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December Ben Graham Net-Net Pick: A Canadian Technology Company Selling For 52% of NCAV

December 08, 2013
GuruFocus

GuruFocus

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December Ben Graham Net-Net pick has a solid balance sheet despite their earnings history; the company is also generating a significant amount of cash flow. Management has been working to execute a turnaround, if they are successful investors will reap the rewards.

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The Ben Graham: Net-Net Newsletter’s December’s pick:

· The company sells 52% of NCAV, and not much more than net cash.

· Their enterprise value is $1.4m yet they generated $3.4m in operating cash flow in the trailing twelve months.

· The company is debt free and has virtually no liabilities.

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, download your copy of the Ben Graham: Net-Net Newsletter today


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