10/24/2010

Contrarian value under 50 million potentially oversold

(APT) Alpha Pro Tech Ltd


Industry; Medical Appliances & Equipment

Current price = $1.51
Market value = 33 million
Enterprise value = 31 million

P/S = .58

ROIC average from 2006 to TTM = 17.39%, TTM ROIC = 23.74

EBITDA – CE (Avg 4 yrs)/EV = 34.78%

52 week change is -78.91%, 52-Week Range 1.42-7.60, share count has been reduced from 2005 versus the TTM, Price to Book value per share is at a historic low of 1 along with P/S, shorts as a percentage of float is at 5%, YOY quarterly revenue change -22.90%

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