Ashworth Inc. (ASHW)

They make golf sports clothing. ASHW has grown shareholder equity over the last 3 years while paying down debt. Its a good thing to see rising shareholder equity without the use of excessive debt. It came to my attention because it recently was a NCAV stock, just barely and not for long though. A company like this doesn't deserve to be that discounted to its assets. Net Current Asset Value is $37 million and a recent quote puts the market cap at $56 million. This October they got a new CEO.

"Allan H. Fletcher joined the Company on October 24, 2007 as the Chief Executive Officer. Mr. Fletcher is the founder of Fletcher Leisure Group, Inc. ("FLG"), which has been one of Canada's leading suppliers of branded golf apparel, sportswear and golf equipment for over 40 years and is a long-standing business partner of the Company." http://www.ashworthinc.com/main.php?c=investor


Synthetech Inc. (NZYM.OB)

They make amino acids for pharmaceutical companies. Its products are used in drugs for aids, cancer, cardiovascular and other diseases. They don't have any long-term debt and a market cap of $8 mil. I haven't figured out what caused the panic to set in to make it fall from a high of $1.10 on July 31st to fall to $.65 on August 16th yet. Maybe history will repeat itself with NZYM like it did with DEIX. After I put up DEIX at about 1am the same morning it rose 60% when trading began. I really doubt it though. There were already some buyers picking up NZYM at its low.



full disclosure: no position in Ashworth Inc. (ASHW) and Synthetech Inc. (NZYM.OB). Long Directed Electronics, Inc. (DEIX)