- Price / Tangible Book Value (Total Assets – Intangible Assets – Total Liabilities) < 1
Observations: energy companies & other natural resources prevalent. Micron appears too. 29 companies total
Observations: energy companies & other natural resources prevalent. Micron appears too. 29 companies total
Developed a screen *proxy* for Graham style net net value (NWC – total debt) by utilizing NWC only.
Observations: most companies laden with net debt (of 8 companies) based on companies ranging from 2bn – 15bn on major US exchanges.
Notable Equities:
Net Debt < (30%) of Market Cap
Notable Results:
Preference is to find companies with > $1,000 net cash, as any acquisition rumors are likely to garner significant attention to stir the markets.