November Ben Graham Net-Net Newsletter pick has been undervalued for seemingly forever, but with a 1% dividend yield, and 9% book value growth patient investors haven’t suffered while waiting. Executive and capital structure changes might signal that value realization isn’t far off.
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The Ben Graham: Net-Net Newsletter’s November’s pick is vertically integrated food processing company located in Pennsylvania:
· The company sells for 36% of BV and 76% of NCAV
· They have grown book value consistently throughout the years.
· P/E: 6.82 EV/EBIT: 7.9
· The company has a standing offer to repurchase employee held shares at $150/share, 50% higher than the current trading price
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
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 November’s pick is vertically integrated food processing company located in Pennsylvania:
· The company sells for 36% of BV and 76% of NCAV
· They have grown book value consistently throughout the years.
· P/E: 6.82 EV/EBIT: 7.9
· The company has a standing offer to repurchase employee held shares at $150/share, 50% higher than the current trading price
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
