I have not missed a session of the Value Investing Congress since my first visit to the VIC West (at that time held in Hollywood and now in Pasadena) back in May of 2007. Its a first class event, and I've never walked away without several actionable ideas.
There have been a few surprises along the way as well. Two years ago at the New York VIC, Carl Icahn gave an unexpected (to me, anyway) presentation.
This is indeed a great opportunity to hear from some of the best value investors of our time, network with other like-minded investors, and rub elbows with value managers.
My friends at the Value Investing Congress have been kind enough to offer Cheap Stocks readers a discount of $1400, the early-bird rate starting today and ending on 9/13. For more information see the ad on our front page.
Hope to see you in NY!
Tuesday, August 31, 2010
Wednesday, August 25, 2010
Top Net/Nets By Market Cap
While the markets continue their rocky road, the ranks of the net/nets have slowly been increasing. There are currently 100 or so with market caps above $5 million. Certainly still somewhat slim pickings, but never boring.
Top 5 Net/Nets By Market Cap
Imation Corp
Ticker: IMN
Price: $8.70
Market Cap: $338 million
NCAV: $413.9 million
Market Cap/NCAV: .82
Cash & ST Investments: $251.3 million
PE: NA
ADPT Corp
Ticker: ADPT
Price: $2.84
Market Cap: $342 million
NCAV: $381.1 million
Market Cap/NCAV: .90
Cash & ST Investments: $389.7 million
PE: NA
PC Connection
Ticker: PCCC
Price: $6.36
Market Cap: $172 million
NCAV: $180.8 million
Market Cap/NCAV: .95
Cash & ST Investments: $49.8 million
PE: 12
Tuesday Morning
Ticker: TUES
Price: $3.6
Market Cap: $152 million
NCAV: $167.8 million
Market Cap/NCAV: .91
Cash & ST Investments: $2.6 million
PE: 19
Audiovoxx
Ticker: VOXX
Price: $6.32
Market Cap: $145 million
NCAV: $209.8 million
Market Cap/NCAV: .69
Cash & ST Investments: $83.6 million
PE: 6
What's a net/net list without Audiovoxx? This company has seemingly been a net/net for as long as I've been researching.
Further down the list in terms of market caps, We are also seeing some interesting names, and will opine on those in our next column.
*The author has no position in 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.
Top 5 Net/Nets By Market Cap
Imation Corp
Ticker: IMN
Price: $8.70
Market Cap: $338 million
NCAV: $413.9 million
Market Cap/NCAV: .82
Cash & ST Investments: $251.3 million
PE: NA
ADPT Corp
Ticker: ADPT
Price: $2.84
Market Cap: $342 million
NCAV: $381.1 million
Market Cap/NCAV: .90
Cash & ST Investments: $389.7 million
PE: NA
PC Connection
Ticker: PCCC
Price: $6.36
Market Cap: $172 million
NCAV: $180.8 million
Market Cap/NCAV: .95
Cash & ST Investments: $49.8 million
PE: 12
Tuesday Morning
Ticker: TUES
Price: $3.6
Market Cap: $152 million
NCAV: $167.8 million
Market Cap/NCAV: .91
Cash & ST Investments: $2.6 million
PE: 19
Audiovoxx
Ticker: VOXX
Price: $6.32
Market Cap: $145 million
NCAV: $209.8 million
Market Cap/NCAV: .69
Cash & ST Investments: $83.6 million
PE: 6
What's a net/net list without Audiovoxx? This company has seemingly been a net/net for as long as I've been researching.
Further down the list in terms of market caps, We are also seeing some interesting names, and will opine on those in our next column.
*The author has no position in 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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