ARC Wireless Solutions (NASDAQ:ARCW) is a net cash stock with an activist investor, Brean Murray Carret, disclosing a 13.9% position on November 3 last year. ARCW closed yesterday at $2.86, giving it a market capitalization of just $8.8M. We estimate its liquidation value to be 57% higher at $13.9M. Brean Murray Carret’s original 13D filing [...]
Posts Tagged ‘Net Quick Value’
ARC Wireless Solutions (NASDAQ:ARCW)
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 »
Ikanos Communications Inc (NASDAQ:IKAN)
Posted in Greenbackd Portfolio, Ikanos Communications Inc (NASDAQ:IKAN), Net Cash Stocks, Net Net Stocks, Stocks, tagged Ikanos Communications Inc (NASDAQ:IKAN), Liquidating Value, Net Cash Stock, Net Current Asset Value, Net Net Stock, Net Quick Value on January 27, 2009 | 2 Comments »
Ikanos Communications Inc (NASDAQ:IKAN) is a net cash stock that has retained a financial advisor to “assist it in exploring and evaluating strategic alternatives to maximize shareholder value.” IKAN closed yesterday at $1.14, giving it a market capitalization of $32.9M. Based on its September 10Q, we estimate the company’s liquidating value to be more than [...]
Valuing long-term and fixed assets
Posted in About, Greenbackd, Liquidation Value, Net Cash Stocks, Net Current Asset Value, Net Net Stocks, Net Quick Stocks, Net Quick Value, tagged Benjamin Graham, Liquidating Value, Net Cash Stock, Net Current Asset Value, Net Net Stock, Net Quick Value, Security Analysis on January 15, 2009 | 13 Comments »
We’ve recently received several questions about our valuation methodology. Specifically, readers have asked why we include property, plant and equipment in our valuation, and why we only discount it by half, as opposed to a higher figure (two-thirds, four-fifths, one-hundred percent). They are concerned that by including property, plant and equipment in our assessment, or [...]
Trilogy ups stake in ABTL
Posted in Activist Investors, Autobytel (NASDAQ:ABTL), Net Net Stocks, Trilogy, tagged Activist investment, Autobytel Inc (NASDAQ:ABTL), Net Current Asset Value, Net Net Stock, Net Quick Value, trilogy inc on January 4, 2009 | 1 Comment »
Trilogy, Inc. has increased its stake in Autobytel Inc (NASDAQ:ABTL). On November 21, 2008, Trilogy, Inc. filed its Schedule 13D notice, declaring an interest of 5.01%. Trilogy, Inc has now filed an updated 13D notice, disclosing an increased 7.4% stake. We started following ABTL last year because it was a net net stock with a [...]
ValueVision Media Inc (NASDAQ:VVTV) Q3 Update
Posted in Activist Investors, Cannell Capital, J. Carlo Cannell, Net Net Stocks, Stocks, ValueVision Media (NASDAQ:VVTV), tagged Activist investment, Cannell Capital, J. Carlo Cannell, Liquidating Value, Net Current Asset Value, Net Net Stock, Net Quick Value on December 17, 2008 | 3 Comments »
ValueVision Media Inc. (NASDAQ:VVTV), which we posted about on Wednesday last week, has filed its November 10Q. In our earlier post, we wrote that VVTV seemed to us to be one of the better opportunities available because it’s a net net stock (i.e. a stock trading for less than its net current assets) with other [...]
Autobytel Inc (NASDAQ:ABTL)
Posted in Autobytel (NASDAQ:ABTL), Net Cash Stocks, Net Net Stocks, Trilogy, tagged ABTL, Net Current Asset Value, Net Net Stock, Net Quick Value on December 11, 2008 | 4 Comments »
Autobytel Inc (NASDAQ:ABTL) is a net net stock with an investor declaring an active interest in late November. At yesterday’s close of $0.43, ABTL has a market capitalization of $19.4M and is trading at 55% of our estimate of its liquidation value of $35.3M. On November 21, 2008, Trilogy, Inc. filed its Schedule 13D notice, [...]
ValueVision Media Inc. (NASDAQ:VVTV)
Posted in Activist Investors, Cannell Capital, J. Carlo Cannell, Stocks, ValueVision Media (NASDAQ:VVTV), tagged J. Carlo Cannell, Net Current Asset Value, Net Net Stock, Net Quick Value, VVTV on December 10, 2008 | 7 Comments »
ValueVision Media Inc. (NASDAQ:VVTV) is exactly the kind of opportunity we like to find: a net net stock with a management taking active steps to rectify the situation. At yesterday’s close of $0.44, VVTV has a market capitalization of $14.8M, which is half its net current asset value of around $29.5M, or $0.88 per share [...]
Chromcraft Revington (AMEX:CRC)
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 on December 9, 2008 | 1 Comment »
Chromcraft Revington (AMEX:CRC) is a tiny, AMEX-listed net-net stock with a substantial stockholder calling for its sale or orderly liquidation. CRC has a market capitalization of only $2.8M, but the company’s written-down net current asset value is much higher at around $15M. The only problem? The company is in a liquidity crisis and risks entering [...]
About liquidation value investing
Posted in About, Liquidation Value, Net Current Asset Value, Net Quick Stocks, Net Quick Value, tagged Liquidating Value, Net Current Asset Value, Net Quick Value on December 1, 2008 | 6 Comments »
Liquidation value investing is the purchase of securities at a discount to the value of the securities in a liquidation. The rationale for such an investment is straight foward. In the 1934 edition of Security Analysis, Benjamin Graham argued that the phenomenon of a stock selling persistently below its liquidation value was “fundamentally illogical.” In [...]
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