Friday, May 18, 2007

The Pickings are Getting Slimmer

Man, we sound like a broken record, and for that we apologize. But we still aren't finding many net/nets these days. As the Dow sets new highs, and the Nasdaq gets back to half of it's peak level, the cupboard housing companies trading below net current asset value is bare. Be that as it may, this week, we list the top five net/nets, by market cap:

Audiovoxx (VOXX)
Atlantic Coast Entertainment Holdings (ACEH)
Zapata Corp (ZAP)
MedicNova Inc (MNOV)
Glu Mobile (GLUU)

Regular readers may recognize Audiovoxx and Zapata, they seem to be perennial net/nets. Each of the others, however, are new to the list.

*The author does not have a position in any of the stocks mentioned in this report. This is neither a recommendation to buy or sell this security. All information provided believed to be reliable and presented for information purposes only.