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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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1861Ragnarok is the top selling Gungho game in Japan last month...... sensortower.cElroy-July 3
1860My plan to sell GRVY at a $100 isn't working out too well. Wonder what makeElroy-June 25
1859OVAS/MLND worked out ok, it's at 16 which is as high as its been since last stock leader-June 4
1858VICL screws shareholders. Stock down from $1.15 into the $.80's.EACarl-June 4
1857protection is "minority dissenter rights" as detailed below.. Under vstock leader1May 28
1856The gravy train keeps rollingstock leader-May 28
1855Seoul, May 27, 2019 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. ( GRVY) (“Gravity” or Elroy-May 27
1854I was wondering about GRVY.....since the parent company owns (I think) 59% of thElroy-May 22
1853I still have half of my shares. I was thinking to wait for $100. The parent coElroy-May 22
1852sold some GRVY today at 90. only 50 shs left hard to believe grvy is up 1800% stock leader-May 22
1851Well, GRVY is the gift that keeps on giving. I don't think many US investorElroy1May 14
1850Here it is, all time high record quarterly revenues.... "GRAVITY Co., Ltd.stock leader-May 13
1849Any idea where is GRVY's Q1 earnings release? I think they're supposed Elroy-May 10
1848VICL continues slowly upward. bvf fund bought even more shares. with the priststock leader-April 9
1847i'm up on OVAS/MLND .. took a few months.stock leader-March 20
1846like I said EAcarl, I wasn't too much worried on OVAS/MLND, as I held sharestock leader-March 15
1845I sold off another 1/4th of my GRVY around $64. Maybe let the rest ride throughElroy-March 15
1844yea GRVY is ok , even my OVAS/now MLND is in profit … Thanks folks!!!!stock leader-March 15
1843I sold 1/4th of my position around $54, I might let another 1/4th go up in the mElroy-March 12
1842GRVY another all-time high. still holding the trade.stock leader1March 12
1841interestingly GTXI ( a cash shell) had a positive reaction to their rev merger tstock leader-March 8
1840i'm actually around even now on OVAS (now MLND millendo)… price is 12.75, orstock leader-March 8
1839yea i'm still in on my recent swing trade of grvy.. looking finestock leader-March 8
1838GRVY melting upward once again.......Elroy-March 8
1837And GRVY hitting (I think) all time highs. They did $100m in Q4 last year, I woElroy-March 7
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