Sentences with phrase «net current asset value»

The data suggests to me and to everyone else that there are a large number of net current asset value bargains available there.

I am going to invest in Japanese net current asset value stocks.

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.

Most have a negative net current asset value, as their liabilities exceed their current assets.

Stocks trading at less than net current asset value inherently provide a large margin of safety.

The chart shows the average performance of stocks trading below 75 % of net current asset value from 1956 to 2010.

I'm going to follow my simple quantitative model — the Graham net current asset value strategy — and take some positions in Japanese net nets.

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.

Posted in Activist Investors, Greenbackd Portfolio, Net Net Stocks, Network Engines Inc (NASDAQ: NENG), Stocks, Trinad Management Tagged Net Current Asset Value, Net Net Stock, Network Engines Inc (NASDAQ: NENG) Leave a Comment

Working capital calculations such as Net Current Asset Value (NCAV) and Net Net Working Capital (NNWC) provide valuable metrics with which to measure against price in order to identify bargain stocks.

Posted in About, Activist Investors, Stocks, tagged Activist investment, Liquidating Value, Net Current Asset Value on April 12, 2010 1 Comment»

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.

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.

If you want to see complete list online in real time, go to GuruFocus Benjamin Graham Net Current Asset Value Screener (subscription required).

-LSB-...] Net Current Asset Values: A Performance Update or Lakonishok, Shleifer, and Vishny's Contrarian Investment, Extrapolation and Risk).

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.»

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.

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.

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 few stocks that do have a positive net current asset value are generally trading a substantial premium to that value, with the exception of NWD and ZING, which qualify as Graham net nets.

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:

In the Charlie Rose interview Ross discusses his analysis of LTV, which is basically a classic Graham net current asset value analysis:

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.

Famous value investor Ben Graham actually created Net Current Asset Value as a way of understanding intrinsic value and whether or not a company was trading at a fair price.

Jonathan Heller of Cheap Stocks - fame mentioned it back in October 2005 in a list of the Top 20 Market Cap Companies Trading Below Net Current Asset Value.

He wrote his masters thesis on the performance of Net Current Asset Value stocks.

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.

Posted in Activist Investors, Net Net Stocks, Network Engines Inc (NASDAQ: NENG), Stocks, Trinad Management Tagged Net Current Asset Value, Net Net Stock, Network Engines Inc (NASDAQ: NENG), Trinad Management 3 Comments

Jae Jun at Old School Value has a great post, NCAV NNWC Screen Strategy Backtest, comparing the performance of net current asset value stocks (NCAV) and «net net working capital» (NNWC) stocks over the last three years.

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»

In October I introduced a «monthly» net - net watch list based on the GuruFocus Benjamin Graham Net Current Asset Value Screener (subscription required).

Calculations such as Net Current Asset Value (NCAV) and Net Net Working Capital (NNWC) provide valuable metrics with which to measure against price in order to identify bargain stocks.

This is not to say that I have any great conviction about Japan or Japanese net current asset value stocks.

We've recently been using the GuruFocus Benjamin Graham Net Current Asset Value Screener (subscription required) to generate regular watchlists of net net stocks.

His net - net selection criterion was buying stocks trading as low as 2/3 of their net current asset value (NCAV).

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).

-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»

Hence the «net current asset value» of an industrial security is likely to constitute a rough measure of its liquidating value.

Posted in About, Greenbackd, Greenbackd Portfolio, Liquidation Value, Net Current Asset Value, Net Quick Stocks, Net Quick Value, Stocks Tagged Investing, portfolio construction, Value investing 2 Comments

Posted in Activist Investors, Aldebran Capital, Chromcraft Revington (AMEX: CRC), Net Cash Stocks, Net Net Stocks, Stocks Tagged distressed investing, Liquidating Value, Net Current Asset Value, Net Net Stock, Net Quick Value 1 Comment

When a stock is selling at much less than its net current asset value, this fact is always of interest, although it is by no means conclusive proof that the issue is undervalued.