Seeking Alpha
Value, special situations, deep value, long-term horizon
Profile| Send Message|
( followers)

As a follow up to last week's piece, here are an additional handful of companies trading at less than 2 times net current asset value that also meet the following criteria:


*Market Cap Minimum $100 million
*Price/Earnings Ratio less than 20
*Net Cash (cash less LT debt) is at least 20 percent of market cap


Silicon Image Inc
Ticker: SIMG
Price: $5.05
Mkt Cap: $425
NCAV: $222 million
Cash & ST Inv: $226 million
PE: 11

MKS Instruments
Ticker: MKSI
Price: $18.41
Mkt Cap: $1.04 billion
NCAV: $536 million
Cash & ST Inv: $360 million
PE: 11

United Capital Corp
Ticker: AFP
Price: $25.3
Mkt Cap: $210 million
NCAV: $116 million
Cash & ST Inv: $151 million
PE: 6

Heelys Inc
Ticker: HLYS
Price: $6.45
Mkt Cap: $175 million
NCAV: $121 million
Cash & ST Inv: $151 million
PE: 6

Nice to see some non-tech companies here; nothing against tech, but the truth is, your editor just isn't adept at tech (perhaps just not smart enough). As always, buyer beware. More often than not, companies are often cheap for very good reasons. What we've published here should be seen as the starting point, not a definitive list of must-have names.

Disclosure: The author does not have positions in any of the companies mentioned.

Source: Four Potential Bargains: Profitable, Cash-Rich Double Net/Nets