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Ben Graham: Net-Net Newsletter’s May Pick: A Ben Graham Net-Net with 19 Straight Years of Profits

May 05, 2012
gurufocus

GuruFocus

214 followers
The Ben Graham: Net-Net Newsletter’s May pick is one of the most consistently profitable net-nets on the planet.

This month’s pick:

· Has been profitable for 19 straight years
· Has 25% of its market cap in cash
· And no debt

It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of stocks at a price less than the applicable net current assets alone...the results should be quite satisfactory. They were so, in our experience, for more than 30 years.” - Ben Graham

What’s a Net-Net?

A net current asset value bargain—or net-net—is a stock selling for less than the value of its current assets—cash, receivables, and inventory—minus all liabilities. Basically, it’s a stock selling for less than its liquidation value.

What’s the Ben Graham: Net-Net Newsletter?

GuruFocus’s Ben Graham: Net-Net Newsletter is written by Geoff Gannon. It picks one new net-net every month. The newsletter goes out to subscribers on the first Friday of the month. On the following Monday morning, Geoff puts in an order to buy that stock with his own money. The Ben Graham: Net-Net Newsletter’s model portfolio is a real brokerage account. Subscribers get to see the exact contents of that brokerage account at all times. And they learn what stock the portfolio is going to buy more than 48 hours before that buy order is placed.

So, get your copy of the Ben Graham: Net-Net Newsletter today.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

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Rating: 3.8/5 (4 votes)

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