Nu Horizons Electronics Corp. (NUHC)
Demand for the this companies products is not going to dry up any time soon. They make electronic products which consist of active and passive components. Their products are used in everything from cars, medical equipment to consumer electronics. Business has been good and earnings have risen 3 fold since 2005.


Possible Over-reaction
The stock is selling off because they announced they "face a tax obligation of about $7.5 million after understating taxes in some financial reports from fiscal 2002 through the first quarter of fiscal 2008." (source Yahoo! http://biz.yahoo.com/ap/071003/nu_horizons_restatement.html?.v=1)


Value in the Assets
According to the most recent SEC filing they have a net current asset value of $7.26 per share. The stock is currently flirting with a 52 week low around $8.30. At only 10 times next years earnings guidance and likely to grow earnings around 20% over the next five years the stock is a steal at net current assets. People always ask, do you like value or growth? What is best now value or growth? I say don't try and distinguish the two. They are the same. The best investment is growth at a value. Nu Horizons may just be that opportunity and an asset value deal to. It is a promising investment below $7.26 in a diversified portfolio.



full disclosure: no position in Nu Horizons Electronics Corp. (NUHC)
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This company Genesis Technology Group, Inc. (GTEC.OB) was up about 200% yesterday and is so far up 19% today. They just announced a reverse merger with a pharma company . They are in consulting and business development apparently. I just think it is interesting to see what constitutes such a price move. I wouldn't even consider investing without seeing concrete financials, if any in China really are. According to Yahoo! after the run-up they were trading at 15 times next years earnings and didn't have any long-term debt.

full disclosure: no position in Genesis Technology Group
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