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Posts Tagged ‘Liquidation’

Nyer Medical Group Inc (NASDAQ:NYER)

Posted in Nyer Medical Group Inc (NASDAQ:NYER), Stocks, tagged , on May 17, 2010 | 2 Comments »

Nyer Medical Group Inc (OTC:NYER) has announced its sole and final liquidating distribution will be $2.08 per share. We started following NYER in November last year (see the initial post) when the stock was trading at $1.75, and NYER had announced the liquidation subject to the approval of its shareholders and the closing of two transactions. [...]

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Back-testing the performance of net current asset value against net net working value

Posted in About, Liquidation, Liquidation Value, Net Current Asset Value, Net Quick Stocks, Net Quick Value, Stocks, tagged , , , , , , , on February 18, 2010 | 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. To arrive at NNWC, Jae Jun discounts the current asset value of stocks in line with Graham’s liquidation value [...]

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Walking the talk: Applying back-tested investment strategies in practice

Posted in About, Behavioral economics, Contrarian investment, Liquidation Value, Net Current Asset Value, Net Quick Stocks, Quantitative investment, Stocks, Value Investment, tagged , , , , , , , , on February 17, 2010 | 8 Comments »

Aswath Damodaran, a Professor of Finance at the Stern School of Business, has an interesting post on his blog Musings on Markets, Transaction costs and beating the market. Damodaran’s thesis is that transaction costs – broadly defined to include brokerage commissions, spread and the “price impact” of trading (which I believe is an important issue [...]

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Convera Corporation (NASDAQ:CNVR) and the Case of the Disappearing Distribution

Posted in Convera Corporation (NASDAQ:CNVR), Stocks, tagged , on December 21, 2009 | 5 Comments »

In mid November I ran a post on Convera Corporation (NASDAQ:CNVR) (see the CNVR post archive here), which was in the process of liquidating and planning to pay distributions valued in the range of $0.26 to $0.45 per share. The stock was then trading at $0.221. The distributions consisted of three cash payments with a value [...]

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Soapstone Networks Inc (OTC:SOAP) Q3 2009 10Q update

Posted in Activist Investors, Mithras Capital, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , on November 19, 2009 | Leave a Comment »

Soapstone Networks Inc (NASDAQ:SOAP) has released its 10Q for the period ended September 30, 2009. We first looked at SOAP on February 2nd (see Greenbackd’s post archive here) because it was trading well below its net cash value. An activist investor, Mithras Capital, had disclosed an 8.7% holding and called on the company to liquidate. [...]

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Convera Corporation (NASDAQ:CNVR)

Posted in Convera Corporation (NASDAQ:CNVR), Liquidation, Stocks, tagged , , on November 11, 2009 | 7 Comments »

Convera Corporation (NASDAQ:CNVR) is a liquidation play. The stock closed yesterday at $0.221. The company estimates the value of the distributions to be in the range of $0.37 to $0.45 per share. Approvals According to the 14(c) information statement: The board approved the plan of dissolution on May 29, 2009. The liquidation will not be [...]

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ASPN announces distribution of cash proceeds from Venoco sale

Posted in Activist Investors, Aspen Exploration Corporation (OTC:ASPN), Greenbackd Portfolio, Liquidation Value, Stocks, Tymothi O. Tombar, tagged , , , on November 5, 2009 | 15 Comments »

Aspen Exploration Corporation (OTC:ASPN) has announced that it will pay a cash dividend of $0.73 per share to stockholders of record on November 16, 2009 from the proceeds of the sale of its California oil and gas assets to Venoco, Inc. $0.73 per share represents $5.3M, which is just over the mid-point of the $5.0M [...]

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Nyer Medical Group Inc (NASDAQ:NYER)

Posted in Liquidation Value, Nyer Medical Group Inc (NASDAQ:NYER), Stocks, tagged , on November 3, 2009 | 5 Comments »

Nyer Medical Group Inc (NASDAQ:NYER) is to liquidate subject to the approval of its shareholders and the closing of two transactions. The board estimates that shareholders will receive a liquidating distribution of between $1.84 to $2.00 per share. At its $1.75 close yesterday, the low end of the range represents a 5% return and the [...]

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Special situation: Short Genaera Corporation (NASDAQ:GENR)

Posted in Genaera Corporation (NASDAQ:GENR), Short, Special Situation, tagged , , , on April 30, 2009 | 2 Comments »

Genaera Corporation (NASDAQ:GENR) is a first for us: a short play. The company has announced that the board of directors has approved a Plan of Liquidation and Dissolution forecasting distributions of between $0.002 and $0.0173 per share contingent on a sale of its assets. We believe the most likely outcome to be a distribution of [...]

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