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Strategies & Market Trends
Low Price/Cash Ratio Value Stocks
An SI Board Since September 1998
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Emcee:  Q. Type:  Unmoderated
This thread is devoted to stocks of debt-free companies that are
valued so cheaply that the market cap is comparable to the cash on
the balance sheet.

Here cash is defined as cash plus cash equivalents, including
marketable securities.

While there's no limit to how low a price/earnings, price/sales, or
even price/book ratio can fall, the cash represents a firm floor for
a stock price. It's difficult for a stock to trade way below cash,
because it would be too easy a takeover target. Moreover, the co.
is likely highly motivated to buy back its own shares.

Today, in the midst of a bear market when the Russell 2000 has fallen
23% from its peak, there are a number of small stocks trading near,
and even below, their cash levels. These are extremely out-of-favor
stocks. Typically the stock has been driven down because the business
is a mfg. co. in a cyclical downturn or suffering other fundamental
problems, yet the balance sheet is so strong that the co. is in no
risk whatever of failing. Moreover, you can buy the co. for almost
nothing, since the cash is comparable to the market cap.

Here's a list of low p/cash debt-free stocks today, based on the latest 10Q.
I've limited the list to stocks with a price > $3 and a market cap > $30 M.

symbol price market cap cash price/cash cash/rev business

CPCI 6 3/4 $33.3 M $35.6 M 0.93 3.3 Q RAID disk drives
CNXS 3 13/16 $70.0 M $66.4 M 1.05 5.5 Q anti-snore nose strips
ANET 5 1/2 $50.4 M $46.0 M 1.10 3.9 Q frame-relay WAN equip
KNTK 6 3/8 $45.3 M $40.7 M 1.11 3.4 Q laser printers
MTSN 3 1/8 $45.9 M $40.3 M 1.14 2.6 Q semi mfg equip
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1870SPRT , $1 per share cash distribution. Good move on their part. If they somehstock leader-12/11/2019
1869VICL what a pos. i sold the last when it got the $1 offer in late august.. of cstock leader-11/9/2019, Inc. ( SPRT) today announced that its Board of Directors has initiastock leader-11/8/2019
1867SEOUL, South Korea--(BUSINESS WIRE)-- - The release is for the EU, Turkey, and Elroy-9/27/2019
1866I was planning to sell all mine at $100, but it never made it there. I still haElroy-8/20/2019
1865IDSA liquidation play now, for anyone interested . 1.05 last trade with potentistock leader-8/20/2019
1864SPRT is now back in the buy zone. got 5k shares at 1.65 this week. Cash drostock leader-8/20/2019
1863i dont have much GRVY left. certainly was a great play last 2 years!stock leader-8/20/2019
1862When the deal of asset sales is finally consummated EMMS is now currently tradinFIFO_kid2-8/8/2019
1861Ragnarok is the top selling Gungho game in Japan last month...... sensortower.cElroy-7/3/2019
1860My plan to sell GRVY at a $100 isn't working out too well. Wonder what makeElroy-6/25/2019
1859OVAS/MLND worked out ok, it's at 16 which is as high as its been since last stock leader-6/4/2019
1858VICL screws shareholders. Stock down from $1.15 into the $.80's.EACarl-6/4/2019
1857protection is "minority dissenter rights" as detailed below.. Under vstock leader15/28/2019
1856The gravy train keeps rollingstock leader-5/28/2019
1855Seoul, May 27, 2019 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. ( GRVY) (“Gravity” or Elroy-5/27/2019
1854I was wondering about GRVY.....since the parent company owns (I think) 59% of thElroy-5/22/2019
1853I still have half of my shares. I was thinking to wait for $100. The parent coElroy-5/22/2019
1852sold some GRVY today at 90. only 50 shs left hard to believe grvy is up 1800% stock leader-5/22/2019
1851Well, GRVY is the gift that keeps on giving. I don't think many US investorElroy15/14/2019
1850Here it is, all time high record quarterly revenues.... "GRAVITY Co., Ltd.stock leader-5/13/2019
1849Any idea where is GRVY's Q1 earnings release? I think they're supposed Elroy-5/10/2019
1848VICL continues slowly upward. bvf fund bought even more shares. with the priststock leader-4/9/2019
1847i'm up on OVAS/MLND .. took a few months.stock leader-3/20/2019
1846like I said EAcarl, I wasn't too much worried on OVAS/MLND, as I held sharestock leader-3/15/2019
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