Wednesday, September 19, 2012
Friday, September 14, 2012
Cheap Stocks 26 Net/Net Index First Year Performance
The CS 26 Net/Net Index ended its first year up 36%, versus 30.8% for the Russel Microcap Index. Despite strong performance, one year is not an adequate time period, in our view to measure success, or failure, and we'll copntinue tracking the index.
During the first year there were four names that were the subject of buyout or mergers, including Big Band Networks, Adams Golf, Parlux Fragrances, and Trimeris. Post merger companies Perfumania Holdings (PERF), which acquired Parlux, and Synageva BioPharma (GEVA), which acquired Trimeris, remain constituents of the index.
During the first year there were four names that were the subject of buyout or mergers, including Big Band Networks, Adams Golf, Parlux Fragrances, and Trimeris. Post merger companies Perfumania Holdings (PERF), which acquired Parlux, and Synageva BioPharma (GEVA), which acquired Trimeris, remain constituents of the index.
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