Thread,
I meant to throw this out earlier, but forgot.
Since all of the net-net discussion here, I've begun to monitor (current assets less total liabilites) as a percentage of mkt cap. (BTW, is there an agreed upon "term" for this ratio?)
The following company showed up on a recent screen. It's not a net-net, but the above "ratio" was 1.05.
Company is Cidco, CDCO. They make what are internet phones, supposedly a rapidly growing market. I'm not conviced that the world will want internet phones in an environment approaching the $500 PC, but many feel it's the appliance that will push e-mail, and minor browsing (such as monitor stock tickers, sports scores, etc) beyond the current computer literate population. There is a sparsely populated SI thread for the company.
Some stats (financials as of 12-31-97):
price last I checked $8.75
mkt cap $122 mil.
PE 9.6
P/S 0.47
P/B 0.93
P/CF 6.6
no debt
pct cash 40%
sales growth of 40+% in recent quarters.
Shane (I'm not invested) |
