Friday, February 22, 2008

Cheap Stocks 21 Net/Net Index Flat for Week ended 2/22/08

The Cheap Stocks 21 Net/Net Index closed it's first full week at 98.62, flat versus last week's close. Since inception (2/12/08), the index is down 1.38%.

Winners for the week included Finish Line Inc (FINL), up 18.8%, Renovis (RNVS) up 7.9%, and Medicinova (MNVS) up 5.6%. Losers included Charles and Colvard (CTHR) down 13.8%, Replydyne (RDYN)down 13%, and Handelman (HDL) down 10%.

Price swings are wide in net/net land, and double digit gains or losses are not uncommon given the attributes of the typical net/net.

Selected Index Fundamentals
Average Market Cap: $109.7 million
Average Net Current Asset Value: $86.1 million
Market Cap/NCAV: 1.27
Total Market Cap of Index Members: $1.809 billion
Total Cash of Index Members: $1.303 billion

We've received many comments and inquiries about this index, and will attempt to respond to them all.

*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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