COMS & CASH = FALSE HOPE
Assuming a non-profitable COMS, and its cash, is a good investment is a poor rationale. Most analysts reports indicate that COMS has poor visibility (who doesn't), poor product lines compared to the competition, miserable short-term industry, and lousy management.
If one assumes that a high-cash basis qualifies COMS as a good value, then I would suggest one to look at NPK. National Presto sells for $30, owns $33 cash net of debt, offers a $2 dividend (over 6% yield), and is profitable. And NPK is a lousy company -- it has been for years. COMS doesn't have an equal, in per share relationship, amount of cash, is not profitable, and offers no dividend. |
