Deswell Industries: The Value Trap Might Finally Get Dismantled
- DSWL trades at a 62% discount to NCAV.
- Total asset value adds up to either $82.5 million or $101.6 million.
- The story has been around since 2010 but nothing happened.
- Revenue has halved over the past few years and cash from operations went into the red.
- Management's 25% ownership stake and a major shareholder requesting a board seat lead me to believe action is imminent.