Jim (and those interested in net-nets)
I'm going to post a list of profitable net-nets if anyone is interested.
Criterion: 12mm earnings > 0; exchange not equal OTC, mktcap > $5 mil
The screen generated 23 companies.
Here goes:
ACMM, ASFN, VOX, CSTL, CHRB, CRAN, EDIN, ESP, HBW, HYDEA, IDG, ISRL, JLN, MAJ, NICH, PLAN, OROA, PSO, QSYS, RAGS, RGFX, SCCO, TAIT.
I think something may be wrong with the figures in the database on IDG (i.e. I don't think it's a net-net), but I posted it incase anyone wanted to look. All of these are tiny companies.
One that I was somewhat interested in was Taitron TAIT, but decided against investing in any of the above.
I ran this screen on data from 2 yrs ago, and it not produce compelling results. It seems an inordinate number of these kinds of companies tend to stay stuck in the mud. The screen from 2 yrs ago produced 37 companies, with an average return (pchg Y1/Y2) of 16% and produced 68% winners. The maximum gain was 92%, maximum loss was 86%,median return of 15.5%. I have not tried to refine the screen, because it seems these are companies you must dig into and evaluate individually.
For a snapshot - some of the big winners from the Year 2 pool were. Looking at these may help identify qualities of net-nets with big potential:
FARL Farrel Corp +92%
HPWR Health Power +82%
KSWS K-Swiss +64%
UEIC Universal Electronics +82%
WTBK Westerbeke Corp +76%
HAI Hampton Ind + 52%
Shane |
