Peter Lynch, a 78-year-old investment guru, is still tirelessly "turning the stone".

The former Fidelity Magellan fund manager acquired a 5.2% stake in alternative health care provider Imac Holdings Inc. 5. 2%, making the legendary investor's portfolio rare, according to his latest 13G filing with the securities and exchange commission.

After the news was disclosed, the company's shares soared more than 20% at midday, compared with IMAC's 85 cents.

The company's shares rose another 22% the next day to close at $1.15 on May 27.

Mr. Lynch said in an interview that he tried to avoid owning more than 5% of specific shares, but he didn't realize that his $1.2 million stake had pushed him beyond that threshold and asked him to disclose it in a filing on Wednesday.

Lynch said he likes small-cap stocks because "they are not very popular," but declined to discuss the reasons for his investment in IMAC.

What kind of company is IMAC?

IMAC, a Brentwood, Tennessee-based company founded in 2015, operates 15 outpatient clinics across the United States. These clinics provide sports medicine treatment, focusing on regeneration, orthopaedics and minimally invasive surgery.

The company went public in February 2019, but its share price has not performed well since then, falling 73% since the listing.

Short interest rates on the company's shares fell sharply in April, totaling just 261200 shares as of April 30. This is 29.6% lower than on April 15.

In terms of business model, this is a company that provides conservative medical services, combining advances in life sciences with traditional medical services, focusing on helping professional athletes recover from injuries.

The company focuses on "treating sports and orthopedic injuries and exercise-restricting diseases without surgery or opioids." "

Provides exercise, orthopaedics and neurotherapy through its innovative Medical Progress and Care (IMAC) regeneration center chain.

The company's outpatient clinic provides conservative, non-invasive medical services to help patients with back pain, knee pain, joint pain, ligament and tendon injuries and other related soft tissue diseases.

Its BackSpace retail spinal health and health treatment center provides chiropractic care in Walmart Inc's location.

The company is also conducting a phase I clinical trial to evaluate candidates for bone marrow mesenchymal stem cells for the treatment of motor retardation caused by Parkinson's disease.

It has offices in six states and operates about 17 outpatient clinics and four BackSpace clinics in two states of the United States.

At the same time, the company works with athletes and coaches, and some companies have regeneration centers named after professional athletes, including baseball player David Price and football player-turned-coach Mike Ditka.

Peter Lynch still loves small-cap stocks!

Although the company's share price soared after the news, investors were reminded that IMAC is a stock with very low trading volume and has been struggling since its listing, and Lynch's investment does not guarantee that IMAC's share price will improve.

Today, Lynch still maintains one of the best performance records, with an astonishing annualised return of 29 per cent from 1977 to 1990, almost double that of the S & P 500 over the same period.

The 46-year-old investment guru retired early in 1990 and left the public eye, but has been active in Fidelity's investment line.

His most recent public appearance was in an interview with Barron at the end of 2019, when Lynch mentioned that he was still bullish on growth stocks.

It's hard to see his position at the moment, and this time it's because of Lynch's own "glitch" that gives us a glimpse of his investment in the company.

As can be seen from this investment, Peter Lynch still loves small-cap stocks.

In fact, at present, there are also many domestic investors who pay attention to small and medium-sized stocks.

Dong Chengfei, a newly private Rui County Asset, said in a public roadshow in May that he would relatively focus on companies with small market capitalization because of the current macro uncertainty. Companies with small market capitalization may be farther away from macro.

Of course, he also stressed that it is necessary to choose carefully.

Qiu Dongrong, the medium Geng Fund, has previously said that a wider range of small and medium-sized market capitalization areas are systematic opportunities at the moment. On the one hand, there are traditional growth industries and companies, including small companies in the computer, auto parts, new energy vehicle industry chain, and even some high-end manufacturing companies; on the other hand, manufacturing, especially traditional manufacturing.

Peter Lynch is famous for investing in growth stocks. Today, his insights on growth stocks still apply when we look at many growing small and medium-sized companies.

Smart investors sorted out Peter Lynch's 32 classic golden sentences about investment and relived them together.

If you understand your original intention of buying a stock, you naturally know the right time to say goodbye to it.

1. Throwing away good stocks that make money and holding bad stocks that lose money is tantamount to pulling out flowers and watering weeds.

2. Sell the losing stock and let the profitable stock run a little longer.

3. As long as the earnings of fast-growing companies continue to grow, their scale continues to expand, and there are no obstacles to their growth, I will continue to hold shares in these fast-growing companies.

4. The selling technique for fast-growing stocks is not to sell too early and miss a bull stock that will rise tenfold in the future.

If you understand why you bought a stock in the first place, you naturally know the right time to say goodbye to it.

Patience is certainly a virtue, but if you own stocks that are no longer in their prime, your patience may not always be rewarded.

Words like "the child is sure to grow up" are unreliable.

7. Study and analyze a new stock carefully, at least as much time and energy as it takes you to choose a new refrigerator.

8. You have to know what you bought and why you bought it. Words like "this kid will grow up" are unreliable.

9. It is almost impossible to find Daniel stock in a calm and pleasant environment, just as a detective sits on the sofa and wants to find clues to solve the case.

10. Looking for good stocks worth investing in is like looking for bugs under a stone. Open ten stones and you may only find one.

If you look at 10 companies, you may find an interesting stock, if you look at 20, you may find 2, and if you look at 100, you may find 10. The company that inspects the most people will win the game of investing.

11. Owning stocks is like raising a child. Stay within your reach. Amateur investors can probably track 8-12 companies, but don't own more than five stocks at the same time.

The company that "any fool can run this business" is my dream

If the only reason you buy a stock is because you think its price will rise, then you shouldn't buy it.

13. "any fool can run this business" is a feature of an ideal company, and the stock of this kind of company is what I have always dreamed of.

14. The day when analysts are bored is the best time to buy.

Look for small companies that have made a profit and have proven to be able to replicate their business philosophy and succeed elsewhere.

16. Avoid hot stocks in hot industries. The best companies have bad times, and there are big winners in stagnant industries.

17. Do not believe in diversification. It has been proved that diversification often leads to the deterioration of the business situation of the company.

18. Investment ventures that will yield huge returns but have only a small chance of success will almost never succeed.

19. When people blow a stock as so-and-so second, it shows that not only this "so-and-so second" stock will run out of steam, but that so-and-so stock will also become a thing of the past.

The collapse of the stock market is actually a good thing.

20. If you can't convince yourself to stick to the correct belief that "I'll buy when my stock is down 25%" and get rid of the destructive false belief that "when my stock is down 25%, I'll sell". Then you will never get a decent return on your stock investment.

21. The sharp fall in the stock market is actually a good thing, which gives us another good opportunity to buy shares of excellent companies at very low prices.

22. Mature stock pickers have the same relationship with falling stock markets as Minnesota residents have with cold weather. You know that a sharp fall in the stock market always happens, and you are prepared to survive it in advance.

23. When 10 people would rather talk to a dentist about dental plaque treatment than a mutual fund manager about stocks, it is likely that the stock market will stop falling and bounce back.

While trying to avoid the bear market by timing, you often miss the opportunity to dance with the bull market.

Stocks that fall from the bottom are like flying knives.

It's always darkest before dawn, but sometimes it's always darkest before it gets dark at last.

26. Trying to buy a falling stock is like trying to grab a falling knife. Generally speaking, a safer way is to wait for the knife to fall to the ground, plunge it into the ground, wobble for a while, then stop moving, and then grab the knife and not return it.

27. If you are interested in distressed reverse stocks, you should find a stronger reason to buy, rather than because the stock has fallen so much that it looks likely to rebound.

28. The best time to sell a troubled stock is after the company has successfully turned the corner, all the difficulties have been solved, and every investor knows that the company has made a comeback.

29. The trick to investing is not to learn to trust your inner feelings, but to restrain yourself from paying attention to them.

30. Thinking that once you win a bet, you will make a lot of money, so you will often lose a lot of money if you make a big bet.