Gainsco (Gainsco) Net-Net Working Capital : $-21.55 (As of Sep. 2010)

Gainsco Net-Net Working Capital Chart

Gainsco Annual Data
	Trend	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09
Net-Net Working Capital		Get a 7-Day Free Trial					-12.75	-20.87	-20.49	-18.21	-22.81

Gainsco Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Net-Net Working Capital	Get a 7-Day Free Trial															-24.09	-22.81	-23.39	-20.78	-21.55

Competitive Comparison of Gainsco's Net-Net Working Capital

For the Insurance - Property & Casualty subindustry, Gainsco's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gainsco's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Gainsco's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Gainsco's Price-to-Net-Net-Working-Capital falls into.

Gainsco Net-Net Working Capital Calculation

Gainsco's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2009 is calculated as

Gainsco's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2010 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

Gainsco  (OTCPK:GANS) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

Gainsco Net-Net Working Capital Related Terms

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Gainsco (Gainsco) Business Description