I put maybe about 80 to 100 of the Net-Net's I found below 90% of net current assets into Yahoo!'s portfolio tracker but you had to manually enter how many shares per stock to have the performance tracked. It took me a long time just to put the tickers in and I didn't want to put the hours into crunching the position numbers or even doing it in a spreadsheet because there are just so many of them.

I got to see a lot of the tickers and didn't find out all the companies but a lot of them are the usual commodity type businesses like semi-conductors or the struggling bio/pharma. Still, there are a lot in many different sectors and industries. So, I think I'm going to get atleast a half dozen from each industry trend I see over the course of this year without discriminating by market cap and load those up into a portfolio to watch for a long time. I think if I take just 10 minutes two or three times a week and put a few new ones in the portfolio I can pace myself pretty well while at the same time knocking out a ton of them over time. This study is just more for my amusement to see if I can diversify these and get a positive return over a long period of time. It's possible to backtest in the future how net-net's would do over a period of time anyway. I'm going to cherry pick some that I think could be acquisition targets or atleast have what could be a good long-term business model. I'm going to pick some unprofitable ones to. I want to get the biggest ones in there to. HKN doesn't qualify now but I think this would be a good addition to a diversified portfolio of deep value stocks, especially if your an oil bull.


HKN ticker HKN
Oil and Gas
net tangible assets $59 mil.
market cap $14 mil.



"we do not expect our liquidity levels to be significantly impacted by these recent events. We continue to have access to capital, and we have a cash and marketable securities balance of approximately $15 million and have no outstanding debt at December 31, 2008. We also anticipate our operating cash flow and other capital resources, if needed, will adequately fund our planned capital expenditures and other capital uses over the near-term. Based on industry outlook for 2009, prices for oil and natural gas are expected to remain reduced as compared to the prior year with the perception of future worldwide demand being altered by turmoil in the financial markets and diminished economic outlook. However, due to cost-cutting measures, we have budgeted our 2009 operations to remain cash-flow positive, even at current market pricing."

GSI Group Inc. (GSIG)
This one has been trending nice past few days. Good amount of buyers. Lasers and precision motion products for gloabal medical, industrial, semi's, electronics
net cash $113 mil
market cap $32 mil














HHGP
Staffing and Outsourcing
net current assets $70.5 mil
market cap $20 mil












full disclosure: no positions