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June Ben Graham Net-Net Newsletter Pick: A Company With 93% of Its Market Cap in Cash

June 06, 2014
GuruFocus

GuruFocus

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June Ben Graham Net-Net Newsletter pick is an electronics manufacturer that is cash rich following an acquisition. Management is attempting to turn around their operations, which if successful will reward investors.

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 June pick is a company in recovery with 93% of their market cap in cash.

  • The majority of this company’s marketcap is in cash and securities.
  • The market is valuing the company’s operations at $10m, which is cheap for a company that has earned $8m recently.
  • Their turnaround is underway as they roll out new products and expand their margins.
  • The company pays a dividend.

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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