Yes, I've been watching SPOR.
The most current financials that I was able to find are dated March 31, 2001 showing current assets totaling $25,319,000 ($6,178,000 cash, $1,473,000 marketable securities, $5,334,000 accounts receivable, $ 10,430,000 inventory)
The company carries debt of only $ 1,351,000.
Market cap as of today is $6,987,000 or 27% of net current assets
I guess the discount to assets depends on how well the company accounts for receivables and inventory.
The business is shrinking, sales and income are down. Recently the company closed its B&L Sportswearmanufacturing facility.
Its disturbing that no recent financials were published, especially after the company was kicked off NASDQ for failing to timely report.
Did you see the web site? Its still under development sporthaley.com
I continue holding. I suppose if the stock price is really crushed I might "double down". It seems there is value there --somewhere. |
