Azarias Capital Management, L.P. (“Azarias”) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. Material contained or linked to on this webpage should not be construed as a solicitation to effect, or attempt to effect transactions is securities, or the rendering of personalized investment advice over the Internet. Azarias may only transact business in those states in which it is registered, or qualifies for an exemption of exclusion from registration requirements. For information pertaining to the registration status of Azarias, please access the United States Securities and Exchange Commission’s Adviser Information Web Site at http://www.adviserinfo.sec.gov/.

All investments contain risks, and investors should consider the risks associated with investing in our investment products. Value investing involves the risk that the investment in companies whose securities are believed to be undervalued, relative to their underlying profitability, will not appreciate in value as anticipated. Stocks of small companies may be more volatile than, and not as readily marketable as, those of larger companies. Investments made in small capitalization companies are subject to a higher degree of market risk because they tend to be more volatile and less liquid when compared to larger, more established companies. The material included on this website is for informational purposes only, and should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or investment product or to adopt any investment strategy.

All information in this website, including with respect to investment objectives and themes, is subject to change without notice or notification of such changes made. The material on this website is not investment, legal, tax, or accounting advice. This website includes forward looking statements and statements of opinion. No representations are made that any of such statements will prove to be accurate, and there is a substantial likelihood that some or all of the forward looking statements will prove highly inaccurate. No endorsement or recommendation is made as to any other entity or issuer, or any security issued thereby, that is referenced in this website, and any information regarding any such entity, issuer or security should be obtained from such entity or issuer directly. References on this website to “Azarias” or “Azarias Capital” or “ACM” are references to Azarias Capital Management.

Past performance is no guarantee of future results. Investing involves risk, including the possible loss of principal and fluctuation of value.

Social Media Disclosure

The LinkedIn and Twitter pages are administered by Azarias Capital Management LP (“Azarias”). Any content published, or views expressed by Azarias on this page are for informational purposes only and should not be considered individual investment advice or a recommendation to invest in any specific security or sector or to adopt any investment strategy. The comments and views expressed by Azarias are subject to change based on changing market and economic conditions as well as other factors, are not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment or strategy. Azarias will not undertake to update any comments or opinions at a later date.

Azarias will monitor its LinkedIn and Twitter page and reserves the right to delete any comment or post that it, in its sole discretion, deems inappropriate or offensive. Any opinions expressed by persons submitting comments to our posts do not necessarily represent the views of Azarias.

Azarias is not affiliated with LinkedIn or Twitter and is, therefore, not responsible for the content, terms of use or privacy or security policies of LinkedIn or Twitter. You are advised to review such terms and policies. Additionally, Azarias is not responsible for the content of any site owned by a third party that may be linked from our LinkedIn or Twitter page or other LinkedIn.com or Twitter pages via hyperlink. If you opt to access these other websites via hyperlink, you do so at your own risk.