I was reading a post by Magic Diligence on Why and How to Use Enterprise Value in Evaluating Stocks and realized I could find companies trading at less than cash per share quite quickly. By searching for companies with negative enterprise values, the screen would also ensure that the companies have manageable debt as well as the business being non capital intensive e.g. airlines and oil industry. Add in a couple of extra criterias such as an enterprise value/revenue < than 1 and a ROE of > 0 to try and filter out unduly cheap companies.
You can run the screen yourself at Yahoo.
Screen & Results
The screen criterias are:
Enterprise value
About the author:
Jae Jun is the author of Old School Value, a value investing blog dedicated to the Old School methodologies and teachings of the investment greats such as Graham, Buffett and Fisher. The blog deals with finding intrinsic value, fundamental stock analysis and special situations including spinoffs and merger arbitrage.
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