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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks

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To: Q. who wrote (238)9/12/1999 1:18:00 AM
From: Mad2  Read Replies (1) of 1931
 
N,
Here's a microcap (NANX) trading for cash value and no debt. Cash burn is around (less) 1.5 mil a quarter or .125/share. Company makes nanocrystylline materials. One application is for additive to cosmetics to absorb UVb light. After company went public around two years ago revenue dropped (imagine that) probably related to Asian flue as they sold a fair amount of their stuff in Asia and since the revenues have been flat. I'm not sure anything is going on with this company that would improve their situation (their director of business development is a Dr., not a good sign), however if they would ever get their act back togeather it could make for a good story and run nicely. Two >10% owners have been accumulating a fair amount of stock over the past year in the 2-3/share range (closed at 2 1/16 last Friday).
Mad2
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