Net/Nets by Market Cap: Round 2

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 |  Includes: ADGO, AHMS, BCGI, BXL, ETLT, FAVS, MEAD, PEAK, PRCS, STRD
by: Jon Heller, CFA

As we promised in our last column, below is a list of the next 10 net/nets (companies trading below their net current asset value) in order of market cap.

Adams Golf (ADGO)
Boston Communications Group (BCGI)
Peak Intl Ltd (PEAK)
Meade Instruments Corp (NASDAQ:MEAD)
Strategic Distribution (STRD)
American Homestar Corp (OTC:AHMS)
First Aviation Svcs (OTCPK:FAVS)
Bexil Corp (BXL)
Praecis Pharmaceuticals (PRCS)
Eternal Technologies (OTC:ETLT)

Please proceed with caution with any of the names on this list. We have not initiated research on these companies, this is simply a list of companies meeting the net/net formula criteria. We are familiar with Adams Golf (ADGO) which happens to be one of the only profitable names, and has a relatively large cash position ($11.7 million) relative to market cap ($35 million).

Disclosure: The author does not have a position in any of these companies.