Vishal Teckchandani: Welcome to Buy, Hold, Sell, brought to you by Livewire Markets. My name is Vishal Teckchandani, and today we're discussing quality small caps. These are companies with robust balance sheets. They're generating cash, but they do come at a price. The question is, is it one worth paying for?

Joining me on the show today is Simon Conn from Investors Mutual and Dean Fremder from Perpetual.