Profitable Companies Trading Below Their Net Current Asset Value

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Includes: BSHI, HRSH, LKI, TBAC, TWMC
by: Jon Heller, CFA

This list is comprised of companies trading below their net current asset value, or NCAV, that have positive trailing 12 month earnings. Avid readers will recognize a few of the names from previous posts. It is pretty slim pickings though, as evidenced by the fact that we went all the way down to $10 million in market cap:

Trans World Entertainment (NASDAQ:TWMC)
Industry: Entertainment Products
Current Price: $5.57
Market Cap: $269 million
NCAV: $322 million
P/E: 80

Tandy Brands (OTCPK:TBAC)
Industry: Apparel
Current Price: $10.3
Market Cap: $69 million
NCAV: $73 million
P/E: 40

Lazare Kaplan (LKI)
Industry: Diamonds
Price: $7.80
Market Cap: $68 million
NCAV: $79 million
P/E: 32

Boss Holdings (OTCPK:BSHI)
Industry: Apparel
Current Price: $7.9
Market Cap: $15.6 million
NCAV: $16.8 million
P/E: 22.5

Hirsch Intl (HRSH)
Industry: Machinery
Current Price: $1.28
Market Cap: $11.15 million
NCAV: $10.86 million
P/E: 42.75

Full disclosure: The author has a position in Lazare Kaplan. This is neither a recommendation to buy or sell this security, or any others mentioned in this piece. All information provided believed to be reliable and presented for information purposes only.