Net/Nets by Market Cap: Round 2

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 (MEAD)
Strategic Distribution (STRD)
American Homestar Corp (AHMS)
First Aviation Svcs (FAVS)
Bexil Corp (BXL)
Praecis Pharmaceuticals (PRCS)
Eternal Technologies (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.