The net
current asset value approach is the oldest approach to investment in groups of securities with common selection characteristics of which we are aware.
You will never find a good company trading below net
current asset value because these insanely cheap valuations are the result of small size and business problems.
We think it presents the discount applied to the carrying values and the net
current asset values more clearly than the previous summaries.
In Testing Ben Graham's Net
Current Asset Value Strategy in London (Word format), a paper from the business school of the University of Salford in the UK, the strategy was applied to stocks listed on the London Stock Exchange in the period 1980 to 2005.
This site is dedicated to undervalued asset situations, but I haven't yet spent much time on undervalued asset situations other than liquidations and Graham net
current asset value stocks.
We've written down VOXX's receivables by 20 % to $ 144.2 M or $ 6.30 per share and VOXX's investory by 50 % to $ 74.7 M or $ 3.26 per share to arrive at a
total current asset value of $ 236.7 M or $ 10.35 per share.
At yesterday's close of $ 0.44, VVTV has a market capitalization of $ 14.8 M, which is half its net
current asset value of around $ 29.5 M, or $ 0.88 per share.
If you want to see complete list online in real time, go to GuruFocus Benjamin Graham Net
Current Asset Value Screener (subscription required).
Posted in About, Activist Investors, Stocks, tagged Activist investment, Liquidating Value, Net
Current Asset Value on April 12, 2010 1 Comment»
That paper demonstrates a purely mechanical annual rebalancing of stocks meeting Graham's net
current asset value criterion generated a mean return between 1970 and 1983 of «29.4 % per year versus 11.5 % per year for the NYSE - AMEX Index.»
After deducting total liabilities of $ 25M, we estimate IKAN's net
current asset value at $ 60.8 M, and its liquidating value at $ 63.2 M or $ 2.19 per share.
Net Asset Value (NAV): Net asset value is the Market value of investment held by the fund
+ current asset value + any accrued income net of fund management charges — value of current liabilities and provisions of fund, divided by the number of units it has issued.
the compounder, because it compounds our money for us) or 10 — 20 Ben Graham net - nets (companies purchased for less then their net
current asset values just as Benjamin Graham pioneered it over his long and lucrative investment career).
Posted in About, Activist Investors, Stocks Tagged Activist investment, Liquidating Value, Net
Current Asset Value 1 Comment
The first being Benjamin Graham's net
current asset value method that looks for companies trading for less than two - thirds their current assets less all their liabilities, which is a rough measure of their liquidation value.
Net, net current assets refers to net
current asset value after deducting all GAAP liabilities, both short term and long term.
The example had been of a net — net
current asset value issue, which had been one of Graham's famous criteria from the 1930s for investing.
The article described a study undertaken by Henry Oppenheimer, an Associate Professor of Finance at the State University of New York at Binghamton, in which he examined the investment results of stocks selling at or below 66 % of net
current asset value during the 13 - year period from December 31, 1970 through December 31, 1983:
Net
current asset value ascribes no value to a company's real estate and equipment, nor is any going concern value ascribed to prospective earning power from a company's sales base.
In 2010 I examined the performance of Graham's net
current asset value strategy with Sunil Mohanty and Jeffrey Oxman of the University of St. Thomas.
It's something I've been thinking about a great deal recently as I grapple with the merits of an investment in Japanese net
current asset value stocks.
Estate taxes are based upon the
total current asset value, so 2nd to Die Life Insurance can protect family estates such as real estate, property, family farms and other hard assets from liquidation.
In October I introduced a «monthly» net - net watch list based on the GuruFocus Benjamin Graham Net
Current Asset Value Screener (subscription required).
Posted in About, Net Cash Stocks, Net Net Stocks, Share buy - backs, tagged MEMSIC INC (NASDAQ: MEMS), Net Cash Stock, Net
Current Asset Value on January 22, 2009 2 Comments»
Its net
current asset value at the last reporting date was a little higher at around $ 180M or $ 1.77 per share.
Graham's net
current asset value rule for acquiring sub-liquidation stocks is an example of such a simple, unambiguous investment strategy; simple to calculate, with concrete rules for its application.
At yesterday's close of $ 0.44, VVTV has a market capitalization of $ 14.8 M, which is half its net
current asset value of around $ 29.5 M, or $ 0.88 per share and 20 % of our estimate of its value in liquidation of around $ 74.8 M or $ 2.23 per share.
The implementation of Grahams approach was performed pretty simply: Annually on Dezember 31, stocks trading below 0.75 times net
current asset value (NCAV) were selected and a diversified portfolio was constructed.
His net - net selection criterion was buying stocks trading as low as 2/3 of their net
current asset value (NCAV).
-LSB-...] an aside, whenever I see back - test results like the ones above (or like those in the Net
current asset value and net net working capital back - test refined posts) I am reminded of Marcus Brutus's oft - quoted line to Cassius in Shakespeare's -LSB-...]
Posted in Activist Investors, ARC Wireless Solutions (NASDAQ: ARCW), Brean Murray Carret, Stocks, tagged ARC Wireless Solutions (NASDAQ: ARCW), Brean Murray Carret, Net Cash Stock, Net
Current Asset Value, Net Net Stock, Net Quick Value on January 28, 2009 3 Comments»
Phrases with «current asset value»