Saturday, April 05, 2008

CS21 Net/Net Index Week in Review: Another Strong Week
The CS21 Net/Net Index closed the week up 5.2% to 105.4. Since inception, the index is up 5.4%.

For the past two weeks, the index is up more than 11%.

This Week's Winners:
Handelman(HDLM): +104.2%
Replidyne (RDYN): +33.1%
FSI Intl (FSII): +25%
Finish Line (FINL): +20%

Tandy Brands (TBAC): -17.4%
Chromcraft Revington (CRC): -11.4%
Trans World Entertainmebt (TWMC): -9.5%

Performance: Cheap Stocks 21 Net/Net Index vs Russell Microcap Index
Since inception (2/12/08):
CS21Net/Net: +5.4%
Russell Micro: -1.42%

We've stated often that net/nets are cheap for a reason, and they don't typically make the list because of positive company performance. They are often beaten down beyond belief, and the 1 year performance of the current members of the CS21 net/net index certainly proves this: On average, the 21 companies in the index are down an average of 53.33% since last year! Talk about bottom fishing! Could the CS21 Net/Net Index be the poor man's "Dogs of The Dow"?

*The author does not have positions in any of the companies that comprise The Cheap Stocks 21 Net/Net Index. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only. The author will not trade any of the securities mentioned (buy, sell, short) for at least two weeks following the date of this post.

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