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Showing posts sorted by relevance for query bdr. Sort by date Show all posts
Showing posts sorted by relevance for query bdr. Sort by date Show all posts

April 14, 2015

Deep Value Stock Blonder Tongue BDR

You guys remember the value stock Blonder Tongue (BDR) ? It's usually been around net tangible asset value over the years. It will run up a bit one year then come back to around net tangibles. Well the stock has recently just crashed. It plummeted from over $2.00 a share to just $.77 a share. I went through the press releases on Yahoo! from the 30th and 31st on the day it crashed and couldn't find a good cause of the crash. They released quarterly results which were not to bad, not to good. I don't get it. There may be no good reason though of course and the stock is just crazy cheap for no reason. Here are the old posts on BDR. Looking back at all my notes on the stock $1.00 has been the floor for many years. At the last print it traded at $.90 Monday. This puts it at a market cap of roughly $5 million. Net current asset value is just above $5 million also. We are near net current asset value territory. I really like the stock here below $1 and might take a small position in it.

January 28, 2013

Old Net-Net Blonder Tongue BDR On The Move

Former net-net Blonder Tongue Labs (BDR) has 5.5 mil in net current asset value and a market cap of 9.6 million. It has always been one of those perennial net-nets. Always below and around net current asset value. Unfortunately I wasn't watching it lately. It has bottomed out as this chart shows. I circled the failed breakdown. The stock then was in breakdown mode until the lower low turned into a spike bottom. Confirmation of the failed breakdown is where I drew the arrow. Failed signals can be very powerful. The second chart is the beautiful flag it printed. The chart is real bullish here still even though I missed the perfect setups and price. I'm long biased on BDR.

November 6, 2014

Deep Value Stock Blonder Tongue BDR

There is some activity in deep value asset land worth talking about. Blonder Tongue Laboratories (BDR) has always been a cheap value stock. It has never really delivered and seen the stock price follow through. Could this time be different? They just recently reported a strong quarter with actual sales growth and net income!! This has happened before as we can see from some of my old posts on BDR over the years. In 2010 the stock actually ran to almost $3.00 share. On this last quarter the buying volume in the stock is the highest I could find on any chart going back at least 10 years. The companies sales were up 23% and net income was $.06 per share vs. a ($.11) loss last year.  Margins improved too. Management said they expect the rest of the year to be improved as well.

Right now the stock is 29% below net tangible asset value of $1.74 per share. 

Since 2006 the stock has always found a floor around $1.00 a share. So it's pretty safe to say $1.00 is the current low side and about $3.00 the upside.  I made an 8% gain on my DGAZ trade shorting natural gas. I posted the setup on the blog and my entries and exits on my Twitter page.










August 3, 2010

Former NCAV Stock Blonder Tongue

This former NCAV cheap stock Blonder Tongue Laboratories BDR popped 70% today off of earnings.

Operating EPS was positive vs a loss prior. Sales were up driven by digital video encoders. It looks like there is about 14.7 million in current assets and about 7 million in debt. So, this big pop pushed it over NCAV. But it still might be in play. I guess we will see.

disclosure: no position