05/21/13 Insider Value Based Nano Cap Insider Purchases

Symbol	Co Name
ORBT	ORBIT INTERNATIONAL CORP
LIOX	LIONBRIDGE TECHNOLOGIES INC
SANW	S&W Seed Co

Click for quotes on stocks above

Click for quoteson yesterday’s Post for Insider Buys

Insider Buys Reported 05/20/13: Micro Cap Value

Symbol	Co Name
LGL	LGL GROUP INC
DRAD	DIGIRAD CORP
HA	HAWAIIAN HOLDINGS INC
CCC	CALGON CARBON CORPORATION
ERA	ERA GROUP INC.

05/16/13 Positive Insider Activity

VIDE: VIDEO DISPLAY  Insider Purch 8,000 Shares for $29,600 at $ 3.70

Shares Owned after Purch 2,950,238: Industry = Computer Peripherals  52 Wk Return = -6.14 Inside Ownership 70.72%

PDEX: PRO DEX INC  Insider Purch 3,425 Shares for $6,508 at $ 1.90

Shares Owned after Purch 272,255: Industry = Medical Instruments & Supplies 52 Wk Return = -4.52 Inside Ownership     33.52%

HAMP: HAMPSHIRE Insider Purch 7,200 Shares for $20,448 at $ 2.84

Shares Owned after Purch 50,000:Industry = N/A 52 Wk Return = 27.56%  Inside Ownership   71.35%

CSV: CARRIAGE SER Insider Purch 3,000 Shares for $51,810 at $17.27

Shares Owned after Purch 15,825:Industry = Personal Services 52 Wk Return =    140.36 Inside Ownership     25.53

CKEC: CARMIKE CINE Insider Purch 324 Shares for $5,398 at $16.66

Shares Owned after Purch 293,595:Industry = Movie Production, Theaters 52 Wk Return =     15.52 Inside Ownership     13.92

DRAD: DIGIRAD CORP Insider Purch 5,000 Shares for $12,000 at $ 2.40

Shares Owned after Purch 526,985:Industry = Medical Appliances & Equipment 52 Wk Return =      5.70 Inside Ownership     11.36

MYE: MYERS INDUST Insider Purch 2,000 Shares for $30,100 at $15.05

Shares Owned after Purch 11000:Industry = Rubber & Plastics 52 Wk Return = -6.98%  Inside Ownership 20.74%

SPRT: Support.com, Insider Purch 1,200 Shares for $5,160 at $ 4.30

Shares Owned after Purch 7,577,535:Industry = Internet Software & Services 52 Wk Return =     70.19 Inside Ownership      0.18%

DYAX: DYAX CORP  Insider Purch 5,000 Shares for $12,500 at $ 2.50

Shares Owned after Purch 22971:Industry = Biotechnology 52 Wk Return = 54.66% Inside Ownership   3.36%

SPA: SPARTON CORP Insider Purch 1,695 Shares for $24,917 at $14.70

Shares Owned after Purch 48,030:Industry = Diversified Electronics 52 Wk Return =     71.73 Inside Ownership     16.17

WINA: WINMARK CORP Insider Purch 2,000 Shares for $121,780 at $60.89

Shares Owned after Purch 1,685,278:Industry = Specialty Retail, Other 52 Wk Return =  15.40% Inside Ownership  54.86%

Click to view quotes on all the stocks above

Cash Rich Oversold Negative Enterprise Value

Amtech Systems Inc. (ASYS) founded in 1981 engages in the "design, assembly, sale, and installation of capital equipment and related consumables used in the manufacture of wafers, primarily for the solar/photovoltaic, semiconductor, silicon wafer, and micro electromechanical systems industries."

52 week change of -16.70%.

Price = 3.99, Per share values … EV = -.20. ; BV = 8.09; Cash = 4.07 ; GP = .96 ; EBITDA -2.64 ; FCF = .85

Industry = Semiconductor Equipment & Material

Market Cap = 38,060,000 ;  EV = -1,890,000  ; Revenue = 52,720,000

YOY Revenue Change =-62.40%

Electronic Systems Technology Inc. (ELST) "engages in the research and development, manufacture, and marketing of wireless modem products and accessories primarily in the United States, Mexico, Brazil, Peru, and Canada. The company was founded in 1982 and is based in Kennewick, Washington."

52 week change of 6.06%.

Price = .35, Per share values … EV = -.07. ; BV = .57; Cash = .42 ; GP = .23 ; Rev = .41 ; EBITDA .01 ; FCF = -.02

Industry = Communication Equipment

Market Cap = 1,810,000 ;  EV = -379,960  ; Revenue = 2,110,000

YOY Revenue Change =+42.20%

Maxygen, Inc. (MAXY) Maxygen, Inc., a “biopharmaceutical company, focuses on the discovery and development of protein pharmaceuticals for the treatment of disease and serious medical conditions in the United States. The company was founded in 1996 and is headquartered in San Mateo, California.”

52 week change of -60.60%.

Price = 2.37, Per share values … EV = -.53. ; BV = 2.85; Cash = 2.92 ; GP = 1.08 ; Rev = 1.10 ; EBITDA .76 ; FCF = .65

Industry = Research Services 
Market Cap = 65,870,000 ; EV = -14,710,000 ; Revenue = 30,010,000

YOY Revenue Change =-50.00%

Westell Technologies, Inc. (WSTL)was founded in 1980. WSTL "designs, manufactures, and distributes telecommunications products to telephone companies and other telecommunications service providers."

52 week change of -7.98%.

Price = 1.96, Per share values … EV = -.03. ; BV = 2.91; Cash = 1.98 ; GP = .66 ; Rev = .40 ; EBITDA -.14 ; FCF = .65

Industry = Communication Equipment

Market Cap = 113,990,000 ;  EV = -1,640,000 ; Revenue = 40,710,000

YOY Revenue Change = -38.00%

CLICK FOR QUOTES ON ALL 4 STOCKS

Canadian Pink Sheet Listed.. Aggressive Cannibals (company share buybacks over several years)

Note that most of the share count reduction was over the trailing 12 months. Some of the stocks listed showed a slight increase in share count from 2008 or 2007.

ABSSF:  (BOS:Toronto)

Airboss of America Corp” develops, manufactures, and sells rubber compounds and specialty rubber-based products for the transportation, defense, military, and industrial markets primarily in North America. It offers rubber compounds, including mixed rubber for use in industrial products for mining, transportation, military, automotive, and conveyor belting; defense products, such as protective wear for military and other first response applications; and industrial products, including vulcanized and non-vulcanized rubber based products, as well as mixing, calendaring, and extrusion. AirBoss of America Corp. was founded in 1989 and is based in Newmarket, Canada.”

AGFMF: AGF Management Limited AGF/B:Toronto Stock Exchange

“AGF Management Limited is a publicly owned investment manager. The firm primarily provides its services to institutional and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and hedge funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth and value stocks across all capitalizations. For fixed income, it invests in government and agency bonds of Canada. AGF Management Limited was founded in 1957 and is based in Toronto, Canada.”

AXANF :Axia NetMedia Corporation: (AXX:Toronto)

“provides broadband services and solutions over fibre optic communications networks.”

OLNCF: Omni-Lite Industries Canada Inc (OML:Venture)

“engages in the development, production, and marketing of specialized metal matrix composite, aluminum, carbon, and stainless steel alloy products to Fortune 500 companies. The company provides precision components utilizing advanced composite materials and other alloyed materials, and computer-controlled cold forging techniques. It offers vibration resistant stainless steel fastener components and jet engine components for the aerospace industry; transmission valves and airbag retainer rivets for the automotive industry; inventory control cups and other key components for inventory control systems for the commercial industry; links and head caps for the military sector; and ceramic track spikes for the sports and recreation industry. The company also distributes its track spikes online. It serves customers primarily in the United States, Canada, and the Barbados.”

RONAF : Rona Inc. (RON:Toronto)

RONA inc. “engages in the distribution and retail of hardware, home improvement, and gardening products in Canada. As of March 11, 2013, it operated approximately 800 corporate, franchise, and affiliate stores; and a network of 14 hardware and construction-materials distribution centers, as well as approximately 60 sales outlets and 4 distribution centers for plumbing and HVAC market. RONA inc. was founded in 1939.”

TCLAF: Transcontinental Inc. (TCL/A):Toronto Stock Exchange

“provides media and marketing activation solutions in Canada and the United States. The company creates products and services that allow businesses to attract, reach, and retain their target customers. It engages in printing activities for publishers of magazines, books, and newspapers, as well as retail customers; and publishing magazines, newspapers, books, custom content, and mass and personalized marketing materials. The company also operates a digital network of approximately 3,500 Websites and a door-to-door network for distributing advertising material that allows advertisers to reach consumers directly. In addition, it offers interactive marketing products and services that use new communication platforms supported by marketing strategy and planning services, database analytics, pre-media, e-flyers, email marketing, custom communications, and mobile solutions. Further, the company provides television content creation services that could be delivered on various communication platforms, from TV channels for general broadcasting to new media, Internet, and mobile channels. Transcontinental Inc. was founded in 1976 and is headquartered in Montreal, Canada.”

TransForce Inc. (TFIFF) : TFI:Toronto Stock Exchange 

TransForce Inc., “provides freight transportation and logistics services. It operates through four segments: Package and Courier, Less-Than-Truckload, Truckload, and Specialized Services. The Package and Courier segment provides non-expedited business-to-business parcel delivery services in Canada. The Less-Than-Truckload segment provides partial-load general-freight shipment to customers in North America. The Truckload Segment engages in the full-load transport of general merchandise in North America; and provides various value-added services, including bulk material shipments, and expedited deliveries and transport by open trailers. The Specialized Services segment provides a range of logistics services, which include international freight forwarding, fleet management, and personnel placement agencies; integrated management of industrial, commercial, and residential solid waste collection and treatment; and rig relocation services, including disassembly, transportation, and reassembly of oil and gas drilling rigs to the energy industry. As of December 31, 2012, the company had 11,380 power units and 11,700 trailers. TransForce Inc. is headquartered in Saint-Laurent, Canada.”

URNAF: Urbana Corp... URB:Toronto

"Urbana Corporation is a publically owned investment manager. The firm invests in public equity markets across the globe. Its investments are managed by Caldwell Investment Management Ltd. Urbana Corporation is based in Toronto, Canada."

Click for quotes on all the stocks above 

Value Based Canadian Stocks Listed on the "Pink Sheets"

I started a search for value based pink sheet listed Canadian stocks. Many attractive Canadian stocks trade on the pink sheets. Hopefully I can find useful market inefficiencies existing on the pink sheet for all countries, exchanges and market size.

A market maker must be willing to trade the stock to obtain a pink sheet listing. Some companies want to be traded on the pink sheets to gain exposure to U.S. investors. There are many benefits to the company. This dual listing on the pinks allows US investors to purchase shares without going to the Canadian exchanges. Many online brokers like Ameritrade don’t execute trades on foreign exchanges. So using the pink sheets may allow some exposure to quality Canadian, other countries or US based looking to avoid excessive regulation costs. Today I want to get my feet wet by introducing some value using the balance sheet and focusing on Canada. I believe there are so many more opportunities but this journey will take more time and effort. As you know, just remember with all transaction on the pink sheets you must use limit orders.

Once again I will have to update the post slowly. Additional input for tomorrow and likely the day after.  I wanted to get started today. Nothing too exciting at first glance but I guess value looks boring. 3 stocks for tonight that will be updated tomorrow are IDGBF,DLTOF,ADFJF

IDGBF: (IDG Toronto exchange)Indigo Books & Music Inc was founded in 1940 and is headquartered in Toronto, Canada. Indigo is “an e-commerce retail destination that sells books, gifts, toys, DVDs, and music. It also operates seasonal kiosks and year-round stores in shopping malls, which sell calendars, games, and gifts. As of March 31, 2012, the company operated 97 superstores under the Chapters, Indigo, and the World?s Biggest Bookstore banners; and 143 small format stores under the Coles, Indigo, Indigospirit, SmithBooks, The Book Company, and Pistachio banners.”

Negative enterprise value and 3.96% current dividend yield.
Value was created with increase in equity, reduced debt, stable share count, from 2008 to the current period.  

Market Cap:281.70M , Enterprise Value: -51.72M   

Price/Sales: 0.29 Price/Book:0.73

Revenue: 920.82M , Revenue Per Share:36.46

Qtrly Revenue Growth:-4.90% ,EBITDA:19.87M

Total Cash:320.72M

Total Cash Per Share (mrq):12.68 ,Book Value Per Share (mrq):14.55

Price on 05/06/13 = 11.14 , 52-Week Change:28.19%

52-Week High (May 6, 2013):11.14 , 52-Week Low (Aug 13, 2012):7.52

                      

ADFJF:(DRX Toronto Exchange) ADFJF was founded in 1956 and provides fabrication of complex structural steel and heavy built-up steel components for the non residential construction industry.

Equity per share continues to compound with equity per share value of 2.57 for 2008 to the most recent quarterly balance of 2.83. Annual profits have reduced total liabilities from 2009 balance of 29.59M to the MRQ 15.24M. Total share count was also reduced from 2009 balance of 36.20M shares outstanding to the MRQ balance of 32.45M.

Market Cap: 41.43M , Enterprise Value: 17.61M

Price/Sales: 0.98,  Price/Book:  0.44

Enterprise Value/Revenue: 0.42 ,Enterprise Value/EBITDA: 14.15

Qtrly Revenue Growth:-1.90%

Book Value Per Share: 2.87, 52-Week High:1.38 , 52-Week Low:1.12 

Total Cash:27.66M, Cash Per Share: 0.85

Total Debt:3.73M, Total Debt/Equity:  4.01

Current Ratio:3.51, Book Value Per Share: 2.87

The stock was 1.30 Canadian dollars on 12/31/2008 today the price was 1.42 Canadian dollars. 

They continue to aggressively buyback shares. On December 6,2012 "the company will repurchase up to 1,552,731 subordinate voting shares, representing 8.57% of the shares outstanding and 10% of the public float”

Price 05/06/13 = 1.25USD 

DLTOF: (DDL Toronto Exchange) Danier Leather designs, manufactures, distributes and retails leather apparel and accessories. Danier’s products are sold at its 89 shopping mall stores, street-front stores and large format power centers. Founded in 1972

The stock trades near its 52 week high.

They have done a good job of posting profits, reducing debt, building equity and keeping share count stable. But the stock 52 week price change is +18.46%.

2.38 CND December 31, 2008 to the current price of 12.51CND. So the stock price has moved this and prior years.

Market Cap: 48.71M, Enterprise Value: 24.77M

Price/Sales: 0.31,  Price/Book: 0.81 ,Enterprise Value/Revenue: 0.16

Enterprise Value/EBITDA: 4.29, Qtrly Revenue Growth: -4.40%

Total Cash: 23.93M , Cash Per Share: 6.21

Current Ratio: 4.36 Book Value Per Share: 15.61

Additional updates tomorrow

Margin of Safety Value Driven Ideas: additional update 05/02/13

 

SYNC: Synacor Inc “is a provider of startpages, TV Everywhere solutions, Identity Management (IDM) and various cloud-based services across multiple devices for cable, satellite, telecom and consumer electronics companies.”

Price on post date 04/22/13 = $2.86

ROIC was 2011 = 25.00 , 2012 =14.09 , TTM =14.09

Recent insider director purchases during March 2013, 40,000 shares @ 3.02 and 33,000 shares @ 2.99

52 week change of -67.00%, YOY quarterly change in Revenue = +11.20%

Per Share Data = Cash 1.54, Revenue 5.00, GP 2.03, EBITDA =.35

Price = 3.69 EV per share = 1.45,

EV/Sales = .33

Shares moved sharply higher on Wed May 1 after they announced a deal with Verison that would expand access to television shows and movies available online to Verizon's 5 million FiOS television subscribers.

HSON: Price on 04/22/13 = $3.35 

OIIM: Price on 04/22/13 = $3.17
 

O2Micro International Ltd: “O2Micro International, Ltd designs, develops and markets high performance integrated circuits for power management, security applications and systems security solutions”

OIIM is financially strong with an aggressive share buybacks from 2008 to the current period. Share count was reduced by 16.75% from a 2008 share count of 37,256,620 to the most recent period count of 31,043,800.

52 week price change is -36.08%.

Market Cap: 104.91M , Enterprise Value:1.29M

Price/Sales:1.02 , Price/Book: 0.66

Enterprise Value/Revenue:0.01, Qtrly Revenue Growth (yoy):-41.30%

Gross Profit:71.01M

EBITDA:-14.72M

Total Cash:97.32M , Total Cash Per Share:3.25

Current Ratio:10.86, Book Value Per Share:5.02                       

INTX: Price on 04/22/13 = $8.89

ELSE:Price on 04/22/13 = $4.38

 

 

 

Negative Enterprise Value

I will continue the updating tomorrow.

The stocks below were partially selected based on a negative enterprise value.

CMKG: mktg, inc. (CMKG): CMKG was founded in 1972. It’s an integrated sales promotional and marketing services agency in the United States. 

Revenue per share was 15.84 or 130.46M for the TTM. TTM gross profit of 102.90M or 12.24 per share, EBITDA of 6.11M, OI of .64 per share, and a book value of 1.42 per share. Cash per share is 1.36. 2013 positive insider activity.

CDCO: CDCO: Comdisco Holding Company, Inc. “does not have significant operations. The company is a successor company to Comdisco, Inc., which emerged from bankruptcy under the plan that became effective in August 2002. Its post-bankruptcy operations are limited to an orderly run-off or sale of its remaining assets. Comdisco Holding Company, Inc. was founded in 1969 and is based in Rosemont, Illinois”

Per 10k .. Berkshire Hathaway, Inc. owns 1,538,377 of 38.18% of shares outstanding

Davidson Kempner Partners 23.50%, Horizon Kinetics LLC 6.98% ,Haphazard Investors LLC 8.47% 

Price of $5.10 (20.54M), with a per share EV of -3.18 (-12.82M). Cash is 7.18 per share.

CECO: Career Education Corp.

COSN: CoSine Communications, Inc.

DGTC: DGT Holdings Corp

LOOK:  LOOK: LookSmart, Ltd. founded in 1996 “LookSmart, Ltd. provides search and display advertising network solutions in the United States, Europe, the Middle East, and Africa. “
LookSmart continues to bleed cash and loose the few customers remaining. July 2012 the company received a 1.00 per share offer from Peek Investments LLC . The offer was foolishly rejected by the board.

Per share price = .71 , Cash = .92, BV = .85, Revenue = .91, GP = .32

OIIM: O2Micro International Ltd.  

PRLS: Peerless Systems Corp

SCMR: Sycamore Networks Inc

Quotes on the stocks above

"Margin of Safety Value Driven Ideas" (04/22/13) Update Continued for MFLX & FMAO

MFLX:Multi-Fineline Electronix, Inc. “provides  printed circuit and component assembly solutions to the electronics industry. The Company's services include design and application engineering, prototyping and high-volume manufacturing, and turnkey component assembly and testing”

MFLX value has been enhanced with a -45% price change over 52 weeks near a 3 year low. It now trades at a historical low valuation based on P/B. P/B is .79 near 10 year low of .80 versus 5 year average of 1.30, P/S is .40 versus 5 year average of .70. and at 3 year low of .40.  Margins have been on the decline but margins mean revert in this industry

Strong financial position and with outsized industry under performance makes MFLX a micro cap value stock that is likely to mean revert. The most recently reported quarter 12/31/12 revenue increased by 21% to 289.7M.

MFLX Price on post date 04/22/13 = $14.02

Market Cap:357.87M ; Enterprise Value:256.44M

Price/Sales 0.40; Price/Book:0.77

Enterprise Value/Revenue:0.30 ; Enterprise Value/EBITDA:3.17

Qtrly Revenue Growth:21.00% ; Total Cash Per Share:3.90

52-Week Change:-44.73% ; Held by Insiders: 63.22%    

 

 

FMAO: FMAO - Farmers Merchants Bancorp is a regional bank founded in 1897 and based in Archbold Ohio. This OTCBB listed bank stock provides various financial services to individual and small businesses in northwest Ohio and northeast Indiana. It has 19 offices located in the Fulton, Williams, Henry, Defiance, Lucas, and Wood counties in Ohio; and 3 offices in DeKalb and Steuben counties in Indiana.

This conservative stock has slowly moved higher but is worth a look. Recognize that it’s trading close to 3 year highs for price and price to sales. It still trades a nice discount to book value. Current dividend yield is 3.80%.

FMAO: Price on 04/22/13 = $22.25 up from the previous day close of $21.55

Market Cap:103.53M; Enterprise Value:124.93M

Trailing P/E:10.68

Price/Sales: 2.78 ; Price/Book:0.94 ; Enterprise Value/Revenue:3.35

Qtrly Revenue Growth:2.20% ; 52-Week Change:3.97%   

The Bank owns all of its office locations, with the exception of Angola, Indiana. They own a total of 17 properties all on the books below fair market value. Above industry averages for ROA, Net Margins, ROE, Debt to Equity

TWOC: Trans World Corporation (OTC Listed Value)

Updated comment from prior post : "Random Margin of Safety Value Driven Ideas"

Industry: Resort and Casino

TWOC develops, acquires and manages casino operations in Europe. The company owns and operates three fully-owned casinos in the Czech Republic . “Its casino portfolio includes the Ceska casino consisting of 15 gaming tables and 80 slot machines in Ceska Kubice; the Route 55 casino comprising 23 gaming tables, including 12 card tables, 10 roulette tables, and 1 slingshot multi-win roulette table, as well as 124 video slot machines in Dolni Dvoriste; and the Route 59 casino with 23 gaming tables consisting of 12 card tables, 10 roulette tables, and 1 slingshot multi-win roulette table, as well as 118 video slot machines in Hate. The company also owns and operates the Hotel Savannah, a 77-room, 4-star deluxe hotel; and a full-service spa. Trans World Corporation was founded in 1993 and is headquartered in New York, New York.”

Pros: Strong pattern of insider buying by micro cap value guru Lloyd Miller and Wynnefield Partners Small Cap Value. YTD 2013 Lloyd Miller purchased 388,306 shares for a total of $917,838 or 2.36 per share. He also acquired 88,334 shares that were recorded at 0 per share bringing his average cost per share price down to $1.95 and total share activity to 471,640. Wynnefield Partners purchased 271,821 shares for 666,144. The average price paid was $2.45 during 2013.

They own real estate (casinos,land,hotel) properties in the Czech Republic. Online reviews are positive for the 4 star Hotel Savannah. Czech Republic continues to excel economically.

The stock trades at or near its historical low valuation.  Also, it trades at a  large discount to Resort and Casino industry peers.

Market Cap = 22.95M ,  Enterprise Value: 17.08M  

Enterprise Value/EBITDA: 2.98 , Price/Book : 0.50 , Enterprise Value/Revenue: 0.47

52-Week Change:-25.32%  , Book Value per share = 4.66

TWOC Price on 04/22/13 = $2.60 up from the previous day close of $2.33

Aggressive debt reduction, modest share buybacks, deep discount to book value, successful value institutions as large shareholders help make this mean reversion deep value candidate an interesting tiny (risky) potential opportunity.

Margin of Safety Value Driven Ideas

slowly updating details on the potential ideas below.

The ideas were selected based on multiple value attributes. The categories for consideration were

Insider buying; share buybacks; debt reduction ; deep value discount to industry peers; large price underperformance; real estate;  dividends;  consistent above average  earnings; valuation discount based on enterprise value to EBIT, EBITDA,GP, and tangible assets ; growing book value and sales;, improving GM%

TWOC (see post above "TWOC: Trans World Corporation (OTC Listed Value)"

MFLX:Multi-Fineline Electronix, Inc. “provides  printed circuit and component assembly solutions to the electronics industry. The Company's services include design and application engineering, prototyping and high-volume manufacturing, and turnkey component assembly and testing”

MFLX value has been enhanced with a -45% price change over 52 weeks near 3 year low. It now trades at historical low valuation based on P/B. P/B is .79 near 10 year low of .80 versus 6 year average of 1.30, P/S .40 versus 5 year average of .70. and close to 3 year low of .40.  Margins have been on the decline but margins mean revert in this industry

Strong financial position and outsized industry under performance makes MFLX a micro cap value stock that is likely to mean revert. The most recently reported quarter 12/31/12 revenue increased by 21% to 289.7M.

MFLX Price on 04/22/13 = $14.02

Market Cap:357.87M ; Enterprise Value:256.44M

Price/Sales 0.40; Price/Book:0.77

Enterprise Value/Revenue:0.30 ; Enterprise Value/EBITDA:3.17

Qtrly Revenue Growth:21.00% ; Total Cash Per Share:3.90

52-Week Change:-44.73% ; Held by Insiders: 63.22%    

  

SYNC

Price on 04/22/13 = $2.86

FMAO: FMAO - Farmers & Merchants Bancorp is a regional bank founded in 1897 and based in Archbold Ohio. This OTCBB listed bank stock provides various financial services to individual and small businesses in northwest Ohio and northeast Indiana. It has 19 offices located in the Fulton, Williams, Henry, Defiance, Lucas, and Wood counties in Ohio; and 3 offices in DeKalb and Steuben counties in Indiana.

This conservative stock has slowly moved higher but is worth a look. Recognize that it’s trading close to 3 year highs for price and price to sales. It still trades a nice discount to book value. Current dividend yield is 3.80%.

FMAO: Price on 04/22/13 = $22.25 up from the previous day close of $21.55

Market Cap:103.53M; Enterprise Value:124.93M

Trailing P/E:10.68

Price/Sales: 2.78 ; Price/Book:0.94 ; Enterprise Value/Revenue:3.35

Qtrly Revenue Growth:2.20% ; 52-Week Change:3.97%   

The Bank owns all of its office locations, with the exception of Angola, Indiana. They own a total of 17 properties all on the books below fair market value. Above industry averages for ROA, Net Margins, ROE, Debt to Equity

HSON:Price on 04/22/13 = $3.35

OIIM:Price on 04/22/13 = $3.17

INTX :Price on 04/22/13 = $8.89

ELSE:Price on 04/22/13 = $4.38

 

Click for quotes on the potential ideas above