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

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To: Q. who wrote (338)	2/13/2000 3:02:00 AM
From: James Clarke	Read Replies (1) of 1931

FIT has cash roughly equal to the $12 share price, and about $8 of other tangible assets. It has started to get some strength after a long downtrend. Pays a dividend of about 6%. The textile business is awful, but these guys have a history of squeezing blood from a stone because they don't reinvest in the business. MAXS is another one trading at close to its cash balance that seems like the stock may be coming back to life after a solid bottom. I don't think this is as good as FIT, though I own both, because with MAXS there is the risk of management blowing the cash on an acquisition, and it pays no dividend.

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