mates would sign in and out.
Looking at it retroactively, the increased daily usage is what caused the bubble, then as the hype got more in line with reality, that's when the bubble burst, just like what will almost certainly happen with AI.

I hold a position in UK-listed Tier-1 auto supplier CT Automotive (AIM: CTA), a low-cost producer of automotive interior parts (trim, air vents, etc). The stock is on 3.7x FY26 earnings, a significant discount to both history and peers. Before buying, I did a sizeable amount of research to give me confidence that it wasn’t “cheap for a reason” – this can be found in full on my Substack [here](https://longtailstocks.substack.com/p/ct-automotive-this-obscure-microcap?r=8w1or4&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true). I will give a brief TL;DR below:
The *bull case* is that $37m of new contract wins (32% of FY25 revenue) will drive a revenue CAGR of 10% to FY27. CT has a sustainable cost advantage as they produce in low-cost economies. Being the low-cost producer in a market with increasingly cost sensitive customers, means there are structural reasons to believe this growth will continue. Margins are sensitive to operational leverage, so 10% revenue growth converts to roughly 20% earnings growth. 
The three most obvious *bear cases* / reasons the stock is cheap are:
1)    Extrapolation of historical weakness – Revenue has fallen 19% since FY23, but this is a result of customers destocking excess inventory held to mitigate post-covid supply chain disruption. Inventory levels have now normalised, so this is no longer a headwind. 
2)    Largest customer in Chapter 11 – CT’s largest customer is auto supplier Marelli. Marelli entered Chapter 11 in 2025 and is now operating under Debtors-in-Possession (DiP). This did not impact operations, and bankruptcy risk presented by receivable exposure subsided with the publication of Marelli’s reorganisation plan (which confirmed no impairment for unsecured creditors).
3)    Nissan is largest end market – Sales to Nissan comprised of 49% of FY25 revenue. Nissan has had persistent volume declines owing to poor management. This exposure isn’t enough to justify the valuation: I estimate Nissan’s volume weakness represents a  < 2.5% drag on CT’s revenue growth and customer concentration is decreasing with the new contract wins. 
**In short, I don’t think any of the 3 above factors justify such a low valuation, especially for a company with a fundamentally strong business model. I welcome further discussion in the comments.**
N.B. The stock is down >25% following a H1 trading statement because of an earnings miss despite a revenue beat. Margins fell because of shipping-related cost inflation which was not passed through to customers. Management claims “the Group has contract mechanisms in place that claw back material and labour costs, time lags have deferred some of this cost recovery into H2 26”. I view this as credible because this is consistent with CT’s experience during previous periods of cost inflation (FY21/22).

# Today is Monday, the 10th of August
## Upcoming events for Monday, August 10th
- Stock splits:
- AEHL @ **1:16**
- SXTC @ **1:80**
- ELPW @ **1:45**
- EXXBF @ **1:12.59**
- NXTT @ **1:100**
- ONFO @ **1:50**
- TNON @ **1:35**
- THH @ **1:10**
- Expected earnings:
AAON, ACH, ACHR, ACM, ACVA, AIOT, AIRS, AIV, AKTS, ALC, ALCO, ALMR, ALTI, AMOD, AP, APEI, APGE, APVO, AREN, ARKR, ARQ, ASTS, ATLX, ATRA, AVBP, AVD, AVR, AXSM, AZTR, B, BALY, BBGI, BCSF, BHVN, BKD, BKKT, BNGO, BODI, BTDR, BW, BWMN, BZH, CAMT, CAPR, CBLL, CCAP, CECO, CEVA, CHMI, CHRN, CIB, CMCL, CNDT, CNNE, CODI, CRC, CTNT, CURR, CVKD, CWCO, CXAI, DH, DMAC, DOLE, DOMH, DPRO, DRTS, DSP, EDN, EIKN, ELOX, ELVA, ENTA, EROK, ESOA, EU, EVC, EXOD, FCUV, FDMT, FERG, FF, FLNT, FSTR, GAIA, GAME, GCMG, GCTS, GDOT, GENK, GETY, GHI, GPRO, GRFS, GUTS, GYRE, HFFG, HIMS, HLIO, HMR, HNRG, HPK, HQI, HROW, HRTX, HUMA, IAUX, IHRT, IMDX, IMXI, INHD, INR, INSW, INTT, JBS, JRSH, JRVR, KBDC, KEEL, KPTI, KSPI, LIF, LINC, LPSN, MAIA, MDCX, MDIA, MG, MITT, MLAB, MNDY, MPAA, MPT, MVST, MYPS, NABL, NESR, NGNE, NGS, NHI, NIQ, NIU, NSPR, NUS, NYAX, OLMA, OPAL, OPFI, ORKA, PAL, PALI, PANL, PERI, PFLT, PIII, PLBY, PLUG, PNNT, POET, POWW, PPHC, PRPL, QMCO, QNCX, QTRX, QUBT, RDNT, RDVT, RKLB, RPAY, RPD, RR, RUM, SANA, SBET, SBS, SCM, SDRL, SEPN, SER, SGRY, SHIM, SMC, SNDA, SOHU, SPG, SRFM, SVM, TARA, TCMD, TELA, TH, TLF, TLS, TNXP, TOVX, TPST, TTEC, TTRX, UPWK, URG, USAR, USAS, VERU, VFF, VHUB, VREX, VTAK, WBTN, YALA, ZEPP
- Ex-div:
AAPL, AEP, ASTE, BWFG, CARE, CBNK, ETHB, GABC, HIHO, HTO, MATW, MRBK, NBN, OCFC, PAX, SATA, SIRI, TSBK, YBST, YBTY
## Upcoming events for Tuesday, August 11th
- Stock splits:
- MSGY @ **1:8**
- MNST @ **2:1**
- Expected earnings:
AAME, ABSI, ACCS, AEON, AIB, AII, AMBO, AMBQ, AMTM, ANTA, ANTX, ANVS, ANY, APRE, AQST, ARI, ARMK, ARMP, ASST, ASTI, ATEX, ATOS, ATRO, AUTL, AVAL, AVXL, BBIO, BBOT, BCAX, BDCI, BDL, BEEP, BGS, BHST, BOLD, BORR, BRCB, BRTX, BSIN, BTAI, BWEN, CABR, CAH, CALC, CAVA, CDNL, CDXS, CENN, CINT, CMCT, COGT, COYA, CPBI, CRBU, CRDF, CRIS, CRNT, CRWV, CSHR, CTOR, CTXR, CUB, CUE, DCOY, DDI, DFSC, DMRA, DPC, DRCT, DRIO, DWSN, ECX, EFOI, EHLD, ELAB, ELE, ELME, EMBJ, EML, EMPD, EPRX, ERAS, EROC, ESLT, ETOR, EVLV, EXOZ, FAC, FATE, FDSB, FENC, FENG, FLD, FLOC, FLY, FMST, FNV, FTHM, FTW, GANX, GBR, GDC, GOSS, GRCE, GRWG, GTEN, HBIO, HOUR, HRB, HSLV, HUYA, HYFM, HYLN, HYNE, ICMB, IE, IFS, IHS, IMCC, IMNN, IMOS, IMSR, INTS, INTZ, INUV, IPM, IZEA, JBI, KAPA, KITT, KOPN, KYTX, LAND, LBRX, LEGN, LENZ, LGO, LHAI, LITE, LWLG, MANE, MASS, MAZE, MBOT, MBRX, MDAI, MGX, MIDD, MLCI, MLTX, MLYS, MNPR, MOBI, MREO, MSGS, MTEX, MXC, NAKA, NCMI, NKTX, NN, NNOX, NOEM, NPCE, NRGV, NRXS, NVRI, NXGL, OBIO, OGI, ONON, OPXS, OWLT, PASG, PHI, PHVS, PROK, PROP, PRSO, PW, PXLW, QNT, QUIK, RDNW, REED, REFI, RKTO, ROLR, RXT, SBFM, SBXD, SBXE, SCNX, SCWO, SE, SEER, SES, SFD, SHPH, SIEB, SKYX, SLAB, SLNG, SLS, SLSN, SLXN, SMCI, SMTK, SNAL, SND, SOC, SSTI, STIM, STRS, STXS, SWAG, SYPR, TACT, TALK, TBPH, TCRX, TEO, TGLS, TISI, TMCR, TME, TNGX, TONX, TRAX, TSHA, TXMD, UAMY, UPXI, VELO, VERA, VG, VHC, VINP, VIVS, VOC, VOR, VSTS, WATT, WHF, WKSP, WPRT, WRAP, WVVI, XBIO, XTNT, YHC, ZBIO, ZENA
- Ex-div:
AROW, CAKE, CNXN, HBT, KINS, SATA, WLFC
- Economic events and announcements:
- 3-Month Bill Auction (previous: 3.750%)
- 6-Month Bill Auction (previous: 3.855%)
- CB Employment Trends Index (previous: 106.69)
## Upcoming events for Wednesday, August 12th
- Stock splits:
- TYOYY @ **16:1**
- Expected earnings:
AADX, AARD, ABOS, ABVC, ACRV, ADGM, ADIL, AEXA, AFJK, AFYA, AHT, AIFF, AIRJ, AIRT, AKTX, ALLO, ALLT, ALMS, ALT, ALVO, AMCR, AMIX, ANDG, ANRO, AOSL, ARTL, ASBP, ASM, ATCH, ATER, ATPC, AURA, AVEX, AVIR, AZ, BCDA, BCG, BEBE, BETA, BFRG, BGDE, BGMS, BGSI, BHM, BKYI, BOC, BOF, BOXL, BRN, BSEM, BTCS, BTGO, BWAY, BYSI, CAE, CAPS, CATX, CBRS, CDZI, CEPL, CIRC, CNL, CNTB, COHR, CRT, CRWS, CSCO, CTGO, CURI, CVV, CYCU, CYN, DAIO, DBGI, DC, DERM, DFDV, DLPN, DRMA, DUKR, DWTX, DYAI, EARN, EAT, ENS, ENSC, ENVX, EP, EPSN, EQPT, ERNA, ESEA, EYE, FGI, FLYX, FOSL, FRVO, FURY, FWDI, GAUZ, GLBE, GLND, GO, GRO, GTEC, GURE, GXAI, HELP, HLIT, HTCR, HTT, HYPD, ICCM, ICU, IMTX, INBX, INDP, INFQ, INLX, INO, INVE, ITG, ITRG, ITRN, JACK, JBIO, JMIA, JOB, JSPR, KE, KLRS, KMDA, KOD, KRNT, KSCP, KTB, KURA, LESL, LFTO, LGVN, LIQT, LKSP, LMRI, LOCL, LPA, LQDA, LTRN, LVLU, LVO, MCHX, MINE, MIST, MOBX, MPTI, MRX, MSGE, MSGM, MSLE, MXCT, NAK, NBIS, NEON, NEXM, NEXN, NIXX, NNE, NOA, NSYS, NYC, ODYS, OFLX, ONMD, OPRX, OVID, PAAS, PARK, PBT, PDSB, PFGC, PHGE, PLGO, PLX, PODC, PPTA, PRHI, PRT, PTN, PURR, PYPD, QTI, RAIN, RDCM, RDZN, REZI, RNW, RNXT, RRGB, RSKD, SCLX, SCOR, SCYX, SDST, SECZ, SERA, SEV, SGMT, SID, SILO, SJT, SKYA, SKYH, SLND, SMTI, SMWB, SNFCA, SPCE, SPIR, SPMC, SPRO, SPRU, SSMR, STAA, STEM, STN, STUB, SUPV, SURG, SUZ, SVCC, SVRA, SXTP, TBBB, TE, TGEN, TGS, TII, TIL, TKC, TLPH, TONT, TRMB, UCL, UGP, USBC, USIO, VANI, VGAS, VIP, VLN, VOXR, VRME, WHK, WRD, WYFI, XBIT, XPON, XTIA, XXI, ZEO
- Ex-div:
CLBK, FBIZ, FTAI, KRNY, PCAR, SATA, WINA, WNEB
- Economic events and announcements:
- 3-Year Note Auction (previous: 4.179%)
- ADP Employment Change Weekly (previous: 15.00K)
- API Weekly Crude Oil Stock (previous: 2.690M)
- EIA Short-Term Energy Outlook
- Existing Home Sales (consensus: 4.05M, previous: 4.09M)
- Existing Home Sales (previous: -2.4%)
- NFIB Small Business Optimism (consensus: 97.8, previous: 97.4)
- Redbook (previous: 8.7%)
## Upcoming events for Thursday, August 13th
- Expected earnings:
ABEO, ACOG, ACTU, ADCT, AEBI, AEI, AEMD, AERT, AES, AEYE, AFCG, AGIG, AIFA, AIM, AIRE, AIRI, AIRO, AIT, ALH, ALM, ALOY, AMAT, AMPG, AMS, AMZE, ANNA, ANNX, API, APWC, ARAI, ARCO, ARX, ASPI, ATAI, ATXG, AUID, AVAH, AVX, AYA, BAFN, BAP, BATL, BBLG, BCHT, BCSS, BEAT, BEEM, BESS, BFRI, BIAF, BIRK, BKTI, BLIN, BLNE, BLRX, BLSH, BLTE, BN, BNKK, BOLT, BRAG, BRR, BTBT, BTTC, BUDA, BZAI, CAAS, CADL, CAMP, CAN, CAST, CBUS, CDIO, CDT, CELC, CEPF, CEPO, CEPU, CEPV, CETX, CHAI, CHGA, CIG, CISO, CITR, CJMB, CLBT, CLNN, CLRB, CLRO, CMMB, CNET, CNSP, CNSY, CNTN, CNVS, COCH, COCP, CODX, CPHI, CRDL, CREX, CRMD, CSAN, CSPI, CV, CVM, CWD, CYPH, DARE, DDS, DEFT, DJCO, DLO, DMRC, DNMX, DRUG, DSS, DTCX, DUOT, ECC, EDBL, EIC, ELBM, ELDN, ELMT, ELTK, ELUT, ELWT, ENHA, ENVB, EONR, EQ, ETON, EVTL, FABC, FBIO, FBRX, FBYD, FIGR, FOCL, FRMI, FRMM, FSI, FTLF, GALT, GCTK, GDS, GEMI, GLNG, GLOB, GLSI, GMRS, GNLN, GNPX, GNSS, GRDX, GRI, GRRR, GRSD, GTBP, GWH, GWRS, HAWK, HCTI, HCWC, HGBL, HIND, HIT, HIVE, HSDT, HTFL, HUBG, IBO, ICCC, IDAI, IDN, IGC, IKT, INKT, INV, IPDN, IPSC, IPST, IPWR, IQST, ISPC, ISSC, ITP, IVDA, IVF, IVVD, JAGU, JAGX, JCAP, JD, JFB, JTAI, KB, KGEI, KIDZ, KLC, KTTA, KULR, KYNB, LAC, LFWD, LGL, LGN, LIEN, LINK, LIVE, LNSR, LPL, LSF, LUCD, LUCY, LUNR, LWAY, LXEO, MAMO, MDBH, MDWD, MDXH, MFP, MGNX, MGRX, MGTX, MH, MIRA, MLCO, MLP, MNOV, MOB, MODD, MPLT, MRKR, MRLN, MSAI, MSC, MSN, MTA, MTNB, MTR, MWH, MYSE, MYSZ, NDRA, NERV, NHIC, NKTR, NMAX, NMG, NMTC, NOMD, NPWR, NSTS, NU, NUAI, NUWE, NXB, NXPL, NXTS, NXXT, OLOX, OMER, ONCO, ONDS, ONFO, ORMP, OSRH, OXBR, PAGS, PARA, PED, PETS, PEW, PFSA, PHIO, PLAG, PLYX, PMN, PNBK, POLA, PPSI, PRLD, PS, PSFE, PTHS, PUSA, PVL, PWCM, PYXS, QFIN, QSI, QXO, RDI, REBN, REKR, RENX, RKDA, RMTI, RNA, RNAZ, RNTX, ROC, RTB, RVP, SBC, SBEV, SBMT, SDOT, SGA, SHFS, SIDU, SIF, SKE, SKYQ, SLE, SLNH, SMID, SMXT, SNGX, SNYR, SOAR, SOWG, SPAI, SPCB, SPRB, SPRY, SQFT, SRG, SRTS, SRXH, SSYS, STG, STNE, STRT, STTK, SWMR, TCRT, TELO, TLNC, TMC, TNON, TOMZ, TOON, TOPP, TPR, TRAW, TSAT, TSSI, TVRD, TWAV, UAVS, UNCY, UPLD, VALN, VBIO, VENU, VERI, VIPS, VNRX, VS, VTIX, VTSI, VUZI, WAVE, WKHS, WWW, WYY, XAIR, XBP, XE, XELB, XHLD, XLO, XMAX, XNET, XOS, XRTX, XWEL, XXII, YARW, YCBD, YETI, YHGJ, YSS, YSWY, ZSQR, ZTEK, ZURA
- Ex-div:
DRS, EXE, FANG, LARK, PGC, POOL, PROV, SATA, SFD, TBLD, TTEK, VNOM, ZION
- Economic events and announcements:
- 10-Year Note Auction (previous: 4.580%)
- CPI (consensus: 0.1%, previous: -0.4%)
- CPI (consensus: 3.4%, previous: 3.5%)
- CPI Index, n.s.a. (previous: 333.95)
- CPI Index, s.a (previous: 332.57)
- CPI, n.s.a (previous: -0.35%)
- Cleveland CPI (previous: 0.2%)
- Core CPI (consensus: 0.2%, previous: 0.0%)
- Core CPI (consensus: 2.5%, previous: 2.6%)
- Core CPI Index (previous: 336.07)
- Crude Oil Imports (previous: 0.297M)
- Crude Oil Inventories (previous: 2.479M)
- Cushing Crude Oil Inventories (previous: 2.356M)
- Distillate Fuel Production (previous: -0.134M)
- EIA Refinery Crude Runs (previous: -0.183M)
- EIA Weekly Distillates Stocks (previous: -3.473M)
- EIA Weekly Refinery Utilization Rates (previous: -0.7%)
- Federal Budget Balance (consensus: -294.6B, previous: -120.0B)
- Gasoline Inventories (previous: -1.643M)
- Gasoline Production (previous: -0.309M)
- Heating Oil Stockpiles (previous: -0.144M)
- IEA Monthly Report
- MBA 30-Year Mortgage Rate (previous: 6.81%)
- MBA Mortgage Applications (previous: -2.9%)
- MBA Purchase Index (previous: 154.0)
- Mortgage Market Index (previous: 240.0)
- Mortgage Refinance Index (previous: 709.1)
- OPEC Monthly Report
- Real Earnings (previous: 0.8%)
- Thomson Reuters IPSOS PCSI (previous: 50.99)
- WASDE Report
^^^^2026-08-10