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Strategies & Market Trends : Value Investing

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To: Charshay who wrote (36988)	4/12/2010 5:43:43 PM
From: Grantcw	Read Replies (2) of 78688

Update on GRVY - Looks like this company reports primarily through the SEC these days. Another report came out a few days ago. I did an off-the-cuff breakdown based on today's exchange rates (I did this quickly, so sorry if there are errors) and I get: 2009 Results: Cash per Share = $2.06 Current Assets per Share = $2.40 Total Liabilities per Share = $0.58 Book Value per Share = $2.66 Earnings per share = $0.10 in 2009 vs $0.03 in 2008 Current price per share is ~$2. I still like the valuation here. A good amount of cash per share and a solid earnings rise as well as seeming stability of earnings in tough years. New products coming out this year. Decent growth potential with a good value backstop. But, from a price target standpoint, I don't know. I actually had an overweight position and sold some of my $1.55 shares at $2 recently to get to a more reasonable position. Maybe I'd sell another chunk at $2.50 if it made it there this year? I think this stock would be fairly valued somewhere above $3. Thanks, cw

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