Back With Another List:
Profitable Companies Trading Below Their Net Current Asset Value

Once in awhile, your Cheap Stocks editor throws in a list, and today is no exception. Truth be told, the latest NCAV company I "discovered" was not actually trading below it's NCAV. I was halfway through writing my report when the numbers just did not look right, much to my disappointment. The company yields 3%, trades at less than 8 times earnings, and about 1.3 times NCAV. But, I scrapped that report afterall. Maybe I'll save it for another day.

This list is comprised of companies trading below their NCAV, that have positive trailing 12 month earnings. Avid readers will recognize a few of the names from previous posts. It is pretty slim pickings though, as evidenced by the fact that we went all the way down to $10 million in market cap.

Trans World Entertainment (TWMC)
Industry: Entertainment Products
Current Price: $5.57
Market Cap: $269 million
NCAV: $322 million
P/E: 80

Tandy Brands (TBAC)
Industry: Apparel
Current Price: $10.3
Market Cap: $69 million
NCAV: $73 million
P/E: 40

Lazare Kaplan (LKI)
Industry: Diamonds
Price: $7.80
Market Cap: $68 million
NCAV: $79 million
P/E: 32

Boss Holdings (BSHI)
Industry: Apparel
Current Price: $7.9
Market Cap: $15.6 million
NCAV: $16.8 million
P/E: 22.5

Hirsch Intl (HRSH)
Industry: Machinery
Current Price: $1.28
Market Cap: $11.15 million
NCAV: $10.86 million
P/E: 42.75



*The author has a position in Lazare Kaplan. This is neither a recommendation to buy or sell this security, or any others mentioned in this piece. All information provided believed to be reliable and presented for information purposes only.