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).
Not exact matches
The first thing I'd do is «
net out»
Current Assets and
Current Liabilities,
then add Cash back in.
It was
then trading around $ 1.30 against a
net current asset value of around $ 1.31.
Net Current Asset Value (NCAV) = cash and short - term investments + (0.75 * accounts receivable) + (0.5 * inventory)-- total liabilities — preferred stock The resulting value can
then be divided by the number of common shares outstanding to find the NCAV per share.
Sometimes you will see what appears to be a pristine balance sheet of a company trading below
net current asset value, but
then come to find out that they have enormous long term lease commitments which — in my view — should be put on the balance sheet as a liability.
Following the Fund's termination date, the Fund will distribute substantially all of its
net assets, after deduction of any liabilities, to
then -
current investors without further notice and will no longer be listed or traded.