March Ben Graham Net-Net newsletter picks "A True Ben Graham Net-Net Trading at 2/3 of Net Current Assets". We’ll buy this month’s pick at 9:30 a.m. on Monday.
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“It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common 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
The Ben Graham Net-Net Newsletter’s March pick is a true Ben Graham net-net trading at 2/3 of its net current asset value.
The company has:
· Been led by the same CEO for 22 years
· Been profitable in 9 of the last 10 years
But the main attraction of this stock is its low price to assets:
· Net Current Assets equal 150% of the stock price
· Tangible book value equals 300% of the stock price
In other words:
· Price/NCAV is 0.67
· Price/Book is 0.32
The company also owns more than 100,000 square feet of manufacturing space in two different countries. And has traded at prices 5 times higher than its current share price within the last 10 years.
What’s a Net-Net?
A 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 Geoff Gannon. It picks one new net-net every month. Then goes out and buys that net-net in a real brokerage account. The newsletter’s performance is tracked using actual trades that include all fees and commissions. Stock picks go out to subscribers on the first Friday of every month. The newsletter bids for the chosen stock when the market opens on Monday.
We’ll buy this month’s pick at 9:30 a.m. on Monday.
So, get your copy of the Ben Graham Net-Net Newsletter today.
Download the Newsletter
This monthly newsletter is for Premium Members only. If you are not a premium member, we invite you for a 7-day Free Trial.
Download the Newsletter
“It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common 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
The Ben Graham Net-Net Newsletter’s March pick is a true Ben Graham net-net trading at 2/3 of its net current asset value.
The company has:
· Been led by the same CEO for 22 years
· Been profitable in 9 of the last 10 years
But the main attraction of this stock is its low price to assets:
· Net Current Assets equal 150% of the stock price
· Tangible book value equals 300% of the stock price
In other words:
· Price/NCAV is 0.67
· Price/Book is 0.32
The company also owns more than 100,000 square feet of manufacturing space in two different countries. And has traded at prices 5 times higher than its current share price within the last 10 years.
What’s a Net-Net?
A 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 Geoff Gannon. It picks one new net-net every month. Then goes out and buys that net-net in a real brokerage account. The newsletter’s performance is tracked using actual trades that include all fees and commissions. Stock picks go out to subscribers on the first Friday of every month. The newsletter bids for the chosen stock when the market opens on Monday.
We’ll buy this month’s pick at 9:30 a.m. on Monday.
So, get your copy of the Ben Graham Net-Net Newsletter today.
Download the Newsletter
This monthly newsletter is for Premium Members only. If you are not a premium member, we invite you for a 7-day Free Trial.
