What Bloomberg brought back to me was the following list of of net current asset value stocks. Criteria:
- Stocks Trading on North American Exchanges
- Domiciled in either Canada or the United States
- Market Cap greater than $5 million
- Market Cap is 120% or less of NCAV
- Net Current Asset Value = (Cash & Marketable Securities + Accounts Receivable + Inventory – Total Liabilities – Preferred Equity – Minority Interests).
Please note, I have done no due diligence to check or verify this data. Financial data may be out of date, there may be multiple share classes, or (and I don’t mean to alarm you) there may be a bogeyman or bogeymen in the details. In other words, do your own research.
A few interesting facts:
- According to Bloomberg, there are 62 companies in the U.S. and Canada trading below NCAV (with market caps >$5 million).
- Of the 95 stocks in the table (trading at or below 120% of NCAV):
- 49 are Canadian (51.6%) and 46 are U.S. (48.4%)
- 32 (33.7%) are in the Materials sector, with the vast majority of those in the mining/gold/silver sub industries.
- The average market cap of the group as a whole is $28.5 million, with the largest company being Buhler Industries at $156 million.
NCAV Securities as of June 18, 2014
Ticker
|
Name
|
Country
|
NCAV
|
Market Cap
|
Market Cap / NCAV
|
UNRH
|
UNR HOLDINGS INC
|
US
|
$83,759,418
|
$19,571,840
|
23%
|
KGHI
|
KAISER GROUP HLD
|
US
|
$16,639,000
|
$5,084,752
|
31%
|
CLWA
|
CALLWAVE INC
|
US
|
$32,406,000
|
$10,388,392
|
32%
|
AAB
|
ABERDEEN INTL IN
|
CN
|
$37,660,350
|
$12,665,666
|
34%
|
HERB
|
YASHENG GROUP
|
US
|
$382,362,961
|
$130,902,168
|
34%
|
LKII
|
LAZARE KAPLAN
|
US
|
$44,982,000
|
$16,422,831
|
37%
|
ALSC
|
ALLIANCE SEMICON
|
US
|
$71,248,000
|
$28,090,700
|
39%
|
SRTI
|
SUNRISE TELECOM
|
US
|
$11,273,000
|
$5,134,906
|
46%
|
KZX
|
KAZAX MINERALS I
|
CN
|
$19,020,073
|
$8,722,319
|
46%
|
SPCO
|
STEPHAN COMPANY
|
US
|
$12,328,000
|
$5,953,745
|
48%
|
TAIT
|
TAITRON COMPONEN
|
US
|
$11,043,000
|
$5,373,564
|
49%
|
BXLC
|
BEXIL CORP
|
US
|
$36,822,806
|
$18,555,432
|
50%
|
UPGI
|
UNIVERSAL POWER
|
US
|
$16,280,000
|
$8,283,000
|
51%
|
BAT
|
BATERO GOLD CORP
|
CN
|
$16,128,889
|
$8,796,129
|
55%
|
LN
|
LONCOR RESOURCES
|
CN
|
$9,300,400
|
$5,140,781
|
55%
|
TSPT
|
TRANSCEPT PHARMA
|
US
|
$67,885,000
|
$39,218,728
|
58%
|
ARL
|
AFRICO RESOURCES
|
CN
|
$55,532,501
|
$33,873,736
|
61%
|
PDQ
|
PETRODORADO ENER
|
CN
|
$27,086,067
|
$16,889,148
|
62%
|
SPGZ
|
SPECTRUM GROUP
|
US
|
$27,793,000
|
$17,652,448
|
64%
|
TWMC
|
TRANS WORLD ENTM
|
US
|
$163,232,008
|
$103,897,384
|
64%
|
SVU
|
SPUR VENTURES
|
CN
|
$29,187,887
|
$18,726,228
|
64%
|
NUX
|
NEW PACIFIC META
|
CN
|
$25,483,641
|
$17,069,248
|
67%
|
DNV
|
DUNAV RESOURCES
|
CN
|
$11,670,345
|
$7,889,375
|
68%
|
NRE
|
NAMIBIA RARE EAR
|
CN
|
$13,155,038
|
$8,950,278
|
68%
|
MUN
|
MUNDORO CAPITAL
|
CN
|
$13,073,487
|
$9,121,723
|
70%
|
INV
|
INV METALS INC
|
CN
|
$21,052,514
|
$14,826,293
|
70%
|
KRN
|
KARNALYTE RESOUR
|
CN
|
$49,040,879
|
$34,623,552
|
71%
|
TSRI
|
TSR INC
|
US
|
$8,410,689
|
$5,945,048
|
71%
|
ORG
|
ORCA GOLD INC
|
CN
|
$85,898,869
|
$61,221,280
|
71%
|
KXM
|
KOBEX MINERALS I
|
CN
|
$34,138,818
|
$25,140,932
|
74%
|
RYG
|
RYAN GOLD CORP
|
CN
|
$20,338,569
|
$15,228,192
|
75%
|
AMR
|
AMAROK ENERGY IN
|
CN
|
$21,647,702
|
$16,312,676
|
75%
|
IDEA
|
INVENT VENTURES
|
US
|
$9,158,679
|
$7,053,286
|
77%
|
MWC
|
MEDWELL CAPITAL
|
CN
|
$12,230,000
|
$9,467,366
|
77%
|
MSN
|
EMERSON RADIO
|
US
|
$61,967,000
|
$48,019,804
|
77%
|
OEG
|
ONENERGY INC
|
CN
|
$15,885,000
|
$12,556,398
|
79%
|
RDU
|
RADIUS GOLD INC
|
CN
|
$13,613,703
|
$10,834,452
|
80%
|
STC
|
SANGOMA TECH COR
|
CN
|
$10,275,470
|
$8,216,496
|
80%
|
PRLS
|
PEERLESS SYSTEMS
|
US
|
$11,873,000
|
$9,523,083
|
80%
|
IGOI
|
IGO INC
|
US
|
$11,385,000
|
$9,275,827
|
81%
|
SODI
|
SOLITRON DEVICES
|
US
|
$10,973,000
|
$9,071,203
|
83%
|
JLMC
|
JLM COUTURE INC
|
US
|
$6,909,564
|
$5,718,955
|
83%
|
SPRS
|
SURGE COMPONENTS
|
US
|
$8,757,133
|
$7,257,071
|
83%
|
PTNT
|
INTERNET PATENTS
|
US
|
$29,299,000
|
$24,418,648
|
83%
|
CRV
|
COAST DISTR SYS
|
US
|
$20,442,000
|
$17,094,982
|
84%
|
ECC
|
ETHOS GOLD CORP
|
CN
|
$8,731,667
|
$7,388,015
|
85%
|
SWD
|
SUNWARD RESOURCE
|
CN
|
$29,261,302
|
$24,907,284
|
85%
|
MBS
|
MOBIUS RESOURCES
|
CN
|
$14,834,000
|
$12,673,688
|
85%
|
RELL
|
RICHARDSON ELEC
|
US
|
$159,301,000
|
$140,253,328
|
88%
|
TCCO
|
TECHNICAL COMM
|
US
|
$9,502,425
|
$8,514,204
|
90%
|
IDC
|
INTL DATACASTING
|
CN
|
$6,397,125
|
$5,850,629
|
91%
|
STLY
|
STANLEY FURNITUR
|
US
|
$43,303,000
|
$39,635,320
|
92%
|
ZC
|
ZIMTU CAPITAL
|
CN
|
$7,307,772
|
$6,759,292
|
92%
|
COSN
|
COSINE COMMUNIC
|
US
|
$19,938,000
|
$18,865,714
|
95%
|
CRG
|
CORONA GOLD CORP
|
CN
|
$10,124,632
|
$9,635,355
|
95%
|
ADI
|
ADRIANA RESOURCE
|
CN
|
$28,886,625
|
$27,571,992
|
95%
|
SN
|
SENNEN POTASH CO
|
CN
|
$8,041,069
|
$7,780,039
|
97%
|
MSV
|
MINCO SILVER COR
|
CN
|
$60,367,081
|
$58,415,924
|
97%
|
UGD
|
UNIGOLD INC
|
CN
|
$7,489,165
|
$7,311,397
|
98%
|
CNDO
|
CORONADO BIOSCIE
|
US
|
$80,217,000
|
$78,863,000
|
98%
|
GENC
|
GENCOR INDS INC
|
US
|
$104,459,000
|
$103,743,824
|
99%
|
ELR
|
EASTERN PLATINUM
|
CN
|
$93,425,000
|
$92,818,784
|
99%
|
PARF
|
PARADISE INC
|
US
|
$15,594,532
|
$15,691,920
|
101%
|
CDCO
|
COMDISCO HOLDING
|
US
|
$19,952,000
|
$20,144,756
|
101%
|
VII
|
VICON INDUSTRIES
|
US
|
$11,556,038
|
$11,710,101
|
101%
|
DCTH
|
DELCATH SYSTEMS
|
US
|
$25,620,000
|
$26,158,662
|
102%
|
BSHI
|
BOSS HOLDINGS
|
US
|
$23,260,000
|
$23,895,528
|
103%
|
GIC
|
GENTERRA CAPITAL
|
CN
|
$13,798,496
|
$14,217,792
|
103%
|
EPL
|
EAGLE PLAINS RES
|
CN
|
$6,485,414
|
$6,699,094
|
103%
|
SDOI
|
SPECIAL DIVERSIF
|
US
|
$23,578,000
|
$24,392,062
|
103%
|
ORBT
|
ORBIT INTL CORP
|
US
|
$12,832,000
|
$13,341,849
|
104%
|
GRG
|
GOLDEN ARROW RES
|
CN
|
$8,634,103
|
$8,981,204
|
104%
|
BEV/H
|
BENEV CAPITAL IN
|
CN
|
$67,968,188
|
$71,740,960
|
106%
|
AEY
|
ADDVANTAGE TECH
|
US
|
$28,510,396
|
$30,453,292
|
107%
|
BLT
|
BRILLIANT RESOUR
|
CN
|
$10,491,009
|
$11,209,108
|
107%
|
SMGI
|
SMG INDIUM RESOU
|
US
|
$17,597,740
|
$18,836,394
|
107%
|
HCI
|
HARTCO INC
|
CN
|
$38,901,000
|
$41,649,628
|
107%
|
LVN
|
LEVON RESOURCES
|
CN
|
$46,520,825
|
$50,013,604
|
108%
|
HMM/A
|
HAMMOND MANUF-A
|
CN
|
$15,236,000
|
$16,434,734
|
108%
|
FRD
|
FRIEDMAN INDTRY
|
US
|
$50,786,076
|
$55,484,144
|
109%
|
AXTI
|
AXT INC
|
US
|
$61,276,000
|
$68,470,408
|
112%
|
BUI
|
BUHLER INDS
|
CN
|
$139,210,992
|
$156,000,000
|
112%
|
PCO
|
PHOENIX CAN OIL
|
CN
|
$7,087,715
|
$7,970,527
|
112%
|
DL
|
DANIER LEATHER
|
CN
|
$32,380,000
|
$36,421,888
|
112%
|
MLR
|
MELIOR RESOURCES
|
CN
|
$21,574,998
|
$24,318,928
|
113%
|
SMIT
|
SCHMITT INDS
|
US
|
$7,391,043
|
$8,374,548
|
113%
|
GDL
|
GOODFELLOW INC
|
CN
|
$73,631,000
|
$83,789,560
|
114%
|
ATX
|
ARGENTEX MINING
|
CN
|
$5,241,142
|
$5,970,570
|
114%
|
TRGT
|
TARGACEPT INC
|
US
|
$122,479,000
|
$140,206,048
|
114%
|
OPST
|
OPT-SCIENCES
|
US
|
$11,939,854
|
$13,689,075
|
115%
|
FOS
|
PHOSCAN CHEMICAL
|
CN
|
$41,946,905
|
$48,596,944
|
116%
|
HYD
|
HYDUKE ENERGY SE
|
CN
|
$14,597,455
|
$17,028,384
|
117%
|
BVSN
|
BROADVISION INC
|
US
|
$40,715,000
|
$47,950,592
|
118%
|
SUP
|
NORTHERN SUPERIO
|
CN
|
$6,320,701
|
$7,546,196
|
119%
|
SVT
|
SERVOTRONICS INC
|
US
|
$14,418,000
|
$17,286,616
|
120%
|
Full Disclosure: Author may hold a position in securities listed in the table.
*Points have no cash value, are redeemable for nothing, and in every sense of the word are “pointless.” Now puns on the other hand . . .
Harvest Investor © 2014. All rights reserved. The content and ideas contained in this blog represents only the opinions of the author. The content in no way constitutes investment advice, and should never be relied on in making an investment decision, ever. No content shall be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The author may hold positions in the securities and companies mentioned on this site. Any position disclosed on this site may be modified or reversed without notice to you. The content herein is intended solely for the entertainment of the reader, and the author.
