The_Value_Investor

11 Stocks Selling Below Cash

There is no short cut. As noted above, this is a good place to start. You need to make adjustments for receivables, inventory, debt, off b-s agreements et al. and a note about excel junkies. I agree, don't trust quants but I feel it's more programmers and mathematical "geniuses" that you don't want to trust. An excel junkie can build a great model and still use human judgment. Remember that no matter how great or dynamic your model is, and how many macros you write to make it "think" it cant be as qualitative as a human. Investors with sound track records analyzing the fundamentals of firms and assets will prevail as they always have. Where is Ben Graham when we need him?