Tom, thanks for starting this list. Here are some comments about two of the stocks.
ADPT. I own it at higher prices, and I'm considering adding more at current price. At about 8 5/8, it's near its five year lows. Stated book value is $7.50 per Yahoo. (Tangible book value is somewhat less.) Has over $6/sh in cash (per Yahoo) with a reasonable (imo) debt/eq. ratio of .3. ADPT is in the server,network, and desktop computer storage business. I bet, hope, and expect that at some point, orders will return to this company, and the stock will recover.
LEG. The stock's at 19+. I've been watching it since lows of Sept (about 14). Negative for me are that that I failed to buy the stock when it was lower, and although LEG are a conglomerate involved in many businesses, key businesses seem to be competitive, slow growers like components for bedding manufacturers, fabrics for furniture manufacturers, etc. The big positives (for me) are that they dominate or are aggressive acquirers in their markets, and "over the last 30 years, the quarterly dividend has increased 72-fold, or 15.3% compounded annually." They've increased their dividend every year for 30 years.
Paul Senior |
