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.