July’s pick’s legacy business is letting contracts expire and their business runoff. Management is an activist deep value investor and has used the company in the past as a platform for activism. The company currently has a small holding in another near net-net.
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The Ben Graham: Net-Net Newsletter’s July pick is a intellectual property licensing firm with an activist investor as CEO.
· The company is selling for 81% of NCAV.
· The Chairman of the Board and CEO is an experienced activist deep-value investor.
· The company earned $.53 per share last year; the market is giving their earnings no credit.
· The company is undertaking a transformation from an intellectual property licensing company to an asset management firm. They have had past success at activist value investing.
Download your copy of the Ben Graham: Net-Net Newsletter today
“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 Nate Tobik. It picks one new net-net every month. The newsletter goes out to subscribers on the first Friday of the month. The newsletter looks for stocks that have both a tangible margin of safety and reasonable upside potential.
So, get your copy of the Ben Graham: Net-Net Newsletter today.
The newsletter is ready for download for GuruFocus Premium Members. If you are not a Premium Member, you are invited for a Free 7-Day Trial.
The Ben Graham: Net-Net Newsletter’s July pick is a intellectual property licensing firm with an activist investor as CEO.
· The company is selling for 81% of NCAV.
· The Chairman of the Board and CEO is an experienced activist deep-value investor.
· The company earned $.53 per share last year; the market is giving their earnings no credit.
· The company is undertaking a transformation from an intellectual property licensing company to an asset management firm. They have had past success at activist value investing.
Download your copy of the Ben Graham: Net-Net Newsletter today
“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 Nate Tobik. It picks one new net-net every month. The newsletter goes out to subscribers on the first Friday of the month. The newsletter looks for stocks that have both a tangible margin of safety and reasonable upside potential.
So, get your copy of the Ben Graham: Net-Net Newsletter today.
