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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Brinks who wrote (20536)	1/31/2005 3:31:00 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78666

Just going through some of those stocks now, Brinks, to see why I might have missed so many, and where they are now. I randomly picked some stocks beginning with letters a, c and d. Some of the stock symbols don't exist anymore (when I ask for a Yahoo quote), and some stocks that do exist don't look anywhere near net-nets anymore. I hit CLST and that stock DOES look like it's now, or still, a net-net. Yahoo's latest data is Aug. 31 '04, and it shows current assets = $452M, total lia. = $321M and 20.4M shares out. That makes net-net number = $6.42/sh. 2/3 of that is $4.30/sh. The stock's selling for $3.19/sh. The company isn't profitable now (Graham's were all profitable, I believe - although the study you mentioned said unprofitable net-net stocks on avg. did a little better than profitable ones). The data I'm using (8/04) is outdated, and the company's performance seems to continue to have eroded. Nevertheless, I'll make a small bet, and take a few shares. Anybody else see any net-nets (or have any comment on CLST as a net-net)?