Nice job, but I wouldn't count your chickens before they hatch (5-10X over next several years). These companies are losing money and it could get worse. Avanex has a lot of short-term liabilities against their cash. I tend to view cash as nice but want to qualify it against things like expected losses and liabilities on the balance sheet. Still, I commend you for playing the deep value game, as it is one that can work in a big bear like this one.
Four Updated Below Net Cash Trades [View article]