Last September, we posted a Guest Blogger's take on Steak n Shake. The story has gotten even more interesting since then, and you can read my recent column that appeared on RealMoney and Yahoo Finance.
Since my piece ran earlier this week, the company announced its intention to acquire a small insurance company Fremont Michigan InsuraCorp Inc (FFMH.OB), which was rejected this morning by Fremont.
Stay tuned..
*The author has a positions in Steak n Shake. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only.
Wednesday, December 23, 2009
Saturday, December 19, 2009
Top Five Net/Nets to End 2009
It's hard to believe 2009 is almost behind us, and what a year it has been. Our own Cheap Stocks 21 Net/Net Index is currently flat since it's February 2008 inception. We'd hoped hoped for better performance, but this little index of misfits has performed better than the Russell Microcap Index, which is down about 20% during the same timeframe.
We plan to wind down CS21 once it hits the two year mark, and will replace it with a new net/net index.
We thought that there was no better way to say goodbye to 2009 then with a list of the current top five net/nets in order of market cap. Some of these names may look familiar to you, in fact one of them, Audiovox(VOXX) seems to have had a permanent place on the list.
Top Ten Net/Nets by Market Cap
Imation Corp(IMN)
Price: $8.78
Market Cap: $334
NCAV: $399.3
Cash: $111
P/E: NA
Mkt Cap/NCAV: .84
Movado(MOV)
Price: $9.22
Market Cap: $226
NCAV:$304
Cash: $49.5
P/E: N/A
Mkt Cap/NCAV: .74
Audiovoxx(VOXX)
Price: $7.39
Market Cap: $169
NCAV: $210
Cash: $70.5
P/E: NA
Mkt Cap/NCAV: .80
Opnext(OPXT)
Price: $1.86
Market Cap: $165
NCAV: $196
Cash: $155
P/E: .84
Mkt Cap/NCAV: .84
Axcelis Technologies(ACLS)
Price: $1.26
Market Cap: $131
NCAV: $173
Cash: $41
P/E: N/A
Mkt Cap/NCAV: .76
Merry Christmas, and happy holidays!
*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.
We plan to wind down CS21 once it hits the two year mark, and will replace it with a new net/net index.
We thought that there was no better way to say goodbye to 2009 then with a list of the current top five net/nets in order of market cap. Some of these names may look familiar to you, in fact one of them, Audiovox(VOXX) seems to have had a permanent place on the list.
Top Ten Net/Nets by Market Cap
Imation Corp(IMN)
Price: $8.78
Market Cap: $334
NCAV: $399.3
Cash: $111
P/E: NA
Mkt Cap/NCAV: .84
Movado(MOV)
Price: $9.22
Market Cap: $226
NCAV:$304
Cash: $49.5
P/E: N/A
Mkt Cap/NCAV: .74
Audiovoxx(VOXX)
Price: $7.39
Market Cap: $169
NCAV: $210
Cash: $70.5
P/E: NA
Mkt Cap/NCAV: .80
Opnext(OPXT)
Price: $1.86
Market Cap: $165
NCAV: $196
Cash: $155
P/E: .84
Mkt Cap/NCAV: .84
Axcelis Technologies(ACLS)
Price: $1.26
Market Cap: $131
NCAV: $173
Cash: $41
P/E: N/A
Mkt Cap/NCAV: .76
Merry Christmas, and happy holidays!
*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.
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