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

To: gizwick who wrote (57624)	7/27/2016 12:08:22 PM
From: E_K_S	Read Replies (3) \| Respond to of 78753

TCP International Holdings Ltd. (TCPI) The Grahmn No. valuation for TCPI is $2.53/share or 39.54% undervalued from it's current price of $1.80/share. A brief look at their balance sheet show no Goodwill (which is good as I adjust BV by the amount of GW) but I do see deferred long term asset charges (maybe writing off legacy inventory?) and a very high Other Liabilities No.. Still this appears to have some promise as an undervalued company. Will need to investigate the reason for the late filing in their 10K as last report was provided in April. The Registrant could not complete the filing of its Annual Report on Form 10-K within the initially prescribed time period due to an ongoing Audit Committee investigation, which was previously disclosed in the Registrant's Current Report on Form 8-K filed on November 5, 2015. The Audit Committee of TCP’s Board of Directors is conducting an internal investigation concerning the scope and propriety of payments made by its Chairman with his personal funds relating to TCP’s business. The Audit Committee also is investigating whether relationships exist between its Chairman and Vice-Chairman and certain vendors. I like that the company is headquartered in Switzerland and not China. Will put on my watch list after I do some more DD. Good Investing EKS