Misfit Alpha

Misfit Alpha

Share this post

Misfit Alpha
Misfit Alpha
Intriguing IPOs: Signing Day Sports (SGN)

Intriguing IPOs: Signing Day Sports (SGN)

Some concepts are too good to be true. This is one of them.

Misfit Alpha's avatar
Misfit Alpha
Nov 14, 2023
∙ Paid

Share this post

Misfit Alpha
Misfit Alpha
Intriguing IPOs: Signing Day Sports (SGN)
Share
Triumphant Diagoras of Rhodes Carried by his Sons, Auguste Vinshon, 1812, oil on canvas (Ecole Nationale Supérieure des Beaux-Arts) (image credit: VladoubidoOo)

I think there are companies we like, and then there are companies we actively root for. They solve a unique problem you see and provide a solution that makes so much sense. These types of companies are, arguably, some of the most dangerous companies we can find as investors. We get so entranced with the problem they intend to solve that we often overlook the underlying issues that besiege it.

The first few paragraphs of Signing Day Sports’ (NYSEAMERICAN: SGN) prospectus made me want to run through a wall for this company. This business makes incredible sense to anyone intimately involved in high school and collegiate athletics as a student or parent. It is developing a platform that connects high school athletes with college recruiters through an online “resume” uploaded to their platform.

The underlying concept seems like an absolute layup. But as with so many investments, the devil is in the details.

I’m a fan of the business idea but won’t touch it as an investor for some time. Let’s dig into why.


Shoutout to Koyfin for their data and charts. Koyfin has become an integral part of how I screen for, track, and analyze companies. It has made the analysis process much faster thanks to having a decade of data at my fingertips instead of manually going through stacks of quarterly and annual filings.

Up your analysis process by Signing up for Koyfin. Click on the link below and receive 10% off your annual subscription.

Claim my 10% off Koyfin now!

Disclaimer: I have an affiliate partnership with Koyfin and receive compensation if you sign up via the link above. It helps me fund this endeavor. I would still recommend using it even if I didn’t have this partnership because it’s an awesome product, but I’d be stupid to turn down a revenue opportunity. You get a discount, Koyfin gets new business, and I get a commission. Win-win-win).

Keep reading with a 7-day free trial

Subscribe to Misfit Alpha to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Misfit Alpha
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share