Comments on: Negative Enterprise Value Screen for Net Nets

By: Jim

Jim — Tue, 17 Mar 2009 04:32:07 +0000

A) Its a Net-Net B) an activist investor who is also a well known value investing group has taken an active role in the company and is petitioning to replace the board of directors in order to create shareholder growth. C) the company is lead by a CEO who was active with SHARP Electronics who also happens to be one of their largest buyers of their technology. Without going into greater detail, they have upside potential as a going concern for the long term and they have upside potential if a liquidation happens do to a board change.

“Heads, I win allot; Tails, I don’t lose much” – Mohnish Pabrai

Jim

By: MKL

MKL — Mon, 16 Mar 2009 15:27:08 +0000

James Simons owns 8% of this company through his Renaissance Technologies. While I acknowledge his genius, I don’t know WHY he owns it, other than the basic – he assumes his investment will increase in value. It’s enough to make me curious, but not blindly follow.

By: Jae Jun

Jae Jun — Mon, 16 Mar 2009 04:47:26 +0000

What’s your idea for TRID? I’ve heard the name for quite a while never looked into it.

By: Jim

Jim — Sun, 15 Mar 2009 21:40:29 +0000

TRID is my latest net net.

By: Jae Jun

Jae Jun — Thu, 12 Mar 2009 18:33:21 +0000

GSOL did well in the year and the market is liking it. Strong balance sheet remains. up 23% on the day.

By: Jae Jun

Jae Jun — Thu, 12 Mar 2009 04:40:04 +0000

Since it is so small, I’ll have to take a look at how much insiders own. If they own a large percentage of the company, it will be hard for institutions, even small ones, to buy. The integrity of management would be especially critical in this case.

Thanks for the tip.

By: Wide Moat

Wide Moat — Thu, 12 Mar 2009 01:27:34 +0000

One that I have that should meet your criteria is KSW, an HVAC installer and construction trade manager based in NYC. Market cap ~ 13.5 million, Net cash ~ 19 million. They also have over 60 million in future revenues booked in the backlog. There is a small buyback outstanding for $1 million.

Wide Moat’s last blog post..eBay’s 2009 Analyst Day