Saturday, October 25, 2008

It certainly may feel that way in this panic driven market, and your portfolio may be reflecting doomsday, but we will recover. If you are a forced seller, however, the losses are very real.

Of course, the list of net/nets grows by the day, and some of the names have never graced our list. Here's a sample of some of the new net/nets:

Ingram Micro
Ticker: IM
Price: $12.72
Market Cap: $2.11 billion
NCAV: $2.36 billion
Cash: $807 million
P/E: 7

Benchmark Electronics
Ticker: BHE
Price: $9.28
Market Cap: $617 million
NCAV: $761.4 million
Cash: $288 million
P/E: 7.5

Tuesday Morning
Ticker: TUES
Market Cap: $73 million
NCAV: $152 million
Cash: $8.6 million
P/E: 5

As always, buyer beware, especially in this market. "Cheap" stocks are often that way for very good reasons, and if conditions persist in the current environment, the fine line between "cheap" and bankruptcy will reveal itself.

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

1 comment:

Stepping Stone said...

I especially appreciated your comment about the difference between cheap stocks and possible bankruptcy. Good point. Great blog Jon! Connie