Why investigate PCCLF : consistent share count reduction dating back to 2008, value created by shares purchased below net cash, strong positive insider buying, selling for 30% of book value, 1.86% of shares held by value institution Royce.Stock price of .26 versus per share values .86 for book value and cash .37, PCCLF price =.26
Sunward Resources ( SNWRF) is an exploration stage company, evolved in the acquisition and exploration of mineral properties in Colombia. It owns 100% interest inTitiribi gold-copper porphyry project that covers 3,919 hectares. The company is headquartered in Vancouver, Canada.
Why investigate: Baupost Group (Seth Klarman (Trades, Portfolio)) owns 10.74% of the company. Trading at 50% of book value, share count reduction over the prior 52 weeks, negative enterprise value, negative 52 week change -80%, SNWRF price = .16
Peerless Systems Corporation ( PRLS) revenues are derived from OEM customers through the licensing of technology related to imaging solutions.
Why investigate: Net cash per share of 3.94 versus stock price of 3.62. Aggressive 19% reduction in outstanding share count, October 31, 2013 2,638,000 shares outstanding reduced 19% from 3,259,000 October 2012. PRLS price = 3.62
Petrobank Energy & Resource ( PBEGF) is a Canadian oil exploration and production entity. “The Company operates Kerrobert heavy oil project using its patented THAI® heavy oil recovery process in the field. “
Why investigate: current price .32 versus net cash of .46 per share. PBEGF price = .33
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