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
August 3, 2010
May 4, 2010
My Movie On The Stock Market
This site xtranormal.com is pretty neat. It only took me about 15 minutes or so to make this conversation on the stock market movie.
May 1, 2010
Deep Value Golf Stock
Adams Golf ADGF this little golf club manufacturer that I've talked about a lot in the past has been bottoming out over the past several months and just recently reported their quarter. Revenue was slightly down but EPS was up huge from $.05 to $.21 year over year. They gained some market share in the US.
Net current asset value is $29 million. The market cap is currently right below at the moment at $27 million. So it is in net current asset value territory still at the moment. I bought some the other day at $4.15.
Just recently broke out of a long trading range and had strong unusual volume.
full disclosure:long ADGF
Net current asset value is $29 million. The market cap is currently right below at the moment at $27 million. So it is in net current asset value territory still at the moment. I bought some the other day at $4.15.
Just recently broke out of a long trading range and had strong unusual volume.
full disclosure:long ADGF
April 26, 2010
Who's Been Buying This Runaway Stock Market?
The stock market keeps rallying but who is buying? Charles Biderman says the pension funds and flows into mutual funds aren't responsible. He says the amount of capital that could drive this type of rally seems to be coming from somewhere else and a lot of it is after market hours in the futures markets. I have no idea if his numbers are even accurate but I found this interview on Bloomberg he did a couple months back interesting.
Click here for Video
Click here for Video
April 14, 2010
Baby Boomer Resort Stock
Silver Leaf Resorts is in the business of getaway and destination timeshare resorts in the United States. They cater to short vacations and tourists. This is one of those stocks that bottomed in December 2009 and not in March 2010. I really wish I had payed it more attention early this year. It's one of those deep value land plays.
Asset Valuation
I was fairly surprised at how cheap it appears on an asset level. There is $176.319 million in net tangible assets and as of March 8, 2010 38,140,043 shares outstanding. This gives us a $51.87 million market cap against that $176.31 million in net tangible assets or a 29% discount to NTAV.
I crunched net tangible asset value per share at $4.62 per share and the stock is only at $1.36 as of the close today.
It has technically just broken out of a trading range but has a lot of resistance around the 1.50 area. I think this cheap stock goes higher over the next few days and tests that 1.50 at the least and probably will continue higher from there.
full disclosure:no position at time of writing however I may go long (buy) the stock this week.
Asset Valuation
I was fairly surprised at how cheap it appears on an asset level. There is $176.319 million in net tangible assets and as of March 8, 2010 38,140,043 shares outstanding. This gives us a $51.87 million market cap against that $176.31 million in net tangible assets or a 29% discount to NTAV.
I crunched net tangible asset value per share at $4.62 per share and the stock is only at $1.36 as of the close today.
It has technically just broken out of a trading range but has a lot of resistance around the 1.50 area. I think this cheap stock goes higher over the next few days and tests that 1.50 at the least and probably will continue higher from there.
full disclosure:no position at time of writing however I may go long (buy) the stock this week.
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