Update on 1/26/06 Column: Top 10 market cap companies trading below NCAV

We last published a top 10 list such as this back in January, and this column proved to be extremely popular with our readers. Below is the original list, with returns since January.

Company: Trans World Entertainment
Ticker: TWMC
January Price: $4.77
Current Price: $6.23
Return: +30.6%
Industry: Retail/music & video
Report Available

Company: Dominion Homes
Ticker: DHOM
January Price: $10.2
Current Price: $10.49
Return: +2.8%
Industry: Home Building

Company: Lazare Kaplan
Ticker: LKI
January Price: $8.64
Current Price: $8.25
Return: -4.5%
Industry: Diamonds
See last week’s report

Company: Discovery Partners
Ticker: DPII
January Price: $2.5
Current Price: $2.56
Return: +2.4%
Industry: R&D
See Report

Company: Axonyx
Ticker: AXYX
January Price: $.94
Current Price: $.95
Return: +1.1%
Industry: Biotech

Company: Praecis Pharmaceutical
Ticker: PRCS
January Price: $4.32
Current Price: $5.57
Return: +29%
Industry: Medical/Pharma

Company: Pharmos Corp
Ticker: PARS
January Price: $2.15
Current Price: $2.41
Return: +12.1%
Industry: Drug Delivery

Company: Remec Inc
Ticker: REMC
January Price: $1.3
Current Price: $1.14
Return: -12.3%
Industry: Wireless Equipment

Company: Intrabiotics
Ticker: IBPI
January Price: $3.65
Current Price: $3.42
Return: -6.3%
Industry: Medical-Drugs

Company: Peak Intl
Ticker: PEAK
January Price: $2.49
Current Price: $2.89
Return: +16.1%
Industry: Semiconductor Equip

There you have it. The companies on the January 26 list returned an average of 7.1% since that report. Next week, we'll re-run the list to see who the current top 10 NCAV companies are.

*The author has positions in DPII and LKI. This is neither a recommendation to buy or sell this security. All information provided believed to be reliable and presented for information purposes only.