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Fortitude Group (Fortitude Group) Net Cash per Share : $-0.07 (As of Sep. 2010)


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What is Fortitude Group Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Fortitude Group's Net Cash per Share for the quarter that ended in Sep. 2010 was $-0.07.

The historical rank and industry rank for Fortitude Group's Net Cash per Share or its related term are showing as below:

FRTD's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 6.27
* Ranked among companies with meaningful Price-to-Net-Cash only.

Fortitude Group Net Cash per Share Historical Data

The historical data trend for Fortitude Group's Net Cash per Share can be seen below:

* 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.

* Premium members only.

Fortitude Group Net Cash per Share Chart

Fortitude Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,801.45 -697.56 -707.37 -201.49 -26.28

Fortitude Group Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.22 -26.28 -26.04 -17.24 -0.07

Competitive Comparison of Fortitude Group's Net Cash per Share

For the Asset Management subindustry, Fortitude Group's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.


Fortitude Group's Price-to-Net-Cash Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fortitude Group's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Fortitude Group's Price-to-Net-Cash falls into.



Fortitude Group Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Fortitude Group's Net Cash per Share for the fiscal year that ended in Dec. 2009 is calculated as

Net Cash per Share (A: Dec. 2009 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.003-0.822-0)/0.03116
=-26.28

Fortitude Group's Net Cash per Share for the quarter that ended in Sep. 2010 is calculated as

Net Cash per Share (Q: Sep. 2010 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0-0.827-0)/12.2564
=-0.07

* 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.


Fortitude Group  (OTCPK:FRTD) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Fortitude Group Net Cash per Share Related Terms

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Fortitude Group (Fortitude Group) Business Description

Traded in Other Exchanges
N/A
Address
1001 State Street, Erie, PA, USA, 16501
Fortitude Group Inc is a diversified investment company. It invests in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

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