Friday, 23 January 2009

Retail Net/Nets Part II

The list of net/nets seems to grow longer every day, especially in retail land. This will, in all likelihood, continue as consumers hunker down, retail sales drop further, and market caps suffer as a result. In the end, once the sun comes out again, it's likely that the number of store closing and bankrutpcies will leave the survivors in very good shape. Who on our list of retail net/nets will survive? Very hard to say. We'll leave it at that for now.

Stein Mart
SMRT
Market Cap: $54.2
NCAV: $105.3
Total Debt: $100
Price: $1.28
Cash & Short Term MS: $64.8
Quick Ratio: .6

Shoe Carnival
SCVL
Market Cap: $102.3
NCAV: $133.8
Total Debt: $0
Price: $8.04
Cash & Short Term MS: $9.1
Quick Ratio: .3

Cache
CACH
Market Cap: $26.5
NCAV: $26.8
Total Debt: $4.7
Price: $2.00
Cash & Short Term MS: $25.6
Quick Ratio: 1.6


PC Connection
PCCC
Market Cap: $142.1
NCAV: $153
Total Debt: $4.5
Price: $5.25
Cash & Short Term MS: $46.8
Quick Ratio: 1.6


Tuesday Morning
TUES
Market Cap: $56.6
NCAV: $149.9
Total Debt: $36.5
Price: $1.33
Cash & Short Term MS: $4.9
Quick Ratio: .2


*The author does not have positions in any of the companies mentioned. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only.

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